On January 2, 2013, Simmons First National Corporation implemented a previously announced restructuring of its executive management. George A. Makris has assumed the duties of CEO-Elect, effective January 1, 2013. Under the previously announced management succession plan, Mr. Makris, 56, will succeed J. Thomas May as Chairman and CEO upon Mr. May's retirement on December 31, 2013.

David Bartlett has assumed the duties of President and Chief Banking Officer. Mr. Bartlett, who was previously serving as President of the company with direct supervision over certain of the company's banking subsidiaries, will now have direct oversight for the banking operations of all of the eight banking subsidiaries of the company. Robert A. Fehlman has assumed the duties of Senior Executive Vice President, Chief Financial Officer and Treasurer.

Mr. Fehlman who was previously serving as Executive Vice President and Chief Financial Officer, will now additionally have direct oversight over the securities broker-dealer operations of Simmons First Investment Group Inc., the management of the bond portfolio of the company and its subsidiary banks and the consolidated asset-liability management for the company.