Simmons First National Corporation, parent company of Simmons Bank, announced Tuesday the completion of the merger of its subsidiary, Southwest Bank, headquartered in Fort Worth, Texas, with and into its main banking subsidiary, Simmons Bank, according to news release.
Southwest Bank will operate as a division of Simmons Bank.
“Today marks another milestone for Simmons Bank as our growing footprint now includes Texas,” said Marty Casteel, chairman and CEO of Simmons Bank. “Together with Southwest Bank and our combined expertise, we are a stronger organization and are looking forward to serving our new customers in Texas.”
As of Dec. 31, 2017, Simmons had approximately $15.1 billion in assets, nearly 2,700 associates and approximately 200 locations across Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.
“We are confident this merger will bring long-term benefits to our customers, associates and shareholders by providing more efficient delivery of our products and services,” said George A. Makris, Jr., chairman and CEO of Simmons.
About Simmons First National Corporation
Simmons is a financial holding company headquartered in Pine Bluff with total consolidated assets of $15.1 billion (as of December 31, 2017) conducting financial operations throughout Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas. The company, directly and through its subsidiaries, offers comprehensive financial solutions delivered with a client-centric approach. The company’s common stock trades on the NASDAQ Global Select Market under the symbol “SFNC.”