This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Home BancShares, Inc. Announces Approvals For Merger With Liberty Bancshares

CONWAY, Ark., Sept. 3, 2013 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (Nasdaq:HOMB) ("Home" or "the Company"), parent company of Centennial Bank today announced it has received approval from the Federal Reserve Board and the Arkansas State Bank Board of its applications for the previously announced merger with Liberty Bancshares, Inc. ("Liberty") Additionally, Home has gone effective with its Form S-4 registration statement filed with the Securities and Exchange Commission. The boards of both, Home and Liberty met on Friday, August 30 th to approve additional steps for the transaction to proceed since both boards had previously given their approvals for merger. The record date is set for September 26 th for shareholders to be eligible to vote.

"Effectiveness of the registration statement and the approvals by the Federal Reserve and the Arkansas State Bank Board permits us to move ahead with the merger in a timely manner," said John W. Allison, Chairman of the board for HOMB. "Integration planning teams from both banks are making very good progress and we look forward to delivering the benefits of this merger to our shareholders, customers, and communities."

Under the terms of the merger agreement, shareholders of Liberty will receive $250 million of Home common stock plus $30 million in cash. The merger will significantly increase the Company's deposit market share in Arkansas making it the 2 nd largest bank holding company headquartered in Arkansas. The acquisition is expected to close in late October subject to Home and Liberty shareholder approval. Shareholders meetings will be held October 23 rd, in Conway at HOMBs headquarters and in Jonesboro at Liberty headquarters for the Liberty shareholders. "We are very excited to announce that in early December our customers can use all 92 locations in Arkansas, as well as Alabama and Florida for their banking needs," said Randy Sims, CEO of Home Bancshares.

Stockholders are urged to read the joint proxy statement/prospectus, and other relevant documents filed with the SEC regarding the proposed transaction because they contain important information.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs