Home BancShares, Inc., the parent company of Centennial Bank, has acquired Happy Bancshares, Inc., the parent company of Happy State Bank, in an all-stock merger.
According to a news release, the combination grants Home BancShares access to the high growth Texas market and positions Home BancShares to expand further into Texas and potentially acquire additional institutions over time.
The release says the merger was unanimously approved by the Boards of directors of both companies.
The aggregate transaction value is around $919 million. As part of the agreement, they say the name will stay the same as they will continue to do business in Texas as Happy State Bank.
The High Plains Food Bank provides food for a program in Dumas that feeds roughly 600 people a week. However, it has only been a food pantry for a couple of years. The Dumas Education and Social Ministries started as an English as a Second Language program and when volunteers noticed their students were hungry, they found a way to help.
Now after feeding more than 140 families–or, about 600 people per week, and thousands of people every year, the DESM is looking to expand.
They hope to keep their partnership with the High Plains Food Bank and continue to provide food each week.
Here are the latest Covid 19 numbers from Moore County Emergency Management. PHA is reporting 74 active cases today.
MCHD is reporting 7 patients admitted with COVID. There have been two local deaths this week, bringing the total to 79.
Park testing is still on going with 601 people tested and 89 positives. Tests are at McDade Park Monday-Friday from 12P-2P free of charge.