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First National Bank Completes One Bank & Trust Purchase

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First National Bank of Paragould on Tuesday completed its acquisition of Little Rock’s One Bank & Trust

The company, which operates as Onebanc, is now operating under the First National Bank charter. The deal was originally announced in April.

“This is an exciting day for all of us,” First National Bank President and CEO Donald Guinn said in a news release. “Today there is no more separation between Onebanc and First National Bank, we are all one family.”

First National Bank said conversion of all six Onebanc locations and services in Little Rock and North Little Rock is ongoing and will be complete by Aug. 27. 

First National operates 13 full-service offices with a staff of 206 in six counties including Greene, Craighead and Clay in northeast Arkansas; Benton and Washington counties in northwest Arkansas; and Cleburne County. The bank recorded a profit of $12.3 million during 2017.

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