Simmons Bank
CFO) | |
 $255 million (2020) | |
| Total assets | $24.7 billion (2021) |
| Total equity | $3.0 billion (2020) |
Number of employees | 2,923 (2020) |
| Website | simmonsbank |
| Footnotes / references [1][2] | |
Simmons Bank is a bank with operations in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It is the primary subsidiary of Simmons First National Corporation, a bank holding company.
History
The bank was founded by physician Dr. John Franklin Simmons in
In September 2012, in a transaction organized by the
In October 2012, the company acquired Excel Bank. In November 2013, the company acquired Metropolitan National Bank.[5] The purchase included the Simmons Tower. In August 2014, the company acquired Delta Trust & Bank. In February 2015, the company acquired Liberty Bancshares and Community First Bancshares.[6] In November 2015, the company acquired Ozark Trust and Investment Corp.[7] In September 2016, the company acquired Citizens National Bank. In May 2017, the company acquired First South Bank.[8] In October 2017, the company acquired Southwest Bancorp, Inc. and First Texas BHC, Inc.[9] In April 2019, the company acquired Reliance Bancshares, Inc.[10]
In July 2019, the company acquired Landmark Bank, Inc., a subsidiary of Landrum, the parent company, headquartered in Columbia, Missouri, for an estimated $434 million. The merger was finalized and marketing changes took place on February 18, 2020. [11] In November 2021, the company purchased Spirit of Texas Bancshares, with the acquisition completed and locations converted in April 2022.[12]
References
- ^ "Simmons First National Corporation 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "FDIC: Simmons Bank (FDIC # 3890)". Federal Deposit Insurance Corporation.
- ^ "Failed Bank Information for Truman Bank, St. Louis, MO". Federal Deposit Insurance Corporation.
- ^ Edwards, Greg (September 14, 2012). "Truman Bank seized, sold to Simmons First National Bank". American City Business Journals.
- Globe Newswire. November 25, 2013.
- Globe Newswire. February 27, 2015.
- ^ "Simmons completes Ozark acquisition". American City Business Journals. November 2, 2015.
- Globe Newswire. May 15, 2017.
- Globe Newswire. October 19, 2017.
- Globe Newswire. April 15, 2019.
- ^ "Landmark Bank to complete merger with Simmons, change its name Tuesday" (Press release). Columbia Missourian. February 14, 2020.
- ^ "Arkansas-based Simmons First National Corp. Completes Acquisition and Conversion of Spirit of Texas Bancshares". Bankers Digest. April 14, 2022.