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Tag: simmons bank

Simmons Bank Names Regional Trust President, Allan Ivie for MO-KS
Business

Simmons Bank Names Regional Trust President, Allan Ivie for MO-KS

ST. LOUIS, Missouri (STL.News) Simmons Bank has promoted Allan Ivie to regional president, wealth management, for its Missouri-Kansas markets.  In this role, Ivie will oversee the bank’s existing trust teams in Columbia and Springfield, Missouri while spearheading new trust teams in St. Louis, Kansas City, Missouri and Wichita, Kansas. “With nearly 40 years of industry and leadership experience, Allan brings tremendous knowledge to this role, along with standout personal qualities like passion and the sincere desire to help others succeed,” said Jimmy Crocker, Simmons Bank’s executive vice president, wealth management, who recently joined the organization.  “We look forward to seeing his heightened impact on our growing team and client base through this new position.” “The Simmons tr...
CEFCU enters into agreement with Simmons Bank to Purchase Branches
Business

CEFCU enters into agreement with Simmons Bank to Purchase Branches

Peoria, IL and Pine Bluff, AR (STL.News) Citizens Equity First Credit Union (“CEFCU”) and Simmons Bank (“Simmons”) have entered into an agreement pursuant to which CEFCU will purchase four Simmons Bank branches located in the Metro East area of Southern Illinois, near St. Louis.  Select loan and deposit accounts, along with non-deposit product relationships, are included in the purchase. Subject to the approval of the purchase by the appropriate state and federal regulatory agencies, CEFCU expects the transition to occur in the first quarter of 2021.  Customers of the four Simmons’ branches will receive communications from CEFCU and Simmons Bank with additional information about the change. “CEFCU has a longstanding history of success and growth through improving the financial well-b...
Simmons Bank Appoints Christian Lewis as Regional Community President
Business

Simmons Bank Appoints Christian Lewis as Regional Community President

Christian Lewis Named Simmons Bank Regional Community President of Southwest Missouri SPRINGFIELD, MO (STL.News) Simmons Bank recently announced Christian Lewis as the new regional community president to lead the southwest region of Missouri.  With more than a decade of banking experience, Lewis most recently served as a regional small business administration (SBA) credit officer for Simmons Bank after receiving a promotion in 2019. Lewis began his career as a credit analyst with Liberty Bank in 2011 and became a commercial lender in 2012.  Following Simmons Bank’s 2015 acquisition of Liberty Bank, he continued to serve as a commercial loan officer and was promoted to a regional SBA banker in 2016 managing lending in Missouri, Arkansas and Tennessee. “Simmons Bank is proud to promote Chr...
Simmons Bank Reports Third Quarter 2020 Earnings
Business

Simmons Bank Reports Third Quarter 2020 Earnings

Pine Bluff, AR (STL.News) Simmons First National Corporation (NASDAQ: SFNC) (the “Company” or “Simmons”) today announced net income of $65.9 million for the quarter ended September 30, 2020, compared to $81.8 million for the same period in 2019, a decrease of $15.9 million, or 19.5%.  Diluted earnings per share were $0.60, a decrease of $0.24, or 28.6%, compared to the same period in the prior year.  Included in the third quarter of 2019 results was a one-time after-tax gain on the sale of Visa Inc. class B common stock of $31.7 million. Included in third quarter 2020 results were $2.5 million in net after-tax merger-related, early retirement program and net branch right-sizing costs.  Excluding the impact of these items, core earnings were $68.3 million for the quarter ended September 30...