For the list this week, we crunched bank data from Dec. 31 in a way we haven’t in a few years: by return on assets.
It’s a metric that can shake up the usual suspects – No. 1 is Centennial Bank of Conway, one of the state’s largest banks by assets, followed by DeWitt Bank & Trust, which was one of the smallest.
We say was, because DeWitt B&T is no more. Over the weekend, it was merged into Stone Bank of Mountain View, having been acquired by Stone Bancshares Inc. in June.
In the footnotes is a little bit more bank merger news: River Town Bank of Dardanelle, which has been acquired by Chambers Bancshares Inc. of Danville, will be merged into Chambers Bank on Nov. 4. We got that word from Blake Tarpley, River Town’s president and CEO.
And from state Sen. Bruce Maloch we learned that his employer, Farmers Bank & Trust of Magnolia, now expects its acquisition of Bank of Prescott to be completed in the fourth quarter rather than this month due to a bit of regulatory delay.