Simmons First National Corp. announced Friday that it had completed the acquisition of Ozark Trust & Investment Corp. of Springfield, Missouri.
The $20.7 million cash and stock deal to buy the Trust Co. of the Ozarks and its holding company had been announced in April.
Trust Co. of the Ozarks, a fee-only firm, had about $1.1 billion in assets under management for more than 1,300 clients. They will become clients of Simmons First Trust Co., the largest trust division in Arkansas at the end of 2014, when it managed $3.5 billion in assets.
Gary Metzger, the Missouri/Kansas regional chairman for Simmons, previously served as a director for Ozark Trust and the Trust Co. of the Ozarks. Jay Burchfield, the chairman of Ozark Trust joined the Simmons First National Corp. board of directors in April.