공고 • Apr 02
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) completed the acquisition of Mountain Commerce Bancorp, Inc. (OTCPK:MCBI).
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) entered into an Agreement and Plan of Merger to acquire Mountain Commerce Bancorp, Inc. (OTCPK:MCBI) for approximately $150 million on December 7, 2025. Under the terms of the Agreement, Home will issue approximately $5.4 million shares of its common stock to the shareholders of MCBI and will receive 0.850 shares of Home BancShares stock for each share of Mountain Commerce common stock. Upon completion of the Merger, excluding purchase accounting adjustments, the combined company will have approximately $25.0 billion in total assets, $17.0 billion in total deposits, $19.2 billion in total loans and 225 branches in Arkansas, Florida, Texas, Tennessee, Alabama and New York City, based on pro forma projections as of March 31, 2026. In case of termination Mountain Commerce Bancorp, Inc will pay a fee of $6 million. As of January 30, 2026, Under the Merger Agreement, Mountain Commerce Bancorp shareholders will receive 0.85 shares of Home BancShares stock for each Mountain Commerce Bancorp share and will receive, in the aggregate, $5,426,882 shares of Home common stock valued in the aggregate at approximately $150 million.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, execution of employment agreement, execution of registration rights / letter agreement and listing / approval of new shares on stock exchange. The deal has been unanimously approved by the board. The expected completion of the transaction is January 1, 2026, to June 30, 2026. The transaction is expected to be immediately triple accretive: resulting in increases to earnings per share of 1.4% and 3.0% for 2026 and 2027, respectively; book value per share of 0.7% and tangible book value per share of 0.2%. As of December 8, 2025, Home Bancshares filed a registration statement. On March 12, 2026, Board of Governors of the Federal Reserve System approved the deal. As of March 13, 2026, Mountain Commerce Bancorp, Inc.'s shareholders approved the deal. As of March 24, 2026, Home announced that it has received approvals from the Arkansas State Bank Department of its applications to acquire Mountain. As of March 25, 2026, the transaction has been approved by the the board of governors of the Federal Reserve System. The transaction is expected to close in the second quarter of 2026.
Computershare Trust Company, National Association acted as transfer agent/registrar for Home Bancshares, Inc. Piper Sandler & Co. acted as financial advisor for Mountain Commerce Bancorp, Inc. Piper Sandler & Co. acted as fairness opinion provider for Mountain Commerce Bancorp, Inc. D. Scott Holley of Bass, Berry & Sims PLC acted as legal advisor for Mountain Commerce Bancorp, Inc. Hovde Group, LLC acted as financial advisor and fairness opinion provider and received a fee of $0.35 million for Home Bancshares, Inc. DD&F Consulting Group acted as financial advisor for Home Bancshares, Inc. D. Nicole Lovell and C. Douglas Buford of Mitchell Williams Selig Gates acted as legal advisor for Home Bancshares, Inc.
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) completed the acquisition of Mountain Commerce Bancorp, Inc. (OTCPK:MCBI) on April 1, 2026.