Shareholders approve M C Bank merger with DMMS

MC Bancshares, Inc., the holding company for M C Bank & Trust Co., announced Monday that its shareholders have approved the proposed merger with DMMS Purchaser Inc. at a special shareholder meeting Monday.
Shareholders demonstrated strong engagement in the process, with 93% of shareholders participating in the vote and 92.19% voting in favor of the merger, the company said in a press release.
“This vote reflects the confidence our shareholders have in the future of our organization and the opportunities ahead,” said Christopher LeBato, president and CEO
of M C Bank. “We are grateful for the thoughtful review our shareholders gave to the materials and for their continued support as we move forward with this next chapter.”
The proposed merger with DMMS is expected to strengthen M C Bank’s long-term growth strategy by expanding capabilities, enhancing resources available to clients, and continuing to invest in its associates and communities, the bank said. “The combination positions the organization for continued growth while maintaining its commitment to relationship-driven community banking.”
Kenny Nelkin, chairman of the board of M C Bank, added, “The strong participation and support from our shareholders is an encouraging milestone in this process. On behalf of the Board of Directors, I want to thank our shareholders for their engagement and confidence in the strategic direction of our company.”
The merger remains subject to regulatory approval and customary closing conditions, and M C Bank continues to target closing the transaction during the second quarter of 2026.
The special shareholder meeting was held at the New Orleans office of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC, the law firm representing M C Bank.
MC Bancshares Inc. is the holding company for M C Bank & Trust Co., a Louisiana- chartered state bank. M C Bank first opened its doors in 1955 in Morgan City. On April 1, 1991, MC Bancshares was formed as a one-bank holding company, with its sole subsidiary being Morgan City Bank & Trust Co.
Simultaneously with the merger of the bank into the holding company, the bank's name changed to M C Bank & Trust Co.
The bank's headquarters are in Morgan City, and it operates 10 banking centers and offices across southeast Louisiana.