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Stock impact report

Third Coast Announces Conversion to State-Chartered Bank [Yahoo! Finance]

Third Coast Bancshares, Inc. (TCBX) 
Company Research Source: Yahoo! Finance
Coast," or "our"), the holding company of Third Coast Bank (the "Bank"), today announced that the Bank has successfully converted its charter from a Texas state savings bank to a Texas banking association. The strategic charter conversion became effective on March 13, 2024 "The charter conversion allows us to expand our commercial loan portfolio while continuing to provide the same extensive array of business and personal banking products and high-quality, relationship–based service customers have experienced at the Bank since it was founded in 2008," said Bart Caraway , Chairman, President and CEO of Third Coast. "As we grew and our strategic plan evolved, we determined that a Texas banking association would allow us to better align our goals with the needs of commercial and retail customers." Prior to the charter conversion, the Bank was a state savings bank chartered and regulated by the Texas Department of Savings and Mortgage Lending. The conversion was successfully completed Show less Read more
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