Home BancShares, Inc. Names Randy Sims Vice Chairman of Home BancShares and Executive Chairman of Centennial Bank
April 19 2019 - 8:15AM
Home BancShares, Inc. (NASDAQ GS: HOMB), parent company of
Centennial Bank, announced today that Randy Sims, Chief Executive
Officer and President of Home BancShares, has been named to Vice
Chairman of Home BancShares and Executive Chairman of Centennial
Bank.
Centennial Bank has experienced successful
growth in the last twenty years. It makes sense as we look to the
future to utilize our talented team in the best ways possible that
will benefit the Bank, the Holding Company and the
shareholders.
Sims will replace Robert Adcock who was Vice
Chairman of Home BancShares.
John Allison remains as Chairman of Home
BancShares and Sims will hold the positions of Vice Chairman, Chief
Executive Officer and President of Home BancShares and Executive
Chairman of Centennial Bank. Tracy French remains as Chief
Executive Officer of Centennial Bank and Robert Adcock remains as
Vice Chairman of Centennial Bank.
Allison’s role at Home BancShares goes
unchanged. He will continue to advise the Bank and remain focused
on holding company activities such as mergers and acquisitions,
strategic alternatives and working with our investment
community.
“I have worked with Johnny for thirty-two years
and he has been my mentor. The fundamental principles that this
company was built on are the principles that Johnny and I created
to make this company a success. The Bank will continue down the
path that we have already created,” said Randy Sims.
“Centennial Bank is fortunate to have a strong
bench with a lot of depth and experience,” said John Allison.
“Randy Sims has been with me and the Bank since day one. He knows
the history of the Bank, our customers and our shareholders and has
a great team to work with,” continued 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, 2018 filed with the SEC on February
26, 2019.
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
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