Fed Approves Home BancShares Acquisition

Arkansas-based bank holding company gets green light to buy Tennessee's Mountain Commerce Bancorp

Mar. 13, 2026 at 7:59am

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The Federal Reserve Board has approved an application by Home BancShares, a bank holding company based in Conway, Arkansas, to acquire Mountain Commerce Bancorp and its subsidiary Mountain Commerce Bank, both located in Knoxville, Tennessee. The Fed also approved the merger of Home BancShares' subsidiary Centennial Bank with Mountain Commerce Bank.

Why it matters

This acquisition will allow Home BancShares to expand its regional banking footprint in the Southeast, particularly in Tennessee. It reflects ongoing consolidation in the banking industry as smaller regional banks seek to gain scale and efficiency through mergers and acquisitions.

The details

Under the approved plan, Home BancShares will acquire Mountain Commerce Bancorp and its subsidiary Mountain Commerce Bank. Additionally, Home BancShares' Centennial Bank subsidiary will merge with Mountain Commerce Bank, establishing a new branch location for Centennial in Knoxville.

  • The Federal Reserve Board announced its approval on March 13, 2026.

The players

Home BancShares

A bank holding company based in Conway, Arkansas that operates the Centennial Bank subsidiary.

Mountain Commerce Bancorp

A bank holding company based in Knoxville, Tennessee that owns Mountain Commerce Bank.

Mountain Commerce Bank

A bank located in Knoxville, Tennessee that is a subsidiary of Mountain Commerce Bancorp.

Centennial Bank

A subsidiary bank of Home BancShares that is headquartered in Conway, Arkansas.

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What’s next

The acquisition and mergers are expected to be completed in the coming months, pending any additional regulatory approvals.

The takeaway

This deal represents continued consolidation in the regional banking sector as institutions seek to gain scale and efficiency through M&A activity. The expanded footprint will allow Home BancShares to better serve customers across a broader geographic area in the Southeast.