Simmons First in Arkansas Reportedly Angling to Buy Delta Trust

By Sarah Todd February 04, 2014, 10:36 a.m. EST 1 Min Read

Community banking

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Simmons First National Burdened by Bank Deals in 1Q

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April 18

Simmons First (SFNC) in Pine Bluff, Ark., is reportedly in talks to buy Delta Trust & Banking in Little Rock, Ark.

The $431 million-asset Delta is considering selling itself to Simmons First in a deal that could be worth $63 million, unnamed sourced told Arkansas Business.

A Delta spokeswoman declined to comment, and a Simmons First representative did not immediately return a call seeking comment.

The $3.4 billion-asset Simmons has been on a buying streak in recent years. It paid $53.6 million for Metropolitan National Bank in Little Rock in a bankruptcy auction last fall. It also acquired a pair of failed Missouri banks Truman Bank in St. Louis and Excel Bank in Sedalia from the Federal Deposit Insurance Corp. in 2012.

French Hill, Delta's founder and chief executive, is a Republican candidate for Congress.

Sarah Todd

Deputy Editor, BankThink