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Centennial Bank names Carter regional president

By Gavin Lesnick

This article was published July 9, 2013 at 8:38 a.m.

Rep. Davy Carter, R-Cabot, House Speaker designate, answers a reporter's question during a meeting of Arkansas Associated Press Managing Editors at th...

Centennial Bank has named Davy Carter its regional president responsible for overseeing the acquisition of Liberty Bank.

Conway-based Home BancShares, which owns Centennial Bank, reached an agreement last month to buy Liberty for $250 million in stock and $30 million in cash, creating a holding company with more than $7 billion in assets.

Carter, the Republican speaker of the Arkansas House of Representatives, opted not to run for governor and instead rejoined Centennial as an executive vice president. He had left the bank earlier this year.

"We were grateful Davy returned to our corporate family a few months ago," Centennial CEO Randy Sims said in a statement. "This will be the perfect opportunity for Davy and the bank."

Home BancShares will become the second-largest financial institution in Arkansas after the acquisition of Liberty is complete.

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Displaying 1 - 2 of 2 total comments

StevenBlackwood says... July 9, 2013 at 2:16 p.m.

Congratulations to Centennial Bank for securing this Top Shelf gentleman. Clearly a win-win for both Davy Carter and Centennial Bank with their recent acquisition of Liberty Bank. I certainly hope to see Davy return to politics and serve the people of Arkansas again at some point.

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RBBrittain says... July 9, 2013 at 3:18 p.m.

Umm, the last I checked Davy Carter is *STILL* in politics. He is still a state representative *AND* speaker of the House thru January 31, 2014. In fact, he still has at least one more legislative session ahead of him (the 2014 fiscal session).

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