Simmons Completes Acquisitions of Southwest Bancorp and First Texas

PINE BLUFF, Arkansas – Simmons First National Corporation (“Simmons” or “Company”) (NASDAQ: SFNC), parent company of Simmons Bank, announced that, on October 19, 2017, it completed its acquisitions of both Southwest Bancorp, Inc. (“OKSB”), headquartered in Stillwater, Oklahoma, (parent company of Bank SNB) and First Texas  BHC, Inc. (“First Texas”), headquartered in Fort Worth, Texas (parent company of Southwest Bank). A definitive agreement to acquire OKSB was previously announced in December 2016, and a definitive agreement to acquire First Texas was announced in January 2017.  Shareholders of Simmons, OKSB, and First Texas approved the transactions earlier this month.

“Today marks the beginning of an exciting new chapter for Simmons,” said George A. Makris, Jr., Simmons’ chairman and CEO. “With the closing of these transactions, Simmons has now expanded its reach into three new banking markets – Texas, Oklahoma, and Colorado – and strengthened its franchise in Kansas. We are pleased to welcome all of the Bank SNB and Southwest Bank customers and associates to the Simmons family. We have always believed that our unwavering commitment to excellent customer service is what sets us apart, and I have no doubt that our new partners share that same conviction.”    MORE

 

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