Document:

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                                                                    EXHIBIT 10.9

                                REAL ESTATE LEASE

This Lease Agreement (this "Lease") is made effective as of September 1, 2004,
by and between Robert H. "Bunny" Adcock, Jr. Blind Trust Agreement dtd 6/4/03,
Matt Barnhardt Trustee, ("Landlord"), and First State Bank, ("Tenant"). The
parties agree as follows:

PREMISES. Landlord, in consideration of the lease payments provided in this
Lease, leases to Tenant Office building (the "Premises") located at 715
Chestnut, Conway, Arkansas 72032.

TERM. The lease term will begin on September 1, 2004 and will terminate on
August 30, 2006.

HOLDOVER. If Tenant maintains possession of the Premises for any period after
the termination of this Lease ("Holdover Period"), Tenant shall pay to Landlord
a lease payment for the Holdover Period based on the terms of the following
Lease Payments paragraph. Such holdover shall constitute a month-to-month
extension of this Lease.

LEASE PAYMENTS. Tenant shall pay to Landlord monthly payments of $ 1,200.00 per
month, payable in advance on the first day of each month, for a total annual
lease payment of $ 14,400.00. Lease payments shall be made to the Landlord at
1321 Oak Street, Conway, Arkansas 72032, as may be changed from time to time by
Landlord.

POSSESSION. Tenant shall be entitled to possession on the first day of the term
of this Lease, and shall yield possession to Landlord on the last day of the
term of this Lease, unless otherwise agreed by both parties in writing.

USE OF PREMISES. Tenant may use the Premises only. The premises may be used for
banking purposes. The Premises may be used for any other purpose only with the
prior written consent of Landlord, which shall not be unreasonably withheld.
Tenant shall notify Landlord of any anticipated extended absence from the
Premises not later than the first day of the extended absence.

REMODELING OR STRUCTURAL IMPROVEMENTS. Tenant shall have the obligation to
conduct any construction or remodeling (at Tenant's expense) that may be
required to use the Premises as specified above. Tenant may also construct such
fixtures on the Premises (at Tenant's expense) that appropriately facilitate its
use for such purposes. Such construction shall be undertaken and such fixtures
may be erected only with the prior written consent of the Landlord which shall
not be unreasonably withheld. At the end of the lease term, Tenant shall be
entitled to remove (or at the request of Landlord shall remove) such fixtures,
and shall restore the Premises to substantially the same condition of the
Premises at the commencement of this Lease.

ACCESS BY LANDLORD TO PREMISES. Subject to Tenant's consent (which shall not be
unreasonably withheld), Landlord shall have the right to enter the Premises to
make inspections, provide necessary services, or show the unit to prospective
buyers, mortgagees, tenants or

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workers. As provided by law, in the case of an emergency, Landlord may enter the
Premises without Tenant's consent.

UTILITIES AND SERVICES. Tenant shall be responsible for all utilities and
services in connection with the Premises.

PROPERTY INSURANCE. Landlord and Tenant shall each be responsible to maintain
appropriate insurance for their respective interests in the Premises and
property located on the Premises.

INDEMNITY REGARDING USE OF PREMISES. Tenant agrees to indemnify, hold harmless,
and defend Landlord from and against any and all losses, claims, liabilities,
and expenses, including reasonable attorney fees, if any, which Landlord may
suffer or incur in connection with Tenant's use or misuse of the Premises.

DANGEROUS MATERIALS. Tenant shall not keep or have on the Premises any article
or thing of a dangerous, inflammable, or explosive character that might
substantially increase the danger of fire on the Premises, or that might be
considered hazardous by a responsible insurance company, unless the prior
written consent of Landlord is obtained and proof of adequate insurance
protection is provided by Tenant to Landlord.

TAXES. Taxes attributable to the Premises or the use of the Premises shall be
allocated as follows:

     Real Estate Taxes. Landlord shall pay all real estate taxes and assessments
     for the Premises.

