State Capital Corp. | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor And Fairness Opinion

State Capital Corp.

$136.5 Million 09/19/2019 Depository Complete
Show Tombstone

Transaction Details

  • State Capital Corp. (“State Capital”), parent company of State Bank and Trust Company, announced today the signing of a definitive merger agreement with BancPlus Corporation (“BancPlus”), the parent company of BankPlus
  • Combination between two of Mississippi’s oldest banks
  • Combined company will have approximately $4.2 billion in assets and rank as the 6th largest bank by deposits in the state of Mississippi
  • Transaction expands BankPlus’ footprint into Louisiana and Alabama
  • Kirk Graves, Chief Executive Officer of State Bank, will join the senior executive management team of BankPlus upon completion of the merger
  • State Capital shareholders will receive shares of BancPlus’ common stock for each outstanding share of State Capital common stock. The transaction is valued at approximately $136.5 million in the aggregate, or $38.75 per share
  • Merger is expected to close in the first quarter of 2020
Sources: Company filings, SNL Financial and publicly available information.
  1. (1) Transaction multiples calculated based on the aggregate deal value and financial results as of or for the twelve months ended June 30, 2019.

    (2) Reflects Q’2 2019 FR Y-9C financial data for State Capital Corp. and BancPlus Corporation.

    (3) Bank-level.

    This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.