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CONWAY, Ark., July 9, 2013 (GLOBE NEWSWIRE) -- Centennial Bank, wholly-owned subsidiary of Home BancShares, Inc. (Nasdaq:HOMB), has named Davy Carter as Regional President. His duties and responsibilities will include the Liberty Bank acquisition. The deal for Home BancShares Inc., to purchase Liberty Bancshares was announced on Tuesday, June 25th. The historic merger will create the second largest bank holding company headquartered in the state with approximately $7.1 billion in total assets.
"We were grateful Davy returned to our corporate family a few months ago," said Randy Sims, C.E.O. of Centennial Bank. "This will be the perfect opportunity for Davy and the bank," said Sims.
Carter is the current speaker of the Arkansas House of Representatives, where he is serving his third term, and he is a graduate of Arkansas State University in Jonesboro with a bachelor's degree in finance. In addition, he holds a juris doctor with honors from the University of Arkansas at Little Rock's William H. Bowen School of Law and is an alumnus of the Graduate School of Banking at Louisiana State University in Baton Rouge.
Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Our wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has locations in Central Arkansas, North Central Arkansas, Southern Arkansas, the Florida Keys, Southwestern Florida, Central Florida, the Florida Panhandle and South Alabama. Upon completion of the Liberty Bank transaction, Centennial Bank will have additional locations in Northeast Arkansas, Northwest Arkansas and Western Arkansas. The Company's common stock is traded through the NASDAQ Global Select Market under the symbol "HOMB."
This release contains forward-looking statements regarding the Company's plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors, including, but not limited to, economic conditions, credit quality, interest rates, loan demand, the ability to successfully integrate new acquisitions and changes in the assumptions used in making the forward-looking statements, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional information on factors that might affect Home BancShares, Inc.'s financial results is included in its Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission.
CONTACT: Eric King