DEFAULTS. Tenant shall be in default of this Lease, if Tenant fails to fulfill
any lease obligation or term by which Tenant is bound. Subject to any governing
provisions of law to the contrary, if Tenant fails to cure any financial
obligation within 30 days (or any other obligation within 30 days) after written
notice of such default is provided by Landlord to Tenant, Landlord may take
possession of the Premises without further notice, and without prejudicing
Landlord's rights to damages. In the alternative, Landlord may elect to cure any
default and the cost of such action shall be added to Tenant's financial
obligations under this Lease. Tenant shall pay all costs, damages, and expenses
suffered by Landlord by reason of Tenant's defaults. All sums of money or
charges required to be paid by Tenant under this Lease shall be additional rent,
whether or not such sums or charges are designated as "additional rent".

ASSIGNABILITY/SUBLETTING. Tenant may not assign or sublease any interest in the
Premises, nor effect a change in the majority ownership of the Tenant (from the
ownership existing at the inception of this lease), without the prior written
consent of Landlord, which shall not be unreasonably withheld.

NOTICE. Notices under this Lease shall not be deemed valid unless given or
served in writing and forwarded by mail, postage prepaid, addressed as follows:

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LANDLORD:

Name:    Robert H. "Bunny" Adcock, Jr. Blind Trust Agreement dtd 6/4/03, Matt
         Barnhardt Trustee
Address: 1321 Oak
         Conway, Arkansas
         72032

TENANT:

Name:    First State Bank
Address: P.O. Box 966
         Conway, Arkansas
         72033

Such addresses may be changed from time to time by either party by providing
notice as set forth above.

ENTIRE AGREEMENT/AMENDMENT. This Lease Agreement contains the entire agreement
of the parties and there are no other promises or conditions in any other
agreement whether oral or written. This Lease may be modified or amended in
writing, if the writing is signed by the party obligated under the amendment.

SEVERABILITY. If any portion of this Lease shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall continue to be
valid and enforceable. If a court finds that any provision of this Lease is
invalid or unenforceable, but that by limiting such provision, it would become
valid and enforceable, then such provision shall be deemed to be written,
construed, and enforced as so limited.

WAIVER. The failure of either party to enforce any provisions of this Lease
shall not be construed as a waiver or limitation of that party's right to
subsequently enforce and compel strict compliance with every provision of this
Lease.

CUMULATIVE RIGHTS. The rights of the parties under this Lease are cumulative,
and shall not be construed as exclusive unless otherwise required by law.

GOVERNING LAW. This Lease shall be construed in accordance with the laws of the
State of Arkansas.

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LANDLORD:

Robert H. "Bunny" Adcock, Jr. Blind Trust Agreement dtd 6/4/03, Matt Barnhardt
Trustee

/s/ Matt Barnhardt Trustee
-------------------------------------
Robert H. "Bunny" Adcock, Jr. Blind Trust Agreement Dtd 6/4/03, Matt Barnhardt
Trustee

TENANT:

First State Bank

/s/ Illegible
-------------------------------------
First State Bank
President & CEO<PAGE>

                                                                   EXHIBIT 10.10

(TRINITY DEVELOPMENT CO., INC. LOGO)
      "A Robert L. Ott Company"

JIM RANKIN, JR.
President

Post Office Box 1735
Ott Land Title Building
Conway, Alkansas 72033

Phone (501) 336-0050
Fax (501) 329-4962

                                 LEASE EXTENSION

It is hereby understood and agreed by and between FIRST STATE BANK (Lessee), and
TRINITY DEVELOPMENT CO., INC. (Lessor) that Lessee is hereby granted an
extension of its lease of the Billboard located on Donaghey Avenue, Conway,
Arkansas. Said original lease is dated January 4, 2002 and shall be extended
according to its terms for three years beginning January 1, 2005 and ending
December 31, 2008 for a rental amount of $425.00 per month. All other terms and
conditions of the lease shall remain in full force and effect.

Agreed to this 2 day of Dec, 2004.

Beginning Date: January 1, 2005

Ending Date: December 31, 2008

TRINITY DEVELOPMENT CO., INC.           LESSOR

By:
    ---------------------------------
    Jim Rankin, Jr.

