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Financial Advisor

Happy Bancshares, Inc.

$919 Million 09/15/2021 Depository Pending
Show Tombstone

Transaction Details

  • On September 15, 2021, Home BancShares (“HOMB”), the parent company of Centennial Bank, and Happy Bancshares (“Happy”), the parent company of Happy State Bank, jointly announced that they have entered into a definitive merger agreement
  • Under the terms of the definitive merger agreement, Happy shareholders will receive 2.17 shares of HOMB stock for each share of Happy stock
  • As of June 30, 2021, Happy reported total assets of $6.3 billion, total loans of $3.5 billion, and total deposits of $5.3 billion
  • Happy is the largest privately held Texas bank to sell in over 30 years
  • Following completion of the merger, branches located in Texas will be branded Happy State Bank, a division of Centennial Bank
  • The transaction is expected to close early in the first quarter of 2022

About the company

Home BancShares
Home BancShares operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Centennial Bank has branch locations in Arkansas, Florida, South Alabama and New York City. The Company’s common stock is traded through the NASDAQ Global Select Market under the symbol “HOMB.” The company was founded in 1998 and is headquartered in Conway, Arkansas. Visit www.homebancshares.com or www.my100bank.com for more information.

Happy Bancshares
Happy Bancshares operates as the bank holding company for Happy State Bank that offers a broad range of financial services and products through its current network of bank branches in communities across the Texas Panhandle, South Plains, Austin, Central Texas and the Dallas/Fort Worth Metroplex. Happy State Bank was founded in 1908 in Happy, Texas and today is headquartered in Amarillo, Texas. Visit www.HappyBank.com for more information.

Sources: Company Documents, S&P Global Market Intelligence and publicly available information.
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