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Mississippi-based BancPlus to buy in-state peer State Capital in $136.5M deal

Ridgeland, Miss.-based BancPlus Corp. agreed to acquire in-state peer State Capital Corp.

Subject to the terms of the deal, State Capital shareholders will receive BancPlus common shares for each State Capital share held. The transaction is valued at about $136.5 million in the aggregate, or $38.75 per State Capital share.

Details to follow.