Simmons Bank Announces the Addition of Richard Hughes as Treasurer

Rhea-AI Summary

Simmons Bank appointed Richard Hughes as executive vice president and treasurer, effective February 14, 2023. Hughes brings over 30 years of experience in treasury management, previously serving at BBVA USA, where he managed treasury functions for a $100 billion asset bank. He will oversee corporate treasury activities at Simmons Bank, including balance sheet management and financial planning. Simmons Bank, a subsidiary of Simmons First National Corporation (NASDAQ: SFNC), has been recognized in Forbes' lists of 'America's Best Banks' and 'World's Best Banks' for consecutive years.

Positive

• Appointment of Richard Hughes enhances the executive management team.
• Hughes brings over 30 years of treasury experience, likely improving financial management.

Negative

• None.

Seasoned treasury veteran brings more than 30 years of experience

PINE BLUFF, Ark., Feb. 14, 2023 /PRNewswire/ -- Simmons Bank announced the addition of Richard Hughes as executive vice president and treasurer. Hughes will report to president and CFO Jay Brogdon and will be responsible for all Simmons Bank corporate treasury activities, including balance sheet management, investment portfolio, liquidity risk and funding, interest rate risk and capital planning. In addition, he will also have responsibility for financial planning and analysis, budgeting and forecasting.

Richard brings a wealth of knowledge, experience and leadership skills to an already strong finance team at Simmons Bank

"We're excited to add someone with Richard's experience to our executive management team at Simmons Bank," said Brogdon. "Richard is a seasoned treasury veteran who brings a wealth of knowledge, experience and leadership skills to an already strong finance team at Simmons Bank. We look forward to the vision and energy he will bring to our corporate treasury team."

Prior to joining Simmons Bank, Hughes most recently served as executive vice president, Treasury Division, at BBVA USA with oversight over various treasury functions and the liquidity position of the $100 billion asset bank. Hughes started his career with Compass Bank when the bank had less than $5 billion in assets and grew to more than $33 billion in assets when the bank became part of BBVA in 2007.

Hughes holds a Bachelor of Science in Business Administration degree in finance and economics from Samford University and a Master of Arts in finance from the University of Alabama. He is a graduate of the Executive Leadership Program at the University of Texas, McCombs School of Business and the Global Leadership Program at the IESE Business School in Madrid, Spain.

About Simmons Bank
Simmons Bank is a wholly owned subsidiary of Simmons First National Corporation (NASDAQ: SFNC), a Mid-South based financial holding company that has paid cash dividends for 114 consecutive years. Simmons Bank operates 230 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. In 2022, Simmons Bank was named to Forbes' list of "America's Best Banks" for the second consecutive year and to Forbes' list of "World's Best Banks" for the third consecutive year. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on Twitter or by visiting our newsroom.

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SOURCE Simmons Bank

FAQ

Who is the new treasurer of Simmons Bank as of February 2023?

Richard Hughes was appointed as the new treasurer of Simmons Bank on February 14, 2023.

What experience does Richard Hughes bring to Simmons Bank?

Richard Hughes has over 30 years of experience in treasury management, including his role at BBVA USA.

What are Richard Hughes' responsibilities at Simmons Bank?

Hughes will manage corporate treasury activities, balance sheet management, and financial planning.

What is the stock symbol for Simmons First National Corporation?

The stock symbol for Simmons First National Corporation is SFNC.

What recognition has Simmons Bank received recently?

Simmons Bank has been named to Forbes' lists of 'America's Best Banks' and 'World's Best Banks' multiple times.