Simmons First Completes $66 Million Delta Trust Acquisition

Simmons First National Corp. says it has completed its $66 million merger with Delta Trust and Bank. The adoption of the merger agreement by the companies was previously announced in March.

Delta Trust shareholders approved the merger at a special shareholders’ meeting held on August 29, 2014, and the transaction was completed on August 31, 2014.

Delta Trust & Bank will temporarily remain a separate bank and continue its banking operations as a subsidiary of Simmons First National Corp. until the systems conversion into Simmons Bank, which is scheduled for completion Monday, October 27, 2014.

While the acquisition will not add a significant number of new branch locations, the Delta Trust deal will add new insurance and securities brokerage services to the Pine Bluff-based bank.

“We are excited about the blending of our 110-year history with the 104-year history of Delta Trust, allowing us to enhance the customer experience throughout the markets we serve,” said George Makris, Chairman and CEO of Simmons First. “This merger is another positive step for our organization and we are confident that it brings additional long-term benefits to our customers, associates, shareholders and the communities we serve.”