Simmons First Reinstates Stock Repurchase Program

J. Thomas May, Chairman and Chief Executive Officer of Simmons First National Corporation

, has announced that the Company will reinstate its existing stock repurchase program which was temporarily suspended in 2008. The program authorized the repurchase of up to 700,000 shares of Class A common stock. Prior to the suspension of the program, the Company had repurchased 54,328 shares, thereby leaving authority to repurchase 645,672 shares under the program. The shares are to be purchased from time to time at prevailing market prices, through open market or unsolicited negotiated transactions, depending upon market conditions. The Company may discontinue purchases at any time that management determines additional purchases are not warranted. SFNC intends to use the repurchased shares to satisfy stock option exercises, payment of future stock dividends and general corporate purposes. Under the repurchase program, there is no time limit for the stock repurchases, nor is there a minimum number of shares that the Company intends to repurchase.