Short answer
Third Coast Bancshares, Inc. (TCBX) filed an 8-K current report with the SEC on July 13, 2026 reporting Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). TCBX completed sale of substantially all TCCC assets to Gulf Coast Bank & Trust Company.
Third Coast Bancshares, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- TCBX completed sale of substantially all TCCC assets to Gulf Coast Bank & Trust Company
- Transaction effective June 25, 2026; announced July 13, 2026
- Divestiture removes TCCC commercial-capital assets from TCBX’s operations
- Exhibit 99.1 contains transaction details and forward-looking statement cautions
Item EX-99.1 · Exhibit EX-99.1
- Sale of substantially all TCCC assets to Gulf Coast Bank closed June 25, 2026
- Approximately $27.5 million closing consideration and $3.5 million gain
- Immediate capital benefit through portfolio monetization and balance-sheet repositioning
- Ongoing revenue share and Gulf Coast partnership preserve access to factoring solutions
- Continued focus on commercial banking, asset-based lending, and specialty lending platforms
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Third Coast Bancshares, Inc. 8-K filings
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