Archive for the ‘Bank News’ Category

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Centennial Continues to Grow!

Monday, November 21st, 2011

Centennial Bank, a wholly-owned subsidiary of Home BancShares, Inc. is excited to announce a strategic expansion that will lead to the addition of 17 convenient bank locations in the Gulf Coast communities of Baldwin City, Ala. and the Florida Panhandle.

The expansion extends the Centennial Bank footprint into Alabama and increases its current presence in the Florida Panhandle.

For additional information and details regarding the expansion, visit the “Investor Relations” section at HomeBancshares.com.

 
 

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“Penny” Visits Stenstrom Elementary

Thursday, November 17th, 2011

Centennial Bank's "Penny" made an appearance at Stenstrom Elementary for their "Teach In" program on Tuesday. 

Penny was able to visit with Mrs. Forbus's Kindergarten class as well as Mrs. Ellis's Fifth grade class.  Centennial donated some First Account saving kits along with pens and pads and taught lessons about banking and the banking system. 

Thanks to all the teachers and kids for such a fun event!

 

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Centennial Partners with Florida Keys Healthy Start to Promote Car Seat Safety

Wednesday, November 9th, 2011

The Florida Keys Healthy Start Coalition has partnered with Centennial Bank to promote child passenger safety.  Certified technicians inspected the car seats of any parent who brought their car, child, and seat to Centennial Bank locations, most recently at the Key Largo branch.

Techs and fire department personnel worked with parents to properly fit the seat into their car, and the child safely into the seat. Many seats did not pass inspection and low cost, certified car seats were available to replace them.  Firefighters destroyed the unsafe seats so they could never be used again.
 

Florida Keys Healthy Start and Centennial Bank want to educate parents on the following points:

  • 3 out of 4 car seats are improperly installed
  • Most car seats expire 5 to 6 years from manufacture
  • All kids under 13 should ride in the rear seat
  • Infants should ride in rear facing car seats installed in the back seat
  • After outgrowing regular seats, kids should ride in booster seats until they are 80 lbs

For more information see www.keyshealthystart.org.
 

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Centennial Bank Gets Groovy at the Edison POPS at Sunset Concert

Monday, November 7th, 2011

Centennial Bank was a sponsor of the 16th Annual Edison POPS at Sunset Concert to benefit the Charlotte County Campus of Edison State College on Saturday, October 15. The Charlotte Symphony Orchestra’s theme this year was “Dance the Night Away.” The almost 1000 guests were encouraged to decorate their tables to add to the festive evening … and the Centennial Bank staff choose a DISCO theme!

Proceeds from the event benefit the Richard D. Yarger Charlotte POPS Scholarship Fund.

 In keeping with our table theme, a sign was posted for everyone to stop by and visit the Centennial Bank DISCO! The sign was donated by a local customer – Signs-R-Us – and also included their logo for all to see.


Pam Munz photo: Pam Munz from the Punta Gorda Branch dressed “DISCO” for the occasion.


The Centennial Bank table was complete with a mirror ball borrowed from a local dance studio.


Seated at the Centennial Bank table l to r:  Jeri Green, Lyn Foshee, Pam Munz, Willard Munz, Claire Chronister, Steve Chronister and Larry Green. (Missing from the photo is Teri Ashley)


The Charlotte Symphony Orchestra performed under the stars to entertain the attendees.

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Centennial Bank at the Oakley Seaver Memorial Golf Tournament

Monday, November 7th, 2011

Centennial Bank Orlando was proud to  participate in the 5th Annual Clermont Kiwanis Oakley Seaver Memorial Golf Tournament, a fundraiser for Take Stock in Children.

Take Stock in Children is a non-profit comprehensive program that helps low-income and at-risk students escape the cycle of poverty through education.  Take Stock in Children provide students college scholarships, volunteer mentor, student advocates, case managers and tutoring.


In this picture, front is Trisha Fohr, Kathy Scherer.  Back is Bob Garrison, Bryan Hoover with Take Stock in Children and Rebecca Shea.

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Centennial Donates $5,000 to ASU Beebe

Wednesday, November 2nd, 2011

Last week Centennial Bank presented $5,000 to ASU Beebe for the Centennial Bank Concert/Lecture Series.  Representing ASU Beebe is Dr. Keith Pinchback, Vice Chancellor for Institutional Advancement.


 

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Burn Victim Logan Nelson Receives Special Surprise

Monday, October 31st, 2011

Logan Nelson’s eyes widened Tuesday when he saw what was waiting for him. And Centennial Bank operations manager Lyn Foshee was almost equally excited to make the presentation … if not more so.

The Fort Myers Softball Club recently won a co-ed tournament and donated the event’s proceeds to Logan. But not only that, they donated their purple and gold trophy.

Nine-year old Logan was severely burned in July behind his Punta Gorda home while playing with gasoline and fire. After extensive treatment at Shriner's Hospital in Cincinnati, Logan continues on his quest for a complete recovery.

