SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Exchange Act of 1934
Date of Report November 15, 1994
(Date of earliest event reported)
SIMMONS FIRST NATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
Arkansas 0-6253 71-0407808
(State or other (Commission (I.R.S. employer
jurisdiction of file number) identification No.)
incorporation
or organization)
501 Main Street, Pine Bluff, Arkansas 71601
(Address of principal executive offices) (Zip Code)
(501) 541-1000
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS.
The following is the text of a press release issued by the
registrant at 4:05 Central Standard Time on April 25, 1995:
FOR RELEASE: Tuesday, April 25, 1995
SIMMONS FIRST ANNOUNCES ACQUISITION IN SOUTHEAST ARKANSAS
Pine Bluff - - J. Thomas May, President and Chief Executive Officer of
Simmons First National Corporation ("SFNC") and John M. Baxter, Chairman of
DSB Bancshares, Inc. ("DSBB") announced today the execution of a definitive
stock purchase agreement under the terms of which SFNC will acquire all of
the outstanding capital stock of DSBB in a cash purchase transaction valued
at $2,438,000. DSBB owns Dermott State Bank, Dermott, Arkansas with
consolidated assets, as of March 31, 1995, of approximately $20 million.
The transaction is subject to regulatory approval from the Board of
Governors of the Federal Reserve System, Arkansas State Banking Department
and the Federal Deposit Insurance Corpporation. The regulatory applications
are expected to be filed within 30 days. The transaction is expected to close
during the third quarter of 1995.
After completion of the transaction, SFNC will owns 5 banks in the state
of Arkansas conducting banking operations from 27 offices in 14 communities.
Commenting on the proposed acquisition, Mr. May stated, "DSBB and the
Dermott State Bank are well managed institutions. This transaction shows our
continuing interest in strengtheneing our presence in Southeastern Arkansas.
We believe the proposed transaction presents an outstanding opportunity for
us as well as DSBB and its shareholders. Our banking institutions have
complementary operating philosophies and market areas. The customers of our
respective institutions will be better served by this affiliation and the
corresponding expansion of the market area for the Simmons First family of
banks."
FOR MORE INFORMATION CONTACT:
J. Thomas May, John M. Baxter
President & Chief Executive Officer Chairman
Simmons First National Corporation DSB Bancshares, Inc.
(501) 541-1103 (501) 538-3266
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SIMMONS FIRST NATIONAL CORPORATION
Date: April 27, 1995 By /s/ J. Thomas May
-------------------------------
J. Thomas May, President &
Chief Executive Officer
