December 14, 2009 (FinancialWire) — Simmons First National Corp. (NASDAQ: SFNC) announced the closing of the underwriters’ exercise of their over-allotment option to purchase an additional 397,500 shares of the company’s common stock at a purchase price of $24.50 per share, less underwriting discounts and commissions.

The over-allotment option was granted in connection with the company’s previously announced public offering of 2,650,000 shares of its common stock at $24.50 per share. The company expects net proceeds from the offering, including the exercise of the over-allotment option, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately $70.5 million.

Stephens Inc. is serving as lead book-runner, and Stifel, Nicolaus & company, Inc. is serving as joint book-runner for the offering. Raymond James & Associates, Inc. is serving as co-manager.

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