From Allens to Rogers Bancshares, Bankrupt Firms Still Entice Buyers

by Mark Friedman  on Monday, Jan. 20, 2014 12:00 am  

Dinoff, who has been involved in more than 40 bankruptcies, said buying a business out of bankruptcy could be a good deal for the buyer if it’s done correctly.

Simmons’ Garner said Simmons isn’t suffering from buyer’s remorse.

Simmons recently announced it was closing 27 of its 88 Arkansas branches as a result of the Metropolitan purchase. “There are several locations where we have branches across the street and we have branch overlap,” Garner said.

He said the purchase has “absolutely been wonderful for us so far. We expect it to continue to be a good acquisition for many, many years,” Garner said.

 

 

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