ITEM 5: OTHER EVENTS
The
following is the text of a press release issued by the registrant at 3:10 P.M. Central
Standard Time on March 25, 2003.
SIMMONS FIRST
ANNOUNCES STOCK SPLIT
Pine
Bluff, AR — J. Thomas May, Chairman, President and Chief Executive Officer of Simmons
First National Corporation has announced the declaration of a two for one stock split by
the Corporation on its $1.00 par value Class A common stock (Nasdaq NM: SFNCA). The stock
split will distribute one additional share of stock to shareholders for each share owned
on the record date, April 18, 2003.
The
split will be effected through the distribution of the additional shares on May 1, 2003.
No fractional shares will be issued, but cash payments in lieu of fractional shares will
be made.
“We
believe that our growth over the last several years represents an increase in the overall
value of our organization”, May said. “This stock split allows us to deliver
enhanced value to our shareholders in the form of additional shares of stock in our
organization.”
Simmons
First is celebrating 100 years of providing financial services to the citizens of
Arkansas.
Simmons
First National Corporation is a $2 billion financial holding company, with community banks
in Pine Bluff, Jonesboro, Lake Village, Rogers, Russellville, Searcy and El Dorado,
Arkansas. The Company’s seven banks conduct financial operations from 64 offices in
34 communities.
# # #
FOR MORE INFORMATION CONTACT:
BARRY L. CROW
Executive Vice President and Chief Financial Officer
Simmons First National Corporation
(870) 541-1350
Ticker symbol: SFNCA
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