Simmons Bank Opens New Branch in Cleveland

Rhea-AI Summary

Simmons Bank (NASDAQ: SFNC) has opened a new financial center in Cleveland, Tennessee, at 86 Stuart Road Northeast. The 3,000-square-foot facility features a full-service branch with four drive-thru lanes and an ATM with quick-deposit capabilities, offering both personal and commercial lending services.

The bank currently operates more than 45 branches throughout Tennessee and 234 branches across six states: Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. This expansion reinforces Simmons Bank's commitment to community investment, with the institution notably maintaining a 115-year streak of consecutive cash dividend payments.

Positive

• Expansion of physical presence with new 3,000-square-foot branch in Cleveland, TN
• 115 consecutive years of cash dividend payments, indicating financial stability
• Recent recognition by U.S. News & World Report and Forbes as a top employer and bank in 2024

Negative

• None.

News Market Reaction

+0.54%

1 alert

+0.54% News Effect

On the day this news was published, SFNC gained 0.54%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CLEVELAND, Tenn., Dec. 11, 2024 /PRNewswire/ -- Simmons Bank hosted a grand opening ceremony to celebrate the latest Cleveland financial center located at 86 Stuart Road Northeast. Simmons Bank operates more than 45 full-service branches throughout Tennessee.

"We are excited to open our new branch in the Cleveland community," said Shayne Whaley, community regional executive for Simmons Bank. "This newest branch is a testament to our commitment to investing in the growth and prosperity of the communities we serve."

The 3,000-square-foot financial center features a full-service branch, with four drive thru lanes and an ATM with quick-deposit capabilities. Associates onsite will serve customers financial needs including personal and commercial lending. 

P&C Construction served as the contractor and Hefferlin + Kronenberg Architects was the architectural firm of record.

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 115 consecutive years. Simmons Bank operates 234 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 2024, Simmons Bank was recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South and by Forbes as one of America's Best-In-State Banks 2024 in Tennessee and America's Best-In-State Employers 2024 in Missouri. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X (formerly Twitter) or by visiting our newsroom.

View original content to download multimedia:https://www.prnewswire.com/news-releases/simmons-bank-opens-new-branch-in-cleveland-302329399.html

SOURCE Simmons Bank

FAQ

Where is the new Simmons Bank (SFNC) branch located in Cleveland?

The new Simmons Bank branch is located at 86 Stuart Road Northeast in Cleveland, Tennessee.

What features does the new Simmons Bank (SFNC) Cleveland branch offer?

The new branch features a 3,000-square-foot financial center, four drive-thru lanes, an ATM with quick-deposit capabilities, and offers personal and commercial lending services.

How many consecutive years has Simmons Bank (SFNC) paid cash dividends?

Simmons Bank has paid cash dividends for 115 consecutive years.

How many branches does Simmons Bank (SFNC) operate in Tennessee?

Simmons Bank operates more than 45 full-service branches throughout Tennessee.

What recent recognitions has Simmons Bank (SFNC) received in 2024?

In 2024, Simmons Bank was recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South and by Forbes as one of America's Best-In-State Banks in Tennessee and Best-In-State Employers in Missouri.