July 10 - Centennial Bank, wholly owned subsidiary of Arkansas-based Home BancShares Inc. (Nasdaq: HOMB), has named Davy Carter regional president. His duties and responsibilities will include the Liberty Bank acquisition. The deal for Home BancShares Inc., to purchase Liberty Bancshares was announced June 25, 2013. The merger will create the second largest bank holding company headquartered in Arkansas with approximately $7.1 billion in total assets.
"We were grateful Davy returned to our corporate family a few months ago," said Randy Sims, CEO of Centennial Bank. "This will be the perfect opportunity for Davy and the bank," said Sims.
Carter is the current speaker of the Arkansas House of Representatives, where he is serving his third term, and he is a graduate of Arkansas State University in Jonesboro with a bachelor's degree in finance. In addition, he holds a juris doctor with honors from the University of Arkansas at Little Rock's William H. Bowen School of Law and is an alumnus of the Graduate School of Banking at Louisiana State University in Baton Rouge.
Home BancShares Inc. is a bank holding company, headquartered in Conway, Ark. 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 locations in Central Arkansas, North Central Arkansas, Southern Arkansas, the Florida Keys, Southwestern Florida, Central Florida, the Florida Panhandle and South Alabama. On completion of the Liberty Bank transaction, Centennial Bank will have additional locations in Northeast Arkansas, Northwest Arkansas and Western Arkansas. The company's common stock is traded through the NASDAQ Global Select Market under the symbol "HOMB."