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Financial M&A image Financial M&A » By The Online Investor Staff, updated Tue., Jun. 22, 7:59 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #54. Home BancShares, Inc. Florida Traditions Bank

Acquirer: Home BancShares, Inc. (NASDAQ:HOMB)
Acquiree: Florida Traditions Bank
Details: Home BancShares, Inc. (Nasdaq:HOMB) ("Home" or "the Company"), parent company of Centennial Bank ("Centennial"), and Florida Traditions Bank ("Traditions"), today announced they have entered into a non-binding letter of intent for the Company to acquire all of the outstanding shares of Traditions, which will be merged into Centennial. Traditions' shareholders will receive approximately $43 million of Home common stock. Although the parties have entered into a letter of intent, there is no guarantee the parties will enter into a definitive agreement.

Home Bancshares is a bank holding company. Through its subsidiary, Centennial Bank (the Bank), Co. is primarily engaged in providing a range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. The Bank has branch locations in Arkansas, Florida, South Alabama and New York City. Co. originates loans secured by single and multi-family real estate, residential construction and commercial buildings. Co. also provides a range of deposit services, including checking, savings, money market accounts and certificates of deposit.

HOMB SEC Filing Email Alerts Service


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Company Name: 
Home BancShares Inc
Stock buyback: 
HOMB buyback
Website: 
www.homebancshares.com
Sector: 
Banking & Savings
Number of ETFs Holding HOMB: 
64
Total Market Value Held by ETFs: 
$782.57M
Total Market Capitalization: 
$3.97B
% of Market Cap. Held by ETFs: 
19.69%
 

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Strong Buy (3.75 out of 4)
68th percentile
(ranked higher than approx. 68% of all stocks covered)

Analysts' Target Price:
HOMB Stock Forecast

Based on Zacks ABR data;
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