Origin Bank Bundle
Who Owns Origin Bank?
Understanding a company's ownership is key to grasping its strategic direction and accountability. Origin Bank, a subsidiary of Origin Bancorp, Inc., has a history rooted in community banking, tracing its origins back to 1912.
Origin Bancorp, Inc., the parent company, went public in May 2018, broadening its ownership base. This move was significant for the financial institution, which now operates across several states.
Who owns Origin Bank?
Who Founded Origin Bank?
The foundation of Origin Bank dates back to 1912 with the establishment of the Bank of Choudrant in Choudrant, Louisiana. Initially capitalized at $10,000, its inception was a community-focused endeavor rather than a venture driven by a few major stakeholders. The early history of the institution highlights a commitment to local development, a principle that continues to shape its operations today.
| Year | Event | Significance |
|---|---|---|
| 1912 | Establishment of Bank of Choudrant | Community-driven initiative with $10,000 capitalization. |
| 1987 | Acquisition of Bank of Bernice | Led to a name change to Community Trust Bank. |
| 1991 | Formation of Community Trust Financial Corporation | Created a holding company structure, paving the way for future growth and public listing. |
Early Capitalization
The Bank of Choudrant began with a modest $10,000 in capital. This initial funding reflects a grassroots approach to establishing a financial institution.
Community Focus
The bank's origins are deeply rooted in its local community. This foundational principle has guided its development throughout its history.
Evolution of Structure
Significant structural changes occurred, including the formation of a holding company. This move was crucial for expanding operations and formalizing ownership.
Name Changes
The bank's identity evolved over time, notably changing its name to Community Trust Bank. This rebranding followed strategic acquisitions.
Holding Company Formation
In 1991, Community Trust Financial Corporation was established. This created a corporate framework that supported future growth and governance.
Lack of Specific Founder Details
While the bank's early history is documented, specific details regarding individual founders and their initial equity stakes are not readily available in recent public records.
The transition to a holding company structure in 1991 marked a pivotal moment, establishing a more defined corporate framework that facilitated expansion and laid the groundwork for its eventual public offering. This strategic move was instrumental in shaping the future Marketing Strategy of Origin Bank and its overall ownership landscape.
Key Milestones in Ownership Evolution
The journey from a local bank to a more complex corporate structure involved several key transformations. These changes were driven by strategic growth and evolving market conditions.
- Establishment of Bank of Choudrant in 1912.
- Acquisition of Bank of Bernice in 1987, leading to the name change to Community Trust Bank.
- Formation of Community Trust Financial Corporation in 1991, creating a holding company.
- The holding company structure was designed to support future expansion and a more formalized ownership model.
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How Has Origin Bank’s Ownership Changed Over Time?
Origin Bancorp, Inc. transitioned to a publicly traded entity on May 9, 2018, with its debut on the Nasdaq Global Select Market. This event marked a significant shift in its ownership structure, moving from a privately held company to one with a broader base of public and institutional investors.
| Event | Date | Details |
|---|---|---|
| Initial Public Offering (IPO) | May 9, 2018 | Began trading on Nasdaq under 'OBNK' at $34.00 per share. |
| Shares Sold in IPO | May 9, 2018 | Total of 4,181,602 shares, with 3,045,426 from the company and 1,136,176 from selling stockholders. |
| Stock Exchange Transfer | Post-IPO | Transferred listing to the New York Stock Exchange (NYSE). |
Following its IPO, Origin Bancorp, Inc. has seen a notable increase in institutional ownership. As of June 2025, institutional investors hold a commanding majority of the company's shares, accounting for approximately 60.18%. This concentration of ownership among large financial entities, with the top 21 shareholders controlling about 51% of the business, suggests a significant influence on the company's strategic direction and market performance. Key institutional stakeholders include BlackRock, Inc., which held 8.3% of outstanding shares in June 2025, alongside other major players like Vanguard Fiduciary Trust Co., T. Rowe Price Investment Management, Inc., and Dimensional Fund Advisors, Inc. This trend towards institutional investment often correlates with a stronger emphasis on long-term value creation and adherence to stringent corporate governance standards. Insiders, such as executive officers and directors, maintained a stake of approximately 6.12% in June 2025, while the general public held the remaining 32%. Understanding who owns Origin Bank is crucial for grasping its corporate structure and the dynamics influencing its operations.
