Home BancShares Inc. and Simmons First National Corp. cross the border with plans to conquer new Texas territories in hopes of boosting sagging loan production the two lenders have experienced over the past year and longer. Home is investing about $1 billion to buy an Amarillo-based bank and Simmons will spend $581 million to buy a Conroe lender.
"These are important deals for the growth of both banks moving forward," said Stephens Inc. banking analyst Matt Olney, who tracks both Arkansas banks as well as financial institutions across Texas.
Stephens Private Wealth Management Hires Senior Vice President and Financial Consultant Jason J. Fair