Simmons Bank
| Company type | Subsidiary |
|---|---|
| Industry | Banking |
| Founded | 1 January 1903 in Pine Bluff, Arkansas, United States |
| Founder | Dr. John Franklin Simmons |
| Headquarters | Pine Bluff , United States |
Area served | Arkansas, Kansas, Missouri, Oklahoma, Tennessee, Texas |
| Parent | Simmons First National Corporation |
Simmons Bank provides banking services across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It functions as the main subsidiary of Simmons First National Corporation, a bank holding company.
History
Established in 1903 by Dr. John Franklin Simmons in Pine Bluff, Arkansas, the bank was one of the earliest Arkansas financial institutions to resume operations following the 1933 “bank holiday.” It introduced Arkansas’s inaugural credit card in 1967 and executed the state’s first international ATM transaction in 1984.
In September 2012, Simmons acquired Truman Bank through a transaction organized by the FDIC after Truman Bank's failure. Additional acquisitions include Excel Bank (2012), Metropolitan National Bank (2013), which brought ownership of the Simmons Tower, Delta Trust & Bank (2014), Liberty Bancshares and Community First Bancshares (2015), Ozark Trust and Investment Corp. (2015), Citizens National Bank (2016), First South Bank (2017), as well as Southwest Bancorp, Inc. and First Texas BHC, Inc. (both in 2017), followed by Reliance Bancshares, Inc. in 2019.
In July 2019, Simmons completed the purchase of Landmark Bank, Inc., located in Columbia, Missouri, for roughly $434 million; this merger was finalized with a rebranding effort in February 2020. Later, in November 2021, it acquired Spirit of Texas Bancshares, completing the integration and branch conversions by April 2022.