Columbia, La.-based Homeland Bancshares Inc. seeks to acquire DeRidder, La.-based Beauregard Bancshares Inc., and thereby indirectly acquire Beauregard Federal Savings Bank.

Homeland Bancshares filed a savings and loan holding company application with the Federal Reserve Bank of Dallas during the week ended Sept. 17.

The terms of the deal were not disclosed.

Homeland Bancshares operates as homeland banking services and has additional offices in Jena, La., Monroe, La., and West Monroe, La. Homeland Federal Savings Bank, a wholly owned subsidiary of Homeland Bancshares, had $495.4 million in total assets as of June 30, according to S&P Global Market Intelligence data.

Beauregard Federal Savings Bank was founded in 1948. As of June 30, the bank had $74.7 million in total assets, according to Market Intelligence data.

With the completion of the deal, Homeland Bancshares will enter Beauregard Parish, La., with two branches to be ranked fourth with a 10.39% share of approximately $602.47 million in total market deposits, based on Market Intelligence data.

S&P Global Market Intelligence valuations for bank and thrift targets in the Southwest region between Sep. 17, 2021, and Sep. 17, 2022, averaged 169.54% of book and 178.00% of tangible book and had a median of 15.36x last-12-months earnings, on an aggregate basis.

To use S&P Capital IQ Pro's branch analytics tools to compare market overlap, click here. To create custom maps, click here.