Mountain Commerce Bancorp, Inc. Shareholders Approve Merger with Home Bancshares, Inc.

Rhea-AI Summary

Mountain Commerce Bancorp (OTCQX: MCBI) shareholders voted to approve a merger with Home Bancshares. The vote clears a key shareholder step; the transaction remains subject to remaining closing conditions.

The companies expect the merger to close early in the second quarter of 2026, contingent on satisfaction of the agreement's closing conditions.

Positive

• Shareholders approved the merger in a shareholder vote
• Merger expected to close early in Q2 2026

Negative

• Closing is contingent on satisfaction of remaining closing conditions

News Market Reaction – MCBI

+1.64%

1 alert

+1.64% News Effect

On the day this news was published, MCBI gained 1.64%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

KNOXVILLE, Tenn., March 13, 2026 /PRNewswire/ -- Mountain Commerce Bancorp, Inc. (the "Company") (OTCQX: MCBI), the holding company for century-old Mountain Commerce Bank (the "Bank"), today announced its shareholders had voted in favor of the Company's proposed merger with Home Bancshares, Inc.

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. and Mountain Commerce Bank

Mountain Commerce Bancorp, Inc. 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. 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 required regulatory or other approvals and other 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-shareholders-approve-merger-with-home-bancshares-inc-302713848.html

SOURCE Mountain Commerce Bancorp, Inc.

FAQ

Did Mountain Commerce Bancorp (MCBI) shareholders approve the merger with Home Bancshares?

Yes, shareholders approved the proposed merger in a vote. According to the company, the shareholder vote cleared an important approval step required by the merger agreement.

When is the Mountain Commerce Bancorp (MCBI) merger with Home Bancshares expected to close?

The merger is expected to close early in the second quarter of 2026. According to the company, closing timing is contingent on satisfying the remaining closing conditions in the agreement.

What conditions remain before the MCBI merger with Home Bancshares closes?

The merger remains subject to the satisfaction of remaining closing conditions. According to the company, those conditions in the merger agreement must be met before the transaction can close.

Will Mountain Commerce Bancorp (MCBI) continue trading after the merger approval?

The press release does not state post-close trading status. According to the company, the transaction is expected to close early Q2 2026, and further details would follow as closing conditions are satisfied.

What is the significance of the March 13, 2026 shareholder vote for MCBI?

The March 13, 2026 vote approved the proposed merger with Home Bancshares, clearing a key corporate step. According to the company, this shareholder approval advances the deal toward the planned early Q2 2026 closing.