SIMMONS BANK HONORED WITH ABA FOUNDATION COMMUNITY COMMITMENT AWARD

Rhea-AI Summary

Simmons Bank's EVP, Steve Wade, received the 2022 ABA Foundation Community Commitment Award for his leadership in the SAFER AR Act, focusing on protecting older Americans from financial exploitation. The award will be presented on Oct. 4 during the ABA's Annual Convention in Austin, Texas. Wade's involvement in drafting HR 1391, signed into law on July 1, 2021, highlights the bank's commitment to community service. Simmons Bank, a subsidiary of Simmons First National Corporation (NASDAQ: SFNC), operates over 230 branches and has a long history of financial stability and community engagement.

Positive

• Steve Wade's recognition with the ABA Foundation Community Commitment Award demonstrates Simmons Bank's commitment to community service and corporate social responsibility.
• The SAFER AR Act, initiated by Wade, addresses financial exploitation, enhancing Simmons Bank's reputation as a community-focused institution.
• Simmons Bank operates over 230 branches, indicating a strong regional presence and growth potential in its markets.

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• None.

PINE BLUFF, Ark., Sept. 19, 2022 /PRNewswire/ -- Steve Wade, EVP and assistant general legal counsel for Simmons Bank was nationally recognized by the American Bankers Association Foundation for his work on the SAFER AR ACT with a 2022 ABA Foundation Community Commitment Award. The award was given to Wade for his efforts in the Protecting Older Americans category and will be presented during ABA's Annual Convention on Oct. 4 in Austin, Texas.

Wade played a lead role on the task force of lawmakers and banking professionals to collaborate, research and draft HB 1391 which was signed into law by Governor Asa Hutchinson and became law on July 1, 2021. The SAFER AR Act puts a spotlight on financial exploitation and helping the elderly and people with disabilities in Arkansas.

Entries were submitted in seven categories including affordable housing, community and economic development, financial education, economic inclusion, protecting older Americans, supporting military families and volunteerism. Award winners were chosen by a field of nationally-recognized experts.

The selection committee chose the winning banks based on the creativity and thoughtfulness of programs — traditional or innovative in nature and structure — that embody the ideals of corporate social responsibility and demonstrate success in measurable terms.

"We received many strong entries this year but Simmons Bank and its work with the SAFER ACT put them out among the pack," said Lindsay Torrico, executive director, ABA Foundation. "It's wonderful to see an organization identify a need within its community and immediately get to work. We applaud Simmons Bank for its unwavering commitment to community and hope others throughout the industry will be inspired to give back and drive community change."

"Simmons Bank and our employees are always working to find new and innovative ways to make a difference in our community," said Steve Wade, EVP and assistant general legal counsel for Simmons Bank. "We are honored and grateful to accept this award for our efforts."

To learn more about the ABA Foundation Community Commitment Awards, visit aba.com/awards.
Photo Credit: Jason Masters

About 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 113 consecutive years. Simmons Bank operates more than 230 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Simmons Bank was named to Forbes list of "America's Best Banks" for the second consecutive year and was recently named to Forbes list of "World's Best Banks" for the third consecutive year. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on Twitter or by visiting our newsroom.

 

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SOURCE Simmons Bank

FAQ

What is the significance of the ABA Foundation Community Commitment Award for Simmons Bank?

The award recognizes Simmons Bank's commitment to community service, specifically through the SAFER AR Act aimed at protecting older Americans from financial exploitation.

Who is Steve Wade and what role did he play in the SAFER AR Act?

Steve Wade is the EVP and assistant general legal counsel for Simmons Bank and played a lead role in drafting the SAFER AR Act to protect the elderly from financial exploitation.

When will the ABA Foundation Community Commitment Award be presented to Simmons Bank?

The award will be presented on October 4 during the ABA's Annual Convention in Austin, Texas.

What does NASDAQ: SFNC represent?

NASDAQ: SFNC is the stock symbol for Simmons First National Corporation, the parent company of Simmons Bank.