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Banking & Savings M&A image Banking & Savings M&A » By The Online Investor Staff, updated Wed., May. 8, 9:17 AM Recent mergers and acquisitions in the Banking & Savings M&A category.

Slide #6. Simmons First National Corporation Community First Bancshares, Inc.

Acquirer: Simmons First National Corporation (NASDAQ:SFNC)
Acquiree: Community First Bancshares, Inc.
Details: Simmons First National Corporation (Nasdaq:SFNC) announced today that it has entered into a definitive agreement and plan of merger ("Agreement") with Community First Bancshares, Inc. ("Community First"), headquartered in Union City, Tennessee, including its wholly-owned bank subsidiary First State Bank ("First State"). According to the terms of the Agreement, Simmons First National Corporation ("Company") will acquire all of the outstanding common stock of Community First in a transaction valued at approximately $243.4 million (based on the Company's May 5, 2014 closing price), subject to potential adjustments. The transaction is expected to be immediately accretive to the Company's diluted core earnings per common share.

Simmons First National is a bank holding company. Co., through its subsidiaries, provides banking and other financial products and services in markets located in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Co.'s subsidiary, Simmons Bank extends loans for a range of corporate purposes, including financing commercial real estate, construction of particular properties, commercial and industrial uses, acquisition and equipment financings, and other general corporate needs. Simmons Bank engages in small business administration and agricultural finance lending, and it provides corporate credit card products, as well as corporate deposit products and treasury management services.

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Company Name:  Simmons First National Corp
Stock buyback:  SFNC buyback
Website:  www.simmonsbank.com
Sector:  Banking & Savings
Number of ETFs Holding SFNC:  58
Total Market Value Held by ETFs:  $556.23M
Total Market Capitalization:  $2.25B
% of Market Cap. Held by ETFs:  24.69%
 

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May 8, 2024    9:17 AM Eastern
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Hold (1.67 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

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SFNC Stock Forecast

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