Tagged: metropolitan national bank

Simmons First 1Q Profit Down 27 Percent

by Lance Turner 4/17/2014 11:33 am

Simmons First National Corp. of Pine Bluff on Thursday reported a 27 percent decline in first-quarter profit but said "core earnings," which exclude one-time costs related to its purchase of Metropolitan National Bank of Little Rock, rose compared to the same quarter last year.

Judge To Rule On Rogers Bancshares Liquidation Plan in March

by Arkansas Business Staff 2/24/2014 12:00 am

As the Chapter 11 bankruptcy of Rogers Bancshares Inc. of Little Rock winds down, it looks like the secured creditors will be taken care of to the tune of nearly $45 million.

Former MNB CEO Lunsford Bridges Now Consulting for Simmons

by Jan Cottingham 1/27/2014 05:02 pm

Lunsford Bridges, long-time president and CEO of Metropolitan Bank, is now consulting for Simmons First National Bank, which acquired Metropolitan last year, in a "supervisory role."

From Allens to Rogers Bancshares, Bankrupt Firms Still Entice Buyers

by Mark Friedman 1/20/2014 12:00 am

Businesses have been buying businesses out of bankruptcy for years and the trend should continue, said Michael Stewart, a partner in Faegre Baker Daniels LLP of Minneapolis, a 750-attorney law firm that focuses on financial restructuring services.

Virgil Miller Joins Arvest Bank Group

by Arkansas Business Staff 12/18/2013 09:45 am

Arvest Bank says Virgil Miller, most recently Community Reinvestment Act director for Metropolitan National Bank of Little Rock, has joined Arvest as its CRA director.

Simmons First National Closes on Metropolitan National Bank Acquisition

by Lance Turner 11/25/2013 07:33 pm

Simmons First National Corp. of Pine Bluff says it has closed on its $53.6 million acquisition of Metropolitan National Bank of Little Rock. Simmons says the deal gives it greater presence in central and northwest Arkansas, allowing it to enter new markets including Benton, Bryant, Cabot and Maumelle.

Bank Deals Fly Despite a Flattening Of Deposits

by Gwen Moritz 11/4/2013 12:00 am

Total bank deposits in Arkansas declined by about a half-percent in the 12 months that ended June 30, but that certainly doesn't mean the state's banking industry is stagnant.

Driver Target of Lawsuit After Bank Crash

by Arkansas Business Staff 11/4/2013 12:00 am

Rogers Bancshares seeks payment from a North Little Rock man after he crashed his car into a Maumelle Metropolitan Bank branch in 2012.

Metropolitan Bank Posts 4th Consecutive Quarterly Profit

by Gwen Moritz 10/30/2013 04:37 pm

Metropolitan National Bank of Little Rock, which is set to be acquired by Simmons First National Bank of Pine Bluff in December, announces a third-quarter profit of $1.59 million.

Bank Fees Add Up for Ford Financial Fund

by Arkansas Business Staff 10/28/2013 12:00 am

Last week, U.S. Bankruptcy Judge James Mixon awarded Ford Financial Fund II of Dallas $1.79 million for costs it incurred acting as the “stalking horse bidder” for Metropolitan National Bank, which meant it had the opportunity to match any other bids received.

Simmons 3Q Net Income Up 2.5 Percent Despite Expenses

by Gwen Moritz 10/17/2013 08:51 am

The publicly traded Pine Bluff bank holding company noted that it had $439,000 in after-tax expenses related to merger costs and branch closings, which weighed on the bottom line.

Simmons First National Not Alone In Bank Branch Assessment

by George Waldon 9/16/2013 12:00 am

The $53.6 million Chapter 11 acquisition of Metropolitan National Bank will pose some assimilation questions for executives at Simmons First National Corp. of Pine Bluff, particularly in the overlapping footprints in northwest and central Arkansas.

Keeping It Close to Home (Editorial)

by Arkansas Business Editors 9/16/2013 12:00 am

Yes, we know that banks in Arkansas have not been completely immune to the avoidable mistakes and unavoidable economic factors that brought down hundreds of banks across the country during the past five years. But the auction last week of Metropolitan National Bank was oddly reaffirming of the overall strength of the Arkansas banking industry.

2013: The Summer of Big Bank Deals

by Lance Turner 9/16/2013 12:00 am

The sale of Metropolitan National Bank is one of three prominent bank deals that's been playing out in 2013.

When Does Pro-Consumer Competition Become Bad for Banking?

by George Waldon 9/16/2013 12:00 am

Larry Wilson, chairman, president and CEO of First Arkansas Bank & Trust of Jacksonville, believes regulators need to quit rubber-stamping branch expansions and develop new evaluation criteria.

Judge Approves Simmons First's $53.6M Bid for Metropolitan National Bank

by Lance Turner and George Waldon 9/12/2013 09:37 am

Simmons First National Corp. of Pine Bluff bid $53.6 million to acquire Metropolitan National Bank of Little Rock from Rogers Bancshares Inc., according to details of the auction shared during a hearing in U.S. Bankruptcy Court on Thursday.

What's Next in the Simmons First Play for Metropolitan National Bank?

by Lance Turner and Gwen Moritz 9/10/2013 10:30 am

Simmons First National Corp. of Pine Bluff has submitted the winning bid to purchase Metropolitan National Bank of Little Rock. So what's next in this historic banking deal?

Simmons First Submits 'Successful Bid' for Metropolitan Bank

by Lance Turner 9/9/2013 06:31 pm

Simmons First National Corp. of Pine Bluff says that it has submitted the successful bid to purchase Metropolitan National Bank of Little Rock.

Metropolitan Bank Auction Happening Today

by Lance Turner 9/9/2013 08:38 am

That historic auction of Metropolitan National Bank of Little Rock takes place today, with bidders including Simmons First National Corp. of Pine Bluff and Arvest Bank of Fayetteville.

Rogers Stock Loan Repaid to Centennial Bank

by Arkansas Business Staff 9/9/2013 12:00 am

$8 million in debt owed to Centennial Bank of Conway which was personally guaranteed by Doyle Rogers, was paid off very recently.