Simmons First National Corp., Pine Bluff, Ark., said it has a deal to buy American Bancshares of Arkansas Inc., Charleston, for about $21.9 million in stock.

Simmons owns seven community banks in Arkansas with combined assets of $1.3 billion. American Bancshares is the parent of 88-year-old American State Bank, which has been owned by the Hiatt family since 1918.

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