<SEC-DOCUMENT>0001552781-19-000385.txt : 20190913
<SEC-HEADER>0001552781-19-000385.hdr.sgml : 20190913
<ACCEPTANCE-DATETIME>20190913134430
ACCESSION NUMBER:		0001552781-19-000385
CONFORMED SUBMISSION TYPE:	S-4/A
PUBLIC DOCUMENT COUNT:		22
FILED AS OF DATE:		20190913
DATE AS OF CHANGE:		20190913

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIMMONS FIRST NATIONAL CORP
		CENTRAL INDEX KEY:			0000090498
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				710407808
		STATE OF INCORPORATION:			AR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-233559
		FILM NUMBER:		191092210

	BUSINESS ADDRESS:	
		STREET 1:		501 MAIN STREET
		CITY:			PINE BLUFF
		STATE:			AR
		ZIP:			71601
		BUSINESS PHONE:		8705411000

	MAIL ADDRESS:	
		STREET 1:		501 MAIN STREET
		CITY:			PINE BLUFF
		STATE:			AR
		ZIP:			71601
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-4/A
<SEQUENCE>1
<FILENAME>e19411_snfc-s4a.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>As
filed with the Securities and Exchange Commission on September 13, 2019. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Registration
No. 333-233559 </B></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B>WASHINGTON, D.C. 20549 </B></FONT></P>


<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <FONT STYLE="font-size: 12pt"><B>Amendment
No. 1 To</B></FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>FORM
S-4</B><BR>
<B>REGISTRATION STATEMENT</B><BR>
<B><I>UNDER</I></B><BR>
<B><I>THE SECURITIES ACT OF 1933</I></B></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&#8203;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 20pt"><B>SIMMONS
FIRST NATIONAL CORPORATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">(Exact
name of registrant as specified in its charter)</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8203;</B></FONT></td>
    <TD STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Arkansas</B></FONT></td>
    <TD STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8203;</B></FONT></td>
    <TD STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8203;</B></FONT></td>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>6022</B></FONT></td>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8203;</B></FONT></td>
    <TD STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8203;</B></FONT></td>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>71-0407808</B></FONT></td>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8203;</B></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&#8203;</FONT></td>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(State
    or other jurisdiction of<BR>
    incorporation or organization) </FONT></td>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&#8203;</FONT></td>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&#8203;</FONT></td>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Primary
    Standard Industrial<BR>
    Classification Code Number) </FONT></td>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&#8203;</FONT></td>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&#8203;</FONT></td>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S.
    Employer<BR>
    Identification Number)</FONT></td>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&#8203;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 30%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 35%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>501
Main Street </B><BR>
<B>Pine Bluff, Arkansas 71601 </B><BR>
<B>(870) 541-1000 </B><BR>
(Address, including zip code, and telephone number, including area code, of registrant&rsquo;s principal executive offices)</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>George
A. Makris, Jr. </B><BR>
<B>Chairman and Chief Executive Officer </B><BR>
<B>Simmons First National Corporation </B><BR>
<B>501 Main Street </B><BR>
<B>Pine Bluff, Arkansas 71601 </B><BR>
<B>(870) 541-1000 </B><BR>
(Name, address, including zip code, and telephone number, including area code, of agent for service)</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><I>With
copies to:</I></B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-bottom: 3pt">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8203;</B></FONT></TD>
    <TD STYLE="width: 52%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Patrick
                                         A. Burrow,</B><BR>
                                         <B>Executive Vice President,</B><BR>
                                         <B>General Counsel and Corporate Secretary</B><BR>
                                         <B>Simmons First National Corporation</B><BR>
                                         <B>601 E. 3rd Street, 12th Floor</B><BR>
                                         <B>Little Rock, Arkansas 72201</B><BR>
                                         <B>(501) 558-3160 </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="width: 46%; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Frank
    M. Conner III</B><BR>
    <B>Michael P. Reed</B><BR>
    <B>Covington &amp; Burling LLP</B><BR>
    <B>One CityCenter</B><BR>
    <B>850 Tenth Street N.W.</B><BR>
    <B>Washington, D.C. 20001</B><BR>
    <B>(202) 662-6000</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8203;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Kevin
                                         D. Gibbens</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>President
        &amp; Chief Executive Officer</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>The
        Landrum Company</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>801
        East Broadway</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Columbia,
        MO 65201</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(573)
        499-7363</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 3pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Kenneth
                                         H. Suelthaus</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Larry
        K. Harris</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Polsinelli
        PC </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>100
        South Fourth Street</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>St.
        Louis, Missouri 63102</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(314)
        889-8000</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-bottom: 1pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.25in"><FONT STYLE="font-size: 10pt"><B>Approximate
date of commencement of the proposed sale of the securities to the public:</B> As soon as practicable after this Registration
Statement becomes effective and upon completion of the merger described in the enclosed document.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">If the
securities being registered on this Form are being offered in connection with the formation of a holding company and there is
compliance with General Instruction G, check the following box.&ensp;<FONT STYLE="font-family: Wingdings">o</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">If this
Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following
box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&ensp;<FONT STYLE="font-family: Wingdings">o</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">If this
Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering.&ensp;<FONT STYLE="font-family: Wingdings">o</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of&thinsp; &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated
filer,&rdquo; &ldquo;smaller reporting company,&rdquo; and &ldquo;emerging growth company&rdquo; in Rule 12b-2 of the Exchange
Act.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 56%; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Large
    accelerated filer&ensp;<FONT STYLE="font-family: Wingdings">x</FONT></FONT></td>
    <TD STYLE="width: 44%; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Accelerated
    filer&ensp;<FONT STYLE="font-family: Wingdings">o</FONT></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Non-accelerated
    filer&ensp;<FONT STYLE="font-family: Wingdings">o</FONT> </FONT></td>
    <TD STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Smaller
    accelerated filer&ensp;<FONT STYLE="font-family: Wingdings">o</FONT></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Emerging
    growth company&ensp;<FONT STYLE="font-family: Wingdings">o</FONT></FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. <FONT STYLE="font-family: Wingdings">o</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">If applicable,
place an X in the box to designate the appropriate rule provision relied upon in conducting this transaction:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Exchange
Act Rule 13e-4(i) (Cross-Border Issuer Tender Offer) <FONT STYLE="font-family: Wingdings">o</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Exchange
Act Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) <FONT STYLE="font-family: Wingdings">o</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <FONT STYLE="font-size: 10pt"><B>The</B></FONT> <FONT STYLE="font-size: 10pt"><B>
registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until
the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become
effective in accordance with Section 8(a) of the Securities Act of 1933, or until the registration statement shall become effective
on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.</B></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 4pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="color: #FF4338; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: left"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #FF4338; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt"><B>Information
contained herein is subject to completion or amendment. A registration statement relating to these securities has been filed with
the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This document shall not constitute an offer to sell or the solicitation of any offer
to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.</B></FONT></P>

<P STYLE="color: #FF4338; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>PRELIMINARY
- SUBJECT TO COMPLETION - DATED SEPTEMBER 13, 2019</B></FONT></P>

<P STYLE="color: #FC0014; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>PROXY
STATEMENT/PROSPECTUS </B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><IMG SRC="i19395001_v1.jpg" ALT="logo">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>PROPOSED MERGER&thinsp;&mdash;&thinsp;YOUR
VOTE IS VERY IMPORTANT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Dear Shareholders of The Landrum
Company:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">On July 30, 2019,
Simmons First National Corporation, which we refer to as Simmons, an Arkansas corporation and the parent holding company of Simmons
Bank, an Arkansas state-chartered bank and wholly owned subsidiary of Simmons, and The Landrum Company, which we refer to as Landrum,
a Missouri corporation and the parent holding company of Landmark Bank, a Missouri state-chartered bank and wholly owned subsidiary
of Landrum, entered into an Agreement and Plan of Merger, which we refer to as the merger agreement. Under the terms and subject
to the conditions of the merger agreement, among other things, Landrum will merge with and into Simmons, with Simmons continuing
as the surviving corporation, which we refer to as the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">The completion
of the merger will add Landmark Bank&rsquo;s 39 branches to the Simmons footprint and enhance Simmons&rsquo; existing presence
in Missouri, Southern Oklahoma, and Northern Texas.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">Based on the
assumptions set forth below, under the terms of the merger agreement, each share of Class A Common Voting Stock, $0.01 par value
per share, of Landrum, or the Landrum Class A common stock, and Class B Common Nonvoting Stock, $0.01 par value per share, of
Landrum, or the Landrum Class B common stock, which together with the Landrum Class A common stock we collectively refer to as
the Landrum common stock, that is issued and outstanding immediately prior to the time the merger is completed, excluding certain
specified shares, will be converted into the right to receive 25.5022 shares of Class A Common Stock, par value $0.01 per
share, of Simmons, or Simmons common stock, which we refer to as the per share merger consideration, with cash paid in lieu of
fractional shares. The per share merger consideration is based on the assumption that 680,334 shares of Landrum common
stock are issued and outstanding immediately prior to the time the merger is completed. In addition, each share of Landrum&rsquo;s
Preferred Stock, no par value per share, Series E, or Landrum Series E preferred stock, that is issued and outstanding immediately
prior to the time the merger is completed, will be converted into the right to receive one share of Simmons&rsquo; comparable
Series D Preferred Stock, par value $0.01 per share, or Simmons Series D preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">In the aggregate,
Simmons will issue 17,350,000 shares of Simmons common stock to holders of Landrum common stock and 767 shares of Simmons Series
D preferred stock to holders of Landrum Series E preferred stock, which together with holders of Landrum common stock we refer
to as the Landrum shareholders, upon completion of the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 20pt"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 20pt"><FONT STYLE="font-size: 10pt">The market
value of the per share merger consideration will fluctuate with the price of Simmons common stock. At the time of the special
meeting of holders of Landrum Class A common stock, or Landrum Class A shareholders, holders of Landrum common stock will not
know or be able to calculate the value of the per share merger consideration to be received upon completion of the merger. Shares
of Simmons common stock are listed on the Nasdaq Global Select Market under the symbol &ldquo;SFNC.&rdquo; The following table
sets forth the closing sale price per share of Simmons common stock on July 30, 2019, the last trading day before the public announcement
of the signing of the merger agreement, and on September 9, 2019, the last practicable trading day prior to printing this
proxy statement/prospectus. The table also shows the implied value of the per share merger consideration payable for each share
of Landrum common stock on July 30, 2019 and on September 9, 2019, the last practicable trading day prior to printing this
proxy statement/prospectus, in each case using the assumption described above.&nbsp;<B>We urge you to obtain current market quotations
for Simmons common stock.</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Simmons&nbsp;<BR> Common&nbsp;<BR> Stock</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Implied&nbsp;<BR> Value of Per Share&nbsp;<BR> Merger&nbsp;<BR> Consideration</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%">July 30, 2019</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">25.79</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right"> <FONT STYLE="font-size: 10pt">657.70</FONT> </TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"> September 9, 2019</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"> <FONT STYLE="font-size: 10pt">24.43</FONT> </TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"> <FONT STYLE="font-size: 10pt">623.02</FONT> </TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">Landrum will hold
a special meeting of Landrum Class A shareholders in connection with the merger, or the Landrum special meeting. Simmons and Landrum
cannot complete the merger unless&nbsp;Landrum Class A shareholders approve the merger agreement and the transactions contemplated
thereby, including the merger. The Landrum board of directors is providing this document to solicit Landrum Class A shareholders&rsquo;
proxy to vote in connection with the merger agreement and related matters. In addition, this document is also being delivered
to Landrum shareholders as Simmons&rsquo; prospectus for its offering of Simmons common stock and Simmons Series D preferred stock
in connection with the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">The Landrum
special meeting will be held on October 22, 2019, at 801 East Broadway, Columbia, MO 65201, at 10:00 A.M. Central
Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>Landrum
Class A shareholders, your vote is very important. To ensure your representation at the Landrum special meeting, please complete,
sign, date and return the enclosed proxy. Sending in your proxy will not prevent you from voting your shares personally
at the Landrum special meeting, since you may revoke your proxy at any time before it is voted. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>The Landrum
board of directors approved the merger agreement and the transactions contemplated thereby and recommends that Landrum Class A
shareholders vote &ldquo;FOR&rdquo; approval of the merger agreement, and, if necessary or appropriate, &ldquo;FOR&rdquo; the
proposal to adjourn the Landrum special meeting for the purpose of soliciting additional proxies in favor of approval of the merger
agreement. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 20pt"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 20pt"><FONT STYLE="font-size: 10pt">The enclosed
proxy statement/prospectus provides a detailed description of the Landrum special meeting, the merger, the merger agreement, the
documents related to the merger, and other related matters. <B>We urge you to read the proxy statement/prospectus, including any
documents incorporated in the proxy statement/prospectus by reference, and its annexes, carefully and in their entirety, including
&ldquo;Risk Factors,&rdquo; beginning on page 27, for a discussion of the risks relating to the merger. </B>You also can
obtain information about Simmons from documents that it has filed with the Securities and Exchange Commission.</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt">Sincerely,</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 53%; font: 10pt Times New Roman, Times, Serif"><IMG SRC="i19395002_v1.jpg" ALT="logo"></TD>
    <TD STYLE="width: 47%; font: 10pt Times New Roman, Times, Serif"><IMG SRC="i19395003_v1.jpg" ALT="logo"></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">George A. Makris,
    Jr.&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Kevin D. Gibbens</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chairman and Chief
    Executive Officer&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">President &amp;
    Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simmons First
    National Corporation</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum Company</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>Neither the
Securities and Exchange Commission nor any state securities commission has approved or disapproved the merger, the issuance of
the Simmons common stock or Simmons Series D preferred stock to be issued in the merger, or the other transactions described in
this document or passed upon the adequacy or accuracy of this proxy statement/prospectus. Any representation to the contrary is
a criminal offense.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>The securities
to be issued in the merger are not savings or deposit accounts or other obligations of any bank or non-bank subsidiary of either
Simmons or Landrum, and they are not insured by the Federal Deposit Insurance Corporation, the Deposit Insurance Fund, or any
other governmental agency.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">The date of
this proxy statement/prospectus is September 17, 2019, and it is first being mailed or otherwise delivered to Landrum shareholders
on or about September 19, 2019. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iii<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><IMG SRC="i19395001_v1.jpg" ALT="logo"></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>The Landrum
Company</B><BR>
<B>801 East Broadway</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Columbia,
MO 65201</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>NOTICE
OF SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON OCTOBER 22, 2019</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">To the Class A Common Shareholders
of The Landrum Company:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">Notice is
hereby given that The Landrum Company, which we refer to as Landrum, will hold a special meeting of holders of Class A Common
Voting Stock, $0.01 par value per share, of Landrum, or the Landrum Class A common stock, which we refer to as the Landrum special
meeting, at 801 East Broadway, Columbia, MO 65201, on October 22, 2019, at 10:00 A.M. Central Time. The Landrum
special meeting will be held for the purposes of allowing holders of Landrum Class A common stock to consider and vote upon the
following matters:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">a
                                         proposal to approve the Agreement and Plan of Merger, dated as of July 30, 2019, which
                                         we refer to as the merger agreement, by and between Simmons First National Corporation,
                                         which we refer to as Simmons, and Landrum, pursuant to which, among other things, Landrum
                                         will merge with and into Simmons, with Simmons continuing as the surviving corporation,
                                         which we refer to as the merger, as more fully described in the attached proxy statement/prospectus,
                                         which we refer to as the merger proposal; and</FONT></TD></TR>                                                                                                       <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">a
                                         proposal to approve one or more adjournments of the Landrum special meeting, if necessary
                                         or appropriate, to solicit additional proxies in favor of approval of the merger proposal,
                                         which we refer to as the adjournment proposal.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">These proposals
are described in greater detail in the accompanying proxy statement/prospectus. Landrum will transact no other business at the
Landrum special meeting, except for the business properly brought before the Landrum special meeting or any adjournment or postponement
thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">Landrum has
fixed the close of business on September 6, 2019 as the record date for the Landrum special meeting. Only holders of record
of Landrum Class A common stock at that time are entitled to notice of, and to vote at, the Landrum special meeting, or any adjournment
or postponement thereof. Approval of the merger proposal requires the affirmative vote of holders of at least two-thirds of the
outstanding shares of Landrum Class A common stock entitled to vote on the merger proposal. Approval of the adjournment proposal
requires the affirmative vote of holders of at least a majority of the shares of Landrum Class A common stock present or represented
by proxy at the Landrum special meeting and entitled to vote on the adjournment proposal. At the close of business on the record
date, 655,577 shares of Landrum Class A common stock were outstanding and entitled to vote.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>Your vote is
very important. Simmons and Landrum cannot complete the merger unless holders of Landrum Class A common stock approve the merger
agreement.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iv<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>To ensure
your representation at the Landrum special meeting, please complete, sign, date and return the enclosed proxy by following
the instructions on your proxy. If your shares of Landrum common stock are held in &ldquo;street name&rdquo; by a bank,
broker or other nominee, please follow the instructions on the voting instruction form provided by the record holder. Sending
in your proxy will not prevent you from voting your shares personally at the Landrum special meeting, since you may revoke
your proxy at any time before it is voted.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">Under Missouri
law, Landrum shareholders who do not vote in favor of the merger proposal and follow certain procedural steps will be entitled
to dissenters&rsquo; rights. See &ldquo;Questions and Answers&mdash;Are Landrum shareholders entitled to dissenters&rsquo; rights?&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">The enclosed proxy
statement/prospectus provides a detailed description of the Landrum special meeting, the merger, the merger agreement, the documents
related to the merger, and other related matters. We urge you to read the proxy statement/prospectus, including any documents
incorporated in the proxy statement/prospectus by reference, and its annexes, carefully and in their entirety.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>The Landrum
board of directors has approved the merger agreement and the transactions contemplated thereby and recommends that holders of
Landrum Class A common stock vote &ldquo;FOR&rdquo; the merger proposal and &ldquo;FOR&rdquo; the adjournment proposal.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>BY ORDER OF THE BOARD OF DIRECTORS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><IMG SRC="i19395003_v1.jpg" ALT="logo"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Kevin D. Gibbens</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>President &amp; Chief Executive
Officer</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Columbia, MO</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> September 17, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->v<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>ADDITIONAL
INFORMATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">This proxy statement/prospectus
incorporates important business and financial information about Simmons from documents filed with the U.S. Securities and Exchange
Commission, or the SEC, that are not included in or delivered with this proxy statement/prospectus. You can obtain any of the
documents filed with or furnished to the SEC by Simmons at no cost from the SEC&rsquo;s website at www.sec.gov. You will also
be able to obtain these documents, free of charge, from Simmons at www.simmonsbank.com. The information provided on Simmons&rsquo;
website is not a part of the accompanying proxy statement/prospectus and therefore is not incorporated by reference into the accompanying
proxy statement/prospectus. You may also request copies of these documents concerning Simmons, including documents incorporated
by reference in this proxy statement/prospectus, at no cost by contacting Simmons at the following address:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons First
National Corporation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">501 Main Street&nbsp;<BR>
P.O. Box 7009&nbsp;<BR>
Pine Bluff, Arkansas 71601&nbsp;<BR>
Attention: Patrick A. Burrow&nbsp;<BR>
Telephone: (870) 541-1000</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">Landrum does not
have a class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended, or the Exchange Act,
and is therefore not subject to the reporting requirements of Section 13(a) or 15(d) of the Exchange Act and, accordingly, does
not file documents or reports with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">If you are a Landrum
shareholder and have any questions concerning the Landrum special meeting, the merger, the merger agreement or the proxy statement/prospectus,
would like additional copies of the proxy statement/prospectus without charge or need help voting your shares of Landrum common
stock, please contact Landrum at the following address:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>The Landrum
Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">801 East Broadway</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Columbia, MO
65201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Attention: Lisa
Evans<BR>
Telephone: (573) 441-2822</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>These documents
are available without charge upon written or oral request. To obtain timely delivery of these documents, you must request them
no later than October 15, 2019 in order to receive them before the Landrum special meeting.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">No one has
been authorized to provide you with information that is different from that contained in, or incorporated by reference into, this
document. This document is dated September 17, 2019 and you should assume that the information in this document is accurate
only as of such date. You should assume that the information incorporated by reference into this document is accurate as of the
date of such document. Neither the mailing of this document to Landrum shareholders nor the issuance by Simmons of shares of Simmons
common stock or Simmons Series D preferred stock in connection with the merger will create any implication to the contrary. See
&ldquo;Where You Can Find More Information&rdquo; for more details.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><B>This document
does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, or the solicitation of a proxy, in
any jurisdiction to or from any person to whom or from whom it is unlawful to make any such offer or solicitation in that jurisdiction.
Except where the context otherwise indicates, information contained in this document regarding Simmons has been provided by Simmons
and information contained in this document regarding Landrum has been provided by Landrum.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->vi<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>TABLE OF CONTENTS</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 95%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; width: 5%; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 1pt; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Page</B></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a001"><FONT STYLE="font-size: 10pt">QUESTIONS
    AND ANSWERS ABOUT THE PROPOSED MERGER AND THE LANDRUM SPECIAL MEETING</FONT></A></td>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">1</td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a002"><FONT STYLE="font-size: 10pt">SUMMARY</FONT></A></td>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a003"><FONT STYLE="font-size: 10pt">SELECTED HISTORICAL CONSOLIDATED FINANCIAL DATA OF SIMMONS</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>20</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a004"><FONT STYLE="font-size: 10pt">MARKET PRICE AND DIVIDENDS</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>25</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a005"><FONT STYLE="font-size: 10pt">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>25</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a006"><FONT STYLE="font-size: 10pt">RISK FACTORS</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>27</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a007"><FONT STYLE="font-size: 10pt">Risks
    Relating to the Merger </FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>27</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a008"><FONT STYLE="font-size: 10pt">Risks
    Relating to the Combined Company&rsquo;s Business Following the Merger</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>31</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a009"><FONT STYLE="font-size: 10pt">Risks Relating to an Investment in Simmons Common Stock</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>33</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a010"><FONT STYLE="font-size: 10pt">Risks Relating to an Investment in Simmons Series D Preferred Stock</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>34</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a011"><FONT STYLE="font-size: 10pt">THE LANDRUM SPECIAL MEETING</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>35</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a012"><FONT STYLE="font-size: 10pt">Date, Time and Place of the Landrum Special Meeting </FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>35</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a013"><FONT STYLE="font-size: 10pt">Purpose of the Landrum Special Meeting</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>35</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a014"><FONT STYLE="font-size: 10pt">Recommendation of the Landrum Board of Directors </FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>35</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a015"><FONT STYLE="font-size: 10pt">Record Date and Quorum</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>35</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a016"><FONT STYLE="font-size: 10pt">Vote Required; Treatment of Abstentions and Failure to Vote</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>36</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a017"><FONT STYLE="font-size: 10pt">Shares Held by Directors and Executive Officers</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>36</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a018"><FONT STYLE="font-size: 10pt">Voting of Proxies; Incomplete Proxies</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>36</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a019"><FONT STYLE="font-size: 10pt">Shares Held in &ldquo;Street Name&rdquo;</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>37</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a020"><FONT STYLE="font-size: 10pt">Revocability of Proxies and Changes to a to a Landrum Class A Shareholder's Vote</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>37</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a021"><FONT STYLE="font-size: 10pt">Participants in the Landrum ESOP</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>38</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a022"><FONT STYLE="font-size: 10pt">Solicitation of Proxies</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>38</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a023"><FONT STYLE="font-size: 10pt">Attending the Landrum Special Meeting</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>38</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a024"><FONT STYLE="font-size: 10pt">Assistance</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>38</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a025"><FONT STYLE="font-size: 10pt">THE LANDRUM PROPOSALS</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>39</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a026"><FONT STYLE="font-size: 10pt">Proposal 1: Merger Proposal</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>39</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a027"><FONT STYLE="font-size: 10pt">Proposal 2: Adjournment Proposal</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>39</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a028"><FONT STYLE="font-size: 10pt">Other Matters to Come Before the Landrum Special Meeting</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">40</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a029"><FONT STYLE="font-size: 10pt">INFORMATION ABOUT THE COMPANIES</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>41</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a030"><FONT STYLE="font-size: 10pt">Simmons First National Corporation</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>41</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a031"><FONT STYLE="font-size: 10pt">The Landrum Company</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>41</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a032"><FONT STYLE="font-size: 10pt">THE
    MERGER</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>42</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a033"><FONT STYLE="font-size: 10pt">Terms
    of the Merger</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;42</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a034"><FONT STYLE="font-size: 10pt">Background
    of the Merger</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;42</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a035"><FONT STYLE="font-size: 10pt">Landrum's Reasons for the Merger and Recommendation of the Landrum Board of Directors</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;48</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a036"><FONT STYLE="font-size: 10pt">Opinion of Landrum's Financial Advisor</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;51</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a037"><FONT STYLE="font-size: 10pt">Certain Unaudited Prospective Financial Information</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;63</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a038"><FONT STYLE="font-size: 10pt">Simmons&rsquo;
    Reasons for the Merger</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">65</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a039"><FONT STYLE="font-size: 10pt">Management and Board of Directors of Simmons After the Merger</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;66</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a040"><FONT STYLE="font-size: 10pt">Interests of Landrum's Directors and Executive Officers in the Merger</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">66</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a041"><FONT STYLE="font-size: 10pt">Regulatory
    Approvals Required for the Merger</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;68</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a042"><FONT STYLE="font-size: 10pt">Accounting Treatment</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;68</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a043"><FONT STYLE="font-size: 10pt">Public Trading Markets</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;69</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a044"><FONT STYLE="font-size: 10pt">Appraisal and Dissenters&rsquo; Rights</FONT></A></td>
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;69</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->vii<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif; width: 95%"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a045">THE MERGER AGREEMENT</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif; width: 5%">72</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a046">Structure
    of the Merger</A></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">72</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a047">Treatment of Landrum Series E Preferred Stock</A></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">72</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a048">Treatment of the Landrum ESOP and Combined Benefits Plan</A></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">72</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a049">Surviving Corporation Governing Documents, Directors and Officers</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">73</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a050">Closing and Effective Time</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">73</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a051">Conversion of Shares; Exchange Procedures</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">73</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a052">Representations and Warranties</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">74</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a053">Covenants and Agreements</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">78</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a054">Agreement Not to Solicit Other Offers</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">84</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a055">Landrum Special Meeting and Recommendation of the Landrum Board of Directors</A></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">85</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a056">Conditions
    to Consummation of the Merger</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">87</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a057">Termination of the Merger Agreement</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">88</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a058">Effect of Termination</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">90</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a059">Termination Fee</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">90</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a060">Expenses and Fees</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">90</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a061">Amendments and Waivers</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">90</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 0.5in; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a062">Voting Agreements</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">91</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a063">MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES RELATING TO THE MERGER</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">92</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a064">DESCRIPTION OF NEW SIMMONS SERIES D PREFERRED STOCK</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">95</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a065">COMPARISON OF SHAREHOLDERS&rsquo; RIGHTS</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">100</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a066">COMPARISON OF SHAREHOLDERS' RIGHTS OF SIMMONS SERIES D AND LANDRUM SERIES E PREFERRED STOCK</A></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">114</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><A HREF="#i19395a067">SECURITY OWNERSHIP OF LANDRUM DIRECTORS, EXECUTIVE OFFICERS AND CERTAIN BENEFICIAL OWNERS OF LANDRUM</A></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">114</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a068">LEGAL MATTERS</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">116</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a069">EXPERTS</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">116</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a070">OTHER MATTERS</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">116</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a071">SIMMONS ANNUAL MEETING SHAREHOLDER PROPOSALS</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">116</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a072">LANDRUM ANNUAL MEETING SHAREHOLDER PROPOSALS</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">117</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#i19395a073">WHERE YOU CAN FIND MORE INFORMATION</A></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif">117</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><U></U></B></FONT></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->viii<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><U>Annex Index</U></B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 9%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 91%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font: 10pt Times New Roman, Times, Serif; text-indent: -12pt"><FONT STYLE="font-size: 10pt">Annex&nbsp;A:</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Agreement and Plan
    of Merger, dated as of July 30, 2019, by and between Simmons First National Corporation and The Landrum Company.</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font: 10pt Times New Roman, Times, Serif; text-indent: -12pt"><FONT STYLE="font-size: 10pt">Annex
    B:</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Form of Support
    and Non-Competition Agreement, by and among Simmons First National Corporation, The Landrum Company and certain directors
    and shareholders of The Landrum Company</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font: 10pt Times New Roman, Times, Serif; text-indent: -12pt"><FONT STYLE="font-size: 10pt">Annex
    C: </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Opinion of Keefe,
    Bruyette &amp; Woods, Inc.</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font: 10pt Times New Roman, Times, Serif; text-indent: -12pt"><FONT STYLE="font-size: 10pt">Annex
    D:</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Section 351.455
    of the Revised Statutes of Missouri: Dissenters&rsquo; Rights for Landrum</FONT></td></tr>
</table>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ix<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a001"></A>QUESTIONS
AND ANSWERS ABOUT THE PROPOSED MERGER AND THE LANDRUM SPECIAL MEETING</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.4in"><FONT STYLE="font-size: 10pt"><I>The
following are some questions that you may have regarding the merger and the Landrum special meeting of shareholders, or the Landrum
special meeting, and brief answers to those questions. We urge you to read carefully the remainder of this proxy statement/prospectus
because the information in this section does not provide all of the information that might be important to you with respect to
the merger and the Landrum special meeting. Additional important information is also contained in the documents incorporated by
reference into this proxy statement/prospectus. See the section entitled &ldquo;Where You Can Find More Information.&rdquo; Unless
the context otherwise requires, references in this proxy statement/prospectus to Simmons refer to Simmons First National Corporation
and its consolidated subsidiaries and references to Landrum refer to The Landrum Company and its consolidated subsidiaries, and
references to &ldquo;we,&rdquo; &ldquo;our&rdquo; and &ldquo;us&rdquo; refer to Simmons and Landrum together.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.4in"><FONT STYLE="font-size: 10pt"><I>As
described below, it is important to note that the amount of per share merger consideration may increase or decrease if the number
of fully diluted shares of Landrum common stock outstanding changes after the date hereof. As a result, the per share merger
consideration shown throughout this proxy statement/prospectus is for illustrative purposes only based on the assumptions described
herein.</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="width: 97%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What is the merger?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons and Landrum have entered into an
    Agreement and Plan of Merger, dated as of July 30, 2019, which we refer to as the merger agreement, pursuant to which, among
    other things, Landrum will merge with and into Simmons, with Simmons continuing as the surviving corporation, which we refer
    to as the merger. A copy of the merger agreement is attached as <U>Annex A</U> to this proxy statement/prospectus.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Why am I receiving this proxy statement/prospectus?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Landrum is sending
    these materials to the holders of Class A Common Voting Stock, $0.01 par value per share, of Landrum, or the Landrum Class
    A common stock, to help holders of Landrum Class A common stock, or Landrum Class A shareholders, decide how to vote their
    shares with respect to the matters to be considered at the Landrum special meeting. Landrum is also sending these materials
    to the holders of Class B Common Nonvoting Stock, $0.01 par value per share, of Landrum, or the Landrum Class B common stock,
    which with Landrum Class A common stock we collectively refer to as the Landrum common stock, which holders we refer to as
    the Landrum common shareholders. Finally, Landrum is sending these materials to holders of Landrum&rsquo;s Preferred Stock,
    no par value per share, Series E, or Landrum Series E preferred stock.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The merger cannot
    be completed unless the Landrum Class A shareholders approve the merger agreement and the transactions contemplated thereby,
    including the merger. The proposal to approve the merger agreement and the transactions contemplated thereby, including the
    merger, which we refer to as the merger proposal, requires the affirmative vote of holders of at least two-thirds of the outstanding
    shares of Landrum Class A common stock entitled to vote on the merger proposal. Landrum is holding a special meeting of Landrum
    Class A shareholders to vote on the proposals necessary to complete the merger as well as other related matters. Information
    about the Landrum special meeting, the merger and the other business to be considered by Landrum Class A shareholders at the
    Landrum special meeting is contained in this proxy statement/prospectus.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The holders of
    Landrum Class B common stock and Landrum Series E preferred stock are not entitled to vote on the merger proposal or adjournment
    proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 11; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 97%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">This document
    constitutes both a proxy statement of Landrum and a prospectus of Simmons. It is a proxy statement because the board of directors
    of Landrum, or the Landrum board of directors, is using this document to solicit proxies from the Landrum Class A shareholders.
    This document is also a prospectus because Simmons, in connection with the merger, is offering shares of Class A Common Stock,
    par value $0.01 per share, of Simmons, which we refer to as Simmons common stock, in exchange for outstanding shares of Landrum
    common stock, and Simmons&rsquo; Series D Preferred Stock, par value $0.01 per share, or Simmons Series D preferred stock,
    in exchange for outstanding shares of Landrum Series E preferred stock.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="width: 97%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What will Landrum common
    shareholders receive in the merger?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
    on the assumptions set forth below, at the time the merger is completed, which we refer to as the effective time, each share
    of Landrum common stock that is issued and outstanding immediately prior to the effective time, excluding certain specified
    shares, will be converted into the right to receive 25.5022 shares of Simmons common stock, which we refer to as the
    per share merger consideration, with cash paid in lieu of fractional shares. The per share merger consideration is based the
    assumption that 680,334 shares of Landrum common stock are issued and outstanding immediately prior to the effective
    time. In the aggregate, Simmons will issue 17,350,000 shares of Simmons common stock, which we refer to as the merger consideration,
    to the Landrum common shareholders upon completion of the merger.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simmons will not
    issue any fractional shares of Simmons common stock in the merger. Instead, a Landrum common shareholder who would otherwise
    be entitled to receive a fraction of a share of Simmons common stock will receive, in lieu thereof, an amount in cash, rounded
    up to the nearest cent (without interest), determined by multiplying (i) the fraction of a share (rounded to the nearest thousandth
    when expressed as a decimal form) of Simmons common stock that such Landrum common shareholder would otherwise be entitled
    to receive by (ii) the average of the daily closing prices of shares of Simmons common stock for the 20 consecutive full trading
    days on which shares are actually traded on the Nasdaq Global Select Market, or Nasdaq, ending at the close of trading on
    the tenth business day prior to the date on which the merger becomes effective, or the closing date, (or the immediately preceding
    day to the tenth business day prior to the closing date if shares of Simmons common stock are not actually traded on Nasdaq
    on such day), which we refer to as the determination date, and which average we refer to as the Simmons average closing price.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following
    completion of the merger, it is currently expected that former Landrum common shareholders as a group will own approximately
    15.2% of the combined company&rsquo;s common stock and existing Simmons shareholders as a group will own approximately
    84.8% of the combined company&rsquo;s common stock.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What will holders of Landrum Series
    E preferred stock receive in the merger?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Each share of Landrum Series E preferred
    stock issued and outstanding immediately prior to the effective time will be converted into the right to receive one share
    of Simmons Series D preferred stock, which we refer to as the preferred stock consideration. For more information on the Simmons
    Series D preferred stock, see the section entitled &ldquo;Description of New Simmons Series D Preferred Stock.&rdquo;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Will the value of the per share merger
    consideration change between the date of this proxy statement/prospectus and the effective time?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes.
    The amount of per share merger consideration may increase or decrease if the number of fully diluted shares of Landrum
    common stock outstanding changes after the date hereof. Any change in the market price of Simmons common stock prior to the
    completion of the merger will affect the market value of the per share merger consideration that Landrum common shareholders
    will receive upon completion of the merger.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 97%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Other than as
    described in this proxy statement/prospectus, there will be no adjustment to the merger consideration based upon changes in
    the market price of Simmons common stock prior to the time the merger is completed. The merger agreement cannot be terminated
    due to a change in the price of Simmons common stock, except if the Simmons average closing price is less than $18.48 and
    the difference between the percentage change in the Nasdaq Bank Index and the percentage change in the Simmons average closing
    price exceeds 20% over a designated measurement period, unless Simmons agrees to increase the merger consideration by a number
    of shares of Simmons common stock such that the total value of the merger consideration is not less than $320,628,000.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>When do you expect to complete
    the merger?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">We expect to complete the merger
    in the fourth quarter of 2019. However, we cannot assure you of when or if the merger will be completed. We must first obtain
    the approval of the Landrum Class A shareholders, as well as obtain necessary regulatory approvals and satisfy certain other
    closing conditions. For further information, please see the section entitled &ldquo;The Merger Agreement&mdash;Conditions
    to Consummation of the Merger.&rdquo;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What am I being asked to
    vote on?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 94%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Landrum
    Class A shareholders are being asked to vote on the following:</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">a proposal to
    approve the merger agreement, a copy of which is attached as <U>Annex A</U>, including the merger and all transactions contemplated
    therein, which we refer to as the merger proposal; and</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">a proposal to
    approve one or more adjournments of the Landrum special meeting, if necessary or appropriate, to solicit additional proxies
    in favor of approval of the merger proposal, which we refer to as the adjournment proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Landrum
    Class A shareholder approval of the merger proposal is required to complete the merger. Landrum will transact no other business
    at the Landrum special meeting, except for the business properly brought before the Landrum special meeting or any adjournment
    or postponement thereof.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>How does the Landrum board
    of directors recommend that Landrum Class A shareholders vote on the merger proposal and the adjournment proposal at the Landrum
    special meeting?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum board of directors
    has approved the merger agreement and recommends that Landrum Class A shareholders vote <B>&ldquo;FOR&rdquo;</B> the merger
    proposal and <B>&ldquo;FOR&rdquo;</B> the adjournment proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>When and where is the Landrum
    special meeting? </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum special meeting
    will be held on October 22, 2019, at 801 East Broadway, Columbia, MO 65201, at 10:00 A.M. Central Time.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What constitutes a quorum
    for the Landrum special meeting?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 94%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The presence at the Landrum
    special meeting, in person or by proxy, of a majority of the shares of Landrum Class A common stock outstanding and entitled
    to vote as of September 6, 2019, the record date for the Landrum special meeting, which we refer to as the Landrum
    record date, will constitute a quorum for the purposes of the Landrum special meeting. All shares of Landrum Class A common
    stock represented at the Landrum special meeting or represented by proxy, including abstentions, if any, will be treated as
    present for purposes of determining the presence or absence of a quorum for all matters voted on at the Landrum special meeting.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Who is entitled to vote?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 94%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Holders of record of Landrum
    Class A common stock at the close of business on September 6, 2019, which is the date that the Landrum board of directors
    has fixed as the Landrum record date, will be entitled to vote at the Landrum special meeting. The holders of Landrum Class
    B common stock and the Landrum Series E preferred stock do not have voting rights with respect to any of the proposals that
    will be considered at the Landrum special meeting and are, therefore, not entitled to vote at the Landrum special meeting,
    and should not submit a proxy with respect to the Landrum special meeting or otherwise attempt to vote with respect to their
    Landrum Class B common stock or Landrum Series E preferred stock.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What is the vote required
    to approve each proposal at the Landrum special meeting?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>Merger
    Proposal:</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>Standard: </I>Approval
    of the merger proposal requires the affirmative vote of holders of at least two-thirds of the outstanding shares of Landrum
    Class A common stock entitled to vote on the merger proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Effect
    of abstentions and broker non-votes:</I> If you are a Landrum Class A shareholder and mark &ldquo;ABSTAIN&rdquo; on your proxy,
    fail to either submit a proxy or vote at the Landrum special meeting, or are a &ldquo;street name&rdquo; holder
    and fail to instruct your bank, broker or other nominee how to vote, it will have the same effect as a vote against the merger
    proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>Adjournment
    Proposal:</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 94%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>Standard: </I>Approval
    of the adjournment proposal requires the affirmative vote of at least a majority of shares of Landrum Class A common stock
    present or represented by proxy at the Landrum special meeting and entitled to vote on the adjournment proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Effect
    of abstentions and broker non-votes:</I> If you are a Landrum Class A shareholder and mark &ldquo;ABSTAIN&rdquo; on your proxy,
    it will have the same effect as a vote against the adjournment proposal, and if you fail to either submit a proxy or
    vote at the Landrum special meeting, or are a &ldquo;street name&rdquo; holder and fail to instruct your bank, broker
    or other nominee how to vote, it will have no effect on such proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Are there any voting agreements
    with existing Landrum Class A shareholders? </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Yes. In connection with entering
    into the merger agreement, each of the directors of Landrum, in their capacities as individuals, have separately entered into
    support and non-competition agreements, which we refer to as the Landrum voting agreements, pursuant to which they agreed
    to vote their beneficially owned shares of Landrum Class A common stock in favor of the merger proposal and certain related
    matters and against alternative transactions. As of the Landrum record date, shares constituting approximately 14.15%
    of the Landrum Class A common stock entitled to vote at the Landrum special meeting are subject to Landrum voting agreements.
    For further information, please see the section entitled &ldquo;The Merger Agreement&mdash;Voting Agreements.&rdquo;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Why is my vote important?
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If you do not vote, it will
    be more difficult for Landrum to obtain the necessary quorum to hold the Landrum special meeting. Additionally, each proposal
    must be approved by the voting requirements described above. The Landrum board of directors recommends that Landrum Class
    A shareholders vote <B>&ldquo;FOR&rdquo;</B> the merger proposal and <B>&ldquo;FOR&rdquo;</B> the adjournment proposal</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>How many votes do I have?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 94%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Each holder of shares of Landrum
    Class A common stock outstanding on the Landrum record date will be entitled to one vote for each share held of record. As
    of the Landrum record date, there were 655,577 shares of Landrum Class A common stock outstanding and entitled to vote
    at the Landrum special meeting. As of the Landrum record date, the directors and executive officers of Landrum and their affiliates
    beneficially owned and were entitled to vote approximately 420,798 shares of Landrum Class A common stock, representing
    approximately 64.19% of the shares of Landrum Class A common stock outstanding on that date.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What do I need to do now?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">After
    carefully reading and considering the information contained in this proxy statement/prospectus, including any documents incorporated
    in this proxy statement/prospectus by reference, and its annexes, Landrum Class A shareholders should complete, sign, date
    and return the enclosed proxy and return it in the enclosed envelope as soon as possible so that your shares of Landrum
    Class A common stock will be represented at the Landrum special meeting.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Please
    follow the instructions set forth on the proxy or on the voting instruction form provided by the record holder if your
    shares are held in &ldquo;street name&rdquo; by a bank, broker or other nominee.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>How do I vote?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If
    you hold your shares of Landrum Class A common stock in your name as a shareholder of record, you may use one of the following
    methods to submit a proxy as a Landrum Class A shareholder:</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 94%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
    mail by completing, signing, dating and returning the proxy in the enclosed envelope, which requires no additional
    postage if mailed in the United States; or</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">in person at the
    Landrum special meeting.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
    your shares are held in &ldquo;street name&rdquo; by a bank, broker or other nominee, that institution will send you separate
    instructions describing the procedure for voting your shares. You may not vote shares held in &ldquo;street name&rdquo; by
    returning a proxy directly to Landrum or by voting at the Landrum special meeting unless you provide a &ldquo;legal
    proxy,&rdquo; which you must obtain from your bank, broker or other nominee.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>If my shares of Landrum
    Class A common stock are held in &ldquo;street name&rdquo; by my bank, broker or other nominee, will my bank, broker or other
    nominee automatically vote my shares for me? </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No.
    If your shares of Landrum Class A common stock are held in &ldquo;street name&rdquo; by a bank, broker or other nominee, you
    must provide the record holder of your shares with instructions on how to vote your shares. Please follow the voting instructions
    provided by your bank, broker or other nominee. Please note that you may not vote shares held in &ldquo;street name&rdquo;
    by returning a proxy directly to Landrum or by voting at the Landrum special meeting unless you provide a &ldquo;legal
    proxy,&rdquo; which you must obtain from your bank, broker or other nominee.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Banks,
    brokers and other nominees who hold shares of Landrum Class A common stock in &ldquo;street name&rdquo; for a beneficial owner
    of those shares typically have the authority to vote in their discretion on &ldquo;routine&rdquo; proposals when they have
    not received instructions from beneficial owners. However, banks, brokers and other nominees are not allowed to exercise voting
    discretion with respect to the approval of matters determined to be &ldquo;non-routine,&rdquo; without specific instructions
    from the beneficial owner. Landrum expects</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">that all proposals to be voted on at the Landrum special meeting will be &ldquo;non-routine&rdquo;
    matters. Broker non-votes are shares held by a bank, broker or other nominee with respect to which such entity is not instructed
    by the beneficial owner of such shares to vote on the particular proposal and the broker does not have discretionary voting
    power on such proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If
    you are a Landrum Class A shareholder and you do not instruct your bank, broker or other nominee on how to vote your shares:</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 94%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">your bank, broker
    or other nominee may not vote your shares on the merger proposal, which broker non-votes will have the same effect as a vote
    against such proposal;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">your bank, broker
    or other nominee may not vote your shares on the adjournment proposal, which broker non-votes will have no effect on such
    proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What if I abstain or do
    not vote? </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">For
    purposes of the Landrum special meeting, an abstention occurs when a Landrum Class A shareholder attends the Landrum special
    meeting, either in person or represented by proxy, but abstains from voting on one or more proposals.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
    Landrum Class A shareholders, with respect to the merger proposal, if you mark &ldquo;ABSTAIN&rdquo; on your proxy,
    fail to either submit a proxy or vote at the Landrum special meeting, or are a &ldquo;street name&rdquo; holder and
    fail to instruct your bank, broker or other nominee how to vote, it will have the same effect as a vote against the merger
    proposal. With respect to the adjournment proposal, if you mark &ldquo;ABSTAIN&rdquo; on your proxy, it will have the
    same effect as a vote against the adjournment proposal, and if you fail to either submit a proxy or vote at the Landrum
    special meeting, or are a &ldquo;street name&rdquo; holder and fail to instruct your bank, broker or other nominee how to
    vote, it will have no effect on such proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>I am a participant in The
    Landrum Company Employee Stock Ownership Plan and Trust, or the Landrum ESOP. How do I vote shares held in the Landrum ESOP?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
    are entitled to direct how the Landrum ESOP trustee votes the shares of Landrum Class A common stock allocated to you
    in the Landrum ESOP. Follow the voting procedures described in the section entitled &ldquo;The Landrum Special Meeting&mdash;Participants
    in the Landrum ESOP.&rdquo; If the Landrum ESOP trustee does not receive a timely voting direction from you, the Landrum ESOP
    provides that the Landrum ESOP trustee will vote the shares allocated to your ESOP account as directed by the Landrum ESOP
    administrator (the Landrum board of directors). It is the present intention of the Landrum ESOP administrator to direct the
    Landrum ESOP trustee to vote all such shares in favor of the merger proposal and adjournment proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 94%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Generally
    speaking, the Landrum ESOP trustee is required to vote as you have directed. However, if the Landrum ESOP trustee determines
    that voting as you have directed would be a breach of the Landrum ESOP trustee&rsquo;s fiduciary duties or otherwise constitute
    a breach of another provision of law, then the ESOP trustee would vote as the trustee determines the law requires.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>I participate in
    the Landrum Combined Benefits Plan. Do I get to vote or direct the voting of shares of Landrum allocated to my account?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">No. Under the governing documents
    of the Landrum Combined Benefits Plan, the trustee of the plan will be directed by the plan administrator as to how to
    vote, subject to the trustee acting in accordance with his or her fiduciary obligations under the plan and applicable
    law.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What will happen to the
    shares of Landrum common stock held by each of the Landrum ESOP and Landrum Combined Benefits Plan?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pursuant to the merger agreement,
    each share of Landrum common stock, including those held by the Landrum ESOP and the Landrum Combined Benefits Plan, will
    automatically be converted into the right to receive the per share merger consideration.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What will happen if I return
    my proxy without indicating how to vote? </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If any proxy is returned
    without indication as to how to vote, the shares of Landrum Class A common stock represented by the proxy will be voted
    in favor of both the merger proposal and the adjournment proposal.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>May I change my vote after
    I have delivered my proxy?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A:</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Yes.
    You may change your vote at any time before your proxy is voted at the Landrum special meeting. You may do so in one of three
    ways:</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 94%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
    completing, signing, dating and returning a proxy with a later date,</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">by delivering
    a written revocation letter to Landrum&rsquo;s corporate secretary, or</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">by voting in person
    at the Landrum special meeting.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If
    your shares are held in &ldquo;street name&rdquo; by a bank, broker or other nominee, you should follow the instructions of
    your bank, broker or other nominee regarding the revocation of voting instructions.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 97%"><FONT STYLE="font-size: 10pt"><B>Are Landrum shareholders entitled to
    dissenters&rsquo; rights?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum shareholders who do not vote in
    favor of the merger proposal and follow certain procedural steps will be entitled to dissenters&rsquo; rights under Section
    351.455 of the Missouri General Business Corporation Law, or MGBCL. For further information, see &ldquo;The Merger&mdash;Appraisal
    and Dissenters&rsquo; Rights.&rdquo; In addition, a copy of Section 351.455 of the MGBCL is attached as <U>Annex D</U> to
    this proxy statement/prospectus.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What are the material U.S. federal income
    tax consequences of the merger to Landrum shareholders?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The respective obligations of Simmons and
    Landrum to complete the merger are conditioned upon receiving a legal opinion from Covington &amp; Burling LLP, or Covington,
    to the effect the merger will qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Internal
    Revenue Code of 1986, or the Code. Neither Simmons nor Landrum currently intends to waive these conditions to the consummation
    of the merger. In the event that Simmons or Landrum waives the condition to receive such tax opinion and tax consequences
    of the merger materially change, then Landrum will recirculate appropriate soliciting materials and seek new approval of the
    merger from Landrum Class A shareholders.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If the merger qualifies as a reorganization
    within the meaning of Section 368(a) of the Code, for U.S. federal income tax purposes, a U.S. holder (as defined in &ldquo;Material
    U.S. Federal Income Tax Consequences Relating to the Merger&rdquo;) of Landrum common stock that exchanges its shares of Landrum
    common stock for Simmons common stock in the merger, except with respect to cash received in lieu of </FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 97%"><FONT STYLE="font-size: 10pt">fractional shares of
    Simmons common stock, generally will not recognize any gain or loss. A U.S. holder of Landrum Series E preferred stock that
    exchanges its Landrum Series E preferred stock for Simmons Series D preferred stock in the merger generally will not recognize
    gain or loss.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">For further information, see the section
    entitled &ldquo;Material U.S. Federal Income Tax Consequences Relating to the Merger.&rdquo;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>The U.S. federal income tax consequences
    described above may not apply to all Landrum shareholders. Your tax consequences will depend on your individual situation.
    Accordingly, we strongly urge you to consult your independent tax advisor for a full understanding of the particular tax consequences
    of the merger to you.</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>If I am a Landrum shareholder, should
    I send in my stock certificates now? </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">No. Landrum shareholders <B>SHOULD NOT
    </B>send in any Landrum common stock or Landrum Series E preferred stock certificates now. If the merger proposal is approved
    by Landrum Class A shareholders, transmittal materials with instructions for their completion will be provided to Landrum
    shareholders after the effective time and under separate cover and the stock certificates should be sent at that time.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Whom may I contact if I cannot locate
    my Landrum stock certificate(s)?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If you are unable to locate your original
    Landrum stock certificate(s), you should contact Lisa Evans, Landrum&rsquo;s Senior Vice President and Controller, at (573)
    441-2822.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>What should I do if I receive more than
    one set of voting materials? </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Class A shareholders may receive
    more than one set of voting materials, including multiple copies of this proxy statement/prospectus and multiple proxies
    or voting instruction forms. For example, if you hold shares of Landrum Class A common stock in more than one brokerage
    account, you will receive a separate voting instruction form for each brokerage account in which you hold such shares.
    If you are a Landrum Class A shareholder and your shares are registered in more than one name, you will receive more than
    one proxy. Please complete, sign, date and return each proxy and voting instruction form that you receive
    or otherwise follow the voting instructions set forth in this proxy statement/prospectus to ensure that you vote every share
    of Landrum Class A common stock that you own.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 97%"><FONT STYLE="font-size: 10pt"><B>What happens if I sell my shares of
    Landrum Class A common stock after the Landrum record date but before the Landrum special meeting? </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum record date is earlier than
    the date of the Landrum special meeting and the date that the merger is expected to be completed. If you transfer your shares
    of Landrum Class A common stock after the Landrum record date but before the date of the Landrum special meeting, you will
    retain your right to vote at such meeting (provided that such shares remain outstanding on the date of such meeting), but
    you will not have the right to receive any per share merger consideration for the transferred shares of Landrum Class A common
    stock. You will only be entitled to receive the per share merger consideration in respect of shares of Landrum Class A common
    stock that you hold at the effective time.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Are there risks involved in undertaking
    the merger? </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Yes. You should read and carefully consider
    the risk factors set forth in the section entitled &ldquo;Risk Factors&rdquo; beginning on page 27.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 97%"><FONT STYLE="font-size: 10pt"><B>What happens if the merger is not completed?
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If the merger is not completed, Landrum
    common shareholders will not receive the per share merger consideration and holders of Landrum Series E preferred stock will
    not receive the preferred stock consideration. Instead, each of Landrum and Simmons will remain an independent company and
    shares of Simmons common stock will continue to be traded on Nasdaq.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Whom should I contact if I have questions?
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If you need assistance in completing your
    proxy, have questions regarding the Landrum special meeting, or would like additional copies of this proxy statement/prospectus,
    please contact Lisa Evans, Landrum&rsquo;s Senior Vice President and Controller, at (573) 441-2822.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Q:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Where can I find more information about
    Simmons and Landrum?</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">A:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">You can find more information about Simmons
    and Landrum from the various sources described under the section entitled &ldquo;Where You Can Find More Information.&rdquo;</FONT></TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><BR CLEAR="ALL">
</FONT></P>

<!-- Field: Page; Sequence: 19; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a002"></A>SUMMARY</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>The
following summary highlights selected information in this proxy statement/prospectus and may not contain all the information that
may be important to you. You should read carefully this entire proxy statement/prospectus, including any document incorporated
by reference in this proxy statement/prospectus, and its annexes, because this section may not contain all of the information
that may be important to you in determining how to vote. For a description of, and instructions as to how to obtain, this information,
see the section entitled &ldquo;Where You Can Find More Information.&rdquo; Each item in this summary refers to the page of this
proxy statement/prospectus on which that subject is discussed in more detail. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The Companies (page 41) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Simmons First National Corporation
</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">501 Main Street</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Pine Bluff, Arkansas 71601</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt">Telephone: (870) 541-1000</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons is a
financial holding company registered under the Bank Holding Company Act of 1956, as amended, or the BHC Act. Simmons is headquartered
in Arkansas and as of June 30, 2019, had, on a consolidated basis, total assets of&thinsp; $17.9 billion, total net loans of&thinsp;
$13.1 billion, total deposits of&thinsp; $13.5 billion and total shareholders&rsquo; equity of&thinsp; $2.5 billion. Simmons conducts
its banking operations through its subsidiary bank, Simmons Bank, in 212 branches or financial centers located in communities
in Arkansas, Colorado, Illinois, Kansas, Missouri, Oklahoma, Tennessee and Texas. Simmons common stock is traded on the Nasdaq
Global Select Market, or Nasdaq, under the symbol &ldquo;SFNC.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Additional information
about Simmons and its subsidiaries is included in documents incorporated by reference in this proxy statement/prospectus. See
the section entitled &ldquo;Where You Can Find More Information.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>The Landrum Company </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">801 East Broadway</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Columbia, MO 65201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt">Telephone:(573) 499-7363</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
is a bank holding company registered under the BHC Act. Landrum was incorporated in Missouri in 1994 to serve as the bank holding
company for Landmark Bank. Landmark Bank, a Missouri chartered bank headquartered in Columbia, Missouri, currently operates from
43 office locations (including 39 full service branches and 4 loan production offices) in 30 communities in Missouri, Oklahoma,
and Texas. As of June 30, 2019, Landmark Bank had total assets of $3.3 billion, total net loans of $2.0 billion, total deposits
of $3.0 billion, and total shareholders&rsquo; equity of $285 million. Landrum does not have a class of securities registered
under Section 12 of the Exchange Act, is not subject to the reporting requirements of Section 13(a) or 15(d) of the Exchange Act,
and, accordingly, does not file documents or reports with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The Merger (page 42) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The terms and
conditions of the merger are contained in the merger agreement, which is attached to this proxy statement/prospectus as <U>Annex
A</U>. We urge you to read the merger agreement carefully and in its entirety, as it is the legal document governing the merger.
All descriptions in this summary and elsewhere in this proxy statement/prospectus of the terms and conditions of the merger are
subject to, and qualified in their entirety by reference to, the merger agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Under the terms
and subject to the conditions of the merger agreement, among other things, Landrum will merge with and into Simmons, with Simmons
continuing as the surviving corporation in the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Based on
the assumptions set forth below, at the effective time, each share of Landrum common stock that is issued and outstanding immediately
prior to the effective time, excluding certain specified shares, will be converted into the right to receive 25.5022 shares
of Simmons common stock with cash paid in lieu of fractional shares. In addition, each share of Landrum Series E preferred stock
that is issued and outstanding immediately prior to the effective time will be converted into the right to receive one share of
Simmons Series D preferred stock. The per share merger consideration is based on the assumption that 680,334 shares of
Landrum common stock are issued and outstanding immediately prior to the effective time. In the aggregate, Simmons will issue
17,350,000 shares of Simmons common stock to the Landrum common shareholders upon completion of the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons will
not issue any fractional shares of Simmons common stock in the merger. Instead, a Landrum common shareholder who would otherwise
be entitled to receive a fraction of a share of Simmons common stock will receive, in lieu thereof, an amount in cash, rounded
up to the nearest cent (without interest), determined by multiplying (i) the fraction of a share (rounded to the nearest thousandth
when expressed as a decimal form) of Simmons common stock that such Landrum common shareholder would otherwise be entitled to
receive by (ii) the Simmons average closing price.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The market
value of the per share merger consideration will fluctuate with the price of Simmons common stock, and at the time of the Landrum
special meeting, Landrum common shareholders will not know or be able to calculate the value of the per share merger consideration
to be received upon completion of the merger. Based on the closing sale price of Simmons common stock on July 30, 2019, the last
trading day before the public announcement of the signing of the merger agreement, the implied value of the per share merger consideration
payable for each share of Landrum common stock was $657.70. Based upon the closing sale price of Simmons common stock of $24.43
on September 9, 2019, the last practicable trading day prior to printing this proxy statement/prospectus, the implied value of
the per share merger consideration payable for each share of Landrum common stock was $623.02, in each case using the same assumptions
described above other than the Simmons average closing price, which is assumed to be the closing sales price of Simmons common
stock set forth above as of such date. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Treatment of Landrum Series
E Preferred Stock (page 72) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At the effective
time, holders of Landrum Series E preferred stock will receive for each share of Landrum Series E preferred stock that is issued
and outstanding immediately prior to the effective time, one share of Simmons Series D preferred stock, which will have such rights,
preferences, privileges, and voting powers, and limitations and restrictions thereof, which, taken as a whole, are not materially
less favorable to the holders of Landrum Series E preferred stock than those that are in effect for Landrum Series E preferred
stock immediately prior to the effective time, taken as a whole. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Landrum&rsquo;s Reasons
for the Merger and Recommendation of the Landrum Board of Directors (page 48) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Landrum board
of directors has approved the merger agreement and recommends that Landrum Class A shareholders vote <B>&ldquo;FOR&rdquo;</B>
the merger proposal and <B>&ldquo;FOR&rdquo;</B> the adjournment proposal. Please see the section entitled &ldquo;The Merger&mdash;Landrum&rsquo;s
Reasons for the Merger and Recommendation of the Landrum Board of Directors&rdquo; for a more detailed discussion of the factors
considered by the Landrum board of directors in reaching its decision to approve the merger agreement and the transactions contemplated
thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I>Opinion of Landrum&rsquo;s
Financial Advisor (page 51) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In connection
with the merger, Landrum&rsquo;s financial advisor, Keefe, Bruyette &amp; Woods, Inc., which we refer to as KBW, delivered a written
opinion, dated July 30, 2019, to the Landrum board of directors as to the fairness, from a financial point of view and as of the
date of the opinion, to the holders of Landrum common stock of the exchange ratio (as defined in the opinion and as described
in &ldquo;The Merger&mdash;Opinion of Landrum&rsquo;s Financial Advisor&rdquo;) in the proposed merger. The full text of the
opinion, which describes the procedures followed, assumptions made, matters considered, and qualifications and limitations on
the review undertaken by KBW in preparing the opinion, is attached as Annex C to this proxy statement/prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<!-- Field: Page; Sequence: 21; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>The
opinion was for the information of, and was directed to, the Landrum board of directors (in its capacity as such) in connection
with its consideration of the financial terms of the merger. The opinion does not address the underlying business decision of
Landrum to engage in the merger or enter into the merger agreement or constitute a recommendation to the Landrum board of directors
in connection with the merger, and it does not constitute a recommendation to any holder of Landrum common stock or any shareholder
of any other entity as to how to vote in connection with the merger or any other matter.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For a description
of KBW&rsquo;s opinion, please refer to the section entitled &ldquo;The Merger&mdash;Opinion of Landrum&rsquo;s Financial Advisor.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Simmons&rsquo; Reasons
for the Merger (page 65) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Simmons board
of directors approved the merger agreement. Please see the section entitled &ldquo;The Merger&mdash;Simmons&rsquo; Reasons for
the Merger&rdquo; for a more detailed discussion of the factors considered by the Simmons board of directors in reaching its decision
to approve the merger agreement, including the merger and all transactions contemplated therein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The Landrum Special Meeting
(page 35) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Landrum
special meeting will be held on October 22, 2019, at 801 East Broadway, Columbia, MO 65201, at 10:00 A.M. Central
Time. At the Landrum special meeting, Landrum Class A shareholders will be asked to consider and vote on the merger proposal and
the adjournment proposal, if necessary or appropriate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum has
set the close of business on September 6, 2019 as the Landrum record date to determine which Landrum Class A shareholders
will be entitled to receive notice of and vote at the Landrum special meeting. Each holder of shares of Landrum Class A common
stock outstanding on the Landrum record date will be entitled to one vote for each share held of record. As of the Landrum record
date, there were 655,577 shares of Landrum Class A common stock outstanding and entitled to vote at the Landrum special
meeting. As of the Landrum record date, the directors and executive officers of Landrum and their affiliates beneficially owned
and were entitled to vote approximately 420,798 shares of Landrum Class A common stock, representing approximately 64.19%
of the shares of Landrum Class A common stock outstanding on that date and approximately 61.85% of the shares of Landrum
common stock. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Approval of the
merger proposal requires the affirmative vote of holders of at least two-thirds of the outstanding shares of Landrum Class A common
stock entitled to vote on the merger proposal. Approval of the adjournment proposal requires the affirmative vote of holders of
a at least a majority of the shares of Landrum Class A common stock present or represented by proxy at the Landrum special meeting
and entitled to vote on the adjournment proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">With respect
to the merger proposal, if you mark &ldquo;ABSTAIN&rdquo; on your proxy, fail to either submit a proxy or vote at
the Landrum special meeting, or are a &ldquo;street name&rdquo; holder and fail to instruct your bank, broker or other nominee
how to vote, it will have the same effect as a vote against the merger proposal. With respect to the adjournment proposal, if
you mark &ldquo;ABSTAIN&rdquo; on your proxy, it will have the same effect as a vote against the adjournment proposal,
and if you fail to either submit a proxy or vote at the Landrum special meeting, or are a &ldquo;street name&rdquo; holder
and fail to instruct your bank, broker or other nominee how to vote, it will have no effect on such proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Interests of Landrum&rsquo;s
Directors and Executive Officers in the Merger (page 66) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In considering
the recommendation of the Landrum board of directors, Landrum shareholders should be aware that some of Landrum&rsquo;s executive
officers and directors have interests in the merger, which may be considered to be different from, or in addition to, the interests
of the Landrum shareholders generally. The Landrum board of directors was aware of these interests and considered them, among
other matters, in reaching </FONT></P>

<!-- Field: Page; Sequence: 22; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">its decision to approve the merger agreement, the merger and the other transactions contemplated by
the merger agreement and to recommend that Landrum Class A shareholders vote <B>&ldquo;FOR&rdquo; </B>the merger proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">These interests
are described in more detail under the section entitled &ldquo;The Merger&mdash;Interests of Landrum&rsquo;s Directors and Executive
Officers in the Merger.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Surviving Corporation Governing
Documents, Directors and Officers (page 73) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At the effective
time, the amended and restated articles of incorporation of Simmons, as amended, which we refer to as the Simmons charter and
the amended bylaws of Simmons, which we refer to as the Simmons bylaws, in effect immediately prior to the effective time will
be the articles of incorporation and bylaws of the surviving corporation, until the same are duly amended or repealed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The directors
and officers of Simmons immediately prior to the effective time will serve as the directors and officers of the surviving corporation
from and after the effective time in accordance with the bylaws of the surviving corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I>Regulatory Approvals
Required for the Merger (page 68) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The completion
of the merger is subject to prior receipt of certain approvals and consents required to be obtained from applicable governmental
and regulatory authorities. These approvals include approvals from, among others, the Board of Governors of the Federal Reserve
System, or the Federal Reserve. Simmons and Landrum have filed all necessary applications and notifications to obtain the required
regulatory permits and consents. Although neither Simmons nor Landrum knows of any reason why the parties cannot obtain regulatory
approvals required to consummate the merger in a timely manner, Simmons and Landrum cannot be certain of when or if such approvals
will be obtained.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I>Accounting Treatment
(page 68) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
will be accounted for as an acquisition by Simmons using the acquisition method of accounting in accordance with FASB ASC Topic
805, &ldquo;Business Combinations.&rdquo; The result of this is that (1) the recorded assets and liabilities of Simmons will be
carried forward at their recorded amounts, (2) Simmons historical operating results will be unchanged for the prior periods being
reported on, and (3) the assets and liabilities of Landrum will be adjusted to fair value at the date Simmons assumes control
of the combined entity, or the merger date. In addition, all identifiable intangibles will be recorded at fair value and included
as part of the net assets acquired. The amount by which the purchase price, consisting of the value of shares of Simmons stock
to be issued to former Landrum shareholders, exceeds the fair value of the net assets including identifiable intangibles of Landrum
at the merger date will be reported as goodwill. In accordance with current accounting guidance, goodwill is not amortized and
will be evaluated for impairment at least annually. Identified intangibles will be amortized over their estimated lives. Further,
the acquisition method of accounting results in the operating results of Landrum being included in the operating results of Simmons
from the closing date going forward.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I>Public Trading Market
(page 69) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
common stock is listed on Nasdaq under the symbol &ldquo;SFNC.&rdquo; The Simmons common stock issuable in the merger will be
listed on Nasdaq.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I>Appraisal and Dissenters&rsquo;
Rights (page 69) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
shareholders who do not vote in favor of the merger proposal and follow certain procedural steps will be entitled to dissenters&rsquo;
rights under Section 351.455 of the MGBCL. These procedural steps include, </FONT></P>

<!-- Field: Page; Sequence: 23; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt">among others: (1) owning Landrum common stock as of
the close of business on the Landrum record date, (2) delivering to Landrum prior to or at the Landrum special meeting a written
objection to the merger, (3) not voting his or her shares in favor of approval of the merger proposal and (4) timely filing a
written demand after the effective time for payment of the fair value of his or her shares as of the day before the shareholder
vote to approve the merger. For more information, see &ldquo;The Merger&mdash;Appraisal and Dissenters&rsquo; Rights.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Agreement Not to Solicit
Other Offers (page 84) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
has agreed that it and its subsidiaries will not, and will cause their respective representatives not to, directly or indirectly:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 27px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">solicit, initiate, encourage
    (including by providing information or assistance), facilitate or induce any acquisition proposal (as defined in &ldquo;The
    Merger Agreement&mdash;Agreement Not to Solicit Other Offers&rdquo;);</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">engage or participate in any discussions
    or negotiations regarding, or furnish or cause to be furnished to any person any information or data in connection with, or
    take any other action to facilitate any inquiries or the making of any offer or proposal that constitutes, or may reasonably
    be expected to lead to, an acquisition proposal;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">adopt, approve, agree to, accept, endorse
    or recommend any acquisition proposal; or</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">approve, agree to, accept, endorse or recommend,
    or propose to approve, agree to, accept, endorse or recommend any acquisition agreement (as defined in &ldquo;The Merger Agreement&mdash;Agreement
    Not to Solicit Other Offers&rdquo;) contemplating or otherwise relating to any acquisition transaction (as defined in &ldquo;The
    Merger Agreement&mdash;Agreement Not to Solicit Other Offers&rdquo;).</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Landrum Special Meeting
and Recommendation of the Landrum Board of Directors (page 85) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum has agreed
to hold a meeting of its shareholders as promptly as reasonably practicable after the registration statement of which this proxy
statement/prospectus is a part is declared effective by the SEC for the purpose of obtaining the requisite Landrum Class A shareholder
approval of the merger agreement, which we refer to as the Landrum shareholder approval.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Landrum board of directors has agreed to recommend to the Landrum Class A shareholders the approval of the merger proposal, to
include such recommendation in this proxy statement/prospectus and to use its reasonable best efforts to obtain the Landrum shareholder
approval. The Landrum board of directors and any committee thereof agreed to not (a) withhold, withdraw, qualify or modify such
recommendation in any manner adverse to Simmons, (b) fail to make the such recommendation or otherwise submit the merger proposal
to the Landrum shareholders without such recommendation, (c) adopt, approve, agree to, accept, recommend or endorse an acquisition
proposal, (d) fail to publicly and without qualification (i) recommend against any acquisition proposal or (ii) reaffirm the recommendation
of the merger proposal within ten business days (or such fewer number of days remaining prior to the Landrum special meeting)
after an acquisition proposal is made public or any request by Simmons to do so, (e) take any action or make any public statement,
filing or release inconsistent with such recommendation or (f) publicly propose to do any of the foregoing, which we refer to
as a change in recommendation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">However,
at any time prior to the Landrum special meeting, the Landrum board of directors may submit the merger agreement without recommendation,
if Landrum has received a superior proposal (as defined in &ldquo;The Merger Agreement&mdash;Landrum Special Meeting and Recommendation
of the Landrum Board of Directors&rdquo;) (after giving effect to any revised offer from Simmons) and the Landrum board of directors
has determined in good faith, after consultation with its outside legal counsel, that it would be a violation of the directors&rsquo;
fiduciary duties under applicable law to make or continue to make the recommendation to approve the merger proposal, in </FONT></P>

<!-- Field: Page; Sequence: 24; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt">which
event, the board of directors of Landrum may communicate the basis for its lack of such recommendation; provided, that the Landrum
board of directors may not take such actions unless:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum has complied
    in all material respects with its non-solicit obligations described above;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum gives Simmons
    at least five business days&rsquo; notice of its intention to make a change in recommendation and a reasonable description
    of the events or circumstances giving rise to its determination to take such action;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">during such five
    business day period, Landrum has, and has caused its financial advisors and outside legal counsel to, consider and negotiate
    with Simmons in good faith (to the extent Simmons desires to so negotiate) regarding any proposals, adjustments or modifications
    to the terms and conditions of the merger agreement proposed by Simmons; and</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the Landrum board
    of directors has determined in good faith, after consultation with its outside legal counsel and considering the results of
    such negotiations described above and giving effect to any proposals, amendments or modifications proposed by Simmons that
    such superior proposal remains a superior proposal and that it would nevertheless be a violation of the directors&rsquo; fiduciary
    duties under applicable law to make or continue to make the recommendation to approve the merger proposal.</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Any material
amendment to any acquisition proposal will require a new determination and notice period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Conditions to Consummation
of the Merger (page 87) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The respective
obligations of each party to consummate the merger and the other transactions contemplated by the merger agreement are subject
to the satisfaction or waiver at or prior to the effective time of the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 7%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 4%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="width: 89%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the approval
    of the merger proposal by the Landrum Class A shareholders;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the receipt of all
    required regulatory permits or consents from the Federal Reserve, the Missouri Division of Finance, or the MDF, and the Arkansas
    State Banking Department, or the ASBD, the Federal Deposit Insurance Corporation, or the FDIC, and any other regulatory authority
    and any other regulatory permits or consents contemplated by the merger agreement, the failure of which to obtain would reasonably
    be expected to have, either individually or in the aggregate, a material adverse effect on Simmons and Landrum (considered
    as a consolidated entity), in each case required to consummate the transactions contemplated by the merger agreement, including
    the merger, and expiration of all related statutory waiting periods, which we refer to as the requisite regulatory approvals,
    without the imposition of a burdensome condition (as defined in &ldquo;The Merger Agreement&mdash;Covenants and Agreements&mdash;Regulatory
    Matters&rdquo;) as determined by Simmons in its sole discretion;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of any
    law or order (whether temporary, preliminary or permanent) by any court or regulatory authority of competent jurisdiction
    prohibiting, restricting or making illegal the consummation of the transactions contemplated by the merger agreement (including
    the merger)&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the effectiveness
    of the registration statement of which this proxy statement/prospectus is a part under the Securities Act of 1933, as amended,
    or the Securities Act, and there being no stop order, action, suit, proceeding or investigation by the SEC to suspend the
    effectiveness of the registration statement initiated and continuing&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the approval of the
    listing on Nasdaq of the Simmons common stock to be issued pursuant to the merger, subject to official notice of issuance
    (if such approval is required by Nasdaq);</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 25; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 89%"><FONT STYLE="font-size: 10pt">the receipt by each
    party of a written opinion of Covington in form reasonably satisfactory to such parties to the effect that the merger will
    qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Internal Revenue Code, or the Code;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the accuracy of the
    representations and warranties of the other party in the merger agreement as of the date of the merger agreement and as of
    the effective time, subject to the materiality standards provided in the merger agreement;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the performance by
    the other party in all material respects of all agreements and covenants of such party required to be performed or complied
    with pursuant to the merger agreement and other agreements contemplated by the merger agreement prior to the effective time;
    and</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the receipt of (1)
    a certificate from the other party to the effect that the two conditions described immediately above have been satisfied and
    (2) certified copies of resolutions duly adopted by the other party&rsquo;s board of directors and shareholders evidencing
    the taking of all corporate action necessary to authorize the execution, delivery and performance of the merger agreement,
    and the consummation of the transactions contemplated thereby, all in such reasonable detail as the other party and its counsel
    may request.</FONT></td></tr>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In addition,
Simmons&rsquo; obligation to consummate the merger and the other transactions contemplated by the merger agreement is subject
to the satisfaction or waiver at or prior to the effective time of the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">delivery of a certificate
    stating that Landrum common stock is not, and has not been during the applicable period specified in Section 897(c)(1)(A)(ii)
    of the Code, a &ldquo;United States real property interest&rdquo; within the meaning of the Code, or a FIRPTA certificate,
    by Landrum to Simmons; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">as reflected in Landrum&rsquo;s
    closing financial statements, (1) Landmark Bank having a ratio of non-performing assets to total assets not in excess of 0.65%,
    (2) Landmark Bank having a ratio of classified assets to Tier 1 capital plus ALLL not in excess of 15.75%, (3) classified
    assets not in excess 137.5% of the aggregate balance of classified assets as set forth in Landrum&rsquo;s financial statements
    as of and for the quarter ended March 31, 2019, and (4) a ratio of delinquent loans to total loans not in excess of 0.60%,
    which condition we refer to as the asset quality condition; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">holders of not more
    than five percent of the outstanding shares of Landrum common stock having demanded, properly and in writing, appraisal for
    such shares under the MGBCL;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">as reflected in Landrum&rsquo;s
    closing financial statements, (1) Landmark Bank being &ldquo;well capitalized&rdquo; as defined under applicable law, (2)
    Landrum having a Tier 1 leverage ratio of not less than 8.07%, (3) Landrum having a Tier 1 risked-based capital ratio of not
    less than 11.60%, (4) Landrum having a total risked-based capital ratio of not less than 12.71%, and (5) Landmark Bank having
    not received any notification from the MDF or FDIC to the effect that the capital of Landmark Bank is insufficient to permit
    Landmark Bank to engage in all aspects of its business and its currently proposed businesses without material restrictions,
    including the imposition of a burdensome condition, which condition we refer to as the regulatory capital condition;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum having delivered
    evidence satisfactory to Simmons in its discretion that certain contracts have been terminated;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The financial advisor
    for the Landrum ESOP, having issued the updated Landrum ESOP fairness opinion dated on or about the closing date, and the
    Landrum ESOP trustee having delivered the Landrum ESOP </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 26; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">fairness opinion to Simmons, dated on or about the closing date, stating
    that the Landrum ESOP trustee has made the determination that the consummation of the transactions contemplated by the merger
    agreement is prudent, is in the best interest of the participants and beneficiaries of the Landrum ESOP for the exclusive
    purpose of providing benefits to the participants and beneficiaries of the Landrum ESOP, and does not constitute a &ldquo;prohibited
    transaction&rdquo; under the Employee Retirement Income Security Act of 1974, as amended, or ERISA or otherwise violate ERISA;
    and</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum (a) having
    no outstanding indebtedness under the credit agreement between Landrum and Enterprise Bank &amp; Trust, dated June 23, 2011,
    as amended from time to time, which we refer to as the Enterprise Credit agreement or any other contracts (including loans)
    associated therewith, (b) having terminated or otherwise canceled the Enterprise Credit Agreement and any other contracts
    (including loans) associated therewith, and (c) having no liabilities arising under or associated with the Enterprise Credit
    Agreement or any other contracts associated therewith. </FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">We cannot be
certain of when, or if, the conditions to the merger will be satisfied or waived, or that the merger will be completed in the
fourth quarter of 2019 or at all. As of the date of this proxy statement/prospectus, we have no reason to believe that any of
these conditions will not be satisfied.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Termination of the Merger
Agreement (page 88) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
agreement may be terminated and the merger abandoned at any time prior to the effective time (notwithstanding the approval of
the merger agreement by Landrum Class A shareholders) by mutual written agreement, or by either party in the following circumstances:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">any regulatory authority
    denies a requisite regulatory approval, or any law or order permanently restraining, enjoining or otherwise prohibiting the
    consummation of the transactions contemplated by the merger agreement becomes final and nonappealable, so long as the party
    seeking to terminate the merger agreement has used its reasonable best efforts to contest, appeal and change or remove such
    denial, law or order;</FONT></td></tr>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;the Landrum
    Class A shareholders fail to vote their approval of the merger proposal, which we refer to as a no-vote termination&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the merger has not
    been consummated by December 31, 2019 (or February 28, 2020 if all requisite regulatory approvals have not been obtained by
    November 29, 2019), which we refer to as the outside date, if the failure to consummate the transactions contemplated by the
    merger agreement on or before such date is not caused by the terminating party&rsquo;s breach of the merger agreement, which
    we refer to as an outside date termination&#894; or</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">if there was a breach
    of any of the covenants or agreements or any of the representations or warranties (or any such representation or warranty
    ceases to be true) set forth in the merger agreement on the part of Landrum, in the case of a termination by Simmons, or Simmons,
    in the case of a termination by Landrum, which breach or failure to be true, either individually or in the aggregate with
    all other breaches by such party (or failures of such representations or warranties to be true), would constitute, if occurring
    or continuing on the closing date, the failure of a Simmons or Landrum condition to closing, respectively, and is not cured
    within 30 days following written notice or by its nature or timing cannot be cured during such period (or such fewer days
    as remain prior to the outside date); provided, that the terminating party is not then in material breach of any representation,
    warranty, covenant or other agreement contained in the merger agreement, which we refer to as a breach termination.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 27; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In addition,
Simmons may terminate the merger agreement if:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the Landrum board
    of directors fails to recommend that the Landrum Class A shareholders approve the merger proposal, effects a change in recommendation,
    breaches its non-solicitation obligations with respect to acquisition proposals in any respect adverse to Simmons or fails
    to call, give notice of, convene and/or hold the Landrum special meeting in accordance with the merger agreement, which, collectively,
    we refer to as a Landrum board breach termination;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">if any regulatory
    authority grants a requisite regulatory approval but such requisite regulatory approval contains, results or would reasonably
    be expected to result in, the imposition of a burdensome condition; or</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">if any regulatory
    authority requests that Simmons, Landrum or any of their respective affiliates withdraw (other than for technical reasons),
    and not be permitted to resubmit within 60 days, any application with respect to a requisite regulatory approval.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In addition,
Landrum may terminate the merger agreement if:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the Landrum board
    of directors determines by a vote of at least two-thirds of the members of the entire Landrum board of directors, at any time
    during the five-day period commencing with the determination date, (i) the Simmons average closing price is less than $18.48
    and (ii) the difference between the percentage change in the Nasdaq Bank Index and the percentage change in the Simmons average
    closing price exceeds 20%, which termination right we refer to as a stock decline termination right. If Landrum elects to
    terminate the merger agreement pursuant to its stock decline termination right, it will give written notice to Simmons, and
    Simmons will have the option, in its sole and absolute discretion, within five days of the receipt of such notice of termination
    to increase the merger consideration by a number of shares of Simmons common stock so the total value of the merger consideration
    is not less than $320,628,000. If Simmons so elects within such five-day period and notifies Landrum promptly of such election,
    then the merger agreement will remain in effect in accordance with its terms (except the merger consideration will be so modified).</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B><I>Termination Fee (page 90) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
will pay Simmons a $15,000,000 termination fee if:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1) either Landrum
    or Simmons effects an outside date termination or a no-vote termination, or (2) Simmons effects a breach termination and,
    in each case, within 12 months of such termination, Landrum consummates an acquisition transaction or enters into an acquisition
    agreement with respect to an acquisition transaction, whether or not such acquisition transaction is subsequently consummated;
    or </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons effects a
    Landrum board breach termination.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If Landrum fails
to pay any termination fee payable when due, then Landrum must pay to Simmons its costs and expenses (including attorneys&rsquo;
fees) in connection with collecting such fee, together with interest on the amount of such fee at the prime rate of Citibank,
N.A. from the date such payment was due under the merger agreement until the date of payment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Voting Agreements (page
91) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In connection
with entering into the merger agreement, each of the directors of Landrum, in their capacities as individuals, have separately
entered into a Landrum voting agreement, pursuant to which they agreed to vote their beneficially owned shares of Landrum Class
A common stock in favor of the merger proposal and </FONT></P>

<!-- Field: Page; Sequence: 28; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">certain related matters and against alternative transactions. As of the Landrum
record date, shares constituting approximately 14.15% of the Landrum Class A common stock entitled to vote at the Landrum
special meeting are subject to Landrum voting agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Material U.S. Federal Income
Tax Consequences Relating to the Merger (page 92) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The respective
obligations of Simmons and Landrum to complete the merger are conditioned upon receiving a legal opinion from Covington &amp;
Burling LLP, or Covington, to the effect the merger will qualify as a &ldquo;reorganization&rdquo; within the meaning of Section
368(a) of the Code. Neither Simmons nor Landrum currently intends to waive these conditions to the consummation of the merger.
In the event that Simmons or Landrum waives the condition to receive such tax opinion and tax consequences of the merger materially
change, then Landrum will recirculate appropriate soliciting materials and seek new approval of the merger from Landrum Class
A shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If the merger
qualifies as a reorganization within the meaning of Section 368(a) of the Code, for U.S. federal income tax purposes, a U.S. holder
(as defined in &ldquo;Material U.S. Federal Income Tax Consequences Relating to the Merger&rdquo;) of Landrum common stock that
exchanges its shares of Landrum common stock for Simmons common stock in the merger, except with respect to cash received in lieu
of fractional shares of Simmons common stock, generally will not recognize any gain or loss. A U.S. holder of Landrum Series E
preferred stock that exchanges its Landrum Series E preferred stock for Simmons Series D preferred stock in the merger generally
will not recognize gain or loss.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>The U.S.
federal income tax consequences described above may not apply to all Landrum shareholders. Your tax consequences will depend on
your individual situation. Accordingly, we strongly urge you to consult your independent tax advisor for a full understanding
of the particular tax consequences of the merger to you.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Comparison of Shareholders&rsquo;
Rights (pages 100 and 113) </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Upon completion
of the merger, the rights of former Landrum shareholders will be governed by the Simmons charter and the Simmons bylaws. Simmons
is organized under Arkansas law, while Landrum is organized under Missouri law. The rights associated with Landrum common stock
are different from the rights associated with Simmons common stock. Please see the section entitled &ldquo;Comparison of Shareholders&rsquo;
Rights&rdquo; for a discussion of the different rights associated with Simmons common stock.</FONT></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Upon completion
of the merger, the rights of former holders of Landrum Series E preferred stock, will be governed by the Simmons charter and the
Simmons bylaws. The terms of the Simmons Series D preferred stock will be substantially similar to the terms of the Landrum Series
E preferred stock, but will be governed by the Simmons charter, the Simmons bylaws, and Arkansas law. Please see the section entitled
&ldquo;Comparison of Shareholders&rsquo; Rights of Simmons Series D and Landrum Series E Preferred Stock&rdquo; for a discussion
of the different rights associated with Simmons Series D preferred stock, and &ldquo;Description of New Simmons Series D Preferred
Stock&rdquo; for a description of the rights associated with Simmons Series D preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Risk Factors (page 27)</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Before voting
at the Landrum special meeting, you should carefully consider all of the information contained in or incorporated by reference
into this proxy statement/prospectus, including the risk factors set forth in the section entitled &ldquo;Risk Factors&rdquo;
and described in Simmons&rsquo; Annual Report on <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019002125/sfnc-123118x10k.htm" STYLE="-sec-extract: exhibit">Form 10-K</A> for the year ended on December 31, 2018, Quarterly Report on
<A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019010264/sfnc-063019x10q.htm" STYLE="-sec-extract: exhibit">Form 10-Q</A> for the quarter ended June 30, 2019, and other reports filed by Simmons with the SEC, which are incorporated by reference
into this proxy statement/prospectus. Please see the section entitled &ldquo;Where You Can Find More Information.&rdquo;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 29; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a003"></A>SELECTED
HISTORICAL CONSOLIDATED FINANCIAL DATA OF SIMMONS</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The following
table sets forth highlights from Simmons&rsquo; consolidated financial data as of and for the six months ended June 30, 2019 and
2018 and as of and for each of the five years ended December 31, 2018. Results from past periods are not necessarily indicative
of results that may be expected for any future period. The results of operations for the six months ended June 30, 2019 and 2018
are not necessarily indicative of the results of operations for the full year or any other interim period. Simmons&rsquo; management
prepared the unaudited information on the same basis as it prepared Simmons&rsquo; audited consolidated financial statements.
In the opinion of Simmons&rsquo; management, this information reflects all adjustments necessary for a fair presentation of this
data for those dates. You should read this information in conjunction with Simmons&rsquo; consolidated financial statements and
related notes included in Simmons&rsquo; Annual Report on <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019002125/sfnc-123118x10k.htm" STYLE="-sec-extract: exhibit">Form 10-K</A> for the year ended December 31, 2018 and its Quarterly Report
on <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019010264/sfnc-063019x10q.htm" STYLE="-sec-extract: exhibit">Form 10-Q</A> for the quarter ended June 30, 2019, each of which is incorporated by reference in this proxy statement/prospectus
and from which this information is derived. See &ldquo;Where You Can Find More Information.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Six
    Months Ended June 30,</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="18" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Years
    Ended December 31,</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 8pt">(Dollars
    and shares in thousands, except per share data)</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2019</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2017</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2016</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2015</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2014</FONT></TD><TD NOWRAP STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Income
    statement data:</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 30%; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Net interest income</FONT></TD><TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">287,382</FONT></TD><TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">271,803</FONT></TD><TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">552,552</FONT></TD><TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">354,930</FONT></TD><TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">279,206</FONT></TD><TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">278,595</FONT></TD><TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">171,064</FONT></TD><TD STYLE="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Provision
    for loan losses</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">16,364</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">18,183</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">38,148</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">26,393</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">20,065</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">9,022</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">7,245</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Net
    interest income after provision for loan losses</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">271,018</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">253,620</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">514,404</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">328,537</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">259,141</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">269,573</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">163,819</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Non-interest
    income</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">72,767</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">75,583</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">143,896</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">138,765</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">139,382</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">94,661</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">62,192</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Non-interest
    expense</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">212,152</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">196,580</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">392,229</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">312,379</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">255,085</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">256,970</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">175,721</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Income
    before taxes</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">131,633</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">132,623</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">266,071</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">154,923</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">143,438</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">107,264</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">50,290</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Provision
    for income taxes</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">28,014</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">27,749</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">50,358</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">61,983</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">46,624</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">32,900</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">14,602</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Net
    income</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">103,619</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">104,874</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">215,713</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">92,940</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">96,814</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">74,364</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">35,688</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Preferred
    stock dividends</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">326</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">24</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">257</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Net
    income available to common shareholders</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">103,293</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">104,874</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">215,713</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">92,940</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">96,790</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">74,107</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">35,688</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt"><B>Per
    share data<SUP>(10)</SUP>:</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Basic
    earnings</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.10</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.14</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">2.34</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.34</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.58</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.32</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.06</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Diluted
    earnings</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.09</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.13</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">2.32</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.33</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.56</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.31</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.05</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Diluted
    core earnings (non-GAAP)<SUP>(1)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.21</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.16</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">2.37</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.70</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.64</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.59</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">1.14</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Book
    value</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">25.57</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">23.26</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">24.33</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">22.65</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">18.40</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">17.27</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">13.69</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Tangible
    book value (non-GAAP)<SUP>(2)</SUP></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">14.90</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">13.05</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">14.18</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">12.34</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">11.98</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">10.98</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">10.07</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Dividends</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">0.32</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">0.30</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">0.60</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">0.50</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">0.48</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">0.46</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">0.44</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Basic
    average common shares outstanding</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">94,318,419</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">92,223,320</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">92,268,131</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">69,384,500</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">61,291,296</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">56,167,592</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">33,757,532</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Diluted
    average common shares outstanding</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">94,588,739</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">92,692,234</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">92,830,485</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">69,852,920</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">61,927,092</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">56,419,322</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">33,844,052</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Balance
    sheet data at period end:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">17,937,435</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,165,533</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,543,337</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15,055,806</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,400,056</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,559,658</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,643,354</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Investment securities</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,389,842</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,272,147</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,440,946</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,957,575</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,619,450</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,526,780</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,082,870</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Total loans</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13,127,013</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11,365,895</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11,723,171</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10,779,685</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,632,890</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,919,355</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,736,634</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Allowance for loan losses
    (excluding loans acquired)<SUP>(3)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">63,067</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">51,732</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">56,599</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">41,668</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">36,286</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">31,351</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29,028</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Goodwill and other intangible
    assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,030,546</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">942,407</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">937,021</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">948,722</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">401,464</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">380,923</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">130,621</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Non-interest bearing
    deposits</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,954,032</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,683,489</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,672,405</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,665,249</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,491,676</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,280,234</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">889,260</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Deposits</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13,516,213</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11,953,448</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12,398,752</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11,092,875</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,735,219</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,086,096</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,860,718</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Other borrowings</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,324,094</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,451,811</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,345,450</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,380,024</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">273,159</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">162,289</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">114,682</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Subordinated debt and
    trust preferred</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">354,132</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">413,337</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">353,950</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">140,565</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">60,397</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">60,570</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">20,620</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Shareholders&rsquo;
    equity</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,469,513</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,146,908</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,246,434</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,084,564</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,151,111</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,076,855</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">494,319</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Tangible shareholders&rsquo;
    equity (non-GAAP)<SUP>(2)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,438,967</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,204,501</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,309,413</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,135,842</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">749,647</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">665,080</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">363,698</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 30; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Six
    Months Ended June 30,</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Years
    Ended December 31,</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">(Dollars
    and shares in thousands, except per share data)</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2019</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2017</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2016</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2015</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2014</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Capital
    ratios at period end:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 30%; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Common shareholders&rsquo; equity to total assets</FONT></TD>
    <TD STYLE="width: 3%"><FONT STYLE="width: 3%; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">13.77</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="width: 3%; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">13.28</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="width: 3%; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">13.58</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="width: 3%; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">13.85</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="width: 3%; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">13.70</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="width: 3%; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 8pt">13.84</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="width: 3%; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 8pt">10.65</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Tangible common equity
    to tangible assets (non-GAAP)<SUP>(4)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.51</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7.91</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.39</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.05</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.37</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.26</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.06</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Tier 1 leverage ratio</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.87</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.63</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.78</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.21</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10.95</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11.20</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.77</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Common equity Tier 1
    risk-based ratio</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.80</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.99</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10.22</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.80</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13.45</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">14.21</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">n/a</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Tier 1 risk-based ratio</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.80</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.99</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10.22</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.80</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">14.45</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16.02</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13.43</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Total risk-based capital
    ratio</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12.67</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13.72</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13.35</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11.35</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15.12</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16.72</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">14.50</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Dividend payout to common
    shareholders</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29.36</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">26.55</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">25.86</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">37.59</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">30.67</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">34.98</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">41.71</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Annualized
    performance ratios:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Return on average assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.24</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.38</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.37</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.92</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.25</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.03</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.80</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Return on average common
    equity</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.05</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.98</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10.00</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6.68</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.75</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7.90</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.11</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Return on average tangible
    equity (non-GAAP)<SUP>(2)(5)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16.38</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18.73</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18.44</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11.26</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13.92</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12.53</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10.99</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Net interest margin<SUP>(6)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3.89</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4.08</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3.97</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4.07</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4.19</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4.55</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4.47</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Efficiency ratio (non-GAAP)<SUP>(7)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">53.14</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">52.97</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">52.85</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">55.27</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">56.32</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">59.01</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">67.22</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt"><B>Balance
    sheet ratios:<SUP>(8)</SUP></B></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Nonperforming
    assets as a percentage of period-end assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.49</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.47</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.37</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.52</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.79</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.85</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.25</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Nonperforming loans
    as a percentage of period-end loans</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.67</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.63</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.41</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.81</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.91</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.58</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.63</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Nonperforming assets
    as a percentage of period-end loans and OREO</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.94</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.06</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.72</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.38</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.53</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.94</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2.76</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Allowance to nonperforming
    loans</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">101.36</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">115.34</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">164.41</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">90.26</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">92.09</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">165.83</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">223.31</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Total allowance and
    credit coverage (non-GAAP)<SUP>(9)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.04</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.07</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.90</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.21</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.28</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.77</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3.81</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Allowance for loan losses
    as a percentage of period-end loans</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.68</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.73</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.67</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.73</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.84</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.97</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.41</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Net charge-offs (recoveries)
    as a percentage of average loans</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.17</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.20</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.29</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.35</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.40</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.17</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.30</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Diluted
                                         core earnings per share is a non-U.S. Generally Accepted Accounting Principles, or GAAP,
                                         financial measure. Diluted core earnings per share excludes from net income certain non-core
                                         items and then is divided by average diluted common shares outstanding. See &ldquo;Reconciliation
                                         of Simmons Non-GAAP Financial Measures&rdquo; below for a GAAP reconciliation of this
                                         non-GAAP financial measure.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">(2)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Because
                                         of Simmons&rsquo; significant level of intangible assets, total goodwill and core deposit
                                         premiums, management of Simmons believes a useful calculation for investors in their
                                         analysis of Simmons is tangible book value per share, which is a non-GAAP financial measure.
                                         Tangible book value per share is calculated by subtracting goodwill and other intangible
                                         assets from total common shareholders&rsquo; equity, and dividing the resulting number
                                         by the common stock outstanding at period end. See &ldquo;Reconciliation of Simmons Non-GAAP
                                         Financial Measures&rdquo; below for a GAAP reconciliation of this non-GAAP financial
                                         measure.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">(3)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">The
                                         allowance for loan losses related to loans acquired (not shown in the table above) was
                                         $1,112,000, $2,044,000, $95,000 and $418,000 at June 30, 2019 and 2018 and December 31,
                                         2018 and 2017, respectively, and $954,000 for the years ended December 31, 2016 and 2015.
                                         The total allowance for loan losses at June 30, 2019 and 2018 and December 31, 2018,
                                         2017, 2016 and 2015 was $64,179,000, $53,776,000, $56,694,000, $42,086,000, $37,240,000
                                         and $32,305,000, respectively.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">(4)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Tangible
                                         common equity to tangible assets ratio is a non-GAAP financial measure. The tangible
                                         common equity to tangible assets ratio is calculated by dividing total common shareholders&rsquo;
                                         equity less goodwill and other intangible assets (resulting in tangible common equity)
                                         by total assets less goodwill and other intangible assets as of and for the periods ended
                                         presented above. See &ldquo;Reconciliation of Simmons Non-GAAP Financial Measures&rdquo;
                                         below for a GAAP reconciliation of this non-GAAP financial measure.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">(5)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Return
                                         on average tangible equity is a non-GAAP financial measure that removes the effect of
                                         goodwill and other intangible assets, as well as the amortization of intangibles, from
                                         the return on average equity. This non-GAAP financial measure is calculated as net income,
                                         adjusted for the tax-effected effect of intangibles, divided by average tangible equity
                                         which is calculated as average shareholders&rsquo; equity for the period presented less
                                         goodwill and other intangible assets. See &ldquo;Reconciliation of Simmons Non-GAAP Financial
                                         Measures&rdquo; below for a GAAP reconciliation of this non-GAAP financial measure.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">(6)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Net
                                         interest margin is presented on a fully taxable equivalent basis that consists of dividing
                                         tax-exempt income by one minus the combined federal and state income tax rate of 26.135%
                                         for periods beginning January 1, 2018 or 39.225% for periods prior to 2018.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">(7)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">The
                                         efficiency ratio is a non-GAAP financial measure. The efficiency ratio is noninterest
                                         expense before foreclosed property expense and amortization of intangibles as a percent
                                         of net interest income (fully taxable equivalent) and noninterest revenues, excluding
                                         gains and losses from securities transactions and non-core items. See &ldquo;Reconciliation
                                         of Simmons Non-GAAP Financial Measures&rdquo; below for a GAAP reconciliation of this
                                         non-GAAP financial measure.</FONT></TD></TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">(8)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Excludes
                                         all loans acquired except for their inclusion in total assets.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">(9)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">The
                                         total allowance and credit coverage ratio is a non-GAAP financial measure. The total
                                         allowance and credit coverage ratio is calculated by dividing total loans by the sum
                                         of the allowance for loan losses and credit discounts on the acquired and impaired loans.
                                         See &ldquo;Reconciliation of Simmons Non-GAAP Financial Measures&rdquo; below for a GAAP
                                         reconciliation of this non-GAAP financial measure.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt">(10)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">Share
                                         and per share amounts have been restated for the two-for-one stock split in February
                                         2018.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I></I></B></FONT></P>

