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Louisiana-based Home Bancorp may issue more shares for Saint Martin deal
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Lafayette, La.-based Home Bancorp Inc. is prepared to issue an additional 9,269 of its common shares in connection with its acquisition of Saint Martin Bancshares Inc.
It had previously registered 1,926,892 shares for issuance. The additional shares may be exchanged for Saint Martin options. Options holders, under the terms of the deal, could be paid either in cash or, at their election, in Home Bancorp common stock.
The merger has already received regulatory approvals.