Simmons First National Corp. continued its aggressive growth strategy by making its fourth acquisition of a bank since 2012, and now its sights appear to be set on the Kansas City area.
Simmons First, the parent of Simmons First National Bank, based in Pine Bluff, Ark., spent $243.4 million to acquire Community First Bancshares in Union City, Tenn. The deal adds $1.9 billion in assets to the $5 billion Simmons has accumulated. Community First is one of Tennessee’s largest SBA lenders.
The acquisition…
Simmons First National Corp. continued its aggressive growth strategy by making its fourth acquisition of a bank since 2012, and now its sights appear to be set on the Kansas City area.
Simmons First, the parent of Simmons First National Bank, based in Pine Bluff, Ark., spent $243.4 million to acquire Community First Bancshares in Union City, Tenn. The deal adds $1.9 billion in assets to the $5 billion Simmons has accumulated. Community First is one of Tennessee’s largest SBA lenders.
The acquisition…