<!-- Field: Page; Sequence: 31; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Reconciliation of Simmons Non-GAAP
Measures</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Six
    Months Ended June 30,</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Years
    Ended December 31,</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(Dollars
    and shares in thousands, except <BR>
    per share data)</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2019</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2017</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2016</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2015</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2014</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Reconciliation
    of Core Earnings:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 10%; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Net income</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">103,293</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">104,874</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">215,713</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">92,940</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">96,790</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">74,107</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">35,688</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Non-core items:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Accelerated vesting
    on retirement agreements</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,209</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Gain on sale of merchant
    services</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Gain on sale of banking
    operations</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2,110</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Gain from early retirement
    of trust preferred securities</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(594</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Gain on sale of insurance
    lines of business</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,708</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Loss on FDIC loss-share
    termination</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,476</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Donation to Simmons
    Foundation</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Merger related costs</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,992</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,176</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,777</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">21,923</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,835</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13,760</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,470</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Change-in-control payments</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">885</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Branch right sizing</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,932</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">79</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,341</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">169</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,359</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,144</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,059</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Charter consolidation
    costs</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">652</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Early retirement program</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,287</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Tax effect<SUP>(1)</SUP></FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(3,975</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(851</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(1,598</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(8,746</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(2,981</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(8,964</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(1,929</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Net non-core items (before
    SAB 118 adjustment)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11,236</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,404</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,520</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">14,638</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,619</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15,515</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,019</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">SAB 118 adjustment<SUP>(2)</SUP></FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">11,471</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Core
    earnings (Non-GAAP)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">114,259</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">107,278</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">220,233</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">119,049</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">101,409</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">89,622</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">38,707</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Diluted earnings per share</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.09</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.13</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2.32</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.33</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.56</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.31</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.05</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Non-core items:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Accelerated vesting
    on retirement agreements</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.04</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Gain on sale of merchant
    services</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(0.03</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Gain on sale of banking
    operations</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(0.04</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Gain from early retirement
    of trust preferred securities</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(0.01</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Gain on sale of insurance
    lines of business</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(0.04</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Loss on FDIC loss-share
    termination</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.14</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Donation to Simmons
    Foundation</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.07</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Merger related costs</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.10</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.04</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.05</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.31</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.08</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.25</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.22</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Change-in-control payments</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.03</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Branch right sizing</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.03</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.02</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.06</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.06</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(0.08</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Charter consolidation
    costs</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.02</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Early retirement
    program</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.03</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Tax effect<SUP>(1)</SUP></FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(0.04</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(0.01</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(0.02</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(0.13</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(0.05</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(0.17</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(0.07</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Net non-core items (before
    SAB 118 adjustment)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.12</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.03</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.05</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.21</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.08</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.28</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.09</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">SAB 118 adjustment<SUP>(2)</SUP></FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">0.16</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Diluted core earnings
    per share (Non-GAAP)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1.21</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1.16</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">2.37</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1.70</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1.64</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1.59</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1.14</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Effective
                                         tax rate of 26.135% for 2019 and 2018 and 39.225% for prior years adjusted for non-deductible
                                         merger-related costs and deferred tax items on the sale of the insurance lines of business.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Tax
                                         adjustment to revalue deferred tax assets and liabilities to account for the future impact
                                         of lower corporate tax rates resulting from the 2017 Act, signed into law on December
                                         22, 2017.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 32; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Six
    Months Ended June 30,</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Years
    Ended December 31,</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(Dollars
    and shares in <BR> thousands, except per share <BR> data)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2019</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2017</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2016</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2015</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2014</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Calculation of Tangible
    Book Value:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 10%; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Total common
    shareholders&rsquo; equity</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">2,469,513</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">2,146,908</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">2,246,434</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">2,084,564</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">1,151,111</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">1,046,003</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">494,319</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Intangible assets:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Goodwill</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(926,450</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(845,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(845,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(842,651</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(348,505</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(327,686</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(108,095</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Other
    intangible assets</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(104,096</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(96,720</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(91,334</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(106,071</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(52,959</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(53,237</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(22,526</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Total
    intangibles</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(1,030,546</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(942,407</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(937,021</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(948,722</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(401,464</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(380,923</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(130,621</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Tangible
    common shareholders&rsquo; equity</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,438,967</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,204,501</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,309,413</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,135,842</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">749,647</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">665,080</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">363,698</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Shares of common
    stock outstanding</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">96,590,656</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">92,281,370</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">92,347,643</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">92,029,118</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">62,555,446</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">60,556,864</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">36,104,976</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Book value per
    common share</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">25.57</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">23.36</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">24.33</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">22.65</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">18.40</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">17.27</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">13.69</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Tangible book value
    per common share (Non-GAAP)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">14.90</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">13.05</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">14.18</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">12.34</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">11.98</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">10.98</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">10.07</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Calculation
    of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Total common shareholders&rsquo;
    equity</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,469,513</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,146,908</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,246,434</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,084,564</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,151,111</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,046,003</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">494,319</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Intangible assets:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Goodwill</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">926,450</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(845,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(845,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(842,651</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(348,505</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(327,686</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(108,095</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Other
    intangible assets</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(104,096</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(96,720</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(91,334</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(106,071</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(52,959</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(53,237</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(22,526</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Total
    intangibles</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(1,030,546</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(942,407</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(937,021</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(948,722</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(401,464</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(380,923</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(130,621</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Tangible
    common shareholders&rsquo; equity</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,438,967</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,204,501</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,309,413</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,135,842</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">749,647</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">665,080</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">363,698</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Total assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">17,937,435</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,165,533</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,543,337</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15,055,806</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,400,056</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,559,658</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,643,354</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Intangible assets:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Goodwill</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(926,450</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(845,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(845,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(842,651</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(348,505</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(327,686</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(108,095</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Other
    intangible assets</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(104,096</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(96,720</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(91,334</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(106,071</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(52,959</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(53,237</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(22,526</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Total
    intangibles</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(1,030,546</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(942,407</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(937,021</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(948,722</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(401,464</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(380,923</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(130,621</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Tangible
    assets</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">16,906,889</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">15,223,126</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">15,606,316</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">14,107,084</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">7,998,592</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">7,178,735</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">4,512,733</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 10%; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Ratio of
    common equity to assets</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">13.77</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">13.28</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">13.58</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">13.85</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">13.70</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">13.84</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">10.65</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Ratio of tangible common
    equity to tangible assets (Non-GAAP)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.51</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7.91</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.39</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.05</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.37</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.26</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.06</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 33; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Six
    Months Ended June 30,</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Years
    Ended December 31,</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(Dollars
    and shares in <BR> thousands, except per share <BR> data)</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2019</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2018</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2017</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2016</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2015</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2014</FONT></TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; width: 10%"><FONT STYLE="font-size: 8pt">Calculation
    of Return on Tangible Common Equity:</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Net income available
    to common shareholders</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">103,293</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">104,874</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">215,713</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">92,940</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">96,790</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">74,107</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">35,688</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Amortization
    of intangibles, net of taxes</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">4,128</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">4,153</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">8,132</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">4,659</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">3,611</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2,972</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">1,203</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Total
    income available to common shareholders</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">107,421</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">109,027</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">223,845</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">97,599</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">100,401</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">77,079</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">36,891</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Average common shareholders&rsquo;
    equity</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,300,535</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,120,075</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,157,097</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,390,815</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,105,775</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">938,521</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">440,168</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Average intangible assets:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 25.95pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Goodwill</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(880,759</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(844,917</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(845,308</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(455,453</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(332,974</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(281,133</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(88,965</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 25.95pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Other
    intangible assets</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(97,221</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(101,435</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(97,820</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(68,896</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(51,710</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(42,104</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(15,533</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Total average intangibles</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(977,980</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(946,352</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(943,128</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(524,349</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(384,684</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(323,237</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(104,498</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Average
    tangible common shareholders&rsquo; equity</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,322,555</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,173,723</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">1,213,969</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">866,466</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">721,091</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">615,284</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">335,670</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Return on average common
    equity</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.05</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9.98</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10.00</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6.68</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.75</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7.90</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.11</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Return on average tangible
    common equity (Non-GAAP)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16.38</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18.73</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18.44</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11.26</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13.92</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12.53</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10.99</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Calculation
    of Efficiency Ratio:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Non-interest expense</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">212,152</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">196,580</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">392,229</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">312,379</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">255,085</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">256,970</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">175,721</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Non-core non-interest
    expense adjustment</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(15,211</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,255</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(6,118</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(27,357</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(8,435</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(18,747</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(13,747</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Other real estate and
    foreclosure expense adjustment</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,162</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2,402</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4,240</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,042</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4,389</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4,861</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4,507</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Amortization
    of intangibles adjustment</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(5,588</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(5,622</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(11,009</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(7,666</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(5,942</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(4,889</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(1,979</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Efficiency
    ratio numerator</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">190,191</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">185,301</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">370,862</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">274,314</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">236,319</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">228,473</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">155,488</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Net-interest income</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">287,382</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">271,803</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">552,552</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">354,930</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">279,206</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">278,595</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">171,064</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Non-interest income</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">72,767</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">75,583</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">143,896</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">138,765</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">139,382</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">94,661</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">62,192</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Non-core non-interest
    income adjustment</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,972</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(835</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5,731</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(8,780</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 10%; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Fully tax-equivalent
    adjustment</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">3,307</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">2,438</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">5,297</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">7,723</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">7,722</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">8,517</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">6,840</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">(Gain)
    loss on sale of securities</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(5,563</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">1</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(61</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(1,059</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(5,848</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(307</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(8</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Efficiency
    ratio denominator</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">357,893</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">349,825</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">701,684</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">496,387</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">419,627</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">387,197</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">231,308</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Efficiency ratio (Non-GAAP)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">53.14</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">52.97</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">52.85</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">55.27</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">56.32</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">59.01</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">67.22</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Calculation
    of Total Allowance and Credit Coverage:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Allowance for loan losses</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">63,067</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">51,732</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">56,599</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">41,668</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">36,286</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">31,351</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">29,028</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Total
    credit discount and allowance on acquired loans</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">74,610</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">70,326</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">49,392</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">89,693</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">36,416</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">56,656</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">78,145</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Total
    allowance and credit discount</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">137,677</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">122,058</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">105,991</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">131,361</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">72,702</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">88,007</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">107,173</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Total
    loans</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">13,201,623</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">11,436,221</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">11,772,563</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">10,869,378</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">5,669,306</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">4,976,011</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 8pt">2,814,779</FONT></TD><TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 8.65pt; text-indent: -8.65pt"><FONT STYLE="font-size: 8pt">Total allowance and
    credit coverage (Non-GAAP)</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.04</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.07</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">0.90</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.21</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.28</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.77</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3.81</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 34; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a004"></A>MARKET
PRICE AND DIVIDENDS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons common
stock trades on Nasdaq under the symbol &ldquo;SFNC.&rdquo; Landrum common stock is not listed on a public exchange. As of September
10, 2019 there were approximately 2,196 registered Simmons shareholders and approximately 493 Landrum common
shareholders of record. There is no established public trading market for Landrum common stock. In addition, because there have
been no recent private sales of Landrum common stock of which Simmons or Landrum are aware, no recent price data regarding Landrum
common stock is available.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum has a
history of paying quarterly cash dividends on Landrum common stock and Landrum Series E preferred stock, and intends to continue
to pay such dividends in the future; however, there can be no assurance with respect to the amount, if any, of dividends that
might be declared and paid in the future.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a005"></A>CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;Some of
the statements contained or incorporated by reference in this proxy statement/prospectus may not be based on historical facts
and are &ldquo;forward-looking statements&rdquo; within the meaning of Private Securities Litigation Reform Act of 1995. These
forward-looking statements may be identified by reference to a future period(s) or by the use of forward-looking terminology,
such as &ldquo;believe,&rdquo; &ldquo;budget,&rdquo; &ldquo;expect,&rdquo; &ldquo;foresee,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo;
&ldquo;indicate,&rdquo; &ldquo;target,&rdquo; &ldquo;estimate,&rdquo; &ldquo;plan,&rdquo; &ldquo;project,&rdquo; &ldquo;continue,&rdquo;
&ldquo;contemplate,&rdquo; &ldquo;positions,&rdquo; &ldquo;prospects,&rdquo; &ldquo;predict,&rdquo; or &ldquo;potential,&rdquo;
by future conditional verbs such as &ldquo;will,&rdquo; &ldquo;would,&rdquo; &ldquo;should,&rdquo; &ldquo;could,&rdquo; &ldquo;might&rdquo;
or &ldquo;may,&rdquo; or by variations of such words or by similar expressions. These forward-looking statements include, without
limitation, statements relating to the benefits of the merger, the impact Simmons and Landrum expect the merger to have on the
combined entity&rsquo;s operations, financial condition, and financial results, and Simmons&rsquo; expectations about its ability
to successfully integrate the combined businesses and the amount of cost savings and other benefits Simmons expects to realize
as a result of the merger. The forward-looking statements also include, without limitation, statements relating to the combined
entity&rsquo;s future growth, revenue, assets, asset quality, profitability and customer service, critical accounting policies,
net interest margin, non-interest revenue, market conditions related to Simmons&rsquo; common stock repurchase program, allowance
for loan losses, the effect of certain new accounting standards on Simmons&rsquo; financial statements, income tax deductions,
credit quality, the level of credit losses from lending commitments, net interest revenue, interest rate sensitivity, loan loss
experience, liquidity, capital resources, market risk, earnings, effect of pending litigation, acquisition strategy, legal and
regulatory limitations and compliance and competition. These forward-looking statements are based on various assumptions (some
of which may be beyond our control) and involve substantial risks and uncertainties. There are many factors that may cause actual
results to differ materially from those contemplated by such forward-looking statements. In addition to the factors disclosed
by us under the caption &ldquo;Risk Factors&rdquo; and elsewhere in this document, and to factors previously disclosed by Simmons&rsquo;
reports filed with the SEC and incorporated by reference herein, the following factors, among others, could cause actual results
to differ materially and adversely from our forward-looking statements:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         businesses of Simmons and Landrum may not be integrated successfully or such integration
                                         may be more difficult, time-consuming or costly than expected;</FONT></TD></TR>                                                                                                                        <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">expected
                                         revenue synergies and cost savings from the merger may not be fully realized or realized
                                         within the expected time frame;</FONT></TD></TR>                                                                                         <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">revenues
                                         following the merger may be lower than expected;</FONT></TD></TR>                                                                                                          <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">customer
                                         and employee relationships and business operations may be disrupted by the merger;</FONT></TD></TR>                                                                                                                                            <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">management&#8217;s
                                         time and attention may be diverted to merger-related issues;</FONT></TD></TR>                                                                                                                      <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         potential dilutive effect of shares of Simmons common stock to be issued in the merger;</FONT></TD></TR>                                                                                                                                                 <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 35; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons&#8217;
                                         and Landrum&#8217;s ability to obtain regulatory, shareholder or other approvals or other
                                         conditions to closing on a timely basis or at all, the ability to close the merger on
                                         the expected timeframe, or at all;</FONT></TD></TR>                                                                                            <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">closing
                                         may be more difficult, time-consuming or costly than expected;</FONT></TD></TR>                                                                                                                        <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons&#8217;
                                         and Landrum&#8217;s customers, employees, vendors and counterparties may have varied
                                         or negative reactions to the merger;</FONT></TD></TR>                                                                                              <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">changes
                                         in general business, economic and market conditions;</FONT></TD></TR>                                                                                                              <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">changes
                                         in fiscal and monetary policies, and laws and regulations;</FONT></TD></TR>                                                                                                                    <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">changes
                                         in interest rates, inflation rates, deposit flows, loan demand and real estate values;</FONT></TD></TR>                                                                                                                                                <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">a
                                         deterioration in credit quality and/or a reduced demand for, or supply of, credit;</FONT></TD></TR>                                                                                                                                            <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">volatility
                                         in the securities markets generally or in the market price of Simmons common stock specifically;
                                         and</FONT></TD></TR>                                                             <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">other
                                         factors, which could cause actual results to differ materially from future results expressed
                                         or implied by such forward-looking statements.</FONT></TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">For any forward-looking
statements made in this proxy statement/prospectus or in any documents incorporated by reference into this proxy statement/prospectus,
Simmons claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this
proxy statement/prospectus or the date of the applicable document incorporated by reference in this proxy statement/prospectus.
Simmons and Landrum do not undertake to update forward-looking statements to reflect facts, circumstances, assumptions or events
that occur after the date the forward-looking statements are made. All subsequent written and oral forward-looking statements
concerning the merger or other matters addressed in this proxy statement/prospectus and attributable to Simmons, Landrum or any
person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to
in this proxy statement/prospectus.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"></P>

<!-- Field: Page; Sequence: 36; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a006"></A>RISK
FACTORS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>In addition
to general investment risks and the other information contained in or incorporated by reference into this proxy statement/prospectus,
including the matters addressed under the section entitled &ldquo;Cautionary Statement Regarding Forward-Looking Statements,&rdquo;
and the matters discussed under the captions &ldquo;Risk Factors&rdquo; and &ldquo;Management&rsquo;s Discussion and Analysis
of Financial Condition and Results of Operations&rdquo; sections of Simmons&rsquo; Annual Report on <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019002125/sfnc-123118x10k.htm" STYLE="-sec-extract: exhibit">Form 10-K</A> for the year ended
December 31, 2018 and any updates to those risk factors set forth in Simmons&rsquo; Quarterly Reports on Form 10-Q, Current Reports
on Form 8-K and other filings, which have been filed with the SEC, Landrum Class A shareholders should carefully consider the
following factors in deciding whether to vote for the proposals presented in this proxy statement/prospectus. Please also see
the section entitled &ldquo;Where You Can Find More Information.&rdquo; </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a007"></A>Risks
Relating to the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: left"><FONT STYLE="font-size: 10pt"><B><I>Because
the market price of Simmons common stock will fluctuate, the value of the per share merger consideration to be received by Landrum
common shareholders is uncertain.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Upon completion
of the merger, each share of outstanding Landrum common stock will be converted into the right to receive the per share merger
consideration (except for shares of Landrum common stock held directly or indirectly by Landrum or Simmons and any dissenting
shares), with cash paid in lieu of any remaining fractional shares. Any change in the market price of Simmons common stock prior
to the completion of the merger will affect the market value of the per share merger consideration that Landrum common shareholders
will receive upon completion of the merger. At the time of the Landrum special meeting, Landrum common shareholders will not know
or be able to calculate the value of the Simmons common stock they will receive upon completion of the merger. Stock price changes
may result from a variety of factors, including general market and economic conditions, changes in our respective businesses,
operations and prospects, and regulatory considerations, among other things. Many of these factors are beyond the control of Simmons
and Landrum. Landrum shareholders should obtain current market quotations for shares of Simmons common stock before voting their
shares at the Landrum special meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Other than as
described in this proxy statement/prospectus, there will be no adjustment to the merger consideration based upon changes in the
market price of Simmons common stock or Landrum common stock prior to the time the merger is completed. The merger agreement cannot
be terminated due to a change in the price of Simmons common stock or Landrum common stock, except if the Simmons average closing
price is less than $18.48 and the difference between the percentage change in the Nasdaq Bank Index and the percentage change
in the Simmons average closing price exceeds 20% over a designated measurement period, unless Simmons agrees to increase the merger
consideration by a number of shares of Simmons common stock such that the total value of the merger consideration is not less
than $320,628,000.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">See the section
entitled &ldquo;The Merger Agreement&mdash;Termination of the Merger Agreement.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Regulatory approvals may not
be received, may take longer than expected or may impose conditions that are not presently anticipated or cannot be met.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Before the transactions
contemplated by the merger agreement, including the merger, may be completed, various approvals must be obtained from bank regulatory
authorities. In determining whether to grant these approvals, the applicable regulatory authorities consider a variety of factors,
including the competitive impact of the proposal in the relevant geographic markets; financial, managerial and other supervisory
considerations, including the future prospects, of each party; potential effects of the merger on the convenience and needs of
the communities to be served and the record of the insured depository institution subsidiaries under the Community Reinvestment
Act of 1977 and the regulations promulgated thereunder, or the Community Reinvestment Act, </FONT></P>

<!-- Field: Page; Sequence: 37; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">including the subsidiaries&rsquo; overall
compliance records and recent fair lending examinations; effectiveness of the parties in combatting money laundering activities;
the extent to which the proposal would result in greater or more concentrated risks to the stability of the United States banking
or financial system; and whether Simmons controls or would after consummation of the merger control deposits in excess of certain
limits. These regulatory authorities may impose conditions on the granting of such approvals. Such conditions or changes and the
process of obtaining regulatory approvals could have the effect of delaying completion of the merger or of imposing additional
costs or limitations on the combined company following the merger. The regulatory approvals may not be received at all, may not
be received in a timely fashion, or may contain conditions on the completion of the merger that are not anticipated or cannot
be met. Furthermore, such conditions or changes may constitute a burdensome condition that may allow Simmons to terminate the
merger agreement and Simmons may exercise its right to terminate the merger agreement. If the consummation of the merger is delayed,
including by a delay in receipt of necessary regulatory approvals, the business, financial condition and results of operations
of each party may also be materially and adversely affected. See the section entitled &ldquo;The Merger&mdash;Regulatory Approvals
Required for the Merger.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Failure of the merger to be
completed, the termination of the merger agreement or a significant delay in the consummation of the merger could negatively impact
Simmons and Landrum.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger agreement
is subject to a number of conditions which must be fulfilled in order to complete the merger. Please see the section entitled
&ldquo;The Merger Agreement&mdash;Conditions to Consummation of the Merger.&rdquo; These conditions to the consummation of the
merger may not be fulfilled and, accordingly, the merger may not be completed. In addition, if the merger is not completed by
December 31, 2019 (or February 28, 2020 if all requisite regulatory approvals have not been obtained by November 29, 2019), either
Simmons or Landrum may choose to terminate the merger agreement at any time after such date if the failure to consummate the transactions
contemplated by the merger agreement is not caused by any breach of the merger agreement by the party electing to terminate the
merger agreement, before or after Landrum Class A shareholder approval of the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If the merger
is not consummated, the ongoing business, financial condition and results of operations of each party may be materially adversely
affected and the market price of Simmons common stock may decline significantly, particularly to the extent that the current market
price reflects a market assumption that the merger will be consummated. If the consummation of the merger is delayed, including
by the receipt of a competing acquisition proposal, the business, financial condition and results of operations of each party
may be materially adversely affected.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In addition,
each party has incurred and will incur substantial expenses in connection with the negotiation and completion of the transactions
contemplated by the merger agreement, as well as the costs and expenses of filing, printing and mailing this proxy statement/prospectus
and all filing and other fees paid to the SEC and other regulatory agencies in connection with the merger. If the merger is not
completed, the parties would have to recognize these expenses without realizing the expected benefits of the merger. Any of the
foregoing, or other risks arising in connection with the failure of or delay in consummating the merger, including the diversion
of management attention from pursuing other opportunities and the constraints in the merger agreement on the ability to make significant
changes to each party&rsquo;s ongoing business during the pendency of the merger, could have a material adverse effect on each
party&rsquo;s business, financial condition and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Additionally,
Simmons&rsquo; or Landrum&rsquo;s business may have been adversely impacted by the failure to pursue other beneficial opportunities
due to the focus of management on the merger, without realizing any of the anticipated benefits of completing the merger, and
the market price of Simmons common stock might decline to the extent that the current market price reflects a market assumption
that the merger will be completed. If the merger agreement is terminated and a party&rsquo;s board of directors seeks another
merger or business combination, such party&rsquo;s shareholders cannot be certain that such party will be able to find a party
willing to engage in a transaction on more attractive terms than the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 38; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Some of the conditions to the
merger may be waived by Simmons or Landrum without resoliciting Landrum shareholder approval of the merger agreement.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Some of the conditions
to the merger set forth in the merger agreement may be waived by Landrum or Simmons, subject to the agreement of the other party
in specific cases. See the section entitled &ldquo;The Merger Agreement&mdash;Conditions to Consummation of the Merger.&rdquo;
If any such conditions are waived, Landrum and Simmons will evaluate whether an amendment of this proxy statement/prospectus and
resolicitation of proxies is warranted. In the event that the Landrum board of directors determines that resolicitation of Landrum
Class A shareholders is not warranted, Simmons and Landrum will have the discretion to complete the merger without seeking further
Landrum shareholder approval.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Simmons and Landrum will be
subject to business uncertainties and contractual restrictions while the merger is pending.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Uncertainty about
the effect of the merger on employees, customers (including depositors and borrowers), suppliers and vendors may have an adverse
effect on the business, financial condition and results of operations of each party. These uncertainties may impair Simmons&rsquo;
or Landrum&rsquo;s ability to attract, retain and motivate key personnel and customers (including depositors and borrowers) pending
the consummation of the merger, as such personnel and customers may experience uncertainty about their future roles and relationships
following the consummation of the merger. Additionally, these uncertainties could cause customers (including depositors and borrowers),
suppliers, vendors and others who deal with Simmons and/or Landrum to seek to change existing business relationships with Simmons
and/or Landrum or fail to extend an existing relationship with Simmons and/or Landrum. In addition, competitors may target each
party&rsquo;s existing customers by highlighting potential uncertainties and integration difficulties that may result from the
merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The pursuit of
the merger and the preparation for the integration may place a burden on each company&rsquo;s management and internal resources.
Any significant diversion of management attention away from ongoing business concerns and any difficulties encountered in the
transition and integration process could have a material adverse effect on each party&rsquo;s business, financial condition and
results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In addition,
the merger agreement restricts each party from taking certain actions without the other party&rsquo;s consent while the merger
is pending. These restrictions could have a material adverse effect on each party&rsquo;s business, financial condition and results
of operations. Please see the section entitled &ldquo;The Merger Agreement&mdash;Covenants and Agreements&mdash;Conduct of Business
Prior to the Effective Time&rdquo; for a description of the restrictive covenants applicable to Simmons and Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Landrum&rsquo;s directors and
executive officers have interests in the merger that may be different from the interests of the Landrum shareholders.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum&rsquo;s
directors and executive officers have interests in the merger that may be different from, or in addition to, the interests of
the Landrum shareholders generally. The Landrum board of directors was aware of these interests and considered them, among other
matters, in approving the merger agreement and the transactions contemplated by the merger agreement and recommending the Landrum
Class A shareholders that they vote to approve the merger proposal. These interests are described in more detail under the section
entitled &ldquo;The Merger&mdash;Interests of Landrum&rsquo;s Directors and Executive Officers in the Merger.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The merger agreement contains
provisions that may discourage other companies from pursuing, announcing or submitting a business combination proposal to Landrum
that might result in greater value to Landrum shareholders.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger agreement
contains provisions that may discourage a third party from pursuing, announcing or submitting a business combination proposal
to Landrum that might result in greater value to the Landrum </FONT></P>

<!-- Field: Page; Sequence: 39; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">shareholders than the merger. These provisions include a general
prohibition on Landrum from soliciting or entering into discussions with any third party regarding any acquisition proposal or
offers for competing transactions, as described under the section entitled &ldquo;The Merger Agreement&mdash;Agreement Not to
Solicit Other Offers.&rdquo; Furthermore, if the merger agreement is terminated, under certain circumstances, Landrum may be required
to pay Simmons a termination fee equal to $15,000,000, as described under the section entitled &ldquo;The Merger Agreement&mdash;Termination
Fee.&rdquo; Landrum also has an unqualified obligation to submit its merger-related proposals to a vote by its shareholders, including
if Landrum receives an unsolicited proposal that the Landrum board of directors has determined in good faith is superior to the
merger. See the section entitled &ldquo;The Merger Agreement&mdash;Landrum Special Meeting and Recommendation of the Landrum Board
of Directors.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Each of the
directors of Landrum, in their capacities as individuals, have separately entered into a Landrum voting agreement pursuant to
which they agreed to vote their beneficially owned shares of Landrum Class A common stock in favor of the merger proposal and
certain related matters and against alternative transactions. As of the Landrum record date, shares constituting approximately
14.15% of the Landrum Class A common stock entitled to vote at the Landrum special meeting are subject to Landrum voting
agreements. For further information, please see the section entitled &ldquo;The Merger Agreement&mdash;Voting Agreements.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The shares of Simmons common
stock and Simmons Series D preferred stock to be received by holders of Landrum common stock and holders of Landrum Series E preferred
stock, respectively, as a result of the merger will have different rights from the shares of Landrum common stock and Landrum
Series E preferred stock, respectively.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The rights of
Landrum shareholders are currently governed by the restated articles of incorporation of Landrum, which we refer to as the Landrum
charter, and the amended and restated bylaws of Landrum, which we refer to as the Landrum bylaws. Upon completion of the merger,
the rights of former holders of Landrum common stock and holders of Landrum Series E preferred stock will be governed by the Simmons
charter and the Simmons bylaws. Simmons is organized under Arkansas law, while Landrum is organized under Missouri law. The rights
associated with Landrum common stock are different from the rights associated with Simmons common stock. The terms of the Simmons
Series D preferred stock will be substantially similar to the terms of the Landrum Series E preferred stock, but will be governed
by the Simmons charter, the Simmons bylaws, and Arkansas law. Please see the section entitled &ldquo;Comparison of Shareholders&rsquo;
Rights&rdquo; for a discussion of the different rights associated with Simmons common stock, &ldquo;Comparison of Shareholders&rsquo;
Rights of Simmons Series D and Landrum Series E Preferred Stock&rdquo; for a discussion of the different rights associated with
Simmons series D preferred stock, and &ldquo;Description of New Simmons Series D Preferred Stock&rdquo; for a description of the
rights associated with Simmons Series D preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The merger is expected to,
but may not, qualify as a reorganization under Section 368(a) of the Code.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The parties expect
the merger to be treated as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code, and the obligation
of Simmons and Landrum to complete the merger is conditioned upon the receipt of U.S. federal income tax opinion to that effect
from Covington. This tax opinion represents the legal judgment of counsel rendering the opinion and is not binding on the United
States Internal Revenue Service, or the IRS, or the courts. The expectation that the merger will be treated as a &ldquo;reorganization&rdquo;
within the meaning of Section 368(a) of the Code reflects assumptions and was prepared taking into account the relevant information
available to Simmons and Landrum at the time. However, this information is not a fact and should not be relied upon as necessarily
indicative of future results. Furthermore, such expectation constitutes a forward-looking statement. For information on forward-looking
statements, see the section entitled &ldquo;Cautionary Statement Regarding Forward-Looking Statements.&rdquo; If the merger does
not qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code, then a holder of Landrum common
stock or Landrum Series E preferred stock may be required to recognize any gain or loss equal to the difference between (1) the
sum of the fair market value of either Simmons common stock or Simmons Series D preferred stock received by the Landrum common
</FONT></P>

<!-- Field: Page; Sequence: 40; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">shareholder or holder of Landrum Series E preferred stock in the merger and the amount of cash, if any, received by the Landrum
common shareholder or holder of Landrum Series E preferred stock in the merger, and (2) the Landrum common shareholder&rsquo;s
or holders&rsquo; of Landrum Series E preferred stock adjusted tax basis in the shares of Landrum common stock or Landrum Series
E preferred stock exchanged therefor. For further information, please refer to the section entitled &ldquo;Material U.S. Federal
Income Tax Consequences Relating to the Merger.&rdquo; You should consult your tax advisor to determine the particular tax consequences
to you.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The opinion of KBW delivered
to the Landrum board of directors prior to the signing of the merger agreement will not reflect changes in circumstances after
the date of the opinion.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Landrum
board of directors received a fairness opinion from KBW dated July 30, 2019, which is attached as <U>Annex C</U> to this proxy
statement/prospectus. For a description of the opinion, see &ldquo;The Merger&mdash;Opinion of Landrum&rsquo;s Financial Advisor.&rdquo;
Such opinion has not been updated as of the date of this proxy statement/prospectus and will not be updated at, or prior to, the
time of the completion of the merger. Changes in the operations and prospects of Simmons or Landrum, general market and economic
conditions and other factors that may be beyond the control of Simmons and Landrum may alter the value of Simmons or Landrum or
the prices of shares of Simmons common stock or Landrum common stock by the time the merger are completed. The opinion does not
speak as of the time the merger is completed or as of any other date than the date of the opinion. For a description of the other
factors considered by the Landrum board of directors in determining to approve the merger, see &ldquo;The Merger&mdash;Landrum&rsquo;s
Reasons for the Merger and Recommendation of the Landrum Board of Directors.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Litigation against Landrum
or Simmons, or the members of the Landrum or Simmons board of directors, could prevent or delay the completion of the merger.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">While Simmons
and Landrum believe that any claims that may be asserted by purported shareholder plaintiffs related to the merger would be without
merit, the results of any such potential legal proceedings are difficult to predict and could delay or prevent the merger from
being competed in a timely manner. The existence of litigation related to the merger could affect the likelihood of obtaining
the required approval from Landrum Class A shareholders. Moreover, any litigation could be time consuming and expensive, could
divert Simmons and Landrum management&rsquo;s attention away from their regular business and, any lawsuit adversely resolved against
Landrum, Simmons or members of the Landrum or Simmons board of directors, could have a material adverse effect on each party&rsquo;s
business, financial condition and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">One of the conditions
to the consummation of the merger is the absence of any law or order (whether temporary, preliminary or permanent) by any court
or regulatory authority of competent jurisdiction prohibiting, restricting or making illegal consummation of the consummation
of the transactions contemplated by the merger agreement (including the merger). Consequently, if a settlement or other resolution
is not reached in any lawsuit that is filed or any regulatory proceeding and a claimant secures injunctive or other relief or
a regulatory authority issues an order or other directive prohibiting, restricting or making illegal consummation of the consummation
of the transactions contemplated by the merger agreement (including the merger), then such injunctive or other relief may prevent
the merger from becoming effective in a timely manner or at all.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a008"></A>Risks
Relating to the Combined Company&rsquo;s Business Following the Merger</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The market price of the common
stock of the combined company after the merger may be affected by factors different from those currently affecting the shares
of Simmons or Landrum common stock.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Upon the completion
of the merger, Simmons shareholders and Landrum shareholders will become shareholders of the combined company. Simmons&rsquo;
business differs from that of Landrum, and, accordingly, the results of operations of the combined company and the market price
of the combined company&rsquo;s shares of common stock may be affected by factors different from those currently affecting the
independent results </FONT></P>

<!-- Field: Page; Sequence: 41; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">of operations of each of Simmons and Landrum. For a further discussion of the businesses of Simmons and Landrum,
please see the section entitled &ldquo;Information About the Companies.&rdquo; For a discussion of the businesses of Simmons and
of certain factors to consider in connection with such business, please see the documents incorporated by reference in this proxy
statement/prospectus and referred to in the section entitled &ldquo;Where You Can Find More Information.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Sales of substantial amounts
of Simmons common stock in the open market by former Landrum common shareholders could depress Simmons&rsquo; stock price.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Shares of Simmons
common stock that are issued to Landrum common shareholders in the merger will be freely tradable without restrictions or further
registration under the Securities Act. Simmons currently expects to issue 17,350,000 shares of Simmons common stock in connection
with the merger. If the merger is completed and if Landrum&rsquo;s former shareholders sell substantial amounts of Simmons common
stock in the public market following completion of the merger, the market price of Simmons common stock may decrease. These sales
might also make it more difficult for Simmons to sell equity or equity-related securities at a time and price that it otherwise
would deem appropriate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Combining the two companies
may be more difficult, costly or time consuming than expected and the anticipated benefits and cost savings of the merger may
not be realized.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The success of
the merger will depend on, among other things, the combined company&rsquo;s ability to combine the businesses of Simmons and Landrum.
If the combined company is not able to successfully achieve this objective, the anticipated benefits of the merger may not be
realized fully, or at all, or may take longer to realize than expected.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons and Landrum
have operated and, until the completion of the merger, will continue to operate, independently. The success of the merger, including
anticipated benefits and cost savings, will depend, in part, on the successful combination of the businesses of Simmons and Landrum.
To realize these anticipated benefits and cost savings, after the completion of the merger, Simmons expects to integrate Landrum&rsquo;s
business into its own. It is possible that the integration process could result in the loss of key employees, the disruption of
each company&rsquo;s ongoing businesses or inconsistencies in standards, controls, procedures and policies that adversely affect
the combined company&rsquo;s ability to maintain relationships with clients, customers, depositors and employees or to achieve
the anticipated benefits and cost savings of the merger. The loss of key employees could have an adverse effect on the companies&rsquo;
financial results and the value of their common stock. If Simmons experiences difficulties with the integration process, the anticipated
benefits of the merger may not be realized fully, or at all, or may take longer to realize than expected. As with any merger of
financial institutions, there also may be business disruptions that cause Simmons or Landrum to lose current customers or cause
current customers to remove their accounts from Simmons or Landrum and move their business to competing financial institutions.
Integration efforts between the two companies will also divert management attention and resources. These integration matters could
have an adverse effect on each of Simmons or Landrum during this transition period and for an undetermined period after consummation
of the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The combined company expects
to incur substantial expenses related to the merger.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The combined
company expects to incur substantial expenses in connection with consummation of the merger and combining the business, operations,
networks, systems, technologies, policies and procedures of the two companies. Although Simmons and Landrum have assumed that
a certain level of transaction and combination expenses would be incurred, there are a number of factors beyond their control
that could affect the total amount or the timing of their combination expenses. Many of the expenses that will be incurred, by
their nature, are difficult to estimate accurately at the present time. Due to these factors, the transaction and combination
expenses associated with the merger could, particularly in the near term, exceed the savings that the combined company expects
to achieve from the elimination of duplicative expenses and the realization of </FONT></P>

<!-- Field: Page; Sequence: 42; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">economies of scale and cost savings related to
the combination of the businesses following the consummation of the merger. As a result of these expenses, both Simmons and Landrum
expect to take charges against their earnings before and after the completion of the merger. The charges taken in connection with
the merger are expected to be significant, although the aggregate amount and timing of such charges are uncertain at present.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Holders of Simmons and Landrum
common stock will have a reduced ownership and voting interest after the merger and will exercise less influence over management.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Holders of
Simmons and Landrum Class A common stock currently have the right to vote for the election of the directors and on other matters
affecting Simmons and Landrum, respectively. Upon the completion of the merger, each Landrum common shareholder who receives shares
of Simmons common stock will become a shareholder of Simmons with a percentage ownership of Simmons common stock that is smaller
than such shareholder&rsquo;s percentage ownership of Landrum common stock. Following completion of the merger, it is currently
expected that former holders of Landrum common stock as a group will own approximately 15.2% of the combined company&rsquo;s
common stock and existing Simmons common shareholders as a group will own approximately 84.8% of the combined company&rsquo;s
common stock. As a result, Landrum Class A shareholders will have less influence on the management and policies of the combined
company than they now have on the management and policies of Landrum, and existing Simmons shareholders may have less influence
than they now have on the management and policies of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a009"></A>Risks
Relating to an Investment in Simmons Common Stock</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The market price of Simmons
common stock may decline as a result of the merger.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The market price
of Simmons common stock may decline as a result of the merger if Simmons does not achieve the perceived benefits of the merger
or the effect of the merger on Simmons&rsquo; financial results is not consistent with the expectations of financial or industry
analysts. In addition, upon completion of the merger, Simmons and Landrum shareholders will own interests in a combined company
operating an expanded business with a different mix of assets, risks and liabilities. Existing Simmons and Landrum shareholders
may not wish to continue to invest in the combined company, or for other reasons may wish to dispose of some or all of their shares
of the combined company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Simmons&rsquo; management will
have broad discretion as to the use of assets acquired from this merger, and Simmons may not use these assets effectively.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons&rsquo;
management will have broad discretion in the application of the assets from this merger and could utilize the assets in ways that
do not improve Simmons&rsquo; results of operations or enhance the value of its common stock. Landrum common shareholders will
not have the opportunity, as part of their investment decision, to assess whether these acquired assets are being used appropriately.
Simmons&rsquo; failure to utilize these assets effectively could have a material adverse effect on the combined company&rsquo;s
business, financial condition and results of operations and cause the price of Simmons common stock to decline.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>Simmons&rsquo; rights and the
rights of Simmons shareholders to take action against Simmons&rsquo; directors and officers are limited.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Simmons charter
eliminates Simmons&rsquo; directors&rsquo; liability to Simmons and its shareholders for money damages for breach of fiduciary
duties as a director to the fullest extent permitted by Arkansas law. Arkansas law provides that an officer has no liability in
that capacity if he or she performs his or her duties in good faith, in a manner he or she reasonably believes to be in Simmons&rsquo;
best interests and with the care that an ordinarily prudent person in a like position would use under similar circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 43; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Simmons charter
and bylaws also require Simmons to indemnify Simmons&rsquo; directors and officers for liability resulting from actions taken
by them in those capacities to the maximum extent permitted by Arkansas law. As a result, Simmons shareholders and Simmons may
have more limited rights against Simmons&rsquo; directors and officers than might otherwise exist under common law. In addition,
Simmons may be obligated to fund the defense costs incurred by Simmons&rsquo; directors and officers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>An investment in Simmons common
stock is not an insured deposit.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">An investment
in Simmons common stock is not a bank deposit and is not insured or guaranteed by the FDIC, the Deposit Insurance Fund, or any
other government agency. Accordingly, you should be capable of affording the loss of any investment in Simmons common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>There may be future sales of
additional common stock or preferred stock of Simmons or other dilution of our equity, which may adversely affect the value of
Simmons common stock.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons is not
restricted from issuing additional common stock or preferred stock, including any securities that are convertible into or exchangeable
for, or that represent the right to receive, common stock or preferred stock of Simmons or any substantially similar securities.
The value of Simmons common stock could decline as a result of sales by Simmons of a large number of shares of common stock or
preferred stock of Simmons or similar securities in the market or the perception that such sales could occur.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a010"></A>Risks
Relating to an Investment in Simmons Series D Preferred Stock</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><I>The Simmons Series D preferred
stock to be received by holders of Landrum Series E preferred stock in the merger will not be listed or traded on any exchange.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Simmons Series
D preferred stock to be issued by Simmons to holders of Landrum Series E preferred stock in the merger will not be listed or traded
on any exchange. No market is expected to develop for the Simmons Series D preferred stock in the foreseeable future and holders
of the Simmons Series D preferred stock may not be able to find a buyer and sell their shares if they desired to do so.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"></P>

<!-- Field: Page; Sequence: 44; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: none"><A NAME="i19395a011"></A>THE
LANDRUM SPECIAL MEETING</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>This section
contains information for Landrum Class A shareholders about the Landrum special meeting. Landrum is mailing or otherwise delivering
this proxy statement/prospectus to you, as a Landrum shareholder, on or about September 19, 2019. This proxy statement/prospectus
is also being delivered to Landrum shareholders as Simmons&rsquo; prospectus for its offering of Simmons common stock and Simmons
Series D preferred stock in connection with the merger. This proxy statement/prospectus is accompanied by a notice of the Landrum
special meeting and a proxy that the Landrum board of directors is soliciting for use at the Landrum special meeting and at any
adjournments or postponements of the Landrum special meeting. References to &ldquo;you&rdquo; and &ldquo;your&rdquo; in this section
are to Landrum Class A shareholders. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-style: normal"><A NAME="i19395a012"></A>Date,
Time and Place of the Landrum Special Meeting </FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Landrum
special meeting will be held on October 22, 2019, at 801 East Broadway, Columbia, MO 65201, at 10:00 A.M. Central Time.
On or about September 19, 2019, Landrum commenced mailing or otherwise delivering this proxy statement/prospectus and the
enclosed form of proxy to its shareholders entitled to vote at the Landrum special meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-style: normal"><A NAME="i19395a013"></A>Purpose
of the Landrum Special Meeting </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At the Landrum
special meeting, you will be asked to consider and vote on the following matters:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         merger proposal;&#8203; and&#8203;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         adjournment proposal, if necessary or appropriate.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-style: normal"><A NAME="i19395a014"></A>Recommendation
of the Landrum Board of Directors </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Landrum board
of directors has approved the merger agreement and recommends that Landrum Class A shareholders vote <B>&ldquo;FOR&rdquo;</B>
the merger proposal and <B>&ldquo;FOR&rdquo;</B> the adjournment proposal. Please see the section entitled &ldquo;The Merger&mdash;Landrum&rsquo;s
Reasons for the Merger and Recommendation of the Landrum Board of Directors&rdquo; for a more detailed discussion of the factors
considered by the Landrum board of directors in reaching its decision to approve the merger agreement, including the merger and
all transactions contemplated therein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Completion of
the merger is conditioned upon the approval of the merger proposal, but is not conditioned upon the approval of the adjournment
proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-style: normal"><A NAME="i19395a015"></A>Record
Date and Quorum </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum has
set the close of business on September 6, 2019 as the Landrum record date to determine which Landrum shareholders will
be entitled to receive notice of and vote at the Landrum special meeting. Only Landrum Class A shareholders at the close of business
on the Landrum record date will be entitled to vote at the Landrum special meeting. As of the Landrum record date, there were
655,577 shares of Landrum Class A common stock outstanding and entitled to notice of, and to vote at, the Landrum special
meeting, held by approximately 479 shareholders of record. Each holder of shares of Landrum Class A common stock outstanding
on the Landrum record date will be entitled to one vote for each share held of record.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The presence
at the Landrum special meeting, in person or by proxy, of a majority of the shares of Landrum Class A common stock outstanding
and entitled to vote as of the Landrum record date will constitute a quorum for the purposes of the Landrum special meeting. All
shares of Landrum Class A common stock represented at the Landrum special meeting or represented by proxy, including abstentions,
if any, will be treated as present for purposes of determining the presence or absence of a quorum for all matters voted on at
the Landrum special meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 45; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If a quorum is
not present at the Landrum special meeting, it will be postponed until the holders of the number of shares of Landrum Class A
common stock required to constitute a quorum attend. If additional votes must be solicited in order for Landrum Class A shareholders
to approve the merger proposal and the adjournment proposal is approved, the Landrum special meeting will be adjourned to solicit
additional proxies. The Landrum special meeting may be adjourned by the affirmative vote of holders of a majority of the shares
of Landrum Class A common stock represented in person or by proxy at the Landrum special meeting, even if less than a quorum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-style: normal"><A NAME="i19395a016"></A>Vote
Required; Treatment of Abstentions and Failure to Vote </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Approval of the
merger proposal requires the affirmative vote of holders of at least two-thirds of the outstanding shares of Landrum Class A common
stock entitled to vote on the merger proposal. Approval of the adjournment proposal requires the affirmative vote of at least
a majority of shares present or represented by proxy at the Landrum special meeting and entitled to vote on the adjournment proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">With respect
to the merger proposal, if you mark &ldquo;ABSTAIN&rdquo; on your proxy, fail to either submit a proxy or vote at
the Landrum special meeting, or are a &ldquo;street name&rdquo; holder and fail to instruct your bank, broker or other nominee
how to vote, it will have the same effect as a vote against the merger proposal. With respect to the adjournment proposal, if
you mark &ldquo;ABSTAIN&rdquo; on your proxy, it will have the same effect as a vote against the adjournment proposal,
and if you fail to either submit a proxy or vote at the Landrum special meeting, or are a &ldquo;street name&rdquo; holder
and fail to instruct your bank, broker or other nominee how to vote, it will have no effect on such proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-style: normal"><A NAME="i19395a017"></A>Shares
Held by Directors and Executive Officers</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As of the
Landrum record date, there were 655,577 shares of Landrum Class A common stock entitled to vote at the Landrum special
meeting. As of the Landrum record date, the directors and executive officers of Landrum and their affiliates beneficially owned
and were entitled to vote approximately 420,798 shares of Landrum Class A common stock, representing approximately 64.19%
of the shares of Landrum Class A common stock outstanding on that date. Landrum currently expects that the shares of Landrum Class
A common stock beneficially owned by its directors and executive officers will be voted in favor of the merger proposal and the
adjournment proposal. Each of the directors of Landrum, in their capacities as individuals have separately entered into a Landrum
voting agreement pursuant to which they agreed to vote their beneficially owned shares of Landrum Class A common stock in favor
of the merger proposal and certain related matters and against alternative transactions. For further information, please see the
section entitled &ldquo;The Merger Agreement&mdash;Voting Agreements.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-style: normal"><A NAME="i19395a018"></A>Voting
of Proxies; Incomplete Proxies </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">A Landrum Class
A shareholder may vote by proxy or in person at the Landrum special meeting. If you hold your shares of Landrum common stock in
your name as a shareholder of record, you may use one of the following methods to submit a proxy as a Landrum Class A shareholder:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">by
                                         mail by completing, signing, dating and returning the proxy in the enclosed envelope,
                                         which requires no additional postage if mailed in the United States; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">in
                                         person at the Landrum special meeting.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">When
a properly executed proxy is returned, the shares of Landrum Class A common stock represented by it will be voted at the
Landrum special meeting in accordance with the instructions contained on the proxy. If any proxy is returned without
indication as to how to vote, the shares of Landrum Class A common stock represented by the proxy will be voted in favor
of both the merger proposal and the adjournment proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 46; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For Landrum Class
A shareholders whose shares are registered in the name of a bank, broker or other nominee, please consult the voting instructions
provided by your bank, broker or other nominee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If your shares
are held in &ldquo;street name&rdquo; by a bank, broker or other nominee, you should check the voting form used by that firm to
determine how to vote. You may not vote shares held in &ldquo;street name&rdquo; by returning a proxy directly to Landrum
or by voting at the Landrum special meeting unless you provide a &ldquo;legal proxy,&rdquo; which you must obtain from your bank,
broker or other nominee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Every
Landrum Class A shareholder&rsquo;s vote is important. Accordingly, you should complete, sign, date and return the enclosed proxy,
whether or not you plan to attend the Landrum special meeting. Sending in your proxy will not prevent you from voting
your shares personally at the Landrum special meeting, since you may revoke your proxy at any time before it is voted.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a019"></A>Shares
Held in &ldquo;Street Name&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If your shares
are held in &ldquo;street name&rdquo; by a bank, broker or other nominee, you must provide the record holder of your shares with
instructions on how to vote your shares. Banks, brokers and other nominees who hold shares of Landrum Class A common stock in
&ldquo;street name&rdquo; for a beneficial owner of those shares typically have the authority to vote in their discretion on &ldquo;routine&rdquo;
proposals when they have not received instructions from beneficial owners. However, banks, brokers and other nominees are not
allowed to exercise voting discretion with respect to the approval of matters determined to be &ldquo;non-routine,&rdquo; without
specific instructions from the beneficial owner. Landrum expects that all proposals to be voted on at the Landrum special meeting
will be &ldquo;non-routine&rdquo; matters. Broker non-votes are shares held by a bank, broker or other nominee with respect to
which such entity is not instructed by the beneficial owner of such shares to vote on the particular proposal and the broker does
not have discretionary voting power on such proposal. If your bank, broker or other nominee holds your shares of Landrum Class
A common stock in &ldquo;street name,&rdquo; such entity will vote your shares of Landrum Class A common stock only if you provide
instructions on how to vote by complying with the voter instruction form sent to you by your bank, broker or other nominee with
this proxy statement/prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a020"></A>Revocability
of Proxies and Changes to a Landrum Class A Shareholder&rsquo;s Vote</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If you hold
stock in your name as a shareholder of record, you may change your vote or revoke any proxy at any time before it is voted by
(1)&nbsp;completing, signing, dating and returning a proxy with a later date, (2)&nbsp;delivering a written revocation
letter to Landrum&rsquo;s corporate secretary, or (3)&nbsp;vote in person at the Landrum special meeting. If you choose to send
a completed proxy bearing a later date than your original proxy, the new proxy must be received before the
beginning of the Landrum special meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Any Landrum Class
A shareholder entitled to vote at the Landrum special meeting may vote regardless of whether or not a proxy has been previously
given, but simply attending the Landrum special meeting (without notifying Landrum&rsquo;s corporate secretary) will not constitute
revocation of a previously given proxy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Written
notices of revocation and other communications about revoking your proxy should be addressed to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>The Landrum
Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">801 East Broadway</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">Columbia,
MO 65201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Attention: Lisa
Evans</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If your shares
are held in &ldquo;street name&rdquo; by a bank, broker or other nominee, you should follow the instructions of your bank, broker
or other nominee regarding the revocation of voting instructions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 47; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a021"></A>Participants
in the Landrum ESOP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Shares of
Landrum Class A common stock are held by the Landrum ESOP trustee. All shares of Landrum Class A common stock owned by the
Landrum ESOP have been allocated to the accounts of individual participants. Participants are entitled to direct the Landrum
ESOP trustee with respect to voting on the merger proposal and adjournment proposal with respect to the shares of Landrum Class
A common stock allocated to their accounts. If the Landrum ESOP trustee does not determine that voting as so directed would
be a breach of the trustee&rsquo;s fiduciary duties or another provision of law, then the Landrum ESOP trustee will vote the shares
as directed by each participant. Should any participant fail to direct the Landrum ESOP trustee with respect to voting, then the
Landrum ESOP trustee will follow the directions of the Landrum ESOP administrator (the Landrum board of directors) with respect
to the voting of such shares (unless to follow such directions would be a breach of the Landrum ESOP trustee&rsquo;s fiduciary
duties or another provision of law). It is the present intention of the Landrum ESOP administrator to direct the Landrum ESOP
trustee to vote all such shares in favor of the merger proposal and adjournment proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For
ESOP participants, enclosed with this proxy statement/prospectus is a Direction on Voting (on blue paper), together with a pre-addressed,
postage pre-paid envelope. The Landrum ESOP trustee has established October 8, 2019, as the last date it will accept Directions
on Voting from Landrum ESOP participants. As Landrum ESOP participants complete the Direction on Voting, they should be aware
of this deadline and the time it might take to deliver the Direction on Voting to the Landrum ESOP trustee. Be sure to complete
the form and sign where indicated. YOUR RETURNED DIRECTION ON VOTING AND THE SPECIFIC MANNER IN WHICH YOU DIRECT THE LANDRUM ESOP
TRUSTEE TO VOTE YOUR SHARES WILL BE KEPT CONFIDENTIAL BY THE LANDRUM ESOP TRUSTEE.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a022"></A>Solicitation
of Proxies</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum is soliciting
proxies from its Class A shareholders in conjunction with the merger. Landrum will bear the entire cost of soliciting proxies
from its Class A shareholders. In addition to solicitation of proxies by mail, Landrum will request that banks, brokers and other
record holders send proxies and proxy material to the beneficial owners of Landrum Class A common stock and secure their voting
instructions. Landrum will reimburse the record holders for their reasonable expenses in taking those actions. If necessary, Landrum
may use its directors, officers or employees, who will not be specially compensated, to solicit proxies from Landrum Class A shareholders,
either personally or by telephone, facsimile, letter or electronic means.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a023"></A>Attending
the Landrum Special Meeting</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If you are a
Landrum Class A shareholder as of the Landrum record date, you may vote your shares in person at the Landrum special meeting.
Even if you currently plan to attend the Landrum special meeting, it is recommended that you also submit your proxy as described
below, so your vote will be counted if you later decide not to attend the Landrum special meeting. If you submit your vote by
proxy and later decide to vote at the Landrum special meeting, the vote you submit at the Landrum special meeting will override
your proxy vote. If your shares of Landrum Class A common stock are held in &ldquo;street name&rdquo; by a bank, broker or other
nominee, please follow the instructions on the voting instruction form provided by the record holder.</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a024"></A>Assistance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If you need
assistance in completing your proxy, have questions regarding the Landrum special meeting, or would like additional copies
of this proxy statement/prospectus, please contact Lisa Evans, Landrum&rsquo;s Senior Vice President and Controller, at (573)
441-2822.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><BR CLEAR="ALL">
</FONT></P>

<!-- Field: Page; Sequence: 48; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a025"></A>The Landrum proposals</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a026"></A>Proposal
1: Merger Proposal</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum is asking
Landrum Class A shareholders to approve the merger agreement, including the merger and all transactions contemplated therein.
For a detailed discussion of the terms and conditions of the merger agreement, please see the section entitled &ldquo;The Merger
Agreement.&rdquo; Landrum Class A shareholders should read this proxy statement/prospectus, including any documents incorporated
in this proxy statement/prospectus by reference, and its annexes, carefully and in their entirety for more detailed information
concerning the merger agreement and the merger. A copy of the merger agreement is attached to this proxy statement/prospectus
as <U>Annex A</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As discussed
in the section entitled &ldquo;The Merger&mdash;Landrum&rsquo;s Reasons for the Merger and Recommendation of the Landrum Board
of Directors,&rdquo; after careful consideration, the Landrum board of directors approved the merger agreement and declared the
merger agreement and the transactions contemplated thereby, including the merger, to be advisable and in the best interest of
Landrum and the Landrum shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Required Vote
</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Approval
of the merger proposal requires the affirmative vote of holders of at least two-thirds of the outstanding shares of Landrum Class
A common stock entitled to vote on the merger proposal. If you mark &ldquo;ABSTAIN&rdquo; for the merger proposal on your proxy,
fail to either submit a proxy or vote at the Landrum special meeting, or are a &ldquo;street name&rdquo; holder and
fail to instruct your bank, broker or other nominee how to vote, it will have the same effect as a vote against the merger proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>The Landrum
board of directors recommends that Landrum Class A shareholders vote &ldquo;FOR&rdquo; the merger proposal. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a027"></A>Proposal
2: Adjournment Proposal</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum is asking
Landrum Class A shareholders to approve the adjournment of the Landrum special meeting to another date and place if necessary
or appropriate to solicit additional votes in favor of the merger proposal if there are insufficient votes at the time of such
adjournment to approve the merger proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If, at the Landrum
special meeting, there is an insufficient number of shares of Landrum Class A common stock present or represented by proxy and
voting in favor of the merger proposal, Landrum will move to adjourn the Landrum special meeting in order to enable the Landrum
board of directors to solicit additional proxies for approval of the merger proposal. If the Landrum Class A shareholders approve
the adjournment proposal, Landrum may adjourn the Landrum special meeting and use the additional time to solicit additional proxies,
including the solicitation of proxies from Landrum Class A shareholders who have previously voted. Notice need not be given of
the adjourned meeting if the time and place of the adjourned meeting are announced at the Landrum special meeting. If the adjournment
is for more than 30 days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the date
and place of the adjourned meeting must be given to each shareholder of record entitled to vote at the Landrum special meeting.
Even if a quorum is not present, the Landrum special meeting may be adjourned by the affirmative vote of the holders of a majority
of the shares of Landrum common stock represented in person or by proxy at the Landrum special meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 49; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Required Vote
</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Approval
of the adjournment proposal requires the affirmative vote of at least a majority of shares of Landrum Class A common stock present
or represented by proxy at the Landrum special meeting and entitled to vote on the adjournment proposal. If you mark &ldquo;ABSTAIN&rdquo;
for the adjournment proposal on your proxy, it will have the same effect as a vote against the adjournment proposal, and
if you fail to either submit a proxy or vote at the Landrum special meeting, or are a &ldquo;street name&rdquo; holder
and fail to instruct your bank, broker or other nominee how to vote, it will have no effect on the adjournment proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>The Landrum
board of directors recommends that Landrum Class A shareholders vote &ldquo;FOR&rdquo; the adjournment proposal.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a028"></A>Other
Matters to Come Before the Landrum Special Meeting</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As of the date
of this proxy statement/prospectus, the Landrum board of directors is not aware of any matters that will be presented for consideration
at the Landrum special meeting other than as described in this proxy statement/prospectus. If, however, the Landrum board of directors
properly brings any other matters before the Landrum special meeting, the persons named in the proxy will vote the shares represented
thereby in accordance with the recommendation of the Landrum board of directors on any such matter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><BR CLEAR="ALL">
</FONT></P>

<!-- Field: Page; Sequence: 50; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a029"></A>INFORMATION ABOUT THE COMPANIES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><A NAME="i19395a030"></A>Simmons First National Corporation
</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">501 Main Street</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Pine Bluff, Arkansas 71601</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Telephone: (870) 541-1000</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;Simmons
is a financial holding company registered under the BHC Act. Simmons is headquartered in Arkansas and as of June 30, 2019, had,
on a consolidated basis, total assets of&thinsp; $17.9 billion, total net loans of&thinsp; $13.1 billion, total deposits of&thinsp;
$13.5 billion and total shareholders&rsquo; equity of&thinsp; $2.5 billion. Simmons conducts its banking operations through its
subsidiary bank, Simmons Bank, in 212 branches or financial centers located in communities in Arkansas, Colorado, Illinois, Kansas,
Missouri, Oklahoma, Tennessee and Texas. Simmons common stock is traded on Nasdaq under the symbol &ldquo;SFNC.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
is committed to the community bank philosophy of encouraging local customer engagement and local decision making, thereby producing
a more responsive and satisfactory experience for its customers. Simmons also believes its model empowers its bankers to enhance
shareholder value through developing and growing holistic customer relationships. As Simmons focuses on the communities in which
it primarily operates, it provides a wide range of consumer and commercial loan and deposit products to individuals and businesses
in its core markets. Simmons also has developed through its experience and scale and through acquisitions, specialized products
and services that are in addition to those offered by the typical community bank and that are provided in many cases to customers
beyond its core market area. Those products include credit cards, personal and corporate trust services, investments, insurance,
agricultural finance lending, equipment lending and Small Business Administration lending.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
seeks to build shareholder value by (1) focusing on strong asset quality, (2) maintaining strong capital, (3) managing its liquidity
position, (4) improving its operational efficiency and (5) opportunistically growing its business, both organically and through
acquisitions of financial institutions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Additional information
about Simmons may be found in the documents incorporated by reference into this proxy statement/prospectus. Please see the section
entitled &ldquo;Where You Can Find More Information.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><A NAME="i19395a031"></A>The Landrum Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">801 East Broadway</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Columbia, MO 65201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Telephone: (573) 499-7363</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum is
a bank holding company registered under the BHC Act. Landrum was incorporated in Missouri in 1994 to serve as the bank holding
company for Landmark Bank. Landmark Bank, a Missouri chartered bank headquartered in Columbia, Missouri, currently operates from
43 office locations (including 39 full service branches and 4 loan production offices) in 30 communities in Missouri, Oklahoma,
and Texas. As of June 30, 2019, Landmark Bank had total assets of $3.3 billion, total net loans of $2.0 billion, total deposits
of $3.0 billion, and total shareholders&rsquo; equity of $285 million. Landrum does not have a class of securities registered
under Section 12 of the Exchange Act, is not subject to the reporting requirements of Section 13(a) or 15(d) of the Exchange Act,
and, accordingly, does not file documents or reports with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;<BR CLEAR="ALL"></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"></P>

<!-- Field: Page; Sequence: 51; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a032"></A>THE
MERGER</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>The following
discussion contains material information regarding the merger. The discussion is subject to, and qualified in its entirety by
reference to, the merger agreement, which is attached to this proxy statement/prospectus as <U>Annex A</U> and is incorporated
by reference herein. The following is not intended to provide factual information about the parties or any of their respective
subsidiaries or affiliates. This discussion does not purport to be complete and may not contain all of the information about the
merger that is important to you. We urge you to read carefully this entire proxy statement/prospectus, including the merger agreement,
for a more complete understanding of the merger.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a033"></A>Terms
of the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Each of
the Simmons board of directors and the Landrum board of directors approved the merger agreement. The merger agreement provides
that, among other things, Landrum will merge with and into Simmons, with Simmons continuing as the surviving corporation in the
merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Based
on the assumptions set forth below, at the effective time, each share of Landrum common stock that is issued and outstanding immediately
prior to the effective time, excluding certain specified shares, will be converted into the right to receive the per share merger
consideration. In addition, each share of Landrum Series E preferred stock that is issued and outstanding immediately prior to
the effective time will be converted into the right to receive one share of Simmons Series D preferred stock. The per share merger
consideration is based on the assumption 680,334 shares of Landrum common stock are issued and outstanding immediately
prior to the effective time. In the aggregate, Simmons will issue 17,350,000 shares of Simmons common stock to the Landrum common
shareholders upon completion of the merger, in addition to the issuance of 767 shares of Simmons Series D preferred stock to holders
of Landrum Series E preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
will not issue any fractional shares of Simmons common stock in the merger. Instead, a Landrum common shareholder who would otherwise
be entitled to receive a fraction of a share of Simmons common stock will receive, in lieu thereof, an amount in cash, rounded
up to the nearest cent (without interest), determined by multiplying (i) the fraction of a share (rounded to the nearest thousandth
when expressed as a decimal form) of Simmons common stock that such shareholder would otherwise be entitled to receive by (ii)
the Simmons average closing price.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum Class
A shareholders are being asked to approve the merger agreement, including the merger and all transactions contemplated therein.
See the section entitled &ldquo;The Merger Agreement&rdquo; for additional and more detailed information regarding the legal documents
that govern the merger, including information about the conditions to consummation of the merger and the provisions for terminating
or amending the merger agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a034"></A>Background
of the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">The board of
directors of Landrum continually evaluates and considers how to enhance shareholder value. Various options, such as enhancing
organic growth, raising additional capital, merging with a similar-sized organization, and selling Landrum as a whole are among
the alternatives the Landrum board of directors has considered and evaluated on an on-going basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">As a part of its on-going
evaluations, and in light of national and regional market conditions in which Landmark Bank operates, in the fall of 2018 the
Landrum board of directors determined to explore strategic alternatives potentially available in greater depth. This led to conversations
and initial meetings by management of Landrum with various investment banking firms. Among these investment banking firms was
KBW<FONT STYLE="background-color: white">, a nationally recognized investment bank and a leading firm in advising financial institutions.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">At a meeting
held on November 12, 2018, the Landrum board of directors heard separate presentations from each of KBW and another investment
bank nationally recognized in advising financial institutions. Both firms </P>

<!-- Field: Page; Sequence: 52; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">discussed potential strategic alternatives for Landrum.
At that meeting the Landrum board of directors created and appointed a special Transaction Committee of the Landrum board of directors
consisting of Daniel J. Stubler (chair), Brenda L. Bingham, M. David Bryant, Kevin D. Gibbens, Jennifer R. Landrum and John A.
Wright, which we refer to as the Committee, to be advised by Landrum management, Landrum professional advisors, including Polsinelli
PC as legal counsel, and any investment banking or advisory firm engaged by Landrum. The Committee was charged with the responsibility
to consider, analyze, develop, and recommend to the Landrum board of directors a plan of action with respect to the strategic
alternatives then available to Landrum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">The Committee
first formally met on December 21, 2018 to consider, identify and evaluate additional information on strategic alternatives available
to Landrum. At that time the Committee determined to work with KBW, Polsinelli PC, and other professional advisers to assist the
Committee in identifying and evaluating strategic alternatives for Landrum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">At a subsequent
Committee meeting on January 15, 2019, KBW discussed with the Committee market conditions applicable to the financial service
industry in general and specifically with respect to Landrum and its business. During this meeting the Committee considered and
discussed various strategic alternatives for Landrum, including continuing to pursue the then in-place strategic plan of seeking
growth in North Texas and growing core deposits, the possibility of seeking to raise additional outside capital either in the
form of debt or equity, pursuing an initial public offering of Landrum common stock, a merger transaction with a similarly-sized
financial institution in a stock-for-stock transaction, or an outright sale of Landrum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">The Committee
determined that Landrum management should pursue and explore potential strategic transactions and counterparties. The Committee
discussed with KBW and Landrum management potential strategic partners that KBW had previously discussed with the Landrum board
of directors. After consideration, the Committee also determined that, at that time, it was not in best interests of Landrum to
seek to raise additional outside capital, pursue a public offering of its securities, or pursue a merger with a similarly-sized
institution in a stock-for-stock transaction. The Committee asked Landrum management to work with KBW to contact and engage in
discussions with potential strategic partners.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">KBW thereafter contacted
representatives of five potential strategic partners that the Landrum board of directors had approved, including Simmons.
An introductory meeting between members of the managements of Landrum and Simmons occurred on February 22, 2019. During
the meeting, Landrum&rsquo;s management indicated their interest in exploring strategic partnerships, and Simmons&rsquo; management
provided an overview of Simmons&rsquo; business and operations, as well as its culture and recent M&amp;A activities. Following
that meeting, Simmons&rsquo; management informed KBW that they would be willing to continue discussions with Landrum regarding
its organization and future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">The Committee
met again on March 6, 2019. At that meeting, members of Landrum management reported on discussions with two potential acquirers:
Simmons and another potential acquirer, which we refer to as Company A. Each of Simmons and Company A had engaged in preliminary
discussions with Landrum management and KBW about a potential strategic transaction. The Committee reviewed and considered information
made available by KBW about these prospective acquirers and determined that Landrum should continue to explore a business combination
transaction with Simmons, Company A, and other potential transaction partners.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">At a special
meeting of the Landrum board of directors on March 8, 2019 the Landrum board of directors considered various information including
reports from the Committee about the initial discussions with Simmons and Company A and background information on each. A representative
of KBW attended this meeting and discussed both Simmons and Company A with the Landrum board of directors. The Landrum board of
directors determined and approved various matters, including that: the further evaluation of a business combination transaction
was in the best interest of Landrum and its shareholders at that time; management and the Committee were authorized to continue
to evaluate potential strategic transactions and to make further recommendations </P>

<!-- Field: Page; Sequence: 53; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">to the Landrum board of directors; the Committee
and management were authorized to engage in discussions with any potential transaction partners concerning material terms of a
potential strategic transaction, including expected prices; and the Committee was directed to make recommendations to the Landrum
board of directors as to whether to proceed further concerning the evaluation of any potential strategic transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">Representatives of
KBW, Landrum, and Simmons met in early March 2019 for additional preliminary discussions. Around the time of that meeting, Simmons&rsquo;
management, with the assistance of Simmons&rsquo; financial advisor, also began to consider various financial aspects of a possible
business combination, and Landrum and Simmons entered into a mutual nondisclosure agreement on March 22, 2019, to permit the exchange
of more detailed information about the organizations. Simmons commenced preliminary due diligence based on information supplied
by Landrum in late March 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">In addition, during
March 2019 representatives of Landrum, with KBW&rsquo;s assistance, worked to identify other potential transaction partners. In
early April 2019, certain members of Landrum management and representatives of KBW met with another potential strategic partner.
After those discussions, a transaction between Landrum and this potential transaction partner was not pursued for a number
of reasons including the perception that the potential strategic partner was not a good cultural fit for Landrum, it had other
transactional priorities and Simmons and Company A were perceived to have a more developed strategic plan for a transaction with
Landrum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">On March 26,
2019, Landrum and Company A entered into a mutual nondisclosure agreement to allow for the exchange of more detailed diligence
information about both organizations. On April 2, 2019, certain members of Landrum management met with representatives of Company
A to further discuss a strategic transaction. On April 11, 2019, Simmons provided a preliminary, verbal indication of interest
to KBW of the financial terms to acquire Landrum. On April 18, 2019, Company A provided a preliminary, verbal indication of interest
to KBW of the financial terms to acquire Landrum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">On April 23,
2019, the Committee met to discuss the activities undertaken by Landrum management, with KBW&rsquo;s assistance, in continuing
to explore potential strategic partners. At the meeting KBW reviewed the preliminary, verbal indications of interest that had
been received from Company A and from Simmons. The Committee also reviewed a list of 23 financial institutions considered as possible
business combination partners and the outcomes of discussions to date with three potential transaction partners, including Company
A and Simmons. After this review, the Committee concluded that there were a limited number of potential transaction partners with
which Landrum could effect a transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">At the April
23, 2019 meeting the Committee, among other things, determined to recommend to the Landrum board of directors that the Landrum
board of directors authorize the negotiation of a strategic transaction and that the Committee, with the assistance of management,
be authorized to further analyze and evaluate Company A and Simmons for the purpose of considering whether Landrum should enter
into exclusive negotiations with either company for a limited period of time for the purpose of negotiating definitive terms for
a potential strategic transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">The Landrum board
of directors met on April 24, 2019, to consider, among other things, a potential strategic transaction involving Landrum.
At that meeting, Landrum management reviewed on-going deliberations and evaluations by Landrum management regarding a potential
strategic transaction and other strategic alternatives. Representatives of KBW reviewed with the Landrum board of directors the
process in which Landrum management and the Committee had engaged, with KBW&rsquo;s assistance, in considering and identifying
strategic alternatives and potential transaction partners.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">Potential transaction
terms and the effects of a potential strategic transaction were considered, including exchange ratios for a potential merger transaction,
the mix and types of consideration to be received by Landrum shareholders as part of a transaction, and the performance, synergies,
financial capacity, and strategic outlook of </P>

<!-- Field: Page; Sequence: 54; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">both Simmons and Company A and the relative performances of their stock, dividend
yields, and other related matters. During the meeting the Landrum board of directors was also informed that the Committee had
concluded that there likely were a limited number of potential strategic partners with which Landrum could effect a transaction.
During the meeting the Landrum board of directors determined that Landrum should continue to take steps to explore and further
a potential strategic transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">Later on April
24, 2019, certain members of the Committee and Stephen Guthrie, Logan M. Dale, and Sabrina McDonnell met in person with representatives
of Company A to discuss a potential business combination. Then, on May 1, 2019, members of the Committee, Yulia V. Guseva, and
Logan M. Dale, together with a representative of KBW, traveled to Little Rock, Arkansas, to meet with executive management personnel
of Simmons. Following that meeting, and based on the results of its preliminary due diligence, Simmons&rsquo; executive management
decided to submit a non-binding indication of interest for a strategic transaction with Landrum and worked to develop the same.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">On May 2, 2019, KBW
contacted Company A at the direction of Landrum and proposed that Company A increase the financial terms of its initial indication
of interest. On May 6, 2019, Company A notified KBW that it would not increase the financial terms of its indication of interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">On May 7, 2019,
the Committee met to consider the in-person meetings with Company A and Simmons. The Committee concluded that Company A was less
familiar with the business of Landmark Bank and Landrum as a whole, and therefore had assigned a lower enterprise value to Landrum
than had Simmons. The Committee discussed the preliminary, verbal indications of interest that had been provided by each of Company
A and Simmons, with the aggregate value offered by Simmons exceeding the initial offer from Company A. Simmons also had offered
to assume the obligation to pay a material amount of one-time transaction costs. During the meeting it was also noted that Company
A&rsquo;s ability to fund an acquisition was less certain than that of Simmons. After lengthy discussion among the Committee members
in evaluating the preliminary, verbal indications of interest from Company A and Simmons, the Committee members agreed that the
total consideration in the Simmons transaction was superior to that proposed by Company A and that the Committee members believed
there were greater synergies between Landrum and Simmons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">At the May 7, 2019
Committee meeting terms related to a potential transaction were discussed and considered. In particular, the Committee analyzed
and discussed the mix and type of consideration that Landrum and its shareholders should receive in a business combination, there
being a preference for a mix of cash and stock consideration. At the meeting the Committee also determined that because of the
greater synergies with Simmons and the superior preliminary indication of interest that Simmons provided, Landrum should
negotiate with Simmons for a business combination. Simmons had previously requested exclusivity for a limited period of time for
negotiations, and the Committee determined that it was in the best interests of Landrum and its shareholders to agree to such
condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">Simmons presented
to Landrum a letter of intent on May 8, 2019, setting forth the general terms of the proposed strategic transaction. Landrum executed
the letter of intent on May 9, 2019. Thereafter each of Simmons and Landrum engaged in substantial additional due diligence on
each other throughout the remainder of May and June, including due diligence meetings in early June and management meetings throughout
June 2019. Also during that time Landrum and Simmons began negotiating the terms of the merger agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">During June
2019, Simmons&rsquo; executive management engaged in further discussions with its financial advisor concerning the cash component
of the proposed merger consideration, its expected effect on Simmons&rsquo; financial position, and alternative funding strategies.
To address certain challenges associated with the cash component, Simmons&rsquo; executive management also began to consider revising
the consideration structure to consist almost solely of Simmons common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 55; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">On July 1, 2019, Simmons
proposed to revise the merger consideration. The revised terms provided for consideration that was virtually all-stock rather
than the 80 percent stock and 20 percent cash split in consideration in Simmons&rsquo; original proposal Simmons also included
in its revised proposal a special cash dividend of $1 million to Landrum shareholders as part of the merger transaction. Simmons
offered 17,100,000 shares of Simmons common stock in exchange for all Landrum common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">On July 3, 2019,
the Committee along with other members of Landrum management, and Landrum advisers, including representatives of KBW and legal
counsel, met to review and consider the revised proposal from Simmons. At the meeting KBW reviewed the revised offer and other
considerations related to an all-stock merger transaction and the parties&rsquo; motivations to effect the transaction. Among
the matters discussed and considered were the proposed exchange ratio and the effect that fluctuations in Simmons stock price
could have on the value of the merger consideration, the then recent performance of Simmons&rsquo; common stock, the likely reasons
for Simmons to propose an all-stock transaction, other acquisitions potentially being considered and pursued by Simmons, the potential
returns and dividend payments shareholders of Landrum could realize by virtue of the receipt of additional shares of Simmons common
stock, and the one-time special dividend proposed by Simmons as part of its revised offer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">At the July
3, 2019 meeting the Committee reviewed other matters related to Simmons and the value of its common stock, including the tangible
book value of the Simmons common stock and the total tangible book value of the common stock consideration proposed by Simmons.
The Committee engaged in a substantial review regarding the potential benefits and considerations to Landrum common shareholders
presented by the revised proposal from Simmons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">Recognizing the inherent
risks of a fixed exchange ratio, the Committee determined to negotiate for a greater amount of stock consideration in the transaction.
At this meeting the Committee also considered various other terms of the transaction documents to be negotiated as a result of
the revised terms proposed by Simmons, including a &ldquo;double-trigger&rdquo; walkaway right for the protection of Landrum common
shareholders; allowing the Landrum board of directors to terminate the transaction should both the absolute value of Simmons common
stock drop substantially and that Simmons&rsquo; stock&rsquo;s relative performance compared to an index of publicly traded financial
institutions lag by a material amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">The Committee
also discussed and evaluated the option of pursuing transactions with alternative buyers at that time, but based on information
available to the Committee it was determined that other potential transaction partners, including Company A, appeared less likely
to agree to a superior transaction. The Committee then determined that a counter offer to the terms proposed by Simmons would
be made and include: stock consideration totaling 17,450,000 shares of Simmons common stock in exchange for all outstanding shares
of Landrum common stock, a &ldquo;double-trigger&rdquo; walk-away right in favor of Landrum, a $1.0 million special dividend,
and that holders of Landrum Series E preferred stock would receive shares of Simmons Series D preferred stock (having similar
economic terms).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">The counteroffer was
conveyed to Simmons on July 3, 2019, and resulted in additional negotiations between Mr. Stubler and George A. Makris, Jr., the
Chairman and Chief Executive Officer of Simmons on July 5, 2019. At another Committee meeting held on July 8, 2019, the Committee
was informed that these July 5, 2019 negotiations had resulted in what was conveyed as a final Simmons offer: 17,350,000 shares
of Simmons common stock for all outstanding shares of Landrum common stock, exchange of Landrum Series E preferred stock for Simmons
Series D preferred stock and a double-trigger termination. The $1 million special dividend was not offered as part of the
final transaction terms. The offer of a total of 17,350,000 shares of Simmons common stock represented an increase of $9.1
million in the aggregate deal value based on Simmons&rsquo; then-current stock price from the aggregate deal value proposed
in the letter of intent executed in May 2019. The Committee and KBW reviewed and discussed the proposed terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 56; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">After further negotiation
of the transaction documents and transaction terms between July 8 and July 23, the Committee held another meeting on July
23, 2019. At that meeting the Committee reviewed and discussed certain terms of the transaction documents and other agreements
contemplated in the merger agreement. At the meeting a representative of KBW reviewed with the Committee the economic terms and
potential implications of the merger transaction for Landrum and its shareholders. Legal counsel to Landrum also presented and
discussed the due diligence that had been conducted on Simmons, including with respect to legal matters, financial matters, and
loan-related matters. Legal counsel also provided an extensive review of the terms of the draft merger agreement. After discussion
the Committee concluded that the terms of the proposed merger were in the best interests of Landrum and its shareholders and recommended
that the Landrum board of directors approve the merger agreement and recommend it to the Landrum Class A shareholders for approval.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">The Landrum
board of directors, during a regular meeting on July 24, 2019, reviewed the recommendation of the Committee and particularly the
terms of the merger agreement and the potential transaction with Simmons. Among other things, the Landrum board of directors reviewed
the legal, business, and financial due diligence of Simmons that had been undertaken prior to and during the negotiation of the
merger agreement. At the meeting KBW reviewed with the Landrum board of directors the economic terms and related aspects of the
transaction. KBW also reviewed the performance of Simmons common stock and the implied per share value to each Landrum common
shareholder that was being offered in the transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">Legal counsel
to Landrum engaged in a detailed review of the merger agreement, including principal terms, changes made during the course of
negotiations, elements related to the fiduciary obligations of directors, and the voting agreements that Simmons proposed for
each member of the Landrum board of directors. Directors were given the opportunity to ask questions of KBW and legal counsel
related to the proposed merger and merger agreement. At the conclusion of the meeting the Landrum board of directors agreed to
further consider and evaluate the terms of the merger transaction and the potential benefits to Landrum and the Landrum shareholders
that were expected to result from the transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">On July 30, 2019,
the Landrum board of directors held a special meeting to further consider the merger agreement and the merger. A representative
of KBW attended at the meeting as well as legal counsel. The Landrum board of directors reviewed in detail the final merger agreement,
the ancillary agreements, and related summaries and supplemental materials. The Landrum board of directors discussed in detail,
with the participation of all advisers, the aggregate value of the proposed merger consideration. Landrum management and legal
counsel provided reports of their due diligence reviews of Simmons. Also at this meeting, KBW reviewed the financial aspects of
the proposed merger and rendered to the Landrum board of directors an opinion to the effect that, as of such date and subject
to the procedures followed, assumptions made, matters considered, and qualifications and limitations on the review undertaken
by KBW as set forth in its opinion, the exchange ratio, as defined in the opinion and as described in &ldquo;&mdash;Opinion
of <FONT STYLE="background-color: white">Landrum&rsquo;s Financial Advisor,</FONT>&rdquo; in the proposed merger was fair, from
a financial point of view, to the holders of Landrum common stock. For a description of KBW&rsquo;s opinion, please refer to &ldquo;&mdash;Opinion
of <FONT STYLE="background-color: white">Landrum&rsquo;s Financial Advisor.</FONT>&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">After considering
the proposed terms of the merger agreement, the terms of the voting agreements, and the various presentations of its financial
and legal advisors, and the matters discussed during that meeting and prior meetings of the Landrum board of directors, including
the factors described under the section of this proxy statement/prospectus entitled &ldquo;&mdash;Landrum&rsquo;s Reasons for
the Merger and Recommendations of the Landrum Board of Directors,&rdquo; the Landrum board of directors determined that the merger
agreement, including the merger and the other transactions contemplated thereby, was in the best interests of Landrum and its
shareholders, and all the members of board of directors present at the meeting (all but one director was present at the board
meeting) approved the merger agreement, the merger and the other transactions contemplated by the merger agreement and determined
to submit the merger agreement to the Landrum shareholders for approval, at a special meeting of Landrum Class A shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">On July 30,
2019, the Simmons board of directors held a meeting to consider the terms of the merger and merger agreement. At the meeting,
members of Simmons&rsquo; management reported on the status of due diligence and negotiations with Landrum. Also at the meeting,
Simmons&rsquo; financial advisor reviewed with the Simmons </P>

<!-- Field: Page; Sequence: 57; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left">board of directors financial aspects of the proposed merger. At the
meeting, Simmons&rsquo; internal legal counsel reviewed with the Simmons board of directors its fiduciary duties and reviewed
the key terms of the merger agreement and related agreements (including the voting agreements), as described elsewhere in this
proxy statement/prospectus, including a summary of the provisions relating to governance of the combined company and the provisions
relating to employee matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">After considering
the proposed terms of the merger agreement, the terms of the voting agreements, and taking into consideration the matters discussed
during that meeting and prior meetings of the Simmons board of directors, including the factors described under &ldquo;&mdash;Simmons&rsquo;
Reasons for the Merger,&rdquo; the Simmons board of directors determined that the merger was consistent with Simmons&rsquo;
business strategies and in the best interests of Simmons and Simmons shareholders and the Simmons board of directors voted to
approve and adopt the merger agreement, the merger and the other transactions contemplated by the merger agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">Following the
board meetings of Landrum and Simmons, on July 30, 2019, Landrum and Simmons executed the merger agreement and the directors of
Landrum executed the voting agreements. On July 31, 2019, Simmons issued a press release announcing the execution of the merger
agreement.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a035"></A>Landrum&rsquo;s
Reasons for the Merger and Recommendation of the Landrum Board of Directors</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At the
special board meeting held on July 30, 2019, the Landrum board of directors approved the merger agreement, the merger and the
transactions contemplated by the merger agreement, determining that the merger is advisable and fair to, and in the best interest
of, Landrum and its shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In reaching
its decision to approve the merger agreement, the merger and the other transactions contemplated by the merger agreement and to
recommend that Landrum Class A shareholders vote <B>&ldquo;FOR&rdquo;</B> the merger proposal, the Landrum board of directors
evaluated the merger in consultation with Landrum&rsquo;s management, as well as Landrum&rsquo;s financial, legal, and other professional
advisors. The Landrum board of directors considered a number of factors including, without limitation, the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">information
                                         with respect to the businesses, earnings, operations, financial conditions, prospects,
                                         capital levels, and asset qualities of Landrum and Simmons, both individually and after
                                         giving effect to the merger;</FONT></TD></TR>                                                                                      <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         market value of Simmons common stock prior to the execution of the merger agreement,
                                         the prospects for future appreciation of Simmons common stock, and the history of dividends
                                         payable by Simmons to holders of Simmons common stock;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         market for and trading liquidity of Simmons common stock;</FONT></TD></TR>                                                                                                                   <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         value to be received by Landrum shareholders in the merger as compared to potential Landrum
                                         shareholder value for Landrum as a stand-alone entity;</FONT></TD></TR>                                                                                                                <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         recommendation of the Committee to the Landrum board of directors to approve the merger
                                         agreement, based upon the extensive work and analysis done by the Committee to identify,
                                         explore, and analyze strategic alternatives in general, and the proposed merger with
                                         Simmons specifically;</FONT></TD></TR>                                                                               <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         opinion dated July 30, 2019, of KBW to the Landrum board of directors as to the fairness,
                                         from a financial point of view and as of the date of the opinion, to the holders of Landrum
                                         common stock of the exchange ratio in the proposed merger, as more fully described below
                                         under &#8220;Opinion of Landrum&#8217;s Financial Advisor&#8221;;</FONT></TD></TR>                                                                                                                           <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         projected impact of the merger on certain financial metrics of Simmons, including Simmons&#8217;
                                         projected earnings appreciation, capital appreciation, and capital ratios;</FONT></TD></TR>                                                                                                                                    <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 58; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         perceived risks and uncertainties attendant to Landrum&#8217;s operation as an independent
                                         banking organization, including the risks and uncertainties related to competition in
                                         market areas of Landmark Bank, increased operating and regulatory costs, interest rate
                                         environments, and potentially increased capital requirements;</FONT></TD></TR>                                                                                                                       <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         due diligence review of Simmons, including financial, legal, and loan related matters;</FONT></TD></TR>                                                                                                                                                <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         expected impact of the merger on constituencies served by Landrum, including its borrowers,
                                         depositors, and communities;</FONT></TD></TR>                                                                                      <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         effects of the merger on Landmark Bank&#8217;s employees, including the ability of those
                                         employees to participate in Simmons&#8217; benefit plans;</FONT></TD></TR>                                                                                                                   <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         understanding that the structure and terms of the merger would result in favorable tax
                                         consequences to the shareholders of Landrum;</FONT></TD></TR>                                                                                                      <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         regulatory and other approvals required in connection with the merger and the expected
                                         likelihood that such regulatory approvals would be received in a reasonably timely manner
                                         and without the imposition of burdensome conditions;</FONT></TD></TR>                                                                                                              <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         review of potential strategic affiliation partners other than Simmons, the prospects
                                         of such other potential strategic affiliation partners, and the (lack of) likelihood
                                         of a more favorable transaction with such potential affiliation partners;</FONT></TD></TR>                                                                                                                                   <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">consideration
                                         of the alternatives to the merger, including remaining independent and growing organically
                                         and then selling to or merging with another institution at a future time, attempting
                                         to raise outside capital through a public sale of Landrum securities, and engaging in
                                         a merger transaction with a similarly-sized financial institution;</FONT></TD></TR>                                                                                                                            <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         current environment in the financial services industry, including national, regional,
                                         and local economic conditions, the interest rate environment, continued consolidation,
                                         uncertainties in the regulatory climate for financial institutions, the current environment
                                         for community banks, including in the Missouri, Oklahoma, and Texas markets where Landmark
                                         Bank operates, and current financial market conditions and the likely effects of these
                                         factors on Landrum&#8217;s and Simmons&#8217; potential growth, development, productivity,
                                         and strategic options;</FONT></TD></TR>                                                                                <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons&#8217;
                                         successful track record with respect to acquisition transactions, including among other
                                         things, with respect to the integration of acquired companies;</FONT></TD></TR>                                                                                                                        <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Synergies
                                         and the compatibility and complementary nature of Simmons&#8217; business, operations,
                                         and culture with those of Landrum;</FONT></TD></TR>                                                                                            <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">that
                                         the aggregate merger consideration would be paid through a fixed number of shares of
                                         Simmons common stock, such that the nominal value of the aggregate merger consideration
                                         would increase or decrease with the fluctuation of the day-to-day market price of Simmons
                                         common stock;</FONT></TD></TR>                                                                       <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         possible disruption to Landrum&#8217;s business that could result from the announcement
                                         of the merger and the resulting distraction of management&#8217;s attention from the
                                         day-to-day operations of Landrum&#8217;s business;</FONT></TD></TR>                                                                                                            <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">that
                                         the interests of certain of Landrum&#8217;s directors and executive officers may be different
                                         from, or in addition to, the interests of other Landrum shareholders;</FONT></TD></TR>                                                                                                                               <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 59; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">that
                                         the merger agreement restricts the conduct of Landrum&#8217;s business prior to the completion
                                         of the merger which, subject to specific exceptions, could delay or prevent Landrum from
                                         undertaking business opportunities that may arise or any other action it would otherwise
                                         take with respect to the operations of Landrum absent the pending merger;</FONT></TD></TR>                                                                                                                                   <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">that
                                         Landrum would be prohibited from soliciting or responding to any acquisition proposals
                                         after execution of the merger agreement and that Landrum would be obligated to pay to
                                         Simmons a termination fee of $15,000,000, should the merger agreement be terminated under
                                         certain circumstances, which may discourage other parties potentially interested in a
                                         strategic transaction with Landrum from pursuing such a transaction;</FONT></TD></TR>                                                                                                                              <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">an
                                         assessment of the likelihood that the merger would be completed in a timely manner and
                                         that the management team of the combined company would be able to successfully integrate
                                         and operate the businesses of the combined company after the merger;</FONT></TD></TR>                                                                                                                              <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">anticipated
                                         merger-related financial costs and which organization would bear the burden of those
                                         costs;</FONT></TD></TR>                                                                <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         risk that, while Landrum expects that the merger will be consummated, there can be no
                                         assurance that all conditions to the parties&#8217; obligations to complete the merger
                                         will be satisfied, including the risk that Landrum shareholder approval might not be
                                         obtained and, as a result, the merger may not be consummated; and</FONT></TD></TR>                                                                                                                           <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         anticipated benefits to Landrum of being acquired by a larger financial institution that
                                         would be better equipped to respond to economic and industry developments and to develop
                                         and build on their positions in existing markets.</FONT></TD></TR>                                                                                                           <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The foregoing
discussion of the information and factors considered by the Landrum board of directors is not intended to be exhaustive, but,
rather, includes all material factors considered by the Landrum board of directors. In reaching its decision to approve the merger
agreement, the merger and the other transactions contemplated by the merger agreement, the Landrum board of directors did not
quantify, rank or otherwise assign any relative weights to the factors considered, and individual directors may have given different
weights to different factors. The Landrum board of directors considered all these factors as a whole, including through its discussions
with and questioning of, Landrum&rsquo;s management and Landrum&rsquo;s financial, legal and other professional advisors, and
overall considered the factors to be favorable to, and supportive of its determination to approve the merger agreement and the
transactions contemplated thereby, including the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Landrum
board of directors collectively made its determination with respect to the merger based on the recommendation of the Committee
(which was formed with the specific purpose to examine strategic alternatives, including merger transactions), and individual
directors made their determinations based on based on the factors that each of them considered appropriate. Such determinations
resulted in the conclusion that the merger agreement, the merger and the other transactions contemplated by the merger agreement
are in the best interests of Landrum and its shareholders and that the benefits expected to be achieved from the merger outweigh
the potential risks and vulnerabilities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This explanation
of the Landrum board of directors&rsquo; reasoning and all other information presented in this section is forward-looking in nature
and, therefore, should be read in light of the factors discussed under the heading &ldquo;Cautionary Statement Regarding Forward-Looking
Statements.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>For
the reasons set forth above, the Landrum board of directors approved the merger agreement, the merger and the other transactions
contemplated by the merger agreement, determining that they are advisable and fair to, and in the best interest of, Landrum and
its shareholders and recommends that Landrum Class A shareholders vote &ldquo;FOR&rdquo; the merger proposal.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 60; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Each of
the directors of Landrum, in their capacities as individuals, entered into Landrum voting agreements with Simmons and Landrum
pursuant to which they agreed to vote <B>&ldquo;FOR&rdquo;</B> the merger proposal and <B>&ldquo;FOR&rdquo;</B> any other matters
required to be approved by the Landrum Class A shareholders in furtherance of the merger proposal. For more information regarding
the Landrum voting agreements, please see the section entitled &ldquo;The Merger Agreement&mdash;Voting Agreements.&rdquo;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a036"></A>Opinion
of Landrum&rsquo;s Financial Advisor</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
engaged KBW to render financial advisory and investment banking services to Landrum, including an opinion to the Landrum board
of directors as to the fairness, from a financial point of view, to the holders of Landrum common stock of the exchange ratio
in the proposed merger of Landrum with and into Simmons. For the purposes of this Section only, the exchange ratio refers to the
ratio of 25.502 shares of Simmons common stock for one share of Landrum common stock. Landrum selected KBW because KBW is a nationally
recognized investment banking firm with substantial experience in transactions similar to the merger. As part of its investment
banking business, KBW is continually engaged in the valuation of financial services businesses and their securities in connection
with mergers and acquisitions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As
part of its engagement, representatives of KBW participated in telephonic meeting of the Landrum board of directors held on July
30, 2019, at which the Landrum board of directors evaluated the proposed merger. At this meeting, KBW reviewed the financial aspects
of the proposed merger and rendered to the Landrum board of directors an opinion to the effect that, as of such date and subject
to the procedures followed, assumptions made, matters considered, and qualifications and limitations on the review undertaken
by KBW as set forth in its opinion, the exchange ratio in the proposed merger was fair, from a financial point of view, to the
holders of Landrum common stock. The Landrum board of directors approved the merger agreement during the meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
description of the opinion set forth herein is qualified in its entirety by reference to the full text of the opinion, which is
attached as Annex C to this document and is incorporated herein by reference, and describes the procedures followed, assumptions
made, matters considered, and qualifications and limitations on the review undertaken by KBW in preparing the opinion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>KBW&rsquo;s
opinion speaks only as of the date of the opinion. The opinion was for the information of, and was directed to, the Landrum board
of directors (in its capacity as such) in connection with its consideration of the financial terms of the merger. The opinion
addressed only the fairness, from a financial point of view, of the exchange ratio in the merger to the holders of Landrum common
stock. It did not address the underlying business decision of Landrum to engage in the merger or enter into the merger agreement
or constitute a recommendation to the Landrum board of directors in connection with the merger, and it does not constitute a recommendation
to any holder of Landrum common stock or any shareholder of any other entity as to how to vote in connection with the merger or
any other matter, nor does it constitute a recommendation regarding whether or not any such shareholder should enter into a voting,
shareholders&rsquo;, or affiliates&rsquo; agreement with respect to the merger or exercise any dissenters&rsquo; or appraisal
rights that may be available to such shareholder. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW&rsquo;s
opinion was reviewed and approved by KBW&rsquo;s Fairness Opinion Committee in conformity with its policies and procedures established
under the requirements of Rule 5150 of the Financial Industry Regulatory Authority.<B> </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In connection
with its opinion, KBW reviewed, analyzed and relied upon material bearing upon the financial and operating condition of Landrum
and Simmons and bearing upon the merger, including, among other things:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">a
                                         draft of the merger agreement dated July 26, 2019 (the most recent draft then made available
                                         to KBW);</FONT></TD></TR>                                                                  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         audited financial statements for the three fiscal years ended December 31, 2018 of Landrum;</FONT></TD></TR>                                                                                                                                                     <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 61; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         unaudited quarterly financial statements for the quarters ended June 30, 2019 and March
                                         31, 2019 of Landrum;</FONT></TD></TR>                                                                              <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         audited financial statements and Annual Reports on Form 10-K for the three fiscal years
                                         ended December 31, 2018 of Simmons;</FONT></TD></TR>                                                                                             <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         unaudited quarterly financial statements and Quarterly Report on Form 10-Q for the quarter
                                         ended March 31, 2019 and the unaudited quarterly financial statements for the quarter
                                         ended June 30, 2019 of Simmons;</FONT></TD></TR>                                                                                         <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">certain
                                         regulatory filings of Landrum and Simmons and their respective subsidiaries, including
                                         the quarterly reports on Form FR Y-9C and call reports filed with respect to each quarter
                                         during the three-year period ended December 31, 2018 as well as the quarter ended March
                                         31, 2019;</FONT></TD></TR>                                                                   <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">certain
                                         other interim reports and other communications of Landrum to its shareholders;
                                         and</FONT></TD></TR>                                                             <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">other
                                         financial information concerning the businesses and operations of Landrum and Simmons
                                         that was furnished to KBW by Landrum and Simmons or which KBW was otherwise directed
                                         to use for purposes of KBW&#8217;s analyses.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW&rsquo;s consideration
of financial information and other factors that it deemed appropriate under the circumstances or relevant to its analyses included,
among others, the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         historical and current financial position and results of operations of Landrum and Simmons;</FONT></TD></TR>                                                                                                                                                     <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         assets and liabilities of Landrum and Simmons;</FONT></TD></TR>                                                                                                        <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         nature and terms of certain other merger transactions and business combinations in the
                                         banking industry;</FONT></TD></TR>                                                                           <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">a
                                         comparison of certain financial information for Landrum and certain financial and stock
                                         market information for Simmons with similar information for certain other companies the
                                         securities of which were publicly traded;</FONT></TD></TR>                                                                                                   <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">financial
                                         and operating forecasts and projections of Landrum that were prepared by, and provided
                                         to KBW and discussed with KBW by, Landrum management and that were used and relied upon
                                         by KBW at the direction of such management and with the consent of the Landrum board
                                         of directors;</FONT></TD></TR>                                                                       <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">publicly
                                         available consensus &#8220;street estimates&#8221; of Simmons that were discussed with
                                         KBW by Simmons management, as well as assumed long-term Simmons growth rates provided
                                         to KBW by Landrum management that were discussed with KBW by Landrum management, all
                                         of which information was used and relied upon by KBW based on such discussions, at the
                                         direction of Landrum management and with the consent of the Landrum board of directors;
                                         and</FONT></TD></TR>                                                             <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">estimates
                                         regarding certain pro forma financial effects of the merger on Simmons (including, without
                                         limitation, the cost savings and related expenses expected to result or be derived from
                                         the merger) that were prepared by, and provided to and discussed with KBW by, Simmons
                                         management and that were used and relied upon by KBW based on such discussions, at the
                                         direction of Landrum management and with the consent of the Landrum board of directors.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW
also performed such other studies and analyses as it considered appropriate and took into account its assessment of general economic,
market and financial conditions and its experience in other transactions, as well as its experience in securities valuation and
knowledge of the banking industry generally. KBW also participated </FONT></P>

