Simmons First National Corporation Completes Acquisition and Conversion of Spirit of Texas Bancshares, Inc.
PINE BLUFF, Ark., April 11, 2022 (GLOBE NEWSWIRE) -- Simmons First National Corp. (NASDAQ:SFNC) (Simmons) announced today that it has completed the acquisition of Spirit of Texas Bancshares, Inc. (Spirit), the parent company of Spirit of Texas Bank SSB, based in Conroe, Texas, effective April 8, 2022. A definitive agreement to acquire Spirit was previously announced on November 19, 2021, with Spirit's shareholders approving the transaction in February 2022. As a result of the acquisition, Spirit of Texas Bank SSB was merged into Simmons Bank (the subsidiary bank of Simmons), with Simmons Bank as the surviving institution. Conversion of technology systems and customer accounts for Spirit o
