Simmons to Buy Fort Worth Bank in Third Deal Since November

by Arkansas Business Staff  on Monday, Jan. 23, 2017 5:06 pm   2 min read

A $462 million cash-and-stock deal to acquire First Texas BHC Inc. of Fort Worth and its subsidiary Southwest Bank is the third acquisition announced by Simmons CEO George Makris Jr. in the past 10 weeks.

Simmons First National Corp. of Pine Bluff announced Monday a $462 million cash-and-stock deal to acquire First Texas BHC Inc. of Fort Worth and its $2 billion-asset subsidiary Southwest Bank. "We now have the opportunity to substantially grow our presence in the Fort Worth metropolitan area by joining with one of the best run, most respected financial organizations in Texas," Makris said.

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