Morris State Bancshares, Inc. | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor

Morris State Bancshares, Inc.

$23.6 Million 12/12/2018 Depository Complete
Lead Banker: Brian Branson
Show Tombstone

Transaction Details

  • On December 12, 2018, Morris State Bancshares, Inc. (“Morris”), parent company of Morris Bank, and FMB Equibanc, Inc. (“FMB”), parent company of Farmers & Merchants Bank, announced the signing of a definitive agreement providing for the merger of FMB with and into Morris
  • Based on September 30, 2018 results, the combined bank will have total assets of approximately $925 million with $725 million in loans and $800 million in deposits
  • Transaction is valued at $23.6 million in the aggregate based upon a valuation of FMB at $9.25 per share
  • Each share of FMB issued and outstanding will receive shares of Morris stock, cash or combination thereof
  • The transaction is expected to close in Q2’ 19
Sources: Company Filings, S&P Global Market Intelligence and publicly available information.
  1. Note: Financial data as of September 30, 2018.

    This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.