Metropolitan National Bank Finds a Savior as Dallas Investment Fund Agrees to Purchase

by Gwen Moritz  on Friday, Jul. 5, 2013 4:00 pm  

Lunsford Bridges will continue as CEO of Metropolitan National Bank of Little Rock after its planned sale later this summer.

A Dallas investment fund has signed a definitive agreement to purchase Metropolitan National Bank of Little Rock from its holding company, which late Friday filed for Chapter 11 bankruptcy reorganization to facilitate the sale, and to recapitalize the bank to the level required by federal regulators.

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