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SFNC > SEC Filings for SFNC > Form 8-K on 17-Sep-2013All Recent SEC Filings

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Form 8-K for SIMMONS FIRST NATIONAL CORP


17-Sep-2013

Entry into a Material Definitive Agreement, Financial Statements and


Item 1.01 Entry Into a Material Definitive Agreement.

Stock Purchase Agreement

On September 12, 2013, the registrant entered into a stock purchase agreement with Rogers Bancshares, Inc. to acquire all of the outstanding shares of common stock of Metropolitan National Bank ("MNB") for a purchase price of $53.6 million. The execution of the stock purchase agreement was signed after the conclusion of an auction of the MNB stock held on September 9, 2013 and the approval of the sale by the U. S. Bankruptcy Court for the Eastern District of Arkansas at a hearing held on September 12, 2013 in the Chapter 11 proceeding of Rogers Bancshares, Inc.

The purchase price is to be paid in cash at closing. The purchase transaction is subject to approval by certain bank regulatory agencies and other customary closing conditions. The sale transaction is expected to close in early December, 2013.

The foregoing description of the Stock Purchase Agreement and the transactions contemplated therein does not purport to be complete and is subject to, and qualified in its entirety by the full text of the Stock Purchase Agreement with which is attached as Exhibit 10.1 and incorporated by reference herein.



Item 9.01 Financial Statements and Exhibits.

Exhibit 10.1 Stock Purchase Agreement by and between Simmons First National Corporation and Rogers Bancshares, Inc., dated as of September 10, 2013


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