Initiative designed to revitalize vacant city
block into an inclusive and sustainable public space
STILLWATER, Okla., Dec. 8, 2022
/PRNewswire/ -- Simmons Bank announced today that it is in advanced
negotiations with the City of
Stillwater regarding a donation to support Block 34, an
initiative designed to revitalize a vacant city block into an
inclusive and sustainable public space that reflects the cultural
heart and soul of the community. Based on preliminary discussions,
the donation is expected to total approximately $1.5 million, subject to the execution of a
mutually acceptable definitive agreement.
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"Being a strong business partner and investing in the
communities where we live and work is ingrained in our DNA at
Simmons Bank," said Kevin Fowler,
regional community president for Simmons Bank. "As a company that
prides itself on being a community bank, we recognize that the
Block 34 project provides an opportunity for continued economic
development and transformation in downtown Stillwater, while serving as a gathering spot
for the community to enjoy social, cultural and educational
events."
At the heart of the goals that the Block 34 Task Force has
developed for Block 34, is the creation of a strong sense of place,
often described as a "living room," that instills a sense of pride
for all citizens, fosters sustainability and connects the cultural
dots in the downtown area while providing a link between Main
Street and Duck Street. Design plans for Block 34 include an event
space that includes a large central lawn, an event pavilion, an
outdoor amphitheater and a plaza with landscaping, water feature,
public art, benches, bermed lawn seating, space for food trucks and
other vendors, shade structures and public restrooms.
If finalized, the donation to the City
of Stillwater would follow Simmons Bank's "game changing"
support for female student-athletes with a multi-university
sponsorship of women's athletics announced in December 2021, whereby Simmons Bank serves as the
presenting sponsor of women's athletics at Oklahoma State University. Simmons Bank entered the
Stillwater market through its
acquisition of Bank SNB in 2017.
About Simmons Bank
Simmons Bank is a wholly owned
subsidiary of Simmons First National Corporation (NASDAQ: SFNC), a
Mid-South based financial holding company that has paid cash
dividends for 113 consecutive years. Simmons Bank operates more
than 230 branches in Arkansas,
Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers
comprehensive financial solutions delivered with a client-centric
approach. In 2022, Simmons Bank was named to Forbes list of
"America's Best Banks" for the second consecutive year and to
Forbes list of "World's Best Banks" for the third consecutive
year. Additional information about Simmons Bank can be found on our
website at simmonsbank.com, by following @Simmons_Bank on
Twitter or by visiting our newsroom.
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SOURCE Simmons Bank