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Bank Buys Spur Talk in Corner MarketsLock Icon

1 min read

Did you know another bank buy is in the works?

Down in Ashley County, a Louisiana suitor is pursuing the parent company of Crossett’s First National Bank in a $12.8 million deal.

A definitive agreement is in place for Century Next Financial Corp. of Ruston to purchase Ashley Bancstock Co. and its $156 million-asset bank.

The plan is to merge First National, with its staff of 42 and four full-service locations in Ashley County, into the Bank of Ruston, which has $289 million in assets.

First National has two offices in Crossett and one each in Hamburg and Fountain Hill. The bank recorded a $2.3 million profit during 2017.

The deal in extreme southeast Arkansas joins a pending merger in extreme northwest Arkansas announced earlier this month.

Legacy BancShares Inc. of Springdale intends to acquire Gravett Bancshares Inc., holding company of the $117 million-asset Bank of Gravett.

The Benton County lender recorded a $1 million profit during 2017, supported by a staff of 41 in three full-service locations in Gravette, Hiwasse and Centerton.

Legacy BancShares is the parent company of the $458 million-asset Legacy National Bank, which has one full-service branch in Benton County.

In addition to the Rogers office, Legacy has four full-service offices in Washington County, three in Springdale and one in Fayetteville.

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