Home BancShares to acquire Mountain Commerce for $150m.

Home BancShares, the parent company of Centennial Bank, agreed to acquire Mountain Commerce, a provider of savings accounts, loans, credit cards, and treasury management solutions, for $150m. “Mountain Commerce is proud to join forces with one of the top-performing banks in the country. This partnership provides resources, through HOMB’s strong balance sheet and capital position, to allow our talented team of bankers to flourish. There is a lot more work to be done in Tennessee to take advantage of the market opportunity and we are eager and ready to grow,” William E. “Bill” Edwards, III, Mountain Commerce Chief Executive Officer and founder.