Simmons Bank Announces $25,000 Donation to the Simmons First Foundation in Honor of Former Board Member Jay Burchfield

Rhea-AI Summary

Simmons Bank announced a $25,000 donation to the Simmons First Foundation in honor of Jay Burchfield, a former board member. Burchfield, who served on the board since 2015, contributed significantly through his strategic thinking and execution. He served on the Audit and Compensation Committees of Simmons First National (NASDAQ: SFNC). A veteran of the U.S. Army and retired Chairman of Ozark Trust and Investment , Burchfield's career in the banking and financial services industry spanned over 40 years. The Simmons First Foundation, led by former CEO Tommy May, supports education, healthcare, and environmental conservation efforts. Simmons Bank, a subsidiary of Simmons First National , operates 233 branches and has been recognized by U.S. News & World Report and Forbes for its workplace and banking excellence.

Positive

• Simmons Bank's $25,000 donation honors a significant figure, enhancing its community and corporate relationships.
• Recognition by U.S. News & World Report and Forbes boosts Simmons Bank's reputation and attractiveness to potential investors.

Negative

• Departure of Jay Burchfield may lead to a gap in strategic thinking and execution capabilities on the board.

PINE BLUFF, Ark., July 11, 2024 /PRNewswire/ -- Simmons Bank announced today a $25,000 donation to the Simmons First Foundation in honor of former board member Jay Burchfield.

"Jay's extensive knowledge of the financial industry and insight have been invaluable to us," said George Makris, Jr. executive chairman and chairman of the board of Simmons Bank. "We have all benefited from his track record of strategic thinking and focus on execution. Jay's leadership and collaboration on the board will be greatly missed, and we are deeply grateful for the significant contributions he has made to our company during his tenure."

Burchfield joined Simmons board of directors in 2015 and also served as a member of the board of directors of Simmons First National Corporation, where he most recently served as a member of both the Audit and Compensation Committees. A graduate of Central Missouri State University and veteran of the U.S. Army, Burchfield is the retired Chairman of Ozark Trust and Investment Corporation and its subsidiary company, Trust Company of the Ozarks. His career spanned over 40 years, primarily in the banking and financial services industry.

The Simmons First Foundation was established in 2014 to help give back to the communities that have been so vital to our continuing growth and success. Former Simmons CEO Tommy May leads the foundation and stewards its mission to improve the lives of children through programs that enhance education and healthcare. Additionally, the foundation has established an endowment to support environmental & conservation efforts.

Simmons Bank
Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC), a Mid-South based financial holding company that has paid cash dividends for 115 consecutive years. Simmons Bank operates 233 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. In 2024, Simmons Bank was recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South and by Forbes as one of America's Best-In-State Banks 2024 in Tennessee. In 2023, Simmons Bank was recognized by Forbes as one of America's Best Midsize Employers and among the World's Best Banks for the fourth consecutive year. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X (formerly Twitter) or by visiting our newsroom.

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SOURCE Simmons Bank

FAQ

What is the significance of the $25,000 donation announced by Simmons Bank?

The $25,000 donation honors former board member Jay Burchfield and supports the Simmons First Foundation's mission to improve education, healthcare, and environmental conservation.

Who is Jay Burchfield in relation to Simmons First National (NASDAQ: SFNC)?

Jay Burchfield served on the board of directors of Simmons First National and contributed significantly through his strategic thinking and execution.

What roles did Jay Burchfield hold at Simmons First National ?

Jay Burchfield was a member of both the Audit and Compensation Committees at Simmons First National (NASDAQ: SFNC).

How might Jay Burchfield's departure impact Simmons First National (NASDAQ: SFNC)?

Jay Burchfield's departure may create a gap in strategic thinking and execution on the board, potentially affecting the company's decision-making capabilities.

What achievements has Simmons Bank recently been recognized for?

Simmons Bank was recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South and by Forbes as one of America's Best-In-State Banks 2024 in Tennessee.