Home Bancorp has completed the acquisition of St. Martin Bancshares and its wholly-owned subsidiary, St. Martin Bank & Trust Company.

St. Martin has been merged with and into Home Bancorp, while St. Martin Bank & Trust Company has been merged with and into Home Bank, N.A.

For each share of St. Martin common stock, its shareholders will receive 9.2839 shares of Home Bancorp common stock, under the terms of the merger agreement.

Also, the former directors of St. Martin, Daniel Guidry and Mark Cole, were elected to the boards of directors of Home Bancorp and Home Bank.

Following the completion of the deal, Home Bancorp has about $2.2bn in assets, $1.7bn in loans and $1.8bn in deposits.

After completing the systems integration in March 2018, the combined entity will operate under Home Bank brand.

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Home Bancorp president and CEO John Bordelon said: “By bringing our two companies together, we become the third largest bank headquartered in Louisiana.

“This gives us an even greater capacity to continue investing in our customers and our combined company. On behalf of our Board of Directors and employees, we welcome St. Martin Bank’s customers and team to our family.

“Aubrey and Daniel served on the board of St. Martin Bank during times of great success. As we join these two historic Acadiana companies, we’ll do so with their valuable insights and expansive knowledge of this region and business community. Our Board is committed to serving our community, customers and employees while maintaining superior results for our shareholders.”