Simmons First National Bank takes over deposits of Excel

6:09 PM, Oct 20, 2012   |    comments
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Sedalia, MO. ( KSDK ) -- Excel Bank of Sedalia, which has a location in Kirkwood, has been closed by the Missouri Division of Finance, but federal regulators say customers will notice only minor changes in how they access their funds.

The Federal Deposit Insurance Corporation struck a deal with Simmons First National Bank of Pine Bluff, Arkansas, to assume Excel's deposits. 

The four Excel branches opened as normal today and customers should continue using their existing branch until Simmons notifies them that other branches can process their accounts.

The FDIC says Excel depositors can write checks and use ATM and debit cards as usual in the meantime.  Customers with questions can call the FDIC at 1-800-830-4697.





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