financetom
Business
financetom
/
Business
/
Mountain Commerce Bancorp, Inc. Announces Receipt of Regulatory Approvals For Merger with Home BancShares, Inc.
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mountain Commerce Bancorp, Inc. Announces Receipt of Regulatory Approvals For Merger with Home BancShares, Inc.
Mar 24, 2026 2:15 PM

KNOXVILLE, Tenn., March 24, 2026 /PRNewswire/ -- Mountain Commerce Bancorp, Inc. ( MCBI ) (the "Company") , the holding company for century-old Mountain Commerce Bank (the "Bank"), today announced that Home BancShares, Inc. has received approvals from the Board of Governors of the Federal Reserve System and the Arkansas State Bank Department of its applications to merge with the Company.  The Board of Governors of the Federal Reserve System and the Arkansas State Bank Department have each also approved the proposed merger of Mountain Commerce Bank with and into Centennial Bank, Home BancShares' wholly-owned bank subsidiary.

Subject to the satisfaction of the remaining closing conditions contained in the merger agreement, the Company's proposed merger with Home BancShares is expected to close early in the second quarter of 2026.

About Mountain Commerce Bancorp, Inc. ( MCBI ) and Mountain Commerce Bank

Mountain Commerce Bancorp, Inc. ( MCBI ) is the holding company for Mountain Commerce Bank. The Company's shares of common stock trade on the OTCQX under the symbol "MCBI". Mountain Commerce Bank is a state-chartered financial institution headquartered in Knoxville, TN. The

Bank traces its history back over a century and serves Middle and East Tennessee through 8 branches located in Brentwood, Erwin, Johnson City (3), Bearden (Knoxville), West Knoxville and Unicoi. The Bank focuses on responsive relationship banking of small and medium-sized businesses, professionals, affluent individuals, and those who value the personal service and attention that only a community bank can offer. For further information, please visit us at www.mcb.com.

Forward-Looking Statements

This release contains forward-looking statements related to the anticipated closing of the proposed merger of Home Bancshares, Inc. and Mountain Commerce Bancorp, Inc. ( MCBI ) Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this press release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements, including, but not limited to the possibility that the proposed merger with Home BancShares, Inc. does not close when expected or at all, including because one or more conditions to closing are not received or satisfied on a timely basis or at all.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mountain-commerce-bancorp-inc-announces-receipt-of-regulatory-approvals-for-merger-with-home-bancshares-inc-302723981.html

SOURCE Mountain Commerce Bancorp, Inc. ( MCBI )

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cabinet clears Rs 6,062 crore World Bank-assisted programme for MSMEs
Cabinet clears Rs 6,062 crore World Bank-assisted programme for MSMEs
Mar 30, 2022
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the Rs 6,062.45 crore or USD 808 million 'Raising and Accelerating MSM Performance' (RAMP) for the micro, small and medium enterprises (MSMEs), an official release said.
Need policies to promote green hydrogen and reduce oil and gas imports: Assocham
Need policies to promote green hydrogen and reduce oil and gas imports: Assocham
Mar 29, 2022
Commodity price inflation is adding to the woes of manufacturers and there are questions of energy security as well. To discuss this CNBC-TV18’s Parikshit Luthra spoke to Chairman and MD of Renew Power Sumant Sinha who has taken over as the president of the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Average construction cost up 10-12% in last 1 yr; may rise further by 8-9%: Colliers India
Average construction cost up 10-12% in last 1 yr; may rise further by 8-9%: Colliers India
Mar 29, 2022
"Over the last one year, developers' average cost of construction has risen 10-12 percent, owing to a higher input cost due to supply-side constraints. The cost of key materials like cement and steel have risen over 20 percent yearly as of March 2022. These constitute a predominant share in the total cost of construction," Colliers said in a statement.
Jio launches 'calendar month validity' prepaid plan; check details here
Jio launches 'calendar month validity' prepaid plan; check details here
Mar 28, 2022
Jio 'calendar month validity' prepaid plan: Available to both new and existing users on all online and offline channels, the Rs 259 plan can be recharged multiple times at one go. The advance recharged plan goes into a queue and automatically becomes active on the date of expiry of the current active plan, thus offering convenience to users.
Copyright 2023-2026 - www.financetom.com All Rights Reserved