M&A Deal Summary

Simmons Bank Acquires Triumph Bank

On June 7, 2021, Simmons Bank acquired financial services company Triumph Bank for 132M USD

Acquisition Highlights
  • This is Simmons Bank’s 15th transaction in the Financial Services sector.
  • This is Simmons Bank’s 6th largest (disclosed) transaction.
  • This is Simmons Bank’s 15th transaction in the United States.
  • This is Simmons Bank’s 4th transaction in Tennessee.

M&A Deal Summary
Date 2021-06-07
Target Triumph Bank
Sector Financial Services
Buyer(s) Simmons Bank
Deal Type Add-on Acquisition
Deal Value 132M USD
Advisor(s) Southard Financial (Financial)

Target

Triumph Bank

Memphis, Tennessee, United States
Triumph Bank is a community bank that provides full-service banking and mortgage services to both the Greater Memphis and Nashville areas, with an additional mortgage office to serve Obion and Weakley Counties in Union City. Triumph Bank was formed in 2006 and is based in Memphis, Tennessee.

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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 15 of 16
Sector (Financial Services) 15 of 16
Type (Add-on Acquisition) 14 of 15
State (Tennessee) 4 of 4
Country (United States) 15 of 16
Year (2021) 2 of 2
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Landmark Community Bank

Pittston, Pennsylvania, United States

Landmark Community Bank is a community bank with diverse ownership, a committed Board of Directors, an experienced staff, and senior managers who are accessible, visible, and committed both to the bank and their communities. It provides the highest level of personalized service in a friendly atmosphere from capable employees. We seek to develop, expand and maintain long-term relationships with clients by providing the products value, service, and technology they deserve. Landmark Community Bank is based in Pittston, Pennsylvania.

Buy $146M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-11 Spirit of Texas Bank

Conroe, Texas, United States

Spirit of Texas Bank through its wholly-owned subsidiary, Spirit of Texas Bank, provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Spirit of Texas Bank has 29 locations in the Houston, Dallas/Fort Worth, Bryan/College Station, San Antonio-New Braunfels and Corpus Christi metropolitan areas, along with offices in North Central Texas. Spirit of Texas Bank was founded in 2008 and is based in Conroe, Texas.

Buy -
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