Centennial Bank Celebrates Twenty Years of Banking

CONWAY, Ark., Jan. 04, 2019 (GLOBE NEWSWIRE) -- 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 Townsell
Director of Investor Relations
Home BancShares, Inc.
(501) 328-4625