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News Breaks | | | | December 2, 2012 | | 14:09 EDT |  | HOMB | Centennial Bank announce acquisition of Premier Bank branch locations
Centennial Bank, a wholly-owned subsidiary of Home BancShares, announced the completion of its acquisition of all of the banking locations of Premier Bank , a Florida state-chartered bank and wholly owned subsidiary of Premier Bank Holding Company, "PBHC", pursuant to a previously announced purchase and assumption agreement, dated August 14, 2012, between Home BancShares, Centennial, PBHC and Premier. Upon the closing of the acquisition on December 1, Home BancShares purchased all of the issued and outstanding shares of common stock free and clear of all liens, claims and encumbrances and assumed no liabilities of PBHC. At the time of the acquisition, Premier operated a total of 6 banking locations in the Tallahassee, FL and the surrounding area. | |
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