PINE BLUFF, Ark. (AP) — Arkansas-based Simmons First National Corporation has announced the completion of its purchase of both Southwest Bancorp, Inc. of Stillwater, Oklahoma, and First Texas, BHC of Fort Worth, Texas.
Simmons said Friday that shareholders of the two companies approved the transactions earlier this month. Terms of the purchase were not released.READ MORE: Anna Police Investigating Crash That Killed 22-Year-Old Man
Southwest Bancorp is the parent company of Bank SNB and First Texas is the parent company of Southwest Bank.READ MORE: Texas Joins Oklahoma's Effort To Overturn McGirt
Simmons said in a news release that the acquisitions brings its total assets to more than $14 billion, plus about $10.4 billion in loans and about $11.2 billion in deposits.
The company said both Southwest Bank and Bank SNB will continue operating under their present names.MORE NEWS: 2 Killed, 5 Injured After Drag Racer Slams Into Spectators An Texas Airport
(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)