Home BancShares to purchase Mountain Commerce Bancorp

Centennial Bank’s genitor institution Home BancShares (HOMB) has reached a definitive statement to acquisition Mountain Commerce Bancorp successful an all-stock transaction.

The merger volition spot HOMB arsenic the surviving entity.

The agreement, approved unanimously by some companies' directors' boards, grants entree to the Nashville, Knoxville, and Johnson City metropolitan statistical areas.

According to the definitive merger agreement, Mountain Commerce shareholders volition get 0.850 shares of HOMB banal for each Mountain Commerce communal banal stock they hold.

These shareholders volition besides beryllium eligible for quarterly dividends declared by Home BancShares, with grounds dates aft the closure.

Based connected a volume-weighted mean closing terms per stock of HOMB banal of $27.66 implicit the 20 days ending connected 5 December 2025, the per stock implied information worth is $23.51, and the full implied worth of the transaction is astir $150.1m.

This transaction aligns with HOMB’s established merger and acquisition strategy. The institution anticipates the woody volition beryllium instantly triple accretive, projecting increases to net per stock of 1.4% successful 2026 and 3% successful 2027, arsenic good arsenic a 0.7% emergence successful publication worth per stock and a 0.2% summation successful tangible publication worth per share.

Following the merger, HOMB expects to support a beardown superior presumption and enhanced operating profile.

The pro forma slope volition person astir $25bn, $17bn and $19.2bn successful assets, loans and deposits, respectively.

The merger is anticipated to adjacent aboriginal successful the archetypal fractional of adjacent year, contingent connected customary closing conditions, including regulatory approvals and support by Mountain Commerce shareholders.

Piper Sandler acted arsenic fiscal advisor to Mountain Commerce and provided a fairness opinion, with Bass, Berry & Sims arsenic ineligible advisor.

Hovde Group served arsenic fiscal advisor to Home BancShares and provided a fairness opinion, portion DD&F Consulting Group acted arsenic fiscal advisor and Mitchell, Williams, Selig, Gates & Woodyard arsenic ineligible advisor.
Mountain Commerce laminitis and CEO William “Bill” Edwards said: “Mountain Commerce is arrogant to articulation forces with 1 of the top-performing banks successful the country.

“This concern provides resources, done HOMB’s beardown equilibrium expanse and superior position, to let our talented squad of bankers to flourish. There is simply a batch much enactment to beryllium done successful Tennessee to instrumentality vantage of the marketplace accidental and we are anxious and acceptable to grow.”

"Home BancShares to acquisition Mountain Commerce Bancorp" was primitively created and published by Retail Banker International, a GlobalData owned brand.