Metropolitan Bank Shareholders Unlikely to Get Any Cash

by Gwen Moritz  on Monday, Jul. 15, 2013 12:00 am  

Susie Smith

Rogers Bancshares Inc., the holding company for Metropolitan National Bank, had negative common equity of $22 million as of March 31. As a result, its creditors are likely to receive only pennies on the dollar from the proposed $16 million sale of Metropolitan.

Want the Full Article?

Get Unlimited Archive Access for $19.95 per Year

Readers must pay to access stories older than 20 days.

Purchase Now

Already have archive access? Login to view this article.


Latest Arkansas Business Poll

Will you be shopping online for Cyber Monday?