Simmons First to Buy Liberty Bancshares in Missouri in $207M Deal

by Lance Turner and Gwen Moritz  on Wednesday, May. 28, 2014 8:29 am  

George Makris

The Liberty Bancshares deal will expand Simmons First's presence in the Show Me State.

Simmons First entered Missouri in 2010 with the FDIC-assisted acquisition of $96.6 million-asset Southwest Community Bank of Springfield. That was followed by two more FDIC-assisted acquisitions in 2012: Truman Bank of St. Louis, with $282 million in assets, and Excel Bank in Sedalia, with $200 million in assets.

Between those acquisitions and the 2010 FDIC-assisted takeover of $508 million Security Savings Bank FSB of Olathe, Kansas, Simmons now has nine branches in Missouri and nine in Kansas.

Simmons First says Liberty Bancshares is the 10th largest bank by assets headquartered in Missouri. It has 23 locations in the southwestern part of the state.

 

 

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