Welcome

We were
founded as a
community bank.

Over 100 years later,
we still act like one.

Meet the people, the numbers, and the dedication behind Simmons Bank —a bank that has never lost sight of our community bank heritage, or our commitment to relationship banking.

Founded in 1903

Simmons Bank was founded in Pine Bluff, Arkansas, with the first day’s deposits of $3,338.22.

200+ locations

6 states and growing

Our approach to banking is working,
and helping us grow.

$22.4 billion total assets

579% asset size increase since 2011

It’s both a milestone in our history, and
testament to how we work.

As of Dec. 31, 2020.
George A. Makris, Jr.
George A. Makris, Jr. Chairman and Chief Executive Officer Simmons First National Bank

A word from our CEO

I am incredibly grateful to our associates for their dedication and hard work.

“Undoubtedly, each of us will look back on 2020 as a time of extraordinary challenge. Challenge for ourselves, our communities, our nation, and, indeed, our world.”

About

Who we are,
where we're going

Dedicated to helping people and businesses realize their financial dreams.

Simmons Bank’s 2020 divisional structure centers on our community banking philosophy—empowering local leaders to make decisions at the local level. We have steadily grown to serve Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas.

100 Fastest Growing Companies

Fortune's 2020 ranking of the world's best three-year performers

More than 2,900 associates

Across more than 200 locations

Forbes 2020 World's Best Banks

Simmons Bank receives recognition for doing what we do best.

Banking on Our People

In early 2020, we launched “Banking on Our People,” an initiative aimed at enhancing experiences for current associates and attracting new talent.

Simmons First Foundation

The Simmons First Foundation is committed to serving youth in the fields of education and health care across our bank’s footprint. The Foundation also supports underserved, low-to-moderate-income (LMI) families by funding housing and environmental initiatives.

  • Since 2014, the bank's contributions now total $13 million.
  • Funding requests come from bank associates across our markets.
  • In 2020, the Foundation funded 55 grants—nearly $354,000 in support.
  • Beginning in 2021, Simmons First Foundation will use a new $3 million endowment for environmentally focused grants with interests in conservation and other agriculture projects.
Culture

Our culture in focus

Being a “Great Place to Work” is one of our company’s strategic pillars.

And it’s validated by accolades from publications across our footprint. We seek to go the extra mile for our customers and communities—through exceptional service, volunteerism, and in the strong career growth opportunities we offer our associates.

Arkansas Business - Best Places to Work
BPtW - 2020 Best Places to Work
Forbes 2020 - Best-in-state Employer -Arkansas
Jena Compton
Chief People and Corporate Strategy Officer

Simmons Service Month

During our third annual Simmons Service Month in September 2020:
More than 170 communities benefited from our associates’ volunteerism and donations. Community organizations included schools, homeless shelters, food pantries and church ministries.

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items donated

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volunteering associates
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Simmons Bank presented $30,000 to Junior Achievement to fund financial literacy training.

Associates donated more than $818,000 to United Way via Simmons’ Payroll Deduction Donation Program in 2020.

More than 1,260 associates performed community service acts in 2020.

Our response to a challenging year:

Simmons Bank associates stepped up to support first responders, emergency workers, health care professionals and small business owners with acts of kindness.

Paycheck Protection Program (PPP)

Helping small businesses receive critical funding during the first round of PPP in 2020:

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PPP loans

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in small business funding

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jobs supported

Community action

Due to the preparation and leadership of our Crisis Committee, Simmons Bank was equipped to adjust our operating model to ensure safe and continuous service for our customers. In addition to working alongside clients to offset the economic challenges of the pandemic, our team really stepped up. We supported frontline workers in health care and public service with meal deliveries and gift bags, inspiring a #SimmonsProud series on our internal blog. This helped us remain focused on our Better Together culture during challenging times.

image of volunteers delivering pizza

Benefit concert

Simmons Bank sponsored a livestream charity concert live from Simmons Bank Arena which raised $30,000 for hunger relief throughout Arkansas.

image from benefit concert
headshot of Stacy Bowers
Behind every successful organization are exceptional people. 2020 certainly confirmed this truth as our Texas team rose to the occasion and overcame a year of challenges.

