Overview
- Boards of both companies unanimously approved the stock-for-stock merger, which expands Home BancShares into Knoxville, Nashville and Johnson City.
- The transaction is expected to close early in the first half of 2026, subject to customary approvals and conditions.
- Home BancShares values the deal at 105% of Mountain Commerce’s tangible book value and says it expects the merger to be immediately accretive to earnings and book value.
- Mountain Commerce, a $1.8 billion-asset bank, reported solid profitability in 2024 and through the first nine months of 2025, and will gain access to Home’s larger balance sheet.
- Founder and CEO Bill Edwards is slated to lead the Tennessee market post-close, with executives describing the acquired franchise as a platform for further in-state expansion.