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Stock impact report

Simmons Bank enters grant agreement with City for Block 34 pavilion naming rights [Yahoo! Finance]

Simmons First National Corporation (SFNC) 
Last simmons first national corporation earnings: 4/21 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.simmonsbank.com
Company Research Source: Yahoo! Finance
construction of Block 34, and in exchange the financial group will receive naming rights of the open air pavilion for 25 years. It is estimated the current total costs for the Block 34 project, hopefully complete by fall of 2025, are close to $8 million. The pavilion itself, largely constructed of metal and concrete with public bathrooms, is estimated to be near $2 million, said Deputy City Manager Brady Moore. The new Simmons Pavilion, as it will be called, will be the main special events venue for Block 34. The agreement has other terms, said Moore. Simmons Bank has the option to renew the agreement at the end of the 25 years, for another 25 years of naming rights, for an additional $1.5 million. "We're so grateful for this generous gift to the community, and we can't wait to see the Simmons Bank structure come out of the ground soon," Moore said. "As you might imagine a grant that size is not random," said Simmons Bank Market President Kevin Fowler. "The company's only Show less Read more
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