Financial Advisor
Southern Bancorp, Inc.
M&A Advisory
Has Acquired
Transaction Details
- On January 21, 2021, Southern Bancorp, Inc. (“Southern”) announced it has entered into a merger agreement to acquire DeWitt First Bankshares Corporation (“DeWitt”) and its wholly owned subsidiary, Arkansas County Bank
- The acquisition will increase the number of Southern locations across Arkansas and Mississippi to 52
- The acquisition is expected to close in the second quarter of 2021
Sources: Company Documents, S&P Global Market Intelligence and publicly available information.
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(1) Reflects bank level financials as of 9/30/2020.
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“Stephens” (the company brand name) is a leading family-owned investment firm comprising the businesses of investment banking, advisory, sales and trading, research, insurance and wealth management. Founded in 1933, Stephens’ US operations are headquartered in Little Rock, AR, with additional locations in strategic domestic markets and a European presence in England and Germany. Stephens is committed to building long-term value for corporations, state and local governments, financial institutions, and institutional and individual investors. Stephens’ affiliates include (among others): Stephens Inc. (offers securities products; member NYSE SIPC), Stephens Investment Management Group, Stephens Insurance, LLC, Stephens Capital Partners LLC, and Stephens Europe Limited. © 2022 Stephens. For more information, visit www.stephens.com. Stephens Inc. is regulated by the United States Securities and Exchange Commission and the Financial Industry Regulatory Authority (Home Office: 111 Center Street, Little Rock, AR USA, 501-377-2000) and Stephens Europe Limited is authorized and regulated by the Financial Conduct Authority (Registered office 12 Arthur Street, London, EC4R 9AB, Registered number 8817024).