Simmons First National Corporation, using the Simmons Bank nameplate, is one of the largest financial companies based in Arkansas. According to the company website, Simmons has "total assets of $7.5 billion" with locations in Arkansas, Kansas, Missouri and Tennessee. As of 2016, there are approximately 175 branches and ATM's in 96 cities. Simmons ticker symbol is SFNC and trades NASDAQ.
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Products
The company offers the following consumer products: credit cards, real estate and commercial loans, checking, savings and time deposits, investment and securities management services.
History
Simmons First Bank was founded by physician Dr. John Franklin SIMMONS in Pine Bluff, Arkansas in 1903, one of the first in the area to receive a federal bank charter. It was one of the first banks in the state to offer a credit card.
Growth
Simmons First has grown organically by opening new branches in existing markets, acquiring select branches from other banks, and through a number of mergers and acquisitions, particularly in Arkansas, including:
- 1994: Dumas Bancshares, Dumas AR
- 1995: Dermot State Bank/DSB Bancshares, Dermot AR
- 1997: First Bank of Russellville, Russellville AR
- 1997: First Bank of Searcy, Searcy AR
- 1998: American Bancshares of Arkansas, Ft Smith AR
- 1998: Lincoln Bancshares, Lincoln AR
- 1999: National Bank of Commerce, El Dorado, AR
- 2003: Alliance Bancorporation, Hot Springs AR
- 2010: Southwest Community Bank, Springfield MO
- 2010: Security Savings FSB, Olathe KS
- 2012: Truman Bank, St Louis MO
- 2013: Metropolitan National Bank/Rogers Bancshares, AR
- 2013: Excel Bank, Sedalia MO
- 2014: Delta Trust & Banking Corp, Little Rock AR
- 2014: Community First Bancshares, Union City TN
- 2014: Liberty Bancshares, Springfield MO
- 2016: Citizens National Bank, Athens TN (pending)
- 2016: Southwest Bancorp, Stillwater, OK (pending)
Source of the article : Wikipedia
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