Investors Complete HCB Bancshares Buy

by Arkansas Business staff  on Friday, Aug. 27, 2004 11:45 am  

L. Walter Quinn, president of Rock Bancshares Inc., said Friday that the group has completed its $27.9 million acquisition of HCB Bancshares Inc. and its wholly-owned subsidiary, Heartland Community Bank.

The sale closed on Thursday, the companies said.

The bank will continue to operate as Heartland Community Bank, and Clyde H. Henderson has been named president and CEO.

"We are pleased to have the opportunity to serve the communities of Bryant, Sheridan, and Fordyce," Henderson said. "We are looking forward to expanding the services we offer and building a working relationship with the communities we serve."

Quinn also said that the company completed the sale of the two Heartland branches in Camden to Farmers Bank & Trust Co. of Magnolia.

Earlier this month, the companies announced they had received approval for the deals by the Office of Thrift Supervision. Quinn has yet to name the partners in privately held Rock Bancshares, a thrift holding company. He has said some investors are Arkansans.



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