Ponca City, OK

Now: 44 °F

Currently: Cloudy

Hi: 44 °F | Lo: 28 °F

Friday

Hi: 53 °F 

Lo: 34 °F

Saturday

Hi: 63 °F 

Lo: 43 °F

Sunday

Hi: 52 °F 

Lo: 32 °F

Monday

Hi: 57 °F 

Lo: 33 °F

Tuesday

Hi: 61 °F 

Lo: 34 °F

Arkansas-based bank to acquire Oklahoma’s Southwest Bancorp

The Associated Press - December 15, 2016 9:34 am

PINE BLUFF, Ark. (AP) – Arkansas-based Simmons First National Corp. has announced plans to buy an Oklahoma bank in a deal valued at more than $564 million.

Simmons, which is based in Pine Bluff, announced Wednesday that it would purchase Southwest Bancorp, Inc. of Stillwater, Oklahoma. Southwest Bancorp is the parent company of Bank SNB, which has 31 branches in four states.

Simmons says the deal is expected to close during the third quarter of 2017. Simmons’ chairman and CEO, George Makris Jr., says the acquisition allows Simmons to enter new markets in Oklahoma, Texas and Colorado.

Southwest Bancorp has nearly $1.9 billion in loans and $1.95 billion in deposits.

 

Latest Stories

Former director of OSU’s Multispectral Laboratories charged with multi-million-dollar fraud

OKLAHOMA CITY — A federal grand jury has charged Daniel Webster “Web” Keogh, 47, and Danielle...

Auditor says four health department workers sounded first alarms

OKLAHOMA CITY (AP) – Oklahoma State Auditor and Inspector Gary Jones says four employees of the...

Press conference set in assault allegations

NORMAN, Okla. (AP) – An Oklahoma prosecutor has scheduled a news conference to announce whether Sooners...