Table Rock Community Bank and First Community Bank of the Ozarks, Member FDIC parent company, Alton Bancshares, jointly announce the approval by their Boards of Directors to combine under the name Table Rock Community Bank.
BRANSON, MO, FORSYTH, MO, HOLLISTER, MO, BRANSON WEST, MO, KIMBERLING CITY, MO, and CRANE, MO – JULY 6, 2023
The two banks will combine to create total assets of $317 million, serving both individuals and businesses throughout the region. “We are very excited to bring together two high-performing and trusted organizations. Each has invested heavily in serving our communities. This combination enables us to serve a larger area with the core values and differentiated service we have delivered for many years,” said Kendall Combs, Chairman of Alton Bancshares. “Our family has been in the banking business for six decades. We honor the relationships we have built through the years and take pride in our strength and service. This is a continuation of our passion for serving our local communities with excellence.”
The merger of these institutions was announced in the spring of 2022 and will be completed by November 30, 2023. First Community Bank of the Ozarks was founded in 1993 and was purchased by Alton Bancshares in 2012. Table Rock Community Bank was founded in 2006 and purchased in 2022. Locations in Kimberling City, Branson West, and one Loan Production office in Crane will retain the name Table Rock Community Bank, while Forsyth, Branson, and Hollister will merge under that name following the November 30th, 2023 completion.
The merger provides current and future customers access to more locations and ATMs with other positive advancements on the horizon. After November 30, customers will be able to use any of the six locations, improving convenience for individuals and small business customers. Dwayne A. Falk has served as President and CEO of Table Rock Community Bank in Stone County since June of 2017 and is also currently serving as interim President and CEO of First Community Bank of the Ozarks. Dwayne will continue as President and CEO of the newly merged organization, upon completion of the merger. Dwayne states, “This transaction is a key step forward in our ongoing commitment to grow
and support our communities. I am eager for the opportunity to engage with an even larger group of valued community members. I am also honored to collaborate with the amazing teams of both banks to forge a unified and robust organization.”
Both institutions have built lasting relationships in the communities of Stone and Taney counties. The name Table Rock Community Bank was chosen due to the strong emotional
connections with the region. These community-focused banks have a name that truly embodies the connection to the people and businesses of the beautiful lake region. For
many decades, the Table Rock Lake region has touched the lives of the people of the Ozarks wherever the waters run…along the James, Finley, Kings, and White Rivers; the
lakes of Table Rock and Taneycomo, and even the waters below Powersite Dam. The name Table Rock Community Bank reflects that connection.
The forward-looking statements of this merger will be built on the promise of a Rock Solid Foundation. The newly merged bank is still locally owned, still making local decisions. The same friendly faces and great service will continue.
GOVERNANCE AND LEADERSHIP:
Kendall Combs, Board Chairman
Dwayne Falk, President/CEO/Board Member
Mike Combs, Board Member
Randall Combs, Board Member
Larry Schmitt, Board Member
Bob Simmons, Board Member
Steve Verheyen, Board Member
Rick Stumpff, Board Member
Jay Krause, Board Member
About Alton Bancshares, Inc.
Alton Bancshares is a bank holding company in Alton, Missouri, owned by Randall and Beckie Combs, Kendall and Pat Combs, and Mike and Sandy Combs. In addition to Table
Rock Community Bank and First Community Bank of the Ozarks, the Company owns Alton Bank, with offices in Alton and Birch Tree. Additionally, Stone bank in Arkansas is owned by the Combs family under a separate holding company. They service northern and central Arkansas with branches in Little Rock, White Hall, DeWitt, Gillett, Mountain View, and an Agri Lending Center also in Mountain View.