CONWAY — House Speaker Davy Carter, R-Cabot, will oversee Home BancShares Inc.’s acquisition of Jonesboro-based Liberty Bank among his duties as regional president of Conway-based Home Bancshares subsidiary Centennial Bank, officials announced Tuesday.
Carter, a banker and lawyer, stepped down as a Centennial Bank executive before this year’s regular legislative session to focus on being House speaker. He flirted with joining the Republican primary race for governor before announcing after the session he would become an executive vice president of Home Bancshares.
Centennial Bank CEO Randy Sims announced Carter’s new appointment Tuesday, two weeks after Home Bancshares made public its planned acquisition of Liberty Bancshares, a merger that will create the second largest bank holding company headquartered in Arkansas with about $7.1 billion in total assets.
“We were grateful Davy returned to our corporate family a few months ago,” Sims said in announcing Carter’s appointment. “This will be the perfect opportunity for Davy and the bank.”