UPDATE: First Federal to Acquire First National of Hot Springs, Heritage Bank of Jonesboro

by Gwen Moritz  on Monday, Jul. 1, 2013 3:30 pm  

On the day Chris Wewers succeeded Dabbs Cavin as CEO of First Federal Bancshares, the Harrison thrift-holding company announced the acquisition of First National Security Co., the holding company for First National Bank of Hot Springs and Heritage Bank in Jonesboro.

First Federal Bancshares of Arkansas, the publicly traded parent company of First Federal Bank of Harrison, announced Monday a deal to acquire First National Bank of Hot Springs and Heritage Bank in Jonesboro in a deal worth almost $124 million.

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