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Magnolia Banking Corp.

Insurance / Manufacturing / Transportation

Private Companies See Solid Revenue Growth for 2022

Mountaire Corp. of Little Rock remained the largest private company headquartered in Arkansas as measured by revenue in fiscal 2022. read more >
Doug Hendