Home BancShares, Inc. (NASDAQ:HOMB) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.

On July2, 2018, the Company issued a press release announcing the acquisition of Union’s Shore Premier Finance division. Copies of the press release and certain additional information regarding the transaction are attached as Exhibits 99.1 and 99.2 to this Current Report.

As provided in General Instruction B.2 to Form 8-K, the information furnished in Exhibits 99.1 and 99.2 to this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 7.01 Other Events.

On June29, 2018, the Company entered into an agreement with Union to purchase substantially all of the assets and certain specific liabilities of Union’s Shore Premier Finance division, consisting primarily of marine loans totaling approximately $383.4million, for a purchase price consisting of approximately $374.5million in cash, subject to certain post-closing adjustments, and 1,250,000 shares of the Company’s common stock. The purchase of the loans was completed on June29, 2018 and became effective at the end of the day on June30, 2018. The portfolio of loans will now be housed in a division of Centennial know as Shore Premier Finance. The Shore Premier Finance division of Centennial will be responsible for servicing the acquired loan portfolio and originating new loan production. In connection with this acquisition of loans, Centennial has notified the Arkansas State Bank Department that it plans to establish a new loan production office in Chesapeake, Virginia.

The foregoing summary of the transaction is not complete and is qualified in its entirety by reference to the full text of the Asset Purchase Agreement by and among Home BancShares, Inc., Centennial Bank, and Union Bank& Trust, dated June29, 2018, a copy of which is attached hereto as Exhibit 99.3 and incorporated by reference herein.

Item 7.01 Financial Statements and Exhibits.

(d) Exhibits

HOME BANCSHARES INC Exhibit
EX-99.3 2 d691811dex993.htm EX-99.3 EX-99.3 Exhibit 99.3 ASSET PURCHASE AGREEMENT among HOME BANCSHARES,…
To view the full exhibit click here

About Home BancShares, Inc. (NASDAQ:HOMB)

Home BancShares, Inc. is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank). The Company offers a range of products and services, including 24-hour Internet banking, mobile banking and voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, United States savings bonds and automatic account transfers. Cook Insurance Agency, Inc. is an independent insurance agency. Centennial Insurance Agency writes policies for commercial and personal lines of business, including insurance for property, casualty, life, health and employee benefits. The Centennial Bank trust department offers an array of trust services. These trust services is focused on personal trusts, corporate trusts and employee benefit trusts.