Home BancShares Acquires Mountain Commerce Bancorp in $150 Million Deal
Home BancShares, based in Conway, Arkansas, has announced its acquisition of Knoxville, Tennessee-based Mountain Commerce Bancorp in a $150.1 million all-stock deal. The transaction is expected to close early in the first half of 2026, creating an entity with approximately $25 billion in assets, $19.2 billion in deposits, and $17 billion in loans.
Key Details of the Acquisition
- Home BancShares’ subsidiary, Centennial Bank, will gain entry to Tennessee for the first time through this deal.
- The acquisition will add seven new locations to Centennial Bank’s existing branches, including four in the Tri-Cities area, two around Knoxville, and one in a Nashville suburb.
- Mountain Commerce shareholders will receive 0.85 shares of Home BancShares stock for each share they own, with a consideration value of $23.51 per share.
Statements from Home BancShares and Mountain Commerce
John Allison, CEO of Home BancShares, expressed excitement about entering the vibrant Tennessee markets, emphasizing the importance of partnering with a quality bank in a strong market. Bill Edwards III, founder and CEO of Mountain Commerce, highlighted the opportunity for growth and collaboration with Home BancShares.
Mountain Commerce is known for its focus on responsive relationship banking for small and medium-sized businesses, professionals, and affluent individuals.
Financial Impact and Outlook
Home BancShares expects the acquisition to boost earnings per share by 1.4% in 2026 and 3% in 2027. Additionally, it anticipates an increase in book value per share and tangible book value per share.
This strategic move aligns with Home BancShares’ growth strategy and commitment to expanding its presence in key markets.
For more information, you can read the full article here.
