Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. It offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; insurance products; and securities and investment services. As of December 31, , the company operated through approximately financial centers located throughout market areas in Arkansas, Illinois, Kansas, Missouri, Oklahoma, Tennessee, and Texas. Yahoo Finance.
Simmons First National Bank
Simmons First National Corporat (SFNC) Company Profile & Facts - Yahoo Finance
Simmons First National Corporation is the largest publicly traded financial holding headquartered in Arkansas. By , it had paid dividends for ninety-nine consecutive years and employed more than 1, people. Founded by Dr. In , the bank opened its personal loan department. Simmons First received the Outstanding Philanthropic Corporation Award, in the large business category, presented by the Arkansas Community Foundation. In , it acquired the assets of Truman Bank of St. In November , it bought Metropolitan National Bank of Little Rock Pulaski County ; the bank shortly thereafter announced the closure of twenty-seven of its eighty-eight Arkansas branches.
A similar history, a foundation in agriculture lending and growth potential attracted Arkansas-based Simmons First National Corp. Both financial institutions started more than years ago in rural areas — Community First in Union City in northwest Tennessee, and Simmons in Pine Bluff in southeast Arkansas — with both focusing on agriculture lending. With a strong presence in Northwest Tennessee for more than years, First State has locations across Tennessee, including in the Memphis, Nashville and Knoxville metropolitan areas, and Makris sees growth potential in Middle and East Tennessee. Makris notes First State has a few lines of business that Simmons plans to incorporate into its banks in Arkansas and Missouri, and, in return, some business lines now being offered by Simmons will likely be offered to Tennessee customers.
It is the primary subsidiary of Simmons First National Corporation, a bank holding company. The bank was founded by physician Dr. In , the bank was the first in Arkansas to offer a credit card.