Update: Simmons First, Arvest Submit Bids for Metropolitan National Bank

by Lance Turner  on Thursday, Sep. 5, 2013 7:42 pm  

The Simmons First National branch in downtown Little Rock. (Photo by Stephanie Dunn)

Simmons First National is a $3.6 billion financial holding company with 91 offices in 54 communities, in Arkansas, Kansas and Missouri.

Simmons, which trades on the Nasdaq exchange under the symbol SFNC, has made no secret of its desire to grow through acquisition. Last year, it won a bid to acquire Excel Bank in Sedalia, Mo., in an FDIC-assisted deal. It made two FDIC-assisted acquisitions in 2010, one in Springfield, Mo., and one in the Kansas City suburb of Olathe, Kan.

With assets exceeding $11 billion, Arvest is the largest bank in Arkansas. Owned by Wal-Mart founders the Walton family, it has more than 240 locations that are part of 16 locally managed banks in in Arkansas, Missouri, Oklahoma and Kansas.

Earlier this year, Arvest closed on its purchase of 29 bank branches in four states, including Arkansas, from Bank of America Corp. 

 

 

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