Stacy Bowers|Community Affairs Officer

Community divisions

Explore the unique character and qualities of each region we serve.
  • Arkansas Communities

Overview

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North Texas Tennessee Western Division Central Arkansas arkansas-communities Western Division Western Division Missouri
Figures shown as of Dec. 31, 2020.
Responsibility

Stewarding trust

Environmental, social and corporate responsibility

Our value of stewardship is backed by a focus on environmental responsibility, a vibrant and diverse culture, and strong community involvement aimed at helping break down economic barriers.

Explore our areas of environmental impact:

Environmental stewardship

Simmons Bank’s environmentally conscious renovations have helped us reduce greenhouse gasses across our footprint.

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carbon dioxide eliminated

LED lighting retrofits have eliminated more than 1,200 metric tons of carbon dioxide since 2016.

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investment to reduce
carbon emissions

In 2019, a summer intern program identified opportunities for reducing carbon emissions. Findings resulted in more paperless meetings and a $500,000+ investment in network and teleconferencing equipment to reduce travel and reliance on paper.

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pounds of paper recycled

In the first quarter of 2020, nearly 177,000 pounds of paper was recycled through our partnership with Shred-it vendor:

Shred-it
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trees saved
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landfill space saved
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gallons of water saved

Lower
environmental
impact

Simmons Bank holds preferred stock investments in The Sentinel Record and Pine Bluff Commercial, Arkansas publications that support the newspaper industry's move from paper to electronic delivery. This ultimately results in saved trees with less of an impact on the environment.

Beginning in 2021, Simmons First Foundation will use a new $3 million endowment for environmentally focused grants with interest in conservation and other agriculture projects.

Reinvesting in our communities

Our Community Reinvestment Act (CRA) efforts focus on affordable housing, economic development and community service.

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CRA charitable giving

$1.4 million contributed toward CRA charitable giving between 2018–2020.

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small loans funded for
small businesses

Nearly 13,600 small loans funded for businesses in 2020, with nearly 5,300 loans benefitting businesses with less than $1 million in revenue.

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community development
loans

In 2020, Simmons Bank originated, renewed or refinanced approximately $242 million in community development loans, with $15 million provided to support affordable housing.

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engagement activities
performed

More than 3,000 community engagement activities performed from 2018–2020, with nearly 1,500 directed to support financial literacy.


Watch the interview with

Martie North
SVP, Director of Community Development/CRA

Customer and stakeholder benefits

Secure, accessible, ethical. These attributes define Simmons Bank’s philosophy and customer experience.

Secure

Our commitment to safeguarding data is backed by tremendous investments in:

Cutting-edge cyber monitoring software, robust reporting and empowered information security leadership.

Enhanced practices during COVID-19: Heightened security protocols safely accommodated increased work-from-home scenarios.

Accessible

Ongoing digital enhancements deliver effortless access to products and services, as well as personalized support from our financial experts.

In 2020, Simmons Bank partnered with the Medallia survey platform to launch our Voice of the Customer Program.

“Net Promoter Score” ratings give us valuable insights into ways we can meet or exceed customer expectations.

Ethical

Ethics and anticorruption training are a focus at Simmons Bank.

Training includes a robust emphasis on anti-bribery provisions that fall under the Foreign Corrupt Practices Act, as well as money laundering and anti-corruption.

In 2020, seven ethics courses were distributed across the organization with several topics targeting specific roles for the most pertinent education possible.

Multiple avenues to report concerns: Internal resources include our Whistleblower policy, designed to guard an associate’s confidentiality and protect against retaliation, along with our AskHR and Fair Banking groups.

External Employment Assistance Program line: A confidential resource to address a host of associates’ needs, including ethical situations.