LORI CASE, FIRST STATE BANK,            LESSEE

By: /s/ Lori Case
    ---------------------------------
    Lori Case<PAGE>

                                                                   EXHIBIT 10.11

                                 LEASE AGREEMENT

ALLISON, ADCOCK, RANKIN, LLC            LESSOR
P.O. Box 1735
Conway, Arkansas 72033
501-336-0050

AND

HOME BANCSHARES INC.                    LESSEE

KNOW ALL MEN BY THESE PRESENTS:

     THAT ALLISON, ADCOCK, RANKIN, LLC, hereinafter referred to as Lessor does
hereby lease, let and rent unto HOME BANCSHARES INC, hereinafter called Lessee,
for considerations and terms hereinafter set out, the following described
premises located in Conway, Arkansas:

     1. DEMISED PREMISES: Suite 122, First State Plaza, 1475 Hogan Road, Conway,
Arkansas.

     2. LEASE TERM: This Lease shall be effective for a primary term of three
(3) years, beginning August 1, 2005 and ending July 31, 2008.

     3. RENT: The lessee shall pay to Lessor a monthly rental of $1350.00 to be
paid by the first of each month. A late fee of 5% shall be assessed for any
payment that is not received by the 10 of each month.

     4. EXTENSIONS: The Lessee shall have the right to extend this lease for two
(2) additional terms of three (3) years each from the expiration of the primary
term hereof. Should the Lessee choose to exercise this option, the monthly
rental will increase 6% for the first term, and 6% for the second term. The
Lessee shall give the Lessor sixty (60) days notice prior to exercising its
option.

     5. BUILDING USE: It is understood and agreed that the premises shall not be
used for any other purpose than for a bank services office, without the written
consent of the Lessor. Lessee may assign this lease to other persons only with
the written approval of the Lessor. Said approval may not be unreasonably
withheld.

     6. TAXES, INSURANCE AND HOLD HARMLESS AGREEMENT: The Lessor will pay all
real estate taxes on said property during the term of this lease, and will, at
its election, keep said improvements insured against such hazards and for such
amounts as it sees fit, at its own expense.

     If the Premises are so substantially damaged by fire or other casualty as
to be untenantable, in whole or in at least twenty-five percent (25%) part
thereof, either party may terminate this Lease by providing Notice to the other,
but if the damage is such that the Premises can be repaired and restored within
one hundred twenty (120) days, the Lease shall not terminate, but Landlord shall
repair the Premises within one hundred twenty (120) days of the date of
destruction and Tenant's rent shall abate during the restoration period in
proportion to the untenantable area. On completion of restoration, rent shall
recommence in the full amount, but if restoration is not substantially completed
within one hundred twenty (120) days, Tenant may within ten (10) days thereafter
terminate this Lease.

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     It is understood and agreed that lessee shall carry public liability
insurance with minimum limits of $1,000,000.00 covering the premises and the use
and occupancy of the same, including any adjoining sidewalk, with first party
named as additional insured, and shall furnish a copy of said policy to Allison,
Adcock, Rankin, LLC. Lessee shall also be responsible for insuring its personal
property within the building. The Lessor shall not be responsible for damage of
any kind to Lessee's personal property or bodily injury.

     Lessee assumes all risk of and liability for damages to persons or property
arising during the terms of the lease, in connection with the Premises, or use
thereof, and shall indemnify and hold harmless Lessor and the property of
Lessor, including the leased Premises, from any and all claims, liability, loss,
damage, or expenses resulting from any use or any other occupation and use of
the Premises by Lessee, including, but not limited to, any of such arising by
reason of the injury to or death of any person or persons or by reason of damage
to any property caused by the condition of the leased Premises, the condition of
any improvements or personal property in, on or about the leased Premises, or
the acts or omissions of the Lessee of any person in, on or about the areas with
the express or implied consent of the Lessee. Such obligation of the Lessee to
indemnify and hold harmless the Lessor and the property of the Lessor shall
include, but not be limited to, any claim, liability, loss, damage or expense
arising by reason of the injury to or death of any agent, officer or employee of
the Lessee, any independent contractor hired by the Lessee to perform work or
render services in, on, or about the Premises, or any agent, officer or employee
of any such independent contractor, and any other person from any cause
whatsoever, while in, on or about the Premises, streets, alleys, sidewalks or
public ways adjacent thereto during the term. Insurance to be provided by the
respective indemnitor as herein provided must contain a clause or endorsement
specifically affording covering against liability contractually assumed by the
Lessee. The indemnity herein contained is intended to be a complete indemnity
against any and all expenses, damages or loss of any kind to the Lessor,
including without limitation, attorney's fees, court costs and similar expenses
incurred in defending against any claim even if groundless.

