Tagged: metropolitan national bank

Simmons First 3Q Earnings Up 27 Percent

by Lance Turner 10/23/2014 8:57 am

Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $8.8 million, or 52 cents per share, up 27 percent from $6.9 million, or 43 cents per share, during the same quarter last year. Simmons also reported “core earnings” of $10.7 million, up 45 percent from the same quarter last year.

Simmons First Continues To Prune Branches in Little Rock, Northwest Arkansas

by Arkansas Business Staff 8/4/2014 12:00 am

Simmons First National Bank of Pine Bluff has sold off three more leftover Pulaski County branches.

Purchases Spur Redevelopment Of Bank Branch Sites

by George Waldon 7/7/2014 12:00 am

Two competitors recently stepped into the Pulaski County banking market to replace Metropolitan National Bank and National Bank of Arkansas. Even with the redevelopment of four NBA branches, Pulaski County has no shortage of banking locations, with 199 full-service branches operated by more than two dozen lenders.

First Arkansas Bank & Trust Also Absorbing Bank Branches

by Arkansas Business Staff 6/30/2014 12:00 am

Larry Wilson, CEO of First Arkansas, confirms his bank's purchase of old Simmons branch in Jacksonville. And he threw in a couple more for good measure: the former Metropolitan branches at the intersection of Highways 321 and 89 in Cabot and at Kiehl and Brockington in Sherwood.

Simmons First Seeks Foreclosure on Funk

by Arkansas Business Staff 6/2/2014 12:00 am

Simmons First National Corp. of Pine Bluff has filed suit against a local manufacturer for some unpaid loans. According to the suit, filed in Pulaski County Circuit Court, the defendant is O.D. Funk Manufacturing Inc., a company that builds outdoor metal buildings like storage sheds and carports.

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 5:02 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 9:45 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 7:33 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.

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.

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.

Metropolitan Bank Posts 4th Consecutive Quarterly Profit

by Gwen Moritz 10/30/2013 4:37 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 8:51 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.

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.

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.