HOMB · Home Bancshares, Inc.

Home BancShares, Inc. has successfully finalized its acquisition of Mountain Commerce Bancorp, Inc. (MCBI), effective April 1, 2026. The transaction, governed by a Merger Agreement dated December 7, 2025, was structured as a stock-for-stock exchange. Under the terms, MCBI shareholders received 0.85 shares of Home common stock for each share of MCBI owned, totaling approximately 5.4 million new shares issued by Home. The deal was valued at approximately $146 million as of the closing date, with no cash component aside from payments for fractional shares calculated at $26.77 per share. The integration involves merging MCBI's subsidiary bank, Mountain Commerce Bank, into Home's subsidiary, Centennial Bank, thereby consolidating operations and expanding Home's market presence. As of December 31, 2025, MCBI brought approximately $1.77 billion in total assets, $1.49 billion in loans, and $1.54 billion in deposits to the combined entity. Management highlighted the strategic expansion into Tennessee, noting the transaction adds eight branches in the state and enhances the company's ability to serve the region. Advisors for the transaction included Piper Sandler and Bass, Berry & Sims PLC for MCBI, and Hovde Group, LLC, DD&F Consulting Group, and Mitchell, Williams, Selig, Gates & Woodyard, PLLC for Home.