Lay-offs Likely After Arvest Absorbs National Bank

Some of the 80 or so employees of National Banking Corp., the holding company of North Little Rock’s National Bank of Arkansas, will be out of a job soon.

As you know Arvest Bank is buying NBA, and the NBA employees are applying for jobs with Arvest.

“We have asked them to apply for jobs, and I really don’t have much information at this point until after the interviews take place,” said John Womack, chairman and CEO of Arvest in Little Rock. “There will probably be some reductions in staff.”

But he said it was difficult to say how many positions would be eliminated. He said he should have an answer by the middle of December.