“Spirit is a highly regarded, high performing bank with whom we share a common philosophy – providing outstanding customer service and developing deep and long-lasting relationships with the clients and communities that we serve and where we live,” George Makris, Jr., Simmons’ Chairman and CEO, said in a statement. Pending regulatory approval, Simmons expects to close the deal in the second quarter of 2022, pushing the holding company’s assets to $28.2 billion and 246 branches in Arkansas, Missouri, Tennessee, Texas, Oklahoma and Kansas. 30, Spirit had total assets of $3.2 billion, total loans of $2.3 billion and total deposits of $2.7 billion. consisting of the Dallas-Fort Worth, Houston, San Antonio and Austin metropolitan areas - with additional locations in the Bryan-College Station, Corpus Christi and Tyler metropolitan areas, along with offices in North Central and South Texas.Īs of Sept. 19) it has an agreement in place to acquire Spirit of Texas Bancshares in a deal worth $581 million.Īccording to a Simmons news release, Conroe-based Spirit of Texas Bank operates 37 locations primarily in the Texas Triangle - the fastest growing megaregion in the U.S. of Pine Bluff, parent of Simmons Bank, announced Friday (Nov.
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