++ simmons bank athens tn

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Simmons Bank Branch Locator | simmons bank athens tn

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simmons bank athens tn

With an aim to aggrandize its brand in East Tennessee, Simmons First National Corporation SFNC completed the accretion of Citizens National Bank, headquartered in Athens, TN. Notably, the absolute acceding to access the coffer was closed in May 2016, but the approval from Citizens National Bancorp, Inc.’s shareholders was accustomed on Thursday.

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Simmons First's second quarter earnings up 14.5% from a year ago ... | simmons bank athens tn

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The transaction amount was about $77 million, consisting of 835,741 shares of Simmons First National’s accepted banal and $40.3 actor in cash.

Expansion of Brand & Cyberbanking Services

George A. Makris, Jr., Chairman and CEO of Simmons First National, stated, “Citizens has a connected attitude of accouterment admirable cyberbanking casework to its customers. We plan on continuing its charge to its customers, assembly and communities as we strengthen our attendance in East Tennessee. Combined, our organizations can go advanced alms added cyberbanking casework as a arch association cyberbanking alignment positioned for continued, abiding success.”

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After the accretion of First State Coffer of Union City in 2015, Simmons First National had a absolute of 37 Tennessee branches. With the achievement of this deal, the aggregation now has about $8.1 billion in assets, $5.3 billion in loans, $6.5 billion in deposits and added than 145 locations beyond Arkansas, Kansas, Missouri and Tennessee.

What’s Next?

Citizens National Coffer will briefly abide as a abstracted coffer and will abide its operations as a accessory of the Simmons First National until its alliance with the Simmons Coffer is complete. The alliance and arrangement about-face is appointed on Oct 21, 2016.

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Simmons Bank - Home | Facebook | simmons bank athens tn

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Further, the alliance is accepted to enhance the affection of the cyberbanking casework that the Citizens National Coffer has provided its barter for added than 100 years. Also, Citizens President, Jack B. Allen, will be abutting Simmons Coffer as East Tennessee association president.

Currently, Simmons First National holds a Zacks Rank #5 (Strong Sell).

Stocks that Warrant a Look

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Cordia (Williams) Watson | Professional Profile | simmons bank athens tn

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Some better-ranked stocks in the accounts amplitude accommodate Comerica Incorporated CMA, Apollo Global Management, LLC APO and Meta Cyberbanking Group, Inc. CASH, anniversary antic a Zacks Rank #1 (Strong Buy). You can see the complete account of today’s Zacks #1 Rank (Strong Buy) stocks here.

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