Home BancShares, Inc. Announces the Acquisition of $289.1 Million in Loans and Plans to Open Loan Production Office in New York Nasdaq:HOMB

CONWAY, Ark., April 1, 2015 (GLOBE NEWSWIRE) — Home BancShares, Inc. (Nasdaq:HOMB) (“Home” or “the Company”), parent company of Centennial Bank (“Centennial”), announced today the completion of an acquisition of national commercial real estate loans from J.C. Flowers & Co. LLC totaling approximately $289.1 million. This pool of loans was originated within the former Doral Property Finance portfolio and will now be housed in a division of Centennial known as the Centennial Commercial Finance Group (“Centennial CFG”). The Centennial CFG will be responsible for servicing the acquired loan pool and originating new loan production. The transaction is expected to be immediately accretive to earnings.