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Simmons First National (SFNC) in Pine Bluff, Ark., has agreed to buy Community First Bancshares in Union City, Tenn.
May 6 -
Simmons First (SFNC) in Pine Bluff, Ark., has agreed to buy Delta Trust & Banking in Little Rock, Ark.
March 24 -
Simmons First National (SFNC) in Pine Bluff, Ark., had the winning bid to buy Metropolitan National Bank during a bankruptcy auction.
September 9
Simmons First National (SFNC) in Pine Bluff, Ark., has agreed to buy Liberty Bancshares in Springfield, Mo.
The $4.4 billion-asset Simmons First said in a press release Wednesday that it will pay about $207 million for the $1.1 billion-asset Liberty. Simmons First said it expects to complete the acquisition in the fourth quarter.
"Liberty's expertise in small business lending will enhance our commercial offerings throughout our geographies and will further establish Simmons as a premier community banking organization," George Makris Jr., Simmons First's chairman and chief executive, said in the release.
Simmons First will pick up 23 branches, $811 million in loans and $885 million in deposits. The company said it expects the transaction to be immediately accretive to diluted core earnings per common share.
Sterne, Agee & Leach and Quattlebaum, Grooms, Tull & Burrow advised Simmons First. Keefe, Bruyette & Woods and Stinson Leonard Street LLP advised Liberty.
Simmons has been an aggressive acquirer in recent months, agreeing earlier this year to buy
