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Home Bancshares, Inc. Announces Completion Of The Acquisition Of Happy Bancshares, Inc.

PUBLIC · SHBIApr 01, 2022

Acquiring Company

SHORE BANCSHARES

Acquired Company

Happy Bancshares

EastonFinancial ServicesLending And InvestmentsFinanceLendingBanking

Description

Home BancShares, Inc. (NYSE: HOMB) (“Home” or “the Company”), parent company of Centennial Bank (“Centennial”), today announced that it has completed its previously announced acquisition of Happy Bancshares, Inc. (“Happy”), parent company of Happy State Bank (“HSB”), pursuant to the terms of a definitive agreement and plan of merger whereby, in a series of transactions, an acquisition subsidiary of Home merged with and into Happy, Happy merged with and into Home, and immediately thereafter, HSB merged with and into Centennial. The acquisition is effective today, April 1, 2022.

Quick answer

SHORE BANCSHARES is acquiring Happy Bancshares, announced April 1, 2022. SHORE BANCSHARES is based in Easton, Maryland, United States.

How much did SHORE BANCSHARES pay for Happy Bancshares?
The deal value was not disclosed.
What does SHORE BANCSHARES do?
Shore Bancshares, Inc. is a Maryland-based banking and financial services company primarily engaged in providing a range of financial products and services.
Where are SHORE BANCSHARES and Happy Bancshares based?
SHORE BANCSHARES is based in Easton, Maryland, United States.
Who are the decision-makers at SHORE BANCSHARES?
Fundz holds 1 contact at SHORE BANCSHARES. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

SHORE BANCSHARES

Location

Easton, Maryland, United States

About

Shore Bancshares, Inc. is a Maryland-based banking and financial services company primarily engaged in providing a range of financial products and services. These include business and consumer banking, investment management, and mortgage lending services through its subsidiary banks. The company serves clients in the mid-Atlantic region, focusing on Maryland and Virginia markets. Shore Bancshares emphasizes community banking, aiming to build long-lasting relationships with its customers. Recent strategic developments include expanding digital banking solutions and enhancing service offerings to meet emerging customer needs.

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Frequently asked

Who acquired Happy Bancshares?

Happy Bancshares was acquired by SHORE BANCSHARES, based in Easton. The deal was reported on April 1, 2022. Shore Bancshares, Inc. is a Maryland-based banking and financial services company primarily engaged in providing a range of financial products and services. SHORE BANCSHARES is publicly traded (SHBI) and operates in Financial Services.

When did SHORE BANCSHARES acquire Happy Bancshares?

SHORE BANCSHARES's acquisition of Happy Bancshares was reported on April 1, 2022. Home BancShares, Inc. (NYSE: HOMB) (“Home” or “the Company”), parent company of Centennial Bank (“Centennial”), today announced that it has completed its previously announced acquisition of Happy Bancshares, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Happy Bancshares do?

Happy Bancshares is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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