Simmons First National to close 26 bank branches, take USD 20 million-23 million in charges
SFNC•Branch review leads to closures and restructuring charges
Simmons First National Corporation moved to close 26 Simmons Bank branches across its six-state footprint as part of a retail network review.
- Closures are expected to take effect Dec. 4, 2026.
- About 100 associates are expected to be impacted, with roughly 70% expected to be retained in other roles.
- Pre-tax charges are estimated at USD 20 million to USD 23 million, driven mainly by real estate write-downs and lease termination fees.
- Cash costs are expected at USD 4 million to USD 5 million.
- Substantially all charges are slated for recognition in Q3 2026.