Product spotlights

Simmons Bank offers a variety of products to help ensure that our LMI customers are well served.

Our BankOn-certified Affordable Advantage Checking:

  • More than 230 account holders as of Dec. 31, 2020

  • Includes safeguards against overdrafts

Our 100% Advantage Mortgage:

  • Requires zero down payment

  • Available in select markets

Growth

Growth

Expanding the reach of a personal touch

During recent years of strong growth, Simmons Bank has never lost sight of our community bank heritage or our commitment to relationship banking.


Mergers and Acquisitions:

Expanding our service footprint

While the Simmons Bank success story began more than 100 years ago, much of the unprecedented growth that we have experienced in recent years is due to our mergers and acquisitions (M&A) strategy. We combine robust M&A activity with a focus on keeping customers at the center of all we do, allowing us to grow from a place of authenticity and strength.

Acquisition timeline

Amounts shown are as of the respective closing date.
2013
Metropolitan National Bank logo
Arkansas
Arkansas
Asset size: $919 million
Deposits: $838 million
Loans: $457 million
2014
Delta Trust logo
Arkansas
Arkansas
Asset size: $417 million
Deposits: $355 million
Loans: $312 million
2015
First State logo
Tennessee
Tennessee
Asset size: $1.92 billion
Deposits: $1.54 billion
Loans: $1.14 billion
Liberty Bank logo
Missouri
Missouri
Asset size: $1.07 billion
Deposits: $875 million
Loans: $781 million
Trust Company of the Ozarks logo
Missouri
Missouri
Assets Under
Management:
$1 billion
2016
Citizens National Bank logo
Tennessee
Tennessee
Asset size: $585 million
Deposits: $510 million
Loans: $341 million
2017
First South Bank logo
Tennessee
Tennessee
Asset size: $463 million
Deposits: $389 million
Loans: $252 million
bank SNB logo
Oklahoma
Oklahoma
Asset size: $2.69 billion
Deposits: $1.97 billion
Loans: $2.00 billion
Southwest Bank logo
Texas
Texas
Asset size: $2.43 billion
Deposits: $1.88 billion
Loans: $2.21 billion
2019
RelianceBank logo
Missouri
Missouri
Asset size: $1.53 billion
Deposits: $1.23 billion
Loans: $1.10 billion
Landmark Bank logo
Missouri
Missouri
Asset size: $3.40 billion
Deposits: $3.05 billion
Loans: $2.01 billion

80th largest bank in the U.S.

By consolidated assets, according to the Federal Reserve.

112 consecutive years paid shareholder dividend

We're proud to have a steady record of performance and service.

26.78% average annual asset growth

Over the last five years.

Growing self-service options through digital focus

A significant result of Simmons Bank’s growth is our ability to deliver highly personalized experiences across all of our platforms. Alongside an upgraded Online Banking experience, many other lines of business increased markedly in 2020, including self-service options for Digital Banking, Treasury Management, and Credit Card.

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increase in mobile deposit transactions in 2020 compared to 2019

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rating on IOS App Store*
*Rated 4.8/5 stars in the Apple App Store as of 03/21.

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increase in new mobile users in 2020 compared to 2019

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increase in mobile deposit dollars in 2020 compared to 2019
Digital team cutting the ribbon in front of the new Customer Experience Center
Digital team opens Customer Experience Center.
With a goal to build the most intuitive digital experience possible for customers, the User Experience Center opened in Simmons Bank’s River Market building in Little Rock in December 2020. The center is designed to drive innovation and anticipate customer needs.

Digital team produces record numbers

A significant result of Simmons Bank’s robust growth is our heightened ability to deliver highly personalized experiences to each customer across all our platforms—with greater speed, agility and precision:

  • Digital Banking Growth
    As 2020 accelerated digital adoption across the banking industry, Simmons Bank’s digital team stood prepared. Simmons Bank’s intuitive digital solution easily accommodated a tremendous influx of new users and simultaneous usage: 84 percent of customers that transacted with Simmons Bank in the last 90 days of 2020 were enrolled in digital banking.

