Home BancShares, the parent company of Conway-based Centennial Bank, announced that it will acquire Tennessee-based Mountain Commerce Bancorp in a roughly $150 million deal.
The merger is expected to close early in the first half of 2026, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of Mountain Commerce. Per terms of the deal, Home BancShares will acquire Mountain Commerce in an all-stock merger, with Home BancShares as the surviving entity. Mountain Commerce Bancorp is the parent company of Mountain Commerce Bank, based in Knoxville, Tenn.
The combination grants Home BancShares access to the high-growth Knoxville, Nashville and Johnson City MSAs, according to a press release.
Upon closing, Mountain Commerce shareholders will receive 0.850 shares of Home BancShares stock for each share of Mountain Commerce common stock they own and will begin receiving quarterly dividends declared by Home BancShares with record dates. Based on a volume-weighted average closing price per share of Home BancShares stock of $27.66 during the 20-trading-day period ending on Dec. 5, 2025, the per share implied consideration value is $23.51 and the aggregate implied transaction value is approximately $150.1 million, the release stated.
The pro forma bank will have approximately $25.0 billion in assets, $17.0 billion in loans and $19.2 billion in deposits and will be one of the 75 largest banks headquartered in the United States.
“We look forward to being in these vibrant Tennessee markets and are looking forward to Mountain Commerce being our base to build out other markets in the state, with Bill Edwards, founder of MCBI, and his seasoned team of talented bankers leading the way,” said John Allison, co-founder, chairman, president and CEO of Home BancShares. “We waited patiently to make our next acquisition to ensure we partnered up with a good quality bank in a strong market, and I am extremely pleased about what the future holds for HOMB and MCBI in the Volunteer State.”
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