<!-- Field: Page; Sequence: 62; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt">in discussions held by the managements of Landrum and Simmons
regarding the past and current business operations, regulatory relations, financial condition and future prospects of their respective
companies and such other matters as KBW deemed relevant to its inquiry. In addition, KBW considered the results of the efforts
undertaken by Landrum, with KBW&rsquo;s assistance, to solicit indications of interest from third parties regarding a potential
transaction with Landrum<B>.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In
conducting its review and arriving at its opinion, KBW relied upon and assumed the accuracy and completeness of all of the financial
and other information that was provided to it or that was publicly available and did not independently verify the accuracy or
completeness of any such information or assume any responsibility or liability for such verification, accuracy or completeness.
KBW relied upon the management of Landrum as to the reasonableness and achievability of the financial and operating forecasts
and projections of Landrum and the assumed long-term Simmons growth rates, all as referred to above (and the assumptions and bases
for all such information), and KBW assumed that such information was reasonably prepared and represented the best currently available
estimates and judgments of such management and that the forecasts, projections and growth rates reflected in such information
would be realized in the amounts and in the time periods estimated by such management. KBW further relied, with the consent of
Landrum, upon its discussions with Simmons management as to the reasonableness of the publicly available consensus &ldquo;street
estimates&rdquo; of Simmons and the reasonableness and achievability of the estimates regarding certain pro forma financial effects
of the merger on Simmons (including, without limitation, the cost savings and related expenses expected to result or be derived
from the merger), all as referred to above (and the assumptions and bases for all such information), and KBW assumed that all
such information was reasonably prepared and represented, or in the case of the Simmons &ldquo;street estimates&rdquo; referred
to above that such estimates were consistent with, the best currently available estimates and judgments of Simmons management
and that the forecasts, projections and estimates reflected in such information would be realized in the amounts and in the time
periods estimated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">It
is understood that the portion of the foregoing financial information that was provided to KBW was not prepared with the expectation
of public disclosure and that the financial and operating forecast and projections of Landrum, the publicly available consensus
&ldquo;street estimates&rdquo; of Simmons and the assumed long-term Simmons growth rates referred to above and the
estimates regarding certain pro forma financial effects of the merger on Simmons (including, without limitation, the cost savings
and related expenses expected to result or be derived from the merger) were based on numerous variables and assumptions that are
inherently uncertain (including, without limitation, factors related to general economic and competitive conditions) and, accordingly,
actual results could vary significantly from those set forth in such information. KBW assumed, based on discussions with the managements
of Landrum and Simmons (as described above) and with the consent of the Landrum board of directors, that all such information
provided a reasonable basis upon which KBW could form its opinion and KBW expressed no view as to any such information or the
assumptions or bases therefor. KBW relied on all such information without independent verification or analysis and did not in
any respect assume any responsibility or liability for the accuracy or completeness thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW
also assumed that there were no material changes in the assets, liabilities, financial condition, results of operations, business
or prospects of either Landrum or Simmons since the date of the last financial statements of each such entity that were made available
to KBW. KBW is not an expert in the independent verification of the adequacy of allowances for loan and lease losses and KBW assumed,
without independent verification and with Landrum&rsquo;s consent, that the aggregate allowances for loan and lease losses for
Landrum and Simmons are adequate to cover such losses. In rendering its opinion, KBW did not make or obtain any evaluations or
appraisals or physical inspection of the property, assets or liabilities (contingent or otherwise) of Landrum or Simmons, the
collateral securing any of such assets or liabilities, or the collectability of any such assets, nor did KBW examine any individual
loan or credit files, nor did it evaluate the solvency, financial capability or fair value of Landrum or Simmons under any state
or federal laws, including those relating to bankruptcy, insolvency or other matters. Estimates of values of companies and assets
do not purport to be appraisals or necessarily reflect the prices at which companies or assets may actually be sold. Because such
estimates are inherently subject to uncertainty, KBW assumed no responsibility or liability for their accuracy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 63; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW
assumed, in all respects material to its analyses:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">that
                                         the merger and any related transactions would be completed substantially in accordance
                                         with the terms set forth in the merger agreement (the final terms of which KBW assumed
                                         would not differ in any respect material to KBW&#8217;s analyses from the draft reviewed
                                         by KBW and referred to above) with no adjustments to the exchange ratio and with no other
                                         consideration or payments in respect of Landrum common stock;</FONT></TD></TR>                                                                                                                       <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">that
                                         the representations and warranties of each party in the merger agreement and in all related
                                         documents and instruments referred to in the merger agreement were true and correct;</FONT></TD></TR>                                                                                                                                              <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">that
                                         each party to the merger agreement and all related documents would perform all of the
                                         covenants and agreements required to be performed by such party under such documents;</FONT></TD></TR>                                                                                                                                               <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">that
                                         there were no factors that would delay or subject to any adverse conditions, any necessary
                                         regulatory or governmental approval for the merger or any related transactions and that
                                         all conditions to the completion of the merger and any related transaction would be satisfied
                                         without any waivers or modifications to the merger agreement or any of the related documents;
                                         and</FONT></TD></TR>                                                             <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">that
                                         in the course of obtaining the necessary regulatory, contractual, or other consents or
                                         approvals for the merger and any related transaction, no restrictions, including any
                                         divestiture requirements, termination or other payments or amendments or modifications,
                                         would be imposed that would have a material adverse effect on the future results of operations
                                         or financial condition of Landrum, Simmons or the pro forma entity, or the contemplated
                                         benefits of the merger, including without limitation the cost savings and related expenses
                                         expected to result or be derived from the merger.</FONT></TD></TR>                                                                                                           <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW
assumed that the merger would be consummated in a manner that complies with the applicable provisions of the Securities Act, the
Exchange Act, and all other applicable federal and state statutes, rules and regulations. KBW was further advised by representatives
of Landrum that Landrum relied upon advice from its advisors (other than KBW) or other appropriate sources as to all legal, financial
reporting, tax, accounting and regulatory matters with respect to Landrum, Simmons, the merger and any related transaction and
the merger agreement. KBW did not provide advice with respect to any such matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW&rsquo;s
opinion addressed only the fairness, from a financial point of view, as of the date of the opinion, of the exchange ratio in the
merger to the holders of Landrum common stock, without regard to the differences between the classes of Landrum common stock.
KBW expressed no view or opinion as to any other terms or aspects of the merger or any term or aspect of any related transaction
(including the termination by Landrum of Landrum Employee Stock Ownership Plan and the Landrum Combined Benefits Plan prior to
the closing of the merger), including without limitation, the form or structure of the merger or any such related transaction,
the treatment of the Landrum Series E preferred stock in the merger, any consequences of the merger or any such related transaction
to Landrum, Landrum shareholders, Landrum&rsquo;s creditors or otherwise, or any terms, aspects, merits or implications of any
employment, consulting, voting, support, shareholder or other agreements, arrangements or understandings contemplated or entered
into in connection with the merger or otherwise. KBW&rsquo;s opinion was necessarily based upon conditions as they existed and
could be evaluated on the date of such opinion and the information made available to KBW through such date. Developments subsequent
to the date of KBW&rsquo;s opinion may have affected, and may affect, the conclusion reached in KBW&rsquo;s opinion and KBW did
not and does not have an obligation to update, revise or reaffirm its opinion. KBW&rsquo;s opinion did not address, and KBW expressed
no view or opinion with respect to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         underlying business decision of Landrum to engage in the merger or enter into the merger
                                         agreement;</FONT></TD></TR>                                                                    <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         relative merits of the merger as compared to any strategic alternatives that are, have
                                         been or may be available to or contemplated by Landrum or the Landrum board of directors;</FONT></TD></TR>                                                                                                                                                   <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         fairness of the amount or nature of any compensation to any of Landrum&#8217;s officers,
                                         directors or employees, or any class of such persons, relative to the compensation to
                                         the holders of Landrum common stock;</FONT></TD></TR>                                                                                              <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 64; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         effect of the merger or any related transaction on, or the fairness of the consideration
                                         to be received by, holders of any class of securities of Landrum (other than the holders
                                         of Landrum common stock, collectively as a group, solely with respect to the exchange
                                         ratio as described in KBW&#8217;s opinion and not relative to the consideration to be
                                         received by holders of any other class of securities) or holders of any class of securities
                                         of Simmons or any other party to any transaction contemplated by the merger agreement;</FONT></TD></TR>                                                                                                                                                <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         relative fairness of the exchange ratio as between holders of the different classes of
                                         Landrum common stock;</FONT></TD></TR>                                                                               <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">any
                                         adjustment (as provided in the merger agreement) to the exchange ratio assumed for purposes
                                         of KBW&#8217;s opinion;</FONT></TD></TR>                                                                                 <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         actual value of Simmons common stock to be issued in the merger;</FONT></TD></TR>                                                                                                                          <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the
                                         prices, trading range or volume at which Simmons common stock would trade following the
                                         public announcement of the merger or following the consummation of the merger;</FONT></TD></TR>                                                                                                                                        <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">any
                                         advice or opinions provided by any other advisor to any of the parties to the merger
                                         or any other transaction contemplated by the merger agreement; or</FONT></TD></TR>                                                                                                                           <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">any
                                         legal, regulatory, accounting, tax or similar matters relating to Landrum, Simmons, their
                                         respective shareholders, or relating to or arising out of or as a consequence of the
                                         merger or any related transaction, including whether or not the merger would qualify
                                         as a tax-free reorganization for United States federal income tax purposes.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In
performing its analyses, KBW made numerous assumptions with respect to industry performance, general business, economic, market
and financial conditions and other matters, which are beyond the control of KBW, Landrum and Simmons. Any estimates contained
in the analyses performed by KBW are not necessarily indicative of actual values or future results, which may be significantly
more or less favorable than suggested by these analyses. Additionally, estimates of the value of businesses or securities do not
purport to be appraisals or to reflect the prices at which such businesses or securities might actually be sold. Accordingly,
these analyses and estimates are inherently subject to substantial uncertainty. In addition, the KBW opinion was among several
factors taken into consideration by the Landrum board of directors in making its determination to approve the merger agreement
and the merger. Consequently, the analyses described below should not be viewed as determinative of the decision of the Landrum
board of directors with respect to the fairness of the exchange ratio. The type and amount of consideration payable in the merger
were determined through negotiation between Landrum and Simmons and the decision of Landrum to enter into the merger agreement
was solely that of the Landrum board of directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
following is a summary of the material financial analyses presented by KBW to the Landrum board of directors in connection with
its opinion. The summary is not a complete description of the financial analyses underlying the opinion or the presentation made
by KBW to the Landrum board of directors, but summarizes the material analyses performed and presented in connection with such
opinion. The financial analyses summarized below includes information presented in tabular format. The tables alone do not constitute
a complete description of the financial analyses. The preparation of a fairness opinion is a complex analytic process involving
various determinations as to appropriate and relevant methods of financial analysis and the application of those methods to the
particular circumstances. Therefore, a fairness opinion is not readily susceptible to partial analysis or summary description.
In arriving at its opinion, KBW did not attribute any particular weight to any analysis or factor that it considered, but rather
made qualitative judgments as to the significance and relevance of each analysis and factor. Accordingly, KBW believes that its
analyses and the summary of its analyses must be considered as a whole and that selecting portions of its analyses and factors
or focusing on the information presented below in tabular format, without considering all analyses and factors or the full narrative
description of the financial analyses, including the methodologies and assumptions underlying the analyses, could create a misleading
or incomplete view of the process underlying its analyses and opinion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 65; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For
purposes of the financial analyses described below, KBW utilized an implied transaction value for the proposed merger of $637.81
per outstanding share of Landrum common stock, or $433.9 million in the aggregate, based on the 25.502 exchange ratio in the merger
and the closing price of Simmons common stock on July 29, 2019. In addition to the financial analyses described below, KBW reviewed
with the Landrum board of directors for informational purposes, among other things, implied transaction multiples for the proposed
merger (based on the implied transaction value for the merger of $637.81 per outstanding share of Landrum common stock) of 11.5x
Landrum&rsquo;s estimated 2020 earnings per share, or EPS, using financial forecasts and projections provided by Landrum management.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>Simmons
Selected Companies Analyses</I></B><I>.</I> Using publicly available information, KBW compared the financial performance, financial
condition and market performance of Simmons to 14 selected major exchange-traded (defined as the Nasdaq, New York Stock Exchange
and NYSE American) banks which were headquartered in Alabama, Arkansas, Colorado, Florida, Georgia, Illinois, Iowa, Kentucky,
Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina, Tennessee or Texas and had total assets
between $10 billion and $20 billion. Merger targets were excluded from the selected companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
selected companies were as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 85%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BancorpSouth Bank</FONT></td>
    <TD NOWRAP STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Hilltop Holdings Inc.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Cadence Bancorporation</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Trustmark Corporation</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">First Midwest Bancorp, Inc.</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Renasant Corporation</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">CenterState Bank Corporation</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">United Community Banks, Inc.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">South State Corporation</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">International Bancshares Corporation</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Home BancShares, Inc.</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Ameris Bancorp</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Independent Bank Group, Inc.</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Heartland Financial USA, Inc.</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">To
perform this analysis, KBW used profitability and other financial information for the most recent completed fiscal quarter, or
MRQ, or the latest 12 months, or LTM, available or as of the end of such periods and market price information as of July 29, 2019.
KBW also used 2019 and 2020 EPS estimates taken from publicly available consensus &ldquo;street estimates&rdquo; for Simmons and
the 13 selected companies for which consensus &ldquo;street estimates&rdquo; were available. Certain financial data prepared by
KBW, and as referenced in the tables presented below, may not correspond to the data presented in Simmons&rsquo;s historical financial
statements as a result of the different periods, assumptions and methods used by KBW to compute the financial data presented.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW&rsquo;s
analysis showed the following concerning the financial performance of Simmons and the selected companies:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Selected Companies</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Simmons <BR>
First <BR>
National <BR>
Corporation</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>25<SUP>th
<BR>
</SUP>Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average</TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Median</TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>75<SUP>th<BR>
</SUP>Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">MRQ Core Return on Average Assets<SUP>(1)</SUP></FONT></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.43</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.28</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.49</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.52</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.70</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">MRQ Core Return on Average Tangible Common Equity<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">MRQ Net Interest Margin</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.91</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.87</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.01</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.07</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.18</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">MRQ Fee Income / Revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">MRQ Efficiency Ratio</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">53.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">53.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48.7</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Core
                                         income excluded extraordinary items, non-recurring items (including deferred tax asset,
                                         or DTA, revaluations), gains/losses on sale of securities and amortization of intangibles
                                         as calculated by S&amp;P Global Market Intelligence. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 66; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW&rsquo;s
analysis also showed the following concerning the financial condition of Simmons and the selected companies:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Selected Companies</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Simmons <BR>
First <BR>
National <BR>
Corporation</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>25<SUP>th </SUP><BR>
Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average</TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Median</TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>75<SUP>th<BR>
</SUP>Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Tangible Common Equity / Tangible Assets</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">8.5</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">8.6</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">9.9</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">9.5</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">10.2</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Total Capital Ratio</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Loans / Deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">97.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">94.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">88.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">82.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Loan Loss Reserves / Loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.49</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.49</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.70</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.77</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.87</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Nonperforming Assets / Loans + OREO</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.71</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.00</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.82</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.79</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.58</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Net Charge-offs / Average Loans<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.11</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.12</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.11</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.06</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.04</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">For
                                         the most recent completed fiscal quarter available, annualized. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In addition,
KBW&rsquo;s analysis showed the following concerning the market performance of Simmons and, to the extent publicly available,
the selected companies:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Selected Companies</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-bottom: 1pt; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Simmons <BR>
First <BR>
National <BR>
Corporation</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>25<SUP>th </SUP><BR>
Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average</TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Median</TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>75<SUP>th<BR>
</SUP>Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; padding-left: 17.3pt; text-indent: -8.65pt">One-Year Stock Price Change</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(16.6</TD><TD STYLE="width: 1%; text-align: left">%)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(20.9</TD><TD STYLE="width: 1%; text-align: left">%)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(15.2</TD><TD STYLE="width: 1%; text-align: left">%)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(16.5</TD><TD STYLE="width: 1%; text-align: left">%)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(10.0</TD><TD STYLE="width: 1%; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Year-To-Date Stock Price Change</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Price / Tangible Book Value per Share</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.68</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.61</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.79</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.84</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.00</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Price / LTM Core EPS<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.3</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.8</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.6</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.5</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.4</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Price / 2019E EPS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.2</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.1</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.0</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.7</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.7</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Price / 2020E EPS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.1</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.6</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.4</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.4</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.2</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Dividend Yield</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">MRQ Dividend Payout Ratio</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">27.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30.3</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32.2</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Core
                                         income excluded extraordinary items, non-recurring items (including DTA revaluations),
                                         gains/losses on sale of securities and amortization of intangibles as calculated by S&amp;P
                                         Global Market Intelligence. </FONT></TD></TR>                                                                                      <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
company used as a comparison in the above selected companies analysis is identical to Simmons. Accordingly, an analysis of these
results is not mathematical. Rather, it involves complex considerations and judgments concerning differences in financial and
operating characteristics of the companies involved.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>Landrum
Selected Companies Analyses</I></B><I>.</I> Using publicly available information, KBW compared the financial performance and financial
condition of Landrum to 16 selected major exchange-traded banks and thrifts which were headquartered in Arkansas, Illinois, Kansas,
Missouri, Oklahoma or Texas and had total assets between $1 billion and $6 billion. Merger targets were excluded from the selected
companies. KBW also reviewed the market performance of the selected companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 67; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
selected companies were as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 85%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Midland States Bancorp,
    Inc.</FONT></td>
    <TD NOWRAP STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">CBTX, Inc.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Byline Bancorp, Inc.</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">South Plains Financial, Inc.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">QCR Holdings, Inc.</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Old Second Bancorp, Inc.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Great Southern Bancorp, Inc.</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Guaranty Bancshares, Inc.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Allegiance Bancshares, Inc.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Triumph Bancorp, Inc.</FONT></P></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Southern Missouri Bancorp,
        Inc.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Spirit of Texas Bancshares,
        Inc.</FONT></P></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Equity Bancshares, Inc.</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BankFinancial Corporation</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">First Mid Bancshares, Inc.</FONT></td>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Hawthorn Bancshares, Inc.</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">To
perform this analysis, KBW used profitability and other financial information for the most recent completed fiscal quarter or
the latest 12 months available or as of the end of such periods and market price information as of July 29, 2019. KBW used 2019
and 2020 EPS estimates taken from publicly available consensus &ldquo;street estimates&rdquo; for the 15 selected companies for
which consensus &ldquo;street estimates&rdquo; were available. Certain financial data prepared by KBW, and as referenced in the
tables presented below, may not correspond to the data presented in Landrum&rsquo;s historical financial statements as a result
of the different periods, assumptions and methods used by KBW to compute the financial data presented.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW&rsquo;s
analysis showed the following concerning the financial performance of Landrum and the selected companies:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Selected Companies</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">The<BR>
    Landrum <BR>
    Company</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>25<SUP>th </SUP><BR>
Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average</TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Median</TD><TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>75<SUP>th<BR>
</SUP>Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">MRQ Core Return on Average Assets<SUP>(1)</SUP></FONT></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.00</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.02</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.18</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.23</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.36</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">MRQ Core Return on Average Tangible Common Equity<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.4</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">MRQ Net Interest Margin</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.59</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.02</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.82</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.45</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">MRQ Fee Income / Revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.9</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">MRQ Efficiency Ratio</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">68.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">67.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">62.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">58.4</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Core
                                         income excluded extraordinary items, non-recurring items (including DTA revaluations),
                                         gains/losses on sale of securities and amortization of intangibles as calculated by S&amp;P
                                         Global Market Intelligence. </FONT></TD></TR>                                                                                      <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">KBW&rsquo;s
analysis also showed the following concerning the financial condition of Landrum and the selected companies:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Selected Companies</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">The <BR>
    Landrum <BR>
    Company</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>25<SUP>th </SUP><BR>
Percentile</B></FONT></TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average</TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Median</TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>75<SUP>th<BR>
</SUP>Percentile</B></FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Tangible Common Equity / Tangible Assets</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">7.5</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">8.4</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">9.7</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">9.9</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">10.4</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Total Capital Ratio</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Loans / Deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">69.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">99.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">94.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Loan Loss Reserves / Loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.15</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.68</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.87</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.93</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.03</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Nonperforming Assets / Loans + OREO</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.83</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.25</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.06</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.97</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.58</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Net Charge-offs / Average Loans</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.06</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.20</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.17</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.08</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.02</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 68; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In addition,
KBW&rsquo;s analysis showed the following, to the extent publicly available, concerning the market performance of the selected
companies:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Selected Companies</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>25<SUP>th </SUP><BR>
Percentile</B></FONT></TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average</TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Median</TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>75<SUP>th<BR>
</SUP>Percentile</B></FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; padding-left: 17.3pt; text-indent: -8.65pt">One-Year Stock Price Change</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(18.0</TD><TD STYLE="width: 1%; text-align: left">%)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(12.3</TD><TD STYLE="width: 1%; text-align: left">%)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(16.0</TD><TD STYLE="width: 1%; text-align: left">%)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">(2.0</TD><TD STYLE="width: 1%; text-align: left">%)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Year-To-Date Stock Price Change</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.5</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.4</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Price / Tangible Book Value per Share</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.40</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.51</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.49</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.65</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Price / LTM Core EPS<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.0</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.9</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.7</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.5</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Price / 2019E EPS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.0</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.9</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.5</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.5</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Price / 2020E EPS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.5</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.6</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.3</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.4</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Dividend Yield</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">MRQ Dividend Payout Ratio</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26.7</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Core
                                         income excluded extraordinary items, non-recurring items (including DTA revaluations),
                                         gains/losses on sale of securities and amortization of intangibles as calculated by S&amp;P
                                         Global Market Intelligence.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
company used as a comparison in the above selected companies analysis is identical to Landrum. Accordingly, an analysis of these
results is not mathematical. Rather, it involves complex considerations and judgments concerning differences in financial and
operating characteristics of the companies involved.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>Select
Transactions Analysis</I></B><I>.</I> KBW reviewed publicly available information related to nine selected U.S. whole bank and
non-mutual thrift transactions announced in the last twelve months with announced transaction values between $250 million and
$800 million. Terminated transactions were excluded from the selected transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
selected transactions were as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 85%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><U>Acquiror</U></B></FONT></td>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><U>Acquired
    Company</U></B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">WesBanco,
    Inc.</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Old
    Line Bancshares, Inc.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">People&rsquo;s
    United Financial, Inc.</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">United
    Financial Bancorp, Inc.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Valley
    National Bancorp</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Oritani
    Financial Corp.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Ameris
    Bancorp</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fidelity
    Southern Corporation</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">People&rsquo;s
    United Financial, Inc.</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BSB
    Bancorp, Inc.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">First
    Merchants Corporation</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">MBT
    Financial Corp.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Union
    Bankshares Corporation</FONT></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Access
    National Corporation </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Independent Bank Corp.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">First Busey Corporation</FONT></P></td>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Blue Hills Bancorp, Inc.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Banc Ed Corp.</FONT></P></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For
each selected transaction, KBW derived the following implied transaction statistics, in each case based on the transaction consideration
value paid for the acquired company and using financial data based on the acquired company&rsquo;s then latest publicly available
financials prior to the announcement of the respective transaction and, to the extent then publicly available, EPS consensus &ldquo;street
estimates&rdquo; for the current calendar year at the time of the announcement of the respective transaction:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 45pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 18pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Price
                                         per common share to tangible book value per share of the acquired company (in the case
                                         of selected transactions involving a private acquired company, this transaction statistic
                                         was calculated as total transaction consideration divided by total tangible common equity);</FONT></TD></TR>                                                                                                                                                     <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 69; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 45pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 18pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Price
                                         per common share to LTM EPS of the acquired company (in the case of selected transactions
                                         involving a private acquired company, this transaction statistic was calculated as total
                                         transaction consideration divided by LTM earnings);</FONT></TD></TR>                                                                                                             <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 45pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 18pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Price
                                         per common share to current calendar year EPS of the acquired company in the seven selected
                                         transactions in which consensus &#8220;street estimates&#8221; for the acquired company
                                         were then available; and</FONT></TD></TR>                                                                                  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 45pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 18pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Tangible
                                         equity premium to core deposits (total deposits less time deposits greater than $100,000)
                                         of the acquired company, referred to as core deposit premium.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
resulting transaction multiples and core deposit premiums for the selected transactions were compared with the corresponding transaction
multiples and core deposit premiums for the proposed merger based on the implied transaction value for the merger of $637.81 per
outstanding share of Landrum common stock and using historical financial information for Landrum as of or through June 30, 2019
and financial forecasts and projections relating to the calendar year 2019 net income of Landrum provided by Landrum management.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
results of the analysis are set forth in the following table:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center">&nbsp;</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Selected Transactions</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-left: 8.65pt; text-indent: -8.65pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons <BR>
First <BR>
National <BR>
Corporation /</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>The
                             <BR>
                             Landrum <BR>
                             Company<U> </U></B></FONT></P></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>25<SUP>th </SUP><BR>
Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Median</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Average</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>75<SUP>th<BR>
</SUP>Percentile</B></FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; padding-left: 17.3pt; text-indent: -8.65pt">Price / Tangible Book Value per Share</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.75</TD><TD STYLE="width: 1%; text-align: left">x</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.60</TD><TD STYLE="width: 1%; text-align: left">x</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.77</TD><TD STYLE="width: 1%; text-align: left">x</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.78</TD><TD STYLE="width: 1%; text-align: left">x</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">1.81</TD><TD STYLE="width: 1%; text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">Price / LTM EPS<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.1</TD><TD STYLE="text-align: left; white-space: nowrap">x<SUP>(2)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.2</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.2</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.1</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19.2</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Price / Current Calendar Year EPS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.2</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.9</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.7</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.6</TD><TD STYLE="text-align: left">x</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17.4</TD><TD STYLE="text-align: left">x</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Core Deposit Premium</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.8</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.2</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.6</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15.5</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">LTM
                                         EPS adjusted for revaluation of Deferred Tax Asset and Deferred Tax Liability, or DTA/DTL,
                                         due to the Tax Cuts and Jobs Act of 2017 per S&amp;P Global Market Intelligence where
                                         applicable. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">LTM
                                         core EPS of Landrum adjusted to exclude impact of FAS 91 implementation and gain on sale
                                         of VISA stock.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
company or transaction used as a comparison in the above selected transaction analysis is identical to Landrum or the proposed
merger. Accordingly, an analysis of these results is not mathematical. Rather, it involves complex considerations and judgments
concerning differences in financial and operating characteristics of the companies involved.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>Relative
Contribution Analysis</I></B>. KBW analyzed the relative standalone contribution of Simmons and Landrum to various pro forma balance
sheet and income statement items and the combined market capitalization of the combined entity. This analysis did not include
purchase accounting adjustments or cost savings. To perform this analysis, KBW used (i) balance sheet and income statement data
for Simmons and Landrum as of or for the 12 month period ended June 30, 2019, (ii) 2019 and 2020 net income consensus &ldquo;street
estimates&rdquo; for Simmons, and (iii) financial forecasts and projections relating to the net income of Landrum provided by
Landrum management. The results of KBW&rsquo;s analysis are set forth in the following table, which also compares the results
of KBW&rsquo;s analysis with the implied pro forma ownership percentages of Simmons and Landrum common shareholders in the combined
company based on the 25.502 exchange ratio in the merger:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 70; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-left: 8.65pt; text-indent: -8.65pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons
</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>First </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>National </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Corporation<BR>
% of Total</B></FONT></P></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">The <BR>
Landrum <BR>
Company <BR>% of Total</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; padding-left: 17.3pt; text-indent: -8.65pt">Pro Forma Ownership:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">At 25.502 Exchange Ratio</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">85</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">15</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Balance Sheet:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">84</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Gross Loans Held for Investment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 17.3pt; text-indent: -8.65pt">Deposits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">82</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Tangible Common Equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">85</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">Income Statement:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt"><FONT STYLE="font-size: 10pt">LTM Core Net Income<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">2019E GAAP Net Income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">88</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 17.3pt; text-indent: -8.65pt">2020E GAAP Net Income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">86</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">LTM
                                         core net income of Landrum adjusted to exclude impact of FAS 91 implementation and gain
                                         on sale of VISA stock. </FONT></TD></TR>                                                                                 <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>Forecasted
Pro Forma Financial Impact Analysis</I></B><I>. </I>KBW performed a pro forma financial impact analysis that combined projected
income statement and balance sheet information of Simmons and Landrum. Using (i) closing balance sheet estimates as of September
30, 2019 for Simmons and Landrum provided by Simmons management or Landrum management, (ii) publicly available consensus &ldquo;street
estimates&rdquo; for Simmons and assumed long-term growth rates for Simmons provided by Landrum management, (iii) financial forecasts
and projections relating to the net income of Landrum provided by Landrum management, and (iv) pro forma assumptions (including,
without limitation, the cost savings and related expenses expected to result from the merger and certain accounting adjustments
and restructuring charges assumed with respect thereto) provided by Simmons management, KBW analyzed the potential financial impact
of the merger on certain projected financial results of Simmons. This analysis indicated the merger could be accretive to Simmons&rsquo;s
estimated 2020 EPS and estimated 2021 EPS and dilutive to Simmons&rsquo;s estimated tangible book value per share as of September
30, 2019. Furthermore, the analysis indicated that, pro forma for the merger, each of Simmons&rsquo; tangible common equity to
tangible assets ratio, Tier 1 Leverage Ratio, Common Equity Tier 1 Ratio, Tier 1 Risk-Based Capital Ratio and Total Risk Based
Capital Ratio as of September 30, 2019 could be lower. For all of the above analysis, the actual results achieved by Simmons following
the merger may vary from the projected results, and the variations may be material.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>Landrum
Discounted Cash Flow Analysis</I></B><I>.</I> KBW performed a discounted cash flow analysis of Landrum to estimate a range for
the implied equity value of Landrum. In this analysis, KBW used financial forecasts and projections relating to the net income
and assets of Landrum provided by Landrum management, and assumed discount rates ranging from 8.0% to 12.0%. The range of values
was derived by adding (i) the present value of the estimated excess cash flows that Landrum could generate over the period from
September 30, 2019 to December 31, 2023 as a standalone company and (ii) the present value of Landrum&rsquo;s implied terminal
value at the end of such period. KBW assumed that Landrum would maintain a tangible common equity to tangible asset ratio of 8.00%
and would retain sufficient earnings to maintain that level. In calculating the terminal value of Landrum, KBW applied a range
of 9.0x to 13.0x Landrum estimated 2024 earnings. This discounted cash flow analysis resulted in a range of implied values per
share of Landrum common stock of $490.88 to $757.30, as compared to the implied transaction value for the merger of $637.81 per
outstanding share of Landrum common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
discounted cash flow analysis is a widely used valuation methodology, but the results of such methodology are highly dependent
on the assumptions that must be made, including asset and earnings growth rates, terminal values, dividend payout rates, and discount
rates. The foregoing discounted cash flow analysis did not purport to be indicative of the actual values or expected values of
Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I></I></B></FONT></P>

<!-- Field: Page; Sequence: 71; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>Simmons
Standalone Discounted Cash Flow Analysis</I></B><I>.</I> KBW performed a discounted cash flow analysis of Simmons to estimate
a range for the implied equity value of Simmons. In this analysis, KBW used publicly available consensus &ldquo;street estimates&rdquo;
of Simmons and assumed long-term growth rates for Simmons provided by Landrum management, and assumed discount rates ranging from
8.0% to 12.0%. The range of values was derived by adding (i) the present value of the estimated excess cash flows that Simmons
could generate over the period from September 30, 2019 to December 31, 2023 as a standalone company, and (ii) the present value
of Simmons&rsquo; implied terminal value at the end of such period. KBW assumed that Simmons would maintain a tangible common
equity to tangible asset ratio of 8.00% and would retain sufficient earnings to maintain that level. In calculating the terminal
value of Simmons, KBW applied a range of 9.0x to 13.0x Simmons estimated 2024 earnings. This discounted cash flow analysis resulted
in a range of implied values per share of Simmons common stock of $25.60 per share to $38.47 per share.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
discounted cash flow analysis is a widely used valuation methodology, but the results of such methodology are highly dependent
on the assumptions that must be made, including asset and earnings growth rates, terminal values, dividend payout rates, and discount
rates. The foregoing discounted cash flow analysis did not purport to be indicative of the actual values or expected values of
Simmons or the pro forma combined company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>Pro
Forma Discounted Cash Flow Analysis</I></B><I>.</I> Using the same information and assumptions as was used to perform the discounted
cash flow analyses of Landrum and Simmons described above, KBW then performed a pro forma discounted cash flow analysis of Landrum
and Simmons on a combined basis (either including or excluding the cost savings and related expenses expected to result from the
merger) and compared the resulting two ranges for the implied pro forma equity value of the combined company attributable to a
share of Landrum common stock based on the 25.502 exchange ratio in the merger with the range which resulted from the foregoing
discounted cash flow analysis of Landrum. The ranges resulting from the pro forma discounted cash flow analysis were either within
or above the range of implied values per share of Landrum common stock of $490.88 to $757.30 which resulted from the foregoing
discounted cash flow analysis of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>Miscellaneous</I>.
</B>KBW acted as financial advisor to Landrum and not as an advisor to or agent of any other person. As part of its investment
banking business, KBW is continually engaged in the valuation of bank and bank holding company securities in connection with acquisitions,
negotiated underwritings, secondary distributions of listed and unlisted securities, private placements and valuations for various
other purposes. As specialists in the securities of banking companies, KBW has experience in, and knowledge of, the valuation
of banking enterprises. KBW and its affiliates, in the ordinary course of its and their broker-dealer businesses (and further
to existing sales and trading relationships between a KBW broker-dealer affiliate and each of Landrum and Simmons), may from time
to time purchase securities from, and sell securities to, Landrum and Simmons. In addition, as a market maker in securities, KBW
and its affiliates may from time to time have a long or short position in, and buy or sell, debt or equity securities of Simmons
for its and their own respective accounts and for the accounts of its and their respective customers and clients. KBW employees
may also from time to time maintain individual positions in Simmons. As Landrum was previously informed by KBW, such positions
currently include an individual position in shares of Simmons Common Stock held by a senior member of the KBW advisory team providing
services to Landrum in connection with the proposed merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Pursuant
to the KBW engagement agreement, Landrum agreed to pay KBW a total cash fee equal to 1.00% of the aggregate merger consideration,
$500,000 of which became payable to KBW with the rendering of its opinion and the balance of which is contingent upon the closing
of the merger. Landrum also agreed to reimburse KBW for reasonable out-of-pocket expenses and disbursements incurred in connection
with its retention and to indemnify KBW against certain liabilities relating to or arising out of KBW&rsquo;s engagement or KBW&rsquo;s
role in connection therewith. Other than in connection with the present engagement, during the two years preceding the date of
its opinion, KBW did not provide investment banking or financial advisory services to Landrum. During the two years preceding
the date of its opinion, KBW provided investment banking and financial advisory </FONT></P>

<!-- Field: Page; Sequence: 72; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt">services to Simmons and received compensation
for such services. KBW acted as joint bookrunner in Simmons&rsquo; March 2018 registered offering of subordinated notes and financial
advisor to Simmons in connection with its April 2019 acquisition of Reliance Bancshares, Inc. KBW may in the future provide investment
banking and financial advisory services to Landrum or Simmons and receive compensation for such services.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a037"></A>Certain
Unaudited Prospective Financial Information</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
and Landrum do not as a matter of course make public projections as to future performance, revenues, earnings or other financial
results due to, among other reasons, the inherent uncertainty of the underlying assumptions and estimates of any such projections.
However, Landrum is including in this proxy statement/prospectus certain unaudited prospective financial information that was
made available by Landrum to KBW for the purpose of KBW performing its financial analysis in connection with rendering its opinion
to the Landrum board of directors, as described in this proxy statement/prospectus under the section entitled &ldquo;&mdash;Opinion
of Landrum&rsquo;s Financial Advisor.&rdquo; This unaudited prospective financial information was prepared solely by Landrum management
and was not prepared, provided to, reviewed or approved by Simmons management or the Simmons board of directors. By inclusion
of this information, the respective managements and boards of directors of Simmons and Landrum and Landrum&rsquo;s financial
advisor, assume no responsibility for the unaudited prospective financial information. The inclusion of this information should
not be regarded as an indication that any of Simmons, Landrum, KBW, their respective representatives or any other recipient of
this information considered, or now considers, it to be necessarily predictive of actual future results, or that it should be
construed as financial guidance, and it should not be relied on as such.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
information was prepared solely by Landrum management for internal use and is subjective in many respects. While presented with
numeric specificity, the unaudited prospective financial information reflects numerous estimates and assumptions made solely by
Landrum management with respect to business, economic, market, competition, regulatory and financial conditions and matters specific
to Simmons&rsquo; and Landrum&rsquo;s respective businesses, all of which are difficult to predict and many of which are beyond
Simmons&rsquo; and Landrum&rsquo;s control. The unaudited prospective financial information reflects both assumptions solely by
Landrum management as to certain business decisions that are subject to change and, in many respects, subjective judgment solely
by Landrum management, and thus is susceptible to multiple interpretations and periodic revisions based on actual experience and
business developments. No assurance can be given that the unaudited prospective financial information and the underlying estimates
and assumptions will be realized. Actual results may differ materially from those set forth below, and important factors that
may affect actual results and cause the unaudited prospective financial information to be inaccurate include, but are not limited
to, risks and uncertainties relating to Simmons&rsquo; and Landrum&rsquo;s respective businesses, industry performance, general
business and economic conditions, competition, customer requirements and adverse changes in applicable laws, regulations or rules.
For other factors that could cause actual results to differ, see the sections entitled &ldquo;Risk Factors&rdquo; and &ldquo;Cautionary
Statement Regarding Forward-Looking Statements&rdquo; and in Simmons&rsquo; Annual Reports on Form 10-K for the fiscal year ended
December 31, 2018 and the other reports filed by Simmons with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
unaudited prospective financial information was not prepared by Landrum management with a view toward public disclosure, nor was
it prepared with a view toward compliance with GAAP, the prevailing practices in the banking industry, published guidelines of
the SEC or the guidelines established by the American Institute of Certified Public Accountants for preparation and presentation
of prospective financial information. In addition, the unaudited prospective financial information requires significant estimates
and assumptions that make it inherently less comparable to the similarly titled GAAP measures in Simmons&rsquo; and Landrum&rsquo;s
respective historical GAAP financial statements. Neither Simmons&rsquo; nor Landrum&rsquo;s independent public accountants nor
any other independent accountants, have compiled, examined or performed any procedures with respect to the unaudited prospective
financial information contained herein, nor have they expressed any opinion or any other form of assurance on such information
or its achievability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 73; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Furthermore,
the unaudited prospective financial information does not take into account any circumstances or events occurring after the date
it was prepared. No assurance can be given that, had the unaudited prospective financial information been prepared as of the date
of this proxy statement/prospectus, similar estimates and assumptions would be used. Neither Simmons nor Landrum intends to, and
expressly disclaims any obligation to, make publicly available any update or other revision to the unaudited prospective financial
information to reflect circumstances existing since their preparation or to reflect the occurrence of unanticipated events, even
in the event that any or all of the underlying assumptions are shown to be in error, or to reflect changes in general economic
or industry conditions. The unaudited prospective financial information does not take into account the possible financial and
other effects on Simmons or Landrum of the merger and does not attempt to predict or suggest future results of the surviving company.
The unaudited prospective financial information does not give effect to the merger, including the impact of negotiating or executing
the merger agreement, the expenses that may be incurred in connection with consummating the merger, the potential synergies that
may be achieved by the surviving company as a result of the merger, the effect on Simmons or Landrum of any business or strategic
decision or action that has been or will be taken as a result of the merger agreement having been executed, or the effect of any
business or strategic decisions or actions that would likely have been taken if the merger agreement had not been executed, but
which were instead altered, accelerated, postponed or not taken in anticipation of the merger. Further, the unaudited prospective
financial information does not take into account the effect on Landrum of any possible failure of the merger to occur.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">None
of Simmons, Landrum, KBW, or their respective affiliates, officers, directors, advisors or other representatives has made, makes
or is authorized in the future to make any representation to any shareholder of Simmons or Landrum or other persons regarding
Simmons&rsquo; or Landrum&rsquo;s ultimate performance compared to the information contained in the unaudited prospective financial
information or that the projected results will be achieved. The summary of the unaudited prospective financial information included
below is not being included to influence your decision whether to vote for the merger proposal, but is being provided solely because
it was made available to KBW in connection with the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In
light of the foregoing, and considering that the Landrum special meeting will be held many months after the unaudited prospective
financial information was prepared, as well as the uncertainties inherent in any forecasted information, Landrum shareholders
are cautioned not to place unwarranted reliance on such information, and all Landrum shareholders are urged to review the other
information contained elsewhere in this proxy statement/prospectus for a description of Simmons&rsquo; and Landrum&rsquo;s respective
businesses as well as Simmons&rsquo; most recent SEC filings for a description of Simmons&rsquo; reported financial results. See
the section entitled &ldquo;Where You Can Find More Information.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
following tables present selected unaudited prospective financial data of Landrum and Simmons prepared solely by Landrum
management and approved for KBW's use by the Landrum board of directors for KBW&rsquo;s financial analysis in connection with
rendering its opinion to the Landrum board of directors, as described in in this proxy statement/prospectus under the section
entitled &ldquo;&mdash;Opinion of Landrum&rsquo;s Financial Advisor.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="18" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of or For the Years Ended December 31,</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2021</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2022</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2023</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; text-align: left">Landrum Net Income ($ millions)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">32.7</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">37.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">39.4</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">41.4</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">43.5</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Landrum Total Assets ($ billions)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.8</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4.0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Assumed Long-Term Growth Rates <BR>
for Landrum</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%">Earnings (%)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: right; vertical-align: middle">&nbsp;5</TD><TD STYLE="width: 4%; text-align: left; vertical-align: middle">%&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Total Assets (%)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: middle">&nbsp;5</TD><TD STYLE="text-align: left; vertical-align: middle">%&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 74; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Assumed Long-Term Growth Rates <BR>
for Simmons</TD><TD STYLE="white-space: nowrap; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%">Earnings (%)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: right; vertical-align: middle">&nbsp;7</TD><TD STYLE="width: 4%; text-align: left; vertical-align: middle">%</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Total Assets (%)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: middle">&nbsp;7</TD><TD STYLE="text-align: left; vertical-align: middle">%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a038"></A>Simmons&rsquo;
Reasons for the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In reaching
its decision to approve and adopt the merger agreement, the merger and the other transactions contemplated by the merger agreement,
the Simmons board of directors evaluated the merger agreement and the merger in consultation with Simmons&rsquo; management, as
well as Simmons&rsquo; financial and legal advisors, and considered a number of factors, including, without limitation, the following
material factors, which are not presented in order of priority:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 23px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">each of Simmons&rsquo;,
    Landrum&rsquo;s and the combined company&rsquo;s business, operations, financial condition, asset quality, earnings and prospects;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the fact that Landrum&rsquo;s
    business and operations complement those of Simmons and that the merger would result in a combined company with a diversified
    revenue stream from diversified geographic markets, a well-balanced portfolio and an attractive funding base;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 23px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">its existing knowledge
    of Landrum&rsquo;s business and its review and discussions with Simmons&rsquo; management concerning the additional due diligence
    examination of Landrum conducted in connection with the merger;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">the
perceived complementary nature of the cultures of the two companies, which Simmons&rsquo; management believes should facilitate
integration and implementation of the merger;</FONT></P></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">the
complementary branch networks of Simmons and Landrum;</FONT></P></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Landrum&rsquo;s market position
        within the Missouri, Oklahoma, and Texas banking markets;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">its understanding
    of the current and prospective environment in which Simmons and Landrum operate, including national, regional and local economic
    conditions, the competitive environment for financial institutions generally and the likely effect of these factors on Simmons
    both with and without the merger;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the market for alternative
    merger or acquisition transactions in the financial services industry and the likelihood and timing of other material strategic
    transactions;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the terms of the
    merger agreement, including the merger consideration, expected tax treatment, deal protection and termination fee provisions,
    which the Simmons board of directors reviewed with Simmons&rsquo; management and Simmons&rsquo; financial and legal advisors;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons&rsquo; successful
    operating and acquisition track record, specifically Simmons&rsquo; history of efficiently closing and integrating acquisitions;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">its belief that the
    merger is likely to provide substantial value to Simmons shareholders;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the potential risks
    associated with achieving anticipated cost synergies and savings and successfully integrating Landrum&rsquo;s business, operations
    and workforce with those of Simmons;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 75; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 23px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the potential risk
    of diverting management attention and resources from the operation of Simmons&rsquo; business and towards the completion of
    the merger;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">certain anticipated
    merger-related costs;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the regulatory and
    other approvals required in connection with the merger and the expectation that such regulatory approvals will be received
    in a timely manner and without the imposition of unacceptable conditions, including a burdensome condition;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the potential risk
    of losing other acquisition opportunities while Simmons remains focused on completing the merger; and</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the nature and amount
    of payments and other benefits to be received by Landrum management in connection with the merger.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The foregoing
discussion of the information and factors considered by the Simmons board of directors is not intended to be exhaustive, but,
rather, includes the material factors considered by the Simmons board of directors. In reaching its decision to approve and adopt
the merger agreement, the merger and the other transactions contemplated by the merger agreement, the Simmons board of directors
did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights
to different factors. The Simmons board of directors considered all these factors as a whole, and overall considered the factors
to be favorable to, and to support, its determination to approve and adopt the merger agreement and the transactions contemplated
thereby, including the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This explanation
of the Simmons board of directors&rsquo; reasoning and all other information presented in this section is forward-looking in nature
and, therefore, should be read in light of the factors discussed under the heading &ldquo;Cautionary Statement Regarding Forward-Looking
Statements.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a039"></A>Management
and Board of Directors of Simmons After the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The directors
and officers of Simmons immediately prior to the effective time will serve as the directors and officers of the surviving corporation
from and after the effective time in accordance with the bylaws of the surviving corporation. Information about the current members
of the Simmons board of directors can be found in the documents listed under the section entitled &ldquo;Where You Can Find More
Information.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a040"></A>Interests
of Landrum&rsquo;s Directors and Executive Officers in the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In considering
the recommendation of the Landrum board of directors that Landrum Class A shareholders vote <B>&ldquo;FOR&rdquo;</B> the merger
proposal, Landrum Class A shareholders should be aware that some of Landrum&rsquo;s executive officers and directors have interests
in the merger, which may be considered to be different from, or in addition to, the interests of the Landrum shareholders generally.
These interests are described below. The Landrum board of directors was aware of these interests and considered them, among other
matters, in reaching its decision to approve the merger agreement, the merger and the other transactions contemplated by the merger
agreement and to recommend that Landrum Class A shareholders vote <B>&ldquo;FOR&rdquo;</B> the merger proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Employment
Agreements</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Five
executive officers of Landrum are party to employment agreements with Landrum: Kevin Gibbens, Stephen Guthrie, Sabrina McDonnell,
Shon Aguero, and Logan Dale. Under their employment agreements with Landrum, the merger would constitute a change in control,
as defined in their employment agreements. Without a change in control, these five executives are entitled to certain defined
severance benefits if they are terminated by Landrum without cause, as cause is defined in their employment agreements.
In the event of termination (without a change in control), each of the five executives would be entitled to receive compensation
equal to 1.5 times </FONT></P>

<!-- Field: Page; Sequence: 76; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt">the sum of: (a) the executive&rsquo;s base compensation in effect as of the date of termination, plus (b) the
average bonus awarded for the two calendar years preceding the year of termination. In addition, each executive would be entitled
to receive 18 months of continued health coverage, transfer of title of the employee&rsquo;s company car, and 18 months continued
payment of club dues.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Upon
termination of employment within two years after the occurrence of a change in control, the severance benefits for the
five executive officers are increased and those benefits become available (i) if the executive suffers an involuntary termination
without cause or (ii) if the executive terminates employment for good reason, as defined in the employment agreements. Good reason
includes suffering a material diminution of authority, duties, responsibilities, or of base pay. After following certain procedures
and allowing the acquirer to cure the good reason, each executive may voluntarily terminate his or her employment and receive
full severance benefits and would be entitled to the following increased severance benefits: compensation equal to two times the
sum of: (a) the executive&rsquo;s base compensation in effect as of the date of termination, plus (b) the average bonus awarded
for the two calendar years preceding the year of termination. In addition, each executive would be entitled to receive 18 months
of continued health coverage, transfer of title of the employee&rsquo;s company car, and 18 months continued payment of club dues.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If the executives
are employed by Simmons following the completion of the merger, they would not be entitled to severance benefits under their employment
agreements with Landrum solely as a result of the merger. As of the date of this proxy statement/prospectus, Kevin Gibbens
has been offered employment by Simmons as an Executive Vice President. His offer letter provides for (i) $432,600 in base pay,
(ii) a cash incentive bonus worth 25% of base pay at target, with the opportunity of up to 200% of target, commencing in 2020,
(iii) an equity incentive award of 25% of base pay at target, with 50% of the grant in the form of restricted stock units and
50% in the form of performance stock units that include an opportunity for payment of up to 200% of target, and other benefits.
Mr. Gibbens will also receive an equity grant of restricted stock units valued at $600,000 (vesting over three years) as a sign-on
incentive. Under the terms of his employment with Simmons, Mr. Gibbens will be entitled to severance benefits as described above
only if, within two years of the merger, he is terminated without cause or if he elects to terminate his employment after
a diminution in base pay, but Mr. Gibbens could not trigger severance benefits for diminished authority, duties, or responsibility.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
will also act to trigger payments to these five executive officers (and others) under the Landrum equity participation plan and
the Landrum long-term incentive plan. The amounts of the cash payments will not be affected by the merger, but the timing of the
payments will be accelerated<I>.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Incentive
Plans</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
change in control will trigger the commencement of payments under the Landrum Equity Participation Plan and will also trigger
the pay out of the Landrum Long Term Incentive Plan on a pro rata basis based on the most recent quarter when the change in control
occurs. Subject to compliance with applicable law, pursuant to the Landrum Equity Participation Plan, Simmons has the ability
to terminate the plan and pay out the amounts under the plan immediately following termination of the plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Indemnification
</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
agreement provides that, for a period of six years after the effective time, Simmons will indemnify, defend and hold harmless
each of the present and former directors or officers of Landrum and its subsidiaries against all liabilities arising out of actions
or omissions arising out of such person&rsquo;s services as director or officers of Landrum, or at Landrum&rsquo;s request, of
another corporation, partnership, joint venture, trust or other enterprise, occurring at or prior to the effective time to the
fullest extent permitted under the Landrum charter and the Landrum bylaws in effect on the date of the merger agreement (subject
to applicable law), including provisions relating to the advancement of expenses incurred in the defense of any litigation, provided
that, in the case of an advancement of expenses, any indemnified party to whom expenses are advanced provides a written undertaking
to repay such advances if it is ultimately determined that such indemnified party is not entitled to indemnification.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 77; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->67<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a041"></A>Regulatory
Approvals Required for the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The completion
of the merger is subject to prior receipt of certain approvals and consents required to be obtained from applicable governmental
and regulatory authorities. These approvals include approval from, among others, the Federal Reserve.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Subject
to the terms of the merger agreement, both Simmons and Landrum have agreed to cooperate with each other and use their reasonable
best efforts to prepare all documentation, to effect all applications, notices, petitions and filings, and to obtain all permits
and consents of all regulatory authorities and third parties that are necessary or advisable to consummate the transactions contemplated
by the merger agreement, including the merger. Simmons and Landrum have filed applications and notifications to obtain the required
regulatory approvals, consents and waivers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
of Landrum with and into Simmons requires the approval of the Federal Reserve under the BHC Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Although
neither Simmons nor Landrum knows of any reason why the parties cannot obtain regulatory approvals required to consummate the
merger in a timely manner, Simmons and Landrum cannot be certain of when or if such approvals will be obtained.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The U.S.
Department of Justice, or the DOJ, has between 15 and 30 days following approval of the merger by the Federal Reserve to challenge
the approval on antitrust grounds. While Simmons and Landrum do not know of any basis on which the DOJ would challenge regulatory
approval by the Federal Reserve and believe that the likelihood of such action is remote, there can be no assurance that the DOJ
will not initiate such a proceeding, or if such a proceeding is initiated, as to the result of any such challenge.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notifications
and/or applications requesting approval may be submitted to various other federal and state regulatory authorities and self-regulatory
organizations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The approval
of any notice or application merely implies satisfaction of regulatory criteria for approval, and does not include review of the
merger from the standpoint of the adequacy of the consideration to be received by, or fairness to, shareholders. Regulatory approval
does not constitute an endorsement or recommendation of the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
and Landrum are not aware of any material regulatory approvals or actions that are required prior to the completion of the merger
other than those described in this proxy statement/prospectus. If any additional regulatory approvals or actions are required
other than those described in this proxy statement/prospectus, Simmons and Landrum presently intend to seek those approvals or
actions. However, Simmons and Landrum cannot assure you that any of these additional approvals or actions will be obtained.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a042"></A>Accounting
Treatment</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
will be accounted for as an acquisition by Simmons using the acquisition method of accounting in accordance with FASB ASC Topic
805, &ldquo;Business Combinations.&rdquo; The result of this is that (1) the recorded assets and liabilities of Simmons will be
carried forward at their recorded amounts, (2) Simmons historical operating results will be unchanged for the prior periods being
reported on, and (3) the assets and liabilities of Landrum will be adjusted to fair value at the date Simmons assumes control
of the combined entity, or the merger date. In addition, all identifiable intangibles will be recorded at fair value and included
as part of the net assets acquired. The amount by which the purchase price, consisting of the value of shares of Simmons stock
to be issued to former Landrum shareholders, exceeds the fair value of the net assets including identifiable intangibles of Landrum
at the merger date will be reported as goodwill. In accordance with current accounting guidance, goodwill is not amortized and
will be evaluated for impairment at least annually. Identified intangibles will be amortized over their estimated lives. Further,
the acquisition method of accounting results in the operating results of Landrum being included in the operating results of Simmons
from the closing date going forward.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 78; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a043"></A>Public
Trading Market</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
common stock is listed on Nasdaq under the symbol &ldquo;SFNC.&rdquo; Landrum common stock is not listed on a public exchange.
The Simmons common stock issuable in the merger will be listed on Nasdaq.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a044"></A>Appraisal
and Dissenters&rsquo; Rights</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Introductory Information</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>General</I>.
Dissenters&rsquo; rights with respect to Landrum common stock and preferred stock are governed by the MGBCL. Landrum shareholders
have the right to dissent from the merger and to obtain payment of the &ldquo;fair value&rdquo; of their shares in cash (as specified
in the statute) in the event the merger is consummated.&nbsp;<B>Strict compliance with the dissent procedures is required to exercise
and perfect dissenters&rsquo; rights under the MGBCL.</B>&nbsp;Subject to the terms of the merger agreement, the Landrum board
of directors could elect to terminate the Landrum merger agreement even if it is approved by Landrum shareholders, thus cancelling
dissenters&rsquo; rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum urges
any Landrum shareholder who contemplates exercising his or her right to dissent to read carefully the provisions of Section 351.455
of the MGBCL, which is attached to this proxy statement/prospectus as <U>Annex D</U>. A more detailed discussion of the provisions
of the statute is included below. The discussion describes the steps that each holder of Landrum common stock or preferred stock
must take to exercise his or her right to dissent. Each Landrum shareholder who wishes to dissent should read both the summary
and the full text of the law. Landrum cannot give any Landrum shareholder legal advice. To completely understand this law, each
Landrum shareholder may want, and Landrum encourages any Landrum shareholder seeking to dissent, to consult with his or her legal
advisor.&nbsp;<B>Any Landrum shareholder who wishes to dissent should not send in a signed proxy unless he or she marks his or
her proxy to vote against the Landrum merger or such shareholder will lose the right to dissent.</B></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Address for
Notices</I>. Send or deliver any written notice or demand concerning any Landrum shareholder&rsquo;s exercise of his or her dissenters&rsquo;
rights to The Landrum Company, 801 East Broadway, Columbia, Missouri 65201, Attention: Jolene Kirchoff, Secretary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Act Carefully</I>.
Landrum urges any Landrum shareholder who wishes to dissent to act carefully. Landrum cannot and does not accept the risk of late
or undelivered notices or demands. A dissenting Landrum shareholder may call Lisa Evans, Senior Vice President and Controller
of Landrum at (573) 441-2822, to receive confirmation that his or her notice or demand has been received. If his or her notices
or demands are not timely received by Landrum, then such shareholder will not be entitled to exercise his or her dissenters&rsquo;
rights. Landrum shareholders bear the risk of non-delivery and of untimely delivery.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B>ANY LANDRUM SHAREHOLDER WHO WISHES
TO EXERCISE DISSENTERS&rsquo; RIGHTS OR WHO WISHES TO PRESERVE HIS OR HER RIGHT TO DO SO SHOULD REVIEW <U>ANNEX D</U> CAREFULLY
AND CONSULT HIS OR HER LEGAL ADVISOR. FAILURE TO TIMELY AND PROPERLY COMPLY WITH THE PROCEDURES SET FORTH THEREIN WILL RESULT
IN THE LOSS OF SUCH RIGHTS. INVESTMENT BANKER OPINIONS AS TO THE FAIRNESS, FROM A FINANCIAL POINT OF VIEW, OF THE CONSIDERATION
PAYABLE IN A TRANSACTION SUCH AS THE MERGER ARE NOT OPINIONS AS, AND DO NOT ADDRESS IN ANY RESPECT, FAIR VALUE UNDER THE MGBCL.</B></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Summary of Section 351.455 of
the MGBCL&thinsp;-&thinsp;Dissenters&rsquo; Rights</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45.8pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Under Section
351.455 of MGBCL, Landrum shareholders who do not vote in favor of the merger agreement proposal and who follow the procedures
summarized below will have the right to dissent from and, upon surrender of their certificate (if any) representing said shares,
obtain payment in cash of the fair value of </FONT></P>

<!-- Field: Page; Sequence: 79; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->69<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">their shares of Landrum common stock or preferred stock, as of the day prior to the
date of the Landrum special meeting, in the event of the consummation of the merger. However, it is a condition to Simmons&rsquo;
obligations under the merger agreement that not more than five percent of outstanding Landrum common stock demand, properly and
in writing, appraisal for such shares of outstanding common stock. No Landrum shareholder dissenting from the merger will be entitled
to the per share merger consideration or any dividends or other distributions unless and until the holder fails to perfect or
effectively withdraws or loses his or her right to dissent from the merger agreement. If you are contemplating exercising your
right to dissent, we urge you to read carefully the provisions of Section 351.455 of the MGBCL, which are attached to this proxy
statement/prospectus as&nbsp;<U>Annex D</U>, and consult with your legal counsel before exercising or attempting to exercise these
rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">A Landrum shareholder
may assert dissenters&rsquo; rights only by complying with all of the following requirements:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The
                                         Landrum shareholder must own Landrum common stock or preferred stock as of the close
                                         of business on September 6, 2019, the Landrum record date, for the Landrum special
                                         meeting at which the merger proposal is submitted to a vote;</FONT></TD></TR>                                                                                                     <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The
                                         Landrum shareholder must deliver to Landrum prior to or at the Landrum special meeting
                                         a written objection to the merger agreement. The written objection should be delivered
                                         or mailed in time to arrive before the vote is taken on the merger proposal at the Landrum
                                         special meeting to The Landrum Company, 801 East Broadway, Columbia, Missouri 65201,
                                         Attention: Jolene Kirchoff, Secretary. The written objection must be made in addition
                                         to, and separate from, any proxy or other vote against approval of the merger proposal.
                                         Neither a vote against, a failure to vote for, nor an abstention from voting will satisfy
                                         the requirement that a written objection be delivered to Landrum before the vote on the
                                         merger proposal is taken. Unless a Landrum shareholder files the written objection as
                                         provided above, he or she will not have any dissenters&rsquo; rights of appraisal.</FONT></TD></TR>                                                                                                                                            <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(3)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The
                                         Landrum shareholder must not vote in favor of approval of the merger proposal. The return
                                         of a signed proxy which does not specify a vote against the merger proposal or a direction
                                         to abstain will constitute a waiver of the shareholder&rsquo;s right to dissent.</FONT></TD></TR>                                                                                                                                          <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(4)</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The
                                         Landrum shareholder must deliver to Simmons within 20 days after the effective time a
                                         written demand for payment of the fair value of his or her shares of Landrum common stock
                                         or preferred stock as of the day prior to the date on which the vote for the merger proposal
                                         was taken. That demand must include a statement of the number of shares of Landrum common
                                         stock or preferred stock owned. The demand must be mailed or delivered to Simmons First
                                         National Corporation, 426 W. Capitol Avenue, Suite 1400, Little Rock, Arkansas 72201,
                                         Attn: Patrick A. Burrow. Any Landrum shareholder who fails to make a written demand for
                                         payment within the 20-day period after the effective time will be conclusively presumed
                                         to have consented to the merger agreement and will be bound by the terms thereof. Neither
                                         a vote against the merger proposal nor the written objection referred to in clause (1)
                                         above satisfies the written demand requirement referred to in this clause (4).</FONT></TD></TR>                                                                                                                                        <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">A
beneficial owner of shares of Landrum common stock or preferred stock who is not the record owner may not assert dissenters&rsquo;
rights. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">If
within 30 days of the effective time the value of a dissenting shareholder&rsquo;s shares of Landrum common stock is agreed upon
between the Landrum shareholder and Simmons, Simmons will make payment to the shareholder within 90 days of the effective time,
upon the shareholder&rsquo;s surrender of his or her Landrum common stock certificates. Upon payment of the agreed value, the
dissenting shareholder will cease to have any interest in such shares or in Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"></P>

<!-- Field: Page; Sequence: 80; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->70<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">If
the dissenting shareholder and Simmons do not agree on the fair value of the shares within 30 days after the effective time, the
dissenting shareholder may, within 60 days after the expiration of the 30 days, file a petition in any court of competent jurisdiction
within Greene County, Missouri asking for a finding and a determination of the fair value of the shares. The dissenting shareholder
is entitled to judgment against Simmons for the amount of the fair value as of the day prior to the date on which such vote was
taken approving the merger proposal, together with interest thereon to the date of judgment. The judgment is payable only upon
and simultaneously with the surrender to Simmons of the Landrum common stock certificates representing said shares. Upon payment
of the judgment, the dissenting shareholder shall cease to have any interest in such shares or in Simmons. Unless the dissenting
shareholder files a petition within the allotted time frame, the shareholder and all persons claiming under the shareholder will
be conclusively presumed to have adopted and ratified the merger agreement and will be bound by the terms thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45.8pt; background-color: white"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">The
right of a dissenting shareholder to be paid the fair value for his or her shares will cease if the shareholder fails to comply
with the procedures of Section 351.455 or if the merger agreement is terminated for any reason.</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45.8pt; background-color: white"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-size: 10pt"><B>THE PRECEDING
SUMMARY IS QUALIFIED IN ITS ENTIRETY BY THE TEXT OF THE APPRAISAL PROVISIONS OF MGBCL SECTION 351.455. A COPY OF THAT STATUTE
IS ATTACHED HERETO AS <U>ANNEX D</U> AND IS INCORPORATED HEREIN BY REFERENCE. TO THE EXTENT THERE ARE ANY INCONSISTENCIES BETWEEN
THE FOREGOING SUMMARY AND THE APPLICABLE PROVISIONS OF THE MGBCL, THE MGBCL WILL CONTROL.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 81; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->71<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a045"></A>THE
MERGER AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>The
following describes certain material provisions of the merger agreement, but does not describe all of the terms of the merger
agreement and may not contain all of the information about the merger agreement that is important to you. The following is not
intended to provide factual information about the parties or any of their respective subsidiaries or affiliates. The following
description of the merger agreement is subject to, and qualified in its entirety by reference to, the merger agreement, which
is attached to this proxy statement/prospectus as <U>Annex A</U> and is incorporated by reference into this proxy statement/prospectus.
We urge you to read the merger agreement carefully and in its entirety, as it is the legal document governing the merger.</I></FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a046"></A>Structure
of the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Under
the terms and subject to the conditions of the merger agreement, among other things, Landrum will merge with and into Simmons,
with Simmons continuing as the surviving corporation in the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>The
Merger Consideration</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Based
on the assumptions set forth below, at the effective time, each share of Landrum common stock, that is issued and outstanding
immediately prior to the effective time (except for shares of Landrum common stock held directly or indirectly by Landrum or Simmons
and any dissenting shares) will be converted into the right to receive the per share merger consideration, comprised of 25.5022
shares of Simmons common stock. The per share merger consideration is based on the assumption that 680,334 shares of
Landrum common stock are issued and outstanding. In the aggregate, Simmons will issue 17,350,000 shares of Simmons common stock
to the Landrum common shareholders upon completion of the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Fractional
Shares</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
will not issue any fractional shares of Simmons common stock in the merger. Instead, a Landrum common shareholder who would otherwise
be entitled to receive a fraction of a share of Simmons common stock will receive, in lieu thereof, an amount in cash, rounded
up to the nearest cent (without interest), determined by multiplying (i) the fraction of a share (rounded to the nearest thousandth
when expressed as a decimal form) of Simmons common stock that such holder would otherwise be entitled to receive by (ii) the
Simmons average closing price.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a047"></A>Treatment
of Landrum Series E Preferred Stock</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At the
effective time, each share of Landrum Series E preferred stock issued and outstanding immediately prior to the effective time,
excluding certain specified shares, will be converted into the right to receive one share of Simmons Series D preferred stock,
which will have such rights, preferences, privileges, and voting powers, and limitations and restrictions thereof, which, taken
as a whole, are not materially less favorable to the holders of Landrum Series E preferred stock, than the rights, preferences,
privileges, and voting powers, and limitations and restrictions thereof, of the Landrum Series E preferred stock that are in effect
immediately prior to the effective time, taken as a whole.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I><A NAME="i19395a048"></A>Treatment of the Landrum
ESOP and Combined Benefits Plan </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At the
effective time, each share of Landrum common stock held in the Landrum ESOP will be converted into the right to receive the per
share merger consideration. At the effective time, each share of Landrum common stock held in the Landrum Combined Benefits Plan
will be converted into the right to receive the per share merger consideration.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 82; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->72<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a049"></A>Surviving
Corporation Governing Documents, Directors and Officers</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At the
effective time, the Simmons charter and the Simmons bylaws in effect immediately prior to the effective time will be the articles
of incorporation and bylaws of the surviving corporation, until the same be duly amended or repealed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The directors
and officers of Simmons immediately prior to the effective time will serve as the directors and officers of the surviving corporation
from and after the effective time in accordance with the bylaws of the surviving corporation.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a050"></A>Closing
and Effective Time</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
will be completed only if all conditions to the merger discussed in this proxy statement/prospectus and set forth in the merger
agreement are either satisfied or waived (subject to applicable law). See the section entitled &ldquo;&mdash;Conditions to Consummation
of the Merger&rdquo; below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
will become effective as of the date and time specified in the articles of merger as duly filed with the Secretary of State of
the State of Arkansas and the certificate of merger as duly filed with the Secretary of State of the State of Missouri.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In the
merger agreement, we have agreed to cause the effective time to occur on a date within 30 days following the satisfaction or waiver
(subject to applicable law) of the last of the conditions specified in the merger agreement to occur as determined by Simmons,
or on another mutually agreed date. It currently is anticipated that the effective time will occur in the fourth quarter of 2019,
subject to the receipt of regulatory approvals and waivers and other customary closing conditions, but we cannot guarantee when
or if the merger will be completed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As described
below, if the merger is not completed by December 31, 2019 (or February 28, 2020 if all requisite regulatory approvals have not
been obtained by November 29, 2019), either Simmons or Landrum may choose to terminate the merger agreement at any time after
such date if the failure of the effective time to occur on or before such date is not caused by any breach of the merger agreement
by the party electing to terminate the merger agreement.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a051"></A>Conversion
of Shares&#894; Exchange Procedures</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The conversion
of Landrum common stock into the right to receive the per share merger consideration and the conversion of Landrum Series E preferred
stock into the right to receive Simmons Series D preferred stock will occur automatically at the effective time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At or
promptly after the effective time, Simmons will deposit with its transfer agent, or another exchange agent acceptable to Simmons
(provided that Simmons will consult with Landrum regarding the selection of such other exchange agent), which we refer to as the
exchange agent, (1) certificates or evidence of Simmons common stock in book-entry form equal to the stock consideration, (2)
funds equal to the cash payable in lieu of fractional shares and after the effective time, if applicable, any dividends or distributions
which the Landrum common shareholders have the right to receive under the merger agreement, and (3) certificates or evidence of
Simmons Series D preferred stock in book-entry form issuable pursuant to the merger agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As soon
as reasonably practicable after the effective time, the exchange agent will mail to holders of record of Landrum common stock
immediately prior to the effective time transmittal materials, which such shareholder may complete in accordance with the instructions
thereto and deliver together with the proper surrender of a certificate to the exchange agent in exchange for the per share merger
consideration, any cash in lieu of fractional shares of Simmons common stock, and any dividends or distributions such shareholder
is entitled to receive under the merger agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 83; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->73<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Withholding</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons,
the surviving corporation or the exchange agent, as applicable, will be entitled to deduct and withhold from the per share merger
consideration, Simmons Series D preferred stock and any other amounts or property otherwise payable or distributable to any person
pursuant to the merger agreement to any person such amounts or property (or portions thereof) as it is required to deduct and
withhold under the Code, and the rules and regulations promulgated thereunder, or any provision of applicable tax law. Any amounts
so deducted, withheld or remitted will be treated for all purposes of the merger agreement as having been paid to the person in
respect of which such deduction and withholding was made.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Dividends
and Distributions</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Whenever
a dividend or other distribution is declared by Simmons on Simmons common stock, with a record date after the effective time,
the declaration will include dividends or other distributions on all whole shares of Simmons common stock issuable pursuant to
the merger agreement, but such dividends or other distributions will not be paid to the holder thereof until such shareholder
has duly surrendered its certificate in accordance with the merger agreement. Following surrender of any such certificate (or
affidavit or loss and other documentation required by the exchange agent or surviving corporation under the merger agreement in
lieu thereof), the record holder of the whole shares of Simmons common stock issued in exchange therefor, will be paid, without
interest, (1) all dividends and other distributions payable in respect of any such whole shares of Simmons common stock with a
record date after the effective time and a payment date on or prior to the date of such surrender and not previously paid and
(2) at the appropriate payment date, the amount of dividends or other distributions with a record date after the effective time
but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such shares of Simmons
common stock.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a052"></A>Representations
and Warranties</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
agreement contains representations and warranties made, on the one hand, by Landrum to Simmons and, on the other hand, by Simmons
to Landrum, which were made only for purposes of the merger agreement and as of specific dates. The representations, warranties
and covenants in the merger agreement were made solely for the benefit of the parties to the merger agreement, may be subject
to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes
of allocating contractual risk between the parties to the merger agreement instead of establishing these matters as facts, and
may be subject to standards of materiality applicable to the contracting parties that differ from those generally applicable to
investors. Investors are not third-party beneficiaries under the merger agreement, and in reviewing the representations, warranties
and covenants contained in the merger agreement or any descriptions thereof in this summary, it is important to bear in mind that
such representations, warranties and covenants or any descriptions thereof were not intended by the parties to the merger agreement
to be characterizations of the actual state of facts or condition of Simmons, Landrum or any of their respective subsidiaries
or affiliates. Moreover, information concerning the subject matter of the representations, warranties and covenants may change
after the date of the merger agreement, which subsequent information may or may not be fully reflected in Simmons&rsquo; public
disclosures. The representations and warranties contained in the merger agreement do not survive the effective time. For the foregoing
reasons, the representations, warranties and covenants or any descriptions of those provisions should not be read alone or relied
upon as characterizations of the actual state of facts or conditions of Simmons or Landrum or any of their respective subsidiaries
or affiliates. Instead, such provisions or descriptions should be read in conjunction with the other information provided elsewhere
in this proxy statement/prospectus or incorporated by reference into this proxy statement/prospectus and the other information
contained in the reports, statements and filings that Simmons publicly files with the SEC. For more information regarding these
documents, please see the section entitled &ldquo;Where You Can Find More Information.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 84; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->74<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In the
merger agreement, Landrum has made customary representations and warranties to Simmons with respect to, among other things:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 27px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the due organization, valid existence,
    good standing and power and authority of Landrum and Landmark Bank&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum&rsquo;s authority to enter into
    the merger agreement and to complete the transactions contemplated thereby (subject to the Landrum shareholder approval) and
    the enforceability of the merger agreement against Landrum in accordance with its terms&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of conflicts with or breaches
    of Landrum&rsquo;s or its subsidiaries&rsquo; governing instruments, certain agreements or applicable laws as a result of
    entering into the merger agreement and the consummation of the transactions contemplated by the merger agreement&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the required consents of regulatory authorities
    in connection with the transactions contemplated by the merger agreement&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 27px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the capitalization of Landrum and Landmark
    Bank, including in particular the number of shares of Landrum common stock and Landrum Series E preferred stock issued and
    outstanding&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ownership of subsidiaries&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">reports filed with regulatory authorities&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">financial matters&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">books and records;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of liabilities other than those
    liabilities incurred in the ordinary course since December 31, 2018 in connection with the merger agreement and the transactions
    contemplated thereby, or accrued or reserved against the consolidated balance sheet of Landrum as of December 31, 2018;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of certain changes or events&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">tax matters;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the assets of Landrum and its subsidiaries&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">intellectual property and privacy matters;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">environmental matters;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">compliance with laws, consents, orders
    and permits;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">performance under the Community Reinvestment
    Act;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">compliance with the Foreign Corrupt Practices
    Act of 1977, as amended, and anti-money laundering laws;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">labor relations&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">matters relating to employee benefit plans
    and ERISA&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">matters with respect to certain of Landrum&rsquo;s
    contracts&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 85; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->75<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">agreements with regulatory authorities&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">investment securities&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">derivative transactions entered into for
    the account of Landrum and its subsidiaries or for the account of a customer&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">legal proceedings&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the accuracy of the information supplied
    by Landrum in this proxy statement/prospectus&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the inapplicability of state anti-takeover
    statutes&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">receipt by the Landrum board of directors
    of the opinion from Landrum&rsquo;s financial advisor&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the lack of action by Landrum that is reasonably
    likely to prevent the merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code, or materially
    impede or delay receipt of any of the requisite regulatory approvals&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">loan matters;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">deposits;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">allowance for loan and lease losses;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">insurance matters;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of sanctions imposed by the
    U.S. Department of the Treasury&rsquo;s Office of Foreign Assets Control;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of undisclosed brokers&rsquo;
    fees and expenses&#894;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">transactions with affiliates and insiders;
    and</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">neither Landrum nor any subsidiary being
    required to register with the SEC as an investment advisor or broker-dealer, or conducting insurance operations.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In the
merger agreement, Simmons made customary representations and warranties to Landrum with respect to, among other things:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the due organization,
    valid existence, good standing and power and authority of Simmons&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons&rsquo; authority
    to enter into the merger agreement and to complete the transactions contemplated thereby and the enforceability of the merger
    agreement against Simmons in accordance with its terms&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of conflicts
    with or breaches of Simmons&rsquo; or its subsidiaries&rsquo; governing instruments, certain agreements or applicable laws
    as a result of entering into the merger agreement and the consummation of the transactions contemplated by the merger agreement&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the required consents
    of regulatory authorities in connection with the transactions contemplated by the merger agreement&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the capitalization
    of Simmons, including in particular the number of shares of Simmons common stock issued and outstanding&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 86; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->76<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">SEC filings, including
    financial statements contained therein;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of liabilities
    other than those liabilities incurred in the ordinary course of business since December 31, 2018, in connection with the merger
    agreement and the transactions contemplated thereby, or accrued or reserved against the consolidated balance sheet of Simmons
    as of December 31, 2018;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence since
    December 31, 2018 of an event that has had a material adverse effect on Simmons&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">tax matters;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">compliance with laws,
    orders and permits;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">legal proceedings&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">reports filed with
    regulatory authorities other than the SEC;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the accuracy of the
    information supplied by Simmons in this proxy statement/prospectus&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the lack of action
    by Simmons that is reasonably likely to prevent the merger from qualifying as a reorganization within the meaning of Section
    368(a) of the Code, or materially impede or delay receipt of any of the requisite regulatory approvals&#894; and</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of undisclosed
    brokers&rsquo; fees and expenses.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The representations
and warranties in the merger agreement do not survive the effective time and, as described below under the section entitled &ldquo;&mdash;Effect
of Termination,&rdquo; if the merger agreement is validly terminated, the merger agreement will become void and have no effect
(except with respect to designated provisions of the merger agreement, including, but not limited to, those related to payment
of fees and expenses and the confidential treatment of information), unless a party breached the merger agreement.</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Many of the representations
and warranties in the merger agreement made by Landrum and Simmons are qualified by a materiality or material adverse effect standard
(that is, they will not be deemed to be untrue or incorrect unless their failure to be true or correct is material or would result
in a material adverse effect).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Under the merger
agreement, a &ldquo;material adverse effect&rdquo; is defined, with respect to a party and its subsidiaries, as any fact, circumstance,
event, change, effect, development or occurrence that, individually or in the aggregate together with all other facts, circumstances,
events, changes, effects, developments or occurrences, directly or indirectly, (i) has had or would reasonably be expected to
result in a material adverse effect on the condition (financial or otherwise), results of operation, assets, liabilities or business
of such party and its subsidiaries taken as a whole or (ii) prevents or materially impairs the ability of such party to timely
consummate the transactions contemplated by the merger agreement; provided, that in the case of the foregoing clause (i), a material
adverse effect will not be deemed to include effects to the extent resulting from the following (except, in certain instances,
to the extent that the effect of such change disproportionately affects such party and its subsidiaries, taken as a whole, as
compared to other companies in the industry in which such party and its subsidiaries operate, and provided further that the application
of Landrum&rsquo;s asset quality condition and regulatory capital condition is independent of the definition of material adverse
effect and the satisfaction or lack of satisfaction of the requirements therein is not determinative of whether a material adverse
effect has otherwise occurred):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">changes after the
    date of the merger agreement in GAAP or regulatory accounting requirements;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">changes after the
    date of the merger agreement in laws of general applicability to companies in the financial services industry;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 87; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->77<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">changes after the
    date of the merger agreement in global, national or regional political conditions or general economic or market conditions
    in the United States (and with respect to each of Landrum and Simmons, in the respective markets in which they operate), including
    changes in prevailing interest rates, credit availability and liquidity, currency exchange rates, and price levels or trading
    volumes in the United States or foreign securities markets affecting other companies in the financial services industry;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">after the date of
    the merger agreement, general changes in the credit markets or general downgrades in the credit markets;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">failure, in and of
    itself, to meet earnings projections or internal financial forecasts, but not including any underlying causes thereof unless
    separately excluded under the merger agreement, or changes in the trading price of a party&rsquo;s common stock, in and of
    itself, but not including any underlying causes unless separately excluded under the merger agreement&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the public disclosure
    of the merger agreement and the impact thereof on relationships with customers or employees&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">any outbreak or escalation
    of hostilities, declared or undeclared acts of war or terrorism&#894; or </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">actions or omissions
    taken with the prior written consent of the other party or expressly required by the merger agreement.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a053"></A>Covenants
and Agreements</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Conduct of
Business Prior to the Effective Time </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum has agreed
that prior to the effective time or the termination of the merger agreement, unless the prior written consent of Simmons has been
obtained and except for certain exceptions and as otherwise expressly contemplated by the merger agreement, it will, and will
cause each of its subsidiaries to, (1) operate its business only in the ordinary course, (2) use its reasonable best efforts to
preserve intact its business (including its organization, assets, goodwill and insurance coverage), and maintain its rights, authorizations,
franchises, advantageous business relationships with customers, vendors, strategic partners, suppliers, distributors and others
doing business with it, and the services of its officers and key employees, and (3) take no action that is intended to or which
would reasonably be expected to adversely affect or delay the receipt of any approvals of any regulatory authority or specified
third party, the consummation of the transactions contemplated by the merger agreement or performance of its covenants and agreements
in the merger agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Additionally,
Landrum has agreed that until the earlier of the effective time or the termination of the merger agreement, unless the prior written
consent of Simmons has been obtained and except for certain exceptions and as otherwise expressly contemplated in the merger agreement,
Landrum will not, and will not do or agree or commit to do, or cause or permit any of its subsidiaries to do or agree or commit
to do, any of the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">amend the Landrum
    charter, the Landrum bylaws or other governing instruments of Landrum or any of its subsidiaries&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">incur, assume, guarantee,
    endorse or otherwise as an accommodation become responsible for any additional debt obligation or other obligation for borrowed
    money (other than indebtedness of Landrum to Landmark Bank or of Landmark Bank to Landrum, or the creation of deposit liabilities,
    purchases of federal funds, borrowings from any Federal Home Loan Bank, sales of certificates of deposits, in each case incurred
    in the ordinary course);</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 88; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->78<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1) repurchase, redeem,
    or otherwise acquire or exchange, directly or indirectly, any shares, or any securities convertible into or exchangeable or
    exercisable for any shares, of the capital stock of Landrum or any of its subsidiaries, or (2) make, declare, pay or set aside
    for payment any dividend or set any record date for or declare or make any other distribution in respect of Landrum&rsquo;s
    capital stock or other equity interests of Landrum (except as may be required for (A) the Landrum Series E preferred stock,
    (B) regular quarterly cash dividends by Landrum at a rate not in excess of $2.00 per share of Landrum common stock (and any
    dividends from Landmark Bank to Landrum necessary to facilitate Landrum&rsquo;s regular quarterly cash dividends), provided
    that Landrum shall not make, declare, pay, or set aside for payment such dividends if, as of the date of its action, Landrum
    would be unable to satisfy the regulatory capital conditions in the merger agreement, and (C) any dividends from Landmark
    Bank to Landrum necessary to fund, while maintaining adequate cash reserves, Landrum&rsquo;s repayment of outstanding amounts
    due under certain agreements or contracts);</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">issue, grant, sell,
    pledge, dispose of, encumber, authorize or propose the issuance of, enter into any contract to issue, grant, sell, pledge,
    dispose of, encumber, or authorize or propose the issuance of, or otherwise permit to become outstanding, any additional shares
    of Landrum common stock or any other capital stock of Landrum or any of its subsidiaries, or any stock appreciation rights,
    or any option, warrant, or other equity right&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">directly or indirectly
    adjust, split, combine or reclassify any capital stock or other equity interest of Landrum or any of its subsidiaries or issue
    or authorize the issuance of any other securities in respect of or in substitution for shares of Landrum common stock, or
    sell, transfer, lease, mortgage, permit any lien on, or otherwise dispose of, discontinue or otherwise encumber, (1) any shares
    of capital stock or other equity interests of Landrum or any of its subsidiaries (unless any such shares of capital stock
    or other equity interests are sold or otherwise transferred to Landrum or any of its subsidiaries) or (2) any asset other
    than pursuant to contracts in force at the date of the merger agreement or sales of investment securities in the ordinary
    course&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1) purchase any
    securities or make any acquisition of or investment in (except in the ordinary course), either by purchase of stock or other
    securities or equity interests, contributions to capital, asset transfers, purchase of any assets (including any investments
    or commitments to invest in real estate or any real estate development project) or other business combination, or by formation
    of any joint venture or other business organization or by contributions to capital (other than by way of foreclosures or acquisitions
    of control in a fiduciary or similar capacity or in satisfaction of debts previously contracted in good faith, in each case
    in the ordinary course), any person other than Landmark Bank, or otherwise acquire direct or indirect control over any person,
    or (2) enter into a plan of consolidation, merger, share exchange, share acquisition, reorganization, recapitalization or
    complete or partial liquidation (other than consolidations, mergers or reorganizations solely among wholly owned subsidiaries
    of Landrum), or a letter of intent, memorandum of understanding or agreement in principle with respect thereto; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1) grant any bonus
    or increase in compensation or benefits to the employees or officers of Landrum or any of its subsidiaries (except as required
    by law), (2) pay any (A) severance or termination pay or (B) any bonus, in either case other than pursuant to a Landrum benefit
    plan that is in effect on the date of the merger agreement and in the case of clause (A) subject to receipt of an effective
    release of claims from the employee, and in the case of clause (B) to the extent required under the terms of the plan without
    the exercise of any upward discretion, (3) enter into, amend or increase the benefits payable under any severance, change
    in control, retention, bonus guarantees, collective bargaining agreement or similar agreement or arrangement with employees
    or officers of Landrum or any of its subsidiaries, (4) grant any increase in fees or other increases in compensation or other
    benefits to directors of Landrum or any of its subsidiaries, (5) waive any stock repurchase rights, or grant, accelerate,
    amend or change the period of exercisability of any equity rights or restricted stock, or authorize cash payments in exchange </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 89; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->79<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">for any equity rights, (6) fund any rabbi trust or similar arrangement, (7) terminate the employment or services of any officer
    or any employee whose annual base compensation is greater than $100,000, other than for cause, or (8) hire any officer, employee,
    independent contractor or consultant (who is a natural person) who has annual base compensation greater than $100,000; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">enter into, amend
    or renew any employment contract between Landrum or any of its subsidiaries and any person (unless such amendment is required
    by law) that Landrum or its subsidiaries do not have the unconditional right to terminate without liability (other than liability
    for services already rendered), at any time on or after the effective time;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">except as required
    by law, or with respect to a Landrum benefit plan that is intended to be tax-qualified in the opinion of counsel is necessary
    or advisable to maintain the tax qualified status, (1) adopt or establish any new plan, policy, program or arrangement that
    would be considered a Landrum benefit plan if such plan, policy, program or arrangement were in effect as of the date of the
    merger agreement, or amend in any material respect any existing Landrum benefit plan or terminate or withdraw from, or amend,
    any Landrum benefit plan, (2) make any distributions from such employee benefit plans, except as required by the terms of
    such plans, or (3) fund or in any other way secure the payment of compensation or benefits under any Landrum benefit plan;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">make any change in
    any accounting principles, practices or methods or systems of internal accounting controls, except as may be required to conform
    to changes in regulatory accounting requirements or GAAP;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">commence any litigation
    other than in the ordinary course, or settle, waive or release or agree or consent to the issuance of any order in connection
    with any litigation (1) involving any liability of Landrum or any of its subsidiaries for money damages in excess of $50,000
    or that would impose any restriction on the operations, business or assets of Landrum or any of its subsidiaries, or the surviving
    corporation or (2) arising out of or relating to the transactions contemplated by the merger agreement;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">enter into, renew,
    extend, modify, amend or terminate specified contracts, make any material amendment or modification to specified contracts,
    or waive, release, compromise or assign any material rights or claims under specified contracts;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1) enter into any
    new line of business or change in any material respect its lending, investment, risk and asset-liability management, interest
    rate, fee pricing or other material banking or operating policies, (2) change its policies and practices with respect to underwriting,
    pricing, originating, acquiring, selling, servicing or buying or selling rights to service loans except as required by law
    or by rules or policies imposed by a regulatory authority, or (3) change or remove any systems of internal accounting controls
    or disclosure controls&#894; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">make, or commit to
    make, any capital expenditures in excess of $50,000 individually or $100,000 in the aggregate;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">except as required
    by law or applicable regulatory authorities, make any material changes in its policies and practices with respect to (1) its
    hedging practices and policies, or (2) insurance policies including materially reduce the amount of insurance coverage currently
    in place or fail to renew or replace any existing insurance policies; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">cancel, compromise,
    waive or release any material indebtedness owed to any person or any rights or claims held by any person, except for (1) sales
    of loans and sales of investment securities, in each case in the ordinary course, or (2) as expressly required by the terms
    of any contracts in force at the date of the merger agreement; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 90; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->80<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">permit the commencement
    of any construction of new structures or facilities upon, or purchase or lease any real property in respect of any branch
    or other facility, or make any application to open, relocate or close any branch or other facility; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">materially change
    or restructure its investment securities portfolios, its investment securities practices or policies, or change its policies
    with respect to the classification or reporting of such portfolios, or invest in any mortgage-backed or mortgage-related securities
    which would be considered &ldquo;high-risk&rdquo; securities under applicable regulatory pronouncements or change its interest
    rate exposure through purchases, sales or otherwise, or the manner in which its investment securities portfolios are classified
    or reported; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">alter materially
    its interest rate or fee pricing policies with respect to depository accounts of Landrum or any of its subsidiaries or waive
    any material fees with respect thereto;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">make, change or revoke
    any material tax election, change any material method of tax accounting, adopt or change any taxable year or period, file
    any amended material tax return, stop maintaining withholding certificates in respect of any person required to be maintained
    under the Code or the U.S. Treasury regulations, agree to an extension or waiver of any statute of limitations with respect
    to the assessment or determination of taxes, settle or compromise any material tax liability of Landrum or any of its subsidiaries,
    enter into any closing agreement with respect to any material tax or surrender any right to claim a material tax refund; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">take any action,
    or knowingly fail to take any action, which action or failure to act prevents or impedes, or could reasonably be expected
    to prevent or impede, the merger from qualifying as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of
    the Code;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">enter into any securitizations
    of any loans or create any special purpose funding or variable interest entity other than on behalf of clients;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">foreclose upon or
    take a deed or title to any commercial real estate (other than real estate used solely for agricultural production) without
    first conducting a Phase I environmental assessment (except where such an assessment has been conducted in the preceding 12
    months) of the property or foreclose upon any commercial real estate if such environmental assessment indicates the presence
    of hazardous material;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">make or acquire any
    loan or issue a commitment (including a letter of credit) or renew or extend an existing commitment for any loan, or amend
    or modify in any material respect any loan, except for (1) loans or commitments for loans with a principal balance less than
    $5,000,000 in full compliance with the Landmark Bank&rsquo;s underwriting policy and related loan policies in effect as of
    the date of the merger agreement without utilizing any of the exceptions provided in such underwriting policy and related
    loan policies and (2) loans or commitments for loans, renewals, amendments, or modifications of any existing Loan with a principal
    balance equal to or less than $2,500,000 in full compliance with Landmark Bank&rsquo;s underwriting policy and related loan
    policies in effect as of the date of the merger agreement, including pursuant to an exception to such underwriting policy
    and related loan policies that is reasonable in light of the underwriting of the borrower fur such loan or commitment;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">other than in the
    ordinary course, repurchase, or provide indemnification relating to, loans in the aggregate in excess of&thinsp; $250,000;
    </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">take any action that
    could reasonably be expected to impede or materially delay consummation of the transactions contemplated by the merger agreement;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 91; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->81<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">take any action that
    is reasonably likely to result in any of the conditions to closing not being satisfied, or materially impair its ability to
    perform its obligations under the merger agreement or to consummate the transactions contemplated thereby, except as required
    by applicable law; or</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">agree to take, make
    any commitment to take, or adopt any resolutions of the Landrum board of directors in support of, any of the above prohibited
    actions.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
has also agreed that until the earlier of the effective time or the termination of the merger agreement, unless the prior written
consent of Landrum has been obtained (which consent Landrum may not unreasonably withhold, delay or condition) and except for
certain exceptions and as otherwise expressly contemplated in the merger agreement, Simmons will not, and will not do or agree
or commit to do, or permit any of its subsidiaries to do or agree or commit to do any of the following actions:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">amend the Simmons
    charter, the Simmons bylaws or other governing instruments of Simmons or any significant subsidiaries (as defined in Regulation
    S-X promulgated by the SEC) of Simmons in a manner that would adversely affect Landrum or the holders of Landrum common stock
    adversely relative to other holders of Simmons common stock&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">take any action,
    or knowingly fail to take any action, which action or failure to act prevents or impedes, or could reasonably be expected
    to prevent or impede, the merger, from qualifying as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of
    the Code&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">take any action that
    could reasonably be expected to impede or materially delay consummation of the transactions contemplated by the merger agreement
    (including the acquisition by Simmons of an entity that has total consolidated assets of at least $13 billion, or the merger
    of Simmons with another entity in which Simmons is not the surviving entity; provided, that such actions shall be permitted
    if the Simmons board of directors determines, after consultation with its outside legal counsel, that the actions are not
    reasonably expected to impede or materially delay consummation of the transactions contemplated by the merger agreement);
    </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">take any action that
    is reasonably likely to result in any of the conditions to closing not being satisfied, or materially impair Simmons&rsquo;
    ability to perform its obligations under the merger agreement or to consummate the transactions contemplated by the merger
    agreement, except as required by applicable law; or</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">agree to take, make
    any commitment to take, or adopt any resolutions of the Simmons board of directors in support of, any of the above prohibited
    actions.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Regulatory
Matters</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
and Landrum have agreed to file all reports required to be filed with regulatory authorities between the date of the merger agreement
and the effective time, and to deliver to the other party copies of all such reports promptly after the same are filed. If financial
statements are contained in any such reports filed with the SEC or the Federal Reserve, such financial statements will fairly
present the consolidated financial position of the entity filing such statements as of the dates indicated and the consolidated
results of operations, changes in shareholders&rsquo; equity, and cash flows for the period then ended in accordance with GAAP
(subject in the case of interim financial statements to normal recurring year-end adjustments that are not material) or applicable
regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for
the omission of footnotes. Notwithstanding the above, neither Simmons nor Landrum shall be obligated to disclose to the other
any reports to the extent such reports contain confidential supervisory information or other information the disclosure of which
would be prohibited by applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 92; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->82<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
and Landrum have agreed to cooperate with each other and use their reasonable best efforts to prepare all documentation, to effect
all applications, notices, petitions and filings, and to obtain all permits and consents of all regulatory authorities and third
parties that are necessary or advisable to consummate the transactions contemplated by the merger agreement, including the merger,
and to comply with the terms and conditions of all such permits and consents. Each of Simmons and Landrum have agreed to use its
respective reasonable best efforts to resolve objections, if any, which may be asserted with respect to the merger agreement or
the transactions contemplated thereby by any regulatory authority or under any applicable law or order.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
the foregoing, in no event is Simmons or any of its subsidiaries required, and Landrum and its subsidiaries are not permitted
(without Simmons&rsquo; prior written consent in its sole discretion), to take any action, or to commit to take any action, or
to accept any restriction or condition, involving Simmons or its subsidiaries or Landrum or its subsidiaries, which is materially
burdensome on Simmons&rsquo; business or on the business of Landrum or Landmark Bank, in each case following the closing or which
would likely reduce the economic benefits of the transactions contemplated by the merger agreement to Simmons to such a degree
that Simmons would not have entered into the merger agreement had such condition or restriction been known to it at the date of
the merger agreement, which condition or restriction we refer to as a burdensome condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For a
more complete discussion of the regulatory approvals required to complete the merger and the terms of the merger agreement related
to regulatory approvals, see the section entitled &ldquo;The Merger&mdash;Regulatory Approvals Required for the Merger.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Tax
Matters</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
and Landrum have agreed to use their respective reasonable best efforts to cause the merger, and to take no action which would
cause the merger not, to qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Employee
Matters</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
merger agreement provides that officers and employees of Landrum and its subsidiaries, while employed by Simmons following the
effective time, generally will be eligible to receive benefits that are offered to similarly situated Simmons employees. Notwithstanding
the foregoing, as soon as administratively practicable following the closing date, but no later than 180 days after the closing
date, Simmons shall have in effect a defined contribution plan that is qualified under Section 401(a) of the Code and that includes
a qualified cash or deferred arrangement within the meaning of Section 401(k) of the Code in which covered employees who meet
the eligibility criteria thereof shall immediately be eligible to participate. Covered employees will generally receive credit
for prior service with Landrum and its subsidiaries for purposes of determining eligibility to participate and vesting under Simmons
benefit plans and for purposes of determining entitlement to paid time off under Simmons paid time off program, subject to certain
specified exceptions. In addition to the foregoing, (i) each Landrum employee shall receive credit under any applicable Simmons
medical plans for any deductible and out-of-pocket expenses incurred under any Landrum medical plans if terminated prior to the
end of a plan year and (ii) each Landrum employee will receive credit for any amounts remaining in spending accounts for which
they may submit claims until the time provided in the plans, to the extent permitted under applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If requested
by Simmons in writing prior to the closing date, Landrum will (1) terminate any Landrum benefit plan that is intended to constitute
a tax-qualified defined contribution plan under Section 401(a) of the Code, which we refer to as a 401(a) plan, effective as of
no later than the day before the closing date and (2) cooperate in good faith with Simmons prior to the closing date to amend,
freeze, terminate or modify any other Landrum benefit plan to the extent and in the matter determined by Simmons to be effective
upon the effective time (or at such different time mutually agreed to by the parties) and consistent with applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 93; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->83<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>D&amp;O
Indemnification and Insurance</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
agreement provides that, for six years after the effective time, Simmons will indemnify, defend and hold harmless each of the
present and former directors or officers of Landrum and its subsidiaries against all liabilities arising out of actions or omissions
arising out of such person&rsquo;s services as director or officers of Landrum, or at Landrum&rsquo;s request, of another corporation,
partnership, joint venture, trust or other enterprise, occurring at or prior to the effective time to the fullest extent permitted
under the Landrum charter and the Landrum bylaws in effect on the date of the merger agreement (subject to applicable law), including
provisions relating to the advancement of expenses incurred in the defense of any litigation; provided, that in the case of advancement
of expenses, any indemnified party to whom expenses are advanced provides a written undertaking to repay such advances if it is
ultimately determined that such indemnified party is not entitled to indemnification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
agreement also provides that the surviving corporation will use its reasonable best efforts to maintain in effect for a period
of six years after the effective time Landrum&rsquo;s existing directors&rsquo; and officers&rsquo; liability insurance policy
or a comparable policy, with respect to claims arising from facts or events that occurred prior to the effective time and covering
persons who are currently covered by such insurance, capped at 200% of the annual premium payments currently paid on Landrum&rsquo;s
current policy. In lieu of the insurance described in the preceding sentence, prior to the effective time, Simmons, or Landrum,
in consultation with Simmons, may obtain a six-year &ldquo;tail&rdquo; prepaid policy providing coverage equivalent to such insurance.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Certain
Additional Covenants</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
agreement also contains additional covenants, including, but not limited to, covenants relating to the filing of this proxy statement/prospectus,
obtaining required consents, potential shareholder litigation, the declaration of dividends, takeover laws, Landrum&rsquo;s delivery
to Simmons of its closing financial statements, the listing of the shares of Simmons common stock to be issued in the merger and
public announcements with respect to the transactions contemplated by the merger agreement.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a054"></A>Agreement
Not to Solicit Other Offers</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
has agreed that it and its subsidiaries will not, and will cause their respective representatives not to, directly or indirectly:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">solicit, initiate,
    encourage (including by providing information or assistance), facilitate or induce any acquisition proposal;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">engage or participate
    in any discussions or negotiations regarding, or furnish or cause to be furnished to any person any information or data in
    connection with, or take any other action to facilitate any inquiries or the making of any offer or proposal that constitutes,
    or may reasonably be expected to lead to, an acquisition proposal;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">adopt, approve, agree
    to, accept, endorse or recommend any acquisition proposal; or </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">approve, agree to,
    accept, endorse or recommend, or propose to approve, agree to, accept, endorse or recommend any acquisition agreement contemplating
    or otherwise relating to any acquisition transaction.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
and its subsidiaries have agreed to, and cause its representatives to, (1) immediately cease and cause to be terminated all existing
activities, discussions, conversations, negotiations and other communications with any person conducted prior to the date of the
merger agreement with respect to any offer or proposal that constitutes, or may reasonably be expected to lead to, an acquisition
proposal, (2) request the prompt return or destruction of all confidential information previously furnished to any person (other
than Simmons, its </FONT></P>

