An Arkansas community bank is selling more than half of its branches and will use the proceeds to expand its mortgage lending subsidiary and boost Small Business Administration and Farm Service Agency lending.First Financial Banc Corp. in El Dorado is planning to sell eight branches to Simmons First National Corp. in Pine Bluff, Ark., for an undisclosed sum.

First Financial has $277 million of assets; Simmons has $1.7 billion.

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