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● TRACKER Updated 7d ago · 11 sources tracked

Simmons First to close 26 branches, including six in Arkansas

Simmons Bank will close 26 branches across a six-state footprint in December as part of a companywide restructuring. The closures include six locations in Arkansas, two of which are in Jefferson County at 8107 Dollarway Road and 1704 North University Drive in Pine Bluff. Two other closures will occur in the metro Memphis area, with additional sites closing across the Mid-South region. This consolidation reduces physical banking access for local customers as the bank shrinks its operational footprint.

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⚡ Key Developments & Real-Time Context
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  • ✓ Simmons Bank plans to close 26 locations in December.
  • ✓ The restructuring affects the bank's six-state footprint.
  • ✓ Six branches in Arkansas will close.
🛡️ Source Corroboration: 11 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Specific Jefferson County addresses in Pine Bluff were identified as closure sites.

Live updates

  1. Simmons Bank to shut 26 branches in December restructuring

    Simmons Bank will close 26 branches across a six-state footprint in December as part of a companywide restructuring. The closures include six locations in Arkansas, two of which are in Jefferson County at 8107 Dollarway Road and 1704 North University Drive in Pine Bluff. Two other closures will occur in the metro Memphis area, with additional sites closing across the Mid-South region. This consolidation reduces physical banking access for local customers as the bank shrinks its operational footprint.

    Why it matters

    The bank is reorganizing its physical presence to streamline operations. These closures impact multiple states and specific urban hubs in the Mid-South.

    What is confirmed

    • Simmons Bank plans to close 26 locations in December.
    • The restructuring affects the bank's six-state footprint.
    • Six branches in Arkansas will close.

    Still unconfirmed

    • Two branches in the metro Memphis area will close.
    • Additional closures will occur across the Mid-South region.
    • The Pine Bluff branches at 1704 North University Drive and 8107 Dollarway Road will close.

    What to watch next

    • Announcement of the remaining 20 closure locations outside Arkansas and Memphis.
    • Official confirmation of employee layoffs resulting from the restructuring.
    Sources used for this update (4)
    1. www.kvom.com — Simmons Bank to Close Two Jefferson County Branches in December as Part of Companywide Restructuring
    2. talkbusiness.net — Arkansas regulators approve Blue Cross, Cambia Health affiliation
    3. talkbusiness.net — Dr. Voris named Physician of the Year by Fort Smith chamber
    4. ca.sports.yahoo.com — Bowl Projections Week 2: Will There Be Too Many SEC Teams?
    confidence 90%

  2. Simmons Bank to Close 26 Branches Across Multiple States

    Simmons Bank plans to shut down 26 locations, which includes six branches in Arkansas and two branches located in the metro Memphis area. Additional closures are scheduled to take place across the Mid-South region. The bank closures are slated to happen in December. Local communities and affected customers are preparing for the reduction in physical banking access as the bank consolidates its footprint across its operational territories.

    Why it matters

    Bank branch consolidations reflect broader regional adjustments in the banking sector as financial institutions shift toward digital services and streamline physical operations. The reduction in branch counts directly impacts local retail banking availability in Arkansas, Memphis, and surrounding Mid-South areas. Financial analysts continue to monitor the parent company's market position, highlighted by a recent stock upgrade and price target increase to $27.50 by Piper Sandler.

    What is confirmed

    • Simmons Bank is closing 26 branches, including six locations in Arkansas.
    • The branch closures include two locations in the metro Memphis area.
    • The closures are scheduled to occur in December.
    • SFNC was upgraded by Piper Sandler with a price target raised to $27.50.

    What to watch next

    • An official list naming all 26 specific branch locations slated for closure
    • Detailed timelines for customer accounts affected by the December branch shutdowns
    Sources used for this update (9)
    1. www.sandiegouniontribune.com — San Diego Union-Tribune
    2. Talk Business & Politics — Simmons First to close 26 branches, including six in Arkansas
    3. WREG.com — Simmons Bank to close two metro Memphis branches
    4. The Arkansas Democrat-Gazette — Simmons Bank will close 26 branches, including six in Arkansas
    5. KATV — Simmons Bank closing 26 locations, 6 in Arkansas in December
    6. GuruFocus — SFNC Upgraded by Piper Sandler -- Price Target Raised to $27.50
    7. fox13memphis.com — Simmons Bank to close 26 branches, including several in the Mid-South
    8. talkbusiness.net — Fort Smith Metro News Briefs: Fort FireFly opens in Fort Smith, teachers learn about hydroponic gardens
    9. sports.yahoo.com — Catch Big Catfish on a Fly Rod and Other Top Stories from Fishing on SI
    confidence 95%
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