8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) March 26, 2010

Home BancShares, Inc.

(Exact name of registrant as specified in its charter)

Arkansas
(State or other jurisdiction of incorporation)

000-51904	71-0682831
(Commission File Number)	(IRS Employer Identification No.)

719 Harkrider, Suite 100, Conway, Arkansas	72032
(Address of principal executive offices)	(Zip Code)

(501) 328-4770
(Registrant’s telephone number, including area code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

     On March 26, 2010 Home BancShares, Inc. issued a press release announcing that its wholly owned subsidiary, Centennial Bank, has assumed substantially all deposits and purchased certain assets of Key West Bank through a purchase and assumption agreement with the Federal Deposit Insurance Corporation. Copies of the press release and related supplemental materials are attached as Exhibits 99.1 and 99.2 to this Current Report and are incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1	Press Release: Home BancShares, Inc. Announces In-Market Florida Acquisition.
99.2	Supplemental materials to Press Release dated March 26, 2010.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Home BancShares, Inc.           (Registrant)
Date: March 26, 2010	/s/ Brian Davis
	Brian Davis
	Chief Accounting Officer

EX-99.1

Exhibit 99.1

For Immediate Release: March 26, 2010

Home BancShares, Inc. and Centennial Bank

Announce In-Market Florida Acquisition

     Conway, AR — Home BancShares, Inc. (NASDAQ GS: HOMB) and Centennial Bank, announced today the bank has assumed substantially all deposits and purchased certain assets of Key West Bank, headquartered in Key West, Florida, through a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC).

     Depositors of Key West Bank will automatically become depositors of Centennial Bank, and deposits will continue to be insured by the FDIC. Over the weekend, depositors can access their accounts through automated teller machine transactions, checks, online banking and debit card transactions. Key West Bank’s branch location will maintain its normal business hours for customers to conduct business. Checks drawn on Key West Bank will continue to be accepted and processed. Loan customers should also continue to make their payments as usual.

     During the transition period, Key West Bank customer accounts will be transitioned to Centennial Bank accounts with customers ultimately enjoying the benefits of Centennial Bank’s convenient locations and extensive selection of products and services. Customers may continue banking as usual and feel confident their deposits are secure, now backed by one of the country’s strongest and safest financial institutions. Employees and vendors should continue to operate business as usual.

     “We are eager to welcome Key West Bank customers and associates to the Centennial Bank family. With the FDIC insuring deposits to the fullest extent allowable, Key West Bank depositors can be certain their deposits continue to stay available, safe and secure”, said C. Randall Sims Chief Executive Officer of Home BancShares and Centennial Bank. “This is a fantastic acquisition which allows us to enhance our existing presence and leverage our present infrastructure in Key West. Our local Centennial Bank team along with management from Home BancShares has been deployed to assist in the weekend resolution process.”

Financial Highlights

     Based on the most recently published financial reports on Key West Bank, the acquisition is expected to provide Centennial Bank:

*	One additional full service location in Key West,
*	Assets of approximately $87.5 million,
*	Loans of approximately $66.5 million (before loan discounts and FDIC receivables),
*	Deposits of approximately $67.7 million,
*	FHLB borrowed funds of approximately $20.0 million,
*	Loss share protection from the FDIC on approximately $72.4 million in covered assets.

     The impact on the Company is currently expected to:

*	Be slightly accretive to net income and diluted earnings per share,
*	Be slightly accretive to book value per share and tangible book value per share, and
*	Leverage and deploy a small percentage of the Company’s recent underwritten public common equity offering in which the Company sold common stock for net proceeds of approximately $107.3 million.

     Upon completion of the acquisition, the Company will continue to remain extremely “well capitalized” by regulatory standards, with no additional capital required to support this transaction.

     Additional information regarding the acquisition is provided in a supplemental PowerPoint presentation available on the Company’s website at www.homebancshares.com, under the “Investor Relations” section.

General

     Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Our wholly-owned subsidiary Centennial Bank provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has locations in central Arkansas, north central Arkansas, southern Arkansas, the Florida Keys, central Florida and southwestern Florida. The Company’s common stock is traded through the NASDAQ Global Select Market under the symbol “HOMB.”

     This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risk and uncertainties. Various factors, including, but not limited to, economic conditions, credit quality, interest rates, loan demand and changes in the assumptions used in making the forward-looking statements, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional information on factors that might affect Home BancShares, Inc.’s financial results are included in its Form 10-K, filed with the Securities and Exchange Commission in March 2010.

####

FOR MORE INFORMATION CONTACT:

Home BancShares, Inc.	Centennial Bank
Brian S. Davis	C. Randall Sims
Chief Accounting Officer &	Chief Executive Officer &
Investor Relations Officer	President
(501) 328-4770	(407) 267-0741

EX-99.2

Exhibit 99.2

FDIC-Assisted Acquisition Key West Bank March 26, 2010 NASDAQ: HOMB www.homebancshares.com

Forward Looking Statements This presentation contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements contained herein reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward- looking statement. Some factors that could cause actual results to differ materially from historical or expected results include: factors listed in the Company's 10-K as filed with the Securities and Exchange Commission; changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management's estimate of the adequacy of the allowance for loan losses; legislative or regulatory changes or changes in accounting principles, policies or guidelines; management's estimates and projections of interest rates and interest rate policy; the execution of our business plan; and other factors affecting the financial services industry generally or the banking industry in particular. We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements set forth in this presentation to reflect new information, future events or otherwise.

Transaction Overview Key West Bank represents our second successful FDIC- assisted acquisition within two weeks Acquired approximately $87.5 million in assets & assumed approximately $87.7 million in liabilities with a discount bid of $9.7 million & a premium of 0.50% on deposits All loans and other real estate owned are covered by FDIC loss protection No holding company assets or liabilities were included Acquired location will operate as Centennial Bank, a wholly-owned subsidiary of Home BancShares, Inc. Location will be open for normal business hours Saturday, Sunday & Monday, March 27-29

Strategic Opportunity Expand our current market share in Key West Slightly accretive for its size to the following: Net income Earnings per share Book value Tangible book value Leverages our present infrastructure in Key West Leverages a small percentage of our excess capital

HOMB Capital Strength Ratio 2008 Actual 2009 OSB Pro-forma OSB & KWB Pro-forma Benchmark Leverage 10.87% 17.42% 15.53% 15.11% 5.00% Tier 1 12.70% 20.76% 19.78% 19.56% 6.00% Total RBC 13.95% 22.02% 21.04% 20.82% 10.00% TCE $226,459 $357,961 $358,864 $360,021 Tier 1 capital $278,427 $455,098 $457,255 $458,508 Total RBC $306,000 $482,690 $486,344 $488,001 (in thousands) TCE to tangible assets 8.97% 13.63% 12.14% 11.82% Book Value $14.25 $16.18 $16.34 $16.40 Tangible BV $11.40 $13.93 $13.97 $14.01 (Pro-forma = 2009 Actual + Acquired Banks)

Florida Pro-Forma Footprint Branch Locations Acquired Branch Existing Branches Charlotte County, FL - 2 Collier County, FL - 1 Monroe County, FL 1 9 Lake County, FL - 1 Orange County, FL - 4 Seminole County, FL - 2 Total 1 19 Acquired Branch Location Existing Branch Locations FLORIDA Port Charlotte Punta Gorda Marco Island Key Largo Islamorada Marathon (3) Big Pine Key West (2) Summerland 20 Branches (As of March 2010) Orlando (3) Winter Park Longwood (2) Clermont Key West (new)

Historical Acquisitions Year Acquired Bank Location Assets (in millions) 2003 Community Bank Cabot, AR $326 2005 Twin City Bank North Little Rock, AR $633 2005 Marine Bank Marathon, FL $258 2005 Bank of Mountain View Mountain View, AR $203 2008 Centennial Bank Little Rock, AR $234 2010 Old Southern Bank Orlando, FL $331

Deposit Composition As of December 31, 2009 Non-interest bearing Savings & Interest bearing Time deposits Brokered (non-CDARS) HOMB Deposits OSB Deposits KWB Deposits HOMB Combined Pro Forma Non-interest bearing $ 302 $ 27 $ 5 $ 334 Savings & Interest bearing 715 152 6 873 Time deposits 784 141 39 964 Brokered (non-CDARS) 34 - 18 52 $ 1,835 $ 320 $ 68 $ 2,223 Non-interest Savings CDs Brokered East 329 867 925 34 West 30.6 38.6 34.6 31.6 North 45.9 46.9 45 43.9 HOMB-OSB Pro Forma 43% 40% 15% 2% DDA/NOW Svgs/MMDA CDs Brokered East 334 873 982 52 West 30.6 38.6 34.6 31.6 North 45.9 46.9 45 43.9 HOMB Combined Pro Forma 44% 39% 15% 2% Non-interest Savings CDs brokered East 5 6 39 18 West 30.6 38.6 31.6 North 45.9 46.9 45 43.9 Key West Bank 57% 9% 7% 27%

Florida Deposit Market Share Selected Markets Branch Count HOMB Pro-forma Deposits 6/30/09 Total Deposits in Market Deposit Market Share Rank Deposit Market Share % Monroe County, FL 10 $267 $2,226 4 12.0 Charlotte County, FL 2 15 3,298 17 0.4 Collier County, FL 1 21 11,690 37 0.2 Lake County, FL 1 83 5,032 10 1.6 Orange County, FL 4 200 21,824 16 0.9 Seminole County, FL 2 88 6,258 15 1.4 (Dollars in Millions) Source: FDIC as of 6/30/09. Home BancShares Inc. Pro-Forma

Loan Composition Loan Type Acquired Florida $ Amount (in millions) Florida Pro-forma $ Amount (b) (in millions) HOMB Pro-forma Total (b) (in millions) % of Pro-forma Total Loans (b) Commercial RE (Non-farm/non-residential & agri.) $ 12 $ 256 $ 953 42% Construction/Land Development 4 170 491 21% Residential Real Estate 50 171 517 23% Commercial & Industrial (a) 1 49 266 11% Consumer - 6 40 2% Other - 5 25 1% Total $ 67 $ 657 $ 2,292 100% (a) Includes Agricultural (b) Pro-forma also includes Old Southern loans acquired March 12, 2010 (Dollars in Millions, As of December 31, 2009)

Contact Information Corporate Headquarters Home BancShares, Inc. 719 Harkrider St., Suite 100 P.O. Box 966 Conway, AR 72033 Financial Information Brian S. Davis Chief Accounting Officer & Investor Relations Officer (501) 328-4770 bdavis@homebancshares.com Website www.homebancshares.com

FDIC-Assisted Acquisition Key West Bank March 26, 2010 NASDAQ: HOMB www.homebancshares.com