First State Bank parent selling to Arkansas holding company

Community First Bancshares, the parent company of First State Bank, said Tuesday afternoon it will sell to an Arkansas holding company in a $243 million deal that will create a company with $6.8 billion in assets and operations from Kansas to Knoxville. First State runs eight Middle Tennessee branches — although only one (on West End Avenue) is located in the heart of Nashville — that have been among the company's main growth drivers.

The acquisition by Simmons First National Corp. (Ticker: SFNC) is expected to close late this year, but Simmons Chairman and CEO George Makris says his team doesn't expect to be changing signs anytime soon.

 

May 7, 2014 6:56 AM

Delek extends Arkansas refinery supply deal

Some refining and transportation subsidiaries of Delek US Holdings have added three years to the crude oil supply and offtake agreement they have with J. Aron & Co., the commodities brokerage owned by Goldman Sachs. J. Aron will continue to supply crude to Delek's El Dorado, Ark., refinery and be the first-in-line buyer for refined products. The companies' new deal extends until April of 2017.

Dec 31, 2013 10:44 AM

Court OKs $85M Pilot Flying J settlement

Federal investigation still ongoing
Nov 25, 2013 12:47 PM

Delek in insurance fight over busted oil pipeline

Carriers refuse to pay $80.5M claim resulting from Arkansas rupture
Sep 30, 2013 12:37 PM

Byrd fund grabs another farm equipment company

Arkansas acquisition builds on earlier purchase
Sep 26, 2013 2:00 PM

Diversicare checks out of Arkansas

Despite contract to pick up Midwest facility operations, company's network to fall below 50
Aug 2, 2013 7:18 AM

Capella calls off Arkansas deal

Mercy CEO says expected FTC, Vatican challenges 'over an indefinite timeline' put end to talks
Jun 27, 2013 1:25 PM

EPA, Delek cleaning up Arkansas pipeline spill

Officials with the Environmental Protection Agency and Delek US Holdings have been busy in recent days cleaning up about 5,000 barrels of oil that have spilled from a pipeline into the Little Cornie Bayou in southern Arkansas. Bloomberg reports that about a fifth of the spill still needs to be gathered and that Delek execs don't expect a major financial impact.

Mar 14, 2013 8:37 AM

Cigna-HealthSpring acquisition grows by a city

Cigna, the parent of local Medicare Advantage specialist HealthSpring, has completed the acquisition of several plans with members in Arkansas, Oklahoma and Texas from Arcadian Health and Humana, which are joining forces and were told by regulators to shed some operations. One thing has changed since the parties announced their deal last summer: The Fort Smith market straddling the Arkansas/Oklahoma market has also changed hands, adding 17 counties to the 18 in the original agreement. In all, about 4,500 people are being added to HealthSpring's rolls.

SEE ALSO: Cigna's HealthSpring set to acquire Texas, Arkansas operations from June

Jan 3, 2013 9:53 AM

Acadia buying BCA, Arkansas company for $258M

Deals will grow Frankin-based company by more than a quarter
Nov 27, 2012 6:47 AM