Simmons First National Corporation Announces Retirement of Marty Casteel as Senior Executive Vice President and Patrick Burrow as Executive Vice President and General Counsel, Effective March 31, 2020; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2019
January 23, 2020 at 01:30 pm
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Simmons First National Corporation announced that Marty Casteel, a company director and senior executive vice president will retire from his employment with the company, effective March 31, 2020. Casteel will continue to serve as a director the company. In addition, the Company announced that Patrick Burrow, executive vice president and general counsel, will retire, effective March 31, 2020.
The company reported net charge-offs for the fourth quarter ended December 31, 2019. For the fourth quarter 2019 net loans charged-off were $3.096 million against $6.917 million a year ago.
Simmons First National Corporation is a financial holding company. The Company, through its subsidiary, Simmons Bank (the Bank), provides banking and other financial products and services in markets located in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It offers commercial banking products and services to business and other corporate customers. It extends loans for a broad range of corporate purposes, including (among others) financing commercial real estate, construction of particular properties, commercial and industrial uses, acquisition and equipment financings, and other general corporate needs. It is also engaged in small business administration (SBA) and agricultural finance lending, and it offers corporate credit card products, as well as corporate deposit products and treasury management services. In addition, it offers a variety of consumer banking products and services, including (among others) savings, time, and checking deposit products.
Simmons First National Corporation Announces Retirement of Marty Casteel as Senior Executive Vice President and Patrick Burrow as Executive Vice President and General Counsel, Effective March 31, 2020; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2019