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
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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