Commerce Street Capital Advises Delta Trust & Banking on its Acquisition by Simmons First National

By: Commerce Street Capital
 
DALLAS - Sept. 2, 2014 - PRLog -- Commerce Street Capital, LLC (http://www.commercestreetcapital.com/Root/commercestreet/index.asp) (“CSC”), a Dallas-based investment banking firm, recently advised Delta Trust & Banking Corporation (http://www.delta-trust.com/) (“Delta Trust”) on its acquisition by Simmons First National Corporation (http://www.simmonsfirst.com/) (NASDAQ: SNFC (http://www.nasdaq.com/symbol/sfnc)). Delta Trust is the holding company for Delta Trust & Bank and is headquartered in Little Rock, Ark. Simmons First National Corporation (“Simmons First”) is the holding company for Simmons Bank and is headquartered in Pine Bluff, Ark. This announcement was made today by Dory Wiley, President and CEO of CSC.

CSC Managing Director Rick Foggia was the lead financial advisor for Delta Trust and was assisted by Managing Director Brian Johnson and Associate Preston Simons. CSC’s team worked closely with Delta Trust’s leadership in the negotiations with Simmons First.

“This deal is a great fit for both institutions and will allow Simmons First to expand its services and continue to deepen its roots throughout Arkansas,” said Foggia. “Delta Trust’s employees will have more career opportunities as Simmons First continues to grow in Arkansas, Missouri, Kansas and Tennessee.”

Prior to this transaction, Delta Trust was a $444 million holding company for Delta Trust & Bank. Delta Trust was founded in 1999 and has 10 locations throughout Arkansas.

Simmons First is a $4.3 billion holding company for Simmons Bank. Founded in 1903, Simmons First offers a variety of financial services to individuals and businesses throughout Arkansas, Kansas, Missouri, and soon Tennessee.

CSC’s Financial Institutions Group practice centers exclusively on serving the needs of the financial services sector. The group aims to provide sound, comprehensive advice, expert structuring and optimum execution to banks, bank holding companies and allied businesses. CSC is recognized as a leader in the industry for its valuation practice and the unbiased analyses and independent opinions it provides to clients to help them fulfill their fiduciary obligations.

#   #   #

About Commerce Street Capital

Commerce Street Capital, LLC (“CSC”) is a private investment banking firm headquartered in Dallas, Texas. Led by veterans of the banking industry, CSC specializes in investment banking services (mergers and acquisitions, valuations and regulatory issue advising) and bank development (on-site consulting, sales and management of bank capital raises, market assessments and the bank regulatory application process). The firm provides tailored solutions for all or part of a financial institution's business lifecycle. For more information, visit www.commercestreetcapital.com or call 214-545-6800. CSC is a member of FINRA/SIPC.

This press release is for information purposes only and does not constitute a solicitation or offer by Commerce Street Capital, LLC, to buy or sell any securities, futures, options, foreign exchange or other financial instrument or to provide any investment advice or service. The testimonials stated within this press release may not be representative of the experience of other clients. The testimonials stated within this press release are not indicative of future performance or success. The testimonials stated within this press release are not paid testimonials.

Contact
Krystal Morris, C Pharr & Company for CSC
***@pharrpr.com
End
Source:Commerce Street Capital
Email:***@pharrpr.com Email Verified
Tags:Commerce Street Capital, Acquisition, Banking, Delta Trust, Arkansas
Industry:Banking, Deals
Location:Dallas - Texas - United States
Subject:Mergers
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Dala Communications News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share