Bank Deals Fly Despite a Flattening Of Deposits

by Gwen Moritz  on Monday, Nov. 4, 2013 12:00 am  

• Bank of the Ozarks of Little Rock also moved ahead of Centennial by adding $76.3 million in deposits in Arkansas, an increase of 4.8 percent that brought its total to $1.66 billion. BOZ’s deposits grew even more — by almost $106 million — outside the state, where deposits totaled $1.34 billion.

• Centennial, then, dropped to No. 8 when ranked by Arkansas deposits, thanks to a decline of 7.4 percent in in-state deposits. For the first time, Centennial’s out-of-state deposits, $1.73 billion, surpassed its Arkansas deposits, $1.63 billion.

• Deposits at Simmons First National Bank’s Arkansas branches declined by $41.2 million, a 3 percent drop to $1.29 billion. Simmons First National Corp. had seven other bank charters in Arkansas (until last Friday), and the holding company’s total deposits of $2.52 billion represented a decline of less than 2 percent from the previous year. Simmons stands to add $862.5 billion in deposits when it acquires Metropolitan, but deposit runoff after a bank merger is typical.

• IberiaBank of Lafayette, La., added $117.7 million in deposits to bring its Arkansas deposits to $1.1 billion, breaking the billion-dollar mark for the first time. That represents just more than 2 percent of the statewide deposits.

 

 

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