<!-- Field: Page; Sequence: 94; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->84<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt">subsidiaries and their respective representatives) that has made or indicated an intention to make an acquisition
proposal, (3) not waive or amend any &ldquo;standstill&rdquo; provision or provisions of similar effect to which it is a beneficiary
and to strictly enforce any such provisions, and (4) enforce any existing confidentiality agreements to which it is a party.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
Landrum or any of its subsidiaries or their respective representatives receives an acquisition proposal or any request for nonpublic
information or any inquiry that could reasonably could be expected to lead to any acquisition proposal, Landrum has agreed to,
as promptly as practicable (but in no event more than 24 hours), notify Simmons in writing of the receipt of such acquisition
proposal, request or inquiry, and the terms and conditions of such acquisition proposal, request or inquiry (including, in each
case, the identity of the person making any such acquisition proposal, request or inquiry), and Landrum will as promptly as practicable
(but in no event more than 24 hours) provide to Simmons (1) a copy of such acquisition proposal, request or inquiry, if in writing,
or (2) a written summary of the material terms of such acquisition proposal, request or inquiry, if oral. Landrum has agreed to
provide Simmons, as promptly as practicable (but in no event more than 24 hours), with notice setting forth all such information
as is necessary to keep Simmons informed on a current basis of all developments, discussions, negotiations and communications
regarding (including amendments or proposed amendments to) such acquisition proposal, request, or inquiry. If Landrum determines
(after consultation with outside legal counsel) that any term or condition of an acquisition proposal is unclear, Landrum may
request (but only through written communication) clarification regarding such term or condition; provided, however, that copies
of all such communications and responses thereto shall be provided to Simmons as promptly as practicable (but in no event more
than 24 hours).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For purposes
of the merger agreement,</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">an &ldquo;acquisition
    agreement&rdquo; means a term sheet, letter of intent, commitment, memorandum of understanding, agreement in principle, merger
    agreement, acquisition agreement, option agreement or other similar agreement (whether written or oral, binding or nonbinding);</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">an &ldquo;acquisition
    proposal&rdquo; means any offer, inquiry, proposal or indication of interest (whether communicated to Landrum or publicly
    announced to the Landrum shareholders and whether binding or non-binding) by any person (other than Simmons or its subsidiaries)
    for an acquisition transaction; and</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">an &ldquo;acquisition
    transaction&rdquo; means any transaction or series of related transactions (other than the transactions contemplated by the
    merger agreement) involving (1) any acquisition or purchase, direct or indirect, by any person (other than Simmons or its
    subsidiaries) of 20% or more in interest of the total outstanding voting securities of Landrum or its subsidiaries whose assets,
    either individually or in the aggregate, constitute more than 25% of the consolidated assets of Landrum and its subsidiaries,
    or any tender offer or exchange offer that if consummated would result in any person (other than Simmons or its subsidiaries)
    beneficially owning 20% or more in interest of the total outstanding voting securities of Landrum or its subsidiaries whose
    assets, either individually or in the aggregate, constitute more than 25% of the consolidated assets of the Landrum, or any
    merger, consolidation, share exchange, business combination, reorganization, recapitalization, liquidation, dissolution or
    similar transaction involving Landrum or its subsidiaries whose assets, either individually or in the aggregate, constitute
    more than 25% of the consolidated assets of Landrum and its subsidiaries; or (ii) any sale, lease, exchange, transfer, license,
    acquisition or disposition of 20% or more of the consolidated assets of Landrum and its subsidiaries, taken as a whole.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a055"></A>Landrum
Special Meeting and Recommendation of the Landrum Board of Directors</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum has agreed
to hold a meeting of its shareholders as promptly as reasonably practicable after the registration statement of which this proxy
statement/prospectus is a part is declared effective by the SEC for the purpose of obtaining the Landrum shareholder approval.
Landrum has agreed that its obligation to hold such </FONT></P>

<!-- Field: Page; Sequence: 95; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->85<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt">meeting of its shareholders will not be affected by the commencement, proposal,
disclosure or communication to Landrum of any acquisition proposal or change in recommendation, as described below. Landrum has
also agreed to deliver to Simmons the Landrum ESOP fairness opinion, dated on or about the date of the merger agreement, prior
to the vote of the Landrum ESOP. Landrum will cause the Landrum ESOP trustees to conduct a vote of the Landrum common stock held
in the Landrum ESOP in accordance with the requirements of Section 409(e) of the Code and all other applicable laws, the terms
of the Landrum ESOP and their ERISA fiduciary duties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Landrum board of directors has agreed to recommend to the Landrum Class A shareholders the approval of the merger proposal, to
include such recommendation in this proxy statement/prospectus and to use its reasonable best efforts to obtain the Landrum shareholder
approval. Landrum has agreed that neither the Landrum board of directors nor any committee thereof shall (a) withhold, withdraw,
qualify or modify) such recommendation in any manner adverse to Simmons, (b) fail to make the such recommendation or otherwise
submit the merger proposal to the Landrum shareholders without such recommendation, (c) adopt, approve, agree to, accept, recommend
or endorse an acquisition proposal, (d) fail to publicly and without qualification (i) recommend against any acquisition proposal
or (ii) reaffirm the recommendation of the merger proposal within ten business days (or such fewer number of days remaining prior
to the Landrum special meeting) after an acquisition proposal is made public or any request by Simmons to do so, (e) take any
action or make any public statement, filing or release inconsistent with such recommendation, or (f) publicly propose to do any
of the foregoing, which, collectively and individually, we refer to as a change in recommendation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">However,
at any time prior to the Landrum special meeting, the Landrum board of directors may submit the merger agreement without recommendation,
if Landrum has received a superior proposal (as defined in &ldquo;The Merger Agreement&mdash;Landrum Special Meeting and Recommendation
of the Landrum Board of Directors&rdquo;) (after giving effect to any revised offer from Simmons) and the Landrum board of directors
has determined in good faith, after consultation with its outside legal counsel, that it would be a violation of the directors&rsquo;
fiduciary duties under applicable law to make or continue to make the recommendation to approve the merger proposal, in which
event, the board of directors of Landrum may communicate the basis for its lack of such recommendation; provided, that the Landrum
board of directors may not take such actions unless:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum has complied
    in all material respects with its non-solicit obligations described above;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum gives Simmons
    at least five business days&rsquo; notice of its intention to make a change in recommendation and a reasonable description
    of the events or circumstances giving rise to its determination to take such action;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">during such five
    business day period, Landrum has, and has caused its financial advisors and outside legal counsel to, consider and negotiate
    with Simmons in good faith (to the extent Simmons desires to so negotiate) regarding any proposals, adjustments or modifications
    to the terms and conditions of the merger agreement proposed by Simmons; and</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the Landrum board
    of directors has determined in good faith, after consultation with its outside legal counsel and considering the results of
    such negotiations described above and giving effect to any proposals, amendments or modifications proposed by Simmons that
    such superior proposal remains a superior proposal and that it would nevertheless be a violation of the directors&rsquo; fiduciary
    duties under applicable law to make or continue to make the recommendation to approve the merger proposal.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Any material
amendment to any acquisition proposal will require a new determination and notice period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For purposes
of the merger agreement, a &ldquo;superior proposal&rdquo; means an unsolicited bona fide written acquisition proposal with respect
to which the Landrum board of directors determines in its good faith judgment (based on, among other things, the advice of outside
legal counsel and a financial advisor) is reasonably likely to be consummated in accordance with its terms, and if consummated,
would result in a transaction move </FONT></P>

<!-- Field: Page; Sequence: 96; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->86<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">favorable, from a financial point of view, to the Landrum shareholders than the merger and
the other transactions contemplated by the merger agreement (as it may be proposed to be amended by Simmons), taking into account
all relevant factors (including the acquisition proposal and the merger agreement (including any proposed changes to the merger
agreement that may be proposed by Simmons in response to such acquisition proposal)); provided, that for purposes of the definition
of superior proposal, the references to &ldquo;20%&rdquo; in the definition of acquisition transaction will be deemed to be references
to &ldquo;50%.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a056"></A>Conditions
to Consummation of the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The respective
obligations of each party to consummate the merger and the other transactions contemplated by the merger agreement are subject
to the satisfaction or waiver at or prior to the effective time of the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 7%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 4%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="width: 89%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the approval
    of the merger proposal by the Landrum Class A shareholders;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the receipt of all
    required regulatory permits or consents from the Federal Reserve, the MDF, the ASBD, the FDIC and any other regulatory authority,
    and any other regulatory permits or consents contemplated by the merger agreement the failure of which to obtain would reasonably
    be expected to have, either individually or in the aggregate, a material adverse effect on Simmons and Landrum (considered
    as a consolidated entity), in each case required to consummate the transactions contemplated by the merger agreement, including
    the merger, and expiration of all related statutory waiting periods, which we refer to as the requisite regulatory approvals,
    without the imposition of a burdensome condition as determined by Simmons in its sole discretion;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the absence of any
    law or order (whether temporary, preliminary or permanent) by any court or regulatory authority of competent jurisdiction
    prohibiting, restricting or making illegal the consummation of the transactions contemplated by the merger agreement (including
    the merger)&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the effectiveness
    of the registration statement of which this proxy statement/prospectus is a part under the Securities Act , and there being
    no stop order, action, suit, proceeding or investigation by the SEC to suspend the effectiveness of the registration statement
    initiated and continuing&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the approval of the
    listing on Nasdaq of the Simmons common stock to be issued pursuant to the merger, subject to official notice of issuance
    (if such approval is required by Nasdaq);</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the receipt by each
    party of a written opinion of Covington in form reasonably satisfactory to such parties to the effect that the merger will
    qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the accuracy of the
    representations and warranties of the other party in the merger agreement as of the date of the merger agreement and as of
    the effective time, subject to the materiality standards provided in the merger agreement;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the performance by
    the other party in all material respects of all agreements and covenants of such party required to be performed or complied
    with pursuant to the merger agreement and other agreements contemplated by the merger agreement prior to the effective time;
    and</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the receipt of (1)
    a certificate from the other party to the effect that the two conditions described immediately above have been satisfied and
    (2) certified copies of resolutions duly adopted by the other party&rsquo;s board of directors and shareholders evidencing
    the taking of all corporate action necessary to authorize the execution, delivery and performance of the merger agreement,
    and the consummation of the transactions contemplated thereby, all in such reasonable detail as the other party and its counsel
    may request.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&#9;</FONT></P>

<!-- Field: Page; Sequence: 97; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->87<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">In
addition, Simmons&rsquo; obligation to consummate the merger and the other transactions contemplated by the merger agreement is
subject to the satisfaction or waiver at or prior to the effective time of the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">delivery of a FIRPTA
    certificate by Landrum to Simmons; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">as reflected in Landrum&rsquo;s
    closing financial statements, (1) Landmark Bank having a ratio of non-performing assets to total assets not in excess of 0.65%,
    (2) Landmark Bank having a ratio of classified assets to Tier 1 capital plus ALLL not in excess of 15.75%, (3) classified
    assets not in excess 137.5% of the aggregate balance of classified assets as set forth in Landrum&rsquo;s financial statements
    as of and for the quarter ended March 31, 2019, and (4) a ratio of delinquent loans to total loans not in excess of 0.60%;
    </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">holders of not more
    than five percent of the outstanding shares of Landrum common stock having demanded, properly and in writing, appraisal for
    such shares under the MGBCL;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">as reflected in Landrum&rsquo;s
    closing financial statements, (1) Landmark Bank being &ldquo;well capitalized&rdquo; as defined under applicable law, (2)
    Landrum having a Tier 1 leverage ratio of not less than 8.07%, (3) Landrum having a Tier 1 risked-based capital ratio of not
    less than 11.60%, (4) Landrum having a total risked-based capital ratio of not less than 12.71%, and (5) Landmark Bank having
    not received any notification from the MDF or FDIC to the effect that the capital of Landmark Bank is insufficient to permit
    Landmark Bank to engage in all aspects of its business and its currently proposed businesses without material restrictions,
    including the imposition of a burdensome condition, which condition we refer to as the regulatory capital condition; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum having delivered
    evidence satisfactory to Simmons in its discretion that certain contracts have been terminated; </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum ESOP
    financial advisor having issued the updated Landrum ESOP fairness opinion dated on or about the closing date, and the Landrum
    ESOP trustees having delivered the Landrum ESOP fairness opinion to Simmons, dated on or about the closing date, stating that
    the Landrum ESOP trustees have made the determination that the consummation of the transactions contemplated by the merger
    agreement is prudent, is in the best interest of the participants and beneficiaries of the Landrum ESOP for the exclusive
    purpose of providing benefits to the participants and beneficiaries of the Landrum ESOP, and does not constitute a &ldquo;prohibited
    transaction&rdquo; under ERISA or otherwise violate ERISA; and </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum (a) having
    no outstanding indebtedness under the credit agreement between Landrum and Enterprise Bank &amp; Trust, dated June 23, 2011,
    as amended from time to time, which we refer to as the Enterprise Credit agreement or any other contracts (including loans)
    associated therewith, (b) having terminated or otherwise canceled the Enterprise Credit Agreement and any other contracts
    (including loans) associated therewith, and (c) having no liabilities arising under or associated with the Enterprise Credit
    Agreement or any other contracts associated therewith.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&#9;We
cannot be certain of when, or if, the conditions to the merger will be satisfied or waived, or that the merger will be completed
in the fourth quarter of 2019 or at all. As of the date of this proxy statement/prospectus, we have no reason to believe that
any of these conditions will not be satisfied.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a057"></A>Termination
of the Merger Agreement</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The merger
agreement may be terminated and the merger abandoned at any time prior to the effective time (notwithstanding the approval of
the merger agreement by Landrum Class A shareholders) by mutual written agreement, or by either party in the following circumstances:</FONT></P>

<!-- Field: Page; Sequence: 98; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->88<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">any regulatory authority
    denies a requisite regulatory approval, or any law or order permanently restraining, enjoining or otherwise prohibiting the
    consummation of the transactions contemplated by the merger agreement becomes final and nonappealable, so long as the party
    seeking to terminate the merger agreement has used its reasonable best efforts to contest, appeal and change or remove such
    denial, law or order;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; width: 27px"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the Landrum Class
    A shareholders fail to vote their approval of the merger proposal, which we refer to as a no-vote termination&#894;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the merger has not
    been consummated by December 31, 2019 (or February 28, 2020 if all requisite regulatory approvals have not been obtained by
    November 29, 2019), which we refer to as the outside date, if the failure to consummate the transactions contemplated by the
    merger agreement on or before such date is not caused by the terminating party&rsquo;s breach of the merger agreement, which
    we refer to as an outside date termination&#894; or</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">if there was a breach
    of any of the covenants or agreements or any of the representations or warranties (or any such representation or warranty
    ceases to be true) set forth in the merger agreement on the part of Landrum, in the case of a termination by Simmons, or Simmons,
    in the case of a termination by Landrum, which breach or failure to be true, either individually or in the aggregate with
    all other breaches by such party (or failures of such representations or warranties to be true), would constitute, if occurring
    or continuing on the closing date, the failure of a Simmons or Landrum condition to closing, respectively, and is not cured
    within 30 days following written notice or by its nature or timing cannot be cured during such period (or such fewer days
    as remain prior to the outside date); provided, that the terminating party is not then in material breach of any representation,
    warranty, covenant or other agreement contained in the merger agreement, which we refer to as a breach termination.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B>In
addition, Simmons may terminate the merger agreement if:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the Landrum board
    of directors fails to recommend that the Landrum Class A shareholders approve the merger proposal, effects a change in recommendation,
    breaches its non-solicitation obligations with respect to acquisition proposals in any respect adverse to Simmons or fails
    to call, give notice of, convene and/or hold the Landrum special meeting in accordance with the merger agreement, which, collectively,
    we refer to as a Landrum board breach termination;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">if any regulatory
    authority grants a requisite regulatory approval but such requisite regulatory approval contains, results or would reasonably
    be expected to result in, the imposition of a burdensome condition; or</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">if any regulatory
    authority requests that Simmons, Landrum or any of their respective affiliates withdraw (other than for technical reasons),
    and not be permitted to resubmit within 60 days, any application with respect to a requisite regulatory approval.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In addition,
Landrum may terminate the merger agreement if:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">the Landrum board
    of directors determines by a vote of at least two-thirds of the members of the entire Landrum board of directors, at any time
    during the five-day period commencing with the determination date, (i) the Simmons average closing price is less than $18.48
    and (ii) the difference between the percentage change in the Nasdaq Bank Index and the percentage change in the Simmons average
    closing price exceeds 20%, which termination right we refer to as a stock decline termination right. If Landrum elects to
    terminate the merger agreement pursuant to its stock decline termination right, it will give written notice to Simmons, and
    Simmons will have the option, in its sole and absolute discretion, within five days of the receipt of such notice of termination
    to increase the merger consideration by a </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 99; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->89<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt; width: 27px"><FONT STYLE="font: 10pt Symbol">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">number of shares of Simmons common stock so the total value of the merger consideration
    is not less than $320,628,000. If Simmons so elects within such five-day period and notifies Landrum promptly of such election,
    then the merger agreement will remain in effect in accordance with its terms (except for the merger consideration will be
    so modified).</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a058"></A>Effect
of Termination</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If the
merger agreement is terminated or abandoned, it will become void and have no further force or effect and there will be no liability
on the part of either Simmons or Landrum for any matters addressed in the merger agreement or other claim relating to the merger
agreement and the transactions contemplated thereby, except that (1) designated provisions of the merger agreement will survive
the termination, including, but not limited to, those relating to payment of fees and expenses and the confidential treatment
of information and (2) both Simmons and Landrum will remain liable for any liability resulting from fraud or breach of the merger
agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a059"></A>Termination
Fee</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
will pay Simmons a $15,000,000 termination fee if:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 48px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 27px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1) either Landrum
    or Simmons effects an outside date termination or a no-vote termination, or (2) Simmons effects a breach termination and,
    in each case, within 12 months of such termination, Landrum consummates an acquisition transaction or enters into an acquisition
    agreement with respect to an acquisition transaction, whether or not such acquisition transaction is subsequently consummated;
    or </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></td>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons effects a
    Landrum board breach termination.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B>If
Landrum fails to pay any termination fee payable when due, then Landrum must pay to Simmons its costs and expenses (including
attorneys&rsquo; fees) in connection with collecting such fee, together with interest on the amount of such fee at the prime rate
of Citibank, N.A. from the date such payment was due under the merger agreement until the date of payment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a060"></A>Expenses
and Fees</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Each of
Simmons and Landrum will bear and pay all direct costs and expenses incurred by it or on its behalf in connection with the transactions
contemplated by the merger agreement. The filing fees and the costs and expenses of printing this proxy statement/prospectus will
be borne equally by Simmons and Landrum.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a061"></A>Amendments
and Waivers</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">To the
extent permitted by law, the merger agreement may be amended by a subsequent writing signed by each of the parties upon the approval
of each of the parties, whether before or after the Landrum shareholder approval is obtained, provided that after obtaining such
approval, no amendment may be made that requires further approval by Landrum Class A shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Prior
to or at the effective time, the parties, acting through their respective board of directors, chief executive officer or other
authorized officer, have the right to (i) waive any default in the performance of any term the merger agreement by the other party,
(ii) waive or extend the time for the compliance or fulfillment by the other party of any and all of its obligations under the
merger agreement and (iii) waive compliance with any or all of the agreements or satisfaction of any conditions precedent to the
obligations of the other party under the merger agreement, except any condition which, if not satisfied, would result in the violation
of any law; provided, that after the Landrum shareholder approval is obtained, there may not be, without further approval of such
shareholders, any extension or waiver of the merger agreement or any portion thereof that requires further approval under applicable
law. </FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 100; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->90<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a062"></A>Voting
Agreements</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Each of
the directors of Landrum, in their capacities as individuals, have separately entered into a Landrum voting agreement, in which
they have agreed to vote (or cause to be voted), in person or by proxy, or deliver (or cause to be delivered) a written consent
covering, all covered shares as to which they control the right to vote, (1) in favor of the adoption and approval of the merger
agreement and the consummation of the transactions contemplated thereby, including the merger, (2) against any action or agreement
that could result in a breach of any covenant, representation or warranty or any other obligation of Landrum under the merger
agreement, (3) against any acquisition proposal and (4) against any action, agreement, amendment to any agreement or organizational
document, transaction, matter or proposal submitted for vote or written consent of the Landrum Class A shareholders that is intended
or would reasonably be expected to impede, interfere with, prevent, delay, postpone, discourage, disable, frustrate the purposes
of or adversely affect the merger or the other transactions contemplated by the merger agreement or the Landrum voting agreement
or the performance by Landrum of its obligations under the merger agreement or by the such person of his or her obligations under
the Landrum voting agreement. In addition, the Landrum voting agreements provide that such shareholders will not sell or transfer
any of their shares of Landrum common stock of which they are a record owner, subject to certain exceptions, until the earlier
of the receipt of the Landrum shareholder approval or the date on which the merger agreement is terminated in accordance with
its terms.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Landrum
voting agreements also provide that, for a period of two years following the closing date, directly or indirectly, either for
him or herself or for any other person other than for Simmons or Simmons&rsquo; affiliates, such shareholders will not within
50 miles of any branch or other office of Landmark Bank as of the date of the Landrum voting agreement participate in any business
that engages in the business of acting as a commercial, community or retail banking business; provided, that if, as of the date
of the Landrum voting agreement and at all times during such two year period, such shareholder holds not more than a 5% direct
or indirect equity interest in such person, then such shareholder may retain (but not increase) such ownership interest without
being deemed to &ldquo;participate&rdquo; in the business conducted by such person. In addition, the Landrum voting agreements
provide that, for a period of two years following the closing date, directly or indirectly, such shareholder will not (without
Simmons&rsquo; prior written consent other than for the benefit of Simmons or Simmons&rsquo; affiliates) solicit, call upon, communicate
with or attempt to communicate with any person that is or was a customer of Landrum or any of its affiliates during the one-year
period preceding the closing date for the purpose of engaging in opportunities related to the business of acting as a commercial,
community, or retail banking business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Landrum
voting agreements remain in effect until the earlier to occur of the closing and the date of termination of the merger agreement
in accordance with its terms; provided that, if the closing occurs, the non-competition provisions described immediately above
survive until the second anniversary of the closing date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As of
the Landrum record date, shares constituting approximately 14.15% of the Landrum Class A common stock entitled to vote
at the Landrum special meeting are subject to Landrum voting agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;The foregoing
description of the Landrum voting agreements is subject to, and qualified in its entirety by reference to, the Landrum voting
agreements, a form of which is attached to this proxy statement/prospectus as <U>Annex B</U> and is incorporated by reference
into this proxy statement/prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 101; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->91<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a063"></A>Material
U.S. Federal Income Tax Consequences Relating to the Merger</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
following general discussion constitutes the opinion of Covington, subject to the assumptions and qualifications set forth
below and in the tax opinion, which has been filed as Exhibit 8.1 to this registration statement to which this proxy statement/prospectus
is a part, as to certain material U.S. federal income tax consequences of the merger to a U.S. holder (as defined below)
that receives Simmons common stock or Simmons Series D preferred stock pursuant to the merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">For purposes
of this discussion, a &ldquo;U.S. holder&rdquo; means any beneficial owner of Landrum common stock or Landrum Series E preferred
stock that is, for U.S. federal income tax purposes, (1) an individual citizen or resident of the United States, (2) a corporation
(or entity treated as a corporation for U.S. federal income tax purposes) organized in or under the laws of the United States
or any state thereof or the District of Columbia, (3) a trust if (a) a court within the United States is able to exercise primary
supervision over the administration of the trust and one or more U.S. persons have the authority to control all substantial decisions
of the trust, or (b) such trust has made a valid election to be treated as a U.S. person for U.S. federal income tax purposes,
or (4) an estate, the income of which is subject to U.S. federal income tax regardless of its source.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This discussion
applies only to a U.S. holder who holds its shares of Landrum common stock or Landrum Series E preferred stock as a capital asset
and exchanges those shares for the per share merger consideration in the merger. Further, this discussion is for general information
only and does not purport to address all aspects of U.S. federal income taxation that might be relevant to a U.S. holder in light
of its particular circumstances and does not apply to a U.S. holder subject to special treatment under the U.S. federal income
tax laws (such as, for example, dealers or brokers in securities, commodities or foreign currencies, traders in securities that
elect to apply a mark-to-market method of accounting, banks and certain other financial institutions, insurance companies, regulated
investment companies and real estate investment trusts, tax-exempt organizations, holders subject to the alternative minimum tax
provisions of the Code, S corporations, holders whose functional currency is not the U.S. dollar, holders who hold shares of Landrum
common stock or Landrum Series E preferred stock as part of a hedge, straddle, constructive sale or conversion transaction or
other integrated investment, holders who exercise appraisal rights, or holders required to accelerate the recognition of any item
of gross income for U.S. federal income tax purposes with respect to an applicable financial statement). This discussion does
not address any U.S. federal tax consequences other than U.S. federal income tax consequences (including any U.S. federal estate,
gift, Medicare or alternative minimum taxes) or any U.S. state or local, or non-U.S. tax consequences.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If an
entity or an arrangement treated as a partnership for U.S. federal income tax purposes holds Landrum common stock or Landrum Series
E preferred stock, the tax treatment of a partner in such partnership generally will depend on the status of the partner and the
activities of the partnership. Any entity treated as a partnership for U.S. federal income tax purposes that holds Landrum common
stock or Landrum Series E preferred stock, and any partners in such partnership, are strongly urged to consult their tax advisors
about the tax consequences of the merger transactions to them.&#9;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This discussion,
and the tax opinions referred to below, is based upon the Code, the U.S. Treasury regulations promulgated thereunder and judicial
and administrative authorities, rulings, and decisions, all as in effect on the date of this proxy statement/prospectus. These
authorities may change, possibly with retroactive effect, and any such change could affect the accuracy of the statements and
conclusions set forth in this discussion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Determining
the actual tax consequences of the merger to you may be complex and will depend on your specific situation and on factors that
are not within our control. You are strongly urged to consult with your tax advisor as to the specific tax consequences of the
merger in your particular circumstances, including the applicability and effect of the alternative minimum tax and any U.S. federal,
state and local, foreign and other tax laws and of changes in those laws.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I></I></B></FONT></P>

<!-- Field: Page; Sequence: 102; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->92<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I>General</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
and Landrum intend for the merger to qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code.
It is a condition to the obligations of each of Simmons and Landrum to complete the merger that they receive an opinion from Covington,
in a form reasonably satisfactory to Simmons and Landrum, to the effect that the merger will qualify as a reorganization within
the meaning of Section 368(a) of the Code. Neither Simmons nor Landrum currently intends to waive this opinion condition to its
obligation to consummate the merger. In the event that Simmons or Landrum waives this opinion condition after this registration
statement is declared effective by the SEC, and if the tax consequences of the merger to Landrum shareholders have materially
changed, Landrum will recirculate appropriate soliciting materials and seek new approval of the merger from the Class A shareholders
of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The opinion
of Covington will be based on customary assumptions and representations from Simmons and Landrum, as well as certain covenants
and undertakings by Simmons and Landrum. If any of the assumptions, representations, covenants or undertakings is incorrect, incomplete,
inaccurate or is violated, the validity of the opinion described above may be affected and the U.S. federal income tax consequences
of the merger could differ materially from those described in this proxy statement/prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">An opinion
of counsel represents counsel&rsquo;s legal judgment but is not binding on the IRS or any court, so there can be no certainty
that the IRS will not challenge the conclusions reflected in the opinion or that a court would not sustain such a challenge. Neither
Simmons nor Landrum intends to obtain a ruling from the IRS with respect to the tax consequences of the merger. If the IRS were
to successfully challenge the &ldquo;reorganization&rdquo; status of the merger, the tax consequences would be different from
those set forth in this proxy statement/prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The following
discussion assumes that the merger qualifies as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I>U.S. Federal Income
Tax Consequences of the Merger to U.S. Holders</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">A U.S.
holder of Landrum common stock that exchanges its shares of Landrum common stock for Simmons common stock in the merger, except
with respect to cash received in lieu of fractional shares of Simmons common stock, generally will not recognize any gain or loss.
A U.S. holder of Landrum Series E preferred stock that exchanges its Landrum Series E preferred stock for Simmons Series D preferred
stock in the merger generally will not recognize gain or loss. Further, a U.S. holder will have the same aggregate tax basis and
holding period in the Simmons common stock or Simmons Series D preferred stock received in the merger (including any fractional
shares of Simmons common stock deemed received and exchanged for cash as described below) equal to such U.S. holder&rsquo;s tax
basis and holding period in the Landrum common stock or Landrum Series E preferred stock surrendered in exchange therefor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">A U.S.
holder that acquired different blocks of Landrum common stock or Landrum Series E preferred stock at different times or different
prices should consult its tax advisor regarding the manner in which the basis and holding period should be allocated among the
U.S. holder&rsquo;s Landrum common stock or Landrum Series E preferred stock, as applicable, in the U.S. holder&rsquo;s particular
circumstance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I>Cash Instead of Fractional
Shares</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If a U.S.
holder receives cash instead of a fractional share of Simmons common stock, the U.S. holder will be treated as having received
such fractional share of Simmons common stock pursuant to the merger and then as having received cash in exchange for such fractional
share of Simmons common stock. As a result, the U.S. holder generally will recognize gain or loss equal to the difference between
the amount of cash received instead of a fractional share and the U.S. holder&rsquo;s basis in the fractional share of Simmons
common stock as set forth </FONT></P>

<!-- Field: Page; Sequence: 103; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->93<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">above. Such gain or loss generally will be capital gain or loss and will be long-term capital gain or
loss if, as of the effective time, the U.S. holder&rsquo;s holding period for such fractional share (including the holding period
of shares of Landrum common stock surrendered therefor) exceeds one year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt"><FONT STYLE="font-size: 10pt"><B><I>Certain Reporting Requirements</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If a U.S. holder
receives Simmons common stock or Simmons Series D preferred stock pursuant to the merger and is considered a &ldquo;significant
holder,&rdquo; it will be required (1)&nbsp;to file a statement its U.S. federal income tax return providing certain facts pertinent
to the merger, including its tax basis in, and the fair market value of, the Landrum common stock or Landrum Series E preferred
stock that it surrendered, and (2)&nbsp;to retain permanent records of these facts relating to the merger. A holder of Landrum
common stock or Landrum Series E preferred stock is considered a &ldquo;significant holder&rdquo; if, immediately before the merger,
such holder (a)&nbsp;owned at least 1% (by vote or value) of the outstanding stock of Landrum or (b)&nbsp;owned Landrum securities
with a tax basis of $1.0 million or more.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>This discussion of certain material
U.S. federal income tax consequences is for general information purposes only and is not intended to be, and may not be construed
as, tax advice. Holders of Landrum common stock or Landrum Series E preferred stock are urged to consult their tax advisors with
respect to the application of U.S. federal income tax laws to their particular situations as well as any tax consequences arising
under the U.S. federal estate or gift tax rules, or under the laws of any state, local, foreign or other taxing jurisdiction or
under any applicable tax treaty.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 104; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->94<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a064"></A>DESCRIPTION
OF NEW SIMMONS SERIES D PREFERRED STOCK</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>Upon completion
of the merger, Landrum Series E preferred stock will be converted into Simmons Series D preferred stock, which will have such
rights, preference, privileges, and voting powers, and limitations and restrictions thereof, which, taken as a whole, are not
materially less favorable to the holders of Landrum Series E preferred stock that are in effect immediately prior to the effective
time, taken as a whole. The following briefly summarizes the terms and provisions of the Simmons Series D preferred stock.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Preferred Stock</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Simmons charter
currently authorizes Simmons to issue up to 40,040,000 shares of preferred stock, par value $0.01 per share, with aggregate liquidation
preference not to exceed $80,000,000. The Simmons charter currently authorizes the Simmons board of directors, without shareholder
action, to issue preferred stock in series, and to fix the designation, powers, preferences and rights of the shares of each such
series and the qualifications, limitations or restrictions thereof, subject to any limitations under Arkansas law and the Simmons
charter. Simmons may amend from time to time the Simmons charter to increase the number of authorized shares of preferred stock.
Any such amendment may be adopted by the approval of 80% of the shares entitled to vote on such amendment, unless such amendment
has been approved by an affirmative vote of 80% of the disinterested directors, in which case only a majority of the outstanding
shares is required to approve such amendment, without a vote of the holders of preferred stock, unless a vote of any such holders
is required pursuant to the terms of any preferred stock designation. As of the date of this proxy statement/prospectus, there
are no shares of Simmons Series D preferred stock outstanding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Series D Preferred Stock</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Upon completion
of the merger and the issuance of shares of Simmons Series D preferred stock in exchange for shares of Landrum Series E preferred
stock which are to be converted into shares of Simmons Series D in connection with the merger, shares of Simmons Series D Preferred
Stock will be validly issued, fully paid, and nonassessable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">With respect
to the payment of dividends and the distribution of assets in the event of any dissolution, liquidation, or winding-up of Simmons,
the Simmons Series D preferred stock will rank (i) equally with any class or series of stock of Simmons the terms of which do
not expressly provide that such class or series will rank senior or junior to Series D Preferred Stock, as to dividend rights
and/or as to rights upon liquidation, dissolution, or winding up of Simmons, without regard to whether dividends accrue cumulatively
or non-cumulatively, which we refer to as parity stock, and (ii) senior to the Simmons common stock and any other class or series
of stock of Simmons the terms of which expressly provide that it ranks junior to Simmons Series D Preferred Stock as to dividend
rights and/or as to rights upon dissolution, liquidation, or winding up of Simmons, which we refer to as junior stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Simmons Series
D preferred stock will be perpetual and will have no maturity date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Preemptive Rights</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No share of Simmons
Series D preferred stock shall have any rights of preemption whatsoever as to any securities of Simmons, or any warrants, rights
or options issued or granted with respect thereto, regardless of how such securities, or such warrants, rights or options, may
be designated, issued or granted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Dividends</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Dividends on
the Simmons Series D preferred stock will be non-cumulative and will not be mandatory. Holders of Simmons Series D preferred stock
shall be entitled to receive, on each share of Simmons Series D preferred stock if, as and when declared by the Simmons board
of directors or any duly authorized committee, non-cumulative cash dividends with respect to each calendar year, which we refer
to as a dividend period, at a </FONT></P>

<!-- Field: Page; Sequence: 105; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->95<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">per annum rate of 6.75% on the Series D liquidation amount of $1,000 per share of Simmons Series
D preferred stock. Such dividends shall be payable annually in one or more installments as may be determined by the Simmons board
of directors in its sole discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If the Simmons
board of directors or any duly authorized committee does not declare a dividend on the Simmons Series D preferred stock in respect
of any dividend period, the holders of Simmons Series D preferred stock will have no right to receive any dividend for such dividend
period, and Simmons will have no obligation to pay a dividend for such dividend period, whether or not dividends are declared
for any subsequent dividend period with respect to the Simmons Series D preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Priority Regarding Dividends</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Subject to
the immediately following paragraph, so long as any share of Simmons Series D preferred stock remains outstanding, no dividend
or distribution shall be declared or paid on the Simmons common stock or any other shares of junior stock (other than dividends
payable solely in shares of Simmons common stock) or parity stock, subject to the immediately following paragraph, and no Simmons
common stock, junior stock or parity stock shall be, directly or indirectly, purchased, redeemed or otherwise acquired for consideration
by Simmons or any of its subsidiaries unless all dividends on all outstanding Simmons Series D preferred stock for the current
dividend period have been or are contemporaneously declared and paid in full (or have been declared and a sum sufficient for payment
has been set aside for the benefit of the holders of shares of Simmons Series D preferred stock). This restriction, however, does
not apply to (i) redemptions, purchases or other acquisitions of shares of Simmons common stock or other junior stock in connection
with the administration of any employee benefit plan in the ordinary course of business and consistent with past practice; (ii)
the acquisition by Simmons or any of its subsidiaries of record ownership in junior stock or parity stock for the beneficial ownership
of any other persons (other than Simmons or any of its subsidiaries), including as trustees or custodians; and (iii) the exchange
or conversion of junior stock for or into other junior stock or of parity stock for or into other parity stock (with the same
or lesser aggregate liquidation amount) or junior stock, in each case, solely to the extent required pursuant to binding contractual
agreements entered into prior to October 1, 2016 or any subsequent agreement for the accelerated exercise, settlement or
exchange thereof for Simmons common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
the foregoing, dividends on junior stock may be paid to the holders thereof even if the entire annual dividends on the Simmons
Series D preferred stock for a dividend period have not been declared and paid, subject to the limitations set forth in this paragraph.
If the holders of the Simmons Series D preferred stock have received from Simmons for the dividend period the per share dividend
amounts indicated in the table set forth below, up to and including the indicated calendar quarters within the dividend period,
then the Simmons board of directors may declare and Simmons may pay dividends on all junior stock, in the aggregate, up to the
funds legally available for such payment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="width: 50%; border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Calendar
    quarter within the dividend period</B></FONT></td>
    <TD NOWRAP STYLE="width: 50%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Aggregate
    percentage of liquidation amount paid as <BR>
dividends on Simmons Series D preferred share, per <BR>
share, for the dividend period</B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">January
    1-March 31</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">1.6875%</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">April
    1-June 30</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">3.375%</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">July
    1-September 30</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">5.0625%</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">October
    1-December 31</FONT></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">6.750%</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Subject to the
foregoing, and not otherwise, such dividends (payable in cash, securities or other property) as may be determined by the Simmons
board of directors or any duly authorized committee of the Simmons board of directors may be declared and paid on any securities,
including Simmons common stock and other junior stock, from time to time out of any funds legally available for such payment,
and holders of Simmons Series D preferred stock shall not be entitled to participate in any such dividends.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 106; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->96<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Restrictions on the Payment of
Dividends</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The payment of
dividends on the Simmons Series D preferred stock is subject to the priority provisions and other restrictions described above
in &ldquo;&mdash;Dividends&rdquo; and &ldquo;&mdash;Priority Regarding Dividends.&rdquo; Holders of Simmons Series D preferred
stock shall not be entitled to receive dividends to the extent that the declaration of and/or payment of such dividends is prohibited
by applicable law or regulation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>No Mandatory Redemption</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Simmons Series
D preferred stock will not be subject to any mandatory redemption, sinking fund or other similar provisions. Simmons shall not
guarantee or otherwise secure or enhance any of the rights or preferences of the holders of Simmons Series D preferred stock beyond
those rights and privileges created in the certificate of designations for Simmons Series D preferred stock. Holders of Simmons
Series D preferred stock will have no right to require redemption or repurchase of any shares of Simmons Series D preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Optional Redemption</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Subject to
prior approval by the Federal Reserve or other required regulatory approvals, (a) on or after October 1, 2021 or (b) if the Simmons
Series D preferred stock no longer constitutes additional tier 1 capital of Simmons, Simmons, at its option, may redeem, in whole
or in part, at any time and from time to time, out of funds legally available therefor, the shares of Simmons Series D preferred
stock at the time outstanding, upon notice given as described below in &ldquo;&mdash;Redemption Procedures&rdquo;, at a redemption
price equal to the sum of (i) the redemption amount of $1,000 per share of Simmons Series D preferred stock and (ii) the amount
equal to the sum of any declared and unpaid dividends plus any dividends payable but unpaid for the then current dividend
period to, but excluding, the date fixed for redemption (regardless of whether any dividends are actually declared for that dividend
period).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In case of any
redemption of part of the shares of Simmons Series D preferred stock at the time outstanding, the shares to be redeemed shall
be selected either pro rata or in such other manner as the Simmons board of directors or a duly authorized committee thereof may
determine to be fair and equitable. Subject to the provisions of the certificate of designations, the Simmons board of directors
or a duly authorized committee thereof shall have full power and authority to prescribe the terms and conditions upon which shares
of Simmons Series D preferred stock shall be redeemed from time to time. If fewer than all the shares represented by any certificate
are redeemed, a new certificate shall be issued representing the unredeemed shares without charge to the holder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Redemption Procedures</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If any shares
of Simmons Series D preferred stock are to be redeemed, a notice of redemption shall be sent by first class mail, postage prepaid,
to the holders of record of the shares to be redeemed at their address of record. Any notice of redemption shall be mailed at
least 30 days and no more than 60 days before the redemption date, and each notice of redemption will include a statement setting
forth the redemption date, the number of shares of Simmons Series D preferred stock to be redeemed and, if less than all shares
held by the holder are to be redeemed, the number of shares to be redeemed from such holder, the redemption price, and the place
or places to surrender certificates for payment of the redemption price. Shares of the Simmons Series D preferred stock that are
redeemed, repurchased, or otherwise acquired by Simmons shall revert to authorized but unissued preferred stock, provided that
any such cancelled Simmons Series D Preferred Stock may be reissued only as shares of another series of undesignated preferred
shares of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Conversion Rights</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The holders of
the Simmons Series D preferred stock shall have no right to exchange or convert such shares into any other securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I></I></FONT></P>

<!-- Field: Page; Sequence: 107; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->97<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Liquidation Rights</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In the event
of any liquidation, dissolution, insolvency, receivership or other winding up of Simmons, whether voluntary or involuntary, holders
of Simmons Series D preferred stock shall be entitled to receive for each share of Simmons Series D preferred stock out of the
assets of Simmons or proceeds thereof (whether capital or surplus) available for distribution to Simmons shareholders, subject
to the rights of any creditors of Simmons, before any distribution of such assets or proceeds is made to or set aside for holders
of Simmons common stock and any other junior stock as to such distribution, payable in full in an amount equal to the Series D
liquidation preference, which is the sum of (i) the liquidation amount of $1,000 per share of Simmons Series D preferred stock
and (ii) the amount of any declared and unpaid dividends on each such share.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If the assets
of Simmons or proceeds thereof are not sufficient to pay in full the amounts payable with respect to all outstanding shares of
Simmons Series D preferred stock and the corresponding amounts payable with respect of any other stock of Simmons ranking equally
with Simmons Series D preferred stock as to such distribution, holders of Simmons Series D preferred stock and the holders of
such other stock shall share ratably in any such distribution in proportion to the full respective distributions to which they
are entitled.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">After payment
of the full amount of the liquidation preference and the corresponding amounts payable to parity stock, the remaining assets of
Simmons or proceeds thereof shall be distributed to the holders of other stock of Simmons according to their respective rights
and preferences.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons&rsquo;
merger or consolidation with any other entity, including a merger or consolidation in which the holders of Simmons Series D preferred
stock receive cash, securities, or other property for their shares, or the sale, lease or exchange (for cash, securities or other
property) of all or substantially all of the assets of Simmons, shall not constitute a liquidation, dissolution, or winding up
of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Any distributions
to the holders of Simmons Series D preferred stock as payment, in whole or in part, of the Series D liquidation preference shall
be subordinated to the payment in full of the claims of general creditors and subordinated debt holders of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><I>Voting Rights </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Except
as provided below or as otherwise from time to time required by law, the holders of Simmons Series D preferred stock will not
have any voting rights. In addition to any other vote or consent of shareholders required by law or by the Simmons charter,
the vote or consent of the holders of at least a majority of the shares of Simmons Series D preferred stock at the time outstanding,
voting as a class, shall be necessary for effecting or validating:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a) any amendment
or alteration of the certificate of designations of Simmons Series D preferred stock or the Simmons charter to authorize, create,
or increase the authorized amount of, or designate any new class of shares or any issuance of, any shares of, or any securities
convertible into or exchangeable or exercisable for shares of, any class or series of capital stock of Simmons ranking senior
to Simmons Series D preferred stock with respect to either or both the payment of dividends and/or the distribution of assets
on any liquidation, dissolution or winding up of Simmons;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b) any amendment,
alteration or repeal of any provision of the certificate of designations for the Simmons Series D preferred stock or the Simmons
charter (including, unless no vote on such merger or consolidation is required by the certificate of designations, and amendment,
alteration or repeal by means of a merger, consolidation or otherwise) that adversely affects the rights, preferences, privileges
or voting powers of the Simmons Series D preferred stock; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c) any consummation
of a binding share exchange or reclassification involving the Simmons Series D preferred stock, or of a merger or consolidation
of Simmons with another corporation or other entity, unless </FONT></P>

<!-- Field: Page; Sequence: 108; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->98<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">in each case (i) the shares of Simmons Series D preferred stock remain
outstanding or, in the case of any such merger or consolidation with respect to which Simmons is not the surviving or resulting
entity, are converted into or exchanged for preference securities of the surviving or resulting entity or its ultimate parent,
and (ii) such shares remaining outstanding or such preference securities have rights, preferences, privileges and voting powers,
and limitations and restrictions thereof, that taken as a whole are not materially less favorable to the holders hereof than the
rights, preferences, privileges and voting powers, and limitations and restrictions thereof, of the Simmons Series D preferred
stock immediately prior to such consummation, taken as a whole; provided, that for all purposes of this subsection, any increase
in the amount of the authorized preferred stock of Simmons, including any increase in the authorized amount of Simmons Series
D preferred stock necessary to satisfy preemptive or similar rights granted by Simmons to other persons prior to October 1,
2016, or the creation and issuance, or an increase in the authorized or issued amount, whether pursuant to preemptive or similar
rights or otherwise, of any other series of preferred stock of Simons, or any securities convertible into or exchangeable or exercisable
for any other series of preferred stock of Simmons, ranking equally with and/or junior to Simmons Series D preferred stock with
respect to the payment of dividends (whether such dividends are cumulative or non-cumulative) and the distribution of assets upon
liquidation, dissolution, or winding up of Simmons will not be deemed to adversely affect the rights, preferences, privileges,
or voting powers, and shall not require the affirmative vote or consent of, the holders of outstanding shares of the Simmons Series
D preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 109; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->99<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a065"></A>COMPARISON
OF SHAREHOLDERS&rsquo; RIGHTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>If the merger
is completed, Landrum common shareholders will have a right to receive shares of Simmons common stock for their shares of Landrum
common stock. Landrum is organized under the laws of Missouri, and Simmons is organized under the laws of Arkansas. Simmons and
Landrum believe that the following summary describes the material differences between (1) the rights of Landrum common shareholders
as of the date of this proxy statement/prospectus under the MGBCL, the Landrum charter and the Landrum bylaws, and (2) the rights
of holders of Simmons common stock as of the date of this proxy statement/prospectus under the Arkansas Business Corporation Act
of 1987, or the ABCA, and the Simmons charter and the Simmons bylaws.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>The following
summary is not a complete statement of the rights of shareholders of the two companies or a complete description of the specific
provisions referred to below. This summary is qualified in its entirety by reference to the MGBCL, the ABCA, and Landrum&rsquo;s
and Simmons&rsquo; governing documents, which we urge Landrum common shareholders to read. Copies of Simmons&rsquo; governing
documents have been filed with the SEC and copies of each company&rsquo;s governing documents can be found at its respective principal
office. To find out where copies of these documents can be obtained, see the section entitled &ldquo;Where You Can Find More Information.&rdquo;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 26%; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Capitalization:</I></B></FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum charter authorizes it to issue
    3,000,000 shares of Class A Common Voting Stock, par value $0.01 per share, 1,000,000 shares of Class B Common Nonvoting Stock,
    par value $0.01 per share, and 100,000 shares of no par value preferred stock.</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Simmons charter authorizes it to issue
    175,000,000 shares of Class A Common Stock, par value $0.01 per share, and 40,040,000 shares of preferred stock, par value
    $0.01 per share.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Voting Rights:</I></B></FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Each share of Landrum Class A common stock
    carries one vote and has unrestricted voting rights. Shares of Landrum Class B stock do not have voting rights.</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Each share of Simmons common stock carries
    one vote and has unrestricted voting rights.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Dividend Rights:</I></B></FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum bylaws provide that the board
    of directors may, subject to Missouri law and the Landrum charter, declare and pay dividends on Landrum&rsquo;s outstanding
    shares.</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Simmons
                                         shareholders are entitled to receive dividends as and when declared by the Simmons board
                                         of directors. No dividends can be declared on Simmons common stock unless a like dividend
                                         is declared and paid on outstanding shares</FONT></P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">of
                                         Simmons preferred stock.</FONT></P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0"></P></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 110; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->100<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 26%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">
                                                         <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Under
                                         Section 4-27-640 of the ABCA, the board of directors may issue dividends to its shareholders
                                         subject to the restrictions in its charter; provided that no distribution will be made
                                         if, after giving it effect: (1) the corporation would not be able to pay its debts as
                                         they become due in the usual course of business or (2) the corporation&rsquo;s total
                                         assets would be less than the sum of its total liabilities plus (unless otherwise permitted
                                         in the charter) the amount that would be needed, if the corporation were to be dissolved
                                         at the time of distribution, to satisfy the preferential rights upon dissolution of shareholders
                                         whose preferential rights are superior to those receiving the distribution.</FONT></P></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 26%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Number of Outstanding
    Shares Before the Merger:</I></B></FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">As of September 10,
    2019 there were approximately 655,577 shares of Landrum Class A common stock, 24,757 shares of Landrum
    Class B Common Stock, and 767 shares of Landrum Series E preferred stock outstanding.</FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">As of September 10,
    2019 there were approximately 96,610,414 shares of Simmons common stock and no shares of Simmons Series D preferred
    stock outstanding.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Number of Outstanding</I></B> <B><I>Shares
    After the Merger:</I></B></FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Immediately after the merger, Landrum will
    have no shares of Landrum common stock or preferred stock outstanding.</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Immediately after the merger, Simmons will
    have 113,960,414 shares of Simmons common stock outstanding and 767 shares of Simmons Series D preferred stock
    outstanding.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Estimated Voting</I></B> <B><I>Percentage
    After the Merger:</I></B></FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Upon conclusion of the merger, it is expected
    that existing holders of Landrum common stock will own approximately 15.2% of Simmons common stock.</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Upon conclusion of the merger, it is expected
    that existing Simmons shareholders will own approximately 84.8% of Simmons common stock.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Rights of Holders of Stock</I></B>
<B><I>Subject to Future Issuance of Capital Stock:</I></B></FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The rights of holders of Landrum common
    stock may be affected by the future issuance of Simmons common or preferred stock. </FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The rights of holders of Simmons common
    stock may be affected by the future issuance of Simmons common or preferred stock. </FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Pre-Emptive Rights</I></B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">The Landrum charter provides that no holders
    of any class of shares of Landrum will have any preemptive right to purchase, subscribe for or otherwise acquire shares of
    Landrum.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">The Simmons charter provides that no holders
    of any class of shares of Simmons have a pre- emptive right to purchase, subscribe for or take any part of any stock issued,
    optioned, or sold by Simmons.</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 111; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->101<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 26%"><FONT STYLE="font-size: 10pt"><B><I>Quorum:</I></B></FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><FONT STYLE="font-size: 10pt">Under the Landrum bylaws, a majority of
    voting shares issued and outstanding and entitled to vote for the election of directors, represented in person or by proxy,
    constitutes a quorum at a meeting of the shareholders.</FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><FONT STYLE="font-size: 10pt">Under the Simmons bylaws, a majority of
    the votes entitled to be cast, represented in person or by proxy, constitutes a quorum at a meeting of the shareholders.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Notice of Shareholder</I></B> <B><I>Meetings:</I></B></FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum bylaws provide that written
    notice stating the place, day and hour of the meeting and, in case of a special meeting, the purpose or purposes for which
    the meeting is called, will be given not less than ten nor more than 60 days before the date of the meeting, either personally,
    by electronic transmission, by courier, or by mail, by or at the direction of the board of directors, the chairman of the
    board, the president, or the secretary, to each shareholder of record entitled to vote at such meeting. Such notice will be
    deemed to have been given: (i) when received if delivered in person; (ii) on the date of acknowledgment or confirmation of
    receipt if sent by e-mail, facsimile, or other electronic transmission; (iii) one day after delivery, properly addressed and
    fees prepaid, to a reputable courier for same day or overnight delivery; or (iv) two days after being deposited, properly
    addressed and postage prepaid, in the United States mail.</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Simmons bylaws provide that written
    or printed notice stating the place, day and hour of the meeting, and in case of a special meeting, the purpose or purposes
    for which the meeting is called, must be delivered not less than 10 nor more than 60 days before the date of the meeting,
    unless one of the purposes of the meeting is to increase the authorized capital stock or bond indebtedness of Simmons, in
    which case the notice must be delivered not less than 60 nor more than 75 days prior to the date of meeting, either personally
    or by mail, at the direction of the chairman of the board of directors, the president, the chief executive officer or the
    secretary or the officer or persons calling the meeting of each shareholder of record entitled to vote at such meeting. If
    mailed, such notice is deemed to be delivered when deposited in the United States mail, addressed to the shareholder at the
    address as it appears on the stock transfer books of the corporation, with postage thereon prepaid.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<!-- Field: Page; Sequence: 112; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->102<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 26%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B><I>Election, Size and</I></B> <B><I>Classification
    of Board of Directors:</I></B></FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum charter provides
    that the Landrum board of directors will consist of nine directors, the number to be changed and fixed in the manner provided
    for in the Landrum bylaws. The Landrum charter provides that Landrum Class A shareholders are entitled to cumulative voting.
    Each Landrum Class A shareholder has the right to cast votes equal to (i) the number of such shares of Class A common stock
    held multiplied by (ii) the number of directors to be elected, and the shareholder may cast all of such votes for a single
    director or may distribute them among the number of directors to be elected, or any two or more of them, as such shareholder
    may deem fit.</FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif">The Simmons charter provides that the board     of directors
    will consist of not less than five nor more than 25 directors, the exact number to be determined by the vote     of the
    majority of directors or by resolution of the shareholders. <FONT STYLE="font-size: 10pt">The Simmons board of directors
    has the power, in between annual shareholders&rsquo; meetings, to increase the number of directors by two more than the
    number     of directors last elected by shareholders, where such number was 15 or less, and by four more than the number of
    directors     last elected by the shareholders, where such number 16 or more, but in no event may the number of directors
    exceed 25 without     any further action of the shareholders in accordance with the Simmons bylaws.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Directors
                                         are elected at annual meetings. Each person appointed or elected as director will hold
                                         office until the annual meeting of the shareholders at which his or her term expires.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Presently, the Landrum board of directors consists of 14 members.</FONT></P></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Directors are elected at an annual shareholders&rsquo;
    meeting, or if the annual meeting is not held, at a special meeting called for the purpose of the election of directors. Each
    director holds office until the next annual meeting of the shareholders. Directors are elected by a majority of the votes
    cast by the shareholders present in person or represented by proxy and entitled to vote thereon in an uncontested election.
    If an election is contested, directors are elected by a plurality of the votes cast by the shareholders present in person
    or represented by proxy and entitled to vote thereon. Simmons shareholders are not entitled to cumulative voting in the election
    of directors.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Presently, the Simmons board
        of directors consists of 15 members.</FONT></P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0"></P></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 113; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->103<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 26%"><FONT STYLE="font-size: 10pt"><B><I>Board Vacancies:</I></B></FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><FONT STYLE="font-size: 10pt">The Landrum bylaws provide that whenever
    any vacancy on the board of directors occurs due to death, resignation, or resulting from an increase in the authorized number
    of directors, a majority of the survivors or remaining directors then in office, although less than quorum, may fill the vacancy
    or vacancies so created until a successor or successors will be duly elected at an annual meeting of shareholders. Whenever
    the Landrum board of directors is divided into separate classes, the surviving or remaining directors then in office of the
    same class of directors where the vacancy exists (or, if there are no surviving or remaining directors of the same class of
    directors, then, unless the Landrum articles provide otherwise, the surviving or remaining directors then in office) shall
    designate the class in which the newly appointed director will serve, and the term of office of such newly appointed director
    will be until the annual meeting of shareholders in which the terms of directors in that class are scheduled to expire.</FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><FONT STYLE="font-size: 10pt">Any vacancy on the Simmons board of directors,
    including an increase in the number of directors, may be filled by the affirmative vote of a majority of the remaining directors
    or, if the directors remaining in office constitute fewer than a quorum of the board of directors, by the affirmative vote
    of a majority of all of the directors remaining in office. Section 4-27-810 of the ABCA provides that the shareholders or
    board of directors may fill a vacancy on the board of directors, unless otherwise provided by the charter.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 26%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Removal of Directors:</I></B></FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Landrum bylaws provide that except
    as otherwise provided in the Landrum charter or law, the shareholders will have the power, by an affirmative vote of a majority
    of the outstanding shares entitled to vote for</FONT> <FONT STYLE="font-size: 10pt">the election directors at any
    regular or special meeting expressly called for that purpose, to remove any director from office with or without cause. If
    cumulative voting applies to the election of directors and if less than the entire board is to be removed, no one director
    may be removed if the votes cast against his or her removal would be sufficient to elect him or her if then voted cumulatively
    at an election of the entire board of directors.</FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The Simmons charter and bylaws
    do not address the removal of directors. Section 4-27-808 of the ABCA provides that if cumulative voting is not authorized
    one or more directors may be removed, with or without cause, only if the number of votes cast to remove the director exceeds
    the number of votes cast not to remove such director; provided, that, if cumulative voting is authorized, a director may not
    be removed if the number of votes sufficient to elect such director under cumulative voting is voted against his or her removal.
    If a director is elected by a voting group of shareholders, only the shareholders of that voting group may participate in
    the vote to remove him or her. A director also may be removed by the shareholders only at a meeting called for the purpose
    of removing the director and the meeting notice must state that one of the purposes of the meeting is removal of the director.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 114; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->104<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 26%"><FONT STYLE="font-size: 10pt"><B><I>Votes on Extraordinary</I></B> <B><I>Corporate
    Transactions:</I></B></FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><FONT STYLE="font-size: 10pt">Under Missouri law, the affirmative vote
    of the holders of at least two-thirds of the outstanding shares of the corporation entitled to vote is required to approve
    a merger or other fundamental business transaction.</FONT></td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><FONT STYLE="font-size: 10pt">The Simmons charter provides that any
    merger, sale of substantially all of the Simmons&rsquo; assets, liquidation or dissolution, or any reclassification of the
    corporation&rsquo;s securities will require the affirmative vote of the holders of at least 80% of the outstanding voting
    shares, unless such business combination is approved by 80% of the disinterested directors (defined above). Under Section
    4-27-1107 of the ABCA, a plan of merger may be approved if the board of directors recommends the merger to the shareholders
    (subject to certain exceptions) and shareholders entitled to vote approve the plan. Section 4-27-1107(g) of the ABCA provides
    that action by the shareholders of the surviving corporation on a plan of merger is not required if: (1) the articles of
    incorporation of the surviving corporation will not differ (except for certain enumerated amendments) from its articles
    before the merger; (2) each shareholder of the surviving corporation whose shares were outstanding immediately before the
    effective date of the merger will hold the same number of shares or the interest comparable to shares in an entity other than
    a corporation, with identical designations, preferences, limitations, and relative rights immediately after the merger; (3)
    the number of voting shares outstanding immediately after the merger plus the number of voting shares issuable as a result of
    the merger either by the conversion of securities issued pursuant to the merger or by the exercise of rights and warrants
    issued pursuant to the merger, will not exceed by more than 20% the total number of voting shares of the surviving
    corporation outstanding immediately before the merger; and (4) the number of participating shares outstanding immediately
    after the merger plus the number of participating shares issuable as a result of the merger either by the conversion of
    securities issued pursuant to the merger or by the exercise of rights and warrants issued pursuant to the merger, will not exceed by more than 20% the
total number of participating shares outstanding immediately before the merger</FONT>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>



<FONT STYLE="font-size: 10pt"></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<!-- Field: Page; Sequence: 115; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->105<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 26%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%">Under Section 4-27-1202 of the ABCA, a sale of all or substantially all of the corporation&rsquo;s assets other than in the regular course of business must be proposed by the board of directors and the corporation&rsquo;s shareholders must approve the proposed transaction.</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD><b><i>Consideration of Other Constituencies:</i></b></td>
    <TD>&nbsp;</TD>
    <TD>Under the MGBCL, the board of directors of the corporation may consider the following factors, among others: (i) The consideration being offered in the acquisition proposal in relation to the board&rsquo;s estimate of: the current value of the corporation in a freely negotiated sale of either the corporation by merger, consolidation or otherwise, or all or substantially all of the corporation&rsquo;s assets, the current value of the corporation if orderly liquidated, the future value of the corporation over a period of years as an independent entity discounted to current value; (ii) then existing political, economic and other factors bearing on security prices generally or the current market value of the corporation&rsquo;s securities in particular;&nbsp;(iii) whether the acquisition proposal might violate federal, state or local laws; (iv) social, legal and economic effects on employees, suppliers, customers and others having similar relationships with the corporation, and the communities in which the corporation conducts its businesses; (v) the financial condition and earning prospects of the person making the acquisition proposal including the person&rsquo;s ability to service its debt and other existing or likely financial obligations; and (vi) the competence, experience and integrity of the person making the acquisition proposal.</td>
    <TD>&nbsp;</TD>
    <TD>The Simmons charter provides that after receipt of a tender offer, merger offer, or other acquisitive offer, the board of directors must consider (i) the impact on Simmons, its subsidiaries, shareholders and employees and the communities served by Simmons, (ii) the timeliness of the proposed transaction considering the business climate and strategic plans of Simmons, (iii) the existence of any legal defects or regulatory issues involved in the proposed transaction, (iv) the possibility of non-consummation of the transaction due to lack of financing, regulatory issues or identified issues, (v) current market price of Simmons common stock and its consolidated assets, (vi) book value of Simmons common stock, (vii) the relationship of the offered price for Simmons common stock to the opinion of the board of directors of the current value of Simmons in a negotiated transaction, (viii) the relationship of the offered price for Simmons common stock to the opinion of the board of directors of the future value of Simmons as an independent entity, and (ix) such other criteria as the board may determine is appropriate.</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 116; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->106<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 26%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD><b><i>Charter Amendment:</i></b></td>
    <TD>&nbsp;</TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">The Landrum charter provides that a vote of the holders of two-thirds of the issued and outstanding shares entitled to vote is required to amend the monetary damages for breach of fiduciary duty provision, the indemnification provision, and the business combinations with &ldquo;interested shareholder&rdquo; provision.</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Under the MGBCL, all amendments to the charter are adopted upon receiving the affirmative vote of a majority of the outstanding shares entitled to vote on the proposal (or such higher majority as may be required by the charter) after the board of directors has submitted the proposal to a vote at a shareholders&rsquo; meeting.</P></td>
    <TD>&nbsp;</TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">The Simmons charter provides that it may be amended by the approval of 80% of the shares entitled to vote on such amendment, unless such amendment has been approved by an affirmative vote of 80% of the disinterested directors, in which case only a majority of the outstanding shares is required to approve such amendment.</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Under Section 4-27-1002 of the ABCA, the board of directors may amend the charter of a corporation without shareholder approval to extend its duration, change the name of the corporation to include words required by the ABCA, declare a forward stock split in a class of shares if there is only one class outstanding, and for certain other ministerial actions. Any other amendment to the charter must first be approved by a majority of the board of
    directors and thereafter by the affirmative vote of a majority of all shares entitled to vote thereon, by any voting group
    with respect to which the amendment would create dissenters&rsquo; rights, pursuant to Section 4-27-1003 of the ABCA.</P></td></tr>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: top">
    <TD STYLE="width: 26%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%">Notwithstanding the foregoing, under Arkansas law, a majority of a class of stock must approve any amendment that adversely affects their particular class as further described in Section 4-27-1004 of the ABCA</td></tr>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 117; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->107<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 26%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD><b><i>Amendment of Bylaws:</i></b></td>
    <TD>&nbsp;</TD>
    <TD>The Landrum charter provides that the Landrum bylaws may be amended or repealed, or new bylaws may be adopted, in either of the following ways: (i) by the holders of a majority of the issued and outstanding shares of Landrum stock entitled to vote generally in an election of directors, or (b) by the board of directors acting by a majority of the then serving directors.</td>
    <TD>&nbsp;</TD>
    <TD>The Simmons bylaws provide that they may be amended, altered, or repealed, at any meeting of the board of directors, by a majority vote. Section 4-27-1020 of the ABCA provides that a corporation&rsquo;s board of directors may amend or repeal the corporation&rsquo;s bylaws unless otherwise stated in the corporation&rsquo;s charter or the amendment deals with a particular provision that is reserved for shareholders&rsquo; approval. A corporation&rsquo;s shareholders may amend or repeal the corporation&rsquo;s bylaws even though the bylaws may also be amended by the board of directors.</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD><b><i>Business Combination Involving Interested Shareholders:</i></b></td>
    <TD>&nbsp;</TD>
    <TD>The MGBCL contains a business combination statute that prohibits a business combination between a corporation and an interested shareholder (one who beneficially owns 20% or more of the corporation&rsquo;s outstanding voting stock or who is an affiliate or associate of the corporation and at any time within the previous five years was the beneficial owner of 20% or more of the corporation's outstanding voting stock) for a period of five years after the interested shareholder first becomes an interested shareholder, unless the business combination or the acquisition of stock that resulted in the interested shareholder becoming an interested shareholder is approved by the board of directors on or before the date that the interested shareholder became an interested shareholder or unless the corporation has exempted itself from the statute pursuant to a provision in its original articles of incorporation or, subject to certain conditions, a shareholder-approved bylaw amendment. </td>
    <TD>&nbsp;</TD>
    <TD>The Simmons charter provides that an interested shareholder (person who owns more than 10% of Simmons common stock) may only acquire additional voting shares through a cash tender offer at a price not less than the highest closing price of Simmons common stock during the most recent 24 months, unless such shareholder is exempt from this restriction by the board of directors prior to becoming an interested shareholder, or the additional voting shares are acquired through a business combination.</td></tr>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 118; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->108<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 26%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<tr style="vertical-align: top">
    <TD><b><i>&nbsp;</i></b></td>
    <TD>&nbsp;</TD>
    <TD>&nbsp; After the five-year period has elapsed, a corporation subject to the statute may not consummate a business combination with an interested shareholder unless the transaction has been approved by the holders of a majority of the voting stock, excluding shares beneficially owned by the interested shareholder and its affiliates and associates. This approval requirement need not be met if certain fair price and terms criteria have been satisfied. Landrum is subject to the Missouri business combination statute.</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td></tr>
</table>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 26%"><B><I>Special Meetings of Shareholders:</I></B></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%">The Landrum bylaws provide that special meetings of shareholders will be called by the chairman of the board, the president, the board of directors, or the holders of a majority of the outstanding shares of any class entitled to vote at such meeting.</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%">The Simmons bylaws provide that special meetings of shareholders may be called by the chairman of the
    Simmons board of directors, president, chief executive officer or by the majority of the board of directors, and may be
    called by the chairman of the board of directors or president at the request of the holders of not less than one-tenth (10%)
    of all the outstanding shares of Simmons entitled to vote at a meeting. Under Section 4-27-702 of the ABCA, a corporation will hold a special meeting of shareholders if called by the board of directors, the person authorized to do so by the charter or bylaws, or the holders of at least 10% of all votes entitled to be cast on any issue proposed to be considered at the proposed special meeting.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 119; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->109<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 26%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Shareholder Right to</I></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Make Proposals and to</I></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Nominate Directors:</I></B></P></TD>
    <TD>&nbsp;</TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 10pt">For nominations properly to be brought before an annual meeting by a shareholder, the Landrum bylaws provide that the shareholder must have given timely notice thereof in proper written form to the secretary. To be timely, a shareholder&rsquo;s notice must be delivered to or mailed and received at the principal executive offices of the corporation not less than 60 days nor more than 90 days prior to the meeting; provided, however, that if no annual meeting was held in the previous year or the date of the annual meeting has been changed by more than 30 calendar days from the date contemplated at the time of the previous year&rsquo;s annual meeting, a proposal must be received within such time before the annual meeting as shall be established by the board of directors. To be valid, a shareholder&rsquo;s notice to the secretary must set forth (i) as to each person whom the shareholder proposes to nominate for election or re-election as a director, (a) the name, age, business address, and residence address of the person; (b) the principal occupation or employment of the person; (c) the number of shares of Landrum that are beneficially owned by the person; and (d) any other information relating to the person that is required to be disclosed in solicitations for proxies for election of directors pursuant to Regulation 14A under the Exchange Act; and (ii) as to the shareholder giving notice, (a) the name and record address of the shareholder and (b) the number of shares of Landrum that are beneficially owned by the shareholder.</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Shareholder proposals intended for presentation at the annual meeting of shareholders must comply with respect to time of submission, contents, and otherwise with Rule 14a-8 of the Exchange Act.</P></TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Simmons bylaws provide that a shareholder of record or a person
        who holds shares of Simmons stock through a nominee or street name holder of record (provided such person can provide evidence
        of their authority to vote such stock) may nominate directors and propose new business to be taken up at any annual of the shareholders
        if such shareholder is entitled to vote on such nomination or proposal. In order for a shareholder to make any such nominations
        or proposals for an annual meeting, he or she must give notice in writing of such nomination or proposal to the Simmons secretary
        not less 90 nor more than 120 days prior to the first anniversary of the prior years&rsquo; annual meeting of shareholders. If
        Simmons did not hold an annual meeting the prior year, notice is timely if delivered to Simmons&rsquo; secretary no less than 10
        days after Simmons announces the date of the current years&rsquo; annual meeting or 90 days before the current years&rsquo; annual
        meeting, whichever is later. If a special meeting of shareholders includes the election of directors, a shareholder may provide
        a nomination not later than 10 days after Simmons publically announces such special meeting.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A shareholder&rsquo;s notice to the Simmons secretary must
        include         (i) with respect to the nomination of directors, all information relating to such person required to be
        disclosed in solicitations         of proxies for elections of directors under the Exchange Act, (ii) with respect to other
        business proposals, a brief description of the business proposed, the text of the         of the proposal or business, the
        reasons for conduct such business and     any material interest of the shareholder, (iii) the name and address of the
        proposing shareholder and the beneficial owner,     if any, the number of shares of Simmons stock held by such shareholder
        and other required information related to the shareholder&rsquo;s     interest in Simmons and the business proposed. </P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 120; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->110<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 26%"><FONT STYLE="font-size: 10pt"><B><I>Shareholder Ability to Act</I></B>
    <B><I>by Written Consent:</I></B></FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><FONT STYLE="font-size: 10pt">The Landrum bylaws provide that unless
    otherwise restricted by the Landrum charter, the Landrum bylaws, or applicable law, shareholders may act by unanimous written
    consent.</FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><P STYLE="margin-top: 0; margin-bottom: 10pt"><FONT STYLE="font-size: 10pt">The
Simmons bylaws and charter do not address whether shareholders have the ability to act by written consent.</FONT></P>
                                                                     <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Generally,
                                         under 4-27-704 of the ABCA, any action required to be taken at a shareholder meeting
                                         may be taken without a meeting if one or more consents, setting forth the action so taken,
                                         are signed by the holders of outstanding shares having not less than the minimum number
                                         of votes that would be necessary to authorize to take such action at a meeting at which
                                         all shares entitled to vote are present and voted.</FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><I>Indemnification of</I></B> <B><I>Directors
    and Officers; Insurance; Personal Liability:</I></B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Under Missouri law, a corporation may indemnify
    any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit,
    or proceeding, whether civil, criminal, administrative or investigative, other than an action by or in the right of the corporation,
    by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving
    at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture,
    trust or other enterprise, against expenses, including attorneys&rsquo; fees, judgments, fines and amounts paid in settlement
    actually and reasonably incurred by him in connection with such action, suit, or proceeding if he or she acted in good faith
    and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation, and, with
    respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">The
                                         Simmons charter and bylaws provide that any director or officer who is made party to
                                         an action by reason of the fact that he or she was a director or officer of Simmons will
                                         be indemnified and held harmless to the fullest extent legally permissible under the
                                         ABCA for expenses reasonably incurred in connection with the action.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Expenses incurred by a director
        or officer of Simmons in defending a civil or criminal action, suit or proceeding by reason of the fact that person is,
        or was, a director or officer of Simmons, must be paid by Simmons in advance of the final disposition of such action suit
        or proceeding upon authorization by the board of directors by a majority vote of a quorum consisting of directors who
        are not parties to the action, suit or proceeding and if such a quorum is unobtainable, if a quorum of disinterested directors
        so directs, then by independent legal counsel in a written opinion or by the shareholders.</FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 121; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->111<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 26%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">In connection with an action by or in the right of the corporation, Missouri law provides indemnification similar to that set forth in the immediately preceding paragraph; except that no indemnification will be made in respect of any claim, issue or matter as to which such person will have been adjudged to be liable for negligence or misconduct in the performance of his or her duty to the corporation unless and only to the extent that the court in which the action or suit was brought determines upon application that, despite the adjudication of liability and in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses which the court will deem proper.</FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">The Landrum charter provides that Landrum indemnifies officers and
        directors in accordance with Missouri law as described above in connection with any claim by reason of the fact that the director
        or officer is or was serving the corporation or at the request of the corporation. Landrum is authorized to purchase and maintain
        insurance on behalf of any person who is or was a director, officer, employee or agent of Landrum, or is or was serving at the
        request of Landrum as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint
        venture, trust or other enterprise against any liability asserted against him or her and incurred by him or her in any such capacity,
        or arising out of his or her status as such, whether or not Landrum would have the power to indemnify him or her against such liability
        under the provisions of this Article.</FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Expenses incurred in defending any civil, criminal, administrative,
        or investigative action, suit or proceeding may be paid by Landrum in advance of the final disposition of the action, suit, or
        proceeding as authorized by the board of directors in the specific case upon receipt of an undertaking by or on behalf of the director,
        officer, employee or agent to repay such amount unless it is ultimately determined that he or she is entitled to be indemnified
        by the Landrum as authorized by the Landrum charter.</FONT></P></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%"><P STYLE="margin-top: 0; margin-bottom: 0">Under the Simmons charter and bylaws, the board of directors may cause Simmons to purchase and maintain insurance on behalf of any director or officer of Simmons against any liability, whether or not Simmons would have the power to indemnify such person. Section 4-27-850 of the ABCA provides that a corporation may indemnify any person who was made a party to a proceeding for the reason he or she is a director, officer or employee of the corporation against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred in connection with the proceeding, if he or she acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful. The corporation must indemnify a director, officer, or employee who has been successful on the merits at a proceeding that he or she was a party because he or she is a director, officer, or employee of the corporation. No indemnification may be made if the person will have been adjudged liable to the corporation unless otherwise specified by the court. The Simmons charter provides, to the fullest extent permitted by the ABCA, that a director will not be liable to Simmons or its shareholders for monetary damages for a breach of fiduciary duty as a director.</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Section 4-27-830 provides that if a director complies with the standard of
conduct under the ABCA, the director may not be liable for any action taken as a director, or failure to take such action.&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 122; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->112<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Landrum</B></FONT></td>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons</B></FONT></td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 26%"><B><I>Shareholders&rsquo; Rights of Dissent and Appraisal:</I></B></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Section
                                         351.455 of the MGBCL provides that any shareholder will be deemed a dissenting shareholder
                                         and entitled to appraisal if such shareholder:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">(1) owns stock of a corporation as
of the record date of the meeting of shareholders at which the plan of merger is submitted to a vote,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">(2) files a written objection to
the plan of merger before or at the meeting,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">(3) does not vote in favor of the
merger proposal, and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">(4) makes a written demand on the
surviving corporation within 20 days after the merger is effected for payment of the fair value of the shareholder&rsquo;s shares
as of the day before the date on which the vote approving the merger was taken. The surviving corporation will pay to each dissenting
shareholder the fair value of his or her shares.</FONT></P>



</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 34%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Under
                                         Section 4-27-1302 of the ABCA, a shareholder is entitled to dissent from and obtain payment
                                         of the fair value of the shareholder&rsquo;s shares in the event of certain extraordinary
                                         corporate actions such as a plan of conversion, merger, share exchange, sale of substantially
                                         all of the assets, or certain amendments to the charter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Sections 4-27-1320 through 4-27-1331
of the ABCA provide the process of obtaining payment which consists of the shareholder delivering notice of intent to demand payment,
shareholder must not vote his or her shares in favor of the proposed action, certify whether he or she acquired ownership of the
shares prior to the corporate action, deposit his or her certificates if shareholder rejects the corporation&rsquo;s offer, and
judicial appraisal of the value of the shares if shareholder rejects the corporation&rsquo;s offer. The ABCA also places certain
obligations on the corporation such as providing dissenters&rsquo; notice to all shareholders. A shareholder entitled to dissent
and obtain payment for the shareholder&rsquo;s shares may not challenge the corporate action creating the shareholder&rsquo;s
entitlement unless such action is unlawful or fraudulent with respect to the shareholder or the corporation.</FONT></P>



</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><B><I>Control Share Acquisition:</I></B></TD>
    <TD>&nbsp;</TD>
    <TD>The Landrum charter does not address the application of Section 351.407 of the MGBCL to Landrum shares.</TD>
    <TD>&nbsp;</TD>
    <TD>No &ldquo;control share acquisition,&rdquo; &ldquo;business combination moratorium,&rdquo; &ldquo;fair price&rdquo; or other form of anti-takeover statute or regulation is applicable to Simmons under Arkansas law.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 123; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->113<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a066"></A>COMPARISON
OF SHAREHOLDERS&rsquo; RIGHTS of SIMMONS SERIES D and LAndrum Series E Preferred Stock</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The rights of
holders of Landrum Series E preferred stock are primarily governed by the terms of the preferred stock set forth in the Certificate
of Designations for Landrum Series E preferred stock. Upon completion of the merger, the rights of the Landrum shareholders who
receive Simmons Series D preferred stock will be primarily governed by the terms of the Simmons Series D preferred stock set forth
in the Certificate of Designations and Standard Provisions for Simmons Series D preferred stock, which, except as described below,
are substantially similar to the terms of the Landrum Series E preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The shares of
each series of Simmons Series D preferred stock to be issued upon completion of the merger are substantially similar to the currently
outstanding Landrum Series E preferred stock except that the existing rights of the holders of Landrum Series E preferred stock
are governed by the MBGCL, the Landrum charter, and the Landrum bylaws, but following completion of the merger, the rights of
the Simmons Series D preferred stock will be governed by the ABCA, the Simmons charter, and the Simmons bylaws. For a complete
description of the rights and terms of the Simmons Series D preferred stock, see the section entitled &ldquo;Description of New
Simmons Series D Preferred Stock.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><A NAME="i19395a067"></A>SECURITY
OWNERSHIP OF LANDRUM DIRECTORS, EXECUTIVE OFFICERS AND CERTAIN BENEFICIAL OWNERS OF LANDRUM</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The following
table sets forth, as of September 9, 2019, the beneficial ownership of Landrum common stock by each of Landrum&rsquo;s
directors and executive officers, by Landrum&rsquo;s directors and executive officers as a group and by each person or entity
known by Landrum to beneficially own or may be deemed to own more than 5% of the outstanding Landrum common stock. Unless otherwise
specified, the address of each listed Landrum shareholder is c/o The Landrum Company, 801 East Broadway, Columbia, MO 65201.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The percentages
of beneficial ownership in the following table are calculated in relation to the 655,577 shares of Class A common shares and 24,757
Class B common shares issued and outstanding as of September 9, 2019, for a total of 680,334 shares of Landrum common stock.
Beneficial ownership is determined in accordance with the rules of the SEC, which generally attribute beneficial ownership of
securities to persons who possess sole or shared voting or investment power with respect to those securities, as well as shares
issuable in connection with options, warrants and convertible securities exercisable or convertible within 60 days of the record
date for the Landrum special meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 124; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->114<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Unless otherwise
indicated, and subject to the Landrum voting agreements entered into with Simmons in connection with entering into the merger
agreement, to Landrum&rsquo;s knowledge, the persons or entities identified in the table below have sole voting and investment
power with respect to all shares shown as beneficially owned by them.</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">Holder</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Title</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><B>Number of <BR>
Common <BR>
Shares<SUP> (1)</SUP></B></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percent of <BR>
Common <BR>
Shares</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 36%; text-align: left; vertical-align: top">Shon P. Aguero</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 35%; text-align: left">Executive Vice President and Retail Banking Executive</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right; vertical-align: top">500</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right; vertical-align: top">*</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Brenda L. Bingham<SUP>(2)</SUP></TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">336,532</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">49.47</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">David A. Borgelt</TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">381</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">M. David Bryant</TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">800</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Charles C. Cantrell</TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">909</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Dale H. Creach</TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">957</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Logan M. Dale</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Executive Vice President, Commercial Banking Executive, and Chief Credit Officer</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">795</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Kevin D. Gibbens</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Director, President, and Chief Executive Officer</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">2,030</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">*</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Yulia V. Guseva<SUP>(3)</SUP></TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">165,247</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.29</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Stephen E. Guthrie</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Executive Vice President and Chief Financial Officer</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">1,800</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Natalie R. Krawitz</TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">599</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Jennifer R. Landrum<SUP>(4)</SUP></TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,036</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.38</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Sabrina B. McDonnell</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Executive Vice President and Chief Administrative Executive</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">621</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">*</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Edward J. Nicoll</TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.17</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">David L. Nimmo</TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">903</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Daniel J. Stubler</TD><TD>&nbsp;</TD>
    <TD>Director</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,905</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">*</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top; padding-bottom: 1pt">John A. Wright</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">Director</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">41,587</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">6.11</TD><TD STYLE="text-align: left; padding-bottom: 1pt">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; vertical-align: top">All directors and executive officers as a group (17 persons)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">433,362</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">63.70</TD><TD STYLE="text-align: right; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; vertical-align: top">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD></TR>
</TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-decoration: underline">5% Holders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 74%; text-align: left">The Landrum Company ESOP<SUP>(5)</SUP></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">45,442</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">6.68</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">John B. Landrum<SUP>(5) (6)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">58,163</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.55</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Lara J. Landrum<SUP>(5) (7)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,775</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.20</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>
<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="width: 96%; padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Less than 1% </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(1)</SUP>&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Beneficial
    </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ownership of Landrum common stock includes shares held directly
    by the named individual, as well as shares owned jointly with the individual&rsquo;s spouse, shares owned only by the individual&rsquo;s
    spouse or other family members sharing the same household, shares held in trust or a spouse&rsquo;s trust, and
    shares owned by an individual or a spouse&rsquo;s IRA account.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(2)</SUP></FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ms. Bingham as trustee of certain trusts shares voting and investment power with respect to: 165,247 common shares with Yulia Guseva and Landmark Bank; with respect to 56,933 common shares with Jennifer R. Landrum and Landmark Bank; with respect to 58,119 common shares with John B. Landrum and Landmark Bank; and with respect to 55,731 common shares with Lara J. Landrum and Landmark Bank.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(3)</SUP></FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ms. Guseva as trustee of certain trusts shares voting and investment power with respect to these shares with Brenda Bingham and Landmark Bank.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(4)</SUP></FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ms. Landrum as trustee of a trust shares voting and investment power with Brenda Bingham and Landmark Bank with respect to 56,993 common shares.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(5)</SUP></FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The indicated beneficial owner maintains a business address at 801 East Broadway, Columbia, Missouri 65201.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(6)</SUP></FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Mr. Landrum as trustee of a trust shares voting and investment power with Brenda Bingham and Landmark Bank with respect to 58,119 common shares.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>(7)</SUP></FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ms. Landrum as trustee of a trust shares voting and investment power with Brenda Bingham and Landmark Bank with respect to 56,933 common shares.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 125; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->115<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a068"></A>LEGAL
MATTERS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
validity of the Simmons common stock and Simmons Series D preferred stock to be issued in connection with the merger will be passed
upon for Simmons by Patrick A. Burrow, Executive Vice President, General Counsel and Secretary of Simmons. As of September 11, 2019,
Mr. Burrow held 41,970 shares of Simmons common stock, options to purchase 41,450 shares of Simmons
common stock, 3,000 shares of unvested restricted stock, 5,855 unvested restricted stock units,
and 8,163 unvested performance share units. Covington will deliver at the effective time its opinion to Simmons
and Landrum as to certain United States federal income tax consequences of the merger. Please see the section entitled &ldquo;Material
U.S. Federal Income Tax Consequences Relating to the Merger.&rdquo;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a069"></A>EXPERTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The audited
annual consolidated financial statements of Simmons appearing in Simmons&rsquo; Annual Report on <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019002125/sfnc-123118x10k.htm" STYLE="-sec-extract: exhibit">Form 10-K</A> for the year ended
December 31, 2018 and the effectiveness of Simmons&rsquo; internal control over financial reporting as of such date have been
audited by BKD, LLP, an independent registered public accounting firm, as set forth in its reports included therein, which are
incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon
such reports given on the authority of such firm as experts in auditing and accounting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">With respect
to the unaudited interim consolidated financial information of Simmons appearing in its Quarterly Reports on Form 10-Q for the
periods ended <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019006227/sfnc-033119x10q.htm" STYLE="-sec-extract: exhibit">March 31, 2019</A> and <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019010264/sfnc-063019x10q.htm" STYLE="-sec-extract: exhibit">June 30, 2019</A> that is incorporated herein by reference, BKD, LLP, Simmons&rsquo; independent
registered public accounting firm, has applied limited procedures in accordance with professional standards for review of such
information. However, as stated in its separate report included therein, BKD, LLP did not audit and it does not express an opinion
on that interim financial information. Because of the limited nature of the review procedures applied, the degree of reliance
on its reports on such information should be restricted. Pursuant to Rule 436(c) under the Securities Act, this report on Simmons&rsquo;
unaudited interim consolidated financial information should not be considered a part of the registration statement prepared or
certified by its independent registered public accounting firm within the meaning of Sections 7 and 11 of the Securities Act.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a070"></A>OTHER
MATTERS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As of
the date of this proxy statement/prospectus, the Landrum board of directors does not know of any matters that will be presented
for consideration at the Landrum special meeting other than as described in this proxy statement/prospectus. However, if any other
matter properly comes before the Landrum special meeting or any adjournment or postponement thereof and is voted upon, the proposed
proxies will be deemed to confer authority to the individuals named as authorized therein to vote the shares represented by the
proxy as to any matters that fall within the purposes set forth in the notice of special meeting.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a071"></A>SIMMONS
ANNUAL MEETING SHAREHOLDER PROPOSALS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
shareholders who intend to submit proposals pursuant to Rule 14a-8 of the Exchange Act to be presented at Simmons&rsquo; 2020
Annual Meeting of Shareholders and included in Simmons&rsquo; proxy statement relating to such meeting must have submitted such
proposals to the Corporate Secretary of Simmons at Simmons&rsquo; principal executive offices no later than November 13, 2019.
Such proposals must also comply with the additional requirements of Rule 14a-8 of the Exchange Act (or any successor rule) to
be eligible for inclusion in the proxy statement for Simmons&rsquo; 2020 Annual Meeting of Shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In addition,
the Simmons bylaws provide that only such business (including, without limitation, the nomination of persons for election to the
Simmons board of directors) which is properly brought before a Simmons shareholder meeting will be conducted. For business (including,
without limitation, the nomination </FONT></P>

