M&A
confidence high
sentiment positive
materiality 0.60
Home BancShares receives final regulatory approval for Happy Bancshares merger
HOME BANCSHARES INC
- Federal Reserve Board approves Home's application to acquire Happy Bancshares; all required approvals now received.
- Shareholders of both companies approved the merger on Dec 15, 2021; Arkansas State Banking Board approved Dec 16, 2021.
- Merger expected to close in early April 2022; Happy shareholders receive 2.17 HOMB shares per Happy share.
- John Allison, Chairman and CEO, expressed readiness to begin integration.