Home BancShares, Inc. has entered into a definitive merger agreement to acquire Mountain Commerce Bancorp, Inc.
The merger will grant Home BancShares access to high-growth Knoxville, Nashville, and Johnson City MSAs.
The transaction is expected to be immediately triple accretive, enhancing earnings per share and book value per share.
Strategic Move
Acquisition provides Home BancShares with entry into key Tennessee markets and potential for further expansion.
Financial Impact
The merger is expected to result in triple accretion, boosting earnings per share and book value per share.
Solid Position
Home BancShares will maintain a robust capital position and a pro forma bank with significant assets, loans, and deposits.
- The merger aligns with Home BancShares's M&A track record and strategic growth plans.
- The combined entity is set to strengthen its presence in Tennessee and capitalize on market opportunities for growth.
The acquisition of Mountain Commerce Bancorp marks a significant move for Home BancShares into key Tennessee markets, enhancing its growth prospects and financial performance.