Centennial Bank Celebrates Twenty Years of Banking
January 04 2019 - 8:15AM
Centennial Bank (“Centennial”), a wholly-owned subsidiary of Home
BancShares, Inc. (NASDAQ GS: HOMB) (“Home” or “the Company”),
opened its doors twenty years ago today in Conway, Arkansas as
First State Bank. Since that time, Home has completed twenty-three
acquisitions reaching $15 billion in assets.
In 2006, the Company completed an Initial Public
Offering and began trading on the NASDAQ under the ticker symbol of
“HOMB.” In 2009, the decision was made to consolidate their
banking charters and rebrand their banking subsidiary as Centennial
Bank.
“We set out to start a small community bank for
friends and family,” said John Allison, Chairman and Co-Founder.
“We started out with about twelve employees, our ‘dirty
dozen,’ most of whom are still with us today. Now, twenty
years later, Centennial employs over 1,800 people in multiple
states with over 430 employees in Conway and the surrounding
area. We are very pleased to be one of Conway’s largest
employers,” Allison continued.
“We’ve gone from Main Street to Wall Street, and
Centennial now serves over 100 communities, but we are proud to
continue to call Conway, Arkansas home,” Allison added.
“The last twenty years have resulted in more
growth and success than I would have predicted in 1999. As we
celebrate the last twenty years, I look forward to seeing what the
future holds for Centennial Bank,” said Allison.
General
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
could cause actual results to differ materially from those
contemplated by the forward-looking statements. These factors
include, but are not limited to, the following: economic
conditions, credit quality, interest rates, loan demand, the
ability to successfully integrate new acquisitions, increased
regulatory requirements as a result of our exceeding $10 billion in
total assets, legislative and regulatory changes, technological
changes and cybersecurity risks, competition from other financial
institutions, changes in the assumptions used in making the
forward-looking statements, and other factors described in reports
we file with the Securities and Exchange Commission (the “SEC”),
including those factors set forth in our Annual Report on Form 10-K
for the year ended December 31, 2017 filed with the SEC on February
27, 2018.
Home BancShares, Inc. is a bank holding company,
headquartered in Conway, Arkansas. Its 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.”
FOR MORE INFORMATION CONTACT:
Donna TownsellDirector of Investor RelationsHome BancShares,
Inc.(501) 328-4625
Home BancShares (NASDAQ:HOMB)
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