<!-- Field: Page; Sequence: 126; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->116<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">of persons for election to the Simons board of directors) to be properly brought before an
annual meeting of Simmons shareholders by a Simmons shareholder, the shareholder must provide notice to the Corporate Secretary
of Simmons at Simmons&rsquo; principal executive offices not later than 90 days nor earlier than 120 days prior to the first anniversary
of the prior year&rsquo;s annual meeting of Simmons shareholders. In the event that Simmons did not hold an annual meeting of
the shareholders in the prior year or if the first anniversary of the prior year&rsquo;s annual meeting of Simmons shareholders
is more than 30 days before or after the date of the current year&rsquo;s annual meeting of Simmons shareholders, the shareholder&rsquo;s
notice is timely only if it is delivered to the Secretary of Simmons at the principal executive offices of Simmons no later than
the 10th day after Simmons publicly announces the date of the current year&rsquo;s annual meeting of Simmons shareholders or the
90th day before the date of the current year&rsquo;s annual meeting of Simmons shareholders, whichever is later. To be in proper
written form, a shareholder&rsquo;s notice to Simmons&rsquo; Corporate Secretary must comply with all requirements contained in
the Simmons bylaws, a copy of which may be obtained upon written request to the Corporate Secretary of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Accordingly,
a Simmons shareholder who intended to raise a proposal to be acted upon at Simmons&rsquo; 2020 Annual Meeting of Shareholders,
but who did not desire to include the same in Simmons&rsquo; 2020 proxy statement, must have provided written notice to Simmons&rsquo;
Corporate Secretary no earlier than December 19, 2019 nor later than January 18, 2020. The persons named as proxies in Simmons&rsquo;
proxy for Simmons&rsquo; 2020 Annual Meeting of Shareholders may exercise their discretionary authority to act upon any proposal
which is properly brought before a shareholder meeting, and Simmons reserves the right to reject, rule out of order or take other
appropriate action with respect to any proposal that does not comply with these and other applicable requirements.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a072"></A>LANDRUM
ANNUAL MEETING SHAREHOLDER PROPOSALS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
does not anticipate holding a 2020 annual meeting of Landrum shareholders if the merger is completed by the fourth quarter of
2019. However, if the merger is not completed within the expected time frame, or at all, Landrum may hold an annual meeting of
its shareholders in 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Landrum bylaws provide that shareholder proposals intended for presentation at the 2020 annual meeting of Landrum shareholders
must comply with respect to time of submission, contents, and otherwise with Rule 14a-8 of the Exchange Act. Such proposals must
be submitted to Jolene Kirchoff, Secretary at Landrum&rsquo;s principal executive offices no later than November 8, 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Landrum bylaws also provide that for a shareholder nomination of a director to be considered for presentation at the 2020 annual
meeting of Landrum shareholders, including a director nomination, notice of such proposal must be received by Landrum not less
than 60 days nor more than 90 days prior to the anniversary of the previous year&rsquo;s annual meeting of shareholders; provided,
however, that if no annual meeting was held in the previous year or the date of the annual meeting has been changed by more than
30 calendar days from the date contemplated at the time of the previous year&rsquo;s annual meeting, a proposal must be received
within such time before the annual meeting as shall be established by the Landrum board of directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">All shareholder
proposals should be sent to the attention of Jolene Kirchoff, Secretary, The Landrum Company, 801 East Broadway, Columbia, MO
65201.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt"><A NAME="i19395a073"></A>WHERE
YOU CAN FIND MORE INFORMATION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
has filed with the SEC a registration statement under the Securities Act that registers the offer and sale to Landrum shareholders
of the shares of Simmons common stock and Simmons Series D preferred stock to be issued in connection with the merger. This proxy
statement/prospectus is a part of that registration statement and constitutes the prospectus of Simmons in addition to being a
proxy statement for Landrum shareholders. The registration statement, including this proxy statement/prospectus and the attached
exhibits, contains additional relevant information about Simmons, Simmons common stock and Simmons Series D preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 127; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->117<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons also
files reports, proxy statements and other information with the SEC under the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The SEC
maintains a website that contains reports, proxy statements and other information about issuers, such as Simmons, that file electronically
with the SEC. The address of the site is www.sec.gov. The reports and other information filed by Simmons with the SEC are also
available at Simmons&rsquo; website at https://simmonsbank.com/. The website addresses of the SEC and Simmons are included as
inactive textual references only. Except as specifically incorporated by reference into this proxy statement/prospectus, information
on those websites is not part of this proxy statement/prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The SEC
allows Simmons to incorporate by reference information in this proxy statement/prospectus. This means that Simmons can disclose
important information to you by referring you to another document filed separately with the SEC. The information incorporated
by reference is considered to be a part of this proxy statement/prospectus, except for any information that is superseded by information
that is included directly in this proxy statement/prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This proxy statement/prospectus
incorporates by reference the documents listed below that Simmons previously filed with the SEC. They contain important information
about the companies and their financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 48%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Simmons
    SEC Filings (SEC File No. 000-06253)</B></FONT></td>
    <TD STYLE="vertical-align: bottom; width: 4%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; width: 48%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Period
    or Date Filed</B></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Annual Report on Form
    10-K</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019002125/sfnc-123118x10k.htm" STYLE="-sec-extract: exhibit">Year ended December
    31, 2018</A>, filed with the SEC on February 27, 2019.</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Quarterly Reports
    on Form 10-Q</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019006227/sfnc-033119x10q.htm" STYLE="-sec-extract: exhibit">Quarter ended March&nbsp;31,
    2019</A>, filed with the SEC on May 8, 2019 and <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019010264/sfnc-063019x10q.htm" STYLE="-sec-extract: exhibit">Quarter ended June 30, 2019</A>, filed with the SEC on August 7, 2019.</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Current Reports on
    Form 8-K</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Filed with the
    SEC on <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117184319000527/f8k_012819.htm" STYLE="-sec-extract: exhibit">January 28, 2019</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117184319001001/f8k_021919.htm" STYLE="-sec-extract: exhibit">February 19, 2019</A> (as amended on <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117184319002368/f8ka_041119.htm" STYLE="-sec-extract: exhibit">April 11, 2019</A>), <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000155278119000119/e19158_sfnc-8k.htm" STYLE="-sec-extract: exhibit">March 25, 2019</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117184319002408/f8k_041519.htm" STYLE="-sec-extract: exhibit">April 15, 2019</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117184319002471/f8k_041719.htm" STYLE="-sec-extract: exhibit">April 17, 2019</A>,
    <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117184319003534/f8k_052119.htm" STYLE="-sec-extract: exhibit">May 21, 2019</A> and <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117184319005004/f8k_073019.htm" STYLE="-sec-extract: exhibit">July 31, 2019</A> (other than those portions of the documents deemed to be furnished and not filed).</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Description of Simmons
    common stock</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The description
    of the Simmons common stock is contained in Simmons&rsquo; prospectus filed pursuant to <A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117494718000451/tv488935-424b5.htm" STYLE="-sec-extract: exhibit">Rule 424(b)(5)</A> under the Securities
    Act on March 23, 2018 set forth under the heading &ldquo;Description of Common Stock,&rdquo; as updated and amended from time
    to time.</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B>In
addition, Simmons also incorporates by reference additional documents that it files with the SEC under Sections 13(a), 13(c),
14 and 15(d) of the Exchange Act between the date of this proxy statement/prospectus and the date the offering is terminated,
provided that Simmons is not incorporating by reference any information furnished to, but not filed with, the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Except
where the context otherwise indicates, information contained in this document regarding Simmons has been provided by Simmons and
information contained in this document regarding Landrum has been provided by Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 128; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->118<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Documents
incorporated by reference into this proxy statement/prospectus are available from Simmons, without charge, excluding any exhibits
to those documents unless the exhibit is specifically incorporated by reference as an exhibit in this proxy statement/prospectus.
You can obtain documents incorporated by reference into this proxy statement/prospectus or other relevant corporate documents
referenced in this proxy statement/prospectus related to Simmons by requesting them in writing or by telephone at the following
address and phone number:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Simmons First
National Corporation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">501 Main Street</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">P.O. Box 7009</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Pine Bluff, Arkansas
71611</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Attention: Patrick
A. Burrow</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Telephone: (870)
541-1000</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">Landrum does not
have a class of securities registered under Section 12 of the Exchange Act, and is therefore not subject to the reporting requirements
of Section 13(a) or 15(d) of the Exchange Act and, accordingly, does not file documents or reports with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">If you are a Landrum
shareholder and have any questions concerning the Landrum special meeting, the merger, the merger agreement or the proxy statement/prospectus,
would like additional copies of the proxy statement/prospectus without charge or need help voting your shares of Landrum common
stock, please contact Landrum at the following address:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>The Landrum
Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">801 East Broadway</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Columbia, MO
65201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Attention: Lisa
Evans, Senior Vice President and Controller<BR>
Telephone: (573) 441-2822</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 20pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>These
documents are available without charge upon written or oral request. To obtain timely delivery of these documents, you must request
them no later than October 15, 2019 in order to receive them before the Landrum special meeting. </B>If you request any
documents from Simmons or Landrum, Simmons or Landrum will mail them to you by first class mail, or another equally prompt means,
within one business day after receiving your request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No one
has been authorized to provide you with information that is different from that contained in, or incorporated by reference into,
this document. This document is dated September 17, 2019 and you should assume that the information in this document is
accurate only as of such date. You should assume that the information incorporated by reference into this document is accurate
as of the date of such document. Neither the mailing of this document to Landrum shareholders nor the issuance by Simmons of shares
of Simmons common stock or Simmons Series D preferred stock in connection with the merger will create any implication to the contrary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>This
proxy statement/prospectus does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, or the
solicitation of a proxy, in any jurisdiction to or from any person to whom or from whom it is unlawful to make any such offer
or solicitation in that jurisdiction.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<!-- Field: Page; Sequence: 129; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->119<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><A NAME="annex_001" TITLE="annex_a"></A><B>Annex A</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">AGREEMENT
AND PLAN OF MERGER<BR>
BY AND BETWEEN<BR>
SIMMONS FIRST NATIONAL CORPORATION<BR>
AND<BR>
THE LANDRUM COMPANY<BR>
Dated as of July 30, 2019</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 130 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;<!-- Field: Sequence; Type: LowerRoman; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><U>TABLE
OF CONTENTS</U></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0; padding-left: 15pt; width: 8%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 86%">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 4%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_001">ARTICLE 1 TRANSACTIONS AND TERMS OF MERGER</A> </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_002">1.1.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_002">Merger.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_003">1.2.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_003">Time and Place of Closing.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_004">1.3.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_004">Effective Time.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_005">1.4.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_005">Charter.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_006">1.5.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_006">Bylaws.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_007">1.6.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_007">Directors and Officers.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_008">ARTICLE 2 MANNER OF CONVERTING SHARES</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_009">2.1.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_009">Conversion of Shares.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_010">2.2.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_010">Anti-Dilution Provisions.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_011">2.3.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_011">Treatment of Landrum ESOP and Combined Benefits Plan.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_012">2.4.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_012">Fractional Shares.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_013">2.5.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_013">Treatment of Series E Preferred Stock.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_014">ARTICLE 3 EXCHANGE OF SHARES</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_015">3.1.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_015">Exchange Procedures.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_016">3.2.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_016">Dissenting Shareholders.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_017">ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF LANDRUM</A></TD>
    <TD STYLE="text-align: right">A-7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_018">4.1.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_018">Organization, Standing, and Power.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_019">4.2.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_019">Authority of Landrum; No Breach By Agreement.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_020">4.3.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_020">Capitalization of Landrum.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_021">4.4.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_021">Capitalization of Landmark Bank.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_022">4.5.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_022">Landrum Subsidiaries.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_023">4.6.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_023">Regulatory Reports.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-10</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_024">4.7.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_024">Financial Matters.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_025">4.8.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_025">Books and Records.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_026">4.9.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_026">Absence of Undisclosed Liabilities.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_027">4.10.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_027">Absence of Certain Changes or Events.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_028">4.11.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_028">Tax Matters.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_029">4.12.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_029">Assets.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-14</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_030">4.13.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_030">Intellectual Property; Privacy.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-14</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_031">4.14.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_031">Environmental Matters.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-15</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_032">4.15.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_032">Compliance with Laws.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-16</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_033">4.16.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_033">Community Reinvestment Act Performance.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_034">4.17.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_034">Foreign Corrupt Practices.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_035">4.18.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_035">Labor Relations.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_036">4.19.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_036">Employee Benefit Plans.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_037">4.20.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_037">Material Contracts.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-22</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_038">4.21.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_038">Agreements with Regulatory Authorities.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-23</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_039">4.22.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_039">Investment Securities.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-24</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_040">4.23.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_040">Derivative Instruments and Transactions.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-24</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_041">4.24.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_041">Legal Proceedings.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-24</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_042">4.25.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_042">Statements True and Correct.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-25</TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt; width: 8%"><A HREF="#a_043">4.26.</A></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 86%"><A HREF="#a_043">State Takeover Statutes and Takeover Provisions.</A></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 4%">A-25</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_044">4.27.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_044">Opinion of Financial Advisor.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-25</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_045">4.28.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_045">Tax and Regulatory Matters.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-25</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_046">4.29.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_046">Loan Matters.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-26</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"></TD></TR></TABLE>
<!-- Field: Page; Sequence: 131; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt; width: 8%"><A HREF="#a_047">4.30.</A></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 86%"><A HREF="#a_047">Deposits.</A></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 4%">A-27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_048">4.31.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_048">Allowance for Loan and Lease Losses.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_049">4.32.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_049">Insurance.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_050">4.33.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_050">OFAC; Sanctions.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_051">4.34.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_051">Brokers and Finders.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_052">4.35.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_052">Transactions with Affiliates and Insiders.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_053">4.36.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_053">No Investment Adviser Subsidiary.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_054">4.37.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_054">No Broker-Dealer Subsidiary.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_055">4.38.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_055">No Insurance Subsidiary.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_056">ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF SIMMONS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_057">5.1.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_057">The Standard.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_058">5.2.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_058">Organization, Standing, and Power.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_059">5.3.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_059">Authority; No Breach By Agreement.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-29</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_060">5.4.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_060">Capital Stock.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-29</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_061">5.5.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_061">SEC Filings; Financial Statements.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-30</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_062">5.6.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_062">Absence of Undisclosed Liabilities.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_063">5.7.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_063">Absence of Certain Changes or Events.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_064">5.8.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_064">Tax Matters.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_065">5.9.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_065">Compliance with Laws.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_066">5.10.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_066">Legal Proceedings.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-32</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_067">5.11.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_067">Reports.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-32</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_068">5.12.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_068">Statements True and Correct.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-32</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_069">5.13.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_069">Tax and Regulatory Matters.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-33</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_070">5.14.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_070">Brokers and Finders.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-33</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_071">ARTICLE 6 CONDUCT OF BUSINESS PENDING CONSUMMATION</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-33</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_072">6.1.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_072">Affirmative Covenants of Landrum.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-33</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_073">6.2.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_073">Negative Covenants of Landrum.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-33</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_074">6.3.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_074">Covenants of Simmons.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-37</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_075">6.4.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_075">Reports.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-37</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_076">ARTICLE 7 ADDITIONAL AGREEMENTS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-38</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_077">7.1.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_077">Registration Statement; Proxy Statement/Prospectus; Shareholder Approvals.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-38</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_078">7.2.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_078">Acquisition Proposals.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-39</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_079">7.3.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_079">Exchange Listing.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-40</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_080">7.4.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_080">Consents of Regulatory Authorities.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-40</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_081">7.5.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_081">Investigation and Confidentiality.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-41</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_082">7.6.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_082">Press Releases.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-42</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_083">7.7.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_083">Tax Treatment.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-42</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_084">7.8.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_084">Employee Benefits and Contracts.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-43</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_085">7.9.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_085">Indemnification.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-44</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_086">7.10.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_086">Operating Functions.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-46</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_087">7.11.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_087">Shareholder Litigation.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-46</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt; width: 8%"><A HREF="#a_088">7.12.</A></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 86%"><A HREF="#a_088">Legal Conditions to Merger.</A></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 4%">A-46</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_089">7.13.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_089">Change of Method.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-47</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_090">7.14.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_090">Takeover Laws.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-47</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_091">7.15.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_091">Closing Financial Statements.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-47</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_092">7.16.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_092">Dividends.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-47</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_093">ARTICLE 8 CONDITIONS PRECEDENT TO OBLIGATIONS TO CONSUMMATE</A> </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-48</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_094">8.1.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_094">Conditions to Obligations of Each Party.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-48</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_095">8.2.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_095">Conditions to Obligations of Simmons.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-48</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_096">8.3.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_096">Conditions to Obligations of Landrum.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-50</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 132 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_097">ARTICLE 9 TERMINATION</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-51</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt; width: 8%"><A HREF="#a_098">9.1.</A></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 86%"><A HREF="#a_098">Termination.</A></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 4%">A-51</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_099">9.2.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_099">Effect of Termination.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-52</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_100">9.3.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_100">Non-Survival of Representations and Covenants.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-52</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in"><A HREF="#a_101">ARTICLE 10 MISCELLANEOUS</A> </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-53</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_102">10.1.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_102">Definitions.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-53</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_103">10.2.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_103">Referenced Pages.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-62</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_104">10.3.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_104">Expenses.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-66</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_105">10.4.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_105">Entire Agreement; No Third Party Beneficiaries.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-66</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_106">10.5.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_106">Amendments.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-67</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_107">10.6.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_107">Waivers.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-67</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_108">10.7.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_108">Assignment.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-67</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_109">10.8.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_109">Notices.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-68</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_110">10.9.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_110">Governing Law; Jurisdiction; Waiver of Jury Trial.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-69</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_111">10.10.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_111">Counterparts; Signatures.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-69</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_112">10.11.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><A HREF="#a_112">Captions; Articles and Sections.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-69</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_113">10.12.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_113">Interpretations.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-70</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_114">10.13.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_114">Enforcement of Agreement.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-70</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-indent: 0; padding-left: 15pt"><A HREF="#a_115">10.14.</A></TD><TD>&nbsp;</TD>
    <TD><A HREF="#a_115">Severability.</A></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">A-70</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 0 1in; text-align: left; text-indent: -0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt; font-weight: normal">Exhibit
A - Form of Voting Agreement </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt; font-weight: normal">Landrum&rsquo;s
Disclosure Memorandum</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt; font-weight: normal">Simmons&rsquo;
Disclosure Memorandum</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 133 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->iii<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">AGREEMENT
AND PLAN OF MERGER</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>THIS
AGREEMENT AND PLAN OF MERGER</B> (this &ldquo;<U>Agreement</U>&rdquo;) is made and entered into as of July 30, 2019, by and between
Simmons First National Corporation (&ldquo;<U>Simmons</U>&rdquo;), an Arkansas corporation, and The Landrum Company (&ldquo;<U>Landrum</U>&rdquo;),
a Missouri corporation.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Preamble</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
respective boards of directors of Landrum and Simmons have approved this Agreement and declared that this Agreement and the transactions
contemplated hereby are advisable and in the best interests of the Parties and their respective shareholders. Under the terms
and subject to the conditions of this Agreement and in accordance with the Arkansas Business Corporation Act of 1987 (the &ldquo;<U>ABCA</U>&rdquo;)
and The General and Business Corporation Law of Missouri (the &ldquo;<U>GBCL</U>&rdquo;), Landrum will merge with and into Simmons
(the &ldquo;<U>Merger</U>&rdquo;), with Simmons as the surviving corporation in the Merger (sometimes referred to in such capacity
as the &ldquo;<U>Surviving Corporation</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As
an inducement for Simmons to enter into this Agreement, each of the directors and certain executive officers of Landrum have simultaneously
with the execution of this Agreement entered into a Voting Agreement (each a &ldquo;<U>Voting Agreement</U>&rdquo; and collectively,
the &ldquo;<U>Voting Agreements</U>&rdquo;) in connection with the Merger, in the form of <U>Exhibit A</U> hereto. The transactions
described in this Agreement are subject to the approvals of the shareholders of Landrum and applicable regulatory authorities
and the satisfaction of certain other conditions described in this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Parties intend that the Merger will qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Internal
Revenue Code, and the Parties intend that this Agreement will be adopted as a &ldquo;plan of reorganization&rdquo; within the
meaning of Section 361(a) of the Internal Revenue Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Parties desire to make certain representations, warranties, covenants and agreements in connection with the Merger and also to
prescribe certain conditions to the Merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Capitalized
terms used in this Agreement and not otherwise defined herein are defined in Section 10.1 of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>NOW,
THEREFORE</B>, in consideration of the above and the mutual warranties, representations, covenants, and agreements set forth herein,
the Parties agree as follows:</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_001"></A>ARTICLE
1</B></FONT><FONT STYLE="font-size: 10pt"><BR>
TRANSACTIONS AND TERMS OF MERGER</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_002"></A>1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Under
the terms and subject to the conditions of this Agreement, at the Effective Time, Landrum shall be merged with and into Simmons
in accordance with the provisions of Section 4-27-1106 <I>et. seq</I>. of the ABCA and Section 351.410 <I>et. seq.</I> of the
GBCL with the effects set forth in the ABCA and the GBCL. Simmons shall be the Surviving Corporation resulting from the Merger
and shall succeed to and assume all the rights and obligations of Landrum in accordance with the ABCA and the GBCL. Upon consummation
of the Merger the separate corporate existence of Landrum shall terminate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_003"></A>1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Time and Place of Closing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
closing of the transactions contemplated hereby (the &ldquo;<U>Closing</U>&rdquo;) will take place at 10:00 A.M., Central Time,
on the date that the Effective Time occurs, or at such other date and time as the Parties, acting through their authorized officers,
may mutually agree in writing (the &ldquo;<U>Closing Date</U>&rdquo;). The Closing shall be held at the offices</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 134; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">of Simmons, located
at 601 E. 3<SUP>rd</SUP> Street, Little Rock, Arkansas, 72201, unless another location is mutually agreed upon by the Parties.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_004"></A>1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Effective Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Merger shall become effective (the &ldquo;<U>Effective Time</U>&rdquo;) on the date and at the time specified in the articles
of merger to be filed with the Secretary of State of the State of Arkansas and the certificate of merger to be filed with the
Secretary of State of the State of Missouri. Subject to the terms and conditions hereof, unless otherwise mutually agreed upon
in writing by the authorized officers of each Party, the Parties shall cause the Effective Time to occur on a date within 30 days
following satisfaction or waiver (subject to applicable Law) of the last to occur of the conditions set forth in ARTICLE 8 (other
than those conditions that by their nature are to be satisfied or waived at the Effective Time) as determined by Simmons.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_005"></A>1.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Charter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Amended and Restated Articles of Incorporation of Simmons in effect immediately prior to the Effective Time shall be the articles
of incorporation of the Surviving Corporation until duly amended or repealed.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_006"></A>1.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Bylaws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Bylaws of Simmons in effect immediately prior to the Effective Time shall be the bylaws of the Surviving Corporation until duly
amended or repealed.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_007"></A>1.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Directors and Officers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
directors of Simmons in office immediately prior to the Effective Time shall serve as the directors of the Surviving Corporation
from and after the Effective Time in accordance with the bylaws of the Surviving Corporation. The officers of Simmons in office
immediately prior to the Effective Time shall serve as the officers of the Surviving Corporation from and after the Effective
Time in accordance with the bylaws of the Surviving Corporation.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_008"></A>ARTICLE
2</B></FONT><FONT STYLE="font-size: 10pt"><BR>
MANNER OF CONVERTING SHARES</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_009"></A><B>2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Conversion of Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Subject
to the provisions of this ARTICLE 2, at the Effective Time, by virtue of the Merger and without any action on the part of Simmons,
Landrum or the shareholders of either of the foregoing, the shares of Landrum and Simmons shall be converted as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each share of capital stock of Simmons issued and outstanding immediately prior to the Effective Time shall remain issued
and outstanding from and after the Effective Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each share of issued Landrum Capital Stock that, immediately prior to the Effective Time, is held by Landrum, any Landrum
Subsidiary, by Simmons or any Simmons Subsidiary (in each case other than shares held in any Employee Benefit Plans or related
trust accounts or otherwise held in any fiduciary or agency capacity or as a result of debts previously contracted) (collectively,
the &ldquo;<U>Canceled Shares</U>&rdquo;) shall automatically be canceled and retired and shall cease to exist, and no payment
shall be made with respect thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each share of Landrum Common Stock issued and outstanding immediately prior to the Effective Time (excluding the Canceled
Shares and the Landrum Dissenting Shares) shall be converted into<B><I> </I></B>the right to receive, without interest, the Stock
Consideration.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 135; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each share of Landrum Common Stock, when so converted pursuant to Section 2.1(c) shall automatically be canceled and retired
and shall cease to exist, and each holder of a certificate (a &ldquo;<U>Certificate</U>&rdquo;) or book-entry share (a &ldquo;<U>Book-Entry
Share</U>&rdquo;) registered in the transfer books of Landrum that immediately prior to the Effective Time represented shares
of Class A Common Stock or Class B Common Stock shall cease to have any rights with respect to such Class A Common Stock or Class
B Common Stock other than the right to receive the Merger Consideration in accordance with ARTICLE 3.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_010"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Anti-Dilution Provisions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In
the event Simmons changes the number of shares of Simmons Common Stock issued and outstanding prior to the Effective Time as a
result of a stock split, stock dividend, or similar recapitalization with respect to such stock and the record date therefor (in
the case of a stock dividend) or the effective date thereof (in the case of a stock split or similar recapitalization for which
a record date is not established) shall be prior to the Effective Time, the Merger Consideration shall be equitably and proportionately
adjusted, if necessary and without duplication, to reflect fully the effect of any such change.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_011"></A><B>2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Treatment of Landrum ESOP and Combined Benefits Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For the avoidance of doubt, at the Effective Time, each share of Landrum Common Stock held in The Landrum Company Employee
Stock Ownership Plan (&ldquo;<U>ESOP</U>&rdquo;) shall be converted into the right to receive the Merger Consideration in accordance
with Section 2.1(c). Without limiting Section 7.8 hereof, Landrum shall, prior to the Closing and effective as of no later than
the day immediately prior to, and contingent upon, the Closing (the &ldquo;<U>ESOP Termination Date</U>&rdquo;), adopt such necessary
resolutions and amendments to the ESOP to provide (i) that no new participants shall be admitted to the ESOP on or after the ESOP
Termination Date, (ii) the ESOP shall accept no further contributions except for contributions that have been accrued prior to
the ESOP Termination Date on behalf of participants in the ESOP, (iii) for full vesting for all participants whose account balances
had not previously been distributed in full, and (iv)&nbsp;that the ESOP shall be terminated as of the ESOP Termination Date.
The form and substance of such resolutions and amendments shall be subject to the prior review and approval of Simmons, and Landrum
shall deliver to Simmons an executed copy of such resolutions and amendments as soon as practical following their adoption and
shall fully comply with such resolutions and amendments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For the avoidance of doubt, at the Effective Time, each share of Landrum Common Stock held in the Landrum Combined Benefits
Plan (&ldquo;<U>CBP</U>&rdquo;) shall be converted into the right to receive the Merger Consideration in accordance with Section
2.1(c). Without limiting Section 7.8 hereof, Landrum shall, prior to the Closing and effective as of no later than the date immediately
prior to, and contingent upon, the Closing (&ldquo;<U>CBP Termination Date</U>&rdquo;) adopt such necessary resolutions and amendments
to the CBP to provide the same as stated in subclauses (i) through (iv) above in Section 2.3(a) with regard to the ESOP. The form
and substance of such resolutions and amendments shall be subject to the prior review and approval of Simmons and Landrum shall
deliver to Simmons an executed copy of such resolutions and amendments as soon as practical following their adoption and shall
fully comply with such resolutions and amendments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_012"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Fractional Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
certificate, book-entry share or scrip representing fractional shares of Simmons Common Stock shall be issued upon the surrender
for exchange of Certificates or Book-Entry Shares, no dividend or distribution of Simmons shall be payable on or with respect
to any such fractional share interests, and such fractional share interests will not entitle the owner thereof to vote or to any
other rights of a shareholder of Simmons. Notwithstanding any other provision of this Agreement, each holder of shares of Class
A Common Stock or Class B Common Stock exchanged pursuant to the Merger who would otherwise have been entitled to receive a fraction
of a share of Simmons Common Stock (after taking into account all Certificates or Book-Entry Shares delivered by such holder)
shall receive, in lieu thereof, a cash payment rounded up to the nearest cent (without</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 136; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">interest), which payment shall be determined
by multiplying (i) the fraction of a share (rounded to the nearest thousandth when expressed in decimal form) of Simmons Common
Stock that such holder of shares of Class A Common Stock or Class B Common Stock would otherwise have been entitled to receive
pursuant to Section 2.1(c) by (ii) the Average Closing Price (the &ldquo;<U>Fractional Share Payment</U>&rdquo;).</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_013"></A><B>2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Treatment of Series E Preferred Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At
the Effective Time, each share of Series E Preferred Stock issued and outstanding immediately prior to the Effective Time shall
be converted into the right to receive one share of series D preferred stock of Simmons (&ldquo;<U>Simmons Series D Preferred
Stock</U>&rdquo;), which shall have such rights, preference, privileges, and voting powers, and limitations and restrictions thereof,
which, taken as a whole, are not materially less favorable to the holders of Series E Preferred Stock than the rights, preferences,
privileges, and voting powers, and limitations and restrictions thereof, of the Series E Preferred Stock that are in effect immediately
prior to the Effective Time, taken as a whole. Each share of Series E Preferred Stock, when so converted, shall no longer be outstanding
and shall automatically be canceled and retired and shall cease to exist, and each holder shall cease to have any rights with
respect to such Series E Preferred Stock other than the right to receive the Simmons Series D Preferred Stock in accordance with
this Section 2.5.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_014"></A>ARTICLE
3</B></FONT><FONT STYLE="font-size: 10pt"><BR>
EXCHANGE OF SHARES</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_015"></A>3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Exchange Procedures.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Deposit of Merger Consideration</U>. At or promptly following the Effective Time, Simmons shall deposit, or shall cause
to be deposited, with Computershare, Simmons&rsquo; transfer agent, or another exchange agent reasonably acceptable to Simmons
(provided that Simmons shall consult with Landrum regarding the selection of such other exchange agent) (the &ldquo;<U>Exchange
Agent</U>&rdquo;), for the benefit of the holders of record of shares of Class A Common Stock or Class B Common Stock (excluding
the Canceled Shares) issued and outstanding immediately prior to the Effective Time (collectively, the &ldquo;<U>Holders</U>&rdquo;)
and the holders of record of shares of Series E Preferred Stock issued and outstanding immediately prior to the Effective Time,
for exchange in accordance with this ARTICLE 3, (i) certificates or evidence of Simmons Common Stock in book-entry form issuable
pursuant to Section 2.1(c) (collectively referred to as &ldquo;<U>Simmons Certificates</U>&rdquo;) for shares of Simmons Common
Stock equal to the Aggregate Stock Consideration, (ii) immediately available funds for (A) the aggregate Fractional Share Payments
to the extent then determinable and (B), after the Effective Time, if applicable, any dividends or distributions which such Holders
have the right to receive pursuant to Section 3.1(d) (collectively, the &ldquo;<U>Exchange Fund</U>&rdquo;), and (iii) certificates
or evidence of Simmons Series D Preferred Stock in book-entry form issuable pursuant to Section 2.5. Simmons shall instruct the
Exchange Agent to timely pay the Merger Consideration and the Simmons Series D Preferred Stock in accordance with this Agreement.
The cash portion of the Exchange Fund shall be invested by the Exchange Agent as directed by Simmons or the Surviving Corporation.
Interest and other income on the Exchange Fund shall be the sole and exclusive property of Simmons and the Surviving Corporation
and shall be paid to Simmons or the Surviving Corporation, as Simmons directs. No investment of the Exchange Fund shall relieve
Simmons, the Surviving Corporation or the Exchange Agent from making the payments required by this Agreement and following any
losses from any such investment, Simmons shall promptly provide additional funds to the Exchange Agent to the extent necessary
to satisfy Simmons&rsquo; obligations hereunder for the benefit of the Holders, which additional funds will be deemed to be part
of the Exchange Fund.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Delivery of Merger Consideration</U>. As soon as reasonably practicable after the Effective Time, the Exchange Agent
shall mail to each Holder of a Certificate (and Book-Entry Share, if required by the Exchange Agent or at the request of Simmons)
notice advising such Holders of the effectiveness of the Merger, including appropriate transmittal materials specifying that delivery
shall be effected, and risk of loss and title to the Certificates or Book-Entry Shares, if applicable, shall pass, only upon proper
delivery of the Certificates or Book-Entry Shares, if applicable, and instructions for surrendering the Certificates, or Book-Entry
Shares, if applicable,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 137; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">to the Exchange Agent (such materials and instructions to include customary provisions with respect to
delivery of an &ldquo;agent&rsquo;s message&rdquo; with respect to Book-Entry Shares). Upon proper surrender of a Certificate
or Book-Entry Shares for exchange and cancellation to the Exchange Agent, together with the appropriate transmittal materials,
duly completed and validly executed in accordance with the instructions thereto, and such other documents as may be required pursuant
to such instructions, the Holder of such Certificate or Book-Entry Share shall be entitled to receive in exchange therefor the
Merger Consideration with respect to the shares of Class A Common Stock or Class B Common Stock formerly represented by such Certificate
or Book-Entry Share and such Certificate or Book-Entry Share so surrendered shall forthwith be canceled. No interest will be paid
or accrued for the benefit of Holders on the Merger Consideration payable upon the surrender of the Certificates or Book-Entry
Shares. The Stock Consideration delivered to each Holder shall be in non-certificated book-entry form.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Share Transfer Books</U>. At the Effective Time, the share transfer books of Landrum shall be closed, and thereafter
there shall be no further registration of transfers of shares of Landrum Common Stock or Series E Preferred Stock. From and after
the Effective Time, Holders who held shares of Class A Common Stock or Class B Common Stock, as well as holders of Series E Preferred
Stock, immediately prior to the Effective Time shall cease to have rights with respect to such shares, except as otherwise provided
for herein. Until surrendered for exchange in accordance with the provisions of this Section 3.1, each Certificate or Book-Entry
Share theretofore representing shares of Class A Common Stock or Class B Common Stock (other than the Canceled Shares) and each
share of Series E Preferred Stock shall from and after the Effective Time represent for all purposes only the right to receive
the consideration provided in ARTICLE 2 in exchange therefor, subject, however, to Simmons&rsquo; obligation to pay any dividends
or make any other distributions with a record date prior to the Effective Time which have been declared or made by Landrum in
respect of such shares of Class A Common Stock, Class B Common Stock or Series E Preferred Stock in accordance with the terms
of this Agreement and which remain unpaid at the Effective Time. On or after the Effective Time, any Certificates or Book-Entry
Shares presented to the Exchange Agent or the Surviving Corporation for any reason shall be canceled and exchanged for the Merger
Consideration with respect to the shares of Class A Common Stock or Class B Common Stock formerly represented thereby. On or after
the Effective Time, each share of Series E Preferred Stock presented to the Exchange Agent or the Surviving Corporation for any
reason shall be canceled and exchanged for Simmons Series D Preferred Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Dividends with Respect to Simmons Common Stock</U>. No dividends or other distributions declared with respect to Simmons
Common Stock with a record date after the Effective Time shall be paid to the Holder of any unsurrendered Certificate or Book-Entry
Shares with respect to the whole shares of Simmons Common Stock issuable with respect to such Certificate or Book-Entry Shares
in accordance with this Agreement until the surrender of such Certificate or Book-Entry Share (or affidavit of loss in lieu thereof)
in accordance with this Agreement. Subject to applicable Laws, following surrender of any such Certificate or Book-Entry Share
(or affidavit of loss and other documentation required by the Exchange Agent or Surviving Corporation hereunder in lieu thereof)
there shall be paid to the record holder of the whole shares of Simmons Common Stock, if any, issued in exchange therefor, without
interest, (i) all dividends and other distributions payable in respect of any such whole shares of Simmons Common Stock with a
record date after the Effective Time and a payment date on or prior to the date of such surrender and not previously paid and
(ii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time
but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such shares of Simmons
Common Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination of Exchange Fund</U>. Any portion of the Exchange Fund (including any interest and other income received
with respect thereto) which remains undistributed to the former Holders, and any shares of Simmons Series D Preferred Stock which
remain undistributed to the holders of Series E Preferred Stock, on the first anniversary of the Effective Time shall be delivered
to Simmons; and any former Holders who have not theretofore received any Merger Consideration, and any holders of Series E Preferred
Stock who have not theretofore received any Simmons Series D Preferred Stock, to which they are entitled under this Agreement
shall thereafter look only to Simmons and the Surviving Corporation for payment of their claims with respect thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 138; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Liability</U>. If any Certificates or Preferred Certificates shall not have been surrendered (or any Book-Entry Shares
have not been canceled) prior to five years after the Effective Time (or immediately prior to such earlier date on which the Merger
Consideration would escheat to or become the property of any Regulatory Authority), any such Merger Consideration in respect thereof
shall, to the extent permitted by applicable Law, become the property of Simmons, free and clear of all claims or interest of
any Person previously entitled thereto or their successors, assigns, or personal representatives. None of Simmons, Landrum, the
Surviving Corporation or the Exchange Agent, or any employee, officer, director, agent or Affiliate of any of them, shall be liable
to any Holder or holder of Series E Preferred Stock in respect of any amount that would have otherwise been payable in respect
of any Certificate or Preferred Certificate (or Book-Entry Shares) from the Exchange Fund delivered to a public official pursuant
to any applicable abandoned property, escheat or similar Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Withholding Rights</U>. Each and any of Simmons, the Surviving Corporation or the Exchange Agent, as applicable, shall
be entitled to deduct and withhold from the Merger Consideration, Simmons Series D Preferred Stock and any other amounts or property
otherwise payable or distributable to any Person pursuant to this Agreement, such amounts or property (or portions thereof) as
Simmons, the Surviving Corporation or the Exchange Agent is required to deduct and withhold with respect to the making of such
payment or distribution under the Internal Revenue Code, and the rules and regulations promulgated thereunder, or any provision
of applicable Tax Law. Any amounts so deducted or withheld and remitted to the appropriate Regulatory Authority by Simmons, the
Surviving Corporation, or the Exchange Agent, as applicable, shall be treated for all purposes of this Agreement as having been
paid to the Person in respect of which such deduction and withholding was made by Simmons, the Surviving Corporation, or the Exchange
Agent, as applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Lost Certificates</U>. If any Certificate, or any certificate representing shares of Series E Preferred Stock (&ldquo;<U>Preferred
Certificate</U>&rdquo;), shall have been lost, stolen or destroyed, then upon the making of an affidavit of that fact by the Person
claiming such Certificate or Preferred Certificate, as applicable, to be lost, stolen or destroyed and, if required by the Exchange
Agent or Surviving Corporation, the posting by such Person of a bond in such reasonable and customary amount as the Exchange Agent
or Surviving Corporation may direct, as indemnity against any claim that may be made against it with respect to such Certificate
or Preferred Certificate, as applicable, the Exchange Agent will issue in exchange for such lost, stolen or destroyed Certificate
the Merger Consideration (or, in the case of a Preferred Certificate, Simmons Series D Preferred Stock) to which the holder thereof
is entitled pursuant to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Change in Name on Certificate</U>. If any Simmons Certificate or certificate representing shares of Simmons Series D
Preferred Stock is to be issued in a name other than that in which the Certificates, Preferred Certificates or Book-Entry Shares
surrendered in exchange therefor is or are registered, it shall be a condition of the issuance thereof that the Certificates,
Preferred Certificates or Book-Entry Shares so surrendered shall be properly endorsed (or accompanied by an appropriate instrument
of transfer) and otherwise in proper form for transfer, and that the Person requesting such exchange shall pay to the Exchange
Agent or Simmons in advance any transfer or other similar Taxes required by reason of the issuance of a Simmons Certificate or
certificate representing shares of Simmons Series D Preferred Stock in any name other than that of the registered holder of the
Certificates, Preferred Certificates or Book-Entry Shares surrendered, or required for any other reason, or shall establish to
the satisfaction of the Exchange Agent that such Tax has been paid or is not payable<B>. </B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_016"></A><B>3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Dissenting Shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything in this Agreement to the contrary, shares of Landrum Common Stock that are issued and outstanding
immediately prior to the Effective Time and which are held by any Holder who is entitled to demand and properly demands appraisal
of such shares of Landrum Common Stock pursuant to, and who complies in all respects with, the provisions of Section 351.455 of
the GBCL (&ldquo;<U>Section 351.455</U>&rdquo;), shall not be converted into or be exchangeable for the right to receive any of
the consideration as specified in ARTICLE 2 (the &ldquo;<U>Landrum Dissenting Shares</U>&rdquo;), but instead such Holder shall
be entitled to payment of the fair value of</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 139; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">such Landrum Dissenting Shares in accordance with the provisions of Section 351.455.
At the Effective Time, all Landrum Dissenting Shares shall no longer be outstanding, shall automatically be canceled and retired
and shall cease to exist, and each Holder of Landrum Dissenting Shares shall cease to have any rights with respect thereto, except
the right to receive the fair value of such Landrum Dissenting Shares in accordance with the provisions of Section 351.455. Notwithstanding
the foregoing, if any such Holder shall fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal under
Section 351.455, or a court of competent jurisdiction shall determine that such Holder is not entitled to the relief provided
by Section 351.455, then the right of such Holder to be paid the fair value of such Holder&rsquo;s Landrum Dissenting Shares under
Section 351.455 shall cease and such Landrum Dissenting Shares shall be deemed to have been converted at the Effective Time into,
and shall have become, the right to receive the Merger Consideration.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum shall give Simmons prompt written notice (but in any event within 48 hours) to Simmons of any demands for appraisal
of any shares of Landrum Common Stock and any withdrawals of such demands, and Simmons shall have the right to participate in
and direct all negotiations and proceedings with respect to such demands. Landrum shall not, except with the prior written consent
of Simmons, voluntarily make any payment with respect to, or settle, or offer or agree to settle, any such demand for payment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><A NAME="a_017"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>ARTICLE
4</B></FONT><FONT STYLE="font-size: 10pt"><BR>
<FONT STYLE="text-transform: none">REPRESENTATIONS AND WARRANTIES OF LANDRUM</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Except
as Previously Disclosed, Landrum hereby represents and warrants to Simmons as follows:</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_018"></A><B>4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Organization, Standing, and Power.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Status of Landrum</U>. Landrum is a corporation duly organized, validly existing, and in good standing under the Laws
of the State of Missouri, is authorized under the Laws of the State of Missouri to engage in its business as currently conducted
and otherwise has the corporate power and authority to own, lease and operate all of its Assets and to conduct its business in
the manner in which its business is now being conducted. Landrum is duly qualified or licensed to transact business as a foreign
corporation in good standing in the states of the United States and foreign jurisdictions in which its ownership of Assets or
conduct of business requires such qualification or licensure, except where failure to be so qualified or licensed has not had
or would not be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect on Landrum. Landrum
is duly registered with the Federal Reserve as a bank holding company under the BHC Act. True, complete and correct copies of
the certificate of incorporation of Landrum and the bylaws of Landrum, each as in effect as of the date of this Agreement, have
been delivered or made available to Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Status of Landmark Bank</U>. Landmark Bank is a direct, wholly owned Landrum Subsidiary, is duly organized, validly
existing and in good standing under the Laws of the State of Missouri, is authorized under the Laws of the State of Missouri to
engage in its business as currently conducted and otherwise has the corporate power and authority to own, lease and operate all
of its Assets and to conduct its business in the manner in which its business is now being conducted. Landmark Bank is authorized
by the Missouri Division of Finance (&ldquo;<U>MDF</U>&rdquo;) and the Federal Deposit Insurance Corporation (&ldquo;<U>FDIC</U>&rdquo;)
to engage in the business of banking as a depository trust company. Landmark Bank is in good standing in each jurisdiction in
which its ownership of Assets or conduct of business requires such qualification, except where failure to be so qualified has
not had or would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect on Landrum
or Landmark Bank. True, complete and correct copies of the certificate of incorporation and bylaws of Landmark Bank, each as in
effect as of the date of this Agreement, have been delivered or made available to Simmons.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_019"></A>4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Authority of Landrum; No Breach By Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Authority</U>. Landrum has the corporate power and authority necessary to execute, deliver, and, other than with respect
to the Merger, perform this Agreement, and with respect to the Merger, upon the approval of</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 140; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">this Agreement and the Merger by the
affirmative vote of at least two-thirds of the outstanding shares of Class A Common Stock entitled to vote on this Agreement and
the Merger as contemplated by Section 7.1 (the &ldquo;<U>Landrum Shareholder Approval</U>&rdquo;), to perform its obligations
under this Agreement and to consummate the transactions contemplated hereby. The execution, delivery, and performance of this
Agreement and the consummation of the transactions contemplated herein, including the Merger, have been duly and validly authorized
and approved by all necessary corporate action in respect thereof on the part of Landrum (including approval by and a determination
by the board of directors of Landrum that this Agreement is advisable and in the best interests of Landrum&rsquo;s shareholders
and directing the submission of this Agreement to a vote at a meeting of shareholders of Landrum), subject to the Landrum Shareholder
Approval. This Agreement has been duly executed and delivered by Landrum. Subject to the Landrum Shareholder Approval, and assuming
the due authorization, execution and delivery by Simmons, this Agreement represents a legal, valid, and binding obligation of
Landrum, enforceable against Landrum in accordance with its terms (except in all cases as such enforceability may be limited by
applicable bankruptcy, insolvency, fraudulent transfer, reorganization, receivership, conservatorship, moratorium, or similar
Laws affecting the enforcement of creditors&rsquo; rights generally and except that the availability of the equitable remedy of
specific performance or injunctive relief is subject to the discretion of the court before which any proceeding may be brought
(the &ldquo;<U>Bankruptcy and Equity Exceptions</U>&rdquo;)).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Conflicts</U>. Neither the execution and delivery of this Agreement by Landrum, nor the consummation by Landrum of
the transactions contemplated hereby, nor compliance by Landrum with any of the provisions hereof, will (i)&nbsp;conflict with
or result in a breach of any provision of Landrum&rsquo;s certificate of incorporation, bylaws or other governing instruments,
or certificate of incorporation, bylaws or other governing instruments of Landmark Bank and any other Landrum Entity or any resolution
adopted by the board of directors or the shareholders of any Landrum Entity, (ii)&nbsp;constitute or result in a Default under,
or require any Consent pursuant to, or result in the creation of any Lien on any Asset of any Landrum Entity under, any Contract
of any Landrum Entity, or (iii) subject to receipt of the Requisite Regulatory Approvals, constitute or result in a Default under,
or require any Consent pursuant to, any Law, Order or Permit applicable to any Landrum Entity or any of their respective material
Assets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Consents</U>. Other than in connection or compliance with the provisions of the Securities Laws (including the filing
and declaration of effectiveness of the Registration Statement), applicable state corporate and securities Laws, the rules of
Nasdaq, the GBCL, ABCA, the BHC Act, and the Requisite Regulatory Approvals, no notice to, filing with, or Consent of, any Regulatory
Authority or any third party is necessary for the consummation by Landrum of the Merger and the other transactions contemplated
by this Agreement. As of the date hereof, Landrum is not aware of any reason why the Requisite Regulatory Approvals will not be
received in order to permit consummation of the Merger on a timely basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Landrum Debt</U>. Landrum has no debt that is secured by Landmark Bank Capital Stock, except as set forth in Section
4.2(b) of Landrum&rsquo;s Disclosure Memorandum.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_020"></A><B>4.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Capitalization of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Ownership</U>. The authorized capital stock of Landrum consists of (i) 3,000,000 shares of Class A Common Stock, (ii)
1,000,000 shares of Class B Common Stock, and (iii) 100,000 shares of preferred stock, no par value per share (of which 45,000
shares have been designated Series E Preferred Stock). As of the close of business on July 30, 2019, (i) 655,577 shares of Class
A Common Stock (excluding treasury shares) were issued and outstanding, (ii) 24,757 shares of Class B Common Stock (excluding
treasury shares) were issued and outstanding, (iii) 26,716 shares of Class A Common Stock were held by Landrum in its treasury,
(iv) 14,099 shares of Class B Common Stock were held by Landrum in its treasury, (v) 767 shares of Series E Preferred Stock were
issued and outstanding, and (vi) no shares of Landrum Common Stock were reserved for issuance upon the exercise of outstanding
Equity Rights of Landrum. As of the Effective Time, no more than (A) 655,577 shares of Class A Common Stock will be issued and
outstanding (excluding treasury shares), (B) 24,757 shares of</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 141; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Class B Common Stock will be issued and outstanding (excluding treasury
shares), (C) 26,716 shares of Class A Common Stock will be held by Landrum in its treasury, (D) 14,099 shares of Class B Common
Stock will be held by Landrum in its treasury, (D) 767 shares of Series E Preferred Stock will be issued and outstanding, and
(E) no shares of Landrum Common Stock will be subject to outstanding Equity Rights of Landrum except for put rights certain participants
in the ESOP may have, as described in Section 4.3(a) of Landrum&rsquo;s Disclosure Memorandum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Rights or Obligations</U>. All of the issued and outstanding shares of capital stock of Landrum have been duly
authorized and validly issued and outstanding, and are fully paid and nonassessable and free of preemptive rights, with no personal
liability attaching to the ownership thereof. None of the outstanding shares of capital stock of Landrum has been issued in violation
of or subject to any preemptive rights or other rights to subscribe for or purchase securities of the current or past shareholders
of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Outstanding Equity Rights</U>. Other than Landrum&rsquo;s Equity Rights issued prior to the date of this Agreement and
set forth in Section 4.3(a), there are no (i) existing Equity Rights with respect to the securities of Landrum, (ii) Contracts
under which any Landrum Entity is or may become obligated to sell, issue or otherwise dispose of or redeem, purchase or otherwise
acquire any securities of Landrum, (iii) shareholder agreements, voting trusts or other agreements, arrangements or understandings
to which Landrum is a party or of which Landrum is aware, that may reasonably be expected to affect the exercise of voting or
any other rights with respect to the capital stock of Landrum, or (iv) outstanding bonds, debentures, notes or other indebtedness
having the right to vote on any matters on which the shareholders of Landrum may vote.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Voting Debt</U>. No bonds, debentures, notes or other indebtedness of any Landrum Entity having the right to vote (or
which are convertible into, or exchangeable for, securities of Landrum having the right to vote) on any matters on which shareholders
of Landrum may vote are issued or outstanding. There are no Contracts pursuant to which any Landrum Entity is or could be required
to register shares of Landrum&rsquo;s capital stock or other securities under the Securities Act or to issue, deliver, transfer
or sell any shares of capital stock, Equity Rights or other securities of any Landrum Entity. No Landrum Subsidiary owns any capital
stock of Landrum except in a fiduciary capacity.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_021"></A>4.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Capitalization of Landmark Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Ownership</U>. The authorized capital stock of Landmark Bank consists of (i) 1,000,000 shares of Landmark Bank Common
Stock, (ii) 15,000 shares of Landmark Bank Series A Preferred Stock, (iii) 10,000 shares of Landmark Bank Series B Preferred Stock
and (iv) 10,000 shares of Landmark Bank Series C Preferred Stock. 584,823 shares of Landmark Bank Common Stock, 0 shares of Landmark
Bank Series A Preferred Stock, 10,000 shares of Landmark Bank Series B Preferred Stock, and 10,000 shares of Landmark Bank Series
C Preferred Stock are outstanding as of the date of this Agreement. All of the outstanding shares of Landmark Bank Capital Stock
are directly and beneficially owned and held by Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Landmark Bank</U>. Landmark Bank does not have any Subsidiaries nor own any equity interests in any other Person other
than the entities set forth in Section 4.4(b) of Landrum&rsquo;s Disclosure Memorandum.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_022"></A>4.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Landrum Subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum has no direct or indirect Subsidiaries nor owns any equity interests in any other Person, other than Landmark Bank
and the entities set forth in Section 4.5(a) of Landrum&rsquo;s Disclosure Memorandum and indirect ownership through Landmark
Bank of the entities set forth in Section 4.4(b) of Landrum&rsquo;s Disclosure Memorandum. Landrum or Landmark Bank owns all of
the issued and outstanding shares of capital stock (or other equity interests) of the Landrum Subsidiaries. No capital stock (or
other equity interest) of a Landrum Subsidiary is or may become required to be issued (other than to another Landrum Entity) by
reason of any Equity Rights, and there are no Contracts by which a Landrum Subsidiary is bound to issue (other than to another
Landrum Entity) additional shares of its capital stock (or other equity interests) or Equity Rights or by which</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 142; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">any Landrum Entity
is or may be bound to transfer any shares of the capital stock (or other equity interests) of a Landrum Subsidiary (other than
to another Landrum Entity). There are no Contracts relating to the rights of any Landrum Entity to vote or to dispose of any shares
of the capital stock (or other equity interests) of a Landrum Subsidiary. All of the shares of capital stock (or other equity
interests) of each Landrum Subsidiary held by a Landrum Entity are fully paid under the Laws of the applicable jurisdiction of
formation and are owned by the Landrum Entity free and clear of any Lien.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Subsidiary is duly organized, validly existing and in good standing under the Laws of the State of its organization,
is authorized under applicable Laws to engage in its business as now conducted and otherwise has the corporate (or comparable)
power and authority to own, lease and operate all of its Assets and to conduct its business in the manner in which its business
is now being conducted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Rights or Obligations</U>. All of the issued and outstanding shares of capital stock of Landmark Bank and each
other Landrum Subsidiary are duly authorized and validly issued and outstanding and are fully paid and nonassessable.&nbsp; None
of the outstanding shares of capital stock of Landmark Bank and each other Landrum Subsidiary has been issued in violation of
or subject to any preemptive rights or other rights to subscribe for or purchase securities of the current or past shareholders
of Landmark Bank and each other Landrum Subsidiary.&nbsp; Landmark Bank is an &ldquo;insured depository institution&rdquo; as
defined in the Federal Deposit Insurance Act (the &ldquo;<U>FDIA</U>&rdquo;) and applicable regulations thereunder, the deposits
in which are insured by the FDIC through the Deposit Insurance Fund to the maximum amount permitted by applicable Law and all
premiums and assessments required to be paid in connection therewith have been paid when due. No proceedings for the revocation
or termination of such deposit insurance are pending or, to the Knowledge of Landrum, threatened. The certificate of incorporation
or association, bylaws, or other governing documents of each Landrum Subsidiary comply with applicable Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Outstanding Equity Rights</U>. There are no (i) outstanding Equity Rights with respect to the securities of any Landrum
Subsidiary, (ii) Contracts under which any Landrum Entity is or may become obligated to sell, issue, or otherwise dispose of or
redeem, purchase, or otherwise acquire any securities of any Landrum Subsidiary, (iii) shareholder agreements, voting trusts or
other agreements, arrangements or understandings to which any Landrum Subsidiary is a party or of which Landrum is aware, that
may reasonably be expected to affect the exercise of voting or any other rights with respect to the capital stock of any Landrum
Subsidiary or (iv) outstanding bonds, debentures, notes or other indebtedness having the right to vote on any matters on which
the shareholders of any Landrum Subsidiary may vote.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_023"></A>4.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Regulatory Reports.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Landrum&rsquo;s Reports</U>. Landrum and each Landrum Entity (other than Landmark Bank) has filed on a timely basis,
all forms, filings, registrations, submissions, statements, certifications, reports and documents required to be filed or furnished
by it with any Regulatory Authority, including any and all federal and state banking Laws, and such reports were complete and
accurate in all material respects and in compliance in all material respects with the requirements of any applicable Law and the
requirements of the applicable Regulatory Authority, since December 31, 2014.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Landmark Bank&rsquo;s Reports</U>. Landmark Bank has duly filed with the MDF, FDIC and any other applicable Regulatory
Authorities, as the case may be, all reports, returns, filings, information, data, registrations, submissions and statements required
to be filed under any applicable Law, including any and all federal and state banking Laws, and the requirements of the applicable
Regulatory Authority, and such reports were complete and accurate in all material respects and in compliance in all material respects
with the requirements of any applicable Law. There (i) is no unresolved violation, criticism, or exception by any Regulatory Authority
with respect to any report or statement relating to any examinations, inspections or investigations of any Landrum Entity and
(ii) has been no formal or informal inquiries by, or disagreements or disputes with, any Regulatory Authority with respect to
the business, operations, policies or procedures of any Landrum Entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 143; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_024"></A>4.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Financial Matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Financial Statements</U>. Landrum has made available to Simmons the Landrum Financial Statements. The Landrum Financial
Statements with respect to periods ending prior to the date of this Agreement (i) are true, accurate and complete in all material
respects, and have been prepared from, and are in accordance with, the books and records of the Landrum Entities, (ii) have been
prepared in accordance with GAAP, regulatory accounting principles and applicable accounting requirements, in each case, consistently
applied, except as may be otherwise indicated in the notes thereto, and (iii) fairly present in all material respects the consolidated
financial condition of the Landrum Entities as of the respective dates set forth therein and the results of operations, shareholders&rsquo;
equity and cash flows of the Landrum Entities for the respective periods set forth therein. The Landrum Financial Statements to
be prepared after the date of this Agreement and prior to the Closing (A) will be true, accurate and complete in all material
respects, (B) will have been prepared in accordance with GAAP, regulatory accounting principles and applicable accounting requirements,
in each case, consistently applied, except as may be otherwise indicated in the notes thereto and (C) will fairly present in all
material respects the consolidated financial condition of Landrum as of the respective dates set forth therein and the results
of operations, shareholders&rsquo; equity and cash flows of Landrum for the respective periods set forth therein, subject in the
case of unaudited financial statements to year-end adjustments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Call Reports</U>. The financial statements contained in the Call Reports of Landmark Bank for all of the periods ending
after December 31, 2014 (i) are true, accurate and complete in all material respects, (ii) have been prepared in accordance with
GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and
except for the omission of footnotes and (iii) fairly present in all material respects the financial condition of Landmark Bank
as of the respective dates set forth therein and the results of operations and shareholders&rsquo; equity for the respective periods
set forth therein, subject to year-end adjustments. The financial statements contained in the Call Reports of Landmark Bank to
be prepared after the date of this Agreement and prior to the Closing (A) will be true, accurate and complete in all material
respects, (B) will have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except
as may be otherwise indicated in the notes thereto and except for the omission of footnotes and (C) will fairly present in all
material respects the financial condition of Landmark Bank as of the respective dates set forth therein and the results of operations
and shareholders&rsquo; equity of Landmark Bank for the respective periods set forth therein, subject to year-end adjustments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Systems and Processes</U>. Each of Landrum and Landmark Bank has in place sufficient systems and processes that are
customary for a financial institution the size of Landrum and Landmark Bank and that are designed to (i) provide reasonable assurances
regarding the reliability of financial reporting and the preparation of the Landrum Financial Statements and Landmark Bank&rsquo;s
financial statements, including the Call Reports, (ii) in a timely manner accumulate and communicate to Landrum and Landmark Bank&rsquo;s
principal executive officer and principal financial officer the type of information that would be required to be disclosed in
Landrum Financial Statements and Landmark Bank&rsquo;s financial statements, including the Call Reports, or any report or filing
to be filed or provided to any Regulatory Authority, (iii) ensure access to Landrum and Landmark Bank&rsquo;s Assets is permitted
only in accordance with management&rsquo;s authorization, and (iv) ensure the reporting of such Assets is compared with existing
Assets at regular intervals. Since December 31, 2014, neither Landrum nor Landmark Bank nor, to Landrum&rsquo;s Knowledge, any
Representative of any Landrum Entity has received or otherwise had or obtained knowledge of any complaint, allegation, assertion
or claim, whether written or oral, regarding the adequacy of such systems and processes or the accuracy or integrity of Landrum
Financial Statements, Landmark Bank&rsquo;s financial statements, including the Call Reports, or the accounting or auditing practices,
procedures, methodologies or methods (including with respect to loan loss reserves, write-downs, charge-offs and accruals) of
any Landrum Entity or their respective internal accounting controls, including any complaint, allegation, assertion or claim that
Landrum or any Landrum Subsidiary has engaged in questionable accounting or auditing practices. No attorney representing any Landrum
Entity, whether or not employed by any Landrum Entity, has reported evidence of a material violation of Securities Laws, breach
of fiduciary duty or similar violation by</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 144; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Landrum or any of its officers, directors or employees to the boards of directors of
Landrum or Landmark Bank or any committee thereof or to any director or officer of Landrum or Landmark Bank. To Landrum&rsquo;s
Knowledge, there has been no instance of fraud by any Landrum Entity, whether or not material, that occurred during any period
covered by Landrum Financial Statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Records</U>. The records, systems, controls, data and information of the Landrum Entities are recorded, stored, maintained
and operated under means (including any electronic, mechanical or photographic process, whether computerized or not) that are
under the exclusive ownership and direct control of a Landrum Entity or accountants (including all means of access thereto and
therefrom), except for any non-exclusive ownership and non-direct control that would not reasonably be likely to have, either
individually or in the aggregate, a Material Adverse Effect on Landrum or Landmark Bank. Landrum and Landmark Bank have disclosed,
based on their most recent evaluation prior to the date of this Agreement, to their auditors and the audit committee of their
respective boards of directors (A) any significant deficiencies in the design or operation of internal controls which could adversely
affect in any material respect their ability to record, process, summarize or report financial data and have disclosed to their
auditors any material weaknesses in internal controls and (B) any fraud, whether or not material, that involves management or
other employees who have a significant role in their internal controls.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Auditor Independence</U>. During the periods covered by the Landrum Financial Statements, Landrum&rsquo;s external auditor
was independent of Landrum, Landmark Bank and their respective management. As of the date hereof, the external auditor for Landrum
and Landmark Bank has not resigned or been dismissed as a result of or in connection with any disagreements with Landrum or Landmark
Bank on a matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_025"></A>4.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Books and Records.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Books and Records have been and are being maintained in the Ordinary Course in accordance and compliance with all applicable accounting
requirements and Laws and are complete and accurate in all material respects to reflect corporate action by Landrum and Landmark
Bank.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_026"></A>4.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Absence of Undisclosed Liabilities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
Landrum Entity has incurred any Liability, except for Liabilities (a) incurred in the Ordinary Course since December 31, 2018,
(b) incurred in connection with this Agreement and the transactions contemplated hereby, or (c) that are accrued or reserved against
in the consolidated balance sheet of Landrum as of December 31, 2018 included in the Landrum Financial Statements at and for the
period ending December 31, 2018.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_027"></A><B>4.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Absence of Certain Changes or Events.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since December 31, 2017, there has not been a Material Adverse Effect on Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since December 31, 2017, (i) the Landrum Entities have carried on their respective businesses only in the Ordinary Course,
(ii) there has not been any material damage, destruction or other casualty loss with respect to any material Asset owned, leased
or otherwise used by any Landrum Entity whether or not covered by insurance and (iii) none of the Landrum Entities have taken
any action that would be prohibited by Section 6.2 if taken after the date hereof.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_028"></A>4.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Tax Matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All Landrum Entities have timely filed with the appropriate Taxing authorities all material Tax Returns required to be
filed with respect to the Landrum Entities, and all Tax Returns filed with respect to the Landrum Entities are correct and complete
in all material respects. None of the Landrum Entities is the beneficiary of any extension of time within which to file any Tax
Return (other than any extensions to file Tax Returns obtained in the Ordinary Course). All material Taxes of the Landrum Entities
have been fully and timely paid when due.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 145; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">There are no Liens for Taxes (other than a Lien for Taxes not yet due and payable) on
any of the Assets of any of the Landrum Entities. No claim has ever been made in writing by an authority in a jurisdiction where
any Landrum Entity does not file a Tax Return that such Landrum Entity may be subject to Taxes by such jurisdiction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the Landrum Entities has received any written notice of assessment or proposed assessment in connection with any
material amount of Taxes, and there are no disputes, claims, audits or examinations regarding any Taxes of any Landrum Entity
or the Assets of any Landrum Entity that are either pending or threatened in writing. None of the Landrum Entities has waived
any statute of limitations in respect of any Taxes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity has complied in all material respects with all applicable Laws relating to the withholding or backup
withholding of Taxes and the remittance thereof to appropriate authorities, including Taxes required to have been withheld and
remitted in connection with amounts paid or owing to any employee or independent contractor, and Taxes required to be withheld
and remitted pursuant to Sections 1441, 1442, 3402 and 3406 of the Internal Revenue Code or similar provisions under state, local
or foreign Law. Each Person to which each Landrum Entity pays interest or makes other payments in respect of which it is a &ldquo;withholding
agent&rdquo; within the meaning of the Internal Revenue Code and the Treasury Regulations has furnished to such Landrum Entity
a Withholding Certificate that is maintained in such Landrum Entity&rsquo;s files.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The unpaid Taxes of each Landrum Entity (i) did not, as of the most recent fiscal month end, materially exceed the reserve
for Tax Liability (other than any reserve for deferred Taxes established to reflect timing differences between book and Tax income)
set forth on the face of the most recent balance sheet (rather than in any notes thereto) for such Landrum Entity and (ii) do
not exceed that reserve as adjusted for the passage of time through the Closing Date in accordance with past custom and practice
of the Landrum Entities in filing their Tax Returns.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the Landrum Entities is a party to any Tax indemnity, allocation or sharing agreement (other than any agreement
solely between the Landrum Entities and other than any customary Tax indemnifications contained in credit or other commercial
agreements the primary purpose of which agreements does not relate to Taxes) and none of the Landrum Entities has been a member
of an affiliated group filing a consolidated federal income Tax Return (other than a group the common parent of which was Landrum)
or has any Tax Liability of any Person under Treasury Regulation Section 1.1502-6 or any similar provision of state, local or
foreign Law (other than the other members of the consolidated group the common parent of which is or was Landrum), or as a transferee
or successor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>During the five-year period ending on the date hereof, none of the Landrum Entities was a distributing corporation or a
controlled corporation in a transaction intended to be governed by Section 355 of the Internal Revenue Code. During the five-year
period ending on the date hereof, none of the Landrum Entities is, or has been, a United States real property holding corporation
within the meaning of Section 897(c)(2) of the Internal Revenue Code. None of the Landrum Entities owns an equity interest in
any foreign corporation, foreign partnership or other foreign entity or arrangement treated as a corporation or partnership for
U.S. federal income Tax purposes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Benefit Plan, employment agreement, or other compensation arrangement of Landrum that constitutes a &ldquo;nonqualified
deferred compensation plan&rdquo; subject to Section 409A of the Internal Revenue Code has been written, executed, and operated
in compliance with its terms and Section 409A of the Internal Revenue Code and the regulations thereunder. No Landrum Entity has
any obligation to gross-up or otherwise reimburse any person for any tax incurred by such person pursuant to Section 409A or Section
280G of the Internal Revenue Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the Landrum Entities will be required to include after the Closing any material adjustment in taxable income pursuant
to Section 481 of the Internal Revenue Code or any comparable provision under state or foreign Tax Laws as a result of transactions
or events occurring prior to the Closing. None of the Landrum Entities have participated in, or otherwise been a party to, any
&ldquo;reportable transaction&rdquo; within the meaning of </FONT></P>

<!-- Field: Page; Sequence: 146; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">Treasury Regulation Section 1.6011-4. The Landrum Entities have disclosed
on their respective federal income Tax Returns all positions taken therein that could give rise to a substantial understatement
of U.S. federal income Tax within the meaning of Section 6662 of the Internal Revenue Code.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_029"></A>4.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Assets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity has good and marketable title to those Assets reflected in the most recent Landrum Financial Statements
as being owned by such Landrum Entity or acquired after the date thereof (except Assets sold or otherwise disposed of since the
date thereof in the Ordinary Course), free and clear of all Liens, except (a)&nbsp;statutory Liens securing payments not yet due,
(b)&nbsp;Liens for real property Taxes not yet due and payable, (c)&nbsp;easements, rights of way, and other similar encumbrances
that do not materially affect the use of the Assets subject thereto or affected thereby or otherwise materially impair business
operations at such properties and (d)&nbsp;such imperfections or irregularities of title or Liens as do not materially affect
the use of the Assets subject thereto or affected thereby or otherwise materially impair business operations at such properties
(collectively, &ldquo;<U>Permitted Liens</U>&rdquo;). Landrum is the fee simple owner of all owned real property and the lessee
of all leasehold estates reflected in the most recent Landrum Financial Statements, free and clear of all Liens of any nature
whatsoever, except for Permitted Liens, and is in possession of the properties purported to be owned or leased thereunder, as
applicable. There are no pending or, to the Knowledge of Landrum, threatened condemnation or eminent domain proceedings against
any real property that is owned or leased by Landrum. The Landrum Entities own or lease all properties as are necessary to their
operations as now conducted and no Person has any option or right to acquire or purchase any ownership interest in the owned real
property or any portion thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Section 4.12(b) of Landrum&rsquo;s Disclosure Memorandum sets forth a complete and correct list of all street addresses
and fee owners of all real property owned, leased or licensed by any Landrum Entity or otherwise occupied by a Landrum Entity
or used or held for use by any Landrum Entity (collectively, the &ldquo;<U>Real Property</U>&rdquo;). Other than as set forth
on Section 4.12(b) of Landrum&rsquo;s Disclosure Memorandum, there are no Persons in possession of any portion of any of the Real
Property owned or leased by any Landrum Entity other than such Landrum Entity, and no Person other than a Landrum Entity has the
right to use or occupy for any purpose any portion of any of the Real Property owned, leased or licensed by a Landrum Entity.
Landrum or a Landrum Subsidiary has good and marketable fee title to all Real Property owned by it free and clear of all Liens,
except Permitted Liens. There are no outstanding options, rights of first offer or refusal or other pre-emptive rights or purchase
rights with respect to any such owned Real Property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All leases of Real Property under which any Landrum Entity, as lessee, leases Real Property, are valid, binding and enforceable
in accordance with their respective terms and Landrum or such Landrum Subsidiary has good and marketable leasehold interests to
all Real Property leased by them. There is not under any such lease any material existing Default by any Landrum Entity or, to
Landrum&rsquo;s Knowledge, any other party thereto, or any event which with notice or lapse of time would constitute such a material
Default and all rent and other sums and charges due and payable under such lease have been paid.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Assets reflected in the most recent Landrum Financial Statements which are owned or leased by the Landrum Entities,
and in combination with the Real Property, the Intellectual Property of any Landrum Entity, and contractual benefits and burdens
of the Landrum Entities, constitute, as of the Closing Date, all of the Assets, rights and interests necessary to enable the Landrum
Entities to operate consolidated businesses in the Ordinary Course and as the same is expected to be conducted on the Closing
Date.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_030"></A>4.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Intellectual Property; Privacy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity owns or has a valid license to use (in each case, free and clear of any Liens other than any Permitted
Liens) all of the Intellectual Property necessary to carry on the business of such Landrum Entity as it is currently conducted.
Each Landrum Entity is the owner of or has a license, with the right to sublicense, to any Intellectual Property sold or licensed
to a third party by such Landrum Entity in connection </FONT></P>

<!-- Field: Page; Sequence: 147; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">with such Landrum Entity&rsquo;s business operations, and such Landrum Entity
has the right to convey by sale or license any Intellectual Property so conveyed. No Landrum Entity is in Default under any of
its Intellectual Property licenses. No proceedings have been instituted, or are pending or to the Knowledge of Landrum threatened,
which challenge the rights of any Landrum Entity with respect to Intellectual Property used, sold or licensed by such Landrum
Entity in the course of its business, nor has any Person claimed or alleged any rights to such Intellectual Property. The conduct
of the business of each Landrum Entity and the use of any Intellectual Property by each Landrum Entity does not infringe, misappropriate
or otherwise violate the Intellectual Property rights of any other Person. No Person has asserted to Landrum in writing that any
Landrum Entity has infringed, misappropriated or otherwise violated the Intellectual Property rights of such Person. The validity,
continuation and effectiveness of all licenses and other agreements relating to Intellectual Property used by any Landrum Entity
in the course of its business and the current terms thereof will not be affected by the transactions contemplated by this Agreement,
the use of the &ldquo;Landmark Bank&rdquo; and &ldquo;The Landrum Company&rdquo; trademarks will be transferred to Simmons in
connection with the transactions contemplated by this Agreement and after the Effective Time, no Person besides Simmons shall
have right and title to the &ldquo;Landmark Bank&rdquo; and &ldquo;The Landrum Company&rdquo; trademarks and trade names. All
of the Landrum Entities&rsquo; right to the use of and title to the names &ldquo;Landmark Bank&rdquo; and &ldquo;The Landrum Company&rdquo;
will be transferred to Simmons in connection with the completion of the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) The computer, information technology and data processing systems, facilities and services used by the Landrum Entities,
including all software, hardware, networks, communications facilities, platforms and related systems and services (collectively,
the &ldquo;<U>Systems</U>&rdquo;), are reasonably sufficient for the conduct of the respective businesses of the Landrum Entities
as currently conducted and (ii) the Systems are in good working condition to effectively perform all computing, information technology
and data processing operations necessary for the operation of the respective businesses of the Landrum Entities. To Landrum&rsquo;s
Knowledge, no third party or Representative has gained unauthorized access to any Systems owned or controlled by any Landrum Entity,
and each Landrum Entity has taken commercially reasonable steps and implemented commercially reasonable safeguards to ensure that
the Systems are secure from unauthorized access and free from any disabling codes or instructions, spyware, Trojan horses, worms,
viruses or other software routines that permit or cause unauthorized access to, or disruption, impairment, disablement, or destruction
of, software, data or other materials. Each Landrum Entity has implemented backup and disaster recovery policies, procedures and
systems consistent with generally accepted industry standards and sufficient to reasonably maintain the operation of the respective
businesses of the Landrum Entities in all material respects. Each Landrum Entity has implemented and maintained commercially reasonable
measures and procedures designed to reasonably mitigate the risks of cybersecurity breaches and attacks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity has (i) complied in all material respects with all applicable Laws which govern the receipt, collection,
compilation, use, storage, processing, sharing, safeguarding, security, disposal, destruction, disclosure, transmission or transfer
of the personal data or information of customers or other individuals (&ldquo;<U>Personally Identifiable Information</U>&rdquo;)
and similar Laws governing data privacy, and with all of its published privacy and data security policies and internal privacy
and data security policies and guidelines, including with respect to the receipt, collection, compilation, use, storage, processing,
sharing, safeguarding, security, disposal, destruction, disclosure, transmission or transfer of Personally Identifiable Information
and (ii) taken commercially reasonable measures to ensure that all Personally Identifiable Information in its possession or control
is protected against loss, damage, and unauthorized access, use, modification, or other misuse. To Landrum&rsquo;s Knowledge,
there has been no loss, damage, or unauthorized access, use, modification, or other misuse of any such Personally Identifiable
Information by any Landrum Entity or any other Person.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_031"></A>4.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Environmental Matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity, its Participation Facilities, and its Operating Properties are, and have been, in compliance, in all
material respects, with all Environmental Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 148; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There is no Litigation pending or, to the Knowledge of Landrum, threatened before any court, governmental agency, or authority
or other forum in which any Landrum Entity or any of its Operating Properties or Participation Facilities (or Landrum in respect
of such Operating Property or Participation Facility) has been or, with respect to threatened Litigation, may be named as a defendant
(i)&nbsp;for alleged noncompliance (including by any predecessor) with or Liability under any Environmental Law or (ii)&nbsp;relating
to the release, discharge, spillage, or disposal into the environment of any Hazardous Material, whether or not occurring at,
on, under, adjacent to, or affecting (or potentially affecting) a site currently or formerly owned, leased, or operated by any
Landrum Entity or any of its Operating Properties or Participation Facilities, nor is there any reasonable basis for any Litigation
of a type described in this sentence. No Landrum Entity is subject to any Order imposing any liability or obligation with respect
to any Environmental Law that has had or would reasonably be expected to have, either individually or in the aggregate, a Material
Adverse Effect on Landrum.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_032"></A>4.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Compliance with Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity has, and since July 31, 2014 has had, in effect all Permits necessary for it to own, lease, or operate
its material Assets and to carry on its business as now or then conducted (and have paid all fees and assessments due and payable
in connection therewith). There has occurred no Default under any such Permit and to the Knowledge of Landrum no suspension or
cancellation of any such Permit is threatened. None of the Landrum Entities:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>is in Default under any of the provisions of its certificate of incorporation or bylaws (or other governing instruments);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>is in material Default under any Laws, Orders, or Permits applicable to its business or employees conducting its business;
or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>since July 31, 2014, has received any written notification or communication from any agency or department of federal, state,
or local government or any Regulatory Authority or the staff thereof asserting that any Landrum Entity is not in compliance with
any Laws or Orders, engaging in an unsafe or unsound activity or in troubled condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity is in compliance in all material respects with all applicable Laws, regulatory capital requirements,
Consents, Orders or conditions imposed in writing by a Regulatory Authority to which they or their Assets may be subject, including,
the Securities Laws, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Foreign Corrupt Practices Act of 1977,
as amended, the Interagency Policy Statement on Retail Sales of Nondeposit Investment Products, the Bank Secrecy Act, the USA
PATRIOT Act of 2001, the Fair Housing Act, the Community Reinvestment Act of 1977, the Home Mortgage Disclosure Act, the Fair
Credit Reporting Act, Fair Debt Collections Practices Act, the Electronic Fund Transfer Act, the Consumer Credit Protection Act,
the Truth-in-Lending Act and Regulation Z of the Consumer Financial Protection Bureau (&ldquo;<U>CFPB</U>&rdquo;) (12 C.F.R. Part
1026), the SAFE Mortgage Licensing Act of 2008, the Real Estate Settlement Procedures Act of 1974 and Regulation X of the CFPB
(12 C.F.R. Part 1024), the Equal Credit Opportunity Act and Regulation B of the CFPB (12 C.F.R. Part 1002), Sections 23A and 23B
of the Federal Reserve Act and Regulation W of the Federal Reserve (12 C.F.R. Part 223) (&ldquo;<U>Regulation W</U>&rdquo;), Sections
22(g) and 22(h) of the Federal Reserve Act and Regulation O of the Federal Reserve (12 C.F.R. Part 215) (&ldquo;<U>Regulation
O</U>&rdquo;), the Gramm-Leach-Bliley Act, the BHC Act, the FDIA, the Sarbanes-Oxley Act of 2002, any Laws promulgated by the
CFPB, Laws administered or enforced by the Federal Reserve, the FDIC, the MDF, U.S. Department of the Treasury&rsquo;s Financial
Crimes Enforcement Network or any other Regulatory Authority, and any other applicable Law related to data protection or privacy,
bank secrecy, financing or leasing practices, money laundering prevention, fair lending and fair housing discrimination (including,
without limitation, discriminatory lending, anti-redlining, equal credit opportunity and fair credit reporting), truth-in-lending,
real estate settlement procedures or consumer credit, all agency requirements relating to the origination, sale and servicing
of mortgage and consumer loans, and all applicable Laws under the foregoing. Landrum and Landmark Bank are &ldquo;well-capitalized&rdquo;
and &ldquo;well </FONT></P>

<!-- Field: Page; Sequence: 149; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">managed&rdquo; (as those terms are defined in applicable Laws). To the Knowledge of Landrum, each director, officer,
shareholder, manager, and employee of the Landrum Entities that has been engaged at any time in the development, use or operation
of the Landrum Entities and their respective Assets, and each Contractor, is and has been in compliance in all material respects
with all applicable Law relating to the development, use or operation of the Landrum Entities and their respective Assets. No
proceeding or notice has been filed, given, commenced or, to the Knowledge of Landrum, threatened against any of the Landrum Entities
or any of their respective directors, officers, members, Affiliates, managers, employees or Contractors alleging any failure to
so comply with all applicable Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landmark Bank (i) has properly certified all foreign deposit accounts and has made all necessary tax withholdings on all
of its deposit accounts, (ii) has timely and properly filed and maintained all requisite Currency Transaction Reports and other
related forms, including any requisite Custom Reports required by any agency of the U.S. Department of the Treasury, including
the U.S. Internal Revenue Service (&ldquo;<U>IRS</U>&rdquo;), and (iii) has timely filed all Suspicious Activity Reports with
the Financial Crimes Enforcement Network (bureau of the U.S. Department of the Treasury) required to be filed by it pursuant to
applicable Laws and regulations referenced in this Section 4.15 and Sections 4.17 and 4.33.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since July 31, 2014, each Landrum Entity has properly administered, in all material respects, all accounts for which it
acts as a fiduciary, including accounts for which any Landrum Entity serves as a trustee, agent, custodian, personal representative,
guardian, conservator or investment adviser, in accordance with the terms of the applicable governing documents and applicable
Laws. Since July 31, 2014, no Landrum Entity, or, to Landrum&rsquo;s Knowledge, any director, officer, or employee of any Landrum
Entity, has committed any material breach of trust or fiduciary duty with respect to any such fiduciary account, and the accountings
for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_033"></A>4.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Community Reinvestment Act Performance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landmark
Bank is an &ldquo;insured depository institution&rdquo; as defined in the FDIA and applicable regulations thereunder and has received
a Community Reinvestment Act rating of &ldquo;satisfactory&rdquo; or &ldquo;outstanding&rdquo; in its most recently completed
performance evaluation, and Landrum has no Knowledge of the existence of any fact or circumstance or set of facts or circumstances
which could reasonably be expected to result in Landmark Bank having its current rating lowered such that it is no longer &ldquo;satisfactory&rdquo;
or &ldquo;outstanding.&rdquo;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_034"></A>4.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Foreign Corrupt Practices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
Landrum Entity, or, to the Knowledge of Landrum, any director, officer, agent, employee or other Person acting on behalf of a
Landrum Entity has, in the course of its actions for, or on behalf of, any Landrum Entity (i) used any funds of any Landrum Entity
for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity, (ii) made any direct
or indirect unlawful payment to any foreign or domestic government official or employee from funds of any Landrum Entity, (iii)
violated any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended, or any similar law, (iv) made any bribe,
unlawful rebate, payoff, influence payment, kickback or other unlawful payment to any person, private or public, regardless of
form, whether in money, property or services, to obtain favorable treatment in securing business to obtain special concessions
for any Landrum Entity, to pay for favorable treatment for business secured or to pay for special concessions already obtained
for any Landrum Entity, (v) established or maintained any unlawful fund of monies or other Assets of any Landrum Entity, (vi)
made any fraudulent entry on the books or records of any Landrum Entity or (vii) violated or is in violation of the Currency and
Foreign Transactions Reporting Act of 1970, as amended, the Bank Secrecy Act, the USA PATRIOT ACT of 2001, the money laundering
Laws of any jurisdiction, and any related or similar rules, regulations or guidelines, issued, administered or enforced by any
Regulatory Authority (collectively, the &ldquo;<U>Money Laundering Laws</U>&rdquo;) and no action, suit or proceeding by or before
any Regulatory Authority or any arbitrator involving any Landrum Entity with respect to the Money Laundering Laws is pending or,
to the Knowledge of Landrum, threatened. Each Landrum Entity has been conducting </FONT></P>

<!-- Field: Page; Sequence: 150; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">operations at all times in compliance with applicable
financial recordkeeping and reporting requirements of all Money Laundering Laws administered and each Landrum Entity has established
and maintained a system of internal controls designed to ensure compliance by the Landrum Entities with applicable financial recordkeeping
and reporting requirements of the Money Laundering Laws.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_035"></A><B>4.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Labor Relations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Landrum Entity is the subject of any pending or threatened Litigation asserting that it or any other Landrum Entity
has committed an unfair labor practice (within the meaning of the National Labor Relations Act or comparable state Law) or other
violation of state or federal labor Law or seeking to compel it or any other Landrum Entity to bargain with any labor organization
or other employee representative as to wages or conditions of employment. No Landrum Entity, predecessor, or Affiliate of a Landrum
Entity is or has ever been party to any collective bargaining agreement or subject to any bargaining order, injunction or other
Order relating to Landrum&rsquo;s relationship or dealings with its employees, any labor organization or any other employee representative,
and no Landrum Entity is currently negotiating any collective bargaining agreement. There is no strike, slowdown, lockout or other
job action or labor dispute involving any Landrum Entity pending or threatened and there have been no such actions or disputes
since July 31, 2014. To the Knowledge of Landrum, since July 31, 2014, there has not been any attempt by any Landrum Entity employees
or any labor organization or other employee representative to organize or certify a collective bargaining unit or to engage in
any other union organization activity with respect to the workforce of any Landrum Entity. The employment of each employee of
each Landrum Entity (other than five employees, with each of whom Landrum has entered into an Executive Employment Agreement)
are terminable at will by the relevant Landrum Entity without any penalty, liability or severance obligation incurred by any Landrum
Entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Section&nbsp;4.18(b) of Landrum&rsquo;s Disclosure Memorandum separately sets forth all of Landrum&rsquo;s employees, including
for each such employee: name, job title, hire date, full- or part-time status, Fair Labor Standards Act designation, work location
(identified by street address), current compensation paid or payable, all wage arrangements, fringe benefits (other than employee
benefits applicable to all employees, which benefits are set forth on Section 4.19(a) of Landrum&rsquo;s Disclosure Memorandum),
bonuses, incentives or commissions paid the past two years, and visa and greencard application status. To Landrum&rsquo;s Knowledge,
no employee of any Landrum Entity is a party to, or is otherwise bound by, any agreement or arrangement, including any confidentiality
or non-competition agreement, that in any way adversely affects or restricts the performance of such employee&rsquo;s duties.
Each current and former employee of the Landrum Entities who has contributed to the creation or development of any Intellectual
Property owned by any Landrum Entity has executed a nondisclosure and assignment-of-rights agreement for the benefit of the Landrum
Entities vesting all rights in work product created by the employee during the employee&rsquo;s employment or affiliation with
the Landrum Entities. No Key Employee of any Landrum Entity has provided written notice to a Landrum Entity of his or her intent
to terminate his or her employment with the applicable Landrum Entity as of the date hereof, and, as of the date hereof, to Landrum&rsquo;s
Knowledge, no Key Employee intends to terminate his or her employment with Landrum before Closing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Section&nbsp;4.18(c) of Landrum&rsquo;s Disclosure Memorandum contains a complete and accurate listing of the name and
contact information of each entity or individual (if not an employee or agent of a contracting entity) who has provided personal
services to any Landrum Entity as an independent contractor, consultant, freelancer or other similar service provider (collectively,
&ldquo;<U>Contractors</U>&rdquo;) during the prior two years. A copy of each Contract relating to the services provided by any
such Contractor to a Landrum Entity has been made available to Simmons prior to the date hereof. To Landrum&rsquo;s Knowledge,
no Contractor used by the Landrum Entities is a party to, or is otherwise bound by, any agreement or arrangement with any third
party, including any confidentiality or non-competition agreement, that in any way adversely affects or restricts the performance
of such Contractor&rsquo;s duties for the Landrum Entities. Each Contractor ever retained by the Landrum Entities who has contributed
to the creation or development of any Intellectual Property owned by any Landrum Entity</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 151; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><FONT STYLE="font-size: 10pt">has executed a nondisclosure and assignment-of-rights
agreement for the benefit of the Landrum Entities and the Landrum Entities are the owner of all rights in and to all Intellectual
Property created by each Contractor in performing services for the Landrum Entities vesting all rights in work product created
in the Landrum Entities. To Landrum&rsquo;s Knowledge, no current Contractor used by the Landrum Entities intends to terminate
his or her or its relationship with any Landrum Entity. The Landrum Entities have no obligation or liability with respect to any
taxes (or the withholding thereof) in connection with any Contractor nor has Landrum performed any act or engaged in any activity
that could result in Landrum being found to be a joint employer of a Contractor under the National Labor Relations Act, the Fair
Labor Standards Act, any Occupational Safety and Health Administration laws or regulations, any state worker&rsquo;s compensation
laws, or any other law or regulation. The Landrum Entities have properly classified, pursuant to the Internal Revenue Code, the
Fair Labor Standards Act and any other applicable Law, all Contractors used by the Landrum Entities at any point. The engagement
of each Contractor of each Landrum Entity is terminable at will by the relevant Landrum Entity without any penalty, liability
or severance obligation incurred by any Landrum Entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Landrum Entities have no &ldquo;leased employees&rdquo; within the meaning of Internal Revenue Code Section 414(n).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Landrum Entities have, or will have no later than the Closing Date, paid or accrued salaries, bonuses, commissions,
and other wages due to be paid or accrued through the Closing Date. Each of the Landrum Entities is and at all times has been
in material compliance with all Law governing the employment of labor and the withholding of taxes, including but not limited
to, all contractual commitments and all such Laws relating to wages, hours, affirmative action, collective bargaining, discrimination,
civil rights, disability accommodation, employee leave, unemployment, worker classification, immigration, safety and health, workers&rsquo;
compensation and the collection and payment of withholding or Social Security taxes and similar taxes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since July 31, 2014, there have not been any wage and hour claims or any discrimination, disability accommodation, or other
employment claims or charges by any employee of any Landrum Entity or by any individual who has applied for employment with any
Landrum Entity nor, to Landrum&rsquo;s Knowledge, are there any such claims or charges currently threatened by any employee or
applicant of any Landrum Entity. To the Knowledge of Landrum, there are no governmental investigations open with or under consideration
by the U.S. Department of Labor (&ldquo;<U>DOL</U>&rdquo;), Equal Employment Opportunity Commission, or any other federal or state
governmental body charged with administering or enforcing employment related Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All of the Landrum Entities&rsquo; employees are employed in the United States and are either United States citizens or
are legally entitled to work in the United States under the Immigration Reform and Control Act of 1986, as amended, other United
States immigration Laws and the Laws related to the employment of non-United States citizens applicable in the state in which
the employees are employed. Each individual who renders services to any Landrum Entity has provided proof of employment eligibility
and is properly classified as having the status of an employee or independent contractor or other non-employee status (including
for purposes of taxation and Tax reporting and under Landrum Benefit Plans).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since July 31, 2014 none of the Landrum Entities has implemented any plant closing or mass layoff, as defined under the
WARN Act, and no such actions are currently contemplated, planned or announced.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_036"></A>4.19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Employee Benefit Plans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum has made available to Simmons prior to the execution of this Agreement, true and correct copies of each Employee
Benefit Plan currently adopted, maintained by, sponsored in whole or in part by, or contributed to by any Landrum Entity or ERISA
Affiliate thereof for the benefit of employees, retirees, dependents, spouses, directors, independent contractors, or other beneficiaries
or under which employees, retirees, former employees, dependents, spouses, directors, independent contractors, or other beneficiaries
are eligible to participate or with respect to which Landrum or any ERISA Affiliate has or may have any obligation</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 152; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><FONT STYLE="font-size: 10pt">or Liability
(collectively, the &ldquo;<U>Landrum Benefit Plans</U>&rdquo;). For the avoidance of doubt, the term &ldquo;Landrum Benefit Plans&rdquo;
includes plans, programs, policies, and arrangements sponsored or maintained by a third-party professional employer organization
in which the current or former employees, retirees, dependents, spouses, directors, Contractors, or other beneficiaries of a Landrum
Entity or any of its affiliates are eligible to participate. Section 4.19(a) of Landrum&rsquo;s Disclosure Memorandum has a complete
and accurate list of all Landrum Benefit Plans. No Landrum Benefit Plan is subject to any Laws other than those of the United
States or any state, county, or municipality in the United States. Landrum has made available to Simmons prior to the execution
of this Agreement (i) for each Landrum Benefit Plan, the plan document(s), as amended through the date of this Agreement, or a
written summary of any unwritten Landrum Benefit Plan, (ii) all trust agreements or other funding arrangements for all Landrum
Benefit Plans, (iii) all determination letters, opinion letters, information letters or advisory opinions issued by the IRS, the
DOL or the Pension Benefit Guaranty Corporation (&ldquo;<U>PBGC</U>&rdquo;) regarding a Landrum Benefit Plan during this calendar
year or any of the preceding three calendar years, or the most recent such letter or opinion if issued prior to the three preceding
calendar years, (iv) annual reports or returns, audited or unaudited financial statements, actuarial or allocation reports, non-discrimination
tests and valuations prepared for any Landrum Benefit Plan for the current plan year and the preceding three plan years, (v) the
most recent summary plan descriptions and any material modifications thereto for any Landrum Benefit Plan, (vi) any correspondence
with the DOL, IRS, PBGC, or any other governmental entity regarding a Landrum Benefit Plan, (vii) any correspondence, memorandum
or calculations regarding errors corrected or to be corrected with respect to any Landrum Benefit Plan under the IRS Employee
Plans Compliance Resolution System or the DOL Voluntary Fiduciary Correction Program, (viii) all actuarial valuations of Landrum
Benefit Plans, and (ix) any other material agreements that insure or implement the Landrum Benefit Plans, including, with respect
to the ESOP, any agreement with the ESOP Trustees and/or the ESOP Financial Advisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Benefit Plan is and has been maintained in compliance with the terms of such Landrum Benefit Plan, and in
compliance with the applicable requirements of the Internal Revenue Code, ERISA, and any other applicable Laws. No Landrum Benefit
Plan is required to be amended within the ninety-day period beginning on the Closing Date in order to continue to comply with
ERISA, the Internal Revenue Code, and other applicable Law. Each Landrum Benefit Plan that is intended to be qualified under Section
401(a) of the Internal Revenue Code is so qualified and has received a favorable determination letter, or for a prototype or volume
submitter plan, opinion letter, from the IRS that is still in effect and applies to the Landrum Benefit Plan and on which such
Landrum Benefit Plan is entitled to rely. Nothing has occurred and no circumstance exists that could adversely affect the qualified
status of such Landrum Benefit Plan. Within the past three years, no Landrum Entity has taken any action to make a material correction,
or make a filing under any voluntary correction program of the IRS, DOL or any other Regulatory Authority, with respect to any
Landrum Benefit Plan. Other than shares of Landrum Common Stock held in the ESOP and the CBP, all assets of each Landrum Benefit
Plan that is a retirement plan consist exclusively of cash and actively traded securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There is no loan outstanding between the ESOP and any other Person. The ESOP has at all times been primarily invested in
&ldquo;employer securities&rdquo; as defined in Section 409(l) of the Internal Revenue Code, and has never acquired or held any
employer security that was not a &ldquo;qualifying employer security&rdquo; as defined in Section 407(d)(5) of ERISA. Neither
Landrum nor any ERISA Affiliate of Landrum has been subject to any unpaid Tax imposed by Sections 4978 and 4979A of the Internal
Revenue Code. Any transaction to which the ESOP was at any time a party involving the purchase, sale or exchange of any security
complied with the applicable requirements of ERISA and the Internal Revenue Code, including Section 3(18) of ERISA. To Landrum&rsquo;s
Knowledge, the ESOP Trustees have complied in all material respects with all of the responsibilities and duties imposed on the
ESOP Trustees in connection with the transactions contemplated by this Agreement, including but not limited to the ESOP Trustees&rsquo;
fiduciary obligations under ERISA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There are no threatened or pending claims or disputes under the terms of, or in connection with, the Landrum Benefit Plans
other than claims for benefits in the Ordinary Course that are not expected to result in material liability to any Landrum Entity,
and no action, proceeding, prosecution, inquiry, hearing, investigation or audit has been commenced with respect to any Landrum
Benefit Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 153; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of Landrum, the Affiliates of Landrum and the ESOP Trustees has engaged in any prohibited transaction for which there
is not an exemption, within the meaning of Section 4975 of the Internal Revenue Code or Section 406 of ERISA, with respect to
any Landrum Benefit Plan and no prohibited transaction has occurred with respect to any Landrum Benefit Plan that would be reasonably
expected to result in any liability or excise Tax under ERISA or the Internal Revenue Code. No ESOP Trustee, Landrum Entity, Landrum
Entity employee, nor any committee of which any Landrum Entity employee is a member has breached his or her fiduciary duty with
respect to a Landrum Benefit Plan in connection with any acts taken (or failed to be taken) with respect to the administration
or investment of the assets of any Landrum Benefit Plan. To Landrum&rsquo;s Knowledge, no fiduciary, within the meaning of Section
3(21) of ERISA, who is not an ESOP Trustee, a Landrum Entity or any Landrum Entity employee, has breached his or her fiduciary
duty with respect to a Landrum Benefit Plan or otherwise has any liability in connection with any acts taken (or failed to be
taken) with respect to the administration or investment of the assets of any Landrum Benefit Plan that would reasonably be expected
to result in any liability or excise Tax under ERISA or the Internal Revenue Code being imposed on Landrum or any Affiliate of
Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Landrum nor any ERISA Affiliate has at any time been a party to or maintained, sponsored, contributed to or has
been obligated to contribute to, or had any liability with respect to, or would reasonably be expected to have any such obligation
to contribute to or liability with respect to: (i) a plan subject to Title IV of ERISA, (ii) a &ldquo;multiemployer plan&rdquo;
(as defined in ERISA Section 3(37) and 4001(a)(3)), (iii) a &ldquo;multiple employer plan&rdquo; (within the meaning of ERISA
or the Internal Revenue Code), (iv) any voluntary employees&rsquo; beneficiary association (within the meaning of Section 501(c)(9)
of the Internal Revenue Code), (v) a &ldquo;multiple employer welfare arrangement&rdquo; (within the meaning of Section 3(40)
of ERISA), (vi) any self-funded health or welfare benefit plan (&ldquo;<U>Self-Funded Health or Welfare Plan</U>&rdquo;), or (vii)
an arrangement that is not either exempt from, or in compliance with, Section 409A of the Internal Revenue Code or that provides
for indemnification for or gross-up of any taxes thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Benefit Plan that is a health or welfare plan has been amended and administered in accordance with the requirements
of the Patient Protection and Affordable Care Act of 2010 (&ldquo;<U>PPACA</U>&rdquo;), and complies with and is administered
in accordance with all aspects of all applicable laws, including the PPACA, COBRA, HIPAA, ERISA, and the Internal Revenue Code,
including all reporting requirements thereunder. The eligibility provisions of each Landrum Benefit Plan that is a health or welfare
plan is limited to Landrum&rsquo;s common law employees and, as applicable, former employees (and spouses and dependents thereof)
and only those persons provided coverage are described in the health or welfare plan as being eligible for coverage; provided,
however, that certain of the Landrum directors are participants in the Landrum health and dental benefit plans. Each Self-Funded
Health or Welfare Plan does not have any covered claims incurred in plan years preceding the current plan year which are unpaid.
Each Self-Funded Health or Welfare Plan has stop loss insurance policies in force for which all premium payments have been made
and are current, and which provides for run-out or tail coverage for covered claims incurred prior to the end of the plan year
or the termination of the applicable Self-Funded Health or Welfare Plan, but not submitted and paid prior to the end of such period,
and such coverage extends for such period of time as provided under the applicable Self-Funded Health or Welfare Plan to submit
claims for the period incurred under the applicable Self-Funded Health or Welfare Plan (the &ldquo;<U>Claims Period</U>&rdquo;).
In the event the stop loss policies currently in place do not provide for run-out or tail coverage to the end of such Claims Period,
the Landrum Entities will obtain such coverage at the satisfaction of Simmons prior to the Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as shown in Section 4.19(h) of Landrum&rsquo;s Disclosure Memorandum (relating to survivor benefits relating to
split-dollar arrangements related to bank owned life insurance), no Landrum Entity has any Liability or obligation to provide
postretirement health, medical or life insurance benefits to any Landrum Entity&rsquo;s employees or former employees, officers,
or directors, or any dependent or beneficiary thereof, except as otherwise required under state or federal benefits continuation
Laws and for which the covered individual pays the full cost of coverage. No Tax under Internal Revenue Code Sections 4980B or
5000 has been incurred with respect to any Landrum Benefit Plan and no circumstance exists which could give rise to such Tax.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 154; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All contributions required to be made to any Landrum Benefit Plan by applicable Law or regulation or by any plan document
or other contractual undertaking, and all premiums due or payable with respect to insurance policies funding any Landrum Benefit
Plan, for any period through the date hereof, have been timely made or paid in full or, to the extent not required to be made
or paid on or before the date hereof, have been fully reflected on the books and records of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will
(either alone or in conjunction with any other event) result in, cause the vesting (except for vesting caused by the termination
of any of the Landrum Benefit Plans), exercisability or delivery of, or increase in the amount or value of, any payment, right
or other benefit to any employee, officer, director or other service provider of any Landrum Entity, or result in any (a) requirement
to fund any benefits or set aside benefits in a trust (including a rabbi trust), (b) limitation on the right of any Landrum Entity
to amend, merge, terminate or receive a reversion of assets from any Landrum Benefit Plan or related trust, (c) except for benefits
that may become payable under executive employment agreements between Landrum and certain Key Employees whose employment is terminated
without cause or for good reason following or in contemplation of the Closing, acceleration of the time of payment or vesting
of any such payment, right, compensation or benefit, or (d) entitlement by any recipient of any payment or benefit to receive
a &ldquo;gross up&rdquo; payment for any income or other Taxes that might be owed with respect to such payment or benefit. Without
limiting the generality of the foregoing, no amount paid or payable (whether in cash, in property, or in the form of benefits)
in connection with the transactions contemplated hereby (either solely as a result thereof or as a result of such transactions
in conjunction with any other event) will be an &ldquo;excess parachute payment&rdquo; within the meaning of Section 280G of the
Internal Revenue Code. Section 4.19(j) of Landrum&rsquo;s Disclosure Memorandum sets forth accurate and complete data with respect
to each individual who has a contractual right to severance pay or benefits (or increase in severance pay or benefits, including
the acceleration of any payment or vesting) triggered by a change in control and the amounts potentially payable to each such
individual in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated
hereby (either alone or in conjunction with any other event) or as a result of a termination of employment or service, noting
any contractual provisions relating to Section 280G of the Internal Revenue Code. No Landrum Benefit Plan provides for, and no
Landrum Entity has any obligation to provide, the gross-up or reimbursement of Taxes under Section 4999 or 409A of the Internal
Revenue Code, or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_037"></A>4.20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Material Contracts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">None
of the Landrum Entities, nor any of their respective Assets, businesses, or operations, is a party to, or is bound or affected
by, or receives benefits under, any Contract (whether written or oral), (a) that is either material to any Landrum Entity or that
would be required to be filed as an exhibit to a Form 10-K filed by any Landrum Entity with the SEC if the Landrum Entity were
required to file or voluntarily filed such Form 10-K, (b) that is an employment, severance, termination, consulting, or retirement
Contract, (c) relating to the borrowing of money by any Landrum Entity or the guarantee by any Landrum Entity of any such obligation
(other than Contracts evidencing deposit liabilities, purchases of federal funds, fully-secured repurchase agreements, advances
and loans from the Federal Home Loan Bank, and trade payables, in each case in the Ordinary Course) in excess of $50,000, including
any sale and leaseback transactions, capitalized leases and other similar financing arrangements, (d) which prohibits or restricts
any Landrum Entity (and/or, following consummation of the transactions contemplated by this Agreement, any Simmons Entity) from
engaging in any business activities in any geographic area, line of business or otherwise in competition with any other Person,
(e) relating to the purchase or sale of any goods or services by a Landrum Entity (other than Contracts entered into in the Ordinary
Course and involving payments under any individual Contract not in excess of $75,000 over its remaining term or involving Loans,
borrowings or guarantees originated or purchased by any Landrum Entity in the Ordinary Course), (f) which obligates any Landrum
Entity to conduct business with any third party on an exclusive or preferential basis, or requires referrals of business or any
Landrum Entity to make available investment opportunities to any Person on a priority or exclusive basis, (g) which limits the
payment of dividends</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 155; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><FONT STYLE="font-size: 10pt">by any Landrum Entity, (h) pursuant to which any Landrum Entity has agreed with any third parties to become
a member of, manage or control a joint venture, partnership, limited liability company or other similar entity, (i) pursuant to
which any Landrum Entity has agreed with any third party to a change of control transaction such as an acquisition, divestiture
or merger or contains a put, call or similar right involving the purchase or sale of any equity interests or Assets of any Person
and which contains representations, covenants, indemnities or other obligations (including indemnification, &ldquo;earn-out&rdquo;
or other contingent obligations) that are still in effect, (j) which relates to Intellectual Property of Landrum, (k) between
any Landrum Entity, on the one hand, and (i) any officer or director of any Landrum Entity, or (ii) to the Knowledge of Landrum,
any (x) record or beneficial owner of five percent or more of the voting securities of Landrum, (y) Affiliate or family member
of any such officer, director or record or beneficial owner or (z) any other Affiliate of Landrum, on the other hand, except those
of a type available to employees of Landrum generally, (l) that provides for payments to be made by any Landrum Entity upon a
change in control thereof, (m) that may not be canceled by Simmons, Landrum or any of their respective Subsidiaries (i) at their
convenience (subject to no more than 90 days&rsquo; prior written notice), or (ii) without payment of a penalty or termination
fee equal to or greater than $50,000 (assuming such Contract was terminated on the Closing Date), (n) containing any standstill
or similar agreement pursuant to which Landrum has agreed not to acquire Assets or equity interests of another Person, (o) that
provides for indemnification by any Landrum Entity of any Person, except for non-material Contracts entered into in the Ordinary
Course, (p) with or to a labor union or guild (including any collective bargaining agreement), (q) that grants any &ldquo;most
favored nation&rdquo; right, right of first refusal, right of first offer or similar right with respect to any material Assets,
or rights of any Landrum Entity, taken as a whole, (r) that would be terminable other than by a Landrum Entity or under which
a material payment obligation would arise or be accelerated, in each case as a result of the Merger or the announcement or consummation
of the transactions contemplated by this Agreement (either alone or upon the occurrence of any additional acts or events), (s)
any other Contract or amendment thereto that is material to any Landrum Entity or their respective business or Assets and not
otherwise entered into in the Ordinary Course, (t) any Landrum Benefit Plans, pursuant to which any of the benefits thereunder
will be increased, or the vesting of the benefits will be accelerated, by the occurrence of the execution or delivery of this
Agreement, the obtainment of the Landrum Shareholder Approval or the consummation of any of the transactions contemplated by this
Agreement, or the value of any of benefits under which will be calculated on the basis of any of the transactions contemplated
by this Agreement, or (u) that is a settlement, consent or similar Contract and contains any material continuing obligations of
any Landrum Entity. Each Contract of the type described in this Section 4.20, whether or not set forth in Landrum&rsquo;s Disclosure
Memorandum together with all Contracts referred to in Sections 4.13 and 4.19(a), are referred to herein as the &ldquo;<U>Landrum
Contracts</U>.&rdquo; With respect to each Landrum Contract: (i)&nbsp;the Landrum Contract is legal, valid and binding on a Landrum
Entity and is in full force and effect and is enforceable in accordance with its terms; (ii)&nbsp;no Landrum Entity is in Default
thereunder; (iii)&nbsp;no Landrum Entity has repudiated or waived any material provision of any such Landrum Contract; (iv)&nbsp;no
other party to any such Landrum Contract is, to the Knowledge of Landrum, in Default or has repudiated or waived any material
provision thereunder; and (v) there is not pending or, to the Knowledge of Landrum, threatened cancellations of any Landrum Contract.
All of the Landrum Contracts have been Previously Disclosed and complete and correct copies of each Landrum Contract have been
made available to Simmons. All of the indebtedness of any Landrum Entity for money borrowed is prepayable at any time by such
Landrum Entity without penalty or premium.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_038"></A>4.21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Agreements with Regulatory Authorities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
Landrum Entity is subject to any cease-and-desist or other Order or enforcement action issued by, or is a party to any written
agreement, consent decree, or memorandum of understanding with, or is a party to any commitment letter, safety and soundness compliance
plan, order of prohibition or suspension or other written statement as described under 12 U.S.C. 1818(u), or similar undertaking
to, or is subject to any order or directive by, or has been ordered to pay any civil money penalty by, or has been a recipient
of any supervisory letter from, or has adopted any policies, procedures or board resolutions at the request or suggestion of any
Regulatory Authority that currently restricts in any material respect the conduct of its business or that in any material manner
relates to its capital adequacy, its ability to pay dividends, its credit or risk management policies, its management, </FONT></P>

