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Home BancShares, Inc. Announces Completion Of The Acquisition Of Liberty Bancshares, Inc.

Stocks in this article: HOMB

"This game-changing milestone in the histories of two well-established Arkansas banks begins a new era of opportunity for the Company, our Home and Liberty shareholders and customers, and the communities we serve," said John Allison, Chairman of Home.  "This combination is the perfect fit to provide more convenient locations to our loyal customers. We are now truly Arkansas's community bank."

"This is a historic day as we embrace both our valued history and our exciting future," said Wallace W. Fowler, Chairman of Liberty. "We are joining one of the strongest and most respected community banks in the country.  We are pleased to be joining the Home BancShares family and know our customers will be well served." 

General

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.  With the acquisition of Liberty Bank, Centennial Bank will have locations in Central Arkansas, North Central Arkansas, Southern Arkansas, Northeast Arkansas, Northwest Arkansas, Western Arkansas, the Florida Keys, Southwestern Florida, Central Florida, the Florida Panhandle, and South Alabama.  The Company's common stock is traded through the NASDAQ Global Select Market under the symbol "HOMB."

This release contains forward-looking statements which include, but are not limited to, statements about the benefits of the business combination transaction involving Home and Liberty, including future financial and operating results, the combined company's plans, objectives, 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 could cause actual results to differ materially from those contemplated by the forward-looking statements, including, but not limited to, (i) the possibility that the acquisition does not close when expected or at all because required approvals and other conditions to closing are not received or satisfied on a timely basis or at all; (ii) changes in Home's stock price before closing; (iii) the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Home and Liberty operate; (iv) the ability to promptly and effectively integrate the businesses of Home and Liberty; (v) the reaction to the transaction of the companies' customers, employees and counterparties; and (vi) diversion of management time on acquisition-related issues. Additional information on factors that might affect Home BancShares, Inc.'s financial results is included in its Registration Statement on Form S-4, effective as of August 30, 2013, and in its Annual Report on Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission.

CONTACT: Home BancShares, Inc.
         Brian S. Davis
         Investor Relations Officer
         (501) 328-4770
         
         Centennial Bank
         Randy Sims
         Chief Executive Officer
         (501) 328-4656

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