Posted 10/2/2001 09:55 am
Updated 2 years ago
Total loans dropped to $132 million, down slightly from $136 million a year earlier, while total deposits grew to $161 million, up from $145 million on June 30, 2000.
HCB also announced the appointment of John G. Rich, a lawyer who lives in New Jersey and practices in New York City, to the board of directors. Rich represents Joseph Stilwell, the New York activist investor who bought 6.9 percent of HCB's stock in June.
Stilwell's track record of forcing small, underperforming companies to improve shareholder value or sell was the subject of an article in the Sept. 24 issue of Arkansas Business.