Simmons First National Corp. announced Thursday that the Federal Reserve Bank of St. Louis has approved Simmons' applications to acquire two Tennessee banks.
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By some measurements, Tennessee will rival Missouri as the second-largest market for Simmons Bank after its pending acquisitions of Landmark Community Bank in Collierville and Triumph Bank in Memphis.
The Pine Bluff-based lender’s deposit total in Missouri tops $3.6 billion.
The addition of deposits at Landmark and Triumph could push Simmons’ Tennessee total to more than $3.7 billion.
The two banks hold a combined $1.5 billion in deposits and operate 12 full-service offices. The inclusion of these locations would expand Simmons’ Tennessee footprint to 45 compared with 48 in Missouri.
Landmark Community Bank
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