What bank did Simmons Bank take over? (2024)

What bank did Simmons Bank take over?

Simmons Completes Acquisition of Citizens National Bank.

What banks did Simmons Bank merge with?

In April 2019, the company acquired Reliance Bancshares, Inc. In July 2019, the company acquired Landmark Bank, Inc., a subsidiary of Landrum, the parent company, headquartered in Columbia, Missouri, for an estimated $434 million. The merger was finalized and marketing changes took place on February 18, 2020.

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.

What was Simmons Bank before?

Over 100 years later, we still act like one. Meet the people, the numbers, and the dedication behind Simmons Bank —a bank that has never lost sight of our community bank heritage, or our commitment to relationship banking.

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.

What is the official name of Simmons Bank?

1903

On the corner of 2^nd Avenue and Main Street in Pine Bluff, Arkansas, we were founded by physician Dr. John Franklin Simmons. We opened the doors to Simmons National Bank for the first time with four associates.

Did Simmons Bank buy Citizens Bank?

Citizens National Bank will temporarily remain a separate bank and continue its operations as a subsidiary of Simmons First National Corporation until it is merged into Simmons Bank.

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.

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 a federal bank?

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

Is Simmons a big bank?

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

Is Simmons Bank FDIC insured?

FDIC-insured

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

What states have Simmons Bank?

What is Spirit of Texas Bank new name?

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

What happened to Spirit of Texas Bank?

As you might have heard, Spirit of Texas Bank is now Simmons Bank.

Who is the current CEO of Simmons Bank?

As CEO of Simmons Bank, Bob Fehlman's career has been shaped by his upbringing. In work and life he relies on balance: Don't overreact or underreact.

What is the slogan of Simmons Bank?

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

How do I check my Simmons Bank account?

24-Hour Telephone Banking

Call 877-245-1234 for deposits and loans, or 800-272-2102 for credit cards to access your account any time.

Is Citizens Bank owned by African Americans?

Citizens Trust Company became the first African-American owned bank in the United States to become a member of the Federal Deposit Insurance Corporation (FDIC).

Who runs Citizens Bank?

Bruce Van Saun is Chairman and Chief Executive Officer of Citizens Financial Group, Inc.

Who did Bank of America buy out?

As the global financial crisis emerged in 2008, numerous institutions began to struggle, notably Countrywide Financial, the largest American mortgage lender, and Merrill Lynch & Co., Inc. That year Bank of America bought both companies, and the acquisitions proved costly.

What is the safest bank to keep your money in?

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

What is the most trusted bank in us?

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.

Can I trust my bank?

Most deposits in banks are insured dollar-for-dollar by the Federal Deposit Insurance Corp. This insurance covers your principal and any interest you're owed through the date of your bank's default up to $250,000 in combined total balances.

How many locations does Simmons Bank have?

Simmons Bank has 200 locations and employs 2,800 associates across our six-state footprint.