Home BancShares closes on Mountain Commerce acquisition

Home BancShares, Inc., parent company of Centennial Bank announced it has completed its previously announced acquisition of Mountain Commerce Bancorp, Inc. (MCBI), parent company of Mountain Commerce Bank.

The acquisition was completed through a series of mergers resulting in Mountain Commerce merging into Home BancShares and Mountain Commerce Bank merging into Centennial. The acquisition is effective April 1, 2026.

As of December 31, 2025, MCBI had approximately $1.77 billion in total assets, $1.49 billion in loans, and $1.54 billion in deposits.

With the completion of the acquisition, the company now operates 78 branches in Florida, 75 branches in Arkansas, 59 branches in Texas, eight branches in Tennessee, five branches in South Alabama and one branch in New York City.

“The swift completion of the acquisition of Mountain Commerce Bank is a testament to the new M&A environment which allowed HOMB and MCBI to quickly move forward in the great state of Tennessee as a combined company, focused on the financial needs, wants and desires of the people in the Volunteer State,” said John Allison, Chairman, and Chief Executive Officer of Home BancShares.

“Centennial Bank welcomes the customers, talented team of bankers and shareholders of Mountain Commerce Bank and looks forward to the added value this merger will bring to our franchise,” said Stephen Tipton, Chief Executive Officer of Centennial Bank. “We look forward to expanding on the great banking performance that MCBI and Bill Edwards have created.”

Under the terms of the definitive merger agreement, Home will issue approximately 5.4 million shares of its common stock, valued at approximately $146 million as of April 1, 2026, with Mountain Commerce shareholders receiving 0.85 shares of Home common stock for each share of Mountain Commerce common stock they own at closing along with a cash payment in lieu of any resulting fractional share of Home common stock.

Mountain Commerce shareholders will also be entitled to receive quarterly dividends declared by Home BancShares with record dates following the closing.

Piper Sandler served as financial advisor to Mountain Commerce and provided a fairness opinion, with Bass, Berry & Sims PLC serving as legal advisor. Hovde Group, LLC served as financial advisor to Home BancShares and provided a fairness opinion, with DD&F Consulting Group serving as financial consultant and Mitchell, Williams, Selig, Gates & Woodyard, PLLC serving as legal advisor.