Simmons First Bank's Searcy CEO Resigns, Will Remain A Director

by George Waldon  on Tuesday, Apr. 1, 2014 1:39 pm  

Brooks Davis resigned as president and CEO of Simmons First Bank of Searcy, the bank announced Tuesday. But he will remain on the local board of directors.

Coinciding with the change are the promotions of Matt Boyd to Searcy community president and Rees Jones to senior credit officer.

Boyd was senior credit officer since joining the Searcy senior management team in July 2012. He has 19 years of banking experience in Arkansas, including nine years with Simmons First National Corp.

Jones, a commercial loan officer, has worked for Simmons for 10 years.

With $151 million in assets, the bank is the smallest of the seven Simmons First National Corp. banks. It recorded a profit of $1.54 million during 2013.

The Searcy bank is among three Simmons banks that will be combined in May with Simmons First National Bank of Pine Bluff, the flagship of Simmons First National Corp.

Simmons banks in Jonesboro and Hot Springs will combine in phase one of a two-phase corporate consolidation announced March 5. The company will complete the process in August, combining bank charters in Russellville, El Dorado and Lake Village.

Publicly traded Simmons First National Corp. is based in Pine Bluff. Last week, it announced plans to buy Delta Trust & Bank of Little Rock for $66 million.



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