Business
Home BancShares, Inc. Announces Triple Accretive Acquisition and Entry to Key Tennessee Markets Through a Combination with Mountain Commerce Bancorp, Inc.
CONWAY, Ark. and KNOXVILLE, Tenn., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home BancShares” or "HOMB"), the parent company of Centennial Bank, and Mountain Commerce Bancorp, Inc. (OTCQX: MCBI) (“Mountain Commerce” or “MCBI”), the parent company of Mountain Commerce Bank, jointly announced today that they have entered into a definitive merger agreement pursuant to which Home BancShares will acquire Mountain Commerce in an all-stock merger, with Home BancShares as th
About this update from Home Bancshares, Inc.
[{"type":"image","alt":"Home BancShares, Inc.","displaySize":"","headline":null,"caption":"Home BancShares, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":141,"height":89,"url":"https://media.zenfs.com/en/globenewswire.com/93aeaef18c8dced38cf0fb622001fc26"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/4JkqO4adkQYE9vdhX4l48w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTEzMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/93aeaef18c8dced38cf0fb622001fc26","width":141,"height":89}},"lazy":false},{"type":"text","content":"CONWAY, Ark. and KNOXVILLE, Tenn., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home BancShares” or "HOMB"), the parent company of Centennial Bank, and Mountain Commerce Bancorp, Inc. (OTCQX: MCBI) (“Mountain Commerce” or “MCBI”), the parent company of Mountain Commerce Bank, jointly announced today that they have entered into a definitive merger agreement pursuant to which Home BancShares will acquire Mountain Commerce in an all-stock merger, with Home BancShares as the surviving entity.","length":529,"tagName":"p"},{"type":"text","content":"The combination grants Home BancShares access to the high-growth Knoxville, Nashville, and Johnson City MSAs. Knoxville, Tennessee has been ranked by moveBuddha as the next hot city to move to in 20261. The city is celebrated for its Southern charm, vibrant college-town energy and its location at the foothills of the Great Smoky Mountains. The combination positions Home BancShares to expand further into Tennessee and potentially acquire additional institutions over time.","length":475,"tagName":"p"},{"type":"text","content":"Under the terms of the definitive merger agreement, which was unanimously approved by the Board of Directors of both companies, Mountain Commerce shareholders upon closing of the merger will receive 0.850 shares of Home BancShares stock for each share of Mountain Commerce common stock they own and will begin receiving quarterly dividends declared by Home BancShares with record dates following the closing. Based on a volume-weighted average closing price per share of Home BancShares stock of $27.66 during the 20-trading-day period ending on December 5, 2025, the per share implied consideration value is $23.51 and the aggregate implied transaction value is approximately $150.1 million.","length":692,"tagName":"p"},...