“Here you go, buddy!” Foshee said as she presented the trophy in the Punta Gorda lobby of Centennial Bank. “This is almost as big as you are!”

The card attached from Angie Baker with the Fort Myers Softball Club echoed the sentiments of the entire Southwest Florida community.    

“We are wishing you a speed recovery! We are all rooting for you!”

 Logan Nelson’s eyes widen as Lyn Foshee of the Centennial Bank branch in Punta Gorda presents him with a trophy from the Fort Myers Softball Club.

Logan Nelson’s eyes widen as Lyn Foshee of the Centennial Bank branch in Punta Gorda presents him with a trophy from the Fort Myers Softball Club.

 

  Logan Nelson reads words of encouragement from the Fort Myers Softball Club as his grandmother, Elizabeth Nelson, stands nearby.

 

(l to r): Claire Chronister, Centennial Bank:  Logan Nelson; Elizabeth Nelson, Logan’s grandmother; Lyn Foshee, Centennial Bank.

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Home BancShares, Inc. Announces Record Quarterly Earnings of $14.3 Million

Thursday, October 20th, 2011

Conway, AR – Home BancShares, Inc. (NASDAQ GS:  HOMB), parent company of Centennial Bank, today announced third quarter earnings of $14.3 million, or $0.48 diluted earnings per common share, compared to $9.6 million, or $0.31 diluted earnings per common share for the same quarter in 2010.  The Company increased its third quarter net income by $4.8 million or 49.7% for the three months ended September 30, 2011 compared to the same period of the previous year.

Because acquisitions are growth and capital management strategies, earnings excluding amortization of intangibles after-tax are useful in evaluating the Company. Diluted earnings per common share excluding intangible amortization for the third quarter of 2011 was $0.50 compared to $0.33 diluted earnings per common share excluding intangible amortization for the same period in 2010. 

“The Company has achieved yet another historically record quarter during the third quarter of 2011,” said John Allison, Chairman. “Even with our repayment of TARP during the third quarter, our strong capital levels are sustained considerably above the regulators’ capital requirements.  With this in mind, we are able to maintain the position of taking advantage of opportunistic FDIC deals as they become available.”

Randy Sims, Chief Executive Officer, added, “Not only did we see our net interest margin improve 40 basis points during the third quarter of 2011 over the third quarter of 2010, but we again reported marked improvements in the non-performing non-covered loans and nonperforming non-covered assets when compared to those during 2010. Our Company is no doubt pleased with the continued success in the third quarter of 2011.”

Read more on Centennial’s financial condition by downloading our complete earnings release here.
 

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But It’s Only $5…

Thursday, October 6th, 2011

It's only $5 a month, right? So why should people be upset over such a seemingly small monthly charge assessed just for using a debit card?

At Centennial, we think the use of a debit card is one of the most basic services we can provide, and we just don't think it’s right to charge a fee associated with an activity that's become such a basic utility of society.

Besides, what can $5 get you? It can still get you quite a bit, actually:

  • Lunch on the extra-value menu.
  • About a gallon and a half of gas (add that up over a year and you've got a full tank).
  • Four 20 oz. sodas from the machine at work.
  • A program at a college football game.
  • Admission to a high-school football game.
  • A day's worth of change for the parking meter.
  • A foot-long sub sandwich.
  • Family outing to the dollar movies.
  • Three daily newspapers.

Point is, over time $5 here and there will get you some stuff. Now that some national banks have made the news by charging a debit-card fee, we feel even better about our decision to remain focused on our customers' needs and not charge a similar fee.

Check out this coverage from Arkansas Business:

"Centennial Bank of Conway this weekend unveiled a marketing campaign trumpeting continuation of its free, instant-issue debit card program. The ad took a shot at Bank of America without naming names.

It referred to programs at other banks as the 'sorry-but-we'll-have-to-charge-you-five-bucks-a-month-and-you'll-have-to-wait-three-painfully-long-weeks-to-get-it-even-though-you-could-really-use-it-today-debit-card.'"

Here's the link to the full story by veteran banking writer George Waldon.

We believe customers have the right to use a debit card free of charge, and they should receive their card immediately upon opening their account. It's pretty simple, really.

Just like a trip to the dollar movies or a Double Cheeseburger for the extra-value menu…
 

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Centennial Bank Groundbreaking in Searcy

Wednesday, October 5th, 2011

Centennial Bank will soon start construction on a new Searcy branch located at 2620 East Race St.

White County Judge Michael Lincoln and Searcy Mayor David Morris both spoke at yesterday's groundbreaking praising the wonderful blessings and talents within the community and explained that these blessings have allowed our community to continue to grow even in this unstable economy.

The new location will be a full service bank and house workers from the current Race Street branch located next to White County Medical Center.

Senior Vice President and Commercial Lender Blake Holzhauer said they hope to continue to provide good service and excellent products at the new location.

The branch is set to open by the end of January but could vary depending on weather conditions.

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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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