Tagged: ford financial fund

Metropolitan Bank Posts $1.3M Second Quarter Profit

by Gwen Moritz 8/1/2013 10:47 am

Metropolitan National Bank, which is being sold through bankruptcy court, reported net income of $1.28 million in the second quarter of 2013, a call report filed with federal regulators shows. CEO Lunsford W. Bridges said said the bank's ratios continue to "show great improvement."

Bidder Proposes $74.2 Million in New Capital for Metropolitan National Bank

by Gwen Moritz 7/30/2013 3:54 pm

Ford Financial Fund II of Dallas plans to invest a bit more than $90 million if it wins its bid to buy Metropolitan National Bank of Little Rock from its holding company, Rogers Bancshares Inc., documents filed in bankruptcy court show. Meanwhile, U.S. Bankruptcy Judge James G. Mixon is expected to rule on various motions, including the bidding timetable, on Wednesday.

Metropolitan Bank Shareholders Unlikely to Get Any Cash

by Gwen Moritz 7/15/2013 12:00 am

Rogers Bancshares Inc., the holding company for Metropolitan National Bank, had negative common equity of $22 million as of March 31. As a result, its creditors are likely to receive only pennies on the dollar from the proposed $16 million sale of Metropolitan.