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Simmons First National Corp.

Simmons First National Corp. of Pine Bluff is a financial holding company whose eight banks conduct financial operations from more than 80 offices in more than 40 communities in Arkansas, Missouri and Kansas.

The company is led by J. Thomas "Tommy" May, chairman and CEO. May was a protege of former CEO Louis Ramsay, who began taking May under his wing in 1976. May became president in 1987. At the time, the company had asset of $527 million.

Since then, the corporation has grown to about $3 billion in assets. Under May's leadership, the bank gained national recognition as a major provider of credit card services. Soon, Simmons was a successful statewide network of community-oriented banks and a respected, publicly traded institution.

May has been corporate chairman and lead bank chairman and CEO since 1996. Like other Arkansas banks, Simmons has made FDIC-assisted acquisitions to grow the company beyond Arkansas’ borders, most recently in Kansas.

May has been a vocal critic of the government’s move to restructure the student loan business, which effectively removed community banks from the business.

Related News

Simmons First 1Q Profit Down 27 Percent

Simmons First National Corp. of Pine Bluff on Thursday reported a 27 percent decline in first-quarter profit but said "core earnings," which exclude one-time costs related to its purchase of Metropolitan National Bank of Little Rock, rose compared to the same quarter last year. read more >

Simmons Name Appears on Arkansas' Tallest Building

The new logo of Simmons First National Bank appeared over the weekend on the south side of Little Rock's tallest building, an installation timed specifically so that a photo of the high-profile branding could be shown at the Simmons First National Corp. annual shareholders meeting. read more >

Ex-Arvest Banker Dennis Smiley Draws Criminal Scrutiny

An apparent loan fraud scheme that imploded in northwest Arkansas has drawn a criminal investigation, and lawsuits have also started to flow. In the middle of it all is H. Dennis Smiley Jr. of Rogers, who resigned March 13 as CEO of Arvest Bank's operations in Benton County. read more >

Arvest Bank Files to Turn Over $552K In Dennis Smiley Money

Arvest Bank tells the Benton County Circuit Court that it's holding nearly $552,000 in stock option proceeds and stock plan checks to H. Dennis Smiley Jr., a former bank executive who's under a federal criminal investigation for bank fraud. read more >

Former Arvest Officer Dennis Smiley Under Investigation for Loan Fraud

H. Dennis Smiley Jr., the former CEO of Arvest Bank's operations in Benton County, is the subject of a federal criminal investigation for loan fraud. read more >

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

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. read more >

Simmons First to Buy Delta Trust for $66M

Simmons First National Corp. of Pine Bluff is buying privately held Delta Trust & Banking Corp. of Little Rock, the pair announced Monday. Simmons CEO George Makris says the $66 million deal will allow it to expand its Simmons Trust services. read more >

Simmons First Execs See Compensation Boosts

Three of the five top executives at Simmons First National Corp. enjoyed double-digit gains in their compensation packages during 2013. read more >

Community First Bancshares Exits TARP In the Black

The U.S. Treasury ended up with nearly $3.7 million more than it “loaned” to Community First Bancshares Inc. of Harrison. The $12.7 million that Uncle Sam invested in Community First was accomplished with preferred stock and warrants issued through the Capital Purchase Program. read more >

Updated: Winner, Loser in Simmons Charters Consolidation

Last week's news that Simmons First National Corp. will be collapsing its six smaller charters into its flagship Pine Bluff bank was surprising only in that it took so long. read more >

Simmons First Announces Plans to Combine Bank Charters

Simmons First National Corp. of Pine Bluff says it will collapse its six state bank charters into its flagship Pine Bluff charter, Simmons First National Bank. The company expects the move save money and increase efficiency. read more >

Simmons First Promotes Kish Ivey as Senior Vice President (Movers & Shakers)

Kish Ivey was recently promoted to senior vice president at Simmons First National Corp. in Pine Bluff. Ivey has more than six years of experience with Simmons and previously held the position of compliance manager for Simmons First National Bank. read more >

Judge To Rule On Rogers Bancshares Liquidation Plan in March

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Execs Quiet on Rumors of Simmons First Buying Delta Trust

Banking sources say Delta Trust & Banking Corp. of Little Rock is in the process of selling. The would-be buyer? Simmons First National Corp. of Pine Bluff. Two sources say the price is $63 million -- 1.5 times book value. read more >

New Name in the Works for Metropolitan National Bank Tower

The tallest building in Arkansas will be getting a new name once Simmons First National Corp. successfully integrates Metropolitan Bank properties. read more >

Update: Bank of the Ozarks to Buy Summit Bancorp for $216M

Bank of the Ozarks Inc. of Little Rock announces a $216 million deal to buy Summit Bancorp Inc. of Arkadelphia, continuing a streak of Arkansas bank mergers that began last year. The deal will also be the second big bank transaction for Summit CEO Ross Whipple, who sold Horizon Bancorp Inc. in 1998 for 3.2 times book value. read more >

UA Business Hall of Fame 2014: Stanley E. Reed

In a life dedicated to his family and his farm, Stanley E. Reed also managed to serve his fellow farmers of Arkansas, his state, his country and the world. Many forces pulled at him — practicing law, public service — but the pull that always had a hold on him and the one that won out was the pull to be a dirt-under-his-fingernails farmer. Reed, who died July 15, 2011, became that while managing to also be much more. read more >

Bank OREO Adds Up In Washington County

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Metropolitan Merger Expense Weighs On Simmons First Earnings

Simmons First National Corp. of Pine Bluff reports a decline in year-over-year fourth-quarter profit. But without one-time expenses related to its Metropolitan Bank merger, core earnings were up 7 percent. read more >

From Allens to Rogers Bancshares, Bankrupt Firms Still Entice Buyers

Businesses have been buying businesses out of bankruptcy for years and the trend should continue, said Michael Stewart, a partner in Faegre Baker Daniels LLP of Minneapolis, a 750-attorney law firm that focuses on financial restructuring services. read more >