Simmons First National Corp., has completed its acquisition of Citizens National Bank in Athens, Tenn.
Citizens National Bank will temporarily remain a separate bank and continue its operations as a subsidiary of Simmons First National Corp. until it is merged into Simmons Bank. The merger and system conversion is slated to occur on Oct. 21.
“After months of planning and hard work by the associates from both banks, we are looking forward to continuing and completing the integration process,” said Marty Casteel, chairman and CEO of Simmons Bank. “Citizens customers will receive the same great service they have come to know and trust. Our teams are working closely to ensure the transition for customers is as easy and seamless as possible.”
With the completion of this acquisition, Simmons has approximately $8.1 billion in assets, $5.3 billion in loans, $6.5 billion in deposits and more than 145 locations across Arkansas, Kansas, Missouri and Tennessee.
“We plan on continuing (Citizens National’s) commitment to its customers, associates and communities as we strengthen our presence in East Tennessee,” said George A. Makris, Jr., chairman and CEO of Simmons First National.