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Business

Home BancShares, Inc. acquires $289M in loans, plans to open NY office

| Staff Reporters

Home BancShares, Inc., parent company of Centennial Bank, which has a branch in Navarre, recently acquired $289 million in national commercial real estate loans from J.C. Flowers & Co. LLC. This pool of loans 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 (CFG). The Centennial CFG will be responsible for servicing the loan pool and originating new loan production. The transaction is expected to be immediately accretive to earnings.

 

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