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Arkansas bank inks $150M acquisition

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Conway, Arkansas-based Home BancShares Inc., the parent company of Centennial Bank, has inked an acquisition.

The company agreed to buy Knoxville, Tennessee-based Mountain Commerce Bancorp Inc. in a $150 million all-stock transaction.

Combined with Mountain Commerce, Home BancShares would have $25 billion in assets and roughly $19 billion in deposits.

Read more from Arkansas Business.

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