Key Ownership Segments
Institutional investors are the primary owners of Origin Bancorp, Inc. as of mid-2025.
- Institutional Investors: 60.18%
- General Public: 32%
- Insiders: 6.12%
- Major institutional holders include BlackRock, Inc.
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Who Sits on Origin Bank’s Board?
Origin Bancorp, Inc. has a Board of Directors that guides its strategic decisions. As of March 3, 2025, the board was restructured to consist of 11 members, a reduction from the previous 16, aiming for enhanced efficiency and alignment with corporate governance standards.
| Director Name | Key Role | Committee Chair |
|---|---|---|
| Drake Mills | Chairman, President, and CEO of Origin Bancorp, Inc. | |
| Michael Jones | Nominating and Corporate Governance Committee | |
| Daniel Chu | ||
| James D'Agostino, Jr. | ||
| James Davison, Jr. | ||
| A. La'Verne Edney | ||
| Meryl Farr | ||
| Richard Gallot, Jr. | ||
| Stacey Goff | ||
| Cecil Jones | ||
| Gary Luffey |
The voting power within Origin Bancorp, Inc. is structured around a one-share-one-vote principle for its common stock. This means that shareholders' influence is directly proportional to the number of shares they own, with no indication of special voting rights or dual-class share structures that would concentrate control among specific shareholders. The company's corporate structure, where Origin Bancorp, Inc. serves as the holding company for Origin Bank, ensures a clear line of oversight and accountability from the board to the operational banking entity. Understanding the Revenue Streams & Business Model of Origin Bank can provide further context on how shareholder value is generated and managed.
Board of Directors and Shareholder Influence
The board's composition and the one-share-one-vote system are key elements of Origin Bank's corporate governance. This structure ensures that all common shareholders have a voice in proportion to their investment.
- The board size was reduced to 11 members in March 2025.
- All incumbent directors are nominated for election at the April 23, 2025 Annual Meeting.
- Drake Mills holds the CEO position for the parent company, Origin Bancorp, Inc.
- Voting power is based on a one-share-one-vote system for common stock.
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What Recent Changes Have Shaped Origin Bank’s Ownership Landscape?
Over the past few years, Origin Bancorp, Inc. has seen significant shifts in its ownership landscape and strategic direction. These developments are key to understanding who owns Origin Bank and its future trajectory.
| Period | Diluted EPS | Net Income | Institutional Ownership |
|---|---|---|---|
| Q2 2025 | $0.47 | $14.6 million | 60.18% (June 2025) |
| Q1 2025 | 62.17% (March 2025) |
Recent strategic moves by Origin Bancorp, Inc. include a substantial investment in Argent Financial, increasing its ownership to 20% as of July 1, 2025. This acquisition is expected to shift the accounting method to the equity method, potentially boosting noninterest income. The company also announced a new $50 million share repurchase program, valid until July 2028, and a plan to redeem $75 million of sub-debt in Q4 2025 to lower leverage. These actions reflect a proactive approach to managing its capital structure and enhancing shareholder value, aligning with the company's 'Optimize Origin' initiative aimed at achieving elite financial performance, targeting over a 1% return on average assets by the end of 2025.
Shareholder Activity
Origin Bancorp repurchased 136,399 shares in Q2 2025 at an average price of $31.84. A new $50 million share repurchase plan is in effect through July 2028.
Strategic Investments
The company increased its stake in Argent Financial to 20% on July 1, 2025. This move is anticipated to impact noninterest income through a change in accounting methodology.
Market Expansion and Growth
Origin Bancorp expanded its presence into South Alabama and the Florida Panhandle in 2024. The company has been actively hiring in 2025, indicating ongoing growth ambitions.
Institutional Investor Influence
Institutional investors hold a substantial portion of Origin Bancorp's shares, representing 60.18% as of June 2025. This trend reflects broader industry patterns of increasing institutional ownership in regional banks, a key aspect of Origin Bank ownership.
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