Icon (Close Menu)

Logout

Bank of Gravett, Legacy National Bringing Mix of Old and New to NWA

1 min read

The addition of the Bank of Gravett to Legacy BancShares Inc. will team up the oldest bank in Benton County and one of the youngest in Washington County.

Established on March 22, 1898, the $117.6 million-asset Bank of Gravett is joining Legacy National Bank of Springdale under the Legacy BancShares corporate umbrella through acquisition.

Bank of Gravett’s average return on equity over the past 10 years has ranged from a low of -29.26 percent at year-end 2009 to a high of 6.29 percent last year.

Since 2008, the $475 million-asset Legacy recorded a return-on-equity spread of between -15 percent in 2009 and 7.42 percent last year.

With a staff of 91, Legacy operates three offices in Springdale and one each in Fayetteville and Rogers. Bank of Gravett operates three Benton County branches with a staff of 40.


Bank of Gravett
Total Assets: $117.6 million
Net Income: $259,000
Equity Capital: 16.4 million
Three full-service locations: Two branches in Gravette, and one in Centerton
Staff: 40
As of March 31

  Total Assets Equity Capital Net Income Cash Dividends
2017 $114,121 $16,505 $1,036 $455
2016 $115,695 $16,047 $920 $1,974
2015 $123,105 $17,300 -$293 $1,050
2014 $117,810 $17,684 $1,039 $200
2013 $124,619 $16,990 $366 $150
2012 $140,471 $15,624 $560 $300
2011 $141,937 $15,735 $599 $240
2010 $139,756 $16,589 $446 $0

All dollars in thousands.

Send this to a friend