Mountain Commerce Bancorp, Inc. Announces Receipt of Regulatory Approvals For Merger with Home BancShares, Inc.

Rhea-AI Summary

Mountain Commerce Bancorp (OTCQX: MCBI) announced that Home BancShares has received regulatory approvals to merge with the company.

The Board of Governors of the Federal Reserve and the Arkansas State Bank Department approved Home BancShares' applications and the related merger of Mountain Commerce Bank into Centennial Bank. Closing is expected early in the second quarter of 2026, subject to remaining closing conditions in the merger agreement.

Positive

• Federal Reserve approval obtained for the merger
• Arkansas State Bank Department approval obtained for the bank merger

Negative

• Transaction remains subject to remaining closing conditions, creating closing timing risk

News Market Reaction – MCBI

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In the Mar 25 session, MCBI declined 0.04%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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KNOXVILLE, Tenn., March 24, 2026 /PRNewswire/ -- Mountain Commerce Bancorp, Inc. (the "Company") (OTCQX: MCBI), the holding company for century-old Mountain Commerce Bank (the "Bank"), today announced that Home BancShares, Inc. has received approvals from the Board of Governors of the Federal Reserve System and the Arkansas State Bank Department of its applications to merge with the Company.  The Board of Governors of the Federal Reserve System and the Arkansas State Bank Department have each also approved the proposed merger of Mountain Commerce Bank with and into Centennial Bank, Home BancShares' wholly-owned bank subsidiary.

Subject to the satisfaction of the remaining closing conditions contained in the merger agreement, the Company's proposed merger with Home BancShares is expected to close early in the second quarter of 2026.

About Mountain Commerce Bancorp, Inc. and Mountain Commerce Bank

Mountain Commerce Bancorp, Inc. is the holding company for Mountain Commerce Bank. The Company's shares of common stock trade on the OTCQX under the symbol "MCBI". Mountain Commerce Bank is a state-chartered financial institution headquartered in Knoxville, TN. The

Bank traces its history back over a century and serves Middle and East Tennessee through 8 branches located in Brentwood, Erwin, Johnson City (3), Bearden (Knoxville), West Knoxville and Unicoi. The Bank focuses on responsive relationship banking of small and medium-sized businesses, professionals, affluent individuals, and those who value the personal service and attention that only a community bank can offer. For further information, please visit us at www.mcb.com.

Forward-Looking Statements

This release contains forward-looking statements related to the anticipated closing of the proposed merger of Home Bancshares, Inc. and Mountain Commerce Bancorp, Inc. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this press release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements, including, but not limited to the possibility that the proposed merger with Home BancShares, Inc. does not close when expected or at all, including because one or more conditions to closing are not received or satisfied on a timely basis or at all.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mountain-commerce-bancorp-inc-announces-receipt-of-regulatory-approvals-for-merger-with-home-bancshares-inc-302723981.html

SOURCE Mountain Commerce Bancorp, Inc.

FAQ

What regulatory approvals did Mountain Commerce Bancorp (MCBI) announce on March 24, 2026?

The company announced approvals from the Federal Reserve and the Arkansas State Bank Department. According to the company, both regulators approved Home BancShares' applications and the proposed merger structure.

When is the Mountain Commerce Bancorp (MCBI) merger with Home BancShares expected to close?

The merger is expected to close early in the second quarter of 2026. According to the company, closing remains subject to satisfaction of remaining conditions in the merger agreement.

Which banks will be combined in the Mountain Commerce Bancorp (MCBI) deal?

Mountain Commerce Bank is proposed to merge into Centennial Bank, a Home BancShares subsidiary. According to the company, the merger folds Mountain Commerce Bank into Centennial Bank.

Does the March 24, 2026 announcement indicate any regulatory conditions remain for MCBI?

Yes, the deal still requires satisfaction of remaining closing conditions in the merger agreement. According to the company, those conditions must be met before closing can occur.

How did Mountain Commerce Bancorp (MCBI) describe the status of the merger approvals?

The company said both the Federal Reserve and Arkansas State Bank Department approved the merger applications. According to the company, approvals cover Home BancShares' applications and the bank-level merger into Centennial Bank.