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 >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved