First Arkansas Bank & Trust Targets John Rogers Assets to Satisfy $15M Judgment

First Arkansas Bank & Trust Targets John Rogers Assets to Satisfy $15M Judgment
The Ozark Mountain cabin owned by John Rogers at 438 Yeoman Drive in southeastern Searcy County.

The ardent pursuit of John Rogers’ assets by Jacksonville’s First Arkansas Bank & Trust has produced meager results so far. But the lender’s aggrieved zeal remains undiminished to recover whatever it can toward a $15 million judgment against the alleged fraudster.

To date, First Arkansas has collected $3,394 by garnishing accounts in a sweep of 14 lenders. The biggest known Rogers asset currently in play is a small Ozark Mountain cabin.

The 768-SF dwelling, about 20 miles southwest of Marshall, was purchased by Rogers for $63,000 in March 2008. The 10-acre wooded property is about a mile east of the Welcome Home community in southeastern Searcy County.

During its hunt for Rogers’ assets this spring, the bank tried to serve him with legal paperwork at his North Little Rock mansion.

Rogers contacted the deputy sheriff who made the delivery and said he no longer lived in Arkansas. He said he now resided on the Gulf Coast and was working on a boat out of Gulf Shores, Alabama.

However, bank officials were told that Rogers was seen locally that same day picking up one of his children from school.

The bank’s judgment against Rogers started at nearly $14.5 million in January. The tally has grown steadily, compounded by daily post-judgment interest of $3,981.

Rogers claimed his 2003 GMC Yukon was exempt from forfeiture. Nonetheless the SUV is on a list with five other vehicles First Arkansas pursued: a 2012 Mercedes Benz GL550, a 2013 Toyota Camry, a 2004 Lincoln Navigator, a 1975 Cadillac convertible and a 2007 Ford Econoline van.

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