Home BancShares Names J. Pat Hickman to Board Seat

Rhea-AI Summary

Home BancShares, Inc. (NYSE: HOMB) has appointed J. Pat Hickman to its Board of Directors following the completion of its acquisition of Happy Bancshares on April 1, 2022. Hickman, a seasoned banking professional with over 45 years of experience, is known for founding Happy State Bank. Chairman John W. Allison expressed confidence in Hickman's contributions to the board, highlighting his deep roots in the Texas banking community. Home BancShares, through its subsidiary Centennial Bank, offers a wide range of banking services across multiple states, including Arkansas, Florida, and Texas.

Positive

• Appointment of J. Pat Hickman to the Board of Directors post-acquisition enhances the company’s leadership.
• Hickman brings over 45 years of banking experience and a strong reputation in the industry.

Negative

• None.

CONWAY, Ark., April 22, 2022 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or “the Company”), and its wholly-owned subsidiary, Centennial Bank (“Centennial”), today announced that J. Pat Hickman, former Chairman of Happy Bancshares, Inc. (“Happy”), has been appointed as a member of the Company’s Board of Directors as contemplated by the merger agreement for the Company’s acquisition of Happy, which was completed on April 1, 2022.

“Pat Hickman founded an excellent, quality community bank in Happy State Bank,” said John W. Allison, Chairman of Home BancShares. “Pat is well known and respected both in Texas and throughout the United States. Pat has over forty-five years of banking experience as well as an amazing following. As a result of the Happy Bank acquisition, the Board of HOMB voted to name Pat as a Director, and I look forward to his contribution to the Home BancShares Board,” added Allison.

“I am most excited to be joining the Home BancShares Board of Directors. Home is recognized as one of the elite banking companies in the United States,” stated Hickman. “It’s an honor for me to assist in ushering this great bank into the great state of Texas, and I am happy to be part of the Home team,” continued Hickman.

Hickman has been a board member and chair of several community and banking groups over the years including his service as past-chair of the Independent Bankers Association of Texas and the Texas Banking Commissioner’s Council. Mr. Hickman and his wife Nancy live in Canyon, Texas.

General

Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Our wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, Texas, South Alabama and New York City. The Company’s common stock is traded through the New York Stock Exchange under the symbol “HOMB.”

FOR MORE INFORMATION CONTACT:
Donna Townsell
Director of Investor Relations
Home BancShares, Inc.
(501) 328-4625

FAQ

Who is the newly appointed board member of Home BancShares?

J. Pat Hickman has been appointed to the Board of Directors of Home BancShares.

When was the acquisition of Happy Bancshares by Home BancShares completed?

The acquisition of Happy Bancshares was completed on April 1, 2022.

What is the stock symbol for Home BancShares?

The stock symbol for Home BancShares is HOMB.

What experience does J. Pat Hickman bring to Home BancShares?

J. Pat Hickman brings over 45 years of experience in the banking industry.

What services does Centennial Bank offer?

Centennial Bank provides a broad range of commercial and retail banking services.