Home BancShares acquires Liberty to make 2nd biggest Arkansas-based bank | Arkansas Blog

Tuesday, June 25, 2013

Home BancShares acquires Liberty to make 2nd biggest Arkansas-based bank

Posted By on Tue, Jun 25, 2013 at 2:17 PM

BANKING NEWS: Allison, Beebe and Fowler at bank sale announcement.
  • Davy Carter/Twitter
  • BANKING NEWS: Allison, Beebe and Fowler in advance of bank sale announcement.

Gov. Mike Beebe will preside over a big Arkansas banking combine, to be announced shortly after 3 p.m.

Conway-based Home BancShares, owner of Centennial Bank and a holding company with more than 100 branches in three states and assets of more than $4 billion, will acquire Liberty Banchsares of Jonesboro, an institution with almost $3 billion in assets and 42 branches. They are led, respectively, by John Allison and Wallace Fowler. The combination will create the second largest Arkansas-based banking corporation, after the much larger Walton-owned Arvest.

UPDATE: Liberty shareholders will get $250 million in Home stock and $30 million cash. Here's the full release. The $7 billion institution will have 92 branches in Arkansas alone.

Tags: , , ,

From the ArkTimes store

Favorite

Comments (9)

Showing 1-9 of 9

Add a comment

 
Subscribe to this thread:
Showing 1-9 of 9

Add a comment

More by Max Brantley

  • Amazon's HQ2: Today' is Little Rock's big reveal

    Thinking positive in advance of Little Rock's announcement of its response to Amazon's request for bids to host a new headquarters.
    • Oct 19, 2017
  • If Cotton tapped for CIA, then what?

    Times columnist Jay Barth speculates this week on the fallout should Sen. Tom Cotton be appointed as Donald Trump's CIA director (itself only speculation at this point).
    • Oct 19, 2017
  • April Ryan speaks tonight at Philander Smith

    April Ryan,who covers the White House for American Urban Radio, will open this year's edition of Philander Smith College's Bless the Mic Lecture Series at 7 p.m. today at the college.
    • Oct 19, 2017
  • More »

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • Campus gun bill clears committee

    The so-called compromise amendment that will allow anyone 25 or older with a training certificate carry a concealed weapon on public college campuses was approved in a Senate committee this afternoon.
    • Feb 21, 2017
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016

Most Shared

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation