Home BancShares, Inc. Announces Appointments: Dave Seleski Named to Centennial Bank Board of Directors, David Druey Named to Regional President in Florida

CONWAY, Ark., July 05, 2018 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NASDAQ GS:HOMB) (“Home” or “the Company”), and its wholly-owned subsidiary, Centennial Bank (“Centennial”), today announced the appointment of former Stonegate CEO, Dave Seleski, as a member of the Centennial Bank Board of Directors as well as the promotion of David Druey to Regional President in Florida.

“We are extremely pleased to have Dave join our Board of Directors and continue providing good direction on the former Stonegate loan portfolio in Florida,” said John W. Allison, Chairman.

“This was the plan all along,” said Seleski. “During the conversion from Stonegate, I facilitated the distribution of loans into the appropriate Centennial regions and that transition has gone better and faster than I anticipated. I thought it could take as many as three years, but due to the depth of experience Centennial has in Florida, the process is basically complete. I am very pleased with the combined team that is in place to move forward. I am honored and elated to be asked to serve on the Centennial Board.”

“Additionally, we are promoting David Druey to Regional President with responsibility for all of Florida, excluding North Florida,” added Allison. “Druey has been with the bank from the beginning and ran one of the most profitable regions in Arkansas. He has most recently served as Division President for Broward County for almost four years,” said Allison. “David is a proven successful operator within our company; with his day to day operations of the bank and Dave’s mentorship as a director, it creates an even stronger team for our Florida markets.”

“The Stonegate integration was very smooth and we have found ourselves in an opportunity to move Dave into an integral position by joining the board and continuing to provide leadership in our Florida market,” said Tracy French, President and CEO of Centennial Bank. “David Druey has done an excellent job growing the Broward County market. Florida is an important market to HOMB and Centennial Bank. As a combined team we will continue to make great things happen in Florida.”

General

Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, South Alabama and New York City. The Company’s common stock is traded through the NASDAQ Global Select Market under the symbol “HOMB.”

This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following: economic conditions, credit quality, interest rates, loan demand, the ability to successfully integrate new acquisitions, increased regulatory requirements as a result of our exceeding $10 billion in total assets, legislative and regulatory changes, technological changes and cybersecurity risks, competition from other financial institutions, changes in the assumptions used in making the forward-looking statements, and other factors described in reports we file with the Securities and Exchange Commission (the “SEC”), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2017 filed with the SEC on February 27, 2018.