Is Simmons Bank a strong bank? (2024)

Is Simmons Bank a strong bank?

Simmons Bank is headquartered in PINE BLUFF and is the 3^rd largest bank in the state of Arkansas. It is also the 78^th largest bank in the nation. It was established in 1903 and as of December of 2023, it had grown to 2,989 employees at 250 locations. Simmons Bank has an A health rating.

Is Simmons Bank a safe Bank?

Simmons Bank is FDIC insured. You can safely keep up to $250,000 in an individual account or $500,000 in a joint bank account.

Is Simmons a big Bank?

Today, Simmons has over $27 billion in assets and employs more than 3,200 associates across six states.

What Bank owns Simmons Bank?

About Simmons Bank

Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC), a Mid-South based financial holding company.

Which Bank is most trustworthy?

What rank is Simmons Bank?

Simmons Bank is headquartered in PINE BLUFF and is the 3^rd largest bank in the state of Arkansas. It is also the 78^th largest bank in the nation. It was established in 1903 and as of December of 2023, it had grown to 2,989 employees at 250 locations. Simmons Bank has an A health rating.

Is Simmons Bank insured?

FDIC-insured

Simmons Bank CD accounts are insured up to the allowable limits of the FDIC.

What is Simmons Bank known for?

The bank was founded by physician Dr. John Franklin Simmons in Pine Bluff, Arkansas in 1903. In 1933, during the Great Depression, it was one of the first Arkansas banks to reopen after the federally imposed “bank holiday”. In 1967, the bank was the first in Arkansas to offer a credit card.

What is the #1 bank in America?

Is Simmons Bank a federal bank?

Simmons Bank is a member bank of the Federal Reserve System through the Federal Reserve Bank of St. Louis.

Did Spirit of Texas bank merge with Simmons Bank?

As a result of the acquisition, Spirit of Texas Bank SSB was merged into Simmons, with Simmons Bank as the surviving institution.

Who did Simmons Bank buyout?

– Simmons First National Corp. (NASDAQ: SFNC) (Simmons) announced today that it has completed the acquisition of Spirit of Texas Bancshares, Inc. (Spirit), the parent company of Spirit of Texas Bank SSB, based in Conroe, Texas, effective April 8, 2022.

What is the legal name of Simmons Bank?

Simmons Bank is the main subsidiary bank of Simmons First National Corporation (NASDAQ: SFNC), one of the largest publicly traded financial holding companies based in the region with nearly $25 billion in assets (as of December 31, 2021).

Which banks are rated AAA?

What is the hardest bank to get into?

Goldman Sachs is often cited as the hardest investment bank to get into, due to its prestigious reputation, highly competitive hiring process, and rigorous standards for candidates in terms of experience, education, and skills.

What bank is the most honest?

Following one of the most successful years in United's long history, United Bank has been named the Most Trustworthy Bank in America by Newsweek for 2023.

How big is Simmons Bank?

We were born 120 years ago in a small town called Pine Bluff, Arkansas. We've grown from a single, Main Street branch with first day deposits of just over $3,000, to a publicly traded corporation with over $27 billion in assets - employing more than 3,200 associates across six states.

How many people can Simmons Bank hold?

Simmons Bank Arena is an 18,000 seat multi-purpose arena in North Little Rock. It opened in 1999 and is considered the crown jewel of Little Rock's River Market.

What is the ratio of Simmons Bank to Texas?

Simmons Bank has a Texas Ratio of 7.29%, which puts it in the “very good” category as far as reliability goes.

Can you overdraft Simmons Bank?

We authorize and pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

How much does it cost to open a bank account with Simmons?

The Simmons Bank Coin Checking Account has a $0 minimum opening deposit and monthly fee, and it has 2-day early direct deposit. Meanwhile, Regions Bank charges monthly service fees on its checking accounts and requires an initial deposit of at least $50.

Does Simmons Bank charge for a savings account?

Saving made simple:

Open with a minimum balance of $100. Maintain a $100 minimum daily balance to waive $5 monthly service charge. Enroll in eStatements to waive a $3 monthly paper statement fee.

How much is Simmons Bank overdraft?

If we pay an item that results in an overdraft on your account based on the applicable available balance (including a second or subsequent request for payment), we may charge a Paid Item/Overdraft Fee of $36.00 per occurrence.

Does Simmons Bank have direct deposit?

Direct deposit provides convenient and efficient access to funds automatically. Ensure your new Simmons Bank account is setup to receive direct deposit from your employer, retirement plan or other sources of income.

What is the slogan of Simmons Bank?

At Simmons, "Banking on Our People" is more than just a slogan.