The U.S. Federal Reserve on Thursday said it had approved Simmons First National Corp's merger with Community First Bancshares Inc and its merger with Liberty Bancshares Inc. Through its merger with Community First, Pine Bluff, Arkansas-based Simmons will indirectly acquire First State Bank in Union City, Tennessee, the Fed said.
The First Bancshares, Inc. serve as a bank holding company for The First, A National Banking Association (The First) located in Hattiesburg, Mississippi. Shares of FBMS fell by 2.51% or $-0.3699/share to $14.38. In the past year, the shares have traded as low as $13.74 and as high as $15.50. On average, 4313 shares of FBMS exchange hands on a given day and today's volume is recorded at 48863.
Simmons First National Corporation is a multi-bank financial holding company. Shares of SFNC traded higher by 3.23% or $1.26/share to $40.29. In the past year, the shares have traded as low as $33.05 and as high as $43.22. On average, 56910 shares of SFNC exchange hands on a given day and today's volume is recorded at 131678.
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