Simmons Bank

Simmons Bank Announces "Game Changing" Support for Female Student-Athletes with Multi-University Sponsorship of Women's Athletics

Retrieved on: 
Thursday, December 16, 2021

In Nashville, Simmons Bank is the title sponsor of the PGA TOUR's Korn Ferry Tour event the Simmons Bank Open for the Snedeker Foundation .

Key Points: 
  • In Nashville, Simmons Bank is the title sponsor of the PGA TOUR's Korn Ferry Tour event the Simmons Bank Open for the Snedeker Foundation .
  • In Arkansas, the bank is the signature sponsor of Simmons Bank Arena in Little Rock, and Simmons Bank Field and Simmons Bank Pavilion at the University of Arkansas at Pine Bluff.
  • The relationship with Simmons Bank was secured by Simmons Bank and the University of Arkansas Pine Bluff and the University of Central Arkansas, respectively.
  • Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC), a Mid-South based financial holding company.

Simmons Bank and Urban League of Metropolitan St. Louis Announce Agreement to Establish New Full-Service Bank Branch

Retrieved on: 
Wednesday, December 15, 2021

ST. LOUIS, Dec. 15, 2021 /PRNewswire/ -- Simmons Bank and the Urban League of Metropolitan Saint Louis, Inc. (ULSTL) announced today the signing of a lease agreement that will establish a new full-service Simmons Bank branch on the first floor at the ULSTL headquarters.

Key Points: 
  • ST. LOUIS, Dec. 15, 2021 /PRNewswire/ -- Simmons Bank and the Urban League of Metropolitan Saint Louis, Inc. (ULSTL) announced today the signing of a lease agreement that will establish a new full-service Simmons Bank branch on the first floor at the ULSTL headquarters.
  • "Simmons Bank is proud to partner with the Urban League of Metropolitan Saint Louis to further support our shared vision of empowering individuals and creating economic opportunity," said Allan Ivie, president of community affairs for Missouri at Simmons Bank.
  • Simmons Bank will play a key role in these efforts by providing needed depository, lending and other financial services to the community."
  • Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC, a Mid-South based financial holding company.

Simmons First National Corporation Issues Supplemental Information Regarding Acquisition of Spirit of Texas Bancshares, Inc.

Retrieved on: 
Thursday, December 2, 2021

Changes in any of these assumptions will result in changes in the exchange ratio.

Key Points: 
  • Changes in any of these assumptions will result in changes in the exchange ratio.
  • Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company whose principal subsidiary, Simmons Bank, operates more than 200 financial centers in Arkansas, Missouri, Tennessee, Texas, Oklahoma and Kansas.
  • Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach.
  • Additional information about Simmons and Simmons Bank can be found on our website at simmonsbank.com , by following @Simmons_Bank on Twitter or by visiting our newsroom .

Simmons First National Corporation and Spirit of Texas Bancshares, Inc. Announce Intent to Merge

Retrieved on: 
Friday, November 19, 2021

The Proposed Transaction is estimated to be accretive to Simmons earnings per share by approximately $0.22 per share (9.8 percent) in 2023.

Key Points: 
  • The Proposed Transaction is estimated to be accretive to Simmons earnings per share by approximately $0.22 per share (9.8 percent) in 2023.
  • The estimated transaction returns are consistent with Simmons stated acquisition criteria pertaining to tangible book value and targeted internal rates of return.
  • Keefe, Bruyette & Woods, A Stifel Company served as financial advisor to Simmons, and Covington & Burling LLP served as Simmons legal advisor.
  • Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company whose principal subsidiary, Simmons Bank, operates more than 200 financial centers in Arkansas, Missouri, Tennessee, Texas, Oklahoma and Kansas.

Hugoton Royalty Trust Declares No November Cash Distribution

Retrieved on: 
Friday, November 19, 2021

DALLAS, Nov. 19, 2021 /PRNewswire/ -- Simmons Bank, as Trustee of the Hugoton Royalty Trust (OTCQB:HGTXU) (the "Trust"), today declared there would not be a cash distribution to the holders of its units of beneficial interest for November 2021 due to the excess cost positions on all three of the Trust's conveyances of net profits interests. The following table shows underlying gas sales and average prices attributable to the net overriding royalty for both the current month and prior month. Underlying gas sales volumes attributable to the current month were primarily produced in September.

Key Points: 
  • Because
    of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • The expense reserve used to pay administrative expenses in the absence of current month distributions was depleted in October 2020.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

The Gladys Foundation Hosts First Annual Topgolf Fundraiser

Retrieved on: 
Tuesday, November 2, 2021

COLLEYVILLE, Texas, Nov. 2, 2021 /PRNewswire/ --On October 19th, The Gladys Foundation hosted over 100 people for its first annual Topgolf Fundraiser Event.

Key Points: 
  • COLLEYVILLE, Texas, Nov. 2, 2021 /PRNewswire/ --On October 19th, The Gladys Foundation hosted over 100 people for its first annual Topgolf Fundraiser Event.
  • This year The Gladys Foundation has provided over 600 north Texas children with school supplies, $10,000 in scholarships, and over 350 volunteer hours throughout the north Texas community.
  • The namesake of The Gladys Foundation is Gladys Morrison.
  • Taylor Morrison, President of the Gladys Foundation, said "at the heart of The Gladys Foundation is the desire to help people when they need it most.

Simmons First National Corporation Declares $0.18 Per Share Dividend

Retrieved on: 
Thursday, October 28, 2021

The cash dividend rate represents an increase of $0.01 per share, or 6 percent, from the dividend paid for the same time period last year.

Key Points: 
  • The cash dividend rate represents an increase of $0.01 per share, or 6 percent, from the dividend paid for the same time period last year.
  • Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company whose principal subsidiary, Simmons Bank, operates approximately 200 financial centers in Arkansas, Missouri, Tennessee, Texas, Oklahoma and Kansas.
  • Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach.
  • Additional information about Simmons and Simmons Bank can be found on our website at simmonsbank.com , by following @Simmons_Bank on Twitter or by visiting our newsroom .

Hugoton Royalty Trust Declares No October Cash Distribution

Retrieved on: 
Tuesday, October 19, 2021

Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.

Key Points: 
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • The expense reserve used to pay administrative expenses in the absence of current month distributions was depleted in October 2020.
  • As a result, Simmons Bank, the Trustee, is currently paying the expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

Simmons First National Corporation Completes Acquisitions and Conversions of Landmark Community Bank and Triumph Bancshares, Inc.

Retrieved on: 
Tuesday, October 12, 2021

As a result of the acquisitions, Landmark and Triumph Bank were individually merged into Simmons Bank (the subsidiary bank of Simmons), with Simmons Bank as the surviving institution.

Key Points: 
  • As a result of the acquisitions, Landmark and Triumph Bank were individually merged into Simmons Bank (the subsidiary bank of Simmons), with Simmons Bank as the surviving institution.
  • Conversion of technology systems and customer accounts for both Landmark and Triumph Bank were simultaneously completed over the Columbus Day holiday weekend, with former Landmark and Triumph Bank branches opening under the Simmons Bank name on Tuesday, October 12.
  • Based on FDIC deposit market share data as of June 30, 2021, prior to the Landmark and Triumph acquisitions, Simmons Bank ranked as the 11th largest bank in Tennessee.
  • Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company whose principal subsidiary, Simmons Bank, operates approximately 200 financial centers in Arkansas, Missouri, Tennessee, Texas, Oklahoma and Kansas.

Simmons First National Corporation Announces Third Quarter 2021 Earnings Release Date and Conference Call

Retrieved on: 
Wednesday, September 29, 2021

PINE BLUFF, Ark., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Simmons First National Corp. (NASDAQ: SFNC) today announced it expects to release third quarter 2021 earnings prior to the market opening on Tuesday, October 26, 2021.

Key Points: 
  • PINE BLUFF, Ark., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Simmons First National Corp. (NASDAQ: SFNC) today announced it expects to release third quarter 2021 earnings prior to the market opening on Tuesday, October 26, 2021.
  • Management will conduct a live conference call to review this information beginning at 9:00 a.m. CDT on Tuesday, October 26.
  • Interested parties can listen to the call by dialing toll-free 1-866-298-7926 (United States and Canada only) and asking for the Simmons First National Corp. conference call, conference ID 6606988.
  • Additional information about Simmons Bank can be found on our website at simmonsbank.com , by following @Simmons_Bank on Twitter or by visiting our newsroom .