Arkansas-based bank to acquire Oklahoma's Southwest Bancorp

     (AP) – Arkansas-based Simmons First National Corp. has

announced plans to buy an Oklahoma bank in a deal valued at more than $564

million.

     Simmons, which is based in Pine Bluff, announced Wednesday that it will

purchase Southwest Bancorp, Inc. of Stillwater, Oklahoma. Southwest Bancorp is

the parent company of Bank SNB, which has 31 branches in four states.

     Simmons says the deal is expected to close during the third quarter of 2017.

Simmons’ chairman and CEO, George Makris, Jr., says the acquisition allows

Simmons to enter new markets in Oklahoma, Texas and Colorado.

     Southwest Bancorp has nearly $1.9 billion in loans and $1.95 billion in

deposits.

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