M&A Deal Summary

Simmons Bank Acquires Southwest Bancorp

On December 14, 2016, Simmons Bank acquired financial services company Southwest Bancorp for 564M USD

Acquisition Highlights
  • This is Simmons Bank’s 11th transaction in the Financial Services sector.
  • This is Simmons Bank’s largest (disclosed) transaction.
  • This is Simmons Bank’s 11th transaction in the United States.
  • This is Simmons Bank’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2016-12-14
Target Southwest Bancorp
Sector Financial Services
Buyer(s) Simmons Bank
Deal Type Add-on Acquisition
Deal Value 564M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)

Target

Southwest Bancorp

Stillwater, Oklahoma, United States
website
Southwest Bancorp, Inc. is a holding company for Bank SNB, an Oklahoma state banking corporation ("Bank SNB"). Through Bank SNB, Southwest offers commercial and consumer lending, deposit and investment services, specialized cash management, and other financial services from offices in Oklahoma, Texas, and Kansas, and on the Internet, through Bank SNB DirectBanker®.

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Buyer(S) 1

Buyer

Simmons Bank

Pine Bluff, Arkansas, United States

website

Category Company
Founded 1903
Sector Financial Services
Employees2,923
Revenue 767M USD (2021)
DESCRIPTION
Simmons Bank office building in downtown Little Rock, Arkansas.
Simmons Bank office building in downtown Little Rock, Arkansas.

Simmons Bank is a regional provider of financial services. Simmons Bank was founded in 1903 and is based in Pine Bluff, Arkansas.

DEAL STATS #
Overall 11 of 16
Sector (Financial Services) 11 of 16
Type (Add-on Acquisition) 10 of 15
State (Oklahoma) 1 of 1
Country (United States) 11 of 16
Year (2016) 2 of 2
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 The Citizens National Bank of Athens

Athens, Tennessee, United States

Citizens National Bank is a national bank headquartered in Athens, Tenn., serving East Tennessee with nine locations in eight communities and offers a full range of banking and lending services. As of June 30, 2016, Citizens had assets of $556 million.

Buy $77M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 First Texas BHC

Fort Worth, Texas, United States

First Texas BHC, Inc. is a provider of personal and commercial banking services in US.

Buy $462M
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