Home BancShares shareholders and state regulators approve $1.02B Happy Bancshares acquisition

HOME BANCSHARES INC

Shareholders voted 99.47% in favor of issuing HOMB common stock for the Happy merger.
Happy shareholders approved the deal with 90.7% of outstanding shares voting; 97.27% of votes cast in favor.
Arkansas State Banking Board and Bank Commissioner approved the merger; Fed approval still pending.
Transaction valued at ~$1.02B based on 2.17 HOMB shares per Happy share at $24.05 VWAP.
Closing expected in Q1 2022 subject to remaining regulatory clearance.

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