Local & Regional News
9:30 am
Wed May 28, 2014

Arkansas-Based Simmons First To Buy Liberty Bank

Pine Bluff-based Simmons First National Corporation has announced that it is buying Springfield, Missouri-based Liberty Bancshares in an all-stock transaction valued at more than $206 million.

The deal is expected to close in the fourth quarter and is subject to approval by shareholders.

Through the end of March, Liberty had assets of $1.1 billion, loans of $811 million and deposits of $885 million.

Simmons First Chairman and CEO George A. Makris says Liberty's expertise in small business lending will enhance commercial offerings. Liberty Chairman and CEO Gary Metzger called the merger a "win, win, win situation."

It's the latest in a string of accusitions by Simmons First, which has been growing over the last year.