M&A Deal Summary

Simmons Bank Acquires The Citizens National Bank of Athens

On May 18, 2016, Simmons Bank acquired financial services company The Citizens National Bank of Athens for 77M USD

Acquisition Highlights
  • This is Simmons Bank’s 10th transaction in the Financial Services sector.
  • This is Simmons Bank’s 7th largest (disclosed) transaction.
  • This is Simmons Bank’s 10th transaction in the United States.
  • This is Simmons Bank’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2016-05-18
Target The Citizens National Bank of Athens
Sector Financial Services
Buyer(s) Simmons Bank
Deal Type Add-on Acquisition
Deal Value 77M USD
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)

Target

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.

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Buyer(S) 1

Buyer

Simmons Bank

Pine Bluff, Arkansas, United States
Category Company
Founded 1903
Sector Financial Services
Employees2,989
Revenue 782M USD (2023)
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 10 of 16
Sector (Financial Services) 10 of 16
Type (Add-on Acquisition) 9 of 15
State (Tennessee) 2 of 4
Country (United States) 10 of 16
Year (2016) 1 of 2
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Ozark Trust and Investment

Springfield, Missouri, United States

Ozark Trust and Investment Corp. is a provider of financial services for its clients, including investment management, trust services, IRA rollovers and transfers, successor trustee services and custodial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Southwest Bancorp

Stillwater, Oklahoma, United States

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®.

Buy $564M
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