     7. MAINTENANCE AND REPAIR: Lessor will maintain and keep in good repair,
the structure of the building including the wiring and plumbing therein, the
roof and outside of said building, including parking areas and all landscaped
areas, along with the maintenance of the HVAC unit.

     Lessee will maintain and keep in good repair, the inside of said building,
including inside lighting, plumbing problems caused by tenant or guests thereof,
frames and moldings, glass doors, door openers, fixtures, flooring, equipment
and appurtenances thereof in good condition and repair. All utilities shall be
the responsibility

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of the Lessee. In addition to maintaining the interior of the lease space, the
lessee shall further insure that the sidewalk in front of its lease space is
kept in a clean, orderly, and safe manner during the term of the lease and
extensions thereof. Lessee shall also insure that all waste and trash is
disposed of in a healthy and clean manner without disturbing the other tenants
surrounding the premises.

     8. UTILITIES AND SERVICES: Lessee shall be responsible for the following:

          A.   monthly utility costs

          B.   janitorial services

          C.   pest control

          D.   pick-up and disposal of trash and garbage around exterior of
               building caused by Lessee or its customers

     9. DEFAULT: Any violation of the terms herein will be considered a default
hereunder. Should the Lessee default hereunder, the Lessor, in addition to any
and all rights provided under the laws of the State of Arkansas or equity, shall
have the right to re-enter and take possession of the premises, remove all
persons and property therefrom, and sell such property as necessary to satisfy
any deficiency in payments by lessee as required hereunder without notice.
Further, all future rents shall be accelerated, due and payable.

     10. SIGNAGE: Any signage shall be approved by the Lessor, be internally
lighted, and may not exceed 2'8" in height and 18 feet in length. The sign shall
be place upon the mansard directly in front of the lease space. Maintenance of
all lessee's signage shall be the responsibility of the Lessee.

     11. MISCELLANEOUS PROVISIONS:

          a.   INVALIDITY: If any term or provision of this Lease or the
               application to any person or circumstance shall, to any extent,
               be invalid or unenforceable, the remainder of this Lease, or the
               application of such term or provision to persons whose
               circumstances other than those as to which it is held invalid or
               unenforceable, shall not be affected.

          b.   SUCCESSORS, ETC.: The terms, conditions and covenants of this
               Lease shall be binding upon and shall inure to the benefit of
               each of the parties, their heirs, personal representatives,
               successors or assigns, and shall run with the land; and where
               more than one party shall be lessors under this Lease, the word
               "Lessor" whenever used in this Lease shall be deemed to include
               all Lessors jointly and severally.

          c.   WRITING: No waivers, alterations or modifications of this Lease
               or any agreements in connection with this Lease shall be valid
               unless in writing duly executed by both Lessor and Lessee.

          d.   NOTICE: For purposes of contacting either party, the addresses
               shall be used:

Lessor:
        Allison, Adcock, Rankin, LLC

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        Attn: Jim Rankin, Jr.
        P.O. Box 1735
        Conway, Arkansas 72033
        Phone: 501-336-0050
        Fax: 501-329-4962
        Email: jrankinjr@conwaycorp.net

Lessee:

        Home BancShares, Inc.
        Conway, Arkansas 72032

     LESSOR AND LESSEE, by their execution below, indicate their consent to the
terms of this lease on this The 31 day of August, 2005.

LESSOR

ALLISON, ADCOCK, RANKIN, LLC,

BY: /s/ Jim Rankin, Jr.
    ---------------------------------
    Jim Rankin, Jr., Member

LESSEE

HOME BANCSHARES, INC.

BY: /s/ Randy Mayor
    ---------------------------------
    Randy Mayor

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