<!-- Field: Page; Sequence: 156; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">its business
or Landmark Bank&rsquo;s acceptance of brokered deposits (each, whether or not set forth in Landrum&rsquo;s Disclosure Memorandum,
a &ldquo;<U>Landrum Regulatory Agreement</U>&rdquo;), nor has any Landrum Entity been advised in writing or, to Landrum&rsquo;s
Knowledge, orally, since July 31, 2014, by any Regulatory Authority that Landmark Bank is in troubled condition or that the Regulatory
Authority is considering issuing, initiating, ordering, or requesting any such Landrum Regulatory Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_039"></A>4.22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Investment Securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity has good title in all material respects to all securities and commodities owned by it (except those
sold under repurchase agreements, pledged to secure deposits of public funds, borrowings of federal funds or borrowings from the
Federal Reserve Banks or Federal Home Loan Banks or held in any fiduciary or agency capacity), free and clear of any Lien, except
to the extent such securities or commodities are pledged in the Ordinary Course and in accordance with prudent banking practices
to secure obligations of a Landrum Entity. Such securities are valued on the books of Landrum in accordance with GAAP in all material
respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity employs, to the extent applicable, investment, securities, risk management and other policies, practices
and procedures that Landrum believes are prudent and reasonable in the context of their respective businesses, and each Landrum
Entity has, since July 31, 2014, been in compliance with such policies, practices and procedures in all material respects.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_040"></A>4.23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Derivative Instruments and Transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">All
Derivative Transactions (as defined below) whether entered into for the account of any Landrum Entity or for the account of a
customer of any Landrum Entity (a) were entered into in the Ordinary Course and in accordance with prudent banking practice and
applicable rules, regulations and policies of all applicable Regulatory Authorities, (b) are legal, valid and binding obligations
of the Landrum Entity party thereto and, to the Knowledge of Landrum, each of the counterparties thereto and (c) are in full force
and effect and enforceable in accordance with their terms. The Landrum Entities and, to the Knowledge of Landrum, the counterparties
to all such Derivative Transactions, have duly performed, in all material respects, their obligations thereunder to the extent
that such obligations to perform have accrued.&nbsp;&nbsp;To the Knowledge of Landrum, there are no material breaches, violations
or Defaults or allegations or assertions of such by any party pursuant to any such Derivative Transactions. The financial position
of the Landrum Entities on a consolidated basis under or with respect to each such Derivative Transaction has been reflected in
the Books and Records of the Landrum Entities in accordance with GAAP. For purposes of this Agreement, the term &ldquo;<U>Derivative
Transaction</U>&rdquo; means any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction,
cap transaction, floor transaction or collar transaction relating to one or more currencies, commodities, bonds, equity securities,
loans, interest rates, catastrophe events, weather-related events, credit-related events or conditions or any indexes, or any
other similar transaction (including any option with respect to any of these transactions) or combination of any of these transactions,
including collateralized mortgage obligations or other similar instruments or any debt or equity instruments evidencing or embedding
any such types of transactions, and any related credit support, collateral or other similar arrangements related to such transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_041"></A>4.24.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Legal Proceedings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">There
is no Litigation instituted or pending, or, to the Knowledge of Landrum, threatened against any Landrum Entity, or against any
current or former director, officer or employee of a Landrum Entity in their capacities as such or Employee Benefit Plan of any
Landrum Entity, or against any Asset, interest, or right of any of them, nor are there any Orders outstanding against any Landrum
Entity, in each case, that has had and would reasonably be expected to have, either individually or in the aggregate, a Material
Adverse Effect on Landrum. Section 4.24 of Landrum&rsquo;s Disclosure Memorandum sets forth a list of all Litigation as of the
date of this Agreement to which any Landrum Entity is a party. Section 4.24 of Landrum&rsquo;s Disclosure Memorandum sets forth
a list of all Orders to which any Landrum Entity is subject.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 157; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_042"></A><B>4.25.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Statements True and Correct.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the information supplied or to be supplied by any Landrum Entity or any Affiliate thereof for inclusion (including
by incorporation by reference) in the Registration Statement to be filed by Simmons with the SEC will, when supplied or when the
Registration Statement becomes effective (or when incorporated by reference), be false or misleading with respect to any material
fact, or omit to state any material fact necessary to make the statements therein not misleading. The portions of the Registration
Statement and the Proxy Statement/Prospectus relating to the Landrum Entities and other portions within the reasonable control
of the Landrum Entities will comply as to form in all material respects with the requirements of the Exchange Act and the rules
and regulations thereunder at the time the Registration Statement becomes effective and at the time the Proxy Statement/Prospectus
is filed with the SEC and first mailed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the information supplied or to be supplied by any Landrum Entity or any Affiliate thereof for inclusion (including
by incorporation by reference) in the Proxy Statement/Prospectus, and any other documents to be filed by a Landrum Entity or any
Affiliate thereof with any Regulatory Authority in connection with the transactions contemplated hereby, will, at the respective
time such information is supplied and such documents are filed (or when incorporated by reference), and with respect to the Proxy
Statement/Prospectus, when first mailed to the shareholders of Landrum, be false or misleading with respect to any material fact,
or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were
made, not misleading, or, in the case of the Proxy Statement/Prospectus or any amendment thereof or supplement thereto, at the
time of Landrum&rsquo;s Shareholders&rsquo; Meeting, be false or misleading with respect to any material fact, or omit to state
any material fact necessary to correct any statement in any earlier communication with respect to the solicitation of any proxy
for Landrum&rsquo;s Shareholders&rsquo; Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_043"></A>4.26.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">State Takeover Statutes and Takeover Provisions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
has taken all action required to be taken by it in order to exempt this Agreement and the transactions contemplated hereby from,
and this Agreement and the transactions contemplated hereby are exempt from, the requirements of any &ldquo;moratorium,&rdquo;
&ldquo;fair price,&rdquo; &ldquo;affiliate transaction,&rdquo; &ldquo;business combination,&rdquo; &ldquo;control share acquisition&rdquo;
or similar provision of any state anti-takeover Law (collectively, &ldquo;<U>Takeover Laws</U>&rdquo;). No Landrum Entity is the
beneficial owner (directly or indirectly) of more than 10% of the outstanding capital stock of Simmons entitled to vote in the
election of Simmons&rsquo; directors.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_044"></A>4.27.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Opinion of Financial Advisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Prior
to the execution of this Agreement, the board of directors of Landrum has received the opinion of Keefe Bruyette &amp; Woods,
Inc., which, if initially rendered verbally has been or will be confirmed by a written opinion dated the same date to the effect
that, as of such date and based upon the terms, conditions, and qualifications set forth therein, the Stock Consideration to be
paid to the holders of Landrum Common Stock in the Merger is fair, from a financial point of view, to such holders. Such opinion
has not been amended or rescinded as of the date of this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_045"></A>4.28.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Tax and Regulatory Matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
Landrum Entity or, to the Knowledge of Landrum, any Affiliate thereof has taken or agreed to take any action, and Landrum does
not have any Knowledge of any agreement, plan or other circumstance, that is reasonably likely to<B> </B>(a)&nbsp;prevent the
Merger from qualifying as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Internal Revenue Code or
(b)<B> </B>materially impede or delay receipt of any of the Requisite Regulatory Approvals.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 158; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_046"></A>4.29.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Loan Matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Landrum Entity is a party to any written or oral Loan in which any Landrum Entity is a creditor which as of June 30,
2019, had an outstanding balance of $50,000 or more and under the terms of which the obligor was, as of June 30, 2019, over 90
days or more delinquent in payment of principal or interest. Except as such disclosure may be limited by any applicable Law, Section
4.29(a) of Landrum&rsquo;s Disclosure Memorandum sets forth a true, correct and complete list of all of the Loans of the Landrum
Entities that, (A) as of June 30, 2019 had an outstanding balance of $50,000 or more and were (1) on non-accrual status or (2)
classified by Landrum as &ldquo;Other Loans Specially Mentioned,&rdquo; &ldquo;Special Mention,&rdquo; &ldquo;Substandard,&rdquo;
&ldquo;Doubtful,&rdquo; &ldquo;Loss,&rdquo; &ldquo;Classified,&rdquo; &ldquo;Criticized,&rdquo; &ldquo;Credit Risk Assets,&rdquo;
&ldquo;Concerned Loans,&rdquo; &ldquo;Watch List&rdquo; or words of similar import, together with the principal amount of and
accrued and unpaid interest on each such Loan and the aggregate principal amount of and accrued and unpaid interest on such Loans
as of such date, or (B) with respect to which, at any point since December 31, 2014, constituted a &ldquo;Troubled Debt Restructuring,&rdquo;
as defined in the Accounting Standards Codification Subtopic 310-40.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Loan <FONT STYLE="font-weight: normal"><U>currently outstanding </U></FONT>(i) is evidenced by notes, agreements or
other evidences of indebtedness that are true, genuine and what they purport to be, (ii) to the extent secured, has been secured
by valid Liens which have been perfected and (iii) is a legal, valid and binding obligation of the obligor named therein, enforceable
in accordance with its terms (except as may be limited by the Bankruptcy and Equity Exceptions). The notes or other credit or
security documents with respect to each such outstanding Loan were in compliance in all material respects with all applicable
Laws at the time of origination or purchase by a Landrum Entity and are complete and correct in all material respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each outstanding Loan (including Loans held for resale to investors) was solicited and originated, and is and has been
administered and, where applicable, serviced, and the relevant Loan files are being maintained, in all material respects in accordance
with the relevant notes or other credit or security documents, Landrum&rsquo;s written underwriting standards (and, in the case
of Loans held for resale to investors, the underwriting standards, if any, of the applicable investors) and with all applicable
requirements of Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the Contracts pursuant to which any Landrum Entity has sold Loans or pools of Loans or participations in Loans
or pools of Loans (other than repurchase obligations arising in the Ordinary Course out of the transfer of Loans to secondary
market investors) contains any obligation to repurchase such Loans or interests therein solely on account of a payment default
by the obligor on any such Loan. Except as would not be material to the Landrum Entities, each Loan included in a pool of Loans
originated, securitized or, to the Knowledge of Landrum, acquired by any Landrum Entity (a &ldquo;<U>Pool</U>&rdquo;) meets all
eligibility requirements (including all applicable requirements for obtaining mortgage insurance certificates and Loan guaranty
certificates) for inclusion in such Pool. All such Pools have been finally certified or, if required, recertified in accordance
with all applicable Laws, rules and regulations, except where the time for certification or recertification has not yet expired.
No Pools have been improperly certified, and, except as would not be material to Landrum and its Subsidiaries, no Loan has been
bought out of a Pool without all required approvals of the applicable investors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) Section 4.29(e) of Landrum&rsquo;s Disclosure Memorandum sets forth a list of all Loans as of the date hereof by Landrum
to any directors, executive officers and principal shareholders (as such terms are defined in Regulation O) of any Landrum Entity,
(ii)&nbsp;there are no employee, officer, director, principal shareholder or other affiliate Loans on which the borrower is paying
a rate other than that reflected in the note or other relevant credit or security agreement or on which the borrower is paying
a rate which was not in compliance with Regulation O and (iii) all such Loans are and were originated in compliance in all material
respects with all applicable Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Landrum Entity is now nor has it ever been since July 31, 2014, subject to any material fine, suspension, settlement
or other Contract or other administrative agreement or sanction by, or any reduction in any loan purchase commitment from, any
Regulatory Authority relating to the origination, sale or servicing of mortgage or consumer Loans.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 159; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_047"></A>4.30.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Deposits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">All
of the deposits held by Landmark Bank (including the records and documentation pertaining to such deposits) have been established
and are held in compliance in all respects with (a) all applicable policies, practices and procedures of Landmark Bank and (b)
all applicable Laws, including Money Laundering Laws and anti-terrorism or embargoed persons requirements. All of the deposits
held by Landmark Bank are insured to the maximum limit set by the FDIC, and the FDIC premium and all assessments have been fully
paid, and no proceedings for the termination or revocation of such insurance are pending, or, to the Knowledge of Landrum, threatened.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_048"></A>4.31.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Allowance for Loan and Lease Losses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
allowance for loan and lease losses (&ldquo;<U>ALLL</U>&rdquo;) reflected in the Landrum Financial Statements was, as of the date
of each of the Landrum Financial Statements, in compliance with Landrum&rsquo;s existing methodology for determining the adequacy
of its ALLL and in compliance in all material respects with the standards established by the applicable Regulatory Authority,
the Financial Accounting Standards Board and GAAP, and is adequate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_049"></A>4.32.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Insurance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
Entities are insured with reputable insurers against such risks and in such amounts as the management of Landrum reasonably has
determined to be prudent and consistent with industry practice. Section&nbsp;4.32 of Landrum&rsquo;s Disclosure Memorandum contains
a true, correct and complete list and a brief description (including the name of the insurer, agent, coverage and the expiration
date) of all insurance policies in force on the date hereof with respect to the business and Assets of the Landrum Entities, correct
and complete copies of which policies have been provided to Simmons prior to the date hereof. The Landrum Entities are in material
compliance with their insurance policies and are not in Default under any of the material terms thereof. Each such policy is outstanding
and in full force and effect and, except for policies insuring against potential liabilities of officers, directors and employees
of the Landrum Entities, Landrum or Landmark Bank is the sole beneficiary of such policies. All premiums and other payments due
under any such policy have been paid, and all claims thereunder have been filed in due and timely fashion. To Landrum&rsquo;s
Knowledge, no Landrum Entity has received any written notice of cancellation or non-renewal of any such policies, nor, to Landrum&rsquo;s
Knowledge, is the termination of any such policies threatened.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_050"></A>4.33.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">OFAC; Sanctions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">None
of Landrum, any Landrum Entity or any director or officer or, to the Knowledge of Landrum, any agent, employee, affiliate or other
Person acting on behalf of any Landrum Entity (a) engaged in any services (including financial services), transfers of goods,
software, or technology, or any other business activity related to (i) Cuba, Iran, North Korea, Sudan, Syria or the Crimea region
of Ukraine claimed by Russia (&ldquo;<U>Sanctioned Countries</U>&rdquo;), (ii) the government of any Sanctioned Country, (iii)
any person, entity or organization located in, resident in, formed under the laws of, or owned or controlled by the government
of, any Sanctioned Country, or (iv) any Person made subject of any sanctions administered or enforced by the United States Government,
including, without limitation, the list of Specially Designated Nationals of the U.S. Department of the Treasury&rsquo;s Office
of Foreign Assets Control (&ldquo;<U>OFAC</U>&rdquo;), or by the United Nations Security Council, the European Union, Her Majesty&rsquo;s
Treasury, or other relevant sanctions authority (collectively, &ldquo;<U>Sanctions</U>&rdquo;), (b) engaged in any transfers of
goods, technologies or services (including financial services) that may assist the governments of Sanctioned Countries or facilitate
money laundering or other activities proscribed by United States Law, (c) is a Person currently the subject of any Sanctions or
(d) is located, organized or resident in any Sanctioned Country.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_051"></A>4.34.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Brokers and Finders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Except
for Keefe Bruyette &amp; Woods, Inc., neither Landrum nor any of its officers, directors, employees, or Affiliates has employed
any broker or finder or incurred any Liability for any financial advisory fees, investment bankers&rsquo; fees, brokerage fees,
commissions, or finders&rsquo; fees in connection with this Agreement or the transactions contemplated hereby.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 160; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_052"></A>4.35.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Transactions with Affiliates and Insiders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">There
are no Contracts, plans, arrangements or other transactions, including but not limited to any extensions of credit or purchases
or sales of assets, between any Landrum Entity, on the one hand, and (a) any officer, director or principal stockholder of any
Landrum Entity, (b) to Landrum&rsquo;s Knowledge, any (i)&nbsp;record or beneficial owner of five percent or more of the voting
securities of Landrum or (ii) Affiliate or family member of any such officer, director or record or beneficial owner, or (c) any
other Affiliate of Landrum, on the other hand, except those, in each case, of a type available to employees of Landrum generally
and, in the case of Landmark Bank, that are compliant in all respects with Regulation O and Regulation W.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;<B> </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_053"></A>4.36.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">No Investment Adviser Subsidiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
Landrum Entity provides investment management, investment advisory or sub-advisory services to any Person (including management
and advice provided to separate accounts and participation in wrap fee programs) and is required to register with the SEC as an
investment adviser under the Investment Advisers Act of 1940, as amended.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_054"></A>4.37.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">No Broker-Dealer Subsidiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
Landrum Entity is a broker-dealer required to be registered under the Exchange Act with the SEC.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_055"></A>4.38.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">No Insurance Subsidiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
Landrum Entity conducts insurance operations that require a license from any national, state or local governmental authority or
Regulatory Authority under any applicable Law.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_056"></A>ARTICLE
5</B></FONT><FONT STYLE="font-size: 10pt"><BR>
REPRESENTATIONS AND WARRANTIES OF SIMMONS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Except
as Previously Disclosed, Simmons hereby represents and warrants to Landrum as follows:</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_057"></A>5.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">The Standard.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
representation or warranty of Simmons contained in ARTICLE 5 shall be deemed untrue or incorrect, and Simmons shall not be deemed
to have breached a representation or warranty, in each case for all purposes hereunder, including the condition set forth in Section
8.3(a), as a consequence or result of the existence or absence of any fact, circumstance, change or event unless such fact, circumstance,
change or event, individually or taken together with all other facts, circumstances, changes or events inconsistent with any representation
or warranty contained in ARTICLE 5 has had or would reasonably be expected to have, either individually or in the aggregate, a
Material Adverse Effect on Simmons (it being understood that for the purpose of determining the accuracy of such representations
and warranties, other than the representation in Section 5.7, all &ldquo;Material Adverse Effect&rdquo; qualifications and other
materiality qualifications contained in such representations and warranties shall be disregarded); provided, that the foregoing
shall not apply to the representations in Sections 5.2 (first sentence only), 5.3(a), 5.3(b)(i), 5.4(b), 5.12, 5.13 and 5.14,
which shall be true and correct in all material respects, and the representations and warranties in Sections 5.4(a), 5.4(c) and
5.7, which shall be true and correct in all respects (except for inaccuracies that are de minimis in amount).</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_058"></A><B>5.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Organization, Standing, and Power.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
is a corporation duly organized, validly existing, and in good standing under the Laws of the State of Arkansas, is authorized
under the Laws of the State of Arkansas to engage in its business as currently conducted and otherwise has the corporate power
and authority to own, lease and operate all of its material Assets and to conduct its business in the manner in which its business
is now being conducted. Simmons is duly qualified or licensed to transact business as a foreign corporation in good standing in
the states of the</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"> &nbsp;</FONT></P>

<!-- Field: Page; Sequence: 161; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><FONT STYLE="font-size: 10pt">United States and foreign jurisdictions in which its ownership of Assets or conduct of business requires such
qualification or licensure, except where failure to be so qualified or licensed has not had or would not be reasonably expected
to have, either individually or in the aggregate, a Material Adverse Effect on Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_059"></A>5.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Authority; No Breach By Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Authority</U>. Simmons has the corporate power and authority necessary to execute, deliver and perform its obligations
under this Agreement and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement
and the consummation of the transactions contemplated herein, including the Merger, have been duly and validly authorized and
approved by all necessary corporate action in respect thereof on the part of Simmons. This Agreement has been duly executed and
delivered by Simmons. Assuming the due authorization, execution and delivery by Landrum, this Agreement represents a legal, valid,
and binding obligation of Simmons, enforceable against Simmons in accordance with its terms (except as may be limited by the Bankruptcy
and Equity Exceptions).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Conflicts</U>. Neither the execution and delivery of this Agreement by Simmons, nor the consummation by Simmons of
the transactions contemplated hereby, nor compliance by Simmons with any of the provisions hereof, will (i)&nbsp;conflict with
or result in a breach of any provision of Simmons&rsquo; Amended and Restated Articles of Incorporation or Bylaws, (ii)&nbsp;constitute
or result in a Default under, or require any Consent pursuant to, or result in the creation of any Lien on any Asset of any Simmons
Entity under, any Contract of any Simmons Entity, or (iii)&nbsp;subject to receipt of the Requisite Regulatory Approvals, constitute
or result in a Default under, or require any Consent pursuant to, any Law, Order or Permit applicable to any Simmons Entity or
any of their respective material Assets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Consents</U>. Other than in connection or compliance with the provisions of the Securities Laws (including the filing
and declaration of effectiveness of the Registration Statement), applicable state corporate and securities Laws, the rules of
Nasdaq, the ABCA, the GBCL, the Laws of the State of Arkansas with respect to Simmons Bank, and the Requisite Regulatory Approvals,
no notice to, filing with, or Consent of, any Regulatory Authority or any third party is necessary for the consummation by Simmons
of the Merger and the other transactions contemplated in this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_060"></A>5.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Capital Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The authorized capital stock of Simmons consists of (i)&nbsp;175,000,000 shares of Simmons Common Stock, of which 96,607,958
shares are issued and outstanding as of July 25, 2019, and (ii)&nbsp;40,040,000 shares of preferred stock, par value $0.01 per
share of Simmons, of which no shares are issued and outstanding as of July 25, 2019. As of the date of this Agreement, no more
than 2,000,000 shares of Simmons Common Stock are subject to Simmons Stock Options or other Equity Rights in respect of Simmons
Common Stock, and no more than 2,000,000 shares of Simmons Common Stock were reserved for future grants under the Simmons Stock
Plans. Upon any issuance of any shares of Simmons Common Stock in accordance with the terms of the Simmons Stock Plans, such shares
will be duly and validly issued and fully paid and nonassessable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All of the issued and outstanding shares of Simmons Capital Stock are, and all of the shares of Simmons Common Stock to
be issued in exchange for shares of Landrum Common Stock upon consummation of the Merger, when issued in accordance with the terms
of this Agreement, will be, duly and validly issued and outstanding and fully paid and nonassessable under the ABCA. None of the
shares of Simmons Common Stock to be issued in exchange for shares of Landrum Common Stock upon consummation of the Merger will
be, issued in violation of any preemptive rights of the current or past shareholders of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 162; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as set forth in Section 5.4(a), as of July 25, 2019, there are no shares of capital stock or other equity securities
of Simmons outstanding and no outstanding Equity Rights relating to the capital stock of Simmons. No Simmons Subsidiary owns any
capital stock of Landrum.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_061"></A>5.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">SEC Filings; Financial Statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Simmons has timely filed all SEC Documents required to be filed by Simmons since December 31, 2018<B> </B>(the &ldquo;<U>Simmons
SEC Reports</U>&rdquo;). The Simmons SEC Reports (i)&nbsp;at the time filed, complied in all material respects with the applicable
requirements of the Securities Laws and other applicable Laws and (ii)&nbsp;did not, at the time they were filed, furnished or
communicated (or, in the case of (A) registration statements at the effective date, (B) prospectuses at the date of the first
sale of securities and (C) proxy statements at the date of the relevant meeting) contain any untrue statement of a material fact
or omit to state a material fact required to be stated in such Simmons SEC Reports or necessary in order to make the statements
in such Simmons SEC Reports, in light of the circumstances under which they were made, not misleading, except that information
filed or furnished as of a later date (but before the date of this Agreement) shall be deemed to modify information as of an earlier
date. Except for Simmons Bank and Simmons Subsidiaries that are registered as a broker, dealer, or investment adviser,<B> </B>no
Simmons Subsidiary is required to file any SEC Documents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of the Simmons Financial Statements (including, in each case, any related notes) contained in the Simmons SEC Reports,
including any Simmons SEC Reports filed after the date of this Agreement until the Effective Time, complied as to form in all
material respects with the applicable published rules and regulations of the SEC with respect thereto, was prepared in accordance
with GAAP applied on a consistent basis throughout the periods involved (except as may be indicated in the notes to such financial
statements or, in the case of unaudited interim statements, as permitted by Form 10-Q of the SEC), and fairly presented in all
material respects the consolidated financial position of Simmons and its Subsidiaries as at the respective dates and the consolidated
results of operations, shareholders&rsquo; equity and cash flows for the periods indicated, except that the unaudited interim
financial statements were or are subject to normal and recurring year-end adjustments which were not or are not expected to be
material in amount or effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since December 31, 2017, Simmons and each of its Subsidiaries has had in place &ldquo;disclosure controls and procedures&rdquo;
(as defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Exchange Act) reasonably designed and maintained to ensure
that all information (both financial and non-financial) required to be disclosed by Simmons in&nbsp;the Simmons SEC Reports is
recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that such
information is accumulated and communicated to the chief executive officer, chief financial officer or other members of executive
management of Simmons as appropriate to allow timely decisions regarding required disclosure and to make the certifications of
the chief executive officer and chief financial officer of&nbsp;Simmons required under the Exchange Act with respect to such reports.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Simmons and its Subsidiaries have devised and maintain a system of internal accounting controls sufficient to provide reasonable
assurances regarding the reliability of financial reporting and the preparation of financial statements for external purposes
in accordance with GAAP. Simmons has disclosed, based on its most recent evaluation prior to the date of this Agreement, to Simmons&rsquo;
outside auditors and the audit committee of the board of directors of Simmons, (i) any significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange
Act) that would be reasonably likely to adversely affect Simmons&rsquo; ability to accurately record, process summarize and report
financial information and (ii) any fraud, whether or not material, that involves management or other employees who have a significant
role in Simmons&rsquo; internal control over financial reporting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 163; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since December 31, 2017, (i) neither any Simmons Entity nor, to the Knowledge of Simmons, any director, officer, employee,
auditor, accountant or representative of any Simmons Entity has received or otherwise had or obtained knowledge of any complaint,
allegation, assertion or claim, whether written or oral, regarding the accounting or auditing practices, procedures, methodologies
or methods of any Simmons Entity or their respective internal accounting controls, including any material complaint, allegation,
assertion or claim that any Simmons Entity has engaged in questionable accounting or auditing practices and (ii) no attorney representing
any Simmons Entity, whether or not employed by any Simmons Entity, has reported evidence of a material violation of Securities
Laws, breach of fiduciary duty or similar violation by Simmons or any of its officers, directors, employees or agents to the board
of directors of Simmons or any committee thereof or to any of Simmons&rsquo; directors or officers.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_062"></A>5.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Absence of Undisclosed Liabilities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
Simmons Entity has incurred any Liability, except for Liabilities (a) incurred in the Ordinary Course consistent with past practice
since December 31, 2018, (b) incurred in connection with this Agreement and the transactions contemplated hereby, or (c) that
are accrued or reserved against in the consolidated balance sheet of Simmons as of December 31, 2018, included in the Simmons
Financial Statements at and for the period ending December 31, 2018.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_063"></A>5.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Absence of Certain Changes or Events.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Since
December 31, 2018, there has not been a Material Adverse Effect on Simmons.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_064"></A>5.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Tax Matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Simmons Entities have timely filed with the appropriate Taxing authorities all material Tax Returns required to be
filed with respect to the Simmons Entities, and all Tax Returns filed by the Simmons Entities are correct and complete in all
material respects. The Simmons Entities are not the beneficiary of any extension of time within which to file any Tax Return (other
than any extensions to file Tax Returns obtained in the Ordinary Course). All material Taxes of the Simmons Entities have been
fully and timely paid when due. There are no Liens for any material amount of Taxes (other than a Lien for Taxes not yet due and
payable) on any of the Assets of the Simmons Entities. No claim has been made in writing by an authority in a jurisdiction where
any Simmons Entity does not file a Tax Return that such Simmons Entity may be subject to Taxes by such jurisdiction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the Simmons Entities has received any written notice of assessment or proposed assessment in connection with any
material amount of Taxes, and there are no threatened in writing or pending disputes, claims, audits or examinations regarding
any Taxes of any Simmons Entity. None of the Simmons Entities has waived any statute of limitations in respect of any Taxes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Simmons Entity has complied in all material respects with all applicable Laws relating to the withholding of Taxes
and the remittance thereof to appropriate authorities, including Taxes required to have been withheld and remitted in connection
with amounts paid or owing to any employee or independent contractor, and Taxes required to be withheld and remitted pursuant
to Sections 1441 and 1442 of the Internal Revenue Code or similar provisions under foreign Law.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_065"></A><B>5.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Compliance with Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
is duly registered as a bank holding company and has elected to be treated as a financial holding company under the BHC Act. Each
Simmons Entity has in effect all Permits necessary for it to own, lease or operate its material Assets and to carry on its business
as now conducted and there has occurred no Default under any such Permit. None of the Simmons Entities:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 164; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>is in Default under its Amended and Restated Articles of Incorporation or Bylaws (or other governing instruments);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>is in Default under any Laws, Orders or Permits applicable to its business or employees conducting its business; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>since December 31, 2014, has received any written notification or communication from any agency or department of federal,
state, or local government or any Regulatory Authority or the staff thereof asserting that any Simmons Entity is not in compliance
with any Laws or Orders, engaging in an unsafe or unsound activity or in troubled condition.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_066"></A>5.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Legal Proceedings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">There
is no Litigation instituted or pending, or, to the Knowledge of Simmons, threatened against any Simmons Entity, or against any
director, officer, employee or employee benefit plan of any Simmons Entity, or against any Asset, interest, or right of any of
them, nor are there any Orders outstanding against any Simmons Entity.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_067"></A>5.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Reports.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Since
December 31, 2014, each Simmons Entity has filed all material reports and statements, together with any amendments required to
be made with respect thereto, including Call Reports, that it was required to file with Regulatory Authorities (other than the
SEC). As of its respective date, each such report and document did not, in any material respect, contain any untrue statement
of a material fact or omit to state a material fact required to be stated therein, in light of the circumstances under which they
were made, or necessary to make the statements made therein not misleading.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_068"></A>5.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Statements True and Correct.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the information supplied or to be supplied by any Simmons Entity or any Affiliate thereof for inclusion (including
by incorporation by reference) in the Registration Statement to be filed by Simmons with the SEC, will, when the Registration
Statement becomes effective (or when incorporated by reference), be false or misleading with respect to any material fact, or
omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were
made, not misleading. The portions of the Registration Statement and the Proxy Statement/Prospectus relating to Simmons Entities
and other portions within the reasonable control of Simmons Entities will comply as to form in all material respects with the
requirements of the Exchange Act and the rules and regulations thereunder at the time the Registration Statement becomes effective
and at the time the Proxy Statement/Prospectus is filed with the SEC and first mailed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the information supplied or to be supplied by any Simmons Entity or any Affiliate thereof for inclusion (including
by incorporation by reference) in the Proxy Statement/Prospectus to be mailed to Landrum&rsquo;s shareholders in connection with
Landrum&rsquo;s Shareholders&rsquo; Meeting, and any other documents to be filed by any Simmons Entity or any Affiliate thereof
with the SEC or any other Regulatory Authority in connection with the transactions contemplated hereby, will, at the respective
time such documents are filed (or when incorporated by reference), and with respect to the Proxy Statement/Prospectus, when first
mailed to the shareholders of Landrum, be false or misleading with respect to any material fact, or omit to state any material
fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, or, in
the case of the Proxy Statement/Prospectus or any amendment thereof or supplement thereto, at the time of Landrum&rsquo;s Shareholders&rsquo;
Meeting, be false or misleading with respect to any material fact, or omit to state any material fact, in light of the circumstances
under which they were made, necessary to correct any statement in any earlier communication with respect to the solicitation of
any proxy for Landrum&rsquo;s Shareholders&rsquo; Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 165; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_069"></A>5.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Tax and Regulatory Matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">No
Simmons Entity or, to the Knowledge of Simmons, any Affiliate thereof has taken or agreed to take any action, and Simmons does
not have any Knowledge of any agreement, plan or other circumstance, that is reasonably likely to (a)&nbsp;prevent the Merger
from qualifying as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Internal Revenue Code, or (b)&nbsp;materially
impede or delay receipt of any of the Requisite Regulatory Approvals.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_070"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>5.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Brokers and Finders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Except
for Stephens Inc. and Mercer Capital Management, Inc., neither Simmons nor any of its officers, directors, employees, or Affiliates
has employed any broker or finder or incurred any Liability for any financial advisory fees, investment bankers&rsquo; fees, brokerage
fees, commissions, or finders&rsquo; fees in connection with this Agreement or the transactions contemplated hereby.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_071"></A>ARTICLE
6</B></FONT><FONT STYLE="font-size: 10pt"><BR>
CONDUCT OF BUSINESS PENDING CONSUMMATION</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_072"></A>6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Affirmative Covenants of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">From
the date of this Agreement until the earlier of the Effective Time or the termination of this Agreement, unless the prior written
consent of Simmons shall have been obtained, and except as otherwise expressly contemplated herein or as set forth in Section
6.1 of Landrum&rsquo;s Disclosure Memorandum, Landrum shall, and shall cause each of its Subsidiaries to, (i)&nbsp;operate its
business only in the Ordinary Course, (ii)&nbsp;use its reasonable best efforts to preserve intact its business (including its
organization, Assets, goodwill and insurance coverage), and maintain its rights, authorizations, franchises, advantageous business
relationships with customers, vendors, strategic partners, suppliers, distributors and others doing business with it, and the
services of its officers and Key Employees, and (iii) take no action that is intended to or which would reasonably be expected
to adversely affect or delay (A) the receipt of any approvals of any Regulatory Authority or third parties referenced in Section
7.4(a), (B) the consummation of the transactions contemplated by this Agreement or (C) performance of its covenants and agreements
in this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_073"></A><B>6.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Negative Covenants of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">From
the date of this Agreement until the earlier of the Effective Time or the termination of this Agreement, unless the prior written
consent of Simmons shall have been obtained, and except as otherwise expressly contemplated herein or as set forth in Section
6.2 of Landrum&rsquo;s Disclosure Memorandum, Landrum covenants and agrees that it will not do or agree or commit to do, or cause
or permit any of its Subsidiaries to do or agree or commit to do, any of the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>amend the certificate of incorporation, bylaws or other governing instruments of any Landrum Entity;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>incur, assume, guarantee, endorse or otherwise as an accommodation become responsible for any additional debt obligation
or other obligation for borrowed money (other than indebtedness of Landrum to Landmark Bank or of Landmark Bank to Landrum, or
the creation of deposit liabilities, purchases of federal funds, borrowings from any Federal Home Loan Bank, sales of certificates
of deposits, in each case incurred in the Ordinary Course);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) repurchase, redeem, or otherwise acquire or exchange (other than in accordance with the terms of this Agreement or
the applicable provisions of any Landrum Employee Benefit Plan), directly or indirectly, any shares, or any securities convertible
into or exchangeable or exercisable for any shares, of the capital stock of any Landrum Entity, or (ii) make, declare, pay or
set aside for payment any dividend or set any record date for </FONT></P>

<!-- Field: Page; Sequence: 166; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">or declare or make any other distribution in respect of Landrum&rsquo;s
capital stock or other equity interests (except (A) as may be required for the Series E Preferred Stock; (B) for regular quarterly
cash dividends by Landrum at a rate not in excess of $2.00 per share of Landrum Common Stock (and any dividends from Landmark
Bank to Landrum necessary to facilitate Landrum&rsquo;s regular quarterly cash dividends), provided that Landrum shall not make,
declare, pay or set aside for payment such dividends if, as of the date of its action, Landrum would be unable to satisfy the
conditions outlined in Section 8.2(g); and (C) for any dividends from Landmark Bank to Landrum necessary to fund, while maintaining
adequate cash reserves, Landrum&rsquo;s repayment of outstanding amounts due under the Enterprise Credit Agreement or any other
Contracts (including Loans) associated therewith);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>issue, grant, sell, pledge, dispose of, encumber, authorize or propose the issuance of, enter into any Contract to issue,
grant, sell, pledge, dispose of, encumber, or authorize or propose the issuance of, or otherwise permit to become outstanding,
any additional shares of Class A Common Stock, Class B Common Stock, or any other capital stock of any Landrum Entity, or any
stock appreciation rights, or any option, warrant, or other Equity Right;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>directly or indirectly adjust, split, combine or reclassify any capital stock or other equity interest of any Landrum Entity
or issue or authorize the issuance of any other securities in respect of or in substitution for shares of Class A Common Stock
or Class B Common Stock, or sell, transfer, lease, mortgage, permit any Lien, or otherwise dispose of, discontinue or otherwise
encumber (i)&nbsp;any shares of capital stock or other equity interests of any Landrum Entity (unless any such shares of capital
stock or other equity interest are sold or otherwise transferred to the Landrum Entities) or (ii)&nbsp;any Asset other than pursuant
to Contracts in force at the date of the Agreement or sales of investment securities in the Ordinary Course;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) purchase any securities or make any acquisition of or investment in (except in the Ordinary Course), either by purchase
of stock or other securities or equity interests, contributions to capital, Asset transfers, purchase of any Assets (including
any investments or commitments to invest in real estate or any real estate development project) or other business combination,
or by formation of any joint venture or other business organization or by contributions to capital (other than by way of foreclosures
or acquisitions of control in a fiduciary or similar capacity or in satisfaction of debts previously contracted in good faith,
in each case in the Ordinary Course), any Person other than Landmark Bank, or otherwise acquire direct or indirect control over
any Person or (ii) enter into a plan of consolidation, merger, share exchange, share acquisition, reorganization, recapitalization
or complete or partial liquidation (other than consolidations, mergers or reorganizations solely among wholly owned Landrum Subsidiaries),
or a letter of intent, memorandum of understanding or agreement in principle with respect thereto;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) grant any bonus or increase in compensation or benefits to the employees or officers of any Landrum Entity, except
as required by Law, (ii) pay any (x) severance or termination pay or (y) any bonus, in either case other than pursuant to a Landrum
Benefit Plan in effect on the date hereof and in the case of clause (x) subject to receipt of an effective release of claims from
the employee, and in the case of clause (y) to the extent required under the terms of the Landrum Benefit Plan without the exercise
of any upward discretion, (iii) enter into, amend, or increase the benefits payable under any severance, change in control, retention,
bonus guarantees, collective bargaining agreement or similar agreement or arrangement with employees or officers of any Landrum
Entity, (iv) grant any increase in fees or other increases in compensation or other benefits to directors of any Landrum Entity,
(v) waive any stock repurchase rights, or grant, accelerate, amend or change the period of exercisability of any Equity Rights
or restricted stock, or authorize cash payments in exchange for any Equity Rights,<B> </B>(vi) fund any rabbi trust or similar
arrangement, (vii) terminate the employment or services of any officer or any employee whose annual base compensation is greater
than $100,000, other than for cause, or (viii) hire any officer, employee, independent contractor or consultant (who is a natural
person) who has annual base compensation greater than $100,000;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 167; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>enter into, amend or renew any employment Contract between any Landrum Entity and any Person (unless such amendment is
required by Law) that the Landrum Entity does not have the unconditional right to terminate without Liability (other than Liability
for services already rendered), at any time on or after the Effective Time;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except as required by Law or, with respect to a Landrum Benefit Plan that is intended to be tax-qualified in the opinion
of counsel is necessary or advisable to maintain the tax qualified status, (i)&nbsp;adopt or establish any plan, policy, program
or arrangement that would be considered a Landrum Benefit Plan if such plan, policy, program or arrangement were in effect as
of the date of this Agreement, or amend in any material respect any existing Landrum Benefit Plan, terminate or withdraw from,
or amend, any Landrum Benefit Plan, (ii) make any distributions from such Employee Benefit Plans, except as required by the terms
of such plans, or (iii) fund or in any other way secure the payment of compensation or benefits under any Landrum Benefit Plan;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make any change in any accounting principles, practices or methods or systems of internal accounting controls, except as
may be required to conform to changes in regulatory accounting requirements or GAAP;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>commence any Litigation other than in the Ordinary Course, or settle, waive or release or agree or consent to the issuance
of any Order in connection with any Litigation (i) involving any Liability of any Landrum Entity for money damages in excess of
$50,000 or that would impose any restriction on the operations, business or Assets of any Landrum Entity or the Surviving Corporation
or (ii) arising out of or relating to the transactions contemplated hereby;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) enter into, renew, extend, modify, amend or terminate any (A) Contract (1) with a term longer than one year or (2)
that calls for aggregate payments of $50,000 or more, (B) Landrum Contract, (C) Contract referenced in Section 4.34 (or any other
Contract with any broker or finder in connection with the Merger or any other transaction contemplated by this Agreement), or
(D) Contract, plan, arrangement or other transaction of the type described in Section 4.35 (other than, in the case of sub-clauses
(A) and (B), Contracts that can be terminated on less than 30 days&rsquo; notice with no prepayment penalty, Liability or other
obligation), (ii) make any material amendment or modification to any Contract described in clause (i), or (iii) waive, release,
compromise or assign any material rights or claims under any Contract described in clause (i);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) enter into any new line of business or change in any material respect its lending, investment, risk and asset-liability
management, interest rate, fee pricing or other material banking or operating policies (including any change in the maximum ratio
or similar limits as a percentage of its capital exposure applicable with respect to its loan portfolio or any segment thereof),
(ii) change its policies and practices with respect to underwriting, pricing, originating, acquiring, selling, servicing or buying
or selling rights to service Loans except as required by Law or by rules or policies imposed by a Regulatory Authority or (iii)
change or remove any systems of internal accounting controls or disclosure controls;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make, or commit to make, any capital expenditures in excess of $50,000 individually or $100,000 in the aggregate;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except as required by Law or applicable Regulatory Authorities, make any material changes in its policies and practices
with respect to (i) its hedging practices and policies or (ii) insurance policies including materially reduce the amount of insurance
coverage currently in place or fail to renew or replace any existing insurance policies;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>cancel, compromise, waive, or release any material indebtedness owed to any Person or any rights or claims held by any
Person, except for (i) sales of Loans and sales of investment securities, in each case in the Ordinary Course or (ii) as expressly
required by the terms of any Contracts in force at the date of the Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 168; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>permit the commencement of any construction of new structures or facilities upon, or purchase or lease any real property
in respect of any branch or other facility, or make any application to open, relocate or close any branch or other facility;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>materially change or restructure its investment securities portfolios, its investment securities practices or policies,
or change its policies with respect to the classification or reporting of such portfolios, or invest in any mortgage-backed or
mortgage related securities which would be considered &ldquo;high-risk&rdquo; securities under applicable regulatory pronouncements
or change its interest rate exposure through purchases, sales or otherwise, or the manner in which its investment securities portfolios
are classified or reported;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>alter materially its interest rate or fee pricing policies with respect to depository accounts of any Landrum Subsidiaries
or waive any material fees with respect thereto;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(t)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make, change or revoke any material Tax election, change any material method of Tax accounting, adopt or change any taxable
year or period, file any amended material Tax Return, stop maintaining Withholding Certificates in respect of any person required
to be maintained under the Internal Revenue Code or the Treasury Regulations, agree to an extension or waiver of any statute of
limitations with respect to the assessment or determination of Taxes, settle or compromise any material Tax liability of any Landrum
Entity, enter into any closing agreement with respect to any material Tax or surrender any right to claim a material Tax refund;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(u)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>take any action, or knowingly fail to take any action, which action or failure to act prevents or impedes, or could reasonably
be expected to prevent or impede, the Merger from qualifying as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a)
of the Internal Revenue Code;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>enter into any securitizations of any Loans or create any special purpose funding or variable interest entity other than
on behalf of clients;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(w)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>foreclose upon or take a deed or title to any commercial real estate (excluding real estate used solely for agricultural
production) without first conducting a Phase I environmental assessment (except where such an assessment has been conducted in
the preceding 12 months) of the property or foreclose upon any commercial real estate if such environmental assessment indicates
the presence of Hazardous Material;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make or acquire any Loan or issue a commitment (including a letter of credit) or renew or extend an existing commitment
for any Loan, or amend or modify in any material respect any Loan (including in any manner that would result in any additional
extension of credit, principal forgiveness, or effect any uncompensated release of collateral, <I>i.e.</I>, at a value below the
fair market value thereof as determined by Landmark Bank), except for (i) Loans or commitments for Loans with a principal balance
less than $5,000,000 in full compliance with Landmark Bank&rsquo;s underwriting policy and related Loan policies in effect as
of the date of this Agreement without utilization of any of the exceptions provided in such underwriting policy and related loan
policies, and (ii) Loans or commitments for Loans, renewals, amendments, or modifications of any existing Loan with a principal
balance equal to or less than $2,500,000 in full compliance with Landmark Bank&rsquo;s underwriting policy and related Loan policies
in effect as of the date of this Agreement, including pursuant to an exception to such underwriting policy and related Loan policies
that is reasonable in light of the underwriting of the borrower for such Loan or commitment;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(y)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>other than in the Ordinary Course, repurchase, or provide indemnification relating to, Loans in the aggregate in excess
of $250,000;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(z)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>take any action that could reasonably be expected to impede or materially delay consummation of the transactions contemplated
by this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(aa)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>notwithstanding any other provision hereof, take any action that is reasonably likely to result in any of the conditions
set forth in ARTICLE 8 not being satisfied, or materially impair its ability to perform its </FONT></P>

<!-- Field: Page; Sequence: 169; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">obligations under this Agreement or
to consummate the transactions contemplated hereby, except as required by applicable Law; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(bb)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>agree to take, make any commitment to take, or adopt any resolutions of Landrum&rsquo;s board of directors in support of,
any of the actions prohibited by this Section 6.2.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_074"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>6.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Covenants of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">From
the date of this Agreement until the earlier of the Effective Time or the termination of this Agreement, unless the prior written
consent of Landrum shall have been obtained, which consent shall not be unreasonably withheld, delayed, or conditioned, and except
as otherwise expressly contemplated herein or as set forth in Section 6.3 of Simmons&rsquo; Disclosure Memorandum, Simmons covenants
and agrees that it shall not do or agree or commit to do, or permit any of its Subsidiaries to do or agree or commit to do, any
of the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>amend the articles of incorporation, bylaws or other governing instruments of Simmons or any Significant Subsidiaries (as
defined in Regulation S-X promulgated by the SEC) in a manner that would adversely affect Landrum or the holders of Landrum Common
Stock adversely relative to other holders of Simmons Common Stock;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>take any action, or knowingly fail to take any action, which action or failure to act prevents or impedes, or could reasonably
be expected to prevent or impede, the Merger from qualifying as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a)
of the Internal Revenue Code;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>take any action that could reasonably be expected to impede or materially delay consummation of the transactions contemplated
by this Agreement (including the acquisition by Simmons of an entity that has total consolidated assets of at least $13 billion,
or the merger of Simmons with another entity in which Simmons is not the surviving entity; provided, however, that such actions
shall be permitted if the board of directors of Simmons determines, after consultation with its outside legal counsel, that the
actions are not reasonably expected to impede or materially delay consummation of the transactions contemplated by this Agreement);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>notwithstanding any other provision hereof, take any action that is reasonably likely to result in any of the conditions
set forth in ARTICLE 8 not being satisfied, or materially impair its ability to perform its obligations under this Agreement or
to consummate the transactions contemplated hereby, except as required by applicable Law; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>agree to take, make any commitment to take, or adopt any resolutions of Simmons&rsquo; board of directors in support of,
any of the actions prohibited by this Section 6.3.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_075"></A>6.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Reports.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Each
Party and its Subsidiaries shall file all reports, including Call Reports, required to be filed by it with Regulatory Authorities
between the date of this Agreement and the Effective Time and shall deliver to the other Party copies of all such reports promptly
after the same are filed. If financial statements are contained in any such reports filed with the SEC and with respect to the
financial statements in the Call Reports, such financial statements will fairly present the consolidated financial position of
the entity filing such statements as of the dates indicated and the consolidated results of operations, changes in shareholders&rsquo;
equity, and cash flows for the periods then ended in accordance with GAAP (subject in the case of interim financial statements
to normal recurring year-end adjustments that are not material) or applicable regulatory accounting principles (with respect to
the financial statements contained in the Call Reports) consistently applied, except as may be otherwise indicated in the notes
thereto and except for the omission of footnotes. Notwithstanding the above, neither Party shall be obligated to disclose to the
other Party any reports to the extent such reports contain confidential supervisory information or other information the disclosure
of which would be prohibited by applicable Law.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 170; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_076"></A>ARTICLE
7</B></FONT><FONT STYLE="font-size: 10pt"><BR>
ADDITIONAL AGREEMENTS</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_077"></A>7.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Registration Statement; Proxy Statement/Prospectus; Shareholder Approvals.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Simmons and Landrum shall promptly prepare and file with the SEC, a proxy statement/prospectus in definitive form (including
any amendments thereto, the &ldquo;<U>Proxy Statement/Prospectus</U>&rdquo;) and Simmons shall prepare and file with the SEC the
Registration Statement (including the Proxy Statement/Prospectus constituting a part thereof and all related documents) as promptly
as reasonably practicable after the date of this Agreement, subject to full cooperation of both Parties and their respective advisors
and accountants. Simmons and Landrum agree to cooperate, and to cause their respective Subsidiaries to cooperate, with the other
Party and its counsel and its accountants in the preparation of the Registration Statement and the Proxy Statement/Prospectus.
Each of Simmons and Landrum agrees to use its reasonable best efforts to cause the Registration Statement to be declared effective
under the Securities Act as promptly as reasonably practicable after filing thereof, and Landrum shall thereafter mail or deliver
the Proxy Statement/Prospectus to its shareholders promptly following the date of effectiveness of the Registration Statement.
Simmons also agrees to use its reasonable best efforts to obtain all necessary state securities law or &ldquo;Blue Sky&rdquo;
permits and approvals required to carry out the transactions contemplated by this Agreement, and Landrum shall furnish all information
concerning Landrum and the holders of Landrum Common Stock as may be reasonably requested in connection with any such action.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum shall duly call, give notice of, establish a record date for, convene and hold a shareholders&rsquo; meeting (&ldquo;<U>Landrum&rsquo;s
Shareholders&rsquo; Meeting</U>&rdquo;), to be held as promptly as reasonably practicable after the Registration Statement is
declared effective by the SEC, for the purpose of obtaining the Landrum Shareholder Approval and, if so desired and mutually agreed,
such other related matters as it deems appropriate. Landrum agrees that its obligations pursuant to this Section 7.1(b) shall
not be affected by the commencement, proposal, disclosure or communication to Landrum of any Acquisition Proposal. Landrum shall
(i) through its board of directors recommend to its shareholders the approval of this Agreement and the transactions contemplated
hereby (the &ldquo;<U>Landrum Recommendation</U>&rdquo;), (ii) include such Landrum Recommendation in the Proxy Statement/Prospectus
and (iii) use its reasonable best efforts to obtain the Landrum Shareholder Approval. Neither the board of directors of Landrum
nor any committee thereof shall (A) withhold, withdraw, qualify or modify in a manner adverse to Simmons, the Landrum Recommendation,
(B) fail to make the Landrum Recommendation or otherwise submit this Agreement to Landrum&rsquo;s shareholders without such recommendation,
(C) adopt, approve, agree to, accept, recommend or endorse an Acquisition Proposal, (D) fail to publicly and without qualification
(1) recommend against any Acquisition Proposal or (2) reaffirm the Landrum Recommendation within ten Business Days (or such fewer
number of days as remains prior to Landrum&rsquo;s Shareholders&rsquo; Meeting) after an Acquisition Proposal is made public or
any request by Simmons to do so, (E) take any action, or make any public statement, filing or release inconsistent with the Landrum
Recommendation, or (F) publicly propose to do any of the foregoing (any of the foregoing being a &ldquo;<U>Change in the Landrum
Recommendation</U>&rdquo;). If requested by Simmons, Landrum shall retain a proxy solicitor reasonably acceptable to, and on terms
reasonably acceptable to, Simmons in connection with obtaining the Landrum Shareholder Approval.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum shall adjourn or postpone Landrum&rsquo;s Shareholders&rsquo; Meeting, if, as of the time for which such meeting
is originally scheduled there are insufficient shares of Class A Common Stock represented (either in person or by proxy) to constitute
a quorum necessary to conduct the business of such meeting. Landrum shall also adjourn or postpone Landrum&rsquo;s Shareholders&rsquo;
Meeting, if on the date of Landrum&rsquo;s Shareholders&rsquo; Meeting Landrum has not recorded proxies representing a sufficient
number of shares necessary to obtain the Landrum Shareholder Approval. Notwithstanding anything to the contrary herein, Landrum&rsquo;s
Shareholders&rsquo; Meeting shall be convened and this Agreement shall be submitted to the shareholders of Landrum at Landrum&rsquo;s
Shareholders&rsquo; Meeting, for the purpose of voting on the approval of this Agreement and the other matters contemplated hereby,
and nothing contained herein shall be deemed to relieve Landrum of such obligation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 171; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum shall deliver to Simmons the ESOP Fairness Opinion, dated on or about the date hereof, prior to the vote of the
ESOP. Landrum shall cause the ESOP Trustees to conduct a vote of the Landrum Common Stock held in the ESOP in accordance with
the requirements of Section 409(e) of the Internal Revenue Code and all other applicable laws, the terms of the ESOP and their
ERISA fiduciary duties.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_078"></A>7.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Acquisition Proposals.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Landrum Entity shall, and it shall cause its respective Representatives not to, directly or indirectly, (i) solicit,
initiate, encourage (including by providing information or assistance), facilitate or induce any Acquisition Proposal, (ii) engage
or participate in any discussions or negotiations regarding, or furnish or cause to be furnished to any Person any information
or data in connection with, or take any other action to facilitate any inquiries or the making of any offer or proposal that constitutes,
or may reasonably be expected to lead to, an Acquisition Proposal, (iii) adopt, approve, agree to, accept, endorse or recommend
any Acquisition Proposal, or (iv) approve, agree to, accept, endorse or recommend, or propose to approve, agree to, accept, endorse
or recommend any Acquisition Agreement contemplating or otherwise relating to any Acquisition Transaction. Without limiting the
foregoing, it is agreed that any violation of the restrictions set forth in this Section 7.2 by any Subsidiary or Representative
of Landrum shall constitute a breach of this Section 7.2 by Landrum. In addition to the foregoing, Landrum shall not submit to
the vote of its shareholders any Acquisition Proposal other than the Merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Landrum Entity shall, and shall cause their respective Representatives to, (i) immediately cease and cause to be terminated
all existing activities, discussions, conversations, negotiations and other communications with any Person conducted heretofore
with respect to any offer or proposal that constitutes, or may reasonably be expect to lead to, an Acquisition Proposal, (ii)
request the prompt return or destruction of all confidential information previously furnished to any Person (other than the Simmons
Entities and their Representatives) that has made or indicated an intention to make an Acquisition Proposal, (iii) not waive any
or amend any &ldquo;standstill&rdquo; provision or provisions of similar effect to which it is a beneficiary and shall strictly
enforce any such provisions and (iv) enforce any existing confidentiality agreements to which it is a party.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> If any Landrum Entity or their respective Representatives receives an Acquisition Proposal or any request for nonpublic
information or any inquiry that could reasonably be expected to lead to any Acquisition Proposal, Landrum shall as promptly as
practicable (but in no event more than 24 hours) notify Simmons in writing of the receipt of such Acquisition Proposal, request
or inquiry and the terms and conditions of such Acquisition Proposal, request or inquiry (including, in each case, the identity
of the Person making any such Acquisition Proposal, request or inquiry), and Landrum shall as promptly as practicable (but in
no event more than 24 hours) provide to Simmons (i) a copy of such Acquisition Proposal, request or inquiry, if in writing, or
(ii) a written summary of the material terms of such Acquisition Proposal, request or inquiry, if oral. Landrum shall provide
Simmons as promptly as practicable (but in no event more than 24 hours) with notice setting forth all such information as is necessary
to keep Simmons informed on a current basis of all developments, discussions, negotiations and communications regarding (including
amendments or proposed amendments to) such Acquisition Proposal, request or inquiry. If Landrum determines (after consultation
with outside legal counsel) that any term or condition of an Acquisition Proposal is unclear, Landrum may request (but only through
written communication) clarification regarding such term or condition; provided, however, that copies of all such communications
and responses thereto shall be provided to Simmons as promptly as practicable (but in no event more than 24 hours).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything herein to the contrary (including, for the avoidance of doubt, the other provisions of this Section
7.2), at any time prior to Landrum&rsquo;s Shareholders&rsquo; Meeting, the board of directors of Landrum may submit this Agreement
to Landrum&rsquo;s shareholders without recommendation (although the resolution approving this Agreement as of the date hereof
may not be rescinded or amended) if (i) Landrum has received a Superior Proposal (after giving effect to the terms of any revised
offer by Simmons pursuant to this Section 7.2(d)), and (ii) the board of directors of Landrum has determined in good faith, after
consultation with its outside legal counsel, that it would be a violation of the directors&rsquo; fiduciary duties under applicable
Law to </FONT></P>

<!-- Field: Page; Sequence: 172; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">make or continue to make the Landrum Recommendation in which event, the board of directors of Landrum may communicate the
basis for its lack of Landrum Recommendation; provided, that the board of directors of Landrum may not take the actions set forth
in this Section 7.2(d) unless:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum has complied in all material respects with this Section 7.2;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum has provided Simmons at least five Business Days prior written notice of its intention to take such action and
a reasonable description of the events or circumstances giving rise to its determination to take such action (including all necessary
information under Section 7.2(c));</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>during such five Business Day period, Landrum has and has caused its financial advisors and outside legal counsel to, consider
and negotiate with Simmons in good faith (to the extent Simmons desires to so negotiate) regarding any proposals, adjustments
or modifications to the terms and conditions of this Agreement proposed by Simmons; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the board of directors of Landrum has determined in good faith, after consultation with its outside legal counsel and considering
the results of such negotiations and giving effect to any proposals, amendments or modifications proposed to by Simmons, if any,
that such Superior Proposal remains a Superior Proposal and that it would nevertheless be a violation of the director&rsquo;s
fiduciary duties under applicable Law to make or continue to make the Landrum Recommendation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">Any material
amendment to any Acquisition Proposal, will be deemed to be a new Acquisition Proposal for purposes of this Section 7.2(d) and
will require a new determination and notice period as referred to in this Section 7.2(d). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing contained in this Agreement shall prevent Landrum or its board of directors from complying with applicable provisions
of the Exchange Act, including the SEC&rsquo;s Regulation 14E thereunder, with respect to an Acquisition Proposal or from making
any disclosure to the shareholders of Landrum if the board of directors of Landrum (after consultation with outside legal counsel)
concludes that its failure to do so would be a violation of the directors&rsquo; fiduciary duties under applicable Law; provided
that any actions taken to comply with such rules will in no way eliminate or modify the effect that any such action would otherwise
have under this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_079"></A>7.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Exchange Listing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
shall use its reasonable best efforts to list, prior to the Effective Time, on Nasdaq, subject to official notice of issuance,
the shares of Simmons Common Stock to be issued to the holders of Landrum Common Stock pursuant to this Agreement, and Simmons
shall give all notices and make all filings with Nasdaq required in connection with the transactions contemplated herein.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_080"></A>7.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Consents of Regulatory Authorities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Simmons and&nbsp;Landrum and their respective Subsidiaries shall cooperate with each other and use their respective reasonable
best efforts to prepare all documentation, to effect all applications, notices, petitions and filings and to obtain all Permits
and Consents of all third parties and Regulatory Authorities which are necessary or advisable to consummate the transactions contemplated
by this Agreement (including the Merger), and to comply with the terms and conditions of all such Permits and Consents. Each of
Landrum and Simmons shall use its respective reasonable best efforts to resolve objections, if any, which may be asserted with
respect to this Agreement or the transactions contemplated hereby by any Regulatory Authority or under any applicable Law or Order;
provided, that in no event shall any Simmons Entities be required, and the Landrum Entities shall not be permitted (without Simmons&rsquo;
prior written consent in its sole discretion) to take any action, or to commit to take any action, or to accept any restriction
or condition, involving the Landrum Entities or the Simmons Entities, which is materially burdensome on Simmons&rsquo; business
or on the business of Landrum or Landmark</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 173; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><FONT STYLE="font-size: 10pt">Bank, in each case following the Closing or which would likely reduce the economic benefits
of the transactions contemplated by this Agreement to Simmons to such a degree that Simmons would not have entered into this Agreement
had such condition or restriction been known to it at the date hereof (any such condition or restriction, a &ldquo;<U>Burdensome
Condition</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each&nbsp;of Simmons and Landrum&nbsp;shall have the right to review in advance, and to the extent practicable each will
consult with the other, in each case subject to applicable Laws relating to the exchange of information, with respect to, all
material written information submitted to any third party or Regulatory Authority in connection with the transactions contemplated
by this Agreement, provided, that Landrum shall not have the right to review portions of material filed by Simmons with a Regulatory
Authority that contain competitively sensitive business or other proprietary information or confidential supervisory information
filed under a claim of confidentiality. In exercising the foregoing rights, each of the&nbsp;Parties agrees to act reasonably
and as promptly as practicable. Each&nbsp;Party agrees that it will consult with the other Party with respect to the obtaining
of all Permits and Consents of third parties and Regulatory Authorities necessary or advisable to consummate the transactions
contemplated by this Agreement and each Party will keep the other&nbsp;Party apprised of the status of material matters relating
to completion of the transactions contemplated hereby, including advising the other&nbsp;Party upon receiving any communication
from a&nbsp;Regulatory Authority the Consent of which is required for the consummation of the Merger and the other transactions
contemplated by this Agreement that causes such Party to believe that there is a reasonable likelihood that any Requisite Regulatory
Approval will not be obtained or that the receipt of such Requisite Regulatory Approval may be materially delayed. Each Party
shall consult with the other in advance of any meeting or conference with any Regulatory Authority in connection with the transactions
contemplated by this Agreement and, to the extent permitted by such Regulatory Authority, give the other Party and/or its counsel
the opportunity to attend and participate in such meetings and conferences.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Party agrees, upon request, subject to applicable Laws, to promptly furnish the other Party with all information concerning
itself, its Subsidiaries, directors, officers and shareholders and such other matters as may be reasonably necessary or advisable
in connection with the Registration Statement, Proxy Statement/Prospectus or any other statement, filing, notice or application
made by or on behalf of Simmons, Landrum or any of their respective Subsidiaries to any third party and/or Regulatory Authority
in connection with the Merger and the other transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_081"></A>7.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Investigation and Confidentiality.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum shall promptly notify Simmons of any material change in the normal course of its business or in the operation of
its properties and, to the extent permitted by applicable Law, of any material governmental complaints, investigations or hearings
(or communications indicating that the same may be contemplated), or the institution or the threat of a material claim, action,
suit, proceeding or investigation involving Landrum or Landmark Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum shall promptly advise Simmons of any fact, change, event, effect, condition, occurrence, development or circumstance
known to Landrum (i) that has had or would reasonably be expected to have, either individually or in the aggregate, a Material
Adverse Effect on Landrum or (ii) which Landrum believes would or would be reasonably likely to cause or constitute a material
breach of any of its representations, warranties, covenants or agreements contained herein or that reasonably could be expected
to give rise, individually or in the aggregate, to the failure of a condition in ARTICLE 8; provided, that any failure to give
notice in accordance with the foregoing with respect to any breach shall not be deemed to constitute a violation of this Section
7.5(b) or the failure of any condition set forth in Section 8.2 to be satisfied, or otherwise constitute a breach of this Agreement
by the Party failing to give such notice, in each case unless the underlying breach would independently result in a failure of
the conditions set forth in Section 8.2 to be satisfied; and provided, further, that the delivery of any notice pursuant to this
Section 7.5(b) shall not cure any breach of, or noncompliance with, any other provision of this Agreement or limit the remedies
available to Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 174; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to the Effective Time, Landrum shall permit the Representatives of Simmons to make or cause to be made such investigation
of the business, Assets, information technology systems, Contracts, Books and Records, and personnel and such other information
of it and its Subsidiaries and of their respective financial and legal conditions as Simmons reasonably requests and furnish to
Simmons promptly all other information concerning its business, Assets, information technology systems, Contracts, Books and Records,
and personnel and such other information as Simmons may reasonably request, provided that such investigation or requests shall
not interfere unnecessarily with normal operations. No investigation by Simmons shall affect or be deemed to modify or waive the
representations, warranties, covenants and agreements of Landrum in this Agreement, or the conditions of such Party&rsquo;s obligation
to consummate the transactions contemplated by this Agreement. Neither Simmons nor Landrum nor any of their respective Subsidiaries
shall be required to provide access to or to disclose information where such access or disclosure would violate or prejudice the
rights of Simmons&rsquo; or Landrum&rsquo;s, as the case may be, customers, jeopardize the attorney-client privilege of the institution
in possession or control of such information (after giving due consideration to the existence of any common interest, joint defense
or similar agreement between the Parties) or contravene any Law, fiduciary duty or binding Contract entered into prior to the
date of this Agreement. The Parties will make appropriate substitute disclosure arrangements under circumstances in which the
restrictions of the preceding sentence apply.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Party shall, and shall cause its Subsidiaries and Representatives to, hold any information obtained in connection
with this Agreement and in pursuit of the transactions contemplated hereby in accordance with the terms of the confidentiality
agreement, dated March 22, 2019, between Simmons and Landrum (the &ldquo;<U>Confidentiality Agreement</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>From the date of this Agreement until the earlier of the Effective Time or the termination of this Agreement, Landrum shall,
and shall cause Landmark Bank also to, provide Simmons with at least five Business Days&rsquo; prior notice of any meeting of
the board of directors of Landrum or Landmark Bank, as well as the boards&rsquo; respective committees, and permit up to two representatives
of Simmons to attend such meetings; provided, that representatives of Simmons shall not be permitted to attend portions of any
such meetings (i) that relate to Acquisition Proposals, (ii) that relate to the relationship of Landrum and Simmons under this
Agreement, (iii) to the extent such attendance would be prohibited by Law or (iv) whenever Landrum, on the advice of counsel,
determines that the attendance of Simmons representatives would negatively impact Landrum&rsquo;s attorney-client privilege or
its or its board&rsquo;s fiduciary obligations.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_082"></A>7.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Press Releases.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
and Simmons agree that no press release or other public disclosure or communication (including communications to employees, agents
and contractors) related to this Agreement or the transactions contemplated hereby shall be issued by either Party (or its Affiliates)
without the prior written consent of the other Party (which consent shall not be unreasonably withheld, delayed or conditioned);
provided, that nothing in this Section 7.6 shall be deemed to prohibit any Party from making any press release or other public
disclosure required by Law or the rules or regulations of any United States or non-United States securities exchange, in which
case the Party required to make the release or disclosure shall use its reasonable best efforts to allow the other Party reasonable
time to comment on such release or disclosure in advance of the issuance thereof. The Parties have agreed upon the form of a joint
press release announcing the execution of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_083"></A>7.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Tax Treatment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of the Parties intends, and undertakes and agrees to use its reasonable best efforts to cause, the Merger, and to
take no action which would cause the Merger not, to qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a)
of the Internal Revenue Code, and none of the Parties shall take any action that would cause the Merger to not so qualify. The
Parties shall cooperate and use their reasonable best efforts in order to obtain the Tax Opinion. The Parties adopt this Agreement
as a &ldquo;plan of reorganization&rdquo; within the meaning of Treasury Regulations Section 1.368-2(g).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 175; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of the Parties shall use its respective reasonable best efforts to cause their appropriate officers to execute and
deliver to Covington &amp; Burling LLP, certificates containing appropriate representations and covenants, reasonably satisfactory
in form and substance to Covington &amp; Burling LLP, at such time or times as may be reasonably requested by such counsel, including
as of the effective date of the Proxy Statement/Prospectus and the Closing Date, in connection with such counsel&rsquo;s deliveries
of opinions with respect to the Tax treatment of the Merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unless otherwise required pursuant to a &ldquo;determination&rdquo; within the meaning of Section 1313(a) of the Internal
Revenue Code, each of Simmons and Landrum shall report the Merger as a &ldquo;reorganization&rdquo; within the meaning of Section
368(a) of the Internal Revenue Code and shall not take any inconsistent position therewith in any Tax Return.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_084"></A>7.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Employee Benefits and Contracts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Following the Effective Time, except as contemplated by this Agreement, Simmons shall provide generally to officers and
employees (as a group) who are actively employed by a Landrum Entity on the Closing Date (&ldquo;<U>Covered Employees</U>&rdquo;)
while employed by Simmons following the Closing Date employee benefits under Employee Benefit Plans offered to similarly situated
employees of Simmons, including severance benefits in accordance with the applicable severance policy of Simmons (other than to
any Covered Employee who is party to individual agreements or letters that entitle such person to different severance or termination
benefits); provided, that in no event shall any Covered Employee be eligible to participate in any closed or frozen plan of any
Simmons Entity. Until such time as Simmons shall cause the Covered Employees to participate in the applicable Employee Benefit
Plans of Simmons, the continued participation of the Covered Employees in the Landrum Benefit Plans shall be deemed to satisfy
the foregoing provisions of this clause (it being understood that participation in Simmons&rsquo; Employee Benefit Plans may commence
at different times with respect to each of Simmons&rsquo; Employee Benefit Plans). Notwithstanding the foregoing, as soon as administratively
practicable following the Closing Date, but no later than 180 days after the Closing Date, Simmons shall have in effect a defined
contribution plan that is qualified under Section 401(a) of the Internal Revenue Code and that includes a qualified cash or deferred
arrangement within the meaning of Section 401(k) of the Internal Revenue Code in which Covered Employees who meet the eligibility
criteria thereof shall immediately be eligible to participate. For purposes of determining eligibility to participate and vesting
under Simmons&rsquo; Employee Benefit Plans, and for purposes of determining a Covered Employee&rsquo;s entitlement to paid time
off under Simmons&rsquo; paid time off program, the service of the Covered Employees with a Landrum Entity prior to the Effective
Time shall be treated as service with a Simmons Entity participating in such employee benefit plans, to the same extent that such
service was recognized by the Landrum Entities for purposes of a similar benefit plan; provided, that such recognition of service
shall not (i) operate to duplicate any benefits of a Covered Employee with respect to the same period of service or (ii)&nbsp;apply
for purposes of any plan, program or arrangement (x) under which similarly-situated employees of Simmons Entities do not receive
credit for prior service, (y) that is grandfathered or frozen, either with respect to level of benefits or participation, or (z)
for purposes of retiree medical benefits or level of benefits under a defined benefit pension plan. In addition to the foregoing,
(i) each Landrum employee shall receive credit under any applicable Simmons medical plans for any deductible and out-of-pocket
expenses incurred under any Landrum medical plans if terminated prior to the end of a plan year and (ii) each Landrum employee
will receive credit for any amounts remaining in spending accounts for which they may submit claims until the time provided in
the plans, to the extent permitted under applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If requested by Simmons in writing delivered to Landrum prior to the Closing Date, the Landrum Entities shall take all
necessary action (including without limitation the adoption of resolutions and plan amendments and the delivery of any required
notices) to terminate, effective as of no later than the day before the Closing Date, any Landrum Benefit Plan that is intended
to constitute a tax-qualified defined contribution plan under Internal Revenue Code Section 401(a) (a &ldquo;<U>401(a) Plan</U>&rdquo;).
Landrum shall provide Simmons with a copy of the resolutions, plan amendments, notices and other documents prepared to effectuate
the termination of </FONT></P>

<!-- Field: Page; Sequence: 176; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">the 401(a) Plans in advance and give Simmons a reasonable opportunity to comment on such documents (which comments
shall be considered in good faith), and prior to the Closing Date, Landrum shall provide Simmons with the final documentation
evidencing that the 401(a) Plans have been terminated. For the avoidance of doubt, this includes the CBP.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Upon request by Simmons in writing prior to the Closing Date, the Landrum Entities shall cooperate in good faith with Simmons
prior to the Closing Date to amend, freeze, terminate or modify any other Landrum Benefit Plan to the extent and in the manner
determined by Simmons effective upon the Closing Date (or at such different time mutually agreed to by the Parties) and consistent
with applicable Law. Landrum shall provide Simmons with a copy of the resolutions, plan amendments, notices and other documents
prepared to effectuate the actions contemplated by this Section 7.8(c), as applicable, and give Simmons a reasonable opportunity
to comment on such documents (which comments shall be considered in good faith), and prior to the Closing Date, Landrum shall
provide Simmons with the final documentation evidencing that the actions contemplated herein have been effectuated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The provisions of this Section 7.8 are solely for the benefit of the Parties, and no Covered Employee, current or former
employee or any other individual associated therewith shall be regarded for any purpose as a third-party beneficiary of this Agreement.
In no event shall the terms of this Agreement: (i) establish, amend, or modify any Landrum Benefit Plan or any &ldquo;employee
benefit plan&rdquo; as defined in Section 3(3) of ERISA, or any other benefit plan, program, agreement or arrangement maintained
or sponsored by Simmons, Landrum or any of their respective Affiliates; (ii) alter or limit the ability of Simmons or any Simmons
Subsidiaries (including, after the Closing Date, the Landrum Entities) to amend, modify or terminate any Landrum Benefit Plan,
employment agreement or any other benefit or employment plan, program, agreement or arrangement after the Closing Date; or (iii)
confer upon any current or former employee, officer, director or consultant, any right to employment or continued employment or
continued service with Simmons or any Simmons Subsidiaries (including, following the Closing Date, the Landrum Entities), or constitute
or create an employment agreement with any employee, or interfere with or restrict in any way the rights of the Surviving Corporation,
Landrum, Simmons or any Subsidiary or Affiliate thereof to discharge or terminate the services of any employee, officer, director
or consultant of Landrum or any of its Subsidiaries or affiliates at any time for any reason whatsoever, with or without cause.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_085"></A>7.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Indemnification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For a period of six years after the Effective Time, the Surviving Corporation shall indemnify, defend and hold harmless
the present and former directors or officers of the Landrum Entities (each, an &ldquo;<U>Indemnified Party</U>&rdquo;) against
all Liabilities arising out of actions or omissions arising out of the Indemnified Party&rsquo;s service or services as directors
or officers of Landrum or, at Landrum&rsquo;s request, of another corporation, partnership, joint venture, trust or other enterprise
occurring at or prior to the Effective Time (including the transactions contemplated by this Agreement) (each, a &ldquo;<U>Claim</U>&rdquo;)
to the fullest extent permitted under Landrum&rsquo;s certificate of incorporation and bylaws as in effect on the date hereof
(subject to applicable Law), including provisions relating to advances of expenses incurred in the defense of any Litigation;
provided, that in the case of advancement of expenses, any Indemnified Party to whom expenses are advanced provides a written
undertaking to repay such advances if it is ultimately determined that such Indemnified Party is not entitled to indemnification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Surviving Corporation shall use its reasonable best efforts (and Landrum shall cooperate prior to the Effective Time
in these efforts) to maintain in effect for a period of six years after the Effective Time Landrum&rsquo;s existing directors&rsquo;
and officers&rsquo; liability insurance policy (provided, that the Surviving Corporation may substitute therefor (i) policies
of at least the same coverage and amounts containing terms and conditions which are substantially no less advantageous to the
insured or (ii) with the consent of Landrum given prior to the Effective Time, any other policy) with respect to claims arising
from facts or events which occurred prior to the Effective Time and covering persons who are currently covered by such insurance;
provided, that the Surviving </FONT></P>

<!-- Field: Page; Sequence: 177; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">Corporation shall not be obligated to make aggregate premium payments for such six-year period in
respect of such policy (or coverage replacing such policy) which exceed, for the portion related to Landrum&rsquo;s directors
and officers, 200% of the annual premium payments currently paid on Landrum&rsquo;s current policy in effect as of the date of
this Agreement (the &ldquo;<U>Maximum Amount</U>&rdquo;). If the amount of the premiums necessary to maintain or procure such
insurance coverage exceeds the Maximum Amount, the Surviving Corporation shall use its reasonable best efforts to maintain the
most advantageous policies of directors&rsquo; and officers&rsquo; liability insurance obtainable for a premium equal to the Maximum
Amount. In lieu of the foregoing, Simmons, or Landrum in consultation with Simmons, may obtain on or prior to the Effective Time,
a six-year &ldquo;tail&rdquo; prepaid policy providing equivalent coverage to that described in this Section 7.9(b) at a premium
not to exceed the Maximum Amount. If the premium necessary to purchase such &ldquo;tail&rdquo; prepaid policy exceeds the Maximum
Amount, Simmons, or Landrum in consultation with Simmons, may purchase the most advantageous &ldquo;tail&rdquo; prepaid policy
obtainable for a premium equal to the Maximum Amount, and in each case, Simmons and the Surviving Corporation shall have no further
obligations under this Section 7.9(b) other than to maintain such &ldquo;tail&rdquo; prepaid policy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any Indemnified Party wishing to claim indemnification under Section 7.9(a), upon learning of any such Claim, shall promptly
notify the Surviving Corporation thereof. In the event of any such Claim (whether arising before or after the Effective Time):
(i) the Surviving Corporation shall have the right to assume the defense thereof and the Surviving Corporation shall not be liable
to such Indemnified Parties for any legal expenses of other counsel or any other expenses subsequently incurred by such Indemnified
Parties in connection with the defense thereof, except that if the Surviving Corporation elects not to assume such defense or
independent legal counsel for the Indemnified Parties advises that there are substantive issues which raise conflicts of interest
between the Surviving Corporation and the Indemnified Parties, the Indemnified Parties may retain counsel satisfactory to them,
and the Surviving Corporation shall pay all reasonable fees and expenses of such counsel for the Indemnified Parties promptly
as statements therefor are received; provided, that the Surviving Corporation shall be obligated pursuant to this Section 7.9(c)
to pay for only one firm of counsel for all Indemnified Parties; (ii) the Indemnified Parties will cooperate in the defense of
any such Claim; and (iii) the Surviving Corporation shall not be liable for any settlement effected without its prior written
consent; and provided, further, that the Surviving Corporation shall not have any obligation hereunder to any Indemnified Party
when and if a court of competent jurisdiction shall determine, and such determination shall have become final, that the indemnification
of such Indemnified Party in the manner contemplated hereby is prohibited by applicable Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Surviving Corporation or any successors or assigns shall consolidate with or merge into any other Person and shall
not be the continuing or surviving Person of such consolidation or merger or if the Surviving Corporation (or any successors or
assigns) shall transfer all or substantially all of its Assets to any Person, then and in each case, proper provision shall be
made so that the successors and assigns of the Surviving Corporation shall assume the obligations set forth in this Section 7.9.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The provisions of this Section 7.9 are intended to be for the benefit of and shall be enforceable by, each Indemnified
Party and their respective heirs and Representatives.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything in this Section 7.9 to the contrary, no indemnification payments will be made to an Indemnified
Party with respect to an administrative proceeding or civil action initiated by any federal banking agency unless all of the following
conditions are met: (i) the Simmons&rsquo; board of directors determines in writing that the Indemnified Party acted in good faith
and in the best interests of the Landrum or Landmark Bank; (ii) the Simmons&rsquo; board of directors determines that the payment
will not materially affect the Simmons&rsquo; safety and soundness; (iii) the payment does not fall within the definition of a
prohibited indemnification payment under 12 C.F.R. Part 359; and (iv) the Indemnified Party agrees in writing to reimburse the
Simmons, to the extent not covered by permissible insurance, for payments made in the event that the administrative or civil action
instituted by a banking Regulatory Authority results in a final order or settlement in which the Indemnified Party is assessed
a civil money penalty, is prohibited from banking, or is required to cease an action or perform an affirmative action.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 178; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_086"></A><B>7.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Operating Functions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Landrum
and Landmark Bank shall cooperate with Simmons and Simmons Bank in connection with planning for the efficient and orderly combination
of the Parties and the operation of Simmons Bank and Landmark Bank, and in preparing for the consolidation of appropriate operating
functions to be effective at the Effective Time or such later date as Simmons may decide. Landrum shall take any action Simmons
may reasonably request prior to the Effective Time to facilitate the combination of the operations of Landrum with Simmons. Each
Party shall cooperate with the other Party in preparing to execute after the Effective Time conversion or consolidation of systems
and business operations generally (including by entering into customary confidentiality, non-disclosure and similar agreements
with such service providers and/or the other party). Without limiting the foregoing, Landrum shall provide office space and support
services (and other reasonably requested support and assistance) in connection with the foregoing, and senior officers of Landrum
and Simmons shall meet from time to time as Landrum or Simmons may reasonably request to review the financial and operational
affairs of Landrum and Landmark Bank, and Landrum shall give due consideration to Simmons&rsquo; input on such matters, with the
understanding that, notwithstanding any other provision contained in this Agreement, (a)&nbsp;neither Simmons nor Simmons Bank
shall under any circumstance be permitted to exercise control of Landrum, Landmark Bank or any other Landrum Subsidiaries prior
to the Effective Time, (b)&nbsp;neither Landrum nor any Landmark Bank shall be under any obligation to act in a manner that could
reasonably be deemed to constitute anti-competitive behavior under federal or state antitrust Laws, and (c)&nbsp;neither Landrum
nor Landmark Bank shall be required to agree to any material obligation that is not contingent upon the consummation of the Merger.
In addition, Landrum shall cooperate with Simmons&rsquo; reasonable requests in connection with the redemption of any Landrum
Capital Stock.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_087"></A>7.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Shareholder Litigation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Each
of Simmons and Landrum shall promptly notify each other in writing of any action, arbitration, audit, hearing, investigation,
litigation, suit, subpoena or summons issued, commenced, brought, conducted or heard by or before, or otherwise involving, any
Regulatory Authority or arbitrator pending or, to the Knowledge of Simmons or Landrum, as applicable, threatened against Simmons,
Landrum or any of their respective Subsidiaries or Representatives that (a) questions or would reasonably be expected to question
the validity of this Agreement or the agreements or transactions contemplated hereby or any actions taken or to be taken by Simmons,
Landrum or their respective Subsidiaries with respect hereto, or (b) seeks to enjoin or otherwise restrain the transactions contemplated
hereby. Landrum shall give Simmons prompt notice of any shareholder litigation against Landrum and/or its directors or officers
relating to the transactions contemplated by this Agreement and shall give Simmons every opportunity to participate in the defense
or settlement of such litigation, provided that no such settlement shall be agreed to without Simmons&rsquo; prior written consent
(such consent not to be unreasonably withheld or delayed).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_088"></A>7.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Legal Conditions to Merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Subject
to Sections 7.1 and 7.4 of this Agreement, each of Simmons and Landrum shall, and shall cause its Subsidiaries to, use their reasonable
best efforts (a) to take, or cause to be taken, all actions necessary, proper or advisable to comply promptly with all legal requirements
that may be imposed on such Party or its Subsidiaries with respect to the Merger and, subject to the conditions set forth in ARTICLE
8 hereof, to consummate the transactions contemplated by this Agreement, and (b) to obtain (and to cooperate with the other Party
to obtain) any Permit or Consent by, of any Regulatory Authority or any other third party that is required to be obtained by Landrum
or Simmons or any of their respective Subsidiaries in connection with, or to effect, the Merger and the other transactions contemplated
by this Agreement. In case at any time after the Effective Time any further action is necessary or desirable to carry out the
purposes of this Agreement (including, any merger between a Simmons Subsidiary, on the one hand, and a Landrum Subsidiary, on
the other hand) or to vest the Surviving Corporation with full title to all Assets, rights, approvals, immunities and franchises
of any of the Parties to the Merger, the proper officers and directors of each Party and their respective Subsidiaries shall take
all such necessary action as may be reasonably requested by Simmons.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 179; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_089"></A><B>7.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Change of Method.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons
may at any time prior to the Effective Time change the method or structure of effecting the combination of Landrum and Simmons
(including by providing for the merger of Landrum with a wholly owned Simmons Subsidiary) if and to the extent requested by Simmons,
and Landrum agrees to enter into such amendments to this Agreement as Simmons may reasonably request in order to give effect to
such restructuring; provided, that no such change or amendment shall (i) alter or change the amount or kind of the Merger Consideration
provided for in this Agreement, (ii) adversely affect the Tax treatment of the Merger with respect to Landrum&rsquo;s shareholders
or (iii) materially delay or impede the consummation of the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_090"></A><B>7.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Takeover Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">None
of Simmons, Landrum or their respective boards of directors shall take any action that would cause any Takeover Law to become
applicable to this Agreement, the Merger, or any of the other transactions contemplated hereby, and each shall take all necessary
steps to exempt (or ensure the continued exemption of) the Merger and the other transactions contemplated hereby from any applicable
Takeover Law now or hereafter in effect. If any Takeover Law may become, or may purport to be, applicable to the transactions
contemplated hereby, each Party and the members of their respective boards of directors will grant such approvals and take such
actions as are necessary so that the transactions contemplated by this Agreement may be consummated as promptly as practicable
on the terms contemplated hereby and otherwise act to eliminate or minimize the effects of any Takeover Law on any of the transactions
contemplated by this Agreement, including, if necessary, challenging the validity or applicability of any such Takeover Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_091"></A>7.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Closing Financial Statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At
least eight Business Days prior to the Effective Time, Landrum shall provide Simmons with Landrum&rsquo;s consolidated financial
statements presenting the financial condition of Landrum and its Subsidiaries as of the close of business on the last day of the
last month ended prior to the Effective Time and Landrum&rsquo;s consolidated results of operations, cash flows, and shareholders&rsquo;
equity for the period from January 1, 2019 through the close of business on the last day of the last month ended prior to the
Effective Time (the &ldquo;<U>Closing Financial Statements</U>&rdquo;); provided, that if the Effective Time occurs on or before
the 15th Business Day of the month, Landrum shall have provided consolidated financial statements as of and through the second
month preceding the Effective Time. Such Closing Financial Statements shall have been prepared in accordance with GAAP and regulatory
accounting principles and other applicable legal and accounting requirements, and reflect all period-end accruals and other adjustments.
Such Closing Financial Statements shall also reflect as of their date (a) accruals for all fees, costs and expenses incurred or
expected to be incurred (whether or not doing so is in accordance with GAAP) in connection (directly or indirectly) with the transactions
contemplated by this Agreement, (b) the capital ratios set forth in Section 8.2(g), and (c) the asset quality metrics set forth
in Section 8.2(e) and shall be accompanied by a certificate of Landrum&rsquo;s chief financial officer, dated as of the Effective
Time, to the effect that such financial statements meet the requirements of this Section 7.15 and continue to reflect accurately,
as of the date of such certificate, the consolidated financial condition, results of operations, cash flows and shareholders&rsquo;
equity of Landrum in all material respects.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_092"></A><B>7.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Dividends.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">After
the date of this Agreement, each of Landrum and Simmons shall coordinate with the other regarding the declaration of any dividends
in respect of Landrum Capital Stock and Simmons Capital Stock and the record dates and payment dates relating thereto, it being
the intention of the Parties that holders of Landrum Capital Stock shall not receive two dividends, or fail to receive one dividend,
in any quarter with respect to their shares of Landrum Capital Stock and any shares of Simmons Capital Stock any such holder receives
in exchange therefor in the Merger.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 180; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_093"></A>ARTICLE
8</B></FONT><FONT STYLE="font-size: 10pt"><BR>
CONDITIONS PRECEDENT TO OBLIGATIONS TO CONSUMMATE</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_094"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>8.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Conditions to Obligations of Each Party.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
respective obligations of each Party to consummate the Merger and the other transactions contemplated hereby are subject to the
satisfaction at or prior to the Effective Time of the following conditions, unless waived by both Parties pursuant to Section
10.6(b):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Shareholder Approval</U>. The shareholders of Landrum shall have approved this Agreement, and the consummation of the
transactions contemplated hereby, including the Merger, as and to the extent required by Law or by the provisions of any governing
instruments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Regulatory Approvals</U>. (i) All required regulatory Permits or Consents from the Federal Reserve, MDF, Arkansas State
Bank Department, the FDIC, and any other Regulatory Authority and (ii) any other regulatory Permits or Consents contemplated by
Section 7.4 the failure of which to obtain has had or would reasonably be expected to have, either individually or in the aggregate,
a Material Adverse Effect on Simmons and Landrum (considered as a consolidated entity), in each case required to consummate the
transactions contemplated by this Agreement, including the Merger, shall have been obtained and shall remain in full force and
effect and all statutory waiting periods in respect thereof shall have expired (all such approvals and the expiration of all such
waiting periods being referred to as the &ldquo;<U>Requisite Regulatory Approvals</U>&rdquo;); provided, that no such Requisite
Regulatory Approval shall impose a Burdensome Condition as determined by Simmons in its sole discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Legal Proceedings</U>. No court or Regulatory Authority of competent jurisdiction shall have enacted, issued, promulgated,
enforced or entered any Law or Order (whether temporary, preliminary or permanent) or taken any other action which prohibits,
restricts or makes illegal the consummation of the transactions contemplated by this Agreement (including the Merger).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Registration Statement</U>. The Registration Statement shall be effective under the Securities Act, no stop orders suspending
the effectiveness of the Registration Statement shall have been issued, and no action, suit, proceeding or investigation by the
SEC to suspend the effectiveness thereof shall have been initiated and be continuing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Exchange Listing</U>. The shares of Simmons Common Stock issuable pursuant to the Merger shall have been approved for
listing on Nasdaq, subject to official notice of issuance (if such approval is required by Nasdaq).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Tax Matters</U>. Each Party shall have received a written opinion of Covington &amp; Burling LLP, in form reasonably
satisfactory to such Parties (the &ldquo;<U>Tax Opinion</U>&rdquo;), to the effect that the Merger will qualify as a &ldquo;reorganization&rdquo;
within the meaning of Section 368(a) of the Internal Revenue Code. In rendering such Tax Opinion, such counsel shall be entitled
to rely upon representations of officers of Landrum and Simmons reasonably satisfactory in form and substance to such counsel.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_095"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>8.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Conditions to Obligations of Simmons.<SUP> </SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
obligations of Simmons to consummate the Merger and the other transactions contemplated hereby are subject to the satisfaction
at or prior to the Effective Time of the following conditions, unless waived by Simmons pursuant to Section 10.6(a):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties</U>. For purposes of this Section 8.2(a), the accuracy of the representations and warranties
of Landrum set forth in this Agreement shall be assessed as of the date of this Agreement and as of the Effective Time with the
same effect as though all such representations and warranties had been made on and as of the Effective Time (provided that representations
and warranties which are confined to a specified date shall speak only as of such date). The representations and warranties of
Landrum set forth in Sections 4.1, 4.2, 4.3(a), </FONT></P>

<!-- Field: Page; Sequence: 181; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">4.3(c), 4.4(a), 4.5(d), 4.10(a), 4.15(b), 4.17, 4.21, and 4.34 shall be true and
correct. The representations and warranties of Landrum set forth in Sections 4.3(b), 4.3(d), 4.5(a), 4.5(b), 4.5(c), 4.6, 4.25,
4.27, and 4.28 be true and correct in all material respects; provided, that, for purposes of this sentence only, those representations
and warranties which are qualified by references to &ldquo;material&rdquo; or &ldquo;Material Adverse Effect&rdquo; or to the
&ldquo;Knowledge&rdquo; of any Person shall be deemed not to include such qualifications. The representations and warranties set
forth in each other section in ARTICLE 4 shall, in the aggregate, be true and correct in all respects except where the failure
of such representations and warranties to be true and correct, has not had or would not reasonably be likely to have, either individually
or in the aggregate, a Material Adverse Effect; provided, that, for purposes of this sentence only, those representations and
warranties which are qualified by references to &ldquo;material&rdquo; or &ldquo;Material Adverse Effect&rdquo; or to the &ldquo;Knowledge&rdquo;
of any Person shall be deemed not to include such qualifications.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Performance of Agreements and Covenants</U>. Each and all of the agreements and covenants of Landrum to be performed
and complied with pursuant to this Agreement and the other agreements contemplated hereby prior to the Effective Time shall have
been duly performed and complied with in all material respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certificates</U>. Landrum shall have delivered to Simmons (i)&nbsp;a certificate, dated as of the Closing Date and signed
on its behalf by its chief executive officer and its chief financial officer, to the effect that the conditions set forth in Section
8.1 as such conditions relate to Landrum and in Sections 8.2(a) and 8.2(b) have been satisfied, and (ii)&nbsp;certified copies
of resolutions duly adopted by Landrum&rsquo;s board of directors and shareholders evidencing the taking of all corporate action
necessary to authorize the execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated
hereby, all in such reasonable detail as Simmons and its counsel shall request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>FIRPTA Certificate</U>. Landrum shall have delivered to Simmons a certificate stating that Landrum Common Stock is not,
and has not been during the applicable period specified in Section 897(c)(1)(A)(ii) of the Internal Revenue Code, a &ldquo;United
States real property interest&rdquo; within the meaning of Section 897(c)(1)(A)(ii) of the Internal Revenue Code satisfying the
requirements of Treasury Regulations Sections 1.897-2(h) and 1.1445-2(c)(3), in form and substance satisfactory to Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Asset Quality</U>. In each case as reflected in the Closing Financial Statements, (i) Landmark Bank&rsquo;s calculation
of Non-Performing Assets to total Assets shall not be in excess of 0.65%, (ii) Landmark Bank&rsquo;s Classified Assets to Tier
1 capital plus ALLL ratio shall not be in excess of 15.75%, (iii) Classified Assets shall not exceed 137.5% of the aggregate balance
of Classified Assets as set forth in the Landrum Financial Statements as of and for the quarter ended March 31, 2019, and (iv)
Delinquent Loans shall not exceed 0.60% of total Loans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Landrum Dissenting Shares</U>. Holders of not more than five percent of the outstanding shares of Landrum Common Stock
shall have demanded, properly and in writing, appraisal for such shares of Landrum Common Stock held by each such holder under
the GBCL.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Regulatory Capital</U>. In each case as reflected in the Closing Financial Statements, (i) Landmark Bank shall be &ldquo;well
capitalized&rdquo; as defined under applicable Law, (ii) Landrum&rsquo;s Tier 1 leverage ratio shall be no less than 8.07%, (iii)
Landrum&rsquo;s Tier 1 risked-based capital ratio shall be no less than 11.60%, (iv) Landrum&rsquo;s total risked-based capital
ratio shall be no less than 12.71%, and (v) Landmark Bank shall not have received any notification from the MDF or FDIC to the
effect that the capital of Landmark Bank is insufficient to permit Landmark Bank to engage in all aspects of its business and
its currently proposed businesses without material restrictions, including the imposition of a Burdensome Condition; provided,
that the conditions contained in Sections 8.2(g)(ii) through 8.2(g)(iv) may be waived by Simmons if the failure to satisfy such
conditions is due solely to the growth of Landrum&rsquo;s Assets, as determined by Simmons in its sole discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 182; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination of Contracts</U>. Landrum shall have delivered to Simmons evidence satisfactory to Simmons in its discretion
that each Contract listed in Section 4.35 of Landrum&rsquo;s Disclosure Memorandum (except for Contracts between Landrum and its
wholly-owned Subsidiaries entered into in the Ordinary Course) has been terminated in its entirety.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>ESOP Matters</U>. The ESOP Financial Advisor shall have issued the updated ESOP Fairness Opinion dated on or about the
Closing Date, and the ESOP Trustees shall have delivered the ESOP Fairness Opinion to Simmons. The ESOP Trustees shall have delivered
a certificate to Simmons, dated on or about the Closing Date, stating that the ESOP Trustees have made the ESOP Determination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Debt</U>. (a) Landrum shall have no outstanding indebtedness under that certain Credit Agreement between Landrum and
Enterprise Bank &amp; Trust dated June 23, 2011, as amended from time to time (&ldquo;<U>Enterprise Credit Agreement</U>&rdquo;),
or any other Contracts (including Loans) associated therewith; (b) the Enterprise Credit Agreement and any other Contracts (including
Loans) associated therewith shall have been terminated or otherwise canceled and be of no further force or effect; and (c) no
Landrum Entity shall have any Liabilities arising under or associated with the Enterprise Credit Agreement or any other Contracts
(including Loans) associated therewith.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_096"></A>8.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Conditions to Obligations of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
obligations of Landrum to perform this Agreement and consummate the Merger and the other transactions contemplated hereby are
subject to the satisfaction at or prior to the Effective Time of the following conditions, unless waived by Landrum pursuant to
Section 10.6(b):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties</U>. For purposes of this Section 8.3(a), the accuracy of the representations and warranties
of Simmons set forth in this Agreement shall be assessed as of the date of this Agreement and as of the Effective Time with the
same effect as though all such representations and warranties had been made on and as of the Effective Time (provided that representations
and warranties which are confined to a specified date shall speak only as of such date). The representations and warranties of
Simmons set forth in Sections 5.4(a), 5.4(c) and 5.7 shall be true and correct (except for inaccuracies which are de minimis in
amount) (it being understood that, for purposes of determining the accuracy of such representations and warranties, the standard
set forth in Section 5.1 shall be disregarded). The representations and warranties of Simmons set forth in Sections 5.4(b), 5.12
and 5.13 shall be true and correct in all material respects (it being understood that, for purposes of determining the accuracy
of such representations and warranties, the standard set forth in Section 5.1 shall be disregarded). Subject to the standard set
forth in Section 5.1, the representations and warranties set forth in each other section in ARTICLE 5 shall be true and correct
in all respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Performance of Agreements and Covenants</U>. Each and all of the agreements and covenants of Simmons to be performed
and complied with pursuant to this Agreement and the other agreements contemplated hereby prior to the Effective Time shall have
been duly performed and complied with in all material respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certificates</U>. Simmons shall have delivered to Landrum (i)&nbsp;a certificate, dated as of the Closing Date and signed
on its behalf by its chief executive officer and its chief financial officer, to the effect that the conditions set forth in Section
8.1 as such conditions relate to Simmons and in Sections 8.3(a) and 8.3(b) have been satisfied, and (ii)&nbsp;certified copies
of resolutions duly adopted by Simmons&rsquo; board of directors evidencing the taking of all corporate action necessary to authorize
the execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, all in
such reasonable detail as Landrum and its counsel shall request.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 183; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_097"></A><B>ARTICLE
9</B></FONT><FONT STYLE="font-size: 10pt"><BR>
TERMINATION</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_098"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>9.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
any other provision of this Agreement, and notwithstanding the approval of this Agreement by the shareholders of Landrum, this
Agreement may be terminated and the Merger abandoned at any time prior to the Effective Time:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By mutual written agreement of Simmons and Landrum;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By either Party, by written notice to the other Party, in the event (i) any Regulatory Authority has denied a Requisite
Regulatory Approval, provided that the Party seeking to terminate this Agreement pursuant to this Section 9.1(b)(i) shall have
used its reasonable best efforts to contest, appeal and change such denial, (ii) any Law or Order permanently restraining, enjoining
or otherwise prohibiting the consummation of the transactions contemplated by this Agreement shall have become final and nonappealable,
provided that the Party seeking to terminate this Agreement pursuant to this Section 9.1(b)(ii) shall have used its reasonable
best efforts to contest, appeal and remove such Law or Order, or (iii) the shareholders of Landrum fail to vote their approval
of the matters relating to this Agreement and the transactions contemplated hereby at Landrum&rsquo;s Shareholders&rsquo; Meeting
where such matters were presented to such shareholders for approval and voted upon;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By either Party, by written notice to the other Party, in the event that the Merger shall not have been consummated by
December 31, 2019 (provided, however, that such date shall be extended to February 28, 2020, if all Requisite Regulatory Approvals
have not been obtained by November 29, 2019), if the failure to consummate the transactions contemplated hereby on or before such
date is not caused by any breach of this Agreement by the Party electing to terminate pursuant to this Section 9.1(c);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By Simmons, by written notice to the Landrum, in the event that the board of directors of Landrum has (i) failed to recommend
the Merger and the approval of this Agreement by the shareholders of Landrum or otherwise effected a Change in the Landrum Recommendation,
(ii) breached the terms of Section 7.2 in any respect adverse to Simmons, or (iii) breached its obligations under Section 7.1
by failing to call, give notice of, convene or hold Landrum&rsquo;s Shareholders&rsquo; Meeting in accordance with Section 7.1;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By Landrum, by written notice to Simmons, in the event of a breach of any of the covenants or agreements or any of the
representations or warranties (or any such representation or warranty shall cease to be true) set forth in this Agreement on the
part of Simmons, which breach or failure to be true, either individually or in the aggregate with all other breaches by Simmons
(or failure of such representations or warranties to be true), would constitute, if occurring or continuing on the Closing Date,
the failure of any of the conditions precedent to the obligations of Landrum to consummate the Merger contained in Section 8.3,
and which is not cured within 30 days following written notice to Simmons, or by its nature or timing cannot be cured during such
period (or such fewer days as remain prior to the date specified in Section 9.1(c)) (provided, that Landrum is not then in material
breach of any representation, warranty, covenant or other agreement contained in this Agreement);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By Simmons, by written notice to Landrum, in the event of a breach of any of the covenants or agreements or any of the
representations or warranties (or any such representation or warranty shall cease to be true) set forth in this Agreement on the
part of Landrum, which breach or failure to be true, either individually or in the aggregate with all other breaches by Landrum
(or failure of such representations or warranties to be true), would constitute, if occurring or continuing on the Closing Date,
the failure of any of the conditions precedent to the obligations of Simmons to consummate the Merger contained in Section 8.2,
and which is not cured within 30 days following written notice to Landrum, or by its nature or timing cannot be cured during such
period (or such fewer days as remain prior to the date specified in Section 9.1(c)) (provided, that </FONT></P>

<!-- Field: Page; Sequence: 184; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">Simmons is not then in material
breach of any representation, warranty, covenant or other agreement contained in this Agreement);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By Simmons, by written notice to Landrum, if any Regulatory Authority has granted a Requisite Regulatory Approval but such
Requisite Regulatory Approval contains, or shall have resulted in or would reasonably be expected to result in, the imposition
of a Burdensome Condition;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By Simmons, by written notice to Landrum, if any Regulatory Authority shall have requested that Simmons, Landrum or any
of their respective Affiliates withdraw (other than for technical reasons), and not be permitted to resubmit within 60 days, any
application with respect to a Requisite Regulatory Approval; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By Landrum, if the board of directors of Landrum so determines by a vote of at least two-thirds of the members of the entire
board of directors of Landrum at any time during the five-day period commencing with the Determination Date, if both of the following
conditions are satisfied:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> the Average Closing Price is less than $18.48; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the difference between (A) the quotient obtained by dividing (1) the average of the closing price of the Nasdaq Bank Index
(as reported in&nbsp;The Wall Street Journal or, if not reported thereby, another alternative source as chosen by Simmons) for
the 20 consecutive trading days ending on and including the 10th&nbsp;trading day preceding the Closing Date by (2) 3,596.84 and
(B) the quotient obtained by dividing (1) the Average Closing Price by (2) $23.11, is greater than 0.20,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">subject,
however, to the following three sentences. If Landrum elects to terminate this Agreement pursuant to this Section 9.1(i), it shall
give written notice to Simmons (provided that such notice of termination may be withdrawn at any time within the aforementioned
five-day period). During the five-day period commencing with its receipt of such notice, Simmons shall have the option to, in
its sole and absolute discretion, elect to increase the Aggregate Stock Consideration by a number of shares of Simmons Common
Stock so that, as a result of such adjustment, the Aggregate Stock Consideration multiplied by the Average Closing Price shall
be no less than the Minimum Merger Consideration. If Simmons so elects within such five-day period, it shall give prompt written
notice to Landrum of such election and the revised Aggregate Stock Consideration, whereupon no termination shall have occurred
pursuant to this Section 9.1(i) and this Agreement shall remain in effect in accordance with its terms (except as the Aggregate
Stock Consideration shall have been so modified). &ldquo;<U>Minimum Merger Consideration</U>&rdquo; shall be the product of (x)
$18.48 and (y) the Aggregate Stock Consideration.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_099"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>9.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Effect of Termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In
the event of the termination and abandonment of this Agreement pursuant to Section 9.1, this Agreement shall become void and have
no further force or effect and there shall be no Liability on the part of any Party for any matters addressed herein or other
claim relating to this Agreement and the transactions contemplated hereby, except that (i)&nbsp;the provisions of this Section
9.2, Section 7.5(d), and ARTICLE 10, shall survive any such termination and abandonment and (ii)&nbsp;no such termination shall
relieve the breaching Party from Liability resulting from any fraud or breach by that Party of this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_100"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>9.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Non-Survival of Representations and Covenants.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
respective representations, warranties, obligations, covenants, and agreements of the Parties shall not survive the Effective
Time except this Section 9.3, Sections 7.5, 7.7, 7.8 and 7.9, and ARTICLE 1, ARTICLE 2, ARTICLE 3 and ARTICLE 10, which shall
survive in accordance with their respective terms.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 185; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_101"></A>ARTICLE
10</B></FONT><FONT STYLE="font-size: 10pt"><BR>
MISCELLANEOUS</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_102"></A>10.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Definitions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as otherwise provided herein, the capitalized terms set forth below shall have the following meanings:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Acquisition
Agreement</U>&rdquo; means a term sheet, letter of intent, commitment, memorandum of understanding, agreement in principle, merger
agreement, acquisition agreement, option agreement or other similar agreement (whether written or oral, binding or nonbinding).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Acquisition
Proposal</U>&rdquo; means any offer, inquiry, proposal or indication of interest (whether communicated to Landrum or publicly
announced to Landrum&rsquo;s shareholders and whether binding or non-binding) by any Person (other than a Simmons Entity) for
an Acquisition Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Acquisition
Transaction</U>&rdquo; means any transaction or series of related transactions (other than the transactions contemplated by this
Agreement) involving: (i) any acquisition or purchase, direct or indirect, by any Person (other than a Simmons Entity) of 20%
or more in interest of the total outstanding voting securities of any Landrum Entities whose Assets, either individually or in
the aggregate, constitute more than 25% of the consolidated Assets of the Landrum Entities, or any tender offer or exchange offer
that if consummated would result in any Person (other than a Simmons Entity) beneficially owning 20% or more in interest of the
total outstanding voting securities of Landrum Entities whose Assets, either individually or in the aggregate, constitute more
than 25% of the consolidated Assets of the Landrum Entities, or any merger, consolidation, share exchange, business combination,
reorganization, recapitalization, liquidation, dissolution or similar transaction involving any Landrum Entities whose Assets,
either individually or in the aggregate, constitute more than 25% of the consolidated Assets of the Landrum Entities; or (ii)
any sale, lease, exchange, transfer, license, acquisition or disposition of 20% or more of the consolidated Assets of Landrum
and its Subsidiaries, taken as a whole.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Affiliate</U>&rdquo;
of a Person means any other Person directly, or indirectly through one or more intermediaries, controlling, controlled by or under
common control with such Person, including, in the case of any Person that is not a natural person, and &ldquo;control&rdquo;
means (i) the ownership, control, or power to vote 25 percent or more of any class of voting securities of the other Person, (ii)
control in any manner of the election of a majority of the directors, trustees, managing members or general partners of the other
Person, or (iii) the possession, directly or indirectly, of the power to exercise a controlling influence over the management
or policies of the other Person, whether through the ownership of voting securities, as trustee or executor, by Contract or any
other means.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Aggregate
Stock Consideration</U>&rdquo; means 17,350,000 shares of Simmons Common Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Assets</U>&rdquo;
of a Person means all of the assets, properties, deposits, businesses and rights of such Person of every kind, nature, character
and description, whether real, personal or mixed, tangible or intangible, accrued or contingent, or otherwise relating to or utilized
in such Person&rsquo;s business, directly or indirectly, in whole or in part, whether or not carried on the Books and Records
of such Person, and whether or not owned in the name of such Person or any Affiliate of such Person and wherever located.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Average
Closing Price</U>&rdquo; means the average of the daily closing prices for the shares of Simmons Common Stock for the 20 consecutive
full trading days on which such shares are actually traded on Nasdaq (as reported by The Wall Street Journal or, if not reported
thereby, any other authoritative source) ending at the close of trading on the Determination Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"></P>

