Cash-Stock Combo Offers Liberty Bank Stockholders Quick Reward

by George Waldon  on Monday, Jul. 1, 2013 12:00 am  

Home BancShares stock rose from about $21 per share before news of the merger broke ahead of the 3 p.m. press conference to more than $25 per share.

The combination of $4.2 billion-asset Centennial Bank, the Home BancShares franchise, with $2.8 billion-asset Liberty would create the second-largest banking concern based in Arkansas.

“The challenge is in the implementation of it,” Dennis said. “Home BancShares by itself doesn’t have the team in place to do it. Putting them together is where the real magic lies.

“Neither has the capability of supporting a $7.1 billion institution. Both sides have good people, and it will take good people to move forward.”

 

 

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