Simmons First National Corporation Acquires Spirit of Texas Bancshares, Inc.

April 8, 2022

Simmons First National Corporation completed the acquisition of Spirit of Texas Bancshares, Inc. (the parent of Spirit of Texas Bank SSB), merging the bank into Simmons Bank and converting customer accounts and systems under the Simmons Bank brand. The deal expands Simmons' Texas footprint, more than doubling its Texas lending and deposit footprint and increasing branches in the state.

Buyers
Simmons First National Corporation
Targets
Spirit of Texas Bancshares, Inc., Spirit of Texas Bank SSB
Sellers
Spirit of Texas Bancshares shareholders
Location
Texas, United States
Transaction Type
Buyout

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