Business First Bancshares in Baton Rouge, La., bought consulting firm American Planning Corp.
The $8.9 billion-asset Business First said in a press release that T. Jefferson Fair, American Planning’s CEO, and his team joined b1BANK subsidiary Smith Shellnut Wilson. The price wasn’t disclosed.
American Planning offers outsourced CFO services, financial modeling, strategic planning, capital planning, asset/liability management, stock valuations, and regulatory consulting.
“Jeff Fair and his team have earned the trust of community bankers over many years—including ours,” Jude Melville, Business First’s chairman, president and CEO, said in the release. “We’ve worked together since our founding 20 years ago, and I have complete confidence that by formally joining forces, we will amplify the positive impact Jeff already has had on the community banking industry.”