Simmons First Trust Co. Acquires Talbot Capital Management

Simmons First Trust Co. announced it has entered into a definitive asset purchase agreement with Talbot Capital Management, Inc. headquartered in Pine Bluff, Arkansas.

Terms of the deal were not disclosed.

George Talbot, Chartered Financial Analyst (CFA), has been an Arkansas investment professional since graduating from Vanderbilt University. Upon graduation, Talbot worked for a regional brokerage firm in Little Rock for seven years before returning home to Pine Bluff and joining the trust department of Simmons Bank where he worked for 15 years prior to forming Talbot Capital Management.

“We are pleased to welcome George Talbot back to the Simmons First Trust Company family and we look forward to the opportunity to serve the clients of Talbot Capital Management and provide them the same level of personal service that they have come to expect,” commented Joe W. Clement, III, President, Simmons First Trust Company.

“I am excited about the opportunity to rejoin the Simmons First Trust Company during this time of growth and expansion of the Simmons First franchise. I believe that this is an incredible opportunity not only for me, but also for the clients of Talbot Capital Management. The Simmons First core value of personal customer service is one of the same values that I modeled my business after in 1989.,” said Talbot.

Talbot Capital Management, Inc. was founded in Pine Bluff, Arkansas in 1989 and has grown to over $45 million in managed assets for individuals, endowment funds, foundations and profit-sharing plans.

Simmons First Trust Company, N.A. manages more than $2 billion in assets and is a subsidiary of Simmons Bank, a subsidiary of Pine Bluff-based Simmons First National Corp.