<!-- Field: Page; Sequence: 186; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>BHC
Act</U>&rdquo; means the federal Bank Holding Company Act of 1956, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Books
and Records</U>&rdquo; means all files, ledgers and correspondence, all manuals, reports, texts, notes, memoranda, invoices, receipts,
accounts, accounting records and books, financial statements and financial working papers and all other records and documents
of any nature or kind whatsoever, including those recorded, stored, maintained, operated, held or otherwise wholly or partly dependent
on discs, tapes and other means of storage, including any electronic, magnetic, mechanical, photographic or optical process, whether
computerized or not, and all software, passwords and other information and means of or for access thereto, belonging to any specified
Person or relating to the business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Business
Day</U>&rdquo; means any day other than a Saturday, a Sunday or a day on which all banking institutions in New York, New York
are authorized or obligated by Law or executive order to close.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Call
Reports</U>&rdquo; mean Consolidated Reports of Condition and Income (FFIEC Form 041) or any successor form of the Federal Financial
Institutions Examination Council of Landrum, Landmark Bank or Simmons Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Class
A Common Stock</U>&rdquo; means the Class A Common Voting Stock, $0.01 par value per share, of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Class
B Common Stock</U>&rdquo; means the Class B Common Nonvoting Stock, $0.01 par value per share, of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Classified
Assets</U>&rdquo; means all Classified Loans, plus OREO and other repossessed assets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Classified
Loans</U>&rdquo; means all of the Loans of the Landrum Entities that were classified by a Landrum Entity as &ldquo;Substandard,&rdquo;
&ldquo;Doubtful,&rdquo; &ldquo;Loss,&rdquo; or words of similar import.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Consent</U>&rdquo;
means any consent, approval, authorization, clearance, exemption, waiver, non-objection or similar affirmation by any Person pursuant
to any Contract, Law, Order, or Permit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Contract</U>&rdquo;
means any written or oral agreement, arrangement, authorization, commitment, contract, indenture, instrument, lease, license,
obligation, plan, practice, restriction, understanding, or undertaking of any kind or character, or other document to which any
Person is a party or that is binding on any Person or its capital stock, Assets or business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Default</U>&rdquo;
means (i)&nbsp;any breach or violation of, default under, contravention of, conflict with, or failure to perform any obligations
under any Contract, Law, Order, or Permit, (ii)&nbsp;any occurrence of any event that with the passage of time or the giving of
notice or both would constitute a breach or violation of, default under, contravention of, or conflict with, any Contract, Law,
Order, or Permit, or (iii)&nbsp;any occurrence of any event that with or without the passage of time or the giving of notice would
give rise to a right of any Person to exercise any remedy or obtain any relief under, terminate or revoke, suspend, cancel, or
modify or change the current terms of, or renegotiate, or to accelerate the maturity or performance of, or to increase or impose
any Liability under, any Contract, Law, Order, or Permit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Delinquent
Loans</U>&rdquo; means (i) all Loans with principal and/or interest that are 30-89 days past due, and (ii) all Loans with principal
and/or interest that are at least 90 days past due and still accruing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Determination
Date</U>&rdquo; means the 10th Business Day prior to the Closing Date, provided that if shares of the Simmons Common Stock are
not actually traded on Nasdaq on such day, the Determination Date shall be the immediately preceding day to the 10th Business
Day prior to the Closing Date on which shares of Simmons Common Stock actually trade on Nasdaq.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 187; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Disclosure
Memorandum</U>&rdquo; of a Party means a letter delivered by such Party to the other Party prior to execution of this Agreement,
setting forth, among other things, items the disclosure of which is necessary or appropriate either in response to an express
disclosure requirement contained in a provision hereof or as an exception to one or more representations or warranties contained
in ARTICLE 4 and ARTICLE 5 or to one or more of its covenants contained in this Agreement; provided, that (i) no such item is
required to be set forth in a Disclosure Memorandum as an exception to a representation or warranty if its absence would not be
reasonably likely to result in the related representation or warranty being deemed untrue or incorrect, (ii) the mere inclusion
of an item in a Disclosure Memorandum as an exception to a representation or warranty shall not be deemed an admission by a Party
that such item represents a material exception or fact, event or circumstance or that such item is reasonably expected to result
in a Material Adverse Effect on the Party making the representation or warranty and (iii) any disclosures made with respect to
a section of ARTICLE 4 or ARTICLE 5 shall be deemed to qualify (A) any other section of ARTICLE 4 or ARTICLE 5 specifically referenced
or cross-referenced and (B) other sections of ARTICLE 4 or ARTICLE 5 to the extent it is reasonably apparent on its face (notwithstanding
the absence of a specific cross reference) from a reading of the disclosure that such disclosure applies to such other sections.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Employee
Benefit Plan</U>&rdquo; means each pension, retirement, profit-sharing, deferred compensation, stock option, restricted stock,
stock appreciation rights, employee stock ownership, share purchase, severance pay, vacation, bonus, incentive, retention, change
in control or other incentive plan, medical, vision, dental or other health plan, any life insurance plan, flexible spending account,
cafeteria plan, vacation, holiday, disability or any other employee benefit plan or fringe benefit plan, including any &ldquo;employee
benefit plan,&rdquo; as that term is defined in Section 3(3) of ERISA and any other plan, fund, policy, program, practice, custom,
understanding, agreement or arrangement providing compensation or other benefits, whether or not such Employee Benefit Plan is
or is intended to be (i) covered or qualified under the Internal Revenue Code, ERISA or any other applicable Law, (ii) written
or oral, (iii) funded or unfunded, (iv) actual or contingent, or (v) arrived at through collective bargaining or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Environmental
Laws</U>&rdquo; means all Laws, Orders, Permits, opinions or agency requirements relating to pollution or protection of human
health or safety or the environment (including ambient air, surface water, ground water, land surface, or subsurface strata) including
the Comprehensive Environmental Response Compensation and Liability Act, as amended, 42 U.S.C. 9601 <I>et seq.</I>, the Resource
Conservation and Recovery Act, as amended, 42 U.S.C. 6901 <I>et seq.</I>, and other Laws relating to emissions, discharges, releases,
or threatened releases of any Hazardous Material, or otherwise relating to the manufacture, processing, distribution, use, treatment,
storage, disposal, transport, or handling of any Hazardous Material.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Equity
Rights</U>&rdquo; means all arrangements, calls, commitments, Contracts, options, rights (including preemptive rights or redemption
rights), scrip, units, understandings, warrants, or other binding obligations of any character whatsoever relating to, or securities
or rights convertible into or exchangeable for, shares of the capital stock or equity interests of a Person or by which a Person
is or may be bound to issue additional shares of its capital stock or other equity interests.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>ERISA</U>&rdquo;
means the Employee Retirement Income Security Act of 1974, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>ERISA
Affiliate</U>&rdquo; means any entity which together with a Landrum Entity would be treated as a single employer under Internal
Revenue Code Section 414.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>ESOP
Determination</U>&rdquo; means the determination by the ESOP Trustees, in the exercise of each of their fiduciary discretion under
ERISA and in accordance with ERISA, that Landrum entering into this Agreement and the consummation of the transactions contemplated
by this Agreement is prudent, is in the best interest of the participants and beneficiaries of the ESOP for the exclusive purpose
of providing </FONT></P>

<!-- Field: Page; Sequence: 188; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">benefits to the participants and beneficiaries of the ESOP, and does not constitute a &ldquo;prohibited transaction&rdquo;
under ERISA nor otherwise violate ERISA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>ESOP
Fairness Opinion</U>&rdquo; means an opinion of the ESOP Financial Advisor, to the effect that (i) the consideration to be paid
to the ESOP Trustees, on behalf of the ESOP, in connection with the transactions contemplated by this Agreement is not less than
&ldquo;adequate consideration&rdquo; (as defined in Section 3(18) of ERISA) and (ii)&nbsp;the transactions contemplated by this
Agreement are fair to the ESOP from a financial point of view.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>ESOP
Financial Advisor</U>&rdquo; means the independent appraiser meeting the requirements of Section 401(a)(28)(C) of the Internal
Revenue Code that has been duly engaged by the ESOP Trustees on behalf of the employee stock ownership portion of the ESOP in
connection with the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>ESOP
Trustees</U>&rdquo; means Landmark Bank and, to the extent applicable, the independent Trustee engaged with respect to the transactions
contemplated by this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Exchange
Act</U>&rdquo; means the Securities Exchange Act of 1934, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Exhibit</U>&rdquo;
means the Exhibits so marked, copies of which are attached to this Agreement. Such Exhibits are hereby incorporated by reference
herein and made a part hereof, and may be referred to in this Agreement and any other related instrument or document without being
attached hereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Federal
Reserve</U>&rdquo; means the Board of Governors of the Federal Reserve System or a Federal Reserve Bank acting under the appropriately
delegated authority thereof, as applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>GAAP</U>&rdquo;
means U.S. generally accepted accounting principles, consistently applied during the periods involved.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Hazardous
Material</U>&rdquo; means (i)&nbsp;any hazardous substance, hazardous material, hazardous waste, regulated substance, or toxic
substance (as those terms are defined by any applicable Environmental Laws), (ii)&nbsp;any chemicals, pollutants, contaminants,
petroleum, petroleum products, or oil, lead-containing paint or plumbing, radioactive materials or radon, asbestos-containing
materials and any polychlorinated biphenyls and (iii) any other substance which has been, is, or may be the subject of regulatory
action by any government authority in connection with any Environmental Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Intellectual
Property</U>&rdquo; means copyrights, patents, trademarks, service marks, service names, trade names, brand names, internet domain
names, logos together with all goodwill associated therewith, registrations and applications therefor, technology rights and licenses,
computer software (including any source or object codes therefor or documentation relating thereto), trade secrets, franchises,
know-how, inventions, and other intellectual property rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Internal
Revenue Code</U>&rdquo; means the Internal Revenue Code of 1986, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Key
Employee</U>&rdquo; means an employee of any Landrum Entity holding the position of at least Senior Vice President or whose salary
as of the date of this Agreement exceeds $140,000.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Knowledge</U>&rdquo;
or &ldquo;<U>knowledge</U>&rdquo; as used with respect to a Person (including references to such Person being aware of a particular
matter) means the actual knowledge of the chairman, president, chief executive officer, chief financial officer, chief risk officer,
chief accounting officer, chief operating officer, chief credit officer, general counsel, any assistant or deputy general counsel,
or any senior executive or other vice president in charge of human resources of such Person and the knowledge of any such Persons
obtained or which would have been obtained from a reasonable investigation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"></P>

<!-- Field: Page; Sequence: 189; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landmark
Bank</U>&rdquo; means Landmark Bank, a state-chartered depository trust company under the laws of Missouri and a wholly owned
Landrum Subsidiary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landmark
Bank Capital Stock</U>&rdquo; means, collectively, Landmark Bank Common Stock, Landmark Bank Series B Preferred Stock, Landmark
Bank Series C Preferred Stock, and any other class or series of capital stock of Landmark Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landmark
Bank Common Stock</U>&rdquo; means the common stock, par value $20 per share, of Landmark Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landmark
Bank Series B Preferred Stock</U>&rdquo; means the preferred stock, $1,000 par value per share, Series B of Landmark Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landmark
Bank Series C Preferred Stock</U>&rdquo; means the preferred stock, $1,000 par value per share, Series C of Landmark Bank.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landrum
Capital Stock</U>&rdquo; means, collectively, Landrum Common Stock, Series E Preferred Stock, and any other class or series of
capital stock of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landrum
Common Stock</U>&rdquo; means, collectively, Class A Common Stock and Class B Common Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landrum
Entities</U>&rdquo; means, collectively, Landrum and all Landrum Subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landrum
Financial Statements</U>&rdquo; means (i)&nbsp;the consolidated statements of condition (including related notes and schedules,
if any) of Landrum as of March 31, 2019, and as of December 31, 2018, 2017 and 2016, and the related statements of operations,
changes in shareholders&rsquo; equity, and cash flows (including related notes and schedules, if any) for the three months ended
March 31, 2019, and for each of the fiscal years ended December 31, 2018, 2017 and 2016, and (ii)&nbsp;the consolidated statements
of condition of Landrum (including related notes and schedules, if any) and related statements of operations, changes in shareholders&rsquo;
equity, and cash flows (including related notes and schedules, if any) with respect to periods ended subsequent to most recent
quarter end.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landrum
Shares Outstanding</U>&rdquo; means the total number of shares of Landrum Common Stock outstanding immediately prior to the Effective
Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Landrum
Subsidiary</U>&rdquo; means the Subsidiaries of Landrum, which shall include Landmark Bank, the entities set forth on Sections
4.5(a) and 4.4(b) of Landrum&rsquo;s Disclosure Memorandum and any corporation, bank, savings association, limited liability company,
limited partnership, limited liability partnership or other organization formed or acquired as a Subsidiary of Landrum after the
date hereof and held as a Subsidiary by Landrum at the Effective Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Law</U>&rdquo;
means any code, law (including common law), ordinance, regulation, reporting or licensing requirement, rule, or statute applicable
to a Person or its Assets, Liabilities, or business, including those promulgated, interpreted or enforced by any Regulatory Authority.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Liability</U>&rdquo;
means any direct or indirect, primary or secondary, liability, indebtedness, obligation, penalty, cost or expense (including costs
of investigation, collection and defense), claim, deficiency, guaranty or endorsement of or by any Person (other than endorsements
of notes, bills, checks, and drafts presented for collection or deposit in the Ordinary Course) of any type, whether accrued,
absolute or contingent, liquidated or unliquidated, matured or unmatured, or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Lien</U>&rdquo;
means any conditional sale agreement, default of title, easement, encroachment, encumbrance, hypothecation, infringement, lien,
mortgage, pledge, option, right of first refusal, reservation, restriction, security interest, title retention or other security
arrangement, or any adverse right or </FONT></P>

<!-- Field: Page; Sequence: 190; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">interest, charge, or claim of any nature whatsoever of, on, or with respect to any property
or property interest, other than Permitted Liens.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Litigation</U>&rdquo;
means any action, arbitration, cause of action, lawsuit, claim, complaint, criminal prosecution, governmental or other examination
or investigation, audit (other than regular audits of financial statements by outside auditors), compliance review, inspection,
hearing, administrative or other proceeding relating to or affecting a Party, its business, its records, its policies, its practices,
its compliance with Law, its actions, its Assets (including Contracts related to it), or the transactions contemplated by this
Agreement, but shall not include regular, periodic examinations of depository institutions and their Affiliates by Regulatory
Authorities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Loans</U>&rdquo;
means any written or oral loan, loan agreement, note or borrowing arrangement (including leases, credit enhancements, guarantees
and interest bearing assets) to which Landrum or Landmark Bank are party as a creditor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Material</U>&rdquo;
or &ldquo;<U>material</U>&rdquo; for purposes of this Agreement shall be determined in light of the facts and circumstances of
the matter in question; provided that any specific monetary amount stated in this Agreement shall determine materiality in that
instance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Material
Adverse Effect</U>&rdquo; means with respect to any Party and its Subsidiaries, any fact, circumstance, event, change, effect,
development or occurrence that, individually or in the aggregate together with all other facts, circumstances, events, changes,
effects, developments or occurrences, directly or indirectly, (i) has had or would reasonably be expected to result in a material
adverse effect on the condition (financial or otherwise), results of operations, Assets, liabilities or business of such Party
and its Subsidiaries taken as a whole; provided, that a &ldquo;Material Adverse Effect&rdquo; shall not be deemed to include effects
to the extent resulting from (A)&nbsp;changes after the date of this Agreement in GAAP or regulatory accounting requirements,
(B)&nbsp;changes after the date of this Agreement in Laws of general applicability to companies in the financial services industry,
(C)&nbsp;changes after the date of this Agreement in global, national or regional political conditions or general economic or
market conditions in the United States ((and with respect to each of Landrum and Simmons, in the respective markets in which they
operate), including changes in prevailing interest rates, credit availability and liquidity, currency exchange rates, and price
levels or trading volumes in the United States or foreign securities markets) affecting other companies in the financial services
industry, (D) after the date of this Agreement, general changes in the credit markets or general downgrades in the credit markets,
(E) failure, in and of itself, to meet earnings projections or internal financial forecasts, but not including any underlying
causes thereof unless separately excluded hereunder, or changes in the trading price of a Party&rsquo;s common stock, in and of
itself, but not including any underlying causes unless separately excluded hereunder, (F) the public disclosure of this Agreement
and the impact thereof on relationships with customers or employees, (G) any outbreak or escalation of hostilities, declared or
undeclared acts of war or terrorism, or (H)&nbsp;actions or omissions taken with the prior written consent of the other Party
or expressly required by this Agreement; except, with respect to clauses (A), (B), (C), (D) and (G), to the extent that the effects
of such change disproportionately affect such Party and its Subsidiaries, taken as a whole, as compared to other companies in
the industry in which such Party and its Subsidiaries operate, or (ii) prevents or materially impairs the ability of such Party
to timely consummate the transactions contemplated hereby; provided, further, that the application of the conditions in Section
8.2(e) and Section 8.2(g) is independent of the definition of Material Adverse Effect and the satisfaction or lack of satisfaction
of the requirements therein is not determinative of whether a Material Adverse Effect has otherwise occurred.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Merger
Consideration</U>&rdquo; means the sum of (i) the Stock Consideration, (ii) the Fractional Share Payment (if any) and (iii) the
dividends or distributions (if any) pursuant to Section 3.1(d).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"></P>

<!-- Field: Page; Sequence: 191; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Nasdaq</U>&rdquo;
means the Nasdaq Global Select Market.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Non-Performing
Assets</U>&rdquo; means (i) all Loans with principal and/or interest that are at least 90 days past due and still accruing, (ii)
all Loans with principal and/or interest that are nonaccruing, and (iii) OREO and other repossessed Assets. Non-Performing Assets
shall be reflected in the Closing Financial Statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Operating
Property</U>&rdquo; means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in
which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and,
where required by the context, includes the owner or operator of such property, but only with respect to such property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Order</U>&rdquo;
means any administrative decision or award, decree, injunction, judgment, order, consent decree, quasi-judicial decision or award,
ruling, or writ of any federal, state, local or foreign or other court, arbitrator, mediator, tribunal, administrative agency,
or Regulatory Authority.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Ordinary
Course</U>&rdquo; means the conduct of the business of the Landrum Entity in substantially the same manner as such business was
operated on the date of this Agreement, including operations in conformance and consistent with the Landrum Entity&rsquo;s practices
and procedures prior to and as of such date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>OREO</U>&rdquo;
means &ldquo;other real estate owned&rdquo; or words of similar import as reflected in the Landrum Financial Statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Participation
Facility</U>&rdquo; means any facility or property in which the Party in question or any of its Subsidiaries participates in the
management and, where required by the context, said term means the owner or operator of such facility or property, but only with
respect to such facility or property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Party</U>&rdquo;
means either of Landrum or Simmons, and &ldquo;<U>Parties</U>&rdquo; means Landrum and Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Permit</U>&rdquo;
means any federal, state, local, or foreign governmental approval, authorization, certificate, easement, filing, franchise, license,
notice, permit, or right to which any Person is a party or that is or may be binding upon or inure to the benefit of any Person
or its securities, Assets, or business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Person</U>&rdquo;
means a natural person or any legal, commercial or governmental entity, such as, but not limited to, a corporation, general partnership,
joint venture, limited partnership, limited liability company, limited liability partnership, trust, business association, group
acting in concert, or any person acting in a Representative capacity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Previously
Disclosed</U>&rdquo; by a Party means information set forth in its Disclosure Memorandum or, if applicable, information set forth
in its SEC Documents that were filed prior to the date hereof (but disregarding risk factor disclosures contained under the heading
&ldquo;Risk Factors&rdquo; or disclosures of risk factors set forth in any &ldquo;forward-looking statements&rdquo; disclaimer
or other statements that are similarly non-specific or cautionary, predictive or forward-looking in nature); provided, that information
and documents commonly known as &ldquo;confidential supervisory information&rdquo; that is prohibited from disclosure shall not
be disclosed by any Party and nothing in this Agreement shall require such disclosure.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Registration
Statement</U>&rdquo; means the Registration Statement on Form S-4, or other appropriate form, including any pre-effective or post-effective
amendments or supplements thereto, to be filed with the SEC by Simmons under the Securities Act with respect to the shares of
Simmons Common Stock to be issued to the shareholders of Landrum pursuant to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"></P>

<!-- Field: Page; Sequence: 192; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Regulatory
Authorities</U>&rdquo; means, collectively, the SEC, Nasdaq, state securities authorities, the Financial Industry Regulatory Authority,
the Securities Investor Protector Corporation, applicable securities, commodities and futures exchanges, and other industry self-regulatory
organizations, the Federal Reserve, the FDIC, the Office of the Comptroller of the Currency, the CFPB, the MDF, the Arkansas State
Bank Department, the IRS, the DOL, the PBGC, and all other foreign, federal, state, county, local or other governmental, banking
or regulatory agencies, authorities (including taxing and self-regulatory authorities), instrumentalities, commissions, boards,
courts, administrative agencies, commissions or bodies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Representative</U>&rdquo;
means, with respect to any Person, any officer, director, employee, investment banker, financial or other advisor, attorney, auditor,
accountant, consultant, or other representative or agent of or engaged or retained by such Person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>SEC</U>&rdquo;
means the United States Securities and Exchange Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>SEC
Documents</U>&rdquo; means all forms, proxy statements, registration statements, reports, schedules, and other documents filed,
together with any amendments thereto, by Simmons or any of its Subsidiaries with the SEC on or after January 1, 2016, or by Landrum
or any of its Subsidiaries with the SEC on or after January 1, 2016, as applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Securities
Act</U>&rdquo; means the Securities Act of 1933, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Securities
Laws</U>&rdquo; means the Securities Act, the Exchange Act, the Investment Company Act of 1940, as amended, the Investment Advisers
Act of 1940, as amended, the Trust Indenture Act of 1939, as amended, and the rules and regulations of any Regulatory Authority
promulgated thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Series
E Preferred Stock</U>&rdquo; means the preferred stock, no par value per share, Series E of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Simmons
Capital Stock</U>&rdquo; means, collectively, Simmons Common Stock, any preferred stock of Simmons and any other class or series
of capital stock of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Simmons
Common Stock</U>&rdquo; means the $0.01 par value Class A Common Stock of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Simmons
Entities</U>&rdquo; means, collectively, Simmons and all Simmons Subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Simmons
Financial Statements</U>&rdquo; means (i)&nbsp;the consolidated statements of condition (including related notes and schedules,
if any) of Simmons as of March 31,&nbsp;2019, and as of December 31, 2018 and 2017, and the related statements of operations,
changes in shareholders&rsquo; equity, and cash flows (including related notes and schedules, if any) for the three months ended
March 31,&nbsp;2019, and for each of the three fiscal years ended December 31, 2018, 2017 and 2016, as filed by Simmons in SEC
Documents, and (ii)&nbsp;the consolidated statements of condition of Simmons (including related notes and schedules, if any) and
related statements of operations, changes in shareholders&rsquo; equity, and cash flows (including related notes and schedules,
if any) included in SEC Documents filed with respect to periods ended subsequent to most recent quarter end.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Simmons
Stock Options</U>&rdquo; means each option or other Equity Right to purchase shares of Simmons Common Stock pursuant to stock
options or stock appreciation rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Simmons
Stock Plans</U>&rdquo; means the existing stock option and other stock-based compensation plans of Simmons designated as follows:
Simmons Executive Stock Incentive Plan - 2006; Simmons Outside Director Stock Incentive Plan - 2006; Simmons Executive Stock Incentive
Plan - 2010; Simmons Outside Director Stock Incentive Plan - 2014; and Simmons 2015 Incentive Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 193; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Simmons
Subsidiaries</U>&rdquo; means the Subsidiaries of Simmons, which shall include any corporation, bank, savings association, limited
liability company, limited partnership, limited liability partnership or other organization formed or acquired as a Subsidiary
of Simmons after the date hereof and held as a Subsidiary by Simmons at the Effective Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Stock
Consideration</U>&rdquo; means a number of shares of Simmons Common Stock equal to the quotient obtained by dividing the Aggregate
Stock Consideration by the Landrum Shares Outstanding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Subsidiaries</U>&rdquo;
means all those corporations, associations, or other business entities of which the entity in question either (i)&nbsp;owns or
controls more than 50% of the outstanding equity securities or other ownership interests either directly or through an unbroken
chain of entities as to each of which more than 50% of the outstanding equity securities is owned directly or indirectly by its
parent (provided, there shall not be included any such entity the equity securities of which are owned or controlled in a fiduciary
capacity), (ii)&nbsp;in the case of partnerships, serves as a general partner, (iii)&nbsp;in the case of a limited liability company,
serves as a managing member, or (iv)&nbsp;otherwise has the ability to elect a majority of the directors, trustees or managing
members thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Superior
Proposal</U>&rdquo; means any unsolicited bona fide written Acquisition Proposal with respect to which the board of directors
of Landrum determines in its good faith judgment (based on, among other things, the advice of outside legal counsel and a financial
advisor) is reasonably likely to be consummated in accordance with its terms, and if consummated, would result in a transaction
more favorable, from a financial point of view, to Landrum&rsquo;s shareholders than the Merger and the other transactions contemplated
by this Agreement (as it may be proposed to be amended by Simmons), taking into account all relevant factors (including the Acquisition
Proposal and this Agreement (including any proposed changes to this Agreement that may be proposed by Simmons in response to such
Acquisition Proposal)); provided, that for purposes of the definition of &ldquo;Superior Proposal,&rdquo; the references to &ldquo;20%&rdquo;
in the definitions of Acquisition Transaction shall be deemed to be references to &ldquo;50%&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Tax</U>&rdquo;
or &ldquo;<U>Taxes</U>&rdquo; means any federal, state, county, local, or foreign taxes, or, to the extent in the nature of a
tax, any charges, fees, levies, imposts, duties, or other assessments, including income, gross receipts, excise, employment, sales,
use, transfer, recording license, payroll, franchise, severance, documentary, stamp, occupation, windfall profits, environmental,
commercial rent, capital stock, paid-up capital, profits, withholding, Social Security, single business and unemployment, real
property, personal property, escheat, unclaimed property, registration, ad valorem, value added, goods and services, alternative
or add-on minimum, estimated, or other tax, imposed or required to be withheld by the United States or any state, county, local
or foreign government or subdivision or agency thereof, including any interest, penalties, and additions imposed thereon or with
respect thereto (including any such interest, penalties or additions imposed as a result of a failure to timely, correctly or
completely file any Tax Return).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 1in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Tax
Return</U>&rdquo; means any report, return, information return, or other document supplied to, or required to be supplied to,
a Regulatory Authority in connection with Taxes, including any return of an affiliated or combined or unitary group that includes
a Party or its Subsidiaries and including any amendment, attachment or schedule thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>WARN
Act</U>&rdquo; means the Worker Adjustment and Retraining Notification Act of 1988 (or any similar applicable local Law insofar
as it relates to an employer&rsquo;s obligations in the context of mass layoffs).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: left"><FONT STYLE="font-size: 10pt">&ldquo;<U>Withholding
Certificate</U>&rdquo; means a properly completed and, if required, signed Internal Revenue Service Form W-9, W-8 (in any of its
variants) or any substitute for such Internal Revenue Service Form conforming to the requirements of the Internal Revenue Code
or any applicable Treasury Regulations.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 194; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_103"></A>10.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Referenced Pages.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
terms set forth below shall have the meanings ascribed thereto in the referenced pages:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 94%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 88%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">401(a) Plan</FONT></TD>
    <TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">43</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ABCA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Acquisition Agreement</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Acquisition Proposal</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Acquisition Transaction</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Affiliate</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Aggregate Stock Consideration</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Agreement</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ALLL</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-27</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Assets</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Average Closing Price</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Bankruptcy and Equity Exceptions</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-8</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BHC Act</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Book-Entry Share</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-3</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Books and Records</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Burdensome Condition</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">41</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Business Day</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-54</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Call Reports</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Canceled Shares</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-2</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">CBP</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">CBP Termination Date</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Certificate</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">CFPB</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-16</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 94%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 88%"><FONT STYLE="font-size: 10pt">Change in the Landrum Recommendation</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%">A-<FONT STYLE="font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Chosen Courts</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">69</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Claim</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">44</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Claims Period</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Class A Common Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Class B Common Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Classified Assets</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Classified Loans</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Closing</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Closing Date</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Closing Financial Statements</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-47</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Confidentiality Agreement</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">42</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Consent</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Contract</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Contractors</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">18</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Covered Employees</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">43</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Default</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Delinquent Loans</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Derivative Transaction</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">24</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Determination Date</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Disclosure Memorandum</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">55</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">DOL</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Effective Time</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-2</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 195; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 94%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 88%"><FONT STYLE="font-size: 10pt">Employee Benefit Plan</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%"><FONT STYLE="font-size: 10pt">A-55</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Enterprise Credit Agreement</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">50</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Environmental Laws</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">55</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Equity Rights</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">55</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ERISA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">55</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ERISA Affiliate</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">55</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ESOP</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-3</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ESOP Determination</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-55</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ESOP Fairness Opinion</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ESOP Financial Advisor</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ESOP Termination Date</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-3</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ESOP Trustees</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Exchange Act</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Exchange Agent</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-4</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Exchange Fund</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Exhibit</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">FDIA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">FDIC</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Federal Reserve</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fractional Share Payment</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-4</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">GAAP</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">GBCL</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Hazardous Material</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Holders</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-4</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Indemnified Party</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-44</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Intellectual Property</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Internal Revenue Code</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">IRS</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 94%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 88%"><FONT STYLE="font-size: 10pt">Key Employee</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%"><FONT STYLE="font-size: 10pt">A-56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Knowledge</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landmark Bank</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landmark Bank Capital Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landmark Bank Common Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landmark Bank Series B Preferred Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landmark Bank Series C Preferred Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Benefit Plans</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-20</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Capital Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Common Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Contracts</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Dissenting Shares</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Entities</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Financial Statements</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Recommendation</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Regulatory Agreement</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">24</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Shareholder Approval</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 196; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 94%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 88%"><FONT STYLE="font-size: 10pt">Landrum Shares Outstanding</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum Subsidiary</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum&rsquo;s Shareholders&rsquo; Meeting</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Law</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Liability</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Lien</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Litigation</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">58</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Loans</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">58</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Material</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">58</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Material Adverse Effect</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">58</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Maximum Amount</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-45</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">MDF</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Merger</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Merger Consideration</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-58</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Minimum Merger Consideration</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Money Laundering Laws</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-17</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Nasdaq</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Non-Performing Assets</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">OFAC</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Operating Property</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Ordinary Course</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">OREO</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Participation Facility</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Party</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">PBGC</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">20</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Permit</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Permitted Liens</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Person</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Personally Identifiable Information</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pool</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">26</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">PPACA</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Preferred Certificate</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-6</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Previously Disclosed</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-59</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 94%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 88%"><FONT STYLE="font-size: 10pt">Proxy Statement/Prospectus</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%">A-38</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Real Property</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Registration Statement</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Regulation O</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-16</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Regulation W</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">16</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Regulatory Authorities</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Representative</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Requisite Regulatory Approvals</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Sanctioned Countries</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Sanctions</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">SEC</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">SEC Documents</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Section 351.455</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Securities Act</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 197; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 94%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 88%"><FONT STYLE="font-size: 10pt">Securities Laws</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 12%">A-<FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Self-Funded Health or Welfare Plan</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Series E Preferred Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons Capital Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons Certificates</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-4</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons Entities</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons Financial Statements</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons SEC Reports</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">30</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons Series D Preferred Stock</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-4</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons Stock Options</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons Stock Plans</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons Subsidiaries</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Stock Consideration</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Subsidiaries</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Superior Proposal</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Surviving Corporation</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Systems</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-15</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Takeover Laws</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">25</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Tax</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Tax Opinion</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Tax Return</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Termination Fee</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-<FONT STYLE="font-size: 10pt">66</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Voting Agreement</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-1</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">WARN Act</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-61</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Withholding Certificate</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">A-61</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-indent: 0.5in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Any
singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words &ldquo;include,&rdquo;
&ldquo;includes&rdquo; or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed followed by the words &ldquo;without
limitation.&rdquo; The word &ldquo;or&rdquo; shall not be exclusive and &ldquo;any&rdquo; means &ldquo;any and all.&rdquo; The
words &ldquo;hereby,&rdquo; &ldquo;herein,&rdquo; &ldquo;hereof,&rdquo; &ldquo;hereunder&rdquo; and similar terms refer to this
Agreement as a whole and not to any specific Section. All pronouns and any variations thereof refer to the masculine, feminine
or neuter, singular or plural, as the context may require. If a word or phrase is defined, the other grammatical forms of such
word or phrase have a corresponding meaning. A reference to a document, agreement or instrument also refers to all addenda, exhibits
or schedules thereto. A reference to any &ldquo;copy&rdquo; or &ldquo;copies&rdquo; of a document, agreement or instrument means
a copy or copies that are complete and correct. Unless otherwise specified in this Agreement, all accounting terms used in this
Agreement will be interpreted, and all accounting determinations under this Agreement will be made, in accordance with GAAP. Any
capitalized terms used in any schedule, Exhibit, or Disclosure Memorandum but not otherwise defined therein shall have the meaning
set forth in this Agreement. All references to &ldquo;dollars&rdquo; or &ldquo;$&rdquo; in this Agreement are to United States
dollars. All references to &ldquo;the transactions contemplated by this Agreement&rdquo; (or similar phrases) include the transactions
provided for in this Agreement, including the Merger. Any Contract or Law defined or referred to herein or in any Contract that
is referred to herein means such Contract or Law as from time to time amended, modified or supplemented, including (in the case
of Contracts) by waiver or consent and (in the case of Law) by succession of comparable successor Law and references to all attachments
thereto and instruments incorporated therein. The term &ldquo;made available&rdquo; means any document or other information that
was (a) provided (whether by physical or electronic delivery) by Landrum or its representatives to Simmons and its representatives
at least two Business Days prior to the date hereof and included in the virtual data room (on a continuation basis without subsequent</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 198; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-size: 10pt">modification) of Landrum at least two Business Days prior to the date hereof, (b) provided (whether by physical or electronic
delivery) by Simmons or its representatives to Landrum and its representatives at least two Business Days prior to the date hereof,
or (c) filed by a Party with the SEC and publicly available on EDGAR at least two Business Days prior to the date hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_104"></A>10.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Expenses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as otherwise provided in this Section 10.3, each of the Parties shall bear and pay all direct costs and expenses
incurred by it or on its behalf in connection with the transactions contemplated hereunder, including filing, registration and
application fees, printing and mailing fees, and fees and expenses of its own financial or other consultants, investment bankers,
accountants, and counsel, except that each of the Parties shall bear and pay one-half of the filing fees payable in connection
with the Registration Statement and the Proxy Statement/Prospectus and printing costs incurred in connection with the printing
of the Registration Statement and the Proxy Statement/Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding the foregoing, if:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(A) either Landrum or Simmons terminates this Agreement pursuant to Section 9.1(b)(iii) or Section 9.1(c), or (B) Simmons
terminates this Agreement pursuant to Section 9.1(f), and within 12 months of such termination Landrum shall either (x)&nbsp;consummate
an Acquisition Transaction or (y) enter into an Acquisition Agreement with respect to an Acquisition Transaction, whether or not
such Acquisition Transaction is subsequently consummated; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Simmons shall terminate this Agreement pursuant to Section 9.1(d),</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">then
Landrum shall pay to Simmons an amount equal to $15,000,000 (the &ldquo;<U>Termination Fee</U>&rdquo;). The payment of the Termination
Fee by Landrum pursuant to this Section 10.3(b) constitutes liquidated damages and not a penalty, and shall be the sole monetary
remedy of Simmons in the event of termination of this Agreement pursuant to Sections 9.1(b)(iii), 9.1(c), 9.1(d) or 9.1(f). If
the Termination Fee shall be payable pursuant to subsection (i) of this Section 10.3(b), the Termination Fee shall be paid in
same-day funds at or prior to the earlier of the date of consummation of such Acquisition Transaction or the date of execution
of an Acquisition Agreement with respect to such Acquisition Transaction. If the Termination Fee shall be payable pursuant to
subsection (ii) of this Section 10.3(b), the Termination Fee shall be paid in same-day funds within two Business Days from the
date of termination of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Parties acknowledge that the agreements contained in paragraph (b) of this Section 10.3 are an integral part of the
transactions contemplated by this Agreement, and that without these agreements, they would not enter into this Agreement; accordingly,
if Landrum fails to pay any fee payable by it pursuant to this Section 10.3 when due, then Landrum shall pay to Simmons its costs
and expenses (including attorneys&rsquo; fees) in connection with collecting such fee, together with interest on the amount of
the fee at the prime rate of Citibank, N.A. from the date such payment was due under this Agreement until the date of payment</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_105"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>10.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Entire Agreement; No Third Party Beneficiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Except
as otherwise expressly provided herein, this Agreement (including the Disclosure Memorandum of each of Landrum and Simmons, the
Exhibits, the schedules, and the other documents and instruments referred to herein) together with the Confidentiality Agreement
and the Voting Agreements constitute the entire agreement between the Parties with respect to the transactions contemplated hereunder
and thereunder and supersedes all prior arrangements or understandings with respect thereto, written or oral. Nothing in this
Agreement (including the documents and instruments referred to herein) expressed or implied, is intended to confer upon any Person,
other than the Parties or their respective successors, any rights, remedies, obligations, or liabilities under or by reason of
this Agreement, other than as specifically provided in Section 7.9. The representations and warranties in this Agreement are the
product of negotiations among the Parties and are for the sole benefit of the Parties. </FONT></P>

<!-- Field: Page; Sequence: 199; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">Any inaccuracies in such representations
and warranties are subject to waiver by the Parties in accordance herewith without notice or liability to any other Person. In
some instances, the representations and warranties in this Agreement may represent an allocation among the Parties of risks associated
with particular matters regardless of the knowledge of any of the Parties. Consequently, Persons other than the Parties may not
rely upon the representations and warranties in this Agreement as characterizations of actual facts or circumstances as of the
date of this Agreement or as of any other date. Notwithstanding any other provision hereof to the contrary, no consent, approval
or agreement of any third party beneficiary will be required to amend, modify to waive any provision of this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_106"></A>10.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Amendments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">To
the extent permitted by Law, this Agreement may be amended by a subsequent writing signed by each of the Parties upon the approval
of each of the Parties, whether before or after the Landrum Shareholder Approval has been obtained; provided, that after obtaining
the Landrum Shareholder Approval, there shall be made no amendment that requires further approval by such Landrum shareholders.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_107"></A><B>10.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Waivers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to or at the Effective Time, Simmons, acting through its board of directors, chief executive officer or other authorized
officer, shall have the right to (i) waive any Default in the performance of any term of this Agreement by Landrum, (ii) waive
or extend the time for the compliance or fulfillment by Landrum of any and all of its obligations under this Agreement, and (iii)
waive compliance with any or all of the agreements or satisfaction of any conditions precedent to the obligations of Simmons under
this Agreement contained herein, except any condition which, if not satisfied, would result in the violation of any Law; provided,
that after the Landrum Shareholder Approval has been obtained, there may not be, without further approval of such shareholders,
any extension or waiver of this Agreement or any portion thereof that requires further approval under applicable Law. No such
waiver shall be effective unless in writing signed by a duly authorized officer of Simmons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to or at the Effective Time, Landrum, acting through its board of directors, chief executive officer or other authorized
officer, shall have the right to (i) waive any Default in the performance of any term of this Agreement by Simmons, (ii) waive
or extend the time for the compliance or fulfillment by Simmons<B> </B>of any and all of its obligations under this Agreement,
and (iii) waive compliance with any or all of the agreements or satisfaction of any conditions precedent to the obligations of
Landrum under this Agreement contained herein, except any condition which, if not satisfied, would result in the violation of
any Law. No such waiver shall be effective unless in writing signed by a duly authorized officer of Landrum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The failure of any Party at any time or times to require performance of any provision hereof shall in no manner affect
the right of such Party at a later time to enforce the same or any other provision of this Agreement. No waiver of any condition
or of the breach of any term contained in this Agreement in one or more instances shall be deemed to be or construed as a further
or continuing waiver of such condition or breach or a waiver of any other condition or of the breach of any other term of this
Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_108"></A>10.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Assignment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Except
as expressly contemplated hereby, neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned
by any Party (whether by operation of Law or otherwise) without the prior written consent of the other Party. Any purported assignment
in contravention hereof shall be null and void. Subject to the preceding sentences, this Agreement will be binding upon, inure
to the benefit of and be enforceable by the Parties and their respective successors and assigns.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 200; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->67<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_109"></A>10.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Notices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">All
notices or other communications which are required or permitted hereunder shall be in writing and sufficient if delivered by hand,
by facsimile transmission (followed by overnight courier), by registered or certified mail, postage pre-paid, or by courier or
overnight carrier, or by email (with receipt confirmed) to the persons at the addresses set forth below (or at such other address
as may be provided hereunder), and shall be deemed to have been delivered as of the date so delivered:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 72pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 139.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons:</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons
                                         First National Corporation</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 72pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 139.5pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">601
                                         E. 3<SUP>rd</SUP> Street</FONT></TD></TR>                                                                                  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Little
                                         Rock, AR 72201<BR>
                                         Facsimile Number: (501) 558-3145<BR>
                                         Attention: George Makris, Jr.<BR>
                                         Email: george.makris@simmonsbank.com</font></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left; text-indent: -139.5pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 72pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 139.5pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">With
                                         a Copy to:</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Simmons
                                         First National Corporation</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-align: left; text-indent: -139.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-align: left; text-indent: -139.5pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 72pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 139.5pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">601
                                         E. 3<SUP>rd</SUP> Street</FONT></TD></TR>                                                                                  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Little
                                         Rock, AR 72201<BR>
                                         Facsimile Number: (501) 558-3145<BR>
                                         Attention: General Counsel<BR>
                                         Email: pat.burrow@simmonsbank.com</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Copy
                                         to Counsel:</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Covington
                                         &amp; Burling LLP<BR>
                                         One CityCenter<BR>
                                         850 Tenth Street NW<BR>
                                         Washington, DC 20001<BR>
                                         Facsimile Number: (202) 778-5986<BR>
                                         Attention: Frank M. Conner III<BR>
                                         Email: rconner@cov.com;<BR>
                                         Attention: Michael P. Reed<BR>
                                         Email: mreed@cov.com</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-align: left; text-indent: -139.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-align: left; text-indent: -139.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-align: left; text-indent: -139.5pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 72pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 139.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Landrum:</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">The
                                         Landrum Company</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 72pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 139.5pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">801
                                         East Broadway</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 72pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 139.5pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Columbia,
                                         Missouri 65201</FONT></TD></TR>                                                                        <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Facsimile
                                         Number: 573-875-1468<BR>
                                         Attention: Kevin D. Gibbens<BR>
                                         Email:</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-align: left; text-indent: -139.5pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 72pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 139.5pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">kevin.gibbens@landmarkbank.com</FONT></TD></TR>                                                                                                                                                                                                                                                                                                     <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Copy
                                         to Counsel:</FONT></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-indent: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Polsinelli
                                         PC<BR>
                                         100 South Fourth Street<BR>
                                         St. Louis, Missouri 63102<BR>
                                         Facsimile Number: 314-622-6701<BR>
                                         Attention: Kenneth H. Suelthaus</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Email:
ksuelthaus@polsinelli.com<BR>
Attention: Larry K. Harris</FONT></P>
</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-align: left; text-indent: -139.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.7pt; text-align: left; text-indent: -139.7pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 72pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 139.7pt; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">lharris@polsinelli.com</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.7pt; text-align: left; text-indent: -139.7pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 201; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_110"></A><B>10.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Governing Law; Jurisdiction; Waiver of Jury Trial</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Parties agree that this Agreement shall be governed by and construed in all respects in accordance with the Laws of
the State of Arkansas without regard to any conflict of Laws or choice of Law principles that might otherwise refer construction
or interpretation of this Agreement to the substantive Law of another jurisdiction (except that matters relating to the fiduciary
duties of the board of directors of Landrum shall be subject to the Laws of the State of Missouri).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Party agrees that it will bring any action or proceeding in respect of any claim arising out of or related to this
Agreement or the transactions contemplated hereby exclusively in any federal or state court of competent jurisdiction located
in the State of Arkansas (the &ldquo;<U>Chosen Courts</U>&rdquo;), and, solely in connection with claims arising under this Agreement
or the transactions that are the subject of this Agreement, (i) irrevocably submits to the exclusive jurisdiction of the Chosen
Courts, (ii) waives any objection to laying venue in any such action or proceeding in the Chosen Courts, (iii) waives any objection
that the Chosen Courts are an inconvenient forum or do not have jurisdiction over any party and (iv) agrees that service of process
upon such party in any such action or proceeding will be effective if notice is given in accordance with Section 10.8.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED
AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR OTHER PROCEEDING DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES
AND ACKNOWLEDGES THAT: (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SUIT OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH PARTY
UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH
PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
10.9.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_111"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>10.10.&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Counterparts; Signatures.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which together
shall constitute one and the same instrument. This Agreement and any signed agreement or instrument entered into in connection
with this Agreement, and any amendments or waivers hereto or thereto, to the extent signed and delivered by means of a facsimile
machine or by e-mail delivery of a &ldquo;.pdf&rdquo; format data file, shall be treated in all manner and respects as an original
agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version
thereof delivered in person. No Party or to any such agreement or instrument shall raise the use of a facsimile machine or e-mail
delivery of a &ldquo;.pdf&rdquo; format data file to deliver a signature to this Agreement or any amendment or waiver hereto or
any agreement or instrument entered into in connection with this Agreement or the fact that any signature or agreement or instrument
was transmitted or communicated through the use of a facsimile machine or e-mail delivery of a &ldquo;.pdf&rdquo; format data
file as a defense to the formation of a contract and each Party forever waives any such defense.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><A NAME="a_112"></A>10.11.&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Captions; Articles and Sections.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
captions contained in this Agreement are for reference purposes only and are not part of this Agreement. Unless otherwise indicated,
all references to particular Articles or Sections shall mean and refer to the referenced Articles and Sections of this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 202; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->69<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_113"></A><B>10.12.&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Interpretations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Neither
this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against any Party, whether under any rule
of construction or otherwise. No Party shall be considered the draftsman. The Parties acknowledge and agree that this Agreement
has been reviewed, negotiated, and accepted by all Parties and their attorneys and, unless otherwise defined herein, the words
used shall be construed and interpreted according to their ordinary meaning so as fairly to accomplish the purposes and intentions
of all Parties.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><A NAME="a_114"></A><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>10.13.&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Enforcement of Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement was not performed
in accordance with its specific terms or was otherwise breached and that money damages would be both incalculable and an insufficient
remedy for any breach of this Agreement. It is accordingly agreed that the Parties shall be entitled, without the requirement
of posting bond, to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and
provisions hereof in any court of the United States or any state having jurisdiction, this being in addition to any other remedy
to which they are entitled at law or in equity. Each of the Parties waives any defense in any action for specific performance
that a remedy at law would be adequate.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A NAME="a_115"></A><B>10.14.&nbsp;&nbsp;&nbsp;
</B></FONT><FONT STYLE="font-size: 10pt">Severability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Any
term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective
to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions
of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other
jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be
only so broad as is enforceable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>[signatures
on following page]</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 203; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->70<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>IN
WITNESS WHEREOF</B>, each of the Parties has caused this Agreement to be executed on its behalf by its duly authorized officers
as of the day and year first above written.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt"><B>SIMMONS FIRST NATIONAL CORPORATION</B></FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 46%">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ George A. Makris,
    Jr.</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: George A. Makris,
    Jr.</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: Chairman and Chief
    Executive Officer</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>THE LANDRUM COMPANY</B></FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Kevin D. Gibbens</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: Kevin D. Gibbens</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: Chief Executive
    Officer</FONT></TD>
    </TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<!-- Field: Page; Sequence: 204; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->71<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><A NAME="annex_002" TITLE="annex_b"></A><B>Annex B</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">SUPPORT
AND NON-COMPETITION AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
SUPPORT AND NON-COMPETITION AGREEMENT, dated as of [July 30], 2019 (this &ldquo;<U>Agreement</U>&rdquo;), by and among Simmons
First National Corporation (&ldquo;<U>Simmons</U>&rdquo;), an Arkansas corporation, The Landrum Company (&ldquo;<U>Landrum</U>&rdquo;),
a Missouri corporation, and the undersigned shareholder[ and director] (the &ldquo;<U>Individual</U>&rdquo;) of Landrum.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt">W
I T N E S S E T H:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">WHEREAS,
concurrently with the execution of this Agreement, Simmons and Landrum are entering into an Agreement and Plan of Merger, dated
as of the date hereof (as amended, supplemented, restated or otherwise modified from time to time, the &ldquo;<U>Merger Agreement</U>&rdquo;),
pursuant to which, among other things, Landrum will merge with and into Simmons, with Simmons as the surviving corporation (the
&ldquo;<U>Merger</U>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">WHEREAS,
as of the date hereof, the Individual is a [director][shareholder] of Landrum and has Beneficial Ownership of, in the aggregate,
those shares of Class A Voting Stock, $0.01 par value per share, of Landrum (&ldquo;<U>Landrum Common Stock</U>&rdquo;) specified
on <U>Schedule 1</U> attached hereto, which, by virtue of the Merger, will be converted into the right to receive shares of Simmons
Common Stock (as such term is defined in the Merger Agreement), and therefore the Merger is expected to be of substantial benefit
to the Individual;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">WHEREAS,
as a material inducement to Simmons entering into the Merger Agreement, Simmons has requested that the Individual agree, and the
Individual has agreed, to enter into this Agreement and abide by the covenants and obligations set forth herein; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">WHEREAS,
other individuals, as a material inducement to Simmons entering into the Merger Agreement, will enter into and abide by the covenants
and obligations set forth in substantially similar support and non-competition agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">NOW
THEREFORE, in consideration of the foregoing and the mutual representations, warranties, covenants and agreements herein contained,
and intending to be legally bound hereby, the parties hereto agree as follows:</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">ARTICLE
I<BR>
General</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Defined Terms</U>. The following capitalized terms, as used in this Agreement, shall have the meanings set forth below.
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Merger Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Affiliate</U>&rdquo;
of a Person means any other Person directly, or indirectly through one or more intermediaries, controlling, controlled by or under
common control with such Person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Beneficial
Ownership</U>&rdquo; by a Person of any securities means ownership by any Person who, directly or indirectly, through any contract,
arrangement, understanding, relationship or otherwise, has or shares (i) voting power which includes the power to vote, or to
direct the voting of, such security; and/or (ii) investment power which includes the power to dispose, or to direct the disposition,
of such security; and shall otherwise be interpreted in accordance with the term &ldquo;beneficial ownership&rdquo; as defined
in Rule 13d-3 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended; provided,
that for purposes of determining Beneficial Ownership, a Person shall be deemed to be the Beneficial Owner of any securities</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 205; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><FONT STYLE="font-size: 10pt">which
such Person has, at any time during the term of this Agreement, the right to acquire pursuant to any agreement, arrangement or
understanding or upon the exercise of conversion rights, exchange rights, warrants or options, or otherwise (irrespective of whether
the right to acquire such securities is exercisable immediately or only after the passage of time, including the passage of time
in excess of 60 days, the satisfaction of any conditions, the occurrence of any event or any combination of the foregoing). The
terms &ldquo;<U>Beneficially Own</U>&rdquo; and &ldquo;<U>Beneficially Owned</U>&rdquo; shall have a correlative meaning.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Business</U>&rdquo;
means the business of acting as a commercial, community or retail banking business, including but not limited to entities which
lend money and take deposits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>control</U>&rdquo;
(including the terms &ldquo;<U>controlling</U>&rdquo;, &ldquo;<U>controlled by</U>&rdquo; and &ldquo;<U>under common control with</U>&rdquo;),
with respect to the relationship between or among two or more Persons, means (i) the ownership, control, or power to vote 25 percent
or more of any class of voting securities of the other Person, (ii) control in any manner of the election of a majority of the
directors, trustees, managing members or general partners of the other Person, or (iii) the possession, directly or indirectly,
of the power to exercise a controlling influence over the management or policies of the other Person, whether through the ownership
of voting securities, as trustee or executor, by Contract or any other means.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Constructive
Sale</U>&rdquo; means, with respect to any security, a short sale with respect to such security, entering into or acquiring an
offsetting derivative Contract with respect to such security, entering into or acquiring a futures or forward Contract to deliver
such security or entering into any other hedging or other derivative transaction that has the effect of either directly or indirectly
materially changing the economic benefits and risks of ownership of any security.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Covered
Shares</U>&rdquo; means, with respect to the Individual, the Individual&rsquo;s Existing Shares, together with any shares of Landrum
Common Stock or other capital stock of Landrum and any securities convertible into or exercisable or exchangeable for shares of
Landrum Common Stock or other capital stock of Landrum, in each case that the Individual acquires Beneficial Ownership of on or
after the date hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Encumbrance</U>&rdquo;
means any security interest, pledge, mortgage, lien (statutory or other), charge, option to purchase, lease or other right to
acquire any interest or any claim, restriction, covenant, title defect, hypothecation, assignment, deposit arrangement or other
encumbrance of any kind or any preference, priority or other security agreement or preferential arrangement of any kind or nature
whatsoever (including any conditional sale or other title retention agreement), excluding restrictions under Securities Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Existing
Shares</U>&rdquo; means, with respect to the Individual, all shares of Landrum Common Stock Beneficially Owned by the Individual
as specified on <U>Schedule 1</U> hereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Permitted
Transfer</U>&rdquo; means a Transfer (i) as the result of the death of the Individual by the Individual to a descendant, heir,
executor, administrator, testamentary trustee, lifetime trustee or legatee of the Individual, (ii) Transfers to Affiliates (including
trusts) and family members in connection with estate and tax planning purposes, and (iii) Transfers to any other shareholder and
director and/or executive officer of Landrum who has executed a copy of this Agreement or similar support and non-competition
agreement on the date hereof; provided, that in each case prior to the effectiveness of such Transfer, such transferee executes
and delivers to Simmons and Landrum an agreement that is identical to this Agreement or such other written agreement, in form
and substance acceptable to Simmons and Landrum, to assume all of Individual&rsquo;s obligations hereunder in respect of the Covered
Shares subject to such Transfer and to be bound by the terms of this Agreement, with respect to the Covered Shares subject to
such Transfer, to the same extent as the Individual is bound hereunder and to make each of the representations and warranties
hereunder in respect of the Covered Shares transferred as the Individual shall have made hereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 206; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Person</U>&rdquo;
means a natural person or any legal, commercial or governmental entity, such as, but not limited to, a corporation, general partnership,
joint venture, limited partnership, limited liability company, limited liability partnership, trust, business association, group
acting in concert, or any person acting in a Representative capacity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Representatives</U>&rdquo;
means, with respect to any Person, any officer, director, employee, investment banker, financial or other advisor, attorney, auditor,
accountant, consultant, or other representative or agent of or engaged or retained by such Person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Restricted
Period</U>&rdquo; has the meaning set forth in <U>Section </U>2.3(a) hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Transfer</U>&rdquo;
means, with respect to any security, the direct or indirect assignment, sale, transfer, tender, exchange, pledge, hypothecation,
or the grant, creation or suffrage of an Encumbrance in or upon, or the gift, placement in trust, or the Constructive Sale or
other disposition of such security (including transfers by testamentary or intestate succession or otherwise by operation of Law)
or any right, title or interest therein (including, but not limited to, any right or power to vote to which the holder thereof
may be entitled, whether such right or power is granted by proxy or otherwise), or the record or Beneficial Ownership thereof,
the offer to make such a sale, transfer, Constructive Sale or other disposition, and each agreement, arrangement or understanding,
whether or not in writing, to effect any of the foregoing (other than a proxy for the purpose of voting the Individual&rsquo;s
Covered Shares in accordance with Section 2.1 hereof).</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">ARTICLE
II<BR>
COVENANTS OF INDIVIDUAL</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Agreement to Vote</U>. The Individual hereby irrevocably and unconditionally agrees that during the term of this Agreement,
at Landrum&rsquo;s Shareholders&rsquo; Meeting or at any other meeting of the shareholders of Landrum, however called, including
any adjournment or postponement thereof, and in connection with any written consent of the shareholders of Landrum, the Individual
shall, in each case to the fullest extent that such matters are submitted for the vote or written consent of the Individual and
that the Covered Shares are entitled to vote thereon or consent thereto:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>appear at each such meeting or otherwise cause the Covered Shares as to which the Individual controls the right to vote
to be counted as present thereat for purposes of calculating a quorum; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>vote (or cause to be voted), in person or by proxy, or deliver (or cause to be delivered) a written consent covering, all
of the Covered Shares as to which the Individual controls the right to vote:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>in favor of the adoption and approval of the Merger Agreement and the consummation of the transactions contemplated thereby,
including the Merger, and any actions required in furtherance thereof;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>against any action or agreement that could result in a breach of any covenant, representation or warranty or any other
obligation of Landrum under the Merger Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>against any Acquisition Proposal; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>against any action, agreement, amendment to any agreement or organizational document, transaction, matter or proposal submitted
for the vote or written consent of the shareholders of Landrum that is intended or would reasonably be expected to impede, interfere
with, prevent, delay, postpone, discourage, disable, frustrate the purposes of or adversely affect the Merger or the other transactions
contemplated by the Merger Agreement or this Agreement or the performance by Landrum of its obligations under the Merger Agreement
or by the Individual of his or her obligations under this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 207; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Inconsistent Agreements</U>. The Individual hereby covenants and agrees that, except for this Agreement, the Individual
(a) has not entered into, and shall not enter into at any time while this Agreement remains in effect, any voting agreement or
voting trust or any other Contract with respect to the Covered Shares, (b) has not granted, and shall not grant at any time while
this Agreement remains in effect, a proxy, Consent or power of attorney with respect to the Covered Shares, (c) will not commit
any act, except for Permitted Transfers, that could restrict or affect his or her legal power, authority and right to vote any
of the Covered Shares then held of record or Beneficially Owned by the Individual or otherwise prevent or disable the Individual
from performing any of his or her obligations under this Agreement, and (d) has not taken and shall not take any action that would
make any representation or warranty of the Individual contained herein untrue or incorrect or have the effect of impeding, interfering
with, preventing, delaying, postponing, discouraging, disabling or adversely affecting the Individual&rsquo;s performance of any
of his or her obligations under this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Non-Competition</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Individual hereby covenants and agrees that, for a period commencing on the Closing Date and terminating on the second
anniversary of the Closing Date (the &ldquo;<U>Restricted Period</U>&rdquo;), such Individual shall not within 50 miles of any
branch or other office of Landmark Bank in operation as of the date of this Agreement, directly or indirectly, either for him
or herself or for any other Person other than for Simmons or its Affiliates, participate in any business (including, without limitation,
any division, group or franchise of a larger organization) that engages (or proposes to engage) in the Business; provided, that
if as of the date hereof the Individual holds not more than a 5% direct or indirect equity interest in such Person, then the Individual
may retain (but not increase) such ownership interest without being deemed to &ldquo;participate&rdquo; in the Business conducted
by such Person. For purposes of this Agreement, the term &ldquo;participate&rdquo; shall mean having more than 5% direct or indirect
ownership interest in any Person, whether as a sole proprietor, investor, owner, equity holder, partner, member, manager, joint
venturer, creditor or otherwise, or rendering any direct or indirect service or assistance to any Person (whether as a director,
officer, manager, member, supervisor, employee, agent, or otherwise), with respect to the Business. Further notwithstanding the
foregoing, the limitations set forth above shall not be effective with regard to service by the Individual with respect to consulting
or other professional (but not banking) services in a manner that is consistent with the same kinds of consulting or other professional
services provided by the Individual at any time during the two years prior to the date of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Individual covenants and agrees that during the Restricted Period, the Individual shall not directly or indirectly,
as employee, agent, consultant, director, equity holder, member, manager, partner or in any other capacity, without Simmons&rsquo;s
prior written consent (other than for the benefit of Simmons or its Affiliates), solicit, call upon, communicate with or attempt
to communicate (whether by mail, telephone, electronic mail, personal meeting or any other means, excluding general solicitations
of the public that are not based in whole or in part on any list of customers of Landrum or any of its Affiliates) with any Person
that is or was a customer of Landrum or any of its Affiliates during the one-year period preceding the Closing Date for the purpose
of engaging in opportunities related to the Business or contracts related to the Business or, except in the ordinary course of
conducting the business described in <U>Schedule 2</U>, interfere with or damage (or attempt to interfere with or damage) any
relationship between Landrum or its Affiliates and any such customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Individual covenants and agrees that during the Restricted Period, such Individual shall not directly or indirectly,
as employee, agent, consultant, director, equity holder, member, manager, partner or in any other capacity, without Simmons&rsquo;
prior written consent, employ, engage, recruit, hire, solicit or induce, or cause others to solicit or induce, for employment
or engagement, any employee of Landrum or its Affiliates (excluding general solicitations of the public that are not based on
any list of, or directed at, employees of Landrum or its Affiliates).</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 208; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">ARTICLE
III<BR>
REPRESENTATIONS AND WARRANTIES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties of the Individual</U>. The Individual hereby represents and warrants to Landrum and Simmons
as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Organization; Authorization; Validity of Agreement; Necessary Action</U>. The Individual has the requisite power, capacity
and authority to execute and deliver this Agreement, to perform his or her obligations hereunder and to consummate the transactions
contemplated hereby. This Agreement has been duly and validly executed and delivered by the Individual and, assuming this Agreement
constitutes a valid and binding obligation of the other parties hereto, constitutes a legal, valid and binding obligation of the
Individual, enforceable against him or her in accordance with its terms (except as may be limited by the Bankruptcy and Equity
Exceptions).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Ownership</U>. Except for the Covered Shares, the Individual is not the Beneficial Owner or registered owner of any
other shares of Landrum Common Stock or rights to acquire Landrum Common Stock. The Existing Shares are, and all of the Covered
Shares owned by the Individual from the date hereof through and on the Closing Date will be, Beneficially Owned and owned of record
by the Individual except to the extent such Covered Shares are Transferred after the date hereof pursuant to a Permitted Transfer.
From the date hereof through and on the Closing Date, the Individual has and will have good and marketable title to the Existing
Shares, free and clear of any Encumbrances. As of the date hereof, the Individual has and will have at all times through the Closing
Date sole voting power (including the right to control such vote as contemplated herein), sole power of disposition, sole power
to issue instructions with respect to the matters set forth in ARTICLE II hereof, and sole power to agree to all of the matters
set forth in this Agreement, in each case with respect to all of the Individual&rsquo;s Existing Shares and with respect to all
of the Covered Shares owned by the Individual at all times through the Closing Date. The Individual has possession of an outstanding
certificate or outstanding certificates representing all of the Covered Shares (other than Covered Shares held at the Depository
Trust Company and/or in book-entry form) and such certificate or certificates does or do not contain any legend or restriction
inconsistent with the terms of this Agreement, the Merger Agreement or the transactions contemplated hereby and thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Violation</U>. The execution and delivery of this Agreement by the Individual does not, and the performance by the
Individual of his or her obligations under this Agreement and the consummation by him or her of the transactions contemplated
hereby will not, (i) conflict with or violate, or require any Consent pursuant to, any Law or Order applicable to the Individual
or by which any of his or her Assets is bound, or (ii) conflict with, result in any Default, require any Consent pursuant to or
result in the creation of any Encumbrance on the Assets of the Individual pursuant to, any Contract to which the Individual is
a party or by which the Individual or any of his or her Assets or Covered Shares are bound.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Consents and Approvals</U>. No Consent of the Individual&rsquo;s spouse is necessary under any &ldquo;community property&rdquo;
or other laws in order for the Individual to enter into and perform his or her obligations under this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Legal Proceedings</U>. There is no Litigation pending or, to the knowledge of the Individual, threatened against or
affecting the Individual or any of his or her Affiliates that could reasonably be expected to impair the ability of the Individual
to perform his or her obligations hereunder or to consummate the transactions contemplated hereby on a timely basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Reliance by Simmons</U>. The Individual understands and acknowledges that Simmons is entering into the Merger Agreement
in reliance upon the Individual&rsquo;s execution and delivery of this Agreement and the representations and warranties of Individual
contained herein.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 209; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">ARTICLE
IV<BR>
OTHER COVENANTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Prohibition on Transfers; Other Actions</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Until the earlier of the receipt of the Landrum Shareholder Approval or the date on which the Merger Agreement is terminated
in accordance with its terms, the Individual hereby agrees not to (i) Transfer any of the Covered Shares or any other interest
specifically in the Covered Shares unless such Transfer is a Permitted Transfer; (ii) enter into any Contract with any Person,
or take any other action, that violates or conflicts with or would reasonably be expected to violate or conflict with, or result
in or give rise to a violation of or conflict with, the Individual&rsquo;s representations, warranties, covenants and obligations
under this Agreement; (iii) except as otherwise permitted by this Agreement or by Order, take any action that could restrict or
otherwise affect the Individual&rsquo;s legal power, authority and right to vote all of the Covered Shares then Beneficially Owned
by him or her in accordance with this Agreement, or otherwise comply with and perform his or her covenants and obligations under
this Agreement; or (iv) publicly announce any intention to do any of the foregoing. Any Transfer in violation of this provision
shall be void. Following the date hereof, Landrum shall notify its transfer agent that there is a stop transfer order with respect
to all of the Covered Shares until the termination of this Agreement and that this Agreement places limits on the voting of the
Covered Shares subject to the provisions of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Individual understands and agrees that if the Individual attempts to Transfer, vote or provide any other Person with
the authority to vote any of the Covered Shares other than in compliance with this Agreement, Landrum shall not, and the Individual
hereby unconditionally and irrevocably instructs Landrum to not (i) permit such Transfer on its books and records, (ii) issue
a new certificate representing any of the Covered Shares, or (iii) record such vote unless and until the Individual shall have
complied with the terms of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Statements</U>. The Individual shall not make any statement, written or oral, to the effect that he or she does not
support the Merger or that other shareholders of Landrum should not support the Merger.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certain Events</U>. The Individual agrees that this Agreement and the obligations hereunder shall attach to the Covered
Shares and shall be binding upon any Person to which legal or Beneficial Ownership of the Covered Shares shall pass, whether by
operation of Law or otherwise, including the Individual&rsquo;s successors or assigns. In the event of a stock split, stock dividend,
merger (other than the Merger), exchange, reorganization, recapitalization or distribution, or any change in the capital structure
of Landrum affecting the Landrum Common Stock, the terms &ldquo;Existing Shares&rdquo; and &ldquo;Covered Shares&rdquo; shall
be deemed to refer to and include such shares as well as all such additional securities of Landrum and any securities into which
or for which any or all of such securities may be changed or exchanged or which are received in such transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notice of Acquisitions, etc</U>. The Individual hereby agrees to notify Landrum as promptly as practicable (and in any
event within two Business Days after receipt) in writing of (i) the number of any additional shares of Landrum Common Stock or
other securities of Landrum of which the Individual acquires Beneficial Ownership on or after the date hereof and (ii) any proposed
Permitted Transfers of the Covered Shares, Beneficial Ownership thereof or other interest specifically therein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Non-Solicit</U>. In his or her capacity as a shareholder of Landrum, and not in his or her capacity as a [director][officer]
of Landrum, the Individual shall not, and shall use his or her reasonable best efforts to cause his or her Affiliates and each
of their respective Representatives not to, directly or indirectly, (a) solicit, initiate, encourage (including by providing information
or assistance), facilitate or induce any Acquisition Proposal, (b) engage or participate in any discussions or negotiations regarding,
or furnish or cause to be furnished to any Person any information or data in connection with, or take any other action to facilitate
any inquiries or the making of any offer or proposal that constitutes, or may reasonably be expected to lead to, an Acquisition
Proposal, (c) adopt, approve, agree to, accept, endorse or recommend any Acquisition Proposal, (d) solicit </FONT></P>

<!-- Field: Page; Sequence: 210; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left"><FONT STYLE="font-size: 10pt">proxies or become a
&ldquo;participant&rdquo; in a &ldquo;solicitation&rdquo; (as such terms are defined in the Exchange Act) with respect to an Acquisition
Proposal or otherwise encourage or assist any party in taking or planning any action that would reasonably be expected to compete
with, restrain or otherwise serve to interfere with or inhibit the timely consummation of the Merger in accordance with the terms
of the Merger Agreement, (e) initiate a shareholders&rsquo; vote or action by consent of Landrum&rsquo;s shareholders with respect
to an Acquisition Proposal, (f) except by reason of this Agreement, become a member of a &ldquo;group&rdquo; (as such term is
used in Section 13(d) of the Exchange Act) with respect to any voting securities of Landrum that takes any action in support of
an Acquisition Proposal, or (g) approve, endorse, recommend, agree to or accept, or propose to approve, endorse, recommend, agree
to or accept, any Acquisition Agreement contemplating or otherwise relating to any Acquisition Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Waiver of Appraisal Rights</U>. To the fullest extent permitted by applicable Law, the Individual hereby waives any
rights of appraisal he or she may have under applicable Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">4.6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Further Assurances</U>. From time to time, at the request of Simmons and Landrum and without further consideration,
the Individual shall execute and deliver such additional documents and take all such further action as may be reasonably necessary
to effect the actions and consummate the transactions contemplated by this Agreement. Without limiting the foregoing, the Individual
hereby authorizes Simmons and Landrum to publish and disclose in any announcement or disclosure related to the Merger Agreement,
including the Proxy Statement/Prospectus, the Individual&rsquo;s identity and Beneficial Ownership of the Covered Shares and the
nature of the Individual&rsquo;s obligations under this Agreement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">ARTICLE
V<BR>
MISCELLANEOUS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination</U>. This Agreement shall remain in effect until the earlier to occur of (a) the Closing and (b) the date
of termination of the Merger Agreement in accordance with its terms; provided, that (i) if the Closing occurs, the provisions
of <U>Section </U>2.3 shall survive until the end of the Restricted Period, and (ii) the provisions of ARTICLE V shall survive
any termination of this Agreement. Nothing in this <U>Section </U>5.1 and no termination of this Agreement shall relieve or otherwise
limit any party of liability for fraud, or willful or intentional breach of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Ownership Interest</U>. Nothing contained in this Agreement shall be deemed to vest in Simmons or Landrum any direct
or indirect ownership or incidence of ownership of or with respect to any Covered Shares. All rights, ownership and economic benefits
of and relating to the Covered Shares, if any, shall remain vested in and belong to the Individual, and Simmons or Landrum shall
not have any authority to direct the Individual in the voting or disposition of any of the Covered Shares, except as otherwise
provided herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notices</U>. All notices or other communications which are required or permitted hereunder shall be in writing and sufficient
if delivered by hand, by facsimile transmission (followed by overnight courier), by registered or certified mail, postage pre-paid,
or by courier or overnight carrier, or by email (with receipt confirmed) to the persons at the addresses set forth below (or at
such other address as may be provided hereunder), and shall be deemed to have been delivered as of the date so delivered:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Simmons:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Simmons
First National Corporation</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">601
E. 3<SUP>rd</SUP> Street, 12<SUP>th</SUP> Floor</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Little
Rock, Arkansas 72201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Facsimile
Number: (870) 850-2605</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Attention:
George A. Makris, Jr., Chairman &amp; CEO</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Email:
george.makris@simmonsbank.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 211; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">with
a copy to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Simmons
First National Corporation</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">601
E. 3<SUP>rd</SUP> Street, 12<SUP>th</SUP> Floor</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Little
Rock, Arkansas 72201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Facsimile
Number: (501) 558-3145</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Attention:
Patrick A. Burrow, EVP &amp; General Counsel</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Email:
pat.burrow@simmonsbank.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Covington
&amp; Burling LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">One
CityCenter</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">850
Tenth Street, NW</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Washington,
DC 20001</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Facsimile
Number: (202) 778-5988</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Attention:
Frank M. Conner III</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Email:
rconner@cov.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Attention:
Michael P. Reed</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Email:
mreed@cov.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Landrum:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-indent: -139.5pt"><FONT STYLE="font-size: 10pt">The
Landrum Company</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-indent: -139.5pt"><FONT STYLE="font-size: 10pt">801
East Broadway</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 211.5pt; text-indent: -139.5pt"><FONT STYLE="font-size: 10pt">Columbia,
Missouri 65201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Facsimile
Number: 573-875-1468<BR>
Attention: Kevin D. Gibbens<BR>
Email:&nbsp;kevin.gibbens@landmarkbank.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2in 0 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2in 0 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2in 12pt 1in"><FONT STYLE="font-size: 10pt">Copy to Counsel:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Polsinelli
PC<BR>
100 South Fourth Street<BR>
St. Louis, Missouri 63102<BR>
Facsimile Number: 314-622-6701<BR>
Attention: Kenneth H. Suelthaus</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Email:
ksuelthaus@polsinelli.com<BR>
Attention: Larry K. Harris</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Email:
lharris@polsinelli.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> if to the Individual, to those persons indicated on <U>Schedule 1</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Interpretation</U>. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against
any party hereto, whether under any rule of construction or otherwise. No party to this Agreement shall be considered the draftsman.
The parties hereto acknowledge and agree that this Agreement has been reviewed, negotiated, and accepted by all parties hereto
and their attorneys and, unless otherwise defined herein, the words used shall be construed and interpreted according to their
ordinary meaning so as fairly to accomplish the purposes and intentions of all parties hereto. Section headings of this Agreement
are for reference purposes only and are to be given no effect in the construction or interpretation of this Agreement. Whenever
the context may require, any pronoun used herein shall include the corresponding masculine, feminine or neuter forms. Whenever
the words &ldquo;include,&rdquo; &ldquo;includes&rdquo; or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed
to be followed by the words &ldquo;without limitation.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 212; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Counterparts; Signatures</U>. This Agreement may be executed in two or more counterparts, each of which shall be deemed
to be an original, but all of which together shall constitute one and the same instrument. This Agreement and any signed agreement
or instrument entered into in connection with this Agreement, and any amendments or waivers hereto or thereto, to the extent signed
and delivered by means of a facsimile machine or by e- mail delivery of a &ldquo;.pdf&rdquo; format data file, shall be treated
in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect
as if it were the original signed version thereof delivered in person. No party hereto or to any such agreement or instrument
shall raise the use of a facsimile machine or e-mail delivery of a &ldquo;.pdf&rdquo; format data file to deliver a signature
to this Agreement or any amendment or waiver hereto or any agreement or instrument entered into in connection with this Agreement
or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine
or e-mail delivery of a &ldquo;.pdf&rdquo; format data file as a defense to the formation of a contract and each party hereto
forever waives any such defense.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Entire Agreement</U>. This Agreement and, to the extent referenced herein, the Merger Agreement, together with the several
agreements and other documents and instruments referred to herein or therein or annexed hereto or thereto, embody the complete
agreement and understanding among the parties hereto with respect to the subject matter hereof and supersede and preempt any prior
understandings, arrangements, agreements or representations by or among the parties hereto, written and oral, that may have related
to the subject matter hereof in any way.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Governing Law; Jurisdiction; Waiver of Jury Trial</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The parties hereto agree that this Agreement shall be governed by and construed in all respects in accordance with the
Laws of the State of Arkansas without regard to any conflict of Laws or choice of Law principles that might otherwise refer construction
or interpretation of this Agreement to the substantive Law of another jurisdiction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each party hereto agrees that it will bring any action or proceeding in respect of any claim arising out of or related
to this Agreement or the transactions contemplated hereby exclusively in any federal or state court of competent jurisdiction
located in the State of Arkansas (the &ldquo;<U>Chosen Courts</U>&rdquo;), and, solely in connection with claims arising under
this Agreement or the transactions that are the subject of this Agreement, (i) irrevocably submits to the exclusive jurisdiction
of the Chosen Courts, (ii) waives any objection to laying venue in any such action or proceeding in the Chosen Courts, (iii) waives
any objection that the Chosen Courts are an inconvenient forum or do not have jurisdiction over any party and (iv) agrees that
service of process upon such party in any such action or proceeding will be effective if notice is given in accordance with <U>Section
5.3</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED
AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR OTHER PROCEEDING DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES
AND ACKNOWLEDGES THAT: (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SUIT OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH PARTY
UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH
PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <U>SECTION
5.7</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 213; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Amendment; Waiver</U>. To the extent permitted by Law, this Agreement may be amended or waived by a subsequent writing
signed by each of the parties hereto upon the approval of each of the parties hereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Enforcement of Agreement</U>. The parties hereto agree that irreparable damage would occur in the event that any of
the provisions of this Agreement was not performed in accordance with its specific terms or was otherwise breached and that money
damages would be both incalculable and an insufficient remedy for any breach of this Agreement. It is accordingly agreed that
the parties hereto shall be entitled, without the requirement of posting bond, to an injunction or injunctions to prevent breaches
of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any state having
jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity. Each of the parties hereto
waives any defense in any action for specific performance that a remedy at law would be adequate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Severability</U>. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall,
as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable
the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions
of this Agreement in any other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision
shall be interpreted to be only so broad as is enforceable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Assignment</U>. Except as expressly contemplated hereby, neither this Agreement nor any of the rights, interests or
obligations hereunder shall be assigned by any party hereto (whether by operation of Law or otherwise) without the prior written
consent of the other parties hereto. Any purported assignment in contravention hereof shall be null and void. Subject to the preceding
sentences, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties hereto and their respective
successors and assigns.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Third Party Beneficiaries</U>. Nothing in this Agreement (including the documents and instruments referred to herein)
expressed or implied, is intended to confer upon any Person, other than the parties hereto or their respective successors, any
rights, remedies, obligations, or liabilities under or by reason of this Agreement. The representations and warranties in this
Agreement are the product of negotiations among the parties hereto and are for the sole benefit of the parties hereto. Any inaccuracies
in such representations and warranties are subject to waiver by the parties hereto in accordance herewith without notice or liability
to any other Person. In some instances, the representations and warranties in this Agreement may represent an allocation among
the parties hereto of risks associated with particular matters regardless of the knowledge of any of the parties hereto. Consequently,
Persons other than the parties hereto may not rely upon the representations and warranties in this Agreement as characterizations
of actual facts or circumstances as of the date of this Agreement or as of any other date. Notwithstanding any other provision
hereof to the contrary, no Consent, approval or agreement of any third party beneficiary will be required to amend, modify to
waive any provision of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.13.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>[Individual Capacity</U>. The Individual is signing this Agreement solely in his or her capacity as a Beneficial Owner
of Landrum Common Stock, and nothing herein shall prohibit, prevent or preclude the Individual from taking or not taking any action
in the Individual&rsquo;s capacity as an [officer][director] of Landrum to the extent permitted by the Merger Agreement.]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt">[Remainder
of this page intentionally left blank]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 214; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed (where applicable, by their respective officers or
other authorized Person thereunto duly authorized) as of the date first written above.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold">SIMMONS FIRST NATIONAL CORPORATION</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 50%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 30%"></TD>
    <TD STYLE="white-space: nowrap; width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">By: __________________________</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">Name:</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">Title:</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font-weight: bold">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font-weight: bold">THE LANDRUM COMPANY</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">By: __________________________</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">Name:</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">Title:</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap"></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font-weight: bold">INDIVIDUAL</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap"> ______________________________</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">Name:&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 215 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><U>Schedule
1</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt">Number
of Existing Shares and Notice Information</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: bottom; width: 50%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-size: 10pt">Name</FONT></TD>
    <TD STYLE="vertical-align: top; width: 2%; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 48%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt; text-align: center"><FONT STYLE="font-size: 10pt">Existing
    Shares</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">______________________________</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; padding-left: 5.75pt; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">_______________________________</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 40%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="text-align: left">Address for notice:&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 32%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">Name:&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-bottom: 1pt">Street:</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: left">City, State:</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: left">ZIP Code:</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">Telephone:</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">Fax:</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">Email:</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">&nbsp;</TD>
    </TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 216 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><U>Schedule
2</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt">[None.]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<!-- Field: Page; Sequence: 217; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Annex C</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 66px; width: 337px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">July 30, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Landrum Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">801
East Broadway</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Columbia, MO 65201</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Members of the Board:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">You have requested the
opinion of Keefe, Bruyette &amp; Woods, Inc. (&ldquo;KBW&rdquo; or &ldquo;we&rdquo;) as investment bankers as to the fairness,
from a financial point of view, to the common shareholders of The Landrum Company (&ldquo;Landrum&rdquo;) of the Exchange Ratio
(as defined below) in the proposed merger (the &ldquo;Merger&rdquo;) of Landrum with and into Simmons First National Corporation
(&ldquo;Simmons&rdquo;), pursuant to the Agreement and Plan of Merger (the &ldquo;Agreement&rdquo;) to be entered into by and between
Landrum and Simmons. Pursuant to the Agreement and subject to the terms, conditions and limitations set forth therein, at the Effective
Time (as defined in the Agreement), by virtue of the Merger and without any action on the part of Simmons, Landrum or the shareholders
thereof, each share of Class A common voting stock, par value $0.01 per share, and Class B common nonvoting stock, par value $0.01
per share, of Landrum (collectively, &ldquo;Landrum Common Stock&rdquo;) issued and outstanding immediately prior to the Effective
Time (other than Canceled Shares and the Landrum Dissenting Shares (each as defined in the Agreement)), shall be converted into
the right to receive 25.502 shares of common stock, par value $0.01 per share, or Simmons (&ldquo;Simmons Common Stock&rdquo;).
The foregoing ratio of 25.502 shares of Simmons Common Stock for one share of Landrum Common Stock is referred to herein as the
&ldquo;Exchange Ratio.&rdquo; The terms and conditions of the Merger are more fully set forth in the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">KBW has acted as financial
advisor to Landrum and not as an advisor to or agent of any other person. As part of our investment banking business, we are continually
engaged in the valuation of bank and bank holding company securities in connection with acquisitions, negotiated underwritings,
secondary distributions of listed and unlisted securities, private placements and valuations for various other purposes. As specialists
in the securities of banking companies, we have experience in, and knowledge of, the valuation of banking enterprises. We and our
affiliates, in the ordinary course of our and their broker-dealer businesses (and further to existing sales and trading relationships
between a KBW broker-dealer affiliate and each of Landrum and Simmons), may from time to time purchase securities from, and sell
securities to, Landrum and Simmons. In addition, as a market maker in securities, we and our affiliates may from time to time have
a long or short position in, and buy or sell, debt or equity securities of Simmons for our and their own respective accounts and
for the accounts of our and their respective customers and clients. KBW employees may also from time to time maintain individual
positions in Simmons. As Landrum has previously been informed by KBW, such positions currently include an individual position in
shares of Simmons Common Stock held by a senior member of the KBW advisory team providing services to Landrum in connection with
the proposed Merger. We have acted exclusively for the board of directors of Landrum (the &ldquo;Board&rdquo;) in rendering this
opinion and will receive a fee from Landrum for our services. A portion of our fee is payable upon the rendering of this opinion,
and a significant portion is contingent upon the successful completion of the Merger. In addition, Landrum has agreed to indemnify
us for certain liabilities arising out of our engagement.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">Keefe, Bruyette &amp;
Woods, A Stifel Company</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">501 North Broadway,
St. Louis MO 63102</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(314) 342-2000 <FONT STYLE="font-family: Wingdings">&#159;</FONT>
www.kbw.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 218; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">The Board of Directors &ndash; The Landrum Company</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">July 30, 2019</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt">Page </FONT>2 <FONT STYLE="font-size: 8pt">of
5</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">Other than in connection
with this present engagement, in the past two years, KBW has not provided investment banking or financial advisory services to
Landrum. In the past two years, KBW has provided investment banking and financial advisory services to Simmons and received compensation
for such services. KBW acted as joint bookrunner in Simmons&rsquo; March 2018 registered offering of subordinated notes and financial
advisor to Simmons in connection with its April 2019 acquisition of Reliance Bancshares, Inc. We may in the future provide investment
banking and financial advisory services to Landrum or Simmons and receive compensation for such services.</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">In connection with this
opinion, we have reviewed, analyzed and relied upon material bearing upon the financial and operating condition of Landrum and
Simmons and bearing upon the Merger, including among other things, the following: (i) a draft of the Agreement dated July 26, 2019
(the most recent draft made available to us); (ii) the audited financial statements for the three fiscal years ended December 31,
2018 of Landrum; (iii) the unaudited quarterly financial statements for the quarters ended June 30, 2019 and March 31, 2019 of
Landrum; (iv) the audited financial statements and Annual Reports on Form 10-K for the three fiscal years ended December 31, 2018
of Simmons; (v) the unaudited quarterly financial statements and Quarterly Report on Form 10-Q for the quarter ended March 31,
2019 and the unaudited quarterly financial statements for the quarter ended June 30, 2019 of Simmons; (vi) certain regulatory filings
of Landrum and Simmons and their respective subsidiaries, including the quarterly reports on Form FR Y-9C and call reports filed
with respect to each quarter during the three- year period ended December 31, 2018 as well as the quarter ended March 31, 2019;
(vii) certain other interim reports and other communications of Landrum and Simmons to their respective shareholders; and (viii)
other financial information concerning the businesses and operations of Landrum and Simmons that was furnished to us by Landrum
and Simmons or which we were otherwise directed to use for purposes of our analyses. Our consideration of financial information
and other factors that we deemed appropriate under the circumstances or relevant to our analyses included, among others, the following:
(i) the historical and current financial position and results of operations of Landrum and Simmons; (ii) the assets and liabilities
of Landrum and Simmons; (iii) the nature and terms of certain other merger transactions and business combinations in the banking
industry; (iv) a comparison of certain financial information for Landrum and certain financial and stock market information for
Simmons with similar information for certain other companies the securities of which are publicly traded; (v) financial and operating
forecasts and projections of Landrum that were prepared by, and provided to us and discussed with us by, Landrum management and
that were used and relied upon by us at the direction of such management and with the consent of the Board; (vi) publicly available
consensus &ldquo;street estimates&rdquo; of Simmons that were discussed with us by Simmons management, as well as assumed long-term
Simmons growth rates provided to us by Landrum management that were discussed with us by Landrum management, all of which information
was used and relied upon by us based on such discussions, at the direction of Landrum management and with the consent of the Board;
and (vii) estimates regarding certain pro forma financial effects of the Merger on Simmons (including, without limitation, the
cost savings and related expenses expected to result or be derived from the Merger) that were prepared by, and provided to and
discussed with us by, Simmons management and that were used and relied upon by us based on such discussions, at the direction of
Landrum management and with the consent of the Board. We have also performed such other studies and analyses as we considered appropriate
and have taken into account our assessment of general economic, market and financial conditions and our experience in other transactions,
as well as our experience in securities valuation and knowledge of the banking industry generally. We have also participated in
discussions held by the managements of Landrum and Simmons regarding the past and current business operations, regulatory relations,
financial condition and future prospects of their respective companies and such other matters as we have deemed relevant to our
inquiry. In addition, we have considered the results of the efforts undertaken by Landrum, with our assistance, to solicit indications
of interest from third parties regarding a potential transaction with Landrum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 219; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">The Board of Directors &ndash; The Landrum Company</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">July 30, 2019</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt">Page </FONT>3 <FONT STYLE="font-size: 8pt">of
5</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">In conducting our review
and arriving at our opinion, we have relied upon and assumed the accuracy and completeness of all of the financial and other information
that was provided to us or that was publicly available and we have not independently verified the accuracy or completeness of any
such information or assumed any responsibility or liability for such verification, accuracy or completeness. We have relied upon
the management of Landrum as to the reasonableness and achievability of the financial and operating forecasts and projections of
Landrum and the assumed long-term Simmons growth rates, all as referred to above (and the assumptions and bases for all such information),
and we have assumed that such information has been reasonably prepared and represent the best currently available estimates and
judgments of such management and that such forecasts and projections will be realized in the amounts and in the time periods currently
estimated by such management. We have further relied, with the consent of Landrum, upon Simmons management as to the reasonableness
and achievability of the publicly available consensus &ldquo;street estimates&rdquo; of Simmons and the estimates regarding certain
pro forma financial effects of the Merger on Simmons (including, without limitation, the cost savings and related expenses expected
to result or be derived from the Merger), all as referred to above (and the assumptions and bases for all such information), and
we have assumed that all such information has been reasonably prepared and represents, or in the case of the Simmons &ldquo;street
estimates&rdquo; referred to above that such estimates are consistent with, the best currently available estimates and judgments
of Simmons management and that the forecasts, projections and estimates reflected in such information will be realized in the amounts
and in the time periods currently estimated.</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">It is understood that the
portion of the foregoing financial information of Landrum and Simmons that was provided to us was not prepared with the expectation
of public disclosure and that all of the foregoing financial information, including the publicly available consensus &ldquo;street
estimates&rdquo; of Simmons referred to above, is based on numerous variables and assumptions that are inherently uncertain (including,
without limitation, factors related to general economic and competitive conditions) and, accordingly, actual results could vary
significantly from those set forth in such information. We have assumed, based on discussions with the respective managements of
Landrum and Simmons and with the consent of the Board, that all such information provides a reasonable basis upon which we could
form our opinion and we express no view as to any such information or the assumptions or bases therefor. We have relied on all
such information without independent verification or analysis and do not in any respect assume any responsibility or liability
for the accuracy or completeness thereof.</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">We also assumed that there
were no material changes in the assets, liabilities, financial condition, results of operations, business or prospects of either
Landrum or Simmons since the date of the last financial statements of each such entity that were made available to us. We are not
experts in the independent verification of the adequacy of allowances for loan and lease losses and we have assumed, without independent
verification and with your consent, that the aggregate allowances for loan and lease losses for Landrum and Simmons are adequate
to cover such losses. In rendering our opinion, we have not made or obtained any evaluations or appraisals or physical inspection
of the property, assets or liabilities (contingent or otherwise) of Landrum or Simmons, the collateral securing any of such assets
or liabilities, or the collectability of any such assets, nor have we examined any individual loan or credit files, nor did we
evaluate the solvency, financial capability or fair value of Landrum or Simmons under any state or federal laws, including those
relating to bankruptcy, insolvency or other matters. Estimates of values of companies and assets do not purport to be appraisals
or necessarily reflect the prices at which companies or assets may actually be sold. Because such estimates are inherently subject
to uncertainty, we assume no responsibility or liability for their accuracy.</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 220; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">The Board of Directors &ndash; The Landrum Company</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">July 30, 2019</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt">Page </FONT>4 <FONT STYLE="font-size: 8pt">of
5</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">We have assumed, in all
respects material to our analyses, the following: (i) that the Merger and any related transactions will be completed substantially
in accordance with the terms set forth in the Agreement (the final terms of which we have assumed will not differ in any respect
material to our analyses from the draft reviewed by us and referred to above) with no adjustments to the Exchange Ratio and with
no other consideration or payments in respect of Landrum Common Stock; (ii) that the representations and warranties of each party
in the Agreement and in all related documents and instruments referred to in the Agreement are true and correct; (iii) that each
party to the Agreement and all related documents will perform all of the covenants and agreements required to be performed by
such party under such documents; (iv) that there are no factors that would delay or subject to any adverse conditions, any necessary
regulatory or governmental approval for the Merger or any related transactions and that all conditions to the completion of the
Merger and any related transaction will be satisfied without any waivers or modifications to the Agreement or any of the related
documents; and (v) that in the course of obtaining the necessary regulatory, contractual, or other consents or approvals for the
Merger and any related transaction, no restrictions, including any divestiture requirements, termination or other payments or
amendments or modifications, will be imposed that will have a material adverse effect on the future results of operations or financial
condition of Landrum, Simmons or the pro forma entity, or the contemplated benefits of the Merger, including without limitation
the cost savings and related expenses expected to result or be derived from the Merger. We have assumed that the Merger will be
consummated in a manner that complies with the applicable provisions of the Securities Act of 1933, as amended, the Securities
Exchange Act of 1934, as amended, and all other applicable federal and state statutes, rules and regulations. We have further
been advised by representatives of Landrum that Landrum has relied upon advice from its advisors (other than KBW) or other appropriate
sources as to all legal, financial reporting, tax, accounting and regulatory matters with respect to Landrum, Simmons, the Merger
and any related transaction and the Agreement. KBW has not provided advice with respect to any such matters.</P>

<P STYLE="font: 5.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">This opinion addresses
only the fairness, from a financial point of view, as of the date hereof, of the Exchange Ratio in the Merger to the holders of
Landrum Common Stock, without regard to the differences between the classes of Landrum Common Stock. We express no view or opinion
as to any other terms or aspects of the Merger or any term or aspect of any related transaction (including the termination by
Landrum of The Landrum Company Employee Stock Ownership Plan and the Landrum Combined Benefits Plan prior to the closing of the
Merger), including without limitation, the form or structure of the Merger or any such related transaction, the treatment of the
Series E preferred stock of Landrum in the Merger, any consequences of the Merger or any such related transaction to Landrum,
its shareholders, creditors or otherwise, or any terms, aspects, merits or implications of any employment, consulting, voting,
support, shareholder or other agreements, arrangements or understandings contemplated or entered into in connection with the Merger
or otherwise. Our opinion is necessarily based upon conditions as they exist and can be evaluated on the date hereof and the information
made available to us through the date hereof. It is understood that subsequent developments may affect the conclusion reached
in this opinion and that KBW does not have an obligation to update, revise or reaffirm this opinion. Our opinion does not address,
and we express no view or opinion with respect to, (i) the underlying business decision of Landrum to engage in the Merger or
enter into the Agreement; (ii) the relative merits of the Merger as compared to any strategic alternatives that are, have been
or may be available to or contemplated by Landrum or the Board; (iii) the fairness of the amount or nature of any compensation
to any of Landrum&rsquo;s officers, directors or employees, or any class of such persons, relative to the compensation to the
holders of Landrum Common Stock; (iv) the effect of the Merger or any related transaction on, or the fairness of the consideration
to be received by, holders of any class of securities of Landrum (other than the holders of Landrum Common Stock, collectively
as a group, solely with respect to the Exchange Ratio as described herein and not relative to the consideration to be received
by holders of any other class of securities) or holders of any class of securities of Simmons or any other party to any transaction
contemplated by the Agreement; (v) the relative fairness of the Exchange Ratio as between holders of the different classes of
Landrum Common Stock; (vi) any adjustment (as provided in the Agreement) to the Exchange Ratio assumed for purposes of our opinion;
(vii) the actual value of Simmons Common Stock to be issued in the Merger; (viii) the prices, trading range or volume at which
Simmons Common Stock will trade following the public announcement of the Merger or following the consummation of the Merger; (ix)
any advice or opinions provided by any other advisor to any of the parties to the Merger or any other transaction contemplated
by the Agreement; or (x) any legal, regulatory, accounting, tax or similar matters relating to Landrum, Simmons, their respective
shareholders, or relating to or arising out of or as a consequence of the Merger or any related transaction, including whether
or not the Merger would qualify as a tax-free reorganization for United States federal income tax purposes.</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 221; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">The Board of Directors &ndash; The Landrum Company</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">July 30, 2019</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt">Page </FONT>5 <FONT STYLE="font-size: 8pt">of
5</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">This opinion is for the
information of, and is directed to, the Board (in its capacity as such) in connection with its consideration of the financial terms
of the Merger. This opinion does not constitute a recommendation to the Board as to how it should vote on the Merger, or to any
holder of Landrum Common Stock or any shareholder of any other entity as to how to vote in connection with the Merger or any other
matter, nor does it constitute a recommendation regarding whether or not any such shareholder should enter into a voting, shareholders&rsquo;,
or affiliates&rsquo; agreement with respect to the Merger or exercise any dissenters&rsquo; or appraisal rights that may be available
to such shareholder.</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">This opinion has been reviewed
and approved by our Fairness Opinion Committee in conformity with our policies and procedures established under the requirements
of Rule 5150 of the Financial Industry Regulatory Authority.</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">Based upon and subject
to the foregoing, it is our opinion that, as of the date hereof, the Exchange Ratio in the Merger is fair, from a financial point
of view, to the holders of Landrum Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.15pt 0 0 266pt">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 7.15pt 0 0 266pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 29.05pt; width: 203.35pt"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 266pt">Keefe, Bruyette &amp; Woods, Inc.</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<!-- Field: Page; Sequence: 222; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Annex D</B></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>MISSOURI STATUTES
ANNOTATED TITLE XXIII &sect; 341.455</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>DISSENTERS&rsquo;
RIGHTS FOR LANDRUM</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Vernon&rsquo;s Annotated Missouri
Statutes</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Title XXIII. Corporations, Associations
and Partnerships</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Chapter 351. General and Business
Corporations</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Merger and Consolidation</FONT><BR>
<FONT STYLE="font-size: 10pt">Section 455. Shareholder entitled to appraisal and payment of fair value, when--remedy exclusive,
when</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD><FONT STYLE="font-size: 10pt">Any shareholder shall be
deemed a dissenting shareholder and entitled to appraisal under this section if such shareholder:</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.66pt"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Owns stock of a corporation
which is a party to a merger or consolidation as of the record date for the meeting of shareholders at which the plan of merger
or consolidation is submitted to a vote;</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.66pt"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Files with the corporation
before or at such meeting a written objection to such plan of merger or consolidation;</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.66pt"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">(3)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Does not vote in favor
thereof if the shareholder owns voting stock as of such record date; and</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.66pt"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">(4)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Makes written demand
on the surviving or new corporation within twenty days after the merger or consolidation is effected for payment of the fair value
of such shareholder&rsquo;s shares as of the day before the date on which the vote was taken approving the merger or consolidation.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD><FONT STYLE="font-size: 10pt">The surviving or new corporation
shall pay to each such dissenting shareholder, upon surrender of his or her certificate or certificates representing said shares
in the case of certificated shares, the fair value thereof. Such demand shall state the number and class of the shares owned by
such dissenting shareholder. Any shareholder who:</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.66pt"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Fails to file a written
objection prior to or at such meeting;</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.66pt"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Fails to make demand
within the twenty-day period; or</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.66pt"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">(3)</FONT></TD><TD><FONT STYLE="font-size: 10pt">In the case of a shareholder
owning voting stock as of such record date, votes in favor of the merger or consolidation;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.33pt; text-align: left; background-color: white"><FONT STYLE="font-size: 10pt">shall
be conclusively presumed to have consented to the merger or consolidation and shall be bound by the terms thereof and shall not
be deemed to be a dissenting shareholder.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">3.</FONT></TD><TD><FONT STYLE="font-size: 10pt">Notwithstanding the provisions
of subsection 1 of section 351.230, notice under the provisions of subsection 1 of section 351.230 stating the purpose for which
the meeting is called shall be given to each shareholder owning stock as of the record date for the meeting of shareholders at
which the plan of merger or consolidation is submitted to a vote, whether or not such shareholder is entitled to vote.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">4.</FONT></TD><TD><FONT STYLE="font-size: 10pt">If within thirty days after
the date on which such merger or consolidation was effected the value of such shares is agreed upon between the dissenting shareholder
and the surviving or new corporation, payment therefor shall be made within ninety days after the date on which such merger or
consolidation was effected, upon the surrender of his or her certificate or certificates representing said shares in the case
of certificated shares. Upon payment of the agreed value the dissenting shareholder shall cease to have any interest in such shares
or in the corporation.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">5.</FONT></TD><TD><FONT STYLE="font-size: 10pt">If within such period of
thirty days the shareholder and the surviving or new corporation do not so agree, then the dissenting shareholder may, within
sixty days after the expiration of the thirty-day period, file a petition in any court of competent jurisdiction within the county
in which the registered office of the surviving or new corporation is situated, asking for a finding and determination of the
fair value of such shares, and shall be entitled to judgment against the surviving or new corporation for the amount of such fair
value as of the day prior to the date on which such vote was taken approving such merger or consolidation, together with interest
thereon to the date of such judgment. The judgment shall be payable only upon and simultaneously with the surrender to the surviving
or new corporation of the certificate or certificates representing said shares in the case of certificated shares. Upon the payment
of the judgment, the </FONT></TD>
</TR><TR STYLE="vertical-align: top">
<TD></TD></TR></TABLE>

