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

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.

Volleyball club beneficial to local players

Camryn Revette can’t imagine what life would be like as an athlete if she wasn’t playing for the Navarre Beach Volleyball Club. Revette, a sophomore, competes for the club when she isn’t competing for the Navarre Raiders during the high school season.

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