What banks did Simmons Bank merge with?
In April 2019, the company acquired Reliance Bancshares, Inc. In July 2019, the company acquired Landmark Bank, Inc., a subsidiary of Landrum, the parent company, headquartered in Columbia, Missouri, for an estimated $434 million. The merger was finalized and marketing changes took place on February 18, 2020.
Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC), a Mid-South based financial holding company that has paid cash dividends for 114 consecutive years. Simmons Bank operates 231 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas.
– Simmons First National Corp. (NASDAQ: SFNC) (Simmons) announced today that it has completed the acquisition of Spirit of Texas Bancshares, Inc. (Spirit), the parent company of Spirit of Texas Bank SSB, based in Conroe, Texas, effective April 8, 2022.
As a result of the acquisition, Spirit of Texas Bank SSB was merged into Simmons, with Simmons Bank as the surviving institution.
Simmons acquired Reliance for $172 million. As part of the acquisition, Reliance Bank has been merged with Simmons Bank. As the surviving institution, Simmons now has roughly $17.6 billion in assets along with over 200 branches in Arkansas, Colorado, Illinois, Kansas, Missouri, Oklahoma, Tennessee and Texas.
It's first, Simmons First. In 1960 at an annual stakeholders meeting, our board voted to change the name of the institution from Simmons National Bank of Pine Bluff to Simmons First National Bank of Pine Bluff.
At Simmons Bank, security is a top priority. Whether you are banking in a branch or through our digital channels, Simmons has advanced systems and processes to protect you.
| Kroll Bond Rating Agency | |
|---|---|
| Subordinated Debt | BBB+ |
| Short-Term Deposit | K2 |
| Short-Term Debt | K2 |
| Long-Term Ratings | Stable |
Today, Simmons has over $27 billion in assets and employs more than 3,200 associates across six states.
In February 2015, the company acquired Liberty Bancshares and Community First Bancshares. In November 2015, the company acquired Ozark Trust and Investment Corp. In September 2016, the company acquired Citizens National Bank.
What is the legal name of Simmons Bank?
A five or six-digit North American Industry Classification System (NAICS) Code value that best describes the primary activity conducted by an entity.
As you might have heard, Spirit of Texas Bank is now Simmons Bank.
Yes, Simmons Bank is a legitimate bank that has FDIC insurance.
Over 100 years later, we still act like one. Meet the people, the numbers, and the dedication behind Simmons Bank —a bank that has never lost sight of our community bank heritage, or our commitment to relationship banking.
PROFILE | Bob Fehlman: As CEO of Simmons Bank, he relies on balance: don't overreact or underreact. As CEO of Simmons Bank, Bob Fehlman's career has been shaped by his upbringing.
At Simmons, "Banking on Our People" is more than just a slogan. It's the value we place on our talented, dedicated professionals. Simmons invests in our associates' success by empowering them to realize dreams – their own, our customers' and our communities'.
Simmons First National Corporation Completes Acquisitions and Conversions of Landmark Community Bank and Triumph Bancshares, Inc. - October 12, 2021.
Simmons Bank online and mobile banking provides many features to help you stay on top of your finances. To help you get familiar with the platform, we've created interactive video tutorials so you can explore without worry that you'll negatively impact your own account.
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
Which bank is most trustworthy?
- Ally Bank.
- Citizens Bank.
- Bank of the West.
- US Bank.
- SunTrust.
- Union Bank.
- Wells Fargo.
- HSBC.
Following one of the most successful years in United's long history, United Bank has been named the Most Trustworthy Bank in America by Newsweek for 2023.
- UMB Financial Corp Headquarters. 3,770. $1.7B.
- Commerce Bancshares Inc Headquarters. 4,680. $1.6B.
- Prosperity Bancshares Inc Headquarters. 3,633. $1.2B.
- Home BancShares Inc Headquarters. 2,774. $1.0B.
| Bank | The Ascent's Rating |
|---|---|
| American Express® National Bank | 4.50 |
| Quontic | 4.50 |
| Capital One | 4.50 |
| Chase | 4.50 |
The Simmons Bank Coin Checking Account has a $0 minimum opening deposit and monthly fee, and it has 2-day early direct deposit. Meanwhile, Regions Bank charges monthly service fees on its checking accounts and requires an initial deposit of at least $50.
