Home BancShares to purchase Mountain Commerce Bancorp

Centennial Bank’s parent company Home BancShares (HOMB) has reached a definitive agreement to purchase Mountain Commerce Bancorp in an all-stock transaction. The merger will see HOMB as the surviving entity. The agreement, approved unanimously by both companies' directors' boards, grants access to the Nashville, Knoxville, and Johnson City metropolitan statistical areas. According to the definitive merger agreement, Mountain Commerce shareholders will obtain 0.850 shares of HOMB stock for each Mountain ...