Home BancShares, Inc. Invests in Employees
January 12 2018 - 5:15PM
Home BancShares, Inc. (Nasdaq:HOMB) (“Home” or “the Company”),
parent company of Centennial Bank (“Centennial”), announced plans
today to distribute a one-time bonus of $500 for more than 850
full-time tenured employees. The actions are in appreciation for
the commitment employees show in supporting customers and building
stronger communities.
“We are investing in our most important asset –
our people,” said John Allison, Home BancShares, Inc.
Chairman. “Our employees drive our reputation, our business
and ultimately our success. Investing in these individuals is
an important step to help support them, their families and the
communities in which we operate.”
Newly passed tax legislation includes a
reduction in corporate tax rates from 35% to 21% and is designed to
spur economic growth.
“The tax reform has created the opportunity for
us to reward our employees who are working hard each day to both
serve our customers and enrich relationships in our communities,”
added Mr. Allison. “We look forward to identifying additional
opportunities for Home BancShares to invest in our people and
communities as we continue to execute our business strategies and
deliver long-term value to our shareholders.”
“We believe tax reform is good for our U.S.
economy and we are very happy to share with our valuable team
members some portion of the benefits Home BancShares will realize
by the enactment of the recent tax reform,” said Tracy French,
Centennial Bank President and CEO.
Approximately 53 percent of full-time employees
will receive this one-time bonus which is expected to be
distributed during January 2018. Employees with base salaries
exceeding $50,000 are excluded from this compensation. Home
BancShares, Inc. is a bank holding company, headquartered in
Conway, Arkansas. Our wholly-owned subsidiary, Centennial Bank,
provides a broad range of commercial and retail banking plus
related financial services to businesses, real estate developers,
investors, individuals and municipalities. Centennial Bank has
branch locations in Arkansas, Florida, South Alabama and New York
City. The Company's common stock is traded through the NASDAQ
Global Select Market under the symbol “HOMB.”
This release contains forward-looking statements
regarding the Company's plans, expectations, goals and outlook for
the future. Statements in this press release that are not
historical facts should be considered forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements of this type speak only as of
the date of this news release. By nature, forward-looking
statements involve inherent risk and uncertainties. Various
factors, including, but not limited to, economic conditions, credit
quality, interest rates, loan demand, the ability to successfully
integrate new acquisitions and changes in the assumptions used in
making the forward-looking statements, could cause actual results
to differ materially from those contemplated by the forward-looking
statements. Additional information on factors that might affect
Home BancShares, Inc.'s financial results is included in its Annual
Report on Form 10-K for the year ended December 31, 2016 filed with
the Securities and Exchange Commission (the “SEC”) on February 28,
2017.
FOR MORE INFORMATION CONTACT:
Jennifer C. FloydChief Accounting Officer & Investor
Relations OfficerHome BancShares, Inc.(501) 339-2929
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