<!-- Field: Page; Sequence: 223; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;D-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="text-align: left; width: 17.33pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD>dissenting
shareholder shall cease to have any interest in such shares, or in the surviving or new corporation. Such shares may be held and
disposed of by the surviving or new corporation as it may see fit. Unless the dissenting shareholder shall file such petition
within the time herein limited, such shareholder and all persons claiming under such shareholder shall be conclusively presumed
to have approved and ratified the merger or consolidation, and shall be bound by the terms thereof.</TD>
</TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">6.</FONT></TD><TD><FONT STYLE="font-size: 10pt">The right of a dissenting
shareholder to be paid the fair value of such shareholder&rsquo;s shares as herein provided shall cease if and when the corporation
shall abandon the merger or consolidation.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.33pt; text-align: left"><FONT STYLE="font-size: 10pt">7.</FONT></TD><TD><FONT STYLE="font-size: 10pt">When the remedy provided
for in this section is available with respect to a transaction, such remedy shall be the exclusive remedy of the shareholder as
to that transaction, except in the case of fraud or lack of authorization for the transaction.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 224; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;D-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>PART II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>INFORMATION
NOT REQUIRED IN PROSPECTUS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 10%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Item&nbsp;20.</B></FONT></td>
    <TD STYLE="width: 90%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;<B>Indemnification
    of Directors and Officers.</B></FONT></td></tr>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Article Sixteenth of the Amended and Restated Articles of Incorporation of Simmons First National Corporation, or Simmons, provides that Simmons&rsquo; directors will not be personally liable to Simmons or any of its shareholders for monetary damages resulting from breaches of their fiduciary duty as directors to the fullest extent permitted by the Arkansas Business Corporation Act of 1987, as amended or the 1987 Act. The 1987 Act permits the limitation of liability for monetary damages of directors for breaches of fiduciary duty, except (a) for any breach of the director&rsquo;s duty of loyalty to Simmons or its shareholders, (b) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (c) under Arkansas Code Annotated, or the ACA Section 4-27-833, as the same exists or hereafter may be amended, (d) for any transaction from which the director derived an improper personal benefit, or (e) for any action, omission, transaction, or breach of a director&rsquo;s duty creating any third party liability to any person or entity other than Simmons or shareholder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">ACA
Section 4-27-850 permits a corporation, under specified circumstances, to indemnify its current and former directors, officers,
employees or agents against expenses (including attorney&rsquo;s fees), judgments, fines and amounts paid in settlements actually
and reasonably incurred by them in connection with any action, suit or proceeding brought by third parties by reason of the fact
that the directors, officers, employees or agents acted in good faith and in a manner they reasonably believed to be in or not
opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause
to believe their conduct was unlawful. In a derivative action, i.e., one by or in the right of the corporation, indemnification
may be made only for expenses actually and reasonably incurred by directors, officers, employees or agents in connection with
the defense or settlement of an action or suit, and only with respect to a matter as to which they shall have acted in good faith
and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification
shall be made if such person shall have been adjudged liable to the corporation, unless and only to the extent that the court
in which the action or suit was brought shall determine upon application that the defendant directors, officers, employees or
agents are fairly and reasonably entitled to indemnity for such expenses despite such adjudication of liability.</FONT> <FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Article Twelfth of Simmons&rsquo; Amended and Restated Articles of Incorporation provides that Simmons shall, to the full extent
permitted by the 1987 Act, indemnify all persons whom it may indemnify pursuant thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
effect of the indemnification provisions contained in Simmons&rsquo; Amended and Restated Articles of Incorporation is to require
Simmons to indemnify its directors and officers under circumstances where such indemnification would otherwise be discretionary.
Simmons&rsquo; Amended and Restated Articles of Incorporation specify that the indemnification rights granted thereunder are enforceable
contract rights which are not exclusive of any other indemnification rights that the director or officer may have under any by-law,
vote of shareholders or disinterested directors or otherwise. As permitted under the 1987 Act, Simmons&rsquo; Amended and Restated
Articles of Incorporation also authorize the purchase of directors&rsquo; and officers&rsquo; insurance for the benefit of its
past and present directors and officers, irrespective of whether Simmons has the power to indemnify such persons under Arkansas
law. Simmons currently maintains insurance as authorized by these provisions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Simmons&rsquo;
Amended and Restated Articles of Incorporation also provide that expenses incurred by a director or officer in defending a civil
or criminal lawsuit or proceeding arising out of actions taken in his or her official capacity, or in certain other capacities,
will be paid by Simmons in advance of the final disposition of the matter upon the approval of the Simmons board of directors
or the shareholders and upon receipt of an undertaking from the director or officer to repay the sum advanced if it is ultimately
determined that he or she is not entitled to be indemnified by Simmons pursuant to applicable provisions of Arkansas law.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 10pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
indemnification provisions are not intended to deny or otherwise limit third party or derivative suits against Simmons or its
directors or officers. However, to the extent a director or officer were entitled to indemnification, the financial burden of
a third party suit would be borne by Simmons, and Simmons would not benefit from derivative recoveries since the amount of such
recoveries would be repaid to the director or officer pursuant to the agreements.</FONT> &nbsp; <FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Insofar
as indemnification for liabilities arising under the Securities Act of 1933, as amended, or the Securities Act, may be permitted
to directors, officers, or persons controlling the registrant pursuant to the foregoing provisions, the registrant has been informed
that in the opinion of the United States Securities and Exchange Commission such indemnification is against public policy as expressed
in the Securities Act and is therefore unenforceable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 225; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 10%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Item&nbsp;21.</B></FONT></td>
    <TD STYLE="width: 90%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Exhibits
    and Financial Statement Schedules.</B></FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Exhibit Index </B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 7%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; width: 92%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Exhibit</B></FONT></td>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 2.1 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><A HREF="#annex_001">Agreement and Plan of Merger,
    dated as of July 30, 2019, by and between Simmons First National Corporation and The Landrum Company (contained in <U>Annex
    A</U> to the proxy statement/prospectus which is included in this registration statement)** </A></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;3.1</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117184318003656/exh_31.htm" STYLE="-sec-extract: exhibit">Amended and Restated
    Articles of Incorporation of Simmons First National Corporation, as amended on April 23, 2018 (incorporated by reference to
    Exhibit 3.1 to Simmons&rsquo; Quarterly Report on Form 10-Q for the Quarter ended March 31, 2018)</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 3.2 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/90498/000155278119000370/e19395_ex3-2.htm">As Amended By-Laws of Simmons First National Corporation (incorporated by reference to Exhibit 3.2 to Simmons First National Corporation&rsquo;s Registration Statement on Form S-4 filed on August 30, 2019) </A> </FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;4.1</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/90498/000117184314002894/exh_41.htm" STYLE="-sec-extract: exhibit">Specimen common
    stock certificate of Simmons First National Corporation (incorporated by reference to Exhibit 4.1 to Amendment No. 1 to Simmons
    First National Corporation&rsquo;s Registration Statement on Form S-3 filed on June 18, 2014)</A><SUP> </SUP></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 4.2 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="e19411_ex4-2.htm">Form of Certificate of Designations of Preferred Stock, no par value, Series D of Simmons First National Corporation</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 5.1 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="e19411_ex5-1.htm">Opinion of Patrick A. Burrow, Executive Vice President, General Counsel and Secretary of Simmons First National Corporation, regarding the legality of the securities being registered</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 8.1 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="e19411_ex8-1.htm">Opinion of Covington &amp; Burling LLP regarding certain federal income tax matters</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 10.1 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="#annex_002">Form of Support and Non-Competition Agreement, by and among Simmons First National Corporation, The Landrum Company and certain directors and shareholders of The Landrum Company (contained in <U>Annex B</U> to the proxy statement/prospectus which is included in this registration statement)</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 15.1 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="e19395_ex15-1.htm">Awareness Letter of BKD, LLP with respect to the interim financial statements of Simmons First National Corporation</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;21.1</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/90498/000162828019002125/sfnc-123118xex21.htm" STYLE="-sec-extract: exhibit">Subsidiaries of
    Simmons First National Corporation (incorporated herein by reference to Exhibit 21 to Simmons First National Corporation&rsquo;s
    Annual Report on Form 10-K for the year ended December 31, 2018 filed on February 27, 2019)</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 23.1 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="e19411_ex5-1.htm">Consent of Patrick A. Burrow, Executive Vice President, General Counsel and Secretary of Simmons First National Corporation (contained in the opinion filed as Exhibit 5.1)</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 23.2 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="e19411_ex8-1.htm">Consent of Covington &amp; Burling LLP (contained in its opinion filed as Exhibit 8.1)</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 23.3 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="e19395_ex23-3.htm">Consent of BKD, LLP with respect to the audited financial statements of Simmons First National Corporation</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;24.1*</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/90498/000155278119000370/e19395_snfc-s4.htm#b_001" STYLE="-sec-extract: exhibit">Power of Attorney</A>
    </FONT> </td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 99.1 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="e19395_ex99-1.htm">Consent
    of Keefe, Bruyette &amp; Woods, Inc.</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"> 99.2 </FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><A HREF="e19411_ex99-2.htm">Form of proxy to be mailed to shareholders of The Landrum Company</A></FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 7%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">*</FONT></td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"></FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 92%"> <FONT STYLE="font-size: 10pt">Previously Filed.</FONT> </td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 7%; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">**</FONT> </td>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"></FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 92%"><FONT STYLE="font-size: 10pt">The disclosure schedules and
    exhibits have been omitted pursuant to Item&nbsp;601(a)(5) of Regulation S-K. Simmons agrees to furnish supplementally
    a copy of any omitted schedule or exhibit to the SEC upon request.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<!-- Field: Page; Sequence: 226; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 10%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Item&nbsp;22.</B></FONT></td>
    <TD STYLE="width: 90%; padding-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Undertakings.</B></FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The undersigned registrant
hereby undertakes:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 0px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 41px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">To file, during any period in which offers
    or sales are being made, a post-effective amendment to this registration statement: (1)&nbsp;to include any prospectus required
    by Section&nbsp;10(a)(3) of the Securities Act of 1933, as amended, referred to as the Securities Act, (2)&nbsp;to reflect
    in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective
    amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in
    the registration statement (notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the
    total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
    end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange
    Commission, or the SEC, pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than
    a 20 percent change in the maximum aggregate offering price set forth in the &ldquo;Calculation of Registration Fee&rdquo;
    table in the effective registration statement), and (3)&nbsp;to include any material information with respect to the plan
    of distribution not previously disclosed in the registration statement or any material change to such information in the registration
    statement.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(2)</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">That, for the purpose
    of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
    statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to
    be the initial bona fide offering thereof.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(3)</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">To remove from registration
    by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the
    offering.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(4)</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">That, for purposes of
    determining any liability under the Securities Act, each filing of the registrant&rsquo;s annual report pursuant to Section&nbsp;13(a)
    or 15(d) of the Securities Exchange Act of 1934, as amended (and, where applicable, each filing of an employee benefit plan&rsquo;s
    annual report pursuant to Section&nbsp;15(d) of the Securities Exchange Act of 1934, as amended) that is incorporated by reference
    in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein,
    and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT></td></tr>
</table>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 0px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 41px; padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(5)</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">That prior to any public
    reoffering of the securities registered hereunder through use of a prospectus which is a part of this registration statement,
    by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c), the registrant undertakes that
    such reoffering prospectus will contain the information called for by the applicable registration form with respect to reofferings
    by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable
    form.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(6)</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">That every prospectus
    (1)&nbsp;that is filed pursuant to paragraph (5)&nbsp;above, or (2)&nbsp;that purports to meet the requirements of Section&nbsp;10(a)(3)
    of the Securities Act and is used in connection with an offering of securities subject to Rule 415, will be filed as a part
    of an amendment to this registration statement and will not be used until such amendment is effective, and that for the purpose
    of determining liabilities under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
    statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to
    be the initial bona fide offering thereof.</FONT></td></tr>
</TABLE>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 227; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0px"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif; width: 41px"><FONT STYLE="font-size: 10pt">(7)</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">To respond to requests
    for information that is incorporated by reference into the prospectus pursuant to Items 4, 10(b), 11 or 13 of this form, within
    one business day of receipt of such request, and to send the incorporated documents by first class mail or other equally prompt
    means. This includes information contained in documents filed subsequent to the effective date of the registration statement
    through the date of responding to the request.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(8)</FONT></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">To supply by means of
    a post-effective amendment all information concerning a transaction, and the company being acquired involved therein, that
    was not the subject of and included in this registration statement when it became effective.</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></td>
    <TD STYLE="padding-top: 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(9)</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
                                                         <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Insofar as indemnification
        for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the
        registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of
        the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
        In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses
        incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action,
        suit or proceeding) is asserted by such director, officer, or controlling person in connection with the securities being
        registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
        submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy
        as expressed in the Securities Act and will be governed by the final adjudication of such issue.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P></td></tr>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<!-- Field: Page; Sequence: 228; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>SIGNATURES
</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt"><FONT STYLE="font-size: 10pt">Pursuant
to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Amendment No. 1 to the
Registration Statement on Form S-4 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Pine
Bluff, State of Arkansas, on this 13<SUP>th</SUP> day of September, 2019.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 47%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">SIMMONS FIRST NATIONAL CORPORATION</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:&nbsp;</FONT></td>
    <TD STYLE="border-bottom: black 0.75pt solid; font: 10pt Times New Roman, Times, Serif">/s/ <FONT STYLE="font-size: 10pt">George
    A. Makris, Jr.</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding-left: 0.1in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">George A. Makris,
    Jr.</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding-left: 0.1in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Chief Executive
    Officer and Chairman of the Board of Directors </FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; padding-left: 0.1in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Pursuant
to the requirements of the Securities Act of 1933, as amended, this Amendment No. 1 to the Registration Statement has been
signed below by the following persons in the capacities and on the dates indicated.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 36%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 42%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 18%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Signature</U></B></FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Title</U></B></FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Date</U></B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-size: 10pt">/s/
    George A. Makris, Jr.</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Chief Executive
    Officer and Chairman of the Board of Directors</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">George A. Makris, Jr.</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(Principal Executive Officer)</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-size: 10pt">/s/
    Robert A. Fehlman</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Senior Executive
    Vice President, Chief Financial Officer and Treasurer</FONT></td>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Robert A. Fehlman</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(Principal Financial Officer)</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Executive Vice President and Chief Accounting
    Officer </FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">David W. Garner</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(Principal Accounting Officer)</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Lead Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Steven A. Coss&eacute;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Jay D. Burchfield</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">William E. Clark, II</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
</TABLE>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 229; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 36%"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 18%"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Mark C. Doramus</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Edward Drilling</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Eugene Hunt</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Jerry M. Hunter</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Christopher R. Kirkland</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Susan S. Lanigan</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Tom E. Purvis</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Robert L. Shoptaw</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> <FONT STYLE="font-size: 10pt">*</FONT> </td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"> September
    13, 2019</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Russell Teubner</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"> * By: /s/ George A. Makris, Jr. </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> George A. Makris, Jr. </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"> Attorney-in-Fact </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
</table>


<!-- Field: Page; Sequence: 230; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.2
<SEQUENCE>2
<FILENAME>e19411_ex4-2.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 4.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CERTIFICATE OF DESIGNATIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>OF </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SERIES D PREFERRED STOCK, PAR VALUE $0.01
PER SHARE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIMMONS FIRST NATIONAL CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Simmons First National Corporation, a Corporation
organized and existing under the laws of the state of Arkansas (herein called the &ldquo;<U>Corporation</U>&rdquo; or the &ldquo;<U>Issuer</U>&rdquo;),
does hereby certify:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">That, pursuant to the authority conferred upon
the Board of Directors of the Corporation (the &ldquo;<U>Board of Directors</U>&rdquo;) by the Amended and Restated Articles of
Incorporation and Bylaws of the Corporation, and pursuant to Section 4-27-602 of the Arkansas Business Corporation Act of 1987,
as amended, the Board of Directors adopted the following resolutions by written consent on September [ ], 2019, creating a series
of 767 shares of Preferred Stock, par value $0.01 per share, of the Issuer designated as &ldquo;Series D Preferred Stock, Par Value
$0.01 Per Share&rdquo;:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>RESOLVED</B>, that pursuant to the authority
expressly granted and vested in the Board of Directors in accordance with the provisions of its Amended and Restated Articles of
Incorporation and Bylaws of the Corporation and applicable law, a series of Preferred Stock, par value $0.01 per share, of the
Corporation be and hereby is created, and that the designation and number of shares of such series, and the voting and other powers,
preferences and relative, participating, optional or other rights, and the qualifications, limitations and restrictions thereof,
of the shares of such series, are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Designation
and Number of Shares</U>. There is hereby created out of the authorized, unissued, and currently undesignated shares of preferred
stock of the Issuer a series of preferred stock designated as the Series D Preferred Stock, Par Value $0.01 Per Share (the &ldquo;<U>Designated
Preferred Stock</U>&rdquo;). The authorized number of shares of Designated Preferred Stock is 767.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Standard
Provisions</U>. The Standard Provisions contained in Schedule A attached hereto are incorporated herein by reference in their entirety
and shall be deemed to be a part of this Certificate of Designations to the same extent as if such provisions had been set forth
in full herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
The following terms are used in this Certificate of Designations (including the Standard Provisions in Schedule A hereto) as defined
below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Common
Stock</U>&rdquo; means the Class A Common Stock, par value $0.01 per share, of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Junior
Stock</U>&rdquo; means the Common Stock and any other class or series of stock of the Issuer the terms of which expressly provide
that it ranks junior to Designated Preferred Stock as to dividend rights and/or as to rights on liquidation, dissolution, or winding
up of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Liquidation
Amount</U>&rdquo; means $1,000 per share of Designated Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Redemption
Amount</U>&rdquo; means $1,000 per share of Designated Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Parity
Stock</U>&rdquo; means any class or series of stock of the Issuer (other than Designated Preferred Stock) the terms of which do
not expressly provide that such class or series will rank senior or junior to Designated Preferred Stock as to dividend rights
and/or as to rights on liquidation, dissolution or winding up of the Issuer (in each case without regard to whether dividends accrue
cumulatively or non-cumulatively).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Undesignated
Preferred Stock</U>&rdquo; means the undesignated shares of preferred stock of the Issuer, which the Board of Directors is authorized
to issue in one or more series with such powers, preferences and relative, participating, optional, or other rights, and the qualifications,
limitations, and restrictions, as may be determined in the Board of Director&rsquo;s sole discretion without further authorization
by the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain
Voting Matters</U>. Holders of shares of Designated Preferred Stock will be entitled to one vote for each such share on any matter
on which holders of Designated Preferred Stock are entitled to vote, including any action by written consent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">IN WITNESS WHEREOF, Simmons First National Corporation
has caused this Certificate of Designations to be signed by George A. Makris, Jr., its Chairman and Chief Executive Officer, and
Patrick A. Burrow, its Secretary, has affixed its corporate seal hereto and attested said seal on this [ ] day of September, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">SIMMONS FIRST NATIONAL CORPORATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 2%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 2%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Name:&nbsp;&nbsp;</TD>
    <TD>Patrick A. Burrow</TD>
    <TD>&nbsp;</TD>
    <TD>Name:&nbsp;&nbsp;</TD>
    <TD>George A. Makris, Jr.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Title:</TD>
    <TD>Executive Vice President,</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chairman and Chief
Executive Officer</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>General Counsel and Secretary</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>Schedule A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STANDARD PROVISIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General
Matters</U>. Each share of Designated Preferred Stock shall be identical in all respects to every other share of Designated Preferred
Stock. The Designated Preferred Stock shall be perpetual, subject to the provisions of the Section of these Standard Provisions
titled &ldquo;<U>Redemption</U>&rdquo;. The Designated Preferred Stock shall rank equally with Parity Stock and shall rank senior
to Junior Stock with respect to the payment of dividends and the distribution of assets in the event of any dissolution, liquidation,
or winding up of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Standard
Definitions</U>. As used herein, the definitions set forth in the Certificate of Designations to which this Schedule A is attached
and the following definitions shall apply with respect to Designated Preferred Stock:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Applicable
Dividend Rate</U>&rdquo; means 6.75 percent per annum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Business
Combination</U>&rdquo; means a merger, consolidation, statutory share exchange, or similar transaction that requires the approval
of the Issuer&rsquo;s shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Business
Day</U>&rdquo; means any day except Saturday, Sunday, and any day on which banking institutions in the State of New York generally
are authorized or required by law or other governmental actions to close.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Bylaws</U>&rdquo;
means the bylaws of the Issuer as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Certificate
of Designations</U>&rdquo; means the Certificate of Designations or comparable instrument relating to the Designated Preferred
Stock, of which these Standard Provisions form a part, as it may be amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Charter</U>&rdquo;
means the Issuer&rsquo;s Amended and Restated Articles of Incorporation, or similar organizational document, as amended from time
to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Standard
Provisions</U>&rdquo; mean these Standard Provisions that form a part of the Certificate of Designations relating to the Designated
Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Dividend
Period&rdquo;</U> has the meaning set forth in the subsection of these Standard Provisions titled &ldquo;<U>Rate</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Dividend
Record Date</U>&rdquo; has the meaning set forth in the subsection of these Standard Provisions titled &ldquo;<U>Rate</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Effective
Time</U>&rdquo; has the meaning set forth in the Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Issue
Date</U>&rdquo; means the date on which the Effective Time occurs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Liquidation
Preference</U>&rdquo; has the meaning set forth in the subsection of these Standard Provisions titled &ldquo;<U>Voluntary or Involuntary
Liquidation</U>&rdquo; of the Section titled &ldquo;<U>Liquidation Rights</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Merger
Agreement</U>&rdquo; means the agreement and Plan of Merger, dated July 30, 2019, by and between the Issuer and The Landrum Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Original
Issue Date</U>&rdquo; means October 1, 2016, the date on which The Landrum Company first issued Preferred Stock, no par value,
Series E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Person</U>&rdquo;
means a legal person, including any individual, corporation, estate, partnership, joint venture, association, joint-stock company,
limited liability company, or trust.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Preferred
Stock</U>&rdquo; means any and all series of preferred stock of the Issuer, including the Designated Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Voting
Parity Stock</U>&rdquo; means, with regard to any matter as to which the holders of Designated Preferred Stock are entitled to
vote as specified in the subsection of these Standard Provisions titled &ldquo;<U>General</U>&rdquo; of the Section titled &ldquo;<U>Voting
Rights</U>,&rdquo; any and all series of Parity Stock upon which like voting rights have been conferred and are exercisable with
respect to such matter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dividends.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rate</U>.
Holders of Designated Preferred Stock shall be entitled to receive, on each share of Designated Preferred Stock if, as, and when
declared by the Board of Directors or any duly authorized committee of the Board of Directors, but only out of net income or retained
earnings, non-cumulative cash dividends with respect to each Dividend Period (as defined below) at a rate per annum equal to the
Applicable Dividend Rate on the Liquidation Amount per share of Designated Preferred Stock. Such dividends shall be payable annually
in one or more installments as may be determined by the Board of Directors in its sole discretion. Each calendar year shall be
a &ldquo;<U>Dividend Period</U>,&rdquo; provided that the initial Dividend Period shall be the period from and including the Issue
Date through and including December 31 of that year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">For purposes of proration, dividends that are
payable on Designated Preferred Stock shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The
amount of dividends payable on Designated Preferred Stock on any date prior to the end of a Dividend Period, and for the initial
Dividend Period, shall be computed on the basis of a 360-day year consisting of twelve 30-day months, and actual days elapsed over
a 30-day month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Dividends that are declared will be payable
to holders of record of Designated Preferred Stock as they appear on the stock register of the Issuer on the applicable record
date or, if no date is fixed by the Board of Directors or any duly authorized committee of the Board of Directors, the date on
which the Board of Directors or any duly authorized committee of the Board of Directors acted to declare the dividend (each, a
&ldquo;<U>Dividend Record Date</U>&rdquo;). Any such day that is a Dividend Record Date shall be a Dividend Record Date whether
or not such day is a Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Holders of Designated Preferred Stock will not
be entitled to any dividends, whether payable in cash, securities or other property, other than dividends (if any) declared and
payable on Designated Preferred Stock as specified in this Section of these Standard Provisions (subject to the other provisions
of the Certificate of Designations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Cumulative</U>.
Dividends on shares of Designated Preferred Stock are non-cumulative. If the Board of Directors or any duly authorized committee
of the Board of Directors does not declare a dividend on the Designated Preferred Stock in respect of any Dividend Period, the
holders of Designated Preferred Stock will have no right to receive any dividend for such Dividend Period, and the Issuer will
have no obligation to pay a dividend for such Dividend Period, whether or not dividends are declared for any subsequent Dividend
Period with respect to the Designated Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Priority
of Dividends</U>. Subject to the provisions of the immediately following paragraph, so long as any share of Designated Preferred
Stock remains outstanding, no dividend or distribution shall be declared or paid on the Common Stock or any other shares of Junior
Stock (other than dividends payable solely in shares of Common Stock) or Parity Stock, subject to the immediately following paragraph
in the case of Parity Stock, and no Common Stock, Junior Stock, or Parity Stock shall be, directly or indirectly, purchased, redeemed,
or otherwise acquired for consideration by the Issuer or any of its subsidiaries unless all dividends on all outstanding Designated
Preferred Stock for the current Dividend Period have been or are contemporaneously declared and paid in full (or have been declared
and a sum sufficient for the payment thereof has been set aside for the benefit of the holders of shares of Designated Preferred
Stock on the applicable record date). The foregoing limitation shall not apply to (i) redemptions, purchases, or other acquisitions
of shares of Common Stock or other Junior Stock in connection with the administration of any employee benefit plan in the ordinary
course of business and consistent with past practice; (ii) the acquisition by the Issuer or any of its subsidiaries of record ownership
in Junior Stock or Parity Stock for the beneficial ownership of any other persons (other than the Issuer or any of its subsidiaries),
including as trustees or custodians; and (iii) the exchange or conversion of Junior Stock for or into other Junior Stock or of
Parity Stock for or into other Parity Stock (with the same or lesser aggregate liquidation amount) or Junior Stock, in each case,
solely to the extent required pursuant to binding contractual agreements entered into prior to the Issue Date or any subsequent
agreement for the accelerated exercise, settlement, or exchange thereof for Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Notwithstanding the provisions of the immediately
preceding paragraph, dividends on Junior Stock may be paid to the holders thereof even if the entire annual dividends on the Designated
Preferred Stock for a Dividend Period have not been declared and paid, subject to the limitations set forth in this paragraph.
If the holders of the shares of Designated Preferred Stock have received from the Issuer for the Dividend Period the per share
dividend amounts indicated in the table set forth immediately below, up to and including the indicated calendar quarters within
the Dividend Period, then the Board of Directors may declare and the Issuer may pay dividends on all Junior Stock, in the aggregate,
up to the funds legally available for such payment. For the initial Dividend Period, the percentages in the table below shall be
pro-rated in the manner provided for in the subsection of these Standard Provisions titled &ldquo;<U>Rate</U>&rdquo; above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 80%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; border-top: #1F1F1F 1pt solid; border-left: #181818 1pt solid; border-bottom: #282828 1pt solid; border-right: #1F1F1F 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #050505"><B>Calendar Quarter within the Dividend Period</B></FONT></TD>
    <TD STYLE="width: 65%; border-top: #1F1F1F 1pt solid; border-right: #181818 1pt solid; border-bottom: #282828 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: #050505"><B>Aggregate Percentage of Liquidation Amount Paid as Dividends on Shares of Designated Preferred Stock, per Share, for the Dividend Period</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #1F1F1F 1pt solid; border-left: #181818 1pt solid; border-bottom: #282828 1pt solid"><FONT STYLE="font-size: 10pt; color: #050505">January 1 to March 31</FONT></TD>
    <TD STYLE="border-right: #181818 1pt solid; border-bottom: #282828 1pt solid"><FONT STYLE="font-size: 10pt; color: #050505">1.6875 percent of the Liquidation Amount</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #1F1F1F 1pt solid; border-left: #181818 1pt solid; border-bottom: #232323 1pt solid"><FONT STYLE="font-size: 10pt; color: #050505">April 1 to June 30</FONT></TD>
    <TD STYLE="border-right: #181818 1pt solid; border-bottom: #232323 1pt solid"><FONT STYLE="font-size: 10pt; color: #050505">3.375 percent of the Liquidation Amount</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #1F1F1F 1pt solid; border-left: #181818 1pt solid; border-bottom: #1C1C1C 1pt solid"><FONT STYLE="font-size: 10pt; color: #050505">July 1 to September 30</FONT></TD>
    <TD STYLE="border-right: #181818 1pt solid; border-bottom: #1C1C1C 1pt solid"><FONT STYLE="font-size: 10pt; color: #050505">5.0625 percent of the </FONT><FONT STYLE="font-size: 10pt; color: #181818">Liquidation </FONT><FONT STYLE="font-size: 10pt; color: #050505">Amount</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #1F1F1F 1pt solid; border-bottom: #1C1C1C 1pt solid; border-left: #181818 1pt solid; white-space: nowrap"><FONT STYLE="font-size: 10pt; color: #050505">October 1 to December 31&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-right: #181818 1pt solid; border-bottom: #1C1C1C 1pt solid"><FONT STYLE="font-size: 10pt; color: #050505">6.750 percent of the Liquidation Amount</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">For the avoidance of doubt, the following example
illustrates the provisions of the immediately preceding paragraph and accompanying table. Assume the Issuer declares and pays a
$10.00 per share dividend on January 15, and a $25.00 per share dividend on April 10, on each share of Designated Preferred Stock,
and declares no other dividends on the Designated Preferred Stock during the Dividend Period. Under these circumstances, during
the period January 1 through March 31 no dividends may be declared or paid on the shares of Junior Stock because the dividends
paid on the Designated Preferred Stock for that calendar quarter amount to only 1.00 percent of the Liquidation Amount. As of April
10, the aggregate dividends paid on the Designated Preferred Stock for the Dividend Period amount to 3.50 percent per share, so
for the period of April 10 through June 30 the Issuer may declare and pay on the Junior Stock an aggregate dividend up to the funds
legally available for such payment. From July 1 through December 31 no additional dividends on the shares of Junior Stock may be
declared or paid because the aggregate dividends declared and paid on the shares of Designated Preferred Stock for the Dividend
Period equal only 3.50 percent of the Liquidation Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">When dividends are not paid (or declared and
a sum sufficient for payment thereof set aside for the benefit of the holders thereof on the applicable record date) in full upon
the Designated Preferred Stock and any shares of Parity Stock, all dividends on the Designated Preferred Stock and all such Parity
Stock shall be declared pro-rata so that the respective aggregate amounts of such dividends shall bear the same ratio to each other
as all accrued but unpaid dividends per share on the shares of Designated Preferred Stock and all Parity Stock in a Dividend Period,
in the aggregate, bear to each other (subject to their having been declared by the Board of Directors or a duly authorized committee
of the Board of Directors out of legally available funds and including, in the case of Parity Stock that bears cumulative dividends,
all accrued but unpaid dividends).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Subject to the foregoing, and not otherwise,
such dividends (payable in cash, securities, or other property) as may be determined by the Board of Directors or any duly authorized
committee of the Board of Directors may be declared and paid on any securities, including Common Stock and other Junior Stock,
from time to time out of any funds legally available for such payment, and holders of Designated Preferred Stock shall not be entitled
to participate in any such dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Notwithstanding the foregoing, in the event
that (i) the Issuer is a party to a merger or consolidation with another corporation, and (ii) the terms of the plan of merger
or consolidation provide that shares of Junior Stock will be exchanged for consideration other than shares of the Issuer, and (iii)
the merger or consolidation is approved by the affirmative vote or consent of holders of at least a majority of the shares of Designated
Preferred Stock at the time outstanding, voting as a separate class, then in those circumstances the exchange for shares of Junior
Stock may occur even if (a) some or all of the consideration is for cash or other non-share consideration, and (b) some or all
of the dividends on all outstanding shares of Designated Preferred Stock for the current Dividend Period have not been declared
and paid in full.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitations
on Dividend Payments</U>. The Holders of shares of the Designated Preferred Stock shall not be entitled to receive dividends to
the extent that the declaration of and/or payment of such dividends is prohibited by applicable law or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Liquidation
Rights</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Voluntary
or Involuntary Liquidation</U>. In the event of any liquidation, dissolution, insolvency, receivership, or other winding up of
the affairs of the Issuer, whether voluntary or involuntary, holders of Designated Preferred Stock shall be entitled to receive
for each share of Designated Preferred Stock, out of the assets of the Issuer or proceeds thereof (whether capital or surplus)
available for distribution to shareholders of the Issuer, subject to the rights of any creditors of the Issuer, before any distribution
of such assets or proceeds is made to or set aside for the holders of Common Stock and any other shares of the Issuer ranking junior
to Designated Preferred Stock as to such distribution, payment in full in an amount equal to the sum of (i) the Liquidation Amount
per share and (ii) the amount of any declared and unpaid dividends on each such share (such amounts collectively, the &ldquo;<U>Liquidation
Preference</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Partial
Payment</U>. If in any distribution described in the above subsection titled &ldquo;<U>Voluntary or Involuntary Liquidation</U>&rdquo;
the assets of the Issuer or proceeds thereof are not sufficient to pay in full the amounts payable with respect to all outstanding
shares of Designated Preferred Stock and the corresponding amounts payable with respect of any other shares of the Issuer ranking
equally with Designated Preferred Stock as to such distribution, holders of Designated Preferred Stock and the holders of such
other stock shall share ratably in any such distribution in proportion to the full respective distributions to which they are entitled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Residual
Distributions</U>. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding
amounts payable with respect of any other shares of the Issuer ranking equally with Designated Preferred Stock as to such distribution
has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer
(or proceeds thereof) according to their respective rights and preferences.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Merger,
Consolidation, and Sale of Assets Not Liquidation</U>. For purposes of this Section, the merger or consolidation of the Issuer
with any other corporation or other entity, including a merger or consolidation in which the holders of Designated Preferred Stock
receive cash, securities, or other property for their shares, or the sale, lease, or exchange (for cash, securities, or other property)
of all or substantially all of the assets of the Issuer, shall not constitute a liquidation, dissolution, or winding up of the
Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Subordination
to Creditors</U>. Any distributions to the holders of the Designated Preferred Stock as payment, in whole or in part, of the Liquidation
Preference shall be subordinated to the payment in full of the claims of general creditors and subordinated debt holders of the
Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Redemption</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Optional
Redemption</U>. The Issuer, at its option, subject to any required regulatory approvals including, but not limited to, any required
prior approval of the Board of Governors of the Federal Reserve System, may redeem, in whole or in part, at any time and from time
to time, out of funds legally available therefor, the shares of Designated Preferred Stock at the time outstanding, upon notice
given as provided in the subsection of this Section titled &ldquo;<U>Notice of Redemption</U>,&rdquo; at a redemption price equal
to the sum of (i) the Redemption Amount per share and (ii) the amount equal to any declared and unpaid dividends plus any dividends
payable but unpaid for the then current Dividend Period to, but excluding, the date fixed for redemption (regardless of whether
any dividends are actually declared for that Dividend Period).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Notwithstanding the foregoing, no redemption
of the Designated Preferred Stock may occur prior to the fifth anniversary of the Original Issue Date, provided, however, that
if the Designated Preferred Stock no longer constitutes additional tier 1 capital of the Issuer, then redemption of the Designated
Preferred Stock may be made at any time, but in all cases subject to any required prior approval of the Board of Governors of the
Federal Reserve System.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">For purposes of this Section, the determination
of dividends that are payable as of the effective date of any redemption shall be computed on the basis of a 360-day year consisting
of twelve 30-day months, and actual days elapsed over a 30-day month, for the period extending from and including the first day
of the Dividend Period through, but excluding, the date fixed for redemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The redemption price for any shares of Designated
Preferred Stock shall be payable on the redemption date to the holder of such shares against surrender of the certificate(s) evidencing
such shares to the Issuer or its agent. Any declared but unpaid dividends for the then current Dividend Period payable to holders
of record as of the Dividend Record Date that is prior to the redemption date shall be paid to the holder of record of the redeemed
shares on such Dividend Record Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Sinking Fund; No Guarantees; No Mandatory Redemptions</U>. The Designated Preferred Stock will not be subject to any mandatory
redemption, sinking fund, or other similar provisions. The Issuer shall not guarantee or otherwise secure or enhance any of the
rights or preferences of the holders of Designated Preferred Stock beyond those rights and privileges created in this Certificate
of Designations. Holders of Designated Preferred Stock will have no right to require redemption or repurchase of any Designated
Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Redemption</U>. Notice of every redemption of shares of Designated Preferred Stock shall be given by first class mail, postage
prepaid, addressed to the holders of record of the shares to be redeemed at their respective last addresses appearing on the books
of the Issuer. Such mailing shall be at least 30 days and not more than 60 days before the date fixed for redemption. Any notice
mailed as provided in this subsection shall be conclusively presumed to have been duly given, whether or not the holder receives
such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing thereof, to any holder
of shares of Designated Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption
of any other shares of Designated Preferred Stock. Notwithstanding the foregoing, if shares of Designated Preferred Stock are issued
in book-entry form through The Depository Trust Company or any other similar facility, notice of redemption may be given to the
holders of shares of Designated Preferred Stock at such time and in any manner permitted by such facility. Each notice of redemption
given to a holder shall state: (1) the redemption date; (2) the number of shares of Designated Preferred Stock to be redeemed and,
if less than all the shares held by such holder are to be redeemed, the number of such shares to be redeemed from such holder;
(3) the redemption price; and (4) the place or places where certificates for such shares are to be surrendered for payment of the
redemption price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Partial
Redemption</U>. In case of any redemption of part of the shares of Designated Preferred Stock at the time outstanding, the shares
to be redeemed shall be selected either pro-rata or in such other manner as the Board of Directors or a duly authorized committee
thereof may determine to be fair and equitable. Subject to the provisions hereof, the Board of Directors or a duly authorized committee
thereof shall have full power and authority to prescribe the terms and conditions upon which shares of Designated Preferred Stock
shall be redeemed from time to time. If fewer than all the shares represented by any certificate are redeemed, a new certificate
shall be issued representing the unredeemed shares without charge to the holder thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effectiveness
of Redemption</U>. If notice of redemption has been duly given and if on or before the redemption date specified in the notice
all funds necessary for the redemption have been deposited by the Issuer, in trust for the pro-rata benefit of the holders of the
shares called for redemption, with a federally insured depository institution, so as to be and continue to be available solely
therefor, then, notwithstanding that any certificate for any share so called for redemption has not been surrendered for cancellation,
on and after the redemption date dividends shall cease to accrue on all shares so called for redemption, all shares so called for
redemption shall no longer be deemed outstanding and all rights with respect to such shares shall forthwith on such redemption
date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption from such
bank or trust company, without interest. Any funds unclaimed at the end of three years from the redemption date shall, to the extent
permitted by law, be released to the Issuer, after which time the holders of the shares so called for redemption shall look only
to the Issuer for payment of the redemption price of such shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Status
of Redeemed Shares</U>. Shares of Designated Preferred Stock that are redeemed, repurchased, or otherwise acquired by the Issuer
shall revert to authorized but unissued shares of Preferred Stock (provided that any such cancelled shares of Designated Preferred
Stock may be reissued only as shares of any series of Undesignated Preferred Shares other than the Designated Preferred Stock).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conversion</U>.
Holders of Designated Preferred Stock shall have no right to exchange or convert such shares into any other securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Voting
Rights</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.
The holders of Designated Preferred Stock shall not have any voting rights except as set forth herein or as otherwise from time
to time required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Class
Voting Rights as to Particular Matters</U>. So long as any shares of Designated Preferred Stock are outstanding, in addition to
any other vote or consent of shareholders required by law or by the Charter, the vote or consent of the holders of at least a majority
of the shares of Designated Preferred Stock at the time outstanding, voting as a separate class, given in person or by proxy, either
in writing without a meeting or by vote at any meeting called for the purpose, shall be necessary for effecting or validating:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authorization
of Senior </U>Stock. Any amendment or alteration of the Certificate of Designations for the Designated Preferred Stock or the Charter
to authorize, or create, or increase the authorized amount of, or designate any new class of shares or any issuance of, any shares
of, or any securities convertible into or exchangeable or exercisable for shares of, any class or series of capital stock of the
Issuer ranking senior to Designated Preferred Stock with respect to either or both the payment of dividends and/or the distribution
of assets on any liquidation, dissolution or winding up of the Issuer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment
of Designated Preferred </U>Stock. Any amendment, alteration, or repeal of any provision of the Certificate of Designations for
the Designated Preferred Stock or the Charter (including, unless no vote on such merger or consolidation is required by the subsection
of these Standard Provisions titled &ldquo;<U>Share Exchanges, Reclassifications, Mergers, and Consolidations</U>,&rdquo; any amendment,
alteration or repeal by means of a merger, consolidation, or otherwise) so as to adversely affect the rights, preferences, privileges,
or voting powers of the Designated Preferred Stock; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Share
Exchanges, Reclassifications, Mergers, and Consolidations</U>. Any consummation of a binding share exchange or reclassification
involving the Designated Preferred Stock, or of a merger or consolidation of the Issuer with another corporation or other entity,
unless in each case (x) the shares of Designated Preferred Stock remain outstanding or, in the case of any such merger or consolidation
with respect to which the Issuer is not the surviving or resulting entity, are converted into or exchanged for preference securities
of the surviving or resulting entity or its ultimate parent, and (y) such shares remaining outstanding or such preference securities,
as the case may be, have such rights, preferences, privileges, and voting powers, and limitations and restrictions thereof, taken
as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges, and voting powers,
and limitations and restrictions thereof, of Designated Preferred Stock immediately prior to such consummation, taken as a whole;
provided, however, that for all purposes of this subsection, any increase in the amount of the authorized Preferred Stock, including
any increase in the authorized amount of Designated Preferred Stock necessary to satisfy preemptive or similar rights granted by
the Issuer to other persons prior to the Issue Date, or the creation and issuance, or an increase in the authorized or issued amount,
whether pursuant to preemptive or similar rights or otherwise, of any other series of Preferred Stock, or any securities convertible
into or exchangeable or exercisable for any other series of Preferred Stock, ranking equally with and/or junior to Designated Preferred
Stock with respect to the payment of dividends (whether such dividends are cumulative or non-cumulative) and the distribution of
assets upon liquidation, dissolution, or winding up of the Issuer will not be deemed to adversely affect the rights, preferences,
privileges, or voting powers, and shall not require the affirmative vote or consent of, the holders of outstanding shares of Designated
Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Changes
after Provision for Redemption</U>. No vote or consent of the holders of Designated Preferred Stock shall be required pursuant
to the subsection hereof titled &ldquo;<U>Class Voting Rights as to Particular Matters</U>&rdquo; of this Section if, at or prior
to the time when any such vote or consent would otherwise be required pursuant to such subsection, all outstanding shares of Designated
Preferred Stock have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have
been deposited in trust for such redemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Procedures
for Voting and Consents</U>. The rules and procedures for calling and conducting any meeting of the holders of Designated Preferred
Stock (including, without limitation, the fixing of a record date in connection therewith), the solicitation and use of proxies
at such a meeting, the obtaining of written consents and any other aspect or matter with regard to such a meeting or such consents
shall be governed by any rules of the Board of Directors or any duly authorized committee of the Board of Directors, in its discretion,
may adopt from time to time, which rules and procedures shall conform to the requirements of the Charter, the Bylaws, and applicable
law and, if applicable, the rules of any national securities exchange or other trading facility on which Designated Preferred Stock
is listed or traded at the time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Record
Holders</U>. To the fullest extent permitted by applicable law, the Issuer and the transfer agent for Designated Preferred Stock
may deem and treat the record holder of any share of Designated Preferred Stock as the true and lawful owner thereof for all purposes,
and neither the Issuer nor such transfer agent shall be affected by any notice to the contrary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.
All notices or communications in respect of Designated Preferred Stock shall be sufficiently given if given in writing and delivered
in person or by first class mail, postage prepaid, or if given in such other manner as may be permitted in this Certificate of
Designations, the Charter, the Bylaws, or by applicable law. Notwithstanding the foregoing, if shares of Designated Preferred Stock
are issued in book-entry form through The Depository Trust Company or any similar facility, such notices may be given to the holders
of Designated Preferred Stock in any manner permitted by such facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Preemptive Rights</U>. No share of Designated Preferred Stock shall have any rights of preemption whatsoever as to any securities
of the Issuer, or any warrants, rights or options issued or granted with respect thereto, regardless of how such securities, or
such warrants, rights, or options, may be designated, issued, or granted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Replacement
Certificates</U>. The Issuer shall replace any mutilated certificate at the holder&rsquo;s expense upon surrender of that certificate
to the Issuer. The Issuer shall replace certificates that become destroyed, stolen, or lost at the holder&rsquo;s expense upon
delivery to the Issuer of reasonably satisfactory evidence that the certificate has been destroyed, stolen, or lost, together with
any indemnity that may be reasonably required by the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Rights</U>. The shares of Designated Preferred Stock shall not have any rights, preferences, privileges, or voting powers or relative,
participating, optional, or other special rights, qualifications, limitations, or restrictions thereof, other than as set forth
herein or in the Charter or as provided by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>e19411_ex5-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><IMG SRC="image_006.jpg" ALT="https:||www.sec.gov|Archives|edgar|data|90498|000155278119000054|ex51_001.jpg" STYLE="height: 57px; width: 302px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in">PATRICK A. BURROW</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in">Executive Vice President,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in">General Counsel and Secretary</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">September 13, 2019</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Simmons First National Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 E. 3rd Street, 12th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Little Rock, Arkansas 72201</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I am the Executive Vice President, General Counsel
and Secretary of Simmons First National Corporation, an Arkansas corporation (the &ldquo;Company&rdquo; or
&ldquo;Simmons&rdquo;), and have acted as counsel to the Company in connection with the Company&rsquo;s Registration
Statement on Form S-4 (File No. 333-233559) (as amended to the date hereof, the &ldquo;Registration Statement&rdquo;) filed
pursuant to the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;). The Registration Statement registers
an aggregate of 17,350,000 shares of the Company&rsquo;s Class A common stock, par value $0.01 per share, and 767 shares of
Series D Preferred Stock, par value $0.01 per share (the &ldquo;Series D Preferred Stock&rdquo;, and collectively, the
&ldquo;Shares&rdquo;), to be issued in connection with the proposed merger of The Landrum Company, a Missouri corporation
(&ldquo;Landrum&rdquo;), with and into the Company, pursuant to the Agreement and Plan of Merger, dated as of July 30, 2019
(as amended from time to time, the &ldquo;Agreement&rdquo;), by and between the Company and Landrum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In connection with this opinion I, or attorneys under my supervision,
have examined the Agreement, the Company&rsquo;s Restated Articles of Incorporation and By-Laws, as amended, each as amended as
of the date hereof, the Registration Statement (including the proxy statement/prospectus comprising a part thereof) and the corporate
proceedings taken by the Company relating to the filing of the Registration Statement and the transactions contemplated thereby.
I, or attorneys under my supervision, have also examined originals or copies, certified or otherwise identified to my or their
satisfaction, of such documents, corporate records, instruments and other relevant materials as I deemed advisable and have made
such examination of statutes and decisions and reviewed such questions of law as I have considered necessary or appropriate. As
to facts material to this opinion letter, I have relied as to certain matters on information obtained from public officials, officers
of the Company and other sources I believed to be responsible, without any independent verification thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In my examination, I have assumed: (a) the legal capacity of all
natural persons; (b) the genuineness of all signatures; (c) the authenticity of all documents submitted to me as originals; (d)
the conformity to original documents of all documents submitted to me as certified, conformed, photostatic or facsimile copies;
(e) the authenticity of the originals of such latter documents; (f) the truth, accuracy and completeness of the information, representations
and warranties contained in the records, documents, instruments, certificates and records I have reviewed; and (g) the absence
of any undisclosed modifications to the agreements and instruments that I, or attorneys under my supervision, have reviewed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I have also assumed that, prior to the issuance of any of the Shares,
(a) the Registration Statement will have become effective under the Securities Act, (b) to the extent required under the laws of
Missouri, the shareholders of Landrum will have approved the Agreement, including the transactions contemplated by the Agreement,
 (c) the transactions contemplated by the Agreement will have been consummated in accordance with the Agreement, and (d) the Series D Preferred Stock will be duly approved by the Simmons Board of Directors and the Series D Preferred
Stock Certificate of Designations will be filed with the Arkansas Secretary of State and incorporated in the Simmons Articles
of Incorporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Based upon the foregoing, and subject to the assumptions, qualifications
and limitations set forth herein, I am of the opinion that the Shares have been duly authorized and, when the Registration Statement
has become effective under the Securities Act, the Shares, when duly issued in accordance with the Agreement, will be validly issued,
fully paid and non-assessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I am a member of the bar of the State of Arkansas. In rendering
the foregoing opinions, I express no opinion with respect to the laws of any jurisdiction other than the laws of the State of Arkansas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I am furnishing this opinion letter to you in connection with the
filing of the Registration Statement. This opinion letter is limited to the matters set forth herein, and no other opinion should
be inferred beyond the matters expressly stated. The opinions set forth herein are given as of the date hereof, and I undertake
no obligation to update or supplement this letter if any applicable law changes after the date hereof or if I become aware of any
fact or other circumstances that changes or may change any opinion set forth herein after the date hereof or for any other reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I hereby consent to the filing of this opinion letter as Exhibit
5.1 to the Registration Statement. I also hereby consent to the reference to my name under the heading &ldquo;Legal Matters&rdquo;
in the proxy statement/prospectus constituting part of the Registration Statement. In giving such consent, I do not thereby admit
that I am within the category of persons whose consent is required under Section 7 of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 20pt">&nbsp;&nbsp;&nbsp;Very truly yours,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 20pt; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 20pt; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 20pt">&nbsp;&nbsp;&nbsp;<u>/s/ Patrick A. Burrow&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 20pt">&nbsp;&nbsp;&nbsp;Patrick A. Burrow</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 20pt">&nbsp;&nbsp;&nbsp;Executive Vice President,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 20pt">&nbsp;&nbsp;&nbsp;General Counsel and Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>4
<FILENAME>e19411_ex8-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 8.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%"><IMG SRC="e19411v001.jpg" ALT="" STYLE="height: 55; width: 226">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 33%"><IMG SRC="e19411v002.jpg" ALT="" STYLE="height: 50; width: 116">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">September 13, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Simmons First National Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">501 Main Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pine Bluff, Arkansas 71601</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Landrum Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">801 East Broadway</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Columbia, Missouri 65201</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD STYLE="padding-right: 0.5in"><U>Merger of The Landrum Company with and into Simmons First National Corporation</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">We have acted as
counsel to Simmons First National Corporation, a Arkansas corporation (&ldquo;<U>Simmons</U>&rdquo;), in connection with the proposed
merger (the &ldquo;<U>Merger</U>&rdquo;) of The Landrum Company, a Missouri corporation (&ldquo;<U>Landrum</U>&rdquo;), with and
into Simmons, pursuant to the terms of the Agreement and Plan of Merger, dated as of July 30, 2019 (the &ldquo;<U>Agreement</U>&rdquo;),
by and between Simmons and Landrum as described in the Registration Statement on Form S-4 filed by Simmons with the United States
Securities and Exchange Commission (the &ldquo;<U>Registration Statement</U>&rdquo;). In connection therewith, we prepared the
discussion (the &ldquo;<U>Discussion</U>&rdquo;) set forth under the caption &ldquo;Material U.S. Federal Income Tax Consequences
Relating to the Merger&rdquo; in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">In connection with
this opinion, we have reviewed (i)&nbsp;the Agreement, (ii)&nbsp;the Registration Statement and (iii)&nbsp;such other records,
certificates and other documents, and such questions of law, as we have considered necessary or appropriate for the purposes of
this opinion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">We have assumed
that all signatures are genuine, that all documents submitted to us as originals are authentic and that all copies of documents
submitted to us conform to the originals. We have further assumed, with your permission (to the extent set forth in the representation
letters from Simmons and Landrum) and without independent investigation, that (i)&nbsp;the Merger will be consummated in the manner
described in the Registration Statement and in accordance with the Agreement, (ii)&nbsp;the Merger will be consummated without
the waiver of any conditions to any party&rsquo;s obligations to consummate the Merger and (iii)&nbsp;the covenants set forth in
the Agreement will be complied with. We have assumed further the accuracy of the representations set forth in the Agreement and
in certificates as to certain factual matters signed by officers of Simmons and Landrum. We have also assumed, with your permission
and without independent investigation (other than such investigations as we have deemed necessary to fulfill our professional responsibilities
as counsel), that, as to all matters in which a person making a representation has represented that such person or a related party
is not a party to, does not have, or is not aware of any plan, intention, understanding, or agreement to take action, there is
in fact no plan, intention, understanding, or agreement, and such action will not be taken.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="e19411v003.gif" ALT="Adobe Systems" STYLE="height: 15px; width: 101px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Simmons First National Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">September 13, 2019&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Based upon and subject
to the foregoing, we hereby confirm that the legal statements in the Discussion constitute our opinion with respect to the United
States federal income tax law matters referred to therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Our opinion expressed
herein is subject to the assumptions and qualifications set forth in the Discussion and is based upon existing law, regulations,
administrative pronouncements and judicial authority, all as in effect as of today&rsquo;s date. This opinion is not binding on
the Internal Revenue Service or courts. Furthermore, the authorities upon which we rely may be changed at any time, potentially
with retroactive effect. No assurances can be given as to the effect of any such changes on the conclusions expressed in this opinion.
Our opinion is limited to the United States federal income tax matters specifically covered hereby, and we have not been asked
to address, nor have we addressed, any other tax consequences. We undertake no responsibility to advise you of any future change
in the matters stated or assumed herein or in the United States federal income tax laws or the application or interpretation thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: justify; text-indent: 0.5in">We are furnishing
this opinion solely in connection with the filing of the Registration Statement, and this opinion is not to be relied upon for
any other purpose. We hereby consent to the filing of this opinion with the United States Securities and Exchange Commission as
an exhibit to the Registration Statement and the references to this opinion in the Registration Statement. In giving such consent,
we do not admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act of 1933,
as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in">/s/ Covington &amp; Burling LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in">Covington &amp; Burling LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-15.1
<SEQUENCE>5
<FILENAME>e19395_ex15-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 15.1</B></P>

<P STYLE="margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Awareness of Independent Registered</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Public Accounting Firm</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">We acknowledge the incorporation by reference in this Registration Statement on Form S-4 of Simmons First National Corporation of our reports dated May 8,
2019 and August 7, 2019, included with the Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019 and June 30,
2019, respectively. Pursuant to Rule 436(c) under the <I>Securities Act of 1933 </I>(the Act), these reports should not be
considered a part of the registration statement prepared or certified by us within the meaning of <I>Sections 7</I> and <I>11</I>
of the Act.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5in"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 40%"><B>/s/ BKD, LLP</B></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Little Rock, Arkansas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">September 13, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.3
<SEQUENCE>6
<FILENAME>e19395_ex23-3.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 1.5in"><B>Exhibit 23.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Consent of Independent Registered</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Public Accounting Firm</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We consent to the incorporation by reference in this Registration Statement on Form S-4 of Simmons First National Corporation (the Company) of our report dated
February 27, 2019, on our audits of the consolidated financial statements of the Company as of December 31, 2018 and 2017,
and for each of the years in the three-year period ended December 31, 2018, which report is included in the Company&rsquo;s
Annual Report on Form 10-K for the year ended December 31, 2018. We also consent to the incorporation by reference of our
report dated February 27, 2019, on our audit of the internal control over financial reporting of the Company as of December
31, 2018, which report is included in the Company&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2018. We
also consent to the reference to our firm under the caption &ldquo;Experts&rdquo; in the proxy statement/prospectus included
in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.25in"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 40%"><B>/s/ BKD, LLP</B></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.25in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Little Rock, Arkansas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">September 13, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0; text-align: right">&nbsp;<IMG SRC="image_005.jpg" ALT="">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>7
<FILENAME>e19395_ex99-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>


<P STYLE="margin: 0"><IMG SRC="image_004.jpg" ALT="">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-align: center">CONSENT OF KEEFE, BRUYETTE &amp; WOODS,
INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We hereby consent to
the inclusion of our opinion letter to the Board of Directors of The Landrum Company (&ldquo;Landrum&rdquo;) as Annex C to
the proxy statement/prospectus which forms a part of Amendment No. 1 to the Registration Statement on Form S-4 filed on
the date hereof (the &ldquo;Registration Statement&rdquo;) relating to the proposed merger of Landrum with and into Simmons
First National Corporation and to the references to such opinion and the quotation or summarization of such opinion
contained therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In giving such consent,
we do not admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act of
1933, as amended (the &ldquo;Securities Act&rdquo;), or the rules and regulations of the Securities and Exchange Commission thereunder,
nor do we hereby admit that we are experts with respect to any part of the Registration Statement within the meaning of the term
&ldquo;experts&rdquo; as used in the Securities Act or the rules and regulations of the Securities and Exchange Commission thereunder.</P>

<P STYLE="font: 12pt Helvetica-Narrow; margin: 9pt 0 0"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 48px; width: 259px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Helvetica-Narrow; margin: 9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">KEEFE, BRUYETTE&nbsp;&amp; WOODS,&nbsp;INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dated: September 13, 2019</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>8
<FILENAME>e19411_ex99-2.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center; text-indent: 0.25in"><B>P R O X Y</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The undersigned (individually
and/or collectively <B>&ldquo;<I>Shareholder&rdquo;</I></B>) does hereby appoint Kevin D. Gibbens, Daniel J. Stubler, and M. David
Bryant, Jr. or any of them acting in the absence of the others (the <B>&ldquo;<I>Designated Proxy&rdquo;</I></B>), as Shareholder&rsquo;s
true and lawful attorney and proxy, with full power of substitution and resubstitution, to vote <I>ALL</I> Class A Common Voting
shares (the <B>&ldquo;<I>Subject Shares&rdquo;</I></B>) of <B>The Landrum Company</B>, a Missouri corporation (the <B>&ldquo;<I>Corporation&rdquo;</I></B>),
which Shareholder is entitled to vote at the Special Meeting of the Shareholders of the Corporation scheduled to occur on October
22, 2019 (including any adjourned or postponed sessions thereof), with all the powers that Shareholder would possess if personally
present at the meeting, to vote upon all matters which may properly come before the meeting: (i) in such manner as is specified
below, and (ii) to the extent not specified below, in such manner as may be determined in the discretion of the Designated Proxy.
The Subject Shares include all shares held as of the record date of the meeting (September 6, 2019) and as of any later record
date that may be applicable to any adjourned or postponed session of the meeting. The Designated Proxy is hereby authorized and
directed to vote the Subject Shares as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval of Simmons Merger.</B> To approve
the Agreement and Plan of Merger dated as of July 30, 2019 between the Corporation and Simmons First National Corporation (&ldquo;<B><I>Simmons</I></B>&rdquo;)
and the merger of the Corporation with and into Simmons and all transactions contemplated therein. <I>[The Board of Directors recommends
voting &ldquo;FOR&rdquo; this approval.]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"></P>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 1in">&nbsp;</TD>
    <TD STYLE="width: 0.25in; border: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.75in">FOR</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 0.25in; border: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.75in">AGAINST</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 0.25in; border: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.75in">ABSTAIN</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjournment of Meeting. </B>To approve one or more adjournments of the Special Meeting of the Shareholders, if necessary
or appropriate, to solicit additional proxies in favor of approval of the Agreement and Plan of Merger with Simmons and the merger
and all transactions contemplated therein. <FONT STYLE="letter-spacing: -0.15pt"><I>[The Board of Directors recommends voting &ldquo;FOR&rdquo;
this approval.]</I></FONT></P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 1in">&nbsp;</TD>
    <TD STYLE="width: 0.25in; border: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.75in">FOR</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 0.25in; border: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.75in">AGAINST</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 0.25in; border: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.75in">ABSTAIN</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Matters.</B> To be voted in the discretion of the Designated Proxy on such other matters as may properly come before
the meeting. <I>[The Board of Directors recommends that authority be &ldquo;GRANTED.&rdquo;]</I>&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 1in">&nbsp;</TD>
    <TD STYLE="width: 0.25in; border: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 1.5in">AUTHORITY GRANTED</TD>
    <TD STYLE="width: 1in">&nbsp;</TD>
    <TD STYLE="width: 0.25in; border: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 1.5in">WITHHOLD AUTHORITY</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B><I>This Proxy,
when properly executed, will be voted in the manner directed herein on behalf of the undersigned Shareholder. If no direction is
given, this Proxy will be voted &ldquo;FOR&rdquo; approval of the Agreement and Plan of Merger and the merger and all transactions
contemplated therein and &ldquo;FOR&rdquo; the adjournment of the meeting if necessary to solicit additional proxies in favor of
the Simmons merger, and will be voted in the discretion of the Designated Proxy with respect to any other matters.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Proxy pertains to
<I>ALL</I> Subject Shares held in the individual name of each signatory person or entity as well as to <I>ALL</I> Subject Shares
held in the joint names of each signatory person or entity and any other joint owners.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Proxy will be effective
until revoked by Shareholder. Attendance by Shareholder at the Special Meeting or any adjourned or postponed session thereof will
<I>not </I>be deemed to revoke this Proxy <I>unless</I> Shareholder affirmatively indicates at such meeting his, her, or its intention
to vote the Subject Shares in person. The undersigned hereby <I>revokes </I>any proxy previously given to vote the Subject Shares
with respect to each meeting described herein (whether prior dated or delivered undated at a time prior to the date shown below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><I>(Continued on Reverse
Side)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><B><I>&nbsp;</I></B></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">Proxy
-- The Landrum Company</TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: top">Page 1</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B><I>Electronic and Facsimile
Transmission</I></B>. The Corporation and the Designated Proxy are authorized to recognize and act in accordance with a duly executed
copy of this Proxy that is transmitted to and received by the Corporation or by the Designated Proxy via electronic transmission
(e-mail) or via facsimile.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>DATED</B> this
___ day of ________________, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 8pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 35%; text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 35%; text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">Print Name of Shareholder</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">Print Name of Shareholder</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">Signature</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">Signature</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B><I>INSTRUCTIONS:</I></B><I>&#9;Insert
date of signing and print your name in the space provided in exactly the way your shares are registered (i.e., as your name appears
on your stock certificate). Sign exactly as your name is printed. Where stock is issued in two or more names, it is preferable
that all sign. If signing as attorney, administrator, executor, trustee, guardian, conservator, custodian, or other fiduciary,
give your full title as such. A corporation, limited liability company, partnership, or other entity should have an authorized
officer or representative sign.</I></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">Proxy
-- The Landrum Company</TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: top">Page 2</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><IMG SRC="e19411v99201.jpg" ALT="" STYLE="height: 94px; width: 431px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">To Participants and Beneficiaries in the Landrum Company
Employee Stock Ownership Plan:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 35.95pt">You are receiving the enclosed
proxy statement/prospectus and voting direction sheet because you are a participant or the beneficiary of a participant in the
Landrum Company Employee Stock Ownership Plan (the &ldquo;Plan&rdquo;)
and shares of Class A common stock of The Landrum Company (&ldquo;Landrum&rdquo;) are allocated to your account in the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 35.95pt">There is a proposal before the
Class A common shareholders of Landrum to approve a merger agreement and related transactions, including the merger of Landrum,
parent company of Landmark Bank, with the Simmons First National Corporation, parent company of Simmons Bank. The terms of the
merger agreement and merger are detailed in the enclosed proxy statement/prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 35.95pt">As a participant or beneficiary
in the Plan you have a right to direct me as Trustee of the Plan how the shares of the Landrum stock allocated to your account
in the Plan are to be voted with respect to the merger agreement and merger. There is a voting direction and return envelope included
in the enclosed materials. To vote your shares, simply mark your choice on the voting direction, sign and date the voting direction
and return it in the enclosed envelope. For your vote to be counted, the voting direction must
be received no later than October 8, 2019. Voting directions received after that date will not be counted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 35.95pt">If you do not return your
voting direction, the shares allocated to your account will be voted as directed by the plan administrator, which is Landrum. The
plan administrator has indicated that it will direct the Trustee to vote shares not otherwise directed by Plan participants to
be voted in favor of the merger.</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 35.95pt">If you have any questions regarding
this, please contact to Lisa Evans, Senior Vice President and Controller at Landrum at (573) 441-2822.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 221.05pt">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 220.5pt"><IMG SRC="e19411v99202.gif" ALT="" STYLE="height: 45px; width: 212px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.5pt 0 0 221.05pt">Michael E. New</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 90.65pt 0 221.05pt">Trustee of the Landrum Company Employee
Stock Ownership Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Invictus Fiduciary
Services, LLC <BR>
1755 Kirby Parkway, Suite 101</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Memphis,
TN 38120</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>(901) 260-1444</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>&nbsp;</I></B></P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2"><B>ESOP PARTICIPANT</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>NUMBER OF PARTICIPANT'S</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 0.5in"><B>NAME:</B></TD>
    <TD STYLE="width: 2in; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 2in"><B>ALLOCATED ESOP SHARES</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 2in">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">THE LANDRUM
COMPANY</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">employee stock
ownership plan</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-transform: uppercase; text-align: center"><U>VOTING
direction CARD</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-transform: uppercase; text-align: left"><FONT STYLE="text-decoration: none">PART
I: THE MERGER</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: justify; text-indent: 0.5in">I hereby direct Michael
New, as Trustee of The Landrum Company Employee Stock Ownership Plan (the &ldquo;<B><I>ESOP</I></B>&rdquo;), to vote the shares
of Class A common stock of The Landrum Company, a Missouri corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), that are allocated
to my ESOP account at the Special Meeting of the Class A Common Shareholders of the Company scheduled for October 22, 2019, and
any adjournments thereof, as follows with respect to the resolution to approve the Agreement and Plan of Merger between the Company
and Simmons First National Corporation and the merger and other transactions described therein, all as more fully set forth and
described in the proxy statement/prospectus dated September 17, 2019 accompanying this Voting Direction Card (please place an &ldquo;X&rdquo;
next to your selection):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&#9;_________&#9;FOR&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&#9;_________&#9;AGAINST&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&#9;_________&#9;ABSTAIN from voting&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>PART II. SIGNATURE AND DATE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(Please sign and date this Voting Direction Card where indicated
below)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">_________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Signature of ESOP participant</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Date:________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">YOU CAN RETURN YOUR VOTING DIRECTION CARD TO THE TRUSTEE BY FAXING,
EMAILING, OR MAILING IT TO THE FOLLOWING ADDRESS:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Michael New, Trustee, The Landrum Company Employee
Stock Ownership Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">c/o Principal</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Attn: Kelly Jansen</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">100 W Lawrence Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Suite 501</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Appleton, WI 54911</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">EMAIL: Jansen.Kelly@principal.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FAX: 920-734-9180</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>YOUR VOTING DIRECTION CARD AND THE SPECIFIC
MANNER IN WHICH YOU DIRECT THE TRUSTEE TO VOTE YOUR ALLOCATED SHARES (OR TO ABSTAIN FROM VOTING) WILL BE KEPT CONFIDENTIAL. IF
YOU FAIL TO COMPLETE AND RETURN THIS VOTING DIRECTION CARD TO THE TRUSTEE PRIOR TO 5 P.M. CENTRAL TIME ON OCTOBER 8, 2019, THE
TRUSTEE WILL VOTE YOUR ALLOCATED SHARES AS DIRECTED BY THE ESOP ADMINISTRATOR. THE ESOP ADMINISTRATOR WILL DIRECT THE TRUSTEE TO
VOTE &ldquo;FOR&rdquo; THE MERGER.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>PLEASE ALLOW ADEQUATE TIME FOR DELIVERY
IF MAILING YOUR VOTING DIRECTION CARD.</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><I>Personal and Confidential</I></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Silver 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>i19395001_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 i19395001_v1.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ 40%& P$1  (1 0,1 ?_$ *X   (# 0$! 0$
M       '!08(! ," 0D! 0$!  ,! 0             !!@0%!P,"$  ! P($
M P,&!@X'!P4    " 0,$  41$@8'(1,(,4$B46%Q,K,4@4)T%74WD:&QT5)B
M<H(CD[0U5A?!DJ*R<R0VTC-3-)06)\)#@Z,8$0$  @$# @4# P4
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M56=RS7V-[W;G2 W&,YMXDV2$*YFU$N"IY:-,SKU&;3Z!T=HZ!<=.VSW*8_<
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M'S45?MW?J7VI^2O^S:HCYZ;MJ['K6\7.X7]KWFUV@6A&%F41=?>S*G,4<%4
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KU"]"T&![G]9"_+/_ %T5N^U_NN'_ (#?]Q*(ZJ H"@* H"@* H"@*#__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>i19395002_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 i19395002_v1.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ , #? P$1  (1 0,1 ?_$ '8   (# 0$! 0
M       '!08(! $# @$!                     !   0,# P,"! 0% @<
M     @$#!!$%!@ 2!R$Q$T$B43(4"&%Q@1610E(C%M%RP8(S4V,D-!$!
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2#;8(@B(BE$$43HB(F@_>@__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>i19395003_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 i19395003_v1.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ +P#8 P$1  (1 0,1 ?_$ &X  0 " P$! 0
M       &!P$$!0(#" $!                     !   0,$ 0($!04  P$
M     @$#!  1!082(0<Q02(346%Q%!4R0B,S"(%R)!81 0
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202B@4"@4"@4"@4&:!0*!0?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !" 5$# 2(  A$! Q$!_\0
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M7^Z@P%'Y 5]%:7_R$)_^N$/\J^=K]=.%S =,:4H6&Y9!R#GUKZ)TO_D(3_\
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M"OGS7XI#XAU(B-R#<OR%/K7T5J&GRW=Q:SPS+&]N6(W+D'-1&PO223+9\_\
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M*M5UVTU?Q/;ZH+GFTU"*VLX<'E,XDDZ8Y)Q]!7IU_9K?V,]J\DD:S(4+1G#
M'T-4;GPS87.C0:7L:.V@*&/RSA@4.1S^%5%I$R39-K5G<:AHMY:V<_V>XFB9
M$E'\)-<79W%OI=G?VUQI,.EZUIM@9EN(L.'4C;N#=\GJ#7;:EI:ZG L3W%S
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0 4E%%, I1110 M%%% '_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>image_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !8 F@# 2(  A$! Q$!_\0
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M55K:LY)9+.!YH_+F9%WI_=:@;5BU1110(**** "BBB@ HHHH **** "BBB@
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M^)'Q4TSX6Z79Z)HEG_:>O7>RVL=*M/[W\+-_=6N@^$7PZO?"]O<ZUXAGCO\
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MX\R9J^'/V?M5\+:79Z;8_$OQ*EA;(J)#F+A5_A'R\5ZWIMD=.M!"]S/=$?\
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MEI9:M_@?/'B;P/XX^,/Q9TOP=XP\12#2'C_M+4=*TD[+>&-6^6,GO7TIX?\
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M\+S=V6E[)-]3J[>WBL[:.&) D4:[%7T45,>@IU%;F76X4444 %%%% !1110
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=HH **** "BBB@ HHHH **** "BBB@ HHHH __]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>image_005.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_005.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1"  L &D# 2(  A$! Q$!_\0
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MYQN[9ILCQ@$-M.!D[@"%X)#-G@# /)QTZU\>:G^VW\!=)^#?PT^/DFI>(?\
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MN'2,&38CLJ[L[1]W&6SO[6_YZ/\ E'_\;H ?13-K?\]'_*/_ .-T;6_YZ/\
(E'_\;H __]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>image_004.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_004.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !& 5,# 2(  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#^_@D $DX
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M-O1)O0(5J-1N-.M1J26\:=:E4DO6-.K.2^:1]\4445@:A1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110!F3?ZQOHG_H"T43?ZQOHG_H"T4 6FSOX&3Y8P.F3@<9]Z_B]_X.
M0XX6_8#\$"5C)G_@I%\=@TCR7%NZ*;_XR;H':/\ <7EN5PLL$ZRV\L>8Y(V1
MG4_VAD'?T/W!_2OXN_\ @Y$Y_8 \# %03_P4F^.^"RAU&;_XQX++Y5P&4=2O
MD3!AD>5)]QO?X3LN)LI;7NJ*YO1*\K_]NI[GA9]?^Q,SMH^=V;T5[NSN[+>V
MM_F?Q&'3;('!M;0$,4(-A8 AP-Q3']G9W!>2O4#G&*:]AI\<+7#VUF(0VPR&
MPL!&9#P(MYT\+YC'Y53.XDX S7TW\%OV<H_BI'9:SXL^+'@CX.^#]0GU*[&K
M^(=*\?>/-5O8(EFLEO='\,^#?!$D4F;N">ULUO;FVL)]0B-E/=PXE:/Z9%Q^
MQI\#&=OAA^S1\=/VO?'=CYUA;^/OC]X>UWX=_"6TOK/ U(:9\./#MBWB+58(
MI]IMM/\ $\-K:W\92TNY8HIV8?TLYX10YU1;3^"4HM4Y2^S'G:4&I2Y4_?>C
M9^-*EC+*4JCC3;5YIZ)-J[B[V;2NXI-MM))-M)_F>NCH=*?7O[#(T*.]@TZ7
M6SHMN-(AO[F18K>REU+^S/L<=W/(RI#;/,)I7(5$8D"H#:Z4JH[)IZI(KO&Q
MM--"R)&"9'1C8894 )=E)"@$L0*_3%_V_/VY6U*U7_A#?#EI\.ELYM._X4/:
M_LU::/@7+I$D2(MI<Z/=Z6OBC4KLVES#!-J<<IQ'<I,DBF1&-U+_ /9$^.\D
MJ?$;]F_XX?LA>.K^:,2^//V?O#/BOQI\+[W5B(F+:K\'=2M+;6-"6XDG@FE7
M0[N"X-M,/L,J226\E80J8ARC?*\(H\T>:494VXQYH\TE9O6,>9JW5(Z'"ATS
M/%N7V8RA-*4OLQ=XK1NR=^C9^8LFG64;K$]E:F9Q*8[=K'3DEG,,9EE1%DM;
M7.R,;Y"9X%C3YY)H4!E7^X[_ (-P$CC_ ."?MT(XVA!_X*7?#CF0JDG%G\/P
M(@MK<WJ%%#%%!D$95WW';R/Y!/C7^SY'\*8I=6\*_%GP-\7O"5P-.:77O"^E
M_$CPUJ<K7%RAM-5O_#7BK0M @S(C)9:AJ%CXA\1:;%<;XY8KD*87_K\_X-Q"
M#_P3]N3D<?\ !3#X;CKZV?P__GC]..]?(>(<L+_JEBW&G)7QU"TG%I?QH=6D
MM[=3W>"H8K^UZR=2+LI<T5)-VUZ)WVOTT/[,:0D @$@$YP"1DXY.!WP.3CI5
M6_N8[*QO;R5'DBM+2XN94C@N;F1XX(7E=$MK.WN[NX=E0A8+6UN;F5B(X+>:
M5EC;XJ^#7_!0?]CW]HCXC^.O@_\ !/XT67Q&^)_PTFUBU^*'@_2/!?C^WUCP
M%<Z+-J%K?Z9X_@O_  1;+X7UB!]+U6VTO1M=;3;[6[S3KJPL(+N='2OP _73
M[>W+DKN7<,97(R,],C.1GMGKVIU?&OP._;K_ &4?VCO'WC[X9?!#XM6OCOQC
M\(];O/#OQ+T;3/#/CZR7X>Z_ITES'?\ A_QQ>ZYX/T_0?"VLQRV%]%:Z7J&I
M6M_=-;3Q6<(,;[?L=I(U8(TB*Y1Y K,H8QQE!(X4D$I&9$#L!M0N@8C<,@#Z
M*@:YME^]<0+^],'S2QC]^$,AAY;_ %HC!<Q_?V MMVC- N;8@,+B J9C;AA+
M&09UE>W: '=@S+/')"8_OB6-XRN]&4 $]%1"> M&HFB+2KNB42(6D7!;=&,Y
M==JLV5R,*3G --6ZM6CBF6YMVBN$$D$JS1F.:-HVF62)PVV1#"K2AD+*8U9P
M=H) !/TZTW>FXIO7>!N*;AN"_P!XKG('OC%-9HVS$7C+2))A&*MN52L<GR$_
M.J.Z)(.@+JK$%AGPSX\_M#?!_P#9F\!7WQ2^.?B__A7_ ,.]&$MQK7BR[TCQ
M1J^D:%:6@$EUJ/B"X\,Z5JEKH&C64*M/?:MK36NDV=NDDE[/#%'+M /=B0HR
MQ &0,D@#+$*HY[LQ"@=22 .32U^<W@[_ (*N?\$[/&NJ>"+#0?VI?AKITGQ2
MO].T_P"'VL^+H/$GPV\-?$/4-3 ?2M*\%>,/'WASP]X7\9:KJ49+:=8Z#K-[
M<W\8+6BLO-?HIY\'F20^=%YL,4<TT7F)YD4,K3)%-(F=R12/;W"QR, CM!,J
MDF)PH!+14#75JB+*]S D;JCI(TT:HR2 E&5RP5E< E&!(8 D$T/<VT>3)<0(
M%D2%M\L:[99'BCCB.YAB222>"-$/S,\T2*"TB @$]%0"ZM2DD@N8#'$"99!-
M&4C 57)D8-M0!65B6(PK*W0@E)+NUB"F6YMX@XE*&2:- X@1I)RI9@&$,:.\
MI&1&B,S[54D %BBH1<VS*66X@91*(2PEC*B8NL8B)#8$ID=(Q'G<7=4QN8 D
M=Q!*J/%/#(DK;8VCD1UD8(TA5&5B'8(K/A23L5FQ@$T 345$L\+LJI-$[-&L
MJJLB,S1/G9(H!),;[6VN 5;!P3@T"X@(R)X2 SH2)$(WQ&59$SN^]&T$RNO5
M##*& ,;X ):*@:ZME>2)KB!988DGEC::,/%!(9Q'-(A8,D3FVN0DC (QMYPI
M)BDVN6X@<E4FB=A*\!"R(Q$T:EWA(#$B5$!9XS\ZJ"Q  S0!+3/-CP#YB8+%
M =ZX+B00E <_>$I$17J)"$QN(%))Y;))&^Q@4*NC*) 1("H5H^=X?D!"/G^Z
M <U^>^B_\%*/V6-<^)]M\.=/\5>*+RT?XU)^S;#\6[;X;?$&]^!,W[1$VI2:
M1<_ :T^-O]D?\(7=>/T\30P^'86@U1_#^H^)2?!,%VWB:!M-B /T+) !)(
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M(&DSW<&E:?HFG?#'PYHGQ,@TOP\UR=(D\??#'PS>V_VM98;G^@S_ (-P@?\
MAW]<\'_E)C\-.Q[6?@'/Y5_/-_P5M_X*.1?\%&_B)\"O&FAZ#/X:TKP+\!O
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M?X)\)Z3X%\/:\_PU\.W=K,L.D:C9WVJZF;#1(9;.2"#4]*9A;QW%O(/Z//\
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M  -IJ7FC_#KQOXMTZVO?A[\1)_ _ACP_H'C#0;NX\0Z]9>,O$%C-X@T[J/\
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M$S2IOAEXHU#6;"/1+R3P9H*6S#7/#5C=DV4VAQO*D81UW+FYM6*&7Y;C3/\
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M?Q0\0^"=2\>0^(;K1[*\MU\1^(=+U+XC_"RUTG7&\_4/#NIV5^^E)-J<5N5
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M^$7_ (;GPQ_\B444 '_#,_[.'_1"?A%_X;GPQ_\ (E'_  S/^SA_T0GX1?\
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MB4/&NTAFPPPAVJ!A;G3;:^MS;2V]M-;2QP,L=W%'=VZ>2RO&!ITL9LU([2(
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M65FLU]<B"/[7'9VUI=7BP6D5S/#;YNX5\U;9I'6V\QC;PRR&!79AY8),K2O
M\<EQ,75)4CCOI#&BK&9\7$+.T:K')=N;*-+3?<S_ "QVMKY"V[[G!10!XQX.
M^!_ASP]\8?B!\;)=6\3>)OB%XHM;'PE#/XIU>UO=+\"> +5]/U*+P%\.[+3]
M(TRVT3PQ<7\0\3:G!=V>H:SJ?B*0B\U^6U@MI(OH"BB@#,F_UC?1/_0%HHHH
# __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>image_003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_003.jpg
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M/$^F:<AR526ZE'HH&Q?_ !YOTJ*]ECU^]?28B[6MM(/MS@85SC(A![\X+8Z
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IMR0&(+,O^T0"OMFM:.-8D6-!M10%4#L!3Z*****************__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>e19411v001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 e19411v001.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !1 4T# 2(  A$! Q$!_\0
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MJ%U^TM]K\1:7XK@T.32=#-I#::?X@O;>.;S;DW2"73OW"R*#"&:?(/RG[N:
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MB'5-'E\&3:8D?AZ*]U6./55E5PIY>50X=@DTO "$.Z\5X_\ %WP'\6A;Z/\
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MKKDVO?&71[76[F/3Y('N+N/R[Z9(F5' 61E1X=B9PWR+TK,L?%VJV5C\0_\
MA _&?BSQ=X5A^'^H:C/JFN&5YK#6E'^CK#*Z(RR.GGL\*C$9BB^5-V" ?8=%
M?$FC_$+XLZ=_PDWA[Q/=:HU]HOPKU+4++7[;<D&K2'R6M;L ?<NT!>.1>H92
MR_+( -CX3>.O%%YI_BN?X8^(O$'Q"L4\#RWT/_"2>;/!;^(E7]Q;07,RJ\@D
M/F>9&68)LCY7?B@#[#HKY(^%?BK6)/%6EIX6\8>+O&&FW7A>]N_%A\212?\
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M+^+-?M/^$B;PVLDG_"/:.$DC(M%92RYD2)I)MA91/(W C4KG:AXE\87/PO\
M&UMX<UGQ-XC\++XST&P\,:O+>R6FH7UI-<V2WD$=X0KO"'DFC6X;)PSC<P0&
M@#[)HKXEE\??%FT^&/A5=!FNI_%Z_$N;18]#U[47>2TMUL;K9;:A=)&#.F]4
MN-X#;D>(!V.&KZ6^ .N#Q!\+=)NI;[5;[509(]6_MPXO(+]7(N89$'RQ[)-R
MJB?(%"[,J5) /1**Y3XM7UYIOPK\9WFGRRV]_;Z+>RV\L!(D218'*LI'.00"
M/>OFOPGJ_P 5_AW\%M;UF8:OJ.H>(M+TRP\+Z+?ZN-5U'^UYQ(LMP)9/+5(L
M20R>7)*0H@D):,&@#Z_HKX^C^,/B3P;\%]+M_%UWX@\/ZQX0\;Z9IFL7>M21
M/>SZ4]PDD4UP]L\L<F^UD19&1V!=),X.0.F^*'Q.L/''B3P+?Q^,M:T/X.ZI
MIVH2MXA\-&6W^T:G%-%'#!-.J%XDVBY*K\HD=,$G 4@'TW17E_[._B#Q'J'P
M1T75/&\MR-4473-=ZE;BUN)K-+B46L\\6!Y<CVRPR.N!AF.0.@\?^!/Q5^(.
MI_$K6;GQ?I'B/2_#7CJQGU7PT=7:U\BU:%G,4$"0S/)'YEDUO*RSI&PEBG..
M<  ^L**^-+/XN6GQ:_81O+G2/&^M3?$?PG\/TU>_GTN]N;6^CU2/2W/[YEVF
M7,RN60DAF7D' KL?B1#/X.U;P#X?UOQ=XMT#X:R:;>7%YK]MJ%Q)=S:GYD)@
MM[B]^:6./8]PRC*ABBKGY0I /IJBO,?V;=8\3:[\&]$O?%CWL^J/+=K#<ZE;
M"VN[FS6ZE6SGGB &R62W$+L,#ECD Y ].H **** "BBB@ HHHH **^6/A9^T
M,]C\0/'L/C'QU_PD%AI>GZEK7FZ/-IUSI%E96USCD0Q+=V\ZQNBF*Y+AS'*4
M=MIK ^''[0?CS4/A[\8(?%BZKHGBJ/P[=^+_  ^NIZ0]@]G UNV^TC$B#SOL
MDPC!EP0WGIR: /L:BOFOX$_%WQOXB^,$'@?QH&AU?2/"AO+V2& )::J7N(A;
MZA"<<;XRZM&#A)%D7D!6-#QMJ'Q'\3?M87F@:%J7BN/PGI-CHEQ=1Z#J&EVU
MM;^?/="62X2Z@DEF4K /EA93A&'5A0!]1T5\7^&_BW\0)/VE+W3'UWQ$NC77
MCNZT&%=2CTW_ (1[['#:+,UM&RK]L6].2R;B$<!L;MI ZOP[^TEK&I?M+-;S
M#45^&>I7L_A73IWTJ1;$ZA;C(NEO2NQO-G6\M?+#')A@(Y9J /J6BOB+PC^T
M)\2[?Q-X<TCQ!<RW6D^(OB9J6FZ3K5M;+M%G;7][!+IESA<*P2&.2.3@NN]<
MYCRWIOPM^(5UXH^*5Z/$?Q6;1_$B>(-3TR/X9;+%%^R0-,+<[&B^TLSPI'<^
M<LFPA]H&,4 ?2%%?&GB3XY^+='^"7@+Q/=>/(M(,S:Q+J<:7.FVNIZ@L%PRQ
M"V^W1&"0(HPT0,;N"I5QM(;J_B%\5+N^^)LFGZO\4[GX.>%[?PW8ZQH]Q/;V
M4,NLW$SS";S#=PN&\D) K6\85\SY)Y3 !]045\A_'#XO^(O#_BKXF$_$UO ^
MH>%["VF\(^&Q:VCKXGD>U63>R2Q-+<B2X+VHCMV0J4S]YE-?6.DW-Q>:597%
MW;?8[N6%'FMRV[RG*@LF>^#D9]J +=%>6?M)>*-8\(_#*2_T/Q)IWA:^^VVT
M9O=1NK>U#QF0&2**:XCDACF=051I49<G!QD,/G3XH?''7=8T/X+3Z5X[U[P_
MINO6&M37E]/J>BZ3<WDEM-:QQLT\L,MJR_/*5,(VR*RNI*T ?;U%?+/Q'^(E
MWIOB?2]&U3XQS?#;PO:^#K;5]/\ $K'3I7U^]+2K*7EFA:*41)';R&.%4,GV
MK(PH ING_M$ZWX?_ .$)U7XD:E!X'BU[X<OJ3V^H!;:W.LHT3/&ADY$NR3(A
MR6QG@E30!]445\P?#;XY7^A>/O!&D?$;Q9::)]O^&>DZG<VVMSP69EU625EG
M;YMI\PXP4' QT%?3] !17AW[5GC[6/A_X9T*]TKQ;:>%8FO)&O=U]86E[=P+
M YV6KW\;VY</L8H^TLJG#KW\W\<?'SQY#KVKR^$[&_UG2)?A5:>)(EOI(+"X
ML+B5[L_:I(V7F3;''NB' *8Q0!]<T5\E_'#]HOQ7X0/@>+PU%JNIRZ/I%MXJ
M\5?V9I$E]Y]JV$6TD,:$0&9%O90Y*[6M4_A8UG?&S]H3QQX1^(GCK6?#%V=;
M^'.G^ =/U22&R@62>SDNVU$1:G#QET0V\/F(<_NV+@?NR& /L6BOC+XK_'?7
M]!CTTZMX]OO!-M;^"M-UW3Q8OI=O/XAO96D%V!+?H86$")$Q@0J[>?G^Z*O_
M !F^/7Q#T./XPW'A73KJYL-/^&-AX@MII[FWMY=#N98]59K@QLI\U\01$H.
M8,8^;D ^OJ*^5_CU^T1X@\$?$7P]%H8U2XT+PM8PZSXN73]'EO8YH9W5/*EE
M1"(/*MENKKD@ED@'"LQKV+PAXKOM8^-'CK2C??:M%LM)T:ZLHDVE%:<WGF.K
M <[A%'W(^48H ]&HHKXQ\=?M">//AI\0M6TN\N[BZT#X?ZQ-KOB>\>U5FN?#
M]Y)"MFBD ?ZD75VQ(PQ&E'.=W(!]G45\9?$+XX?$_P (>#?AMI]DFL:KXW73
MV\:>)[33='>]D^SL[/%I+B.,B%96>6%92!@69).3D]9\5OC[+8^// 6JZ/XZ
M6/P7K5EIMW#I.B3Z<=2O?M-UM60V]U$TEQ!(C(F+6194(<[9-R@ 'U#17RCX
MV^,WQ$TKQ9XJT^QLI&T&U^)WAW1$UP74 ^RVEP^CB:U$!7<P?[3*-V<CSS@C
M:,/\8?$KXDS6>O0>%-:MUUV'XH#1;"/4(E-O):+8)/\ 9)"%RJ.VY3(,LN_(
MS@"@#ZKHKX\'[1_B/Q)\,M=UYM5O_ >GS?$&+P_J.IZC:P_:/"UD+2 W ;S$
M:)2EQNA\V1713-OY4"GZGX^USQO^R[XU\0^'?B+XMT_4_!EY>1Q:U'/H]RVH
MF.)'5&EMX)()8E$H0E-K[XW#'((H ^P**^9?B5X@U3P)XN\+>!]=^+^J>!O#
M"Z'=:@?&VIG3DN]5ODG4"V>::W^SKY<;>846-6D7'.$?/+R_'+XMA?@AK-O9
MG4I;KPYKFL^)/#T-F(IM:MK:XT^))K=&^:.8Q7#7"1Y&XMY9QN! !]A45Y;^
MR_XVO_B1\!?!_B;4KU]2O-3MGG:ZDC"-(#*X4E0!CY0O&!7J5 !1110 4444
M <?K/_'MXM_[9?\ HM:L>+O^/Q?^P5??^T:** +MM_R,%K_V#S_Z&M/L?^1I
MU;_KWMOYRT44 <_<?=E_[&*+^:4ZW_Y$W1O^PA;_ /I2*** 'V?_ "#;#_L-
MS?\ HZ6M4?\ (]-_V#1_Z--%% &;#_R*NE?]A"+_ -*:TO%/^NT+_L)1_P#H
M#T44 &M?\C)X=_ZZS_\ HEJWJ** ,GQ9_P BKK/_ %Y3?^BVKS_XW?\ 'KH?
M_;7^2444 =-+_P BSX2_Z[6?_H(KH-:_X]X/^OJ#_P!&+110!Y?\8O\ D:M*
M_P"N*_\ HPU[!110!C^+/^0*?^OBW_\ 1Z5GZQ_R&M8_[ X_]"EHHH =H_\
MQ\:M_P!>MO\ ^BS65X>_X\9O^Q?L_P#T&6BB@#3U3_D&^&?^ONW_ /0#4/B#
M[WB[_L#I_*XHHH FM_\ 6>*O]U/_ $G6I?"__'U)_P!>-G_Z"]%% '1UR/B;
M_5>*_P#L%1_^UZ** -.P_P"1NUC_ *];7^<U8^@?\>/@_P#W9/\ T4U%% $M
M]]W4?^PW:?SMZ$_X^Y/^PW_[2%%% &A9_P"H\0_]?$G_ *)2L^'_ ))?!_V#
M4_\ 0!110!H>-/\ D"I_U]VW_H]*FO/^1LTO_KTNO_0H*** '>%O^0#:_P#
2O_0C6M110 4444 %%%% '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>e19411v002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 e19411v002.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !6 ,@# 2(  A$! Q$!_\0
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MX\7:/X82YU(:WJ^G/JMC;2:)?()K9-F^0.80@V^9&"I(8%U!'-;W@OQOI/Q
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M ?PHHH )84G39(BR)D':PR,@Y!_,4^BB@ HHHH **** "BBB@ HHHH ****
#/__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>e19411v003.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 e19411v003.gif
M1TE&.#EA90 / '< ,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "'Y
M! $     + ( ! !B  D @         )^!()H:QE\'DM+5=GP==O9#D6:0E$=
MEXWJ]'TI*GJ8[)K9$;+ZM>WOS<NQ-,!B#"1T18;&Y<G9S-F:-I($%E)"E].M
M%5KMBHG@1ZGK2^FT-3-6"8]#PB^ST!A'MW\]-7.^$G1$,^21I>4UDV?X5_BF
1HDC&=RBY)XA$A#9YF5   #L!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>image_006.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_006.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  Y 2X# 2(  A$! Q$!_\0
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M,:)J(6(LUM,-T1;J/4'Z5B5W0E&44X['BXBG4IU91J_%?4^X?!G_ "(V@?\
M8.M__1:U0^)%AHFI>!=0M_$%]]AL"%8W(Y,;@@J0/XCGMWJ_X,_Y$;0/^P=;
M_P#HM:K>/(/#LWA.Y;Q3;^=I<95FPI+(Q.T,NWD'YNH]:SZF1\_W$'BSX=:(
MNI>'_&VGZAH@8;8H+D.#N/>%\CGN!S1\3_$4WBW0_ FMW,*PSW,=P)$7[NY9
M%4D>QQG\:[3PW\'_ (<^*(CJFE:CJEQ:)(5>W:55VD=C\NX#\?QK830OA_\
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M_6CF0'I%Z<Z?<$?\\F_D:^9_AK;>-+G^TO\ A$+N*WV^7]I\PI\WWMOW@?\
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M\4>*?$M]K-U92![J0LJ>:OR)T51SV&!5SPAHNKZ;?32WJM% 8RNPN#N;(P<
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M0;FV,NXY8$#N1^M1>&/AMXMTC2-9TB[U:U;3[JQG@@MTD8H)9  '/RC ']:
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/ HHHH **** "BBB@#__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>e19411v99201.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 e19411v99201.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !> :X# 2(  A$! Q$!_\0
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M&@S28Y+D_OY!GW8$5]+E_!3JM<TW4\J<6_\ R>7+!?>?-YEQE@\)%NK.,/\
M%)7_ / 8WD_N/J_XJ?\ !>KXA_M3^+Y_ _[*/PLUGQ!J;GRVUS4+03&W&0/,
M$(/DPCKA[B3'JE>'I^R3\9;KXN_\)%J?[7OA;3_VG-N(?#[:Y*42+J;%KU3Y
M"2%A_P >RQF/V(YKS+XN?\%)/'?CCP:?"/A&VT3X3> E78GA_P '6HT^*1<
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MLS_@C[XHU6+Q3\8H6U+4FTJP^%^LW)M#<N;=7 B"MY>=N0"<''<U\:5];_\
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "OCO_@H]_P $
MS[W]H+Q-IOQ;^$FL_P#""?'CP@OF:;JL)$46M*HP+:Y.,'*_(&8$%3L<%<;/
ML2BNK!XRKA:JK479_@UU375/JC*M1A5AR3V/P-\3?"&P_;2\8:KI5EH5C\)_
MVD]&E:/Q#\/[TBQL/%$H^]<Z6SG9',WWFMRVUMVY&*G)^?'^#WBR/XE'P8?#
M.O?\):+C[*=&^PR?;O-SC;Y6-WZ8[]*_>;]OK_@E_P##?_@H%H$3^(+>;0_&
M&FJ!I?B?3 $O[(J255N@EC!.=K'(Y*LA)-? =GX8_;%M/VF9/V88OC5X3.I1
M:,MXOC5[!SK::46_U(NO*,WF=]I.[MY_>OV;A[C><\.X0M[JNU)R]U=U)*3E
M'^Z[26UVC\6XF\+\)B<2J\).FY/7E2:E\FURR\U[KWLCR/P?\#M+_8C\4:-!
MXBT*T^*O[1&ML@\+?#*P87MOH<S<I=:NR$KN7[PMP>@W,0H++^E?_!//_@G+
MJ?P7\7:A\8?C%K(\=?'KQ;'F^U*7#V_A^)AC[':#[JA5.PLH Q\J +N+];^P
M3_P3"^'7[ FCW%QH<5SX@\::L"=6\4ZJ?,O[YF.6"DY\M"W)4$EN-S.0#7T?
M7P/$?%57'SE&$FT]'+:Z[):\L?*[;WDWLOT3AKA7"9305*C&W7OKW;ZR_!;)
M(****^-/J@HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
(@ HHHH __]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>e19411v99202.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 e19411v99202.gif
M1TE&.#EAU  M '< ,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "'Y
M! $     + (  0#1 "@ AP          ,P  9@  F0  S   _P S   S,P S
M9@ SF0 SS  S_P!F  !F,P!F9@!FF0!FS !F_P"9  "9,P"99@"9F0"9S "9
M_P#,  #,,P#,9@#,F0#,S #,_P#_  #_,P#_9@#_F0#_S #__S,  #, ,S,
M9C, F3, S#, _S,S #,S,S,S9C,SF3,SS#,S_S-F #-F,S-F9C-FF3-FS#-F
M_S.9 #.9,S.99C.9F3.9S#.9_S/, #/,,S/,9C/,F3/,S#/,_S/_ #/_,S/_
M9C/_F3/_S#/__V8  &8 ,V8 9F8 F68 S&8 _V8S &8S,V8S9F8SF68SS&8S
M_V9F &9F,V9F9F9FF69FS&9F_V:9 &:9,V:99F:9F6:9S&:9_V;, &;,,V;,
M9F;,F6;,S&;,_V;_ &;_,V;_9F;_F6;_S&;__YD  )D ,YD 9ID F9D S)D
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-POMP\8LCQ%]! @( .P$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
