First Southern Bank of Batesville Fears It Bought $22 Million Worth of Fake Bonds by Arkansas Business Staff Posted 12/6/2010 12:00 am Updated 6 years ago First Southern Bank of Batesville bought $22 million worth of rural improvement district bonds that may be fraudulent. It is now looking to merge with another bank because of the potential loss. Want the Full Article? Get Unlimited Archive Access for $19.95 per Year Readers must pay to access stories older than 15 days. Purchase Now Already have archive access? Login to view this article.