Simmons First National Corp. of Pine Bluff announced Tuesday that Bank SNB, its subsidiary bank headquartered in Stillwater, Oklahoma, has merged with and into Simmons’ lead subsidiary bank, Simmons Bank of Pine Bluff.
Simmons acquired Bank SNB last year as a result of its merger with Bank SNB’s former parent company, $2.6 billion-asset Southwest Bancorp Inc. That was one of two deals that allowed Simmons to surpass $10 billion in assets.
As of March 31, Simmons had about $15.6 billion in assets. With the completion of the merger of Bank SNB, Simmons Bank now employs nearly 2,700 people at about 200 locations across Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.
The merger of Bank SNB into Simmons Bank marks the final step in integrating the institutions.
“Today serves as another great milestone for our company and our customers,” George Makris Jr., chairman and CEO of Simmons First National Corp., said in a news release. “Our expanded team means more locations, more lending power, and, most importantly, more opportunities to serve our customers and communities.”
“This is a historical event for our company and our customers,” Mark Funke, Simmons Bank southwest division president and formerly Bank SNB’s CEO, said in the release. “Together, we offer new and enhanced products and services, a broad and complimentary geographic footprint, a strong and stable financial condition, and a focused path to continued growth.”
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