  • Mobile Deposit
    Our mobile deposit enhancements allowed larger deposit limits while simultaneously reducing risk for the bank.

  • Digital Account Origination
    Our 2020 accomplishments were capped by the development of our new online account origination solution—new customers can open an account in less than five minutes with an automated ID scan, increasing security and reducing the amount of information a user is required to type.

headshot of Alex Carriles
Simmons Bank is the best option for someone who wants to bank using some of the most advanced digital tools available, without losing that sense of personal touch.

Alex Carriles|Chief Digital Officer

Growing our wealth of experience

Simmons Bank’s wealth management team has a long history of helping our clients pursue a brighter financial future. Today, our wealth management team consists of more than 100 associates who oversee approximately $7.7 billion in assets.

Wealth and Investment Services: 2020 Highlights

In 2020, we initiated an effort to leverage the best ideas of the legacy firms into a cohesive and disciplined investment strategy. Key accomplishments include:

  • Trust non-interest income and pre-tax earnings rose 14 percent and 34 percent, respectively, in 2020.

  • Brokerage and Advisory assets grew by 34.2 percent.

  • Wealth platform upgrades enhanced our investment process and custodian requirements.

  • Landmark Investments and Landmark Trust assets were successfully converted and integrated.

  • New wealth advisors were added in key markets.

  • Enhancements to digital offerings impacted Trade Direct and Guided Wealth Portfolios.

2020 was an incredibly impactful year for our department. We focused on driving efficiencies across all our offerings, honing delivery and customer experience in ways that are now felt throughout the Simmons Bank footprint.

Jimmy Crocker|
EVP, Head of Wealth Management

Growing value:

Leveraging business lines to drive non-interest income

Another focus of Simmons Bank’s recent growth has been the leveraging of ancillary lines of business to drive non-interest income. Standout examples include Simmons Bank’s Mortgage and Trust teams.

Locations with mortgage loan originators

red placemarkPre-2020 blue placemarkAdded in 2020
  • Mortgage team closes record year

    Historically low interest rates and a coronavirus-fueled housing market triggered record volume for our Mortgage group in 2020. Aided by an initiative that kicked off in June 2019 to centralize operations, expand recruitment efforts and bolster sales, this team entered 2020 positioned for its best production year yet.

  • An additional success was the development of a distinct commission plan to increase home loans for low-to-moderate-income (LMI) individuals. This focus was paired with updates to our affordable home mortgage product to differentiate Simmons Bank in the market and make home ownership attainable for more people in our communities.

In 2020, Simmons’ Mortgage team assisted nearly 5,900 borrowers by funding more than $1.3 billion in home loans.

Michael Powell|
Mortgage Division President

Financials

2020 financial highlights

Capital, asset quality and asset growth
Download the 2020 Annual Report

Explore our record-breaking highlights:

Total asset growth

2011 through 2020 | $ in billions

Total assets of $22.4 billion

Market capitalization

2011 through 2020 | $ in billions

Earnings growth

2011 through 2020 | $ in billions

Long-term total shareholder return

2007 through 2020 | $ in billions

We take pride in being a community bank.

And for over 100 years, we’ve worked hard to have the strength of one of the premier banks in the region. By investing in our friends and neighbors, Simmons Bank empowers local leadership to make decisions at the local level. It’s how we help make our customers’ dreams come true—dreams like buying a home, starting a business or simply having the ability to manage your money safely and securely, anywhere you happen to be.

  • Simmons Wealth Management is a marketing name used by the trust department of Simmons Bank.
  • Investment and Insurance Products are: Not a Deposit | Not FDIC Insured | Not Insured By Any Federal Government Agency | Not Bank Guaranteed | May Lose Value
  • Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Simmons Bank is not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the marketing name Simmons Investment Services, and may also be employees of Simmons Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Simmons Bank. Securities and insurance offered through LPL or its affiliates are:
  • Not Insured By FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value