Simmons Bank is a

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

with operations in

Arkansas Arkansas ( ) is a landlocked state in the West South Central region of the Southern United States. It borders Missouri to the north, Tennessee and Mississippi to the east, Louisiana to the south, Texas to the southwest, and Oklahoma ...

Kansas Kansas ( ) is a landlocked U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Nebraska to the north; Missouri to the east; Oklahoma to the south; and Colorado to the west. Kansas is named a ...

Missouri Missouri (''see #Etymology and pronunciation, pronunciation'') is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Ranking List of U.S. states and territories by area, 21st in land area, it border ...

Oklahoma Oklahoma ( ; Choctaw language, Choctaw: , ) is a landlocked U.S. state, state in the South Central United States, South Central region of the United States. It borders Texas to the south and west, Kansas to the north, Missouri to the northea ...

Tennessee Tennessee (, ), officially the State of Tennessee, is a landlocked U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders Kentucky to the north, Virginia to the northeast, North Carolina t ...

, and

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

. It is the primary subsidiary of Simmons First National Corporation, a

bank holding company A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') or bancorporation is often used to refer to such companies as w ...

History

The bank was founded by physician Dr. John Franklin Simmons in

Pine Bluff, Arkansas Pine Bluff, officially the City of Pine Bluff, is the List of municipalities in Arkansas, tenth-most populous city in the U.S. state of Arkansas and the county seat of Jefferson County, Arkansas, Jefferson County. The population of the city wa ...

in 1903. In 1933, during the

Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...

, it was one of the first Arkansas banks to reopen after the federally imposed “bank holiday”. In 1967, the bank was the first in Arkansas to offer a credit card. On March 23, 1984, a customer (Mary Stone) withdrew $285 from an

automated teller machine An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account ...

Sydney, Australia Sydney is the capital city of the state of New South Wales and the most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about 80 km (50 mi) from the Pacific Ocean ...

in the first intercontinental transaction made ever via an ATM. In September 2012, in a transaction organized by the

FDIC The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...

, the company acquired Truman Bank, which suffered from

bank failure A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank typically fails economically when the market value of its ass ...

. In October 2012, the company acquired Excel Bank. In November 2013, the company acquired Metropolitan National Bank. The purchase included the Simmons Tower. In August 2014, the company acquired Delta Trust & Bank. In February 2015, the company acquired Liberty Bancshares and Community First Bancshares. In November 2015, the company acquired Ozark Trust and Investment Corp. In September 2016, the company acquired Citizens National Bank. In May 2017, the company acquired First South Bank. In October 2017, the company acquired Southwest Bancorp, Inc. and First Texas BHC, Inc. In April 2019, the company acquired Reliance Bancshares, Inc. In July 2019, the company acquired Landmark Bank, Inc., a subsidiary of Landrum, the parent company, headquartered in Columbia, Missouri, for an estimated $434 million. The merger was finalized and marketing changes took place on February 18, 2020. In November 2021, the company purchased Spirit of Texas Bancshares, with the acquisition completed and locations converted in April 2022.

References

External links

* {{NASDAQ Financial-100 Banks based in Arkansas American companies established in 1903 Banks established in 1903 Companies based in Arkansas Companies listed on the Nasdaq 1903 establishments in Arkansas