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Winnsboro State Bank & Trust acquires Business First Bank branch in Mangham, La.

In Louisiana, Winnsboro State Bank & Trust Co. completed the acquisition of the Mangham branch of Baton Rouge, La.-based Business First Bank.

The branch was sold to Winnsboro State Bank & Trust on June 28, according to the recent quarterly filing of Business First Bancshares Inc., the parent company of Business First Bank. Business First Bancshares reported that the sale resulted in a net gain of $593,000 and reduced goodwill and core deposit intangible by $1.3 million.

The location was formerly a branch of Richland State Bank, which Business First Bancshares acquired in 2018.

Winnsboro State Bank & Trust is a unit of Winnsboro Bancshares Inc.