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La. banks' merger includes $3M termination fee

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La. banks' merger includes $3M termination fee

The merger agreement between Business First Bancshares Inc. and Minden Bancorp Inc. includes a $3.0 million termination fee payable by Minden under certain circumstances.

Baton Rouge, La.-based Business First is acquiring Minden, La.-based Minden in a deal valued at approximately $76.1 million.