Home BancShares, Inc. Announces Adjustments to Management Team: Poised for the Future
May 14 2024 - 3:15PM
Home BancShares, Inc. (NYSE: HOMB) (“Home” or “the Company”), and
its wholly-owned subsidiary, Centennial Bank (“Centennial”), while
celebrating twenty-five years as a bank, announce some adjustments
to the management team, as they look towards the future.
Stephen Tipton will assume the position of Chief
Executive Officer of Centennial Bank, having served as Chief
Operating Officer since 2015.
In addition to the role of Chief Lending
Officer, Kevin Hester has been named as President of Home
BancShares and President of Centennial Bank. Hester has served as
the Company’s senior lender since the Company began twenty-five
years ago.
John Allison will remain as Executive Chairman
& Chief Executive Officer of Home BancShares, and Tracy French
will remain as Chairman of Centennial Bank, with a focus on special
projects, having previously served as President and Chief Executive
Officer.
“I would like to thank the Boards of Directors
of Home BancShares and Centennial Bank for the opportunity to serve
as Chief Executive Officer of Centennial Bank. Over the past 18
years, I have been blessed to work closely with Tracy French and
John Allison, as our bank has transformed into one of the premier
financial institutions in the United States. I am honored to work
alongside our leadership team and nearly 2,700 associates as we
continue our mission of consistently exceeding the expectations of
our customers and shareholders while enriching the communities we
serve,” said Stephen Tipton, Chief Executive Officer of Centennial
Bank.
“It is an honor to be named President of Home
BancShares and Centennial Bank, in addition to continuing my role
as Chief Lending Officer. As a founding employee, I am very proud
of all that we have accomplished over the last 25 years, and look
forward to continuing to build on our reputation as one of the best
banks in America,” said Kevin Hester, President of Home BancShares
and Centennial Bank.
“Home BancShares and Centennial Bank are blessed
with a deep bench in terms of talent and experience of the
management team. I view this shift as an opportunity to effectively
utilize the depth of our management team in a way that sets us up
for the future. This group spans four decades and embodies over 130
years of banking experience and has worked together for many years
and will continue to work together each day to ensure that
Centennial Bank remains one of the best banks in America.
Congratulations to both Stephen and Kevin, and I look forward to
working with you both for many more years to come,” said John
Allison, Chairman of Home BancShares.
“I’ve had the good fortune of working with this
management team for over twenty years and am very proud of the
accomplishments we have made. I look forward to the future and
continuing my work with this talented team and outstanding bankers
at Centennial Bank. I think these strategic steps will allow us to
continue to grow and focus on our core strengths that have made us
one of the top performing banks in America,” said Tracy French,
Chairman of Centennial Bank.
Stephen Tipton was appointed to serve as the
Chief Operating Officer of Centennial Bank in 2015. He previously
served as Regional Vice President of Centennial Bank. He began his
banking career in 2005 and joined Centennial Bank in 2006. Prior to
becoming Regional Vice President, Tipton served as Director of
Credit Risk Management and as a Commercial Lender. Tipton also has
a vast array of experience in retail, business development, lending
and acquisitions and is a graduate of the University of Arkansas at
Fayetteville with a bachelor of science in business
administration.
Kevin Hester joined Centennial Bank (formerly
First State Bank) in 1998 as Executive Vice President of Lending
and became Chief Lending Officer of Centennial Bank in 2010. He has
more than 35 years of banking experience. Hester is a graduate of
the University of Central Arkansas with a bachelors’ degree in
accounting and is an honor graduate of the National Commercial
Lending School in Norman, Oklahoma. He is also a board member of
Centennial Bank.
Branches
The Company currently has 76 branches in
Arkansas, 78 branches in Florida, 58 branches in Texas, 5 branches
in Alabama and one branch in New York City.
About Home BancShares
Home BancShares, Inc. is a bank holding company,
headquartered in Conway, Arkansas. Its wholly-owned subsidiary,
Centennial Bank, provides a broad range of commercial and retail
banking plus related financial services to businesses, real estate
developers, investors, individuals and municipalities. Centennial
Bank has branch locations in Arkansas, Florida, Texas, South
Alabama and New York City. The Company’s common stock is traded
through the New York Stock Exchange under the symbol “HOMB.” The
Company was founded in 1998. Visit www.homebancshares.com or
www.my100bank.com for more information.
FOR MORE INFORMATION CONTACT:Donna
TownsellDirector of Investor RelationsHome BancShares, Inc.(501)
328-4625
Photos accompanying this announcement are
available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9e596d1f-f366-4c24-9623-cb999db02fe4
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