Nine bank and thrift acquisitions were announced during the week of Nov. 12, seven of which were whole-company transactions. Arkansas-based Simmons First National Corp. headlined the week with a $171.6 million acquisition of Missouri-based Reliance Bancshares Inc., announced Nov. 13. On the deal call, Simmons First Chairman and CEO George Makris Jr. said the company may also seek M&A opportunities in Nashville.
On the same day, Tupelo, Miss.-based BancorpSouth Bank announced two deals, one for Dallas-based Casey Bancorp Inc. and another for Jackson, Ala.-based Merchants Trust Inc. The transactions will expand BancorpSouth's network by a combined 11 branches.
There were also two branch deals announced last week, including the sale of 14 branches and $602 million in deposits by Atlanta-based Atlantic Capital Bancshares Inc. to Nashville-based FB Financial Corp.
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