Simmons First parent to acquire Little Rock bank and trust company
03/25/2014 8:20 AM
03/25/2014 8:21 AM
The Arkansas holding company of Simmons First National Bank plans to acquire a company with a $431 million bank in Little Rock.
Simmons First National Corp. said it has entered into an agreement to acquire Delta Trust & Banking Corp. and its Delta Trust & Bank, which is based in Little Rock and operates nine offices.
Simmons First National said the deal, expected to close in the third quarter, is valued at $66 million.
The acquisition also includes Delta’s trust and broker-dealer operations. Delta has trust assets of $813 million, Simmons First National said in a news release.
The Pine Bluff -based bank holding company operates two Simmons First National Bank branches in Wichita.
Join the Discussion
The Wichita Eagle is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.