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TEXAS BANKING NEWS, PEOPLE AND IDEAS

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TEXAS BANKING NEWS, PEOPLE AND IDEAS

News

Home BancShares Receives State Approval for Merger with Happy Bancshares

December 17, 2021

On December 16, Home BancShares Inc., the parent company of Conway, Arkansas-based Centennial Bank, announced that it has received approval from the Arkansas State Banking Board and the Arkansas State bank commissioner of its applications for the previously announced merger with Happy Bancshares Inc., the parent company of Amarillo-based Happy State Bank.

On December 15, the shareholders of Home BancShares voted to approve the issuance of common stock in the acquisition of Happy Bancshares. In addition, the shareholders of Happy voted to approve the agreement and plan of merger. The acquisition is expected to close in the first quarter of 2022

Under the terms of the agreement, Happy Bancshares shareholders, upon closing of the merger, will receive 2.17 shares of Home BancShares stock for each share of Happy Bancshares they own and will be entitled to begin receiving quarterly dividends declared by Home BancShares. Based on a volume-weighted average closing price per share of Home BancShares stock of $24.05 during the 20-trading-day period ending on November 1, the per-share consideration value is $52.19 and the aggregate transaction value is approximately $1.02 billion.

Established in 1908 in Happy, Texas, Happy State Bank serves communities across the Texas Panhandle, South Plains, Austin, Central Texas and the Dallas/Fort Worth metroplex with more than 60 locations. Established in 1903, Centennial Bank operates more than 160 branches in Arkansas, Florida, South Alabama and New York City.

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VeraBank Opens New Branch in Leander

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

News

Home BancShares Receives State Approval for Merger with Happy Bancshares

December 17, 2021

On December 16, Home BancShares Inc., the parent company of Conway, Arkansas-based Centennial Bank, announced that it has received approval from the Arkansas State Banking Board and the Arkansas State bank commissioner of its applications for the previously announced merger with Happy Bancshares Inc., the parent company of Amarillo-based Happy State Bank.

On December 15, the shareholders of Home BancShares voted to approve the issuance of common stock in the acquisition of Happy Bancshares. In addition, the shareholders of Happy voted to approve the agreement and plan of merger. The acquisition is expected to close in the first quarter of 2022

Under the terms of the agreement, Happy Bancshares shareholders, upon closing of the merger, will receive 2.17 shares of Home BancShares stock for each share of Happy Bancshares they own and will be entitled to begin receiving quarterly dividends declared by Home BancShares. Based on a volume-weighted average closing price per share of Home BancShares stock of $24.05 during the 20-trading-day period ending on November 1, the per-share consideration value is $52.19 and the aggregate transaction value is approximately $1.02 billion.

Established in 1908 in Happy, Texas, Happy State Bank serves communities across the Texas Panhandle, South Plains, Austin, Central Texas and the Dallas/Fort Worth metroplex with more than 60 locations. Established in 1903, Centennial Bank operates more than 160 branches in Arkansas, Florida, South Alabama and New York City.

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Previous Bridges Tapped to Lead Comerica Inc.’s New Office of Corporate Responsibility Next November 28–December 4, 2021

MORE News

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Independent Financial Returns as an Official Sponsor for the 2022 AT&T Byron Nelson

Texas Bankers Hall of Fame Inducts Dreibelbis, Greer, Hoskins, Morgan and Rigby at 2022 Gala

VeraBank Opens New Branch in Leander

Texas Banking Commissioner Approves De Novo Charter for Texas Traditions Bank

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

News

Home BancShares Receives State Approval for Merger with Happy Bancshares

December 17, 2021

On December 16, Home BancShares Inc., the parent company of Conway, Arkansas-based Centennial Bank, announced that it has received approval from the Arkansas State Banking Board and the Arkansas State bank commissioner of its applications for the previously announced merger with Happy Bancshares Inc., the parent company of Amarillo-based Happy State Bank.

On December 15, the shareholders of Home BancShares voted to approve the issuance of common stock in the acquisition of Happy Bancshares. In addition, the shareholders of Happy voted to approve the agreement and plan of merger. The acquisition is expected to close in the first quarter of 2022

Under the terms of the agreement, Happy Bancshares shareholders, upon closing of the merger, will receive 2.17 shares of Home BancShares stock for each share of Happy Bancshares they own and will be entitled to begin receiving quarterly dividends declared by Home BancShares. Based on a volume-weighted average closing price per share of Home BancShares stock of $24.05 during the 20-trading-day period ending on November 1, the per-share consideration value is $52.19 and the aggregate transaction value is approximately $1.02 billion.

Established in 1908 in Happy, Texas, Happy State Bank serves communities across the Texas Panhandle, South Plains, Austin, Central Texas and the Dallas/Fort Worth metroplex with more than 60 locations. Established in 1903, Centennial Bank operates more than 160 branches in Arkansas, Florida, South Alabama and New York City.

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Independent Financial Returns as an Official Sponsor for the 2022 AT&T Byron Nelson

Texas Bankers Hall of Fame Inducts Dreibelbis, Greer, Hoskins, Morgan and Rigby at 2022 Gala

VeraBank Opens New Branch in Leander

Texas Banking Commissioner Approves De Novo Charter for Texas Traditions Bank

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

Search

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

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© 2022 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas

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© 2022 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas

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© 2022 Bankers Digest—
Published by IBAT Marketing Inc.,
a SUBSIDIARY of the Independent Bankers Association of Texas