Fleur Capital Corporation (“Fleur” or the “Company”) and Simmesport State Bank jointly announced the signing of a definitive agreement pursuant to which Fleur will acquire Simmesport State Bank. The transaction has been approved by the board of directors of Fleur and Simmesport State Bank, is expected to close in the second quarter of 2025, and is subject to customary closing conditions, including approval from the shareholders of Simmesport State Bank and bank regulatory authorities.
Fleur is led by David M. McGuire. Mr. McGuire has over 37 years of experience in the banking industry and previously served as a founder, director and President of Spirit of Texas Bancshares, Inc. and founder, director and President and Chief Lending Officer of Spirit of Texas Bank and served in those positions from 2009 to 2022. Mr. McGuire has been involved in fourteen prior bank and branch acquisitions, an initial public offering of common stock, as well as an FDIC assisted bank purchase.
“We are extremely excited about the opportunity to inherit the legacy of a strong community bank and we remain deeply committed to the people of Simmesport and parishes that the bank serves. We highly value the Simmesport State Bank employees and believe they will be well-served as part of this proposed transaction. We are excited to work alongside the Simmesport State Bank team to strengthen current relationships and develop new ones,” said David McGuire.
“The Simmesport team is excited about embarking on this next chapter for our banking organization,” said Dr. Henry Moreau, Chairman and CEO of Simmesport State Bank. “Mr. McGuire’s vision closely aligns with our long-standing commitment to our shareholders, customers and local communities. We are confident that Mr. McGuire and his team of experienced bankers will carry forward our shared values and commitment to exceptional service for many years to come.”
Simmesport State Bank was established in 1956 and operates two branches located in the Avoyelles Parish, Louisiana. At September 30, 2024, Simmesport State Bank had approximately $231.5 million in assets, $183.2 million in net loans and leases, and $191.5 million in deposits.
Fleur Capital Corporation was advised by Hovde Group, LLC as financial advisor and Hunton Andrews Kurth LLP is serving as legal counsel. Simmesport State Bank was advised by National Capital, LLC as financial advisor and Fenimore Kay Harrison LLP is serving as legal counsel.
