Regulatory Alerts2026-03-12
Federal Reserve Board Announces Approval of Application by Home BancShares
The Federal Reserve Board approved Home BancShares, Inc.’s application to merge with Mountain Commerce Bancorp, Inc., facilitating the consolidation of their respective banking subsidiaries, Centennial Bank and Mountain Commerce Bank. The order permits Centennial Bank to operate as the surviving entity while establishing new branches at Mountain Commerce’s former locations, resulting in a combined organization with approximately $24.7 billion in consolidated assets. After evaluating competitive, financial, managerial, and community reinvestment factors, the Board concluded that the transaction will not substantially lessen competition or adversely affect local banking markets, despite one public comment regarding home lending disparities.
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