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) October 1, 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 October 1, 2010, Home BancShares, Inc. issued a press release announcing that its wholly owned subsidiary Centennial Bank has acquired the banking operations of Wakulla Bank through a loss-sharing 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 and Centennial Bank Build Presence in Florida Panhandle with Strategic Acquisition.
99.2	Supplemental materials to Press Release dated October 1, 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: October 1, 2010	/s/ Brian Davis
	Brian Davis
	Chief Accounting Officer

EX-99.1

Exhibit 99.1

For Immediate Release: October 1, 2010

Home BancShares and Centennial Bank Build Presence

in Florida Panhandle with Strategic Acquisition

     Conway, AR — October 1, 2010 — Centennial Bank, a wholly-owned subsidiary of Home BancShares, Inc. (NASDAQ GS: HOMB) announced today it has acquired all the deposits, substantially all of the assets, and certain liabilities of Wakulla Bank (“Wakulla”) headquartered in Crawfordville, Florida (located in the Tallahassee MSA), through loss-sharing agreements with the Federal Deposit Insurance Corporation (“FDIC”).

     Depositors of Wakulla will automatically become depositors of Centennial Bank, and their deposits will continue to be insured by the FDIC up to $250,000. Customers may access their accounts through automated teller machine transactions, checks, online banking and debit card transactions. Wakulla locations normally open on Saturday will open under regular business hours on Saturday October 2, 2010, as branches of Centennial Bank. All remaining locations will open under regular business hours on Monday, October 4, 2010, as branches of Centennial Bank. Additionally, checks drawn on Wakulla will continue to be processed, and loan customers should continue to make their payments as usual.

     During the transition period, Wakulla customer accounts will be transitioned to Centennial Bank accounts with customers ultimately enjoying the benefits of Centennial Bank’s convenient locations, plus 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.

          “Wakulla is an opportunistic acquisition for us because it adds to our two most recent acquisitions of Coastal Community Bank and Bayside Savings Bank in the Florida Panhandle with 12 additional branch offices, including entrance into the Tallahassee market. Wakulla has deep roots in the communities it serves and has a proud history of providing outstanding service to its customers since 1974. Our goal is to continue providing first-class customer service and to quickly return this franchise back into a high performing community banking organization”, said Randy Sims, CEO of Home BancShares and Centennial Bank. Sims added, “We look forward to continuing the community support that Wakulla Bank has been known for in the markets that they serve.”

          With this addition to our family of banks, the Centennial footprint stretches from Panama City Beach to Tallahassee. Wakulla Bank’s strong market share was particularly attractive to us and we hope to expand our presence in the Florida Panhandle. This transaction was a natural extension of our commitment to provide the best in community banking. We now have 12 more branches in a diverse economy represented in the four counties served by Wakulla Bank including the state capital of Florida. We anticipate a smooth and seamless transition as we have experienced with our previously announced FDIC-assisted acquisitions. We are very excited to welcome Wakulla customers and associates to the Centennial Bank family. 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 data as of June 30, 2010)

• The acquisition is expected to provide Centennial Bank:

o Assets of approximately $353 million,

o Loans of approximately $244 million (before loan discounts and FDIC receivables),

o Investment securities of approximately $71 million,

o Deposits of approximately $355 million.

• The FDIC did not include with this transaction any non-performing loans or other real estate owned of Wakulla, which was estimated to be $77 million at the time of closing, nor did it include FHLB borrowings of Wakulla, which were estimated to be $21 million at the time of closing.

• Loss sharing protection from the FDIC on approximately $222 million in covered loans will be applied as follows:

o The FDIC provides loss coverage of 70% on the first $16 million in single family residential loans and the first $23 million in non-single family residential;

o The FDIC provides 30% loss coverage on the next $9 million in single family residential loans and the next $26 million in non-single family residential;

o The FDIC provides 80% coverage on the covered loans above these amounts.

o Consumer loans of approximately $21 million are not covered under the loss sharing agreement.

• As of June 30, 2009, Wakulla had #1 deposit market share in Wakulla County with 73% of total deposits in the market, ranked #2 in Calhoun and Liberty counties with 20% and 35% of total deposits in each county, respectively, and ranked #10 in Leon County with 4% of total deposits.

• This transaction is expected to have the following financial impact on the Company:

o Immediately accretive to net income and diluted earnings per share,

o Immediately accretive to book value per share and tangible book value per share, and

o Leverage a portion of the Company’s public common equity offering in which the Company raised 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 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 and related financial services to businesses, real estate developers and investors, individuals and municipalities. Centennial Bank has locations in central Arkansas, north central Arkansas, southern Arkansas, the Florida Keys, southwestern Florida, central Florida and the Florida Panhandle. 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	Tracy M. French
Chief Accounting Officer &	Florida Regional President
Investor Relations Officer	(501) 605-2936
(501) 328-4770

EX-99.2

Exhibit 99.2

FDIC-Assisted Acquisition Wakulla Bank October 1, 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 Purchased and assumed select assets and liabilities from the FDIC of Wakulla Bank All non-performing loans and OREO are excluded from the transaction; certain securities are also excluded Certain brokered deposits and all FHLB borrowings are also excluded from the transaction Acquired approximately $353 million in assets & assumed approximately $355 million in deposits Loss share protection on approximately $222 million of covered loans Acquired branches will operate as Centennial Bank, a wholly-owned subsidiary of Home BancShares, Inc. Branches normally open on Saturday will be open under regular business hours on Saturday, October 2

Strategic Opportunity Natural extension of current Florida footprint Complements recent Panhandle transactions (Coastal Community / Bayside Savings) Expands existing Florida branch network by 12 branches Popular long-time vacation destination for many Arkansans Entry into Tallahassee market - greater economic stability Financially compelling transaction - immediately accretive to: Net income Earnings per share Book value Tangible book value Leverages a portion of our excess capital

Overview of Wakulla Bank Established on October 1, 1974 as Wakulla County State Bank, changing its name to Wakulla Bank on February 1, 1994 12 full service locations across four Florida counties - Calhoun, Leon, Liberty, and Wakulla counties Core funded franchise with top 5 aggregate market share across its counties of operations Core Deposits ($mm) Source: Core deposits defined as total deposits less jumbo time deposits MRQ as of 6/30/10 Acquired Wakulla Branches Existing Branches Pro Forma Panhandle Branch Network

Deposit Market Share Deposit Market Share (1) Ranked 5th with aggregate market share of 8.4% for all four counties(1) Ranked 1 or 2 in Wakulla, Calhoun, and Liberty counties; ranked top 10 in Leon county Steady increase in market share over the past five years Top 2 deposit market share among community banks in combined counties of operation Source: SNL Financial (1) Deposit market share for Wakulla counties of operation as of 6/30/09 Deposit Market Share (1) Growth

DDA NOW MM&S Retail Jumbo East 89 47 154 65 West 30.6 38.6 31 31.6 North 45.9 46.9 45 43.9 Deposit Composition DDA NOW MM&S Retail Jumbo East 174 1109 510 808 West 30.6 38.6 31 31.6 North 45.9 46.9 45 43.9 DD NOW MM&S R J East 263 0 1156 664 873 West 30.6 38.6 34.6 31.6 North 45.9 46.9 45 43.9 HOMB(1) Wakulla HOMB - Pro Forma (Dollars in Millions) HOMB(1) Acquired Deposits HOMB Pro Forma Transaction Accounts $ 174 $ 89 $ 263 Money Market & Savings 1,109 47 1,156 Retail Time Deposits 510 154 664 Jumbo Time Deposits 808 65 873 $ 2,601 $ 355 $ 2,956 31% 43% 20% 7% 18% 44% 22% 39% 9% Transaction Accounts Money Market & Savings Jumbo Time Deposits Retail Time Deposits 25% 13% 30% HOMB pro forma for previously announced acquisitions of Coastal Community and Bayside Savings Bank

Loan Composition Loan Type HOMB (2) (6/30/10) Acquired Amount (3) (6/30/10) HOMB Pro-forma Total % of Pro-forma Total Loans Commercial RE (Non-farm/non-residential & agri.) $1,022 $56 $1,078 39% Construction/Land Development 532 55 587 21% Residential Real Estate 603 64 667 24% Commercial & Industrial (1) 286 45 331 12% Consumer 42 21 63 2% Other 29 3 32 1% Total $2,514 $244 $2,758 100% Includes Agricultural HOMB pro forma for previously announced acquisitions of Coastal Community and Bayside Savings Bank before loan discounts and FDIC receivables Before loan discounts and FDIC receivables (Dollars in Millions)

FLORIDA Port Charlotte Punta Gorda Marco Island Key Largo Islamorada Marathon (3) Big Pine Key West (3) Summerland 43 Branches (As of October 2010) Orlando (2) Winter Park Longwood (2) Clermont Eastpoint Apalachicola Carrabelle Port St. Joe (2) Lynn Haven Panama City (2) St. George Island Panama City Beach Mexico Beach Southport Blountstown (2) Bristol Tallahassee (5) Panacea Crawfordville (3) Florida Pro-Forma Footprint Branch Locations Acquired Branches Existing Branches Leon County, FL 5 - Wakulla County, FL 4 - Calhoun County, FL 2 - Liberty County, FL 1 - Bay County, FL - 7 Franklin County, FL - 3 Gulf County, FL - 2 Charlotte County, FL - 2 Collier County, FL - 1 Lake County, FL - 1 Monroe County, FL - 9 Orange County, FL - 4 Seminole County, FL - 2 Total 12 31 Acquired Branch Locations Existing Branch Locations

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 % Wakulla County, FL 4 $203 $278 1 73.2% Leon County, FL 5 194 4,754 10 4.1 Calhoun County, FL 2 26 129 2 20.1 Liberty County, FL 1 15 42 2 34.8 Bay County, FL 7 214 2,475 4 8.7 Franklin County, FL 4 117 260 1 45.1 Gulf County, FL 2 78 235 2 33.1 Key West-Marathon, FL MSA 9 206 2,226 3 9.3 Port Charlotte/Punta Gorda 2 15 2,499 11 0.6 Naples - Marco Island MSA 1 21 11,325 30 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

Historical Acquisitions Year Acquired Bank Location Assets ($mm) 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 $335 2010 Key West Bank Key West, FL $97 2010 Coastal Community Bank Panama City, FL $362 2010 Bayside Savings Bank Panama City, FL $63

Florida Tallahassee Jacksonville Orland o Miami Tampa Potential Future Opportunities Potential Opportunity Total Institutions: 51 Total Assets: $17.8bn Median Age: 12 years Potential Opportunities Asset Size Distribution Source: SNL Financial Includes regulated depositories headquartered in Florida with assets less than $2.0 billion and Texas Ratio greater than 100% as of 6/30/2010. City

Conclusion Significantly enhances Florida franchise Acquisition provides scale in Florida Panhandle Logical extension of existing HOMB franchise Financially attractive transaction Accretive to earnings, book value, tangible book value with conservative assumptions Non performing loans, other real estate owned and FHLB borrowings excluded from the transaction Acquisition is consistent with HOMB's operating strategy Stable core deposit base in Arkansas enhanced by higher-growth Florida markets Seamless integration expected HOMB has formed a dedicated team to lead the integration process for its FDIC-Assisted transactions in Florida

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 Wakulla Bank October 1, 2010 NASDAQ: HOMB www.homebancshares.com