Simmons First National in Pine Bluff, Ark., has extended the termination date for its purchases of two banks due to delays securing regulatory approval.

The $4.7 billion-asset company disclosed in a regulatory filing Friday that it had exercised an option to extend the deadline to close its $243 million acquisition of the $2 billion-asset Community First Bancshares in Union City, Tenn., to Feb. 28.

Simmons First also disclosed that it had pushed back the termination date for its $207 million purchase of the $1.1 billion-asset Liberty Bancshares in Springfield, Mo., to April 30.

Applications for the deals, announced in May and originally set to close by Dec. 31, are still pending before the Federal Reserve Board, the filing said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.