Third Coast Bancshares pledges all bank stock as collateral, extends $54.9M loan to 2028

Filed May 1, 2026 · Period ending March 10, 2026 · ~1 min read

Key Changes

• high

  Company pledged all issued and outstanding stock of Third Coast Bank as collateral for $54.9M loan, meaning lender could seize bank ownership upon default.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Extended loan maturity from March 2026 to March 2028, providing two additional years to manage debt and avoiding near-term refinancing pressure.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Increased maximum borrowing capacity from $55M to $70M, providing $15M additional headroom above current $54.9M outstanding balance.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →