Stonegate Bank

Two of the Best Banks in America Join Forces in Bank Merger - Seite 2

"We are excited to join Home BancShares and Centennial Bank," said Dave Seleski, Stonegate's Chief Executive Officer. "Home and Stonegate are two very high performing franchises with a similar operating philosophy and customer focus. This is a great combination for our shareholders, customers and communities."

"I have known and admired Dave Seleski and Stonegate for a long time. This transaction is the perfect fit for our Florida operation and is financially attractive to both parties," said Tracy French, Centennial's Chief Executive Officer. "More importantly, the organizational values of Stonegate, and its people, align very well with those of Home and we are all committed to providing Stonegate's customers with the highest quality customer service that Centennial customers are accustomed to."

The acquisition is expected to close in the fourth quarter of 2017 and is subject to Home and Stonegate shareholder approval, regulatory approval, and other conditions set forth in the merger agreement. 

Additional Information

The Company's executive management will host an investor conference call today, March 27, 2017 at 4:00 pm CDT (5:00 EDT). Interested parties can listen to this call by calling 1-877-508-9586 and asking for the Home BancShares conference call. A replay of the call will be available by calling 1-877-344-7529, Passcode: 10103902, which will be available until April 3, 2017 at 8:00 a.m. CDT (9:00 EDT). Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.

We encourage all participants to pre-register for the conference call using the following link: http://dpregister.com/10103902. Callers who pre-register will be given dial-in instructions and a unique PIN to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be automatically scheduled as an event in your Outlook calendar.

Additional information regarding the acquisition is provided in a supplemental presentation available on the Company's website at www.homebancshares.com, under the "Investor Relations" section.

Until Centennial and Stonegate convert to a single operating system, which is anticipated to occur in October 2017, Centennial and Stonegate customers should continue to do business at their current Centennial or Stonegate branches. Customers of both banks, however, will be able to use Centennial and Stonegate ATMs free of charge in the near future.