Stinson Leonard Street Represents Liberty Bancshares and Liberty Bank in Sale to Simmons First National Corporation
Stinson Leonard Street LLP advised Liberty Bancshares, Inc. and Liberty Bank in a transaction announced today in which Simmons First National Corporation (NASDAQ-GS: SFNC) will acquire Liberty Bancshares and its wholly-owned subsidiary Liberty Bank. The stock transaction is valued at approximately $206.9 million.
Liberty and Simmons have issued a news release with additional details concerning the transaction.
Stinson Leonard Street's team of attorneys advising Liberty Bancshares included: Kyle McCurry, Bob Monroe, and Jason Nonnemaker. Liberty Bancshares was advised by the investment banking firm of Keefe, Bruyette & Woods, Inc. Simmons was advised by the investment banking firm of Sterne, Agee & Leach, Inc. and the law firm of Quattlebaum, Grooms, Tull & Burrow, PLLC.
The above-named attorneys from Stinson Leonard Street are members of the firm's Banking and Financial Services Division, which handles mergers and acquisitions, regulatory matters, commercial lending and creditors’ rights for community and regional banks, and large national banks. Stinson Leonard Street has consistently placed near the top of SNL Financial's deal rankings in recent years. In 2012, the firm advised on more bank and thrift mergers and acquisitions, and branch sales, than any other U.S. legal advisor, according to SNL Financial data.
Springfield, Mo.-based Liberty Bancshares, is a $1.1 billion financial services company offering commercial banking services through 23 Liberty Bank financial centers in Southwest Missouri.
Simmons First National Corporation is a $4.4 billion Arkansas-based bank holding company operating throughout Arkansas, Kansas and Missouri. Simmons' common stock trades on the NASDAQ Global Select Market under the symbol "SFNC."