Simmons First National Corporation and Spirit of Texas Bancshares, Inc. Announce Intent to Merge - November 19, 2021
PINE BLUFF, Ark and CONROE, Texas. - Simmons First National Corporation (NASDAQ: SFNC) (“Simmons” or “Company”) and Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) (“Spirit”) announced today the execution of a definitive merger agreement (the “Merger Agreement”) pursuant to which Simmons
will acquire Spirit, and its wholly-owned subsidiary, Spirit of Texas Bank SSB (the “Proposed Transaction”), in a transaction consisting of a mixture of cash and Simmons’ common stock with an aggregate value of approximately $581 million, based on the Simmons’ closing stock price of $31.73 on November 17, 2021.