Subscribe Register Login

Monday, September 01, 2014, 7:36 p.m.
Top Picks - Capture Arkansas

Simmons First announces $66 million merger with Delta Trust

By ArkansasOnline

This article was published March 24, 2014 at 4:24 p.m.

— Pine Bluff-based Simmons First National Corp. announced Monday that it will be acquiring Delta Trust & Banking Corp., which is headquartered in Little Rock.

A Simmons First news release states that the company will acquire all of the outstanding common stock of Delta Trust in a transaction valued at approximately $66 million.

The transaction is expected to occur in the third quarter and is subject to certain closing conditions, including Delta Trust shareholder and customary regulatory approvals.

Delta Trust will merge with Simmons First after the transaction.

In the fourth quarter, Simmons First anticipates merging Delta Trust & Bank into Simmons First National Bank, according to the release.

Read Tuesday's Arkansas Democrat-Gazette for more on this story.

Comments on: Simmons First announces $66 million merger with Delta Trust

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Development director

    University of Arkansas at Little Rock klre/kuarualr Public R...
    LITTLE ROCK, AR

  • Financial assistant

    Arkansas Health Group APRN or PA Baptist Health On-Site - 8a...
    Little Rock, AR

  • Terrestrial ecologst

    Terrestrial EcologistThe Nature Conservancy (TNC) is seeking...
    LITTLE ROCK, AR

  • Ndt engineer

    Welspun Pipes, IncPosition: Responsibilities: Perform/overse...
    LITTLE ROCK, AR

  • Dietary assistant

    dietary assistantlocal retirement center seeking dependable ...
    LITTLE ROCK, AR

Search 914 jobs >

Top Picks - Capture Arkansas
Arkansas Online