Simmons Bank Celebrates Grand Opening of Memphis Binghampton Financial Center

Rhea-AI Summary

Simmons Bank celebrated the opening of its new financial center in Memphis' Binghampton area on May 22, 2024. The 2,133-square-foot center, located at 510 Tillman St, features a full-service branch with an ATM that has deposit capabilities. This new center aims to provide a range of services including personal, commercial, mortgage lending, and wealth management. Simmons Bank operates 11 branches in the Memphis metro area and 233 branches across six states, ranking as the 9th largest bank in Tennessee based on deposit market share. The company, which has a history of paying cash dividends for 115 years, is a subsidiary of Simmons First National (NASDAQ: SFNC). Founded in 1903, Simmons Bank has been recognized by Forbes as one of 'America's Best Midsize Employers' and among the 'World's Best Banks' for four consecutive years.

Positive

• Simmons Bank has opened a new financial center in Memphis, enhancing service accessibility.
• The new branch offers comprehensive financial services including personal, commercial, mortgage lending, and wealth management.
• Simmons Bank has a long history of paying cash dividends for 115 consecutive years, indicating financial stability.
• Ranked as the 9th largest bank in Tennessee by deposit market share.
• Recognized by Forbes as one of 'America's Best Midsize Employers' and among the 'World's Best Banks' for four consecutive years.

Negative

• The press release does not provide specific financial metrics or projections related to the new branch's impact.
• No new innovative services or digital banking solutions were mentioned in the announcement.

MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- Simmons Bank hosted a ribbon cutting ceremony to celebrate the latest Shelby County financial center located at 510 Tillman St. Simmons Bank operates five full-service branches throughout Memphis. Simmons Bank operates 11 full-service branches in the Memphis metropolitan statistical area and ranks as the 9^th largest bank in the state of Tennessee based on deposit market share.

"Investing in the communities we serve is engrained in our DNA and we are grateful to have the opportunity to open a new financial center to continue to meet the financial needs of our customers in Memphis," said Maurice Butler, community regional executive for Simmons Bank. "In addition to added convenience, the facility will also enable us to provide broader access to the products and services our customers' desire to meet their evolving financial needs."

The 2,133-square-foot financial center features a full-service branch with ATM with deposit capabilities. Associates onsite will serve customers financial needs including personal, commercial, mortgage lending as well as wealth management services. 

Dan Walker served as the contractor and The Crump Firm was the architectural firm of record.

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 2023, Simmons Bank was recognized by Forbes as one of "America's Best Midsize Employer" 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 new Simmons Bank branch in Memphis?

The new branch enhances service accessibility and offers a range of financial services including personal, commercial, mortgage lending, and wealth management.

How many branches does Simmons Bank operate in the Memphis area?

Simmons Bank operates 11 full-service branches in the Memphis metropolitan statistical area.

When was the new Simmons Bank branch in Memphis opened?

The new branch was officially opened on May 22, 2024.

What is the location of the new Simmons Bank branch in Memphis?

The new branch is located at 510 Tillman St, Memphis, TN.

What services are offered at the new Simmons Bank branch in Memphis?

The branch offers personal, commercial, mortgage lending, and wealth management services, along with an ATM that has deposit capabilities.

What is the stock symbol for Simmons First National ?

The stock symbol for Simmons First National is SFNC.