AR-based Simmons First to buy MO-based Liberty Bank - KAIT-Jonesboro, AR-News, weather, sports

AR-based Simmons First to buy MO-based Liberty Bank

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(Source: Simmons First National Corporation) (Source: Simmons First National Corporation)

PINE BLUFF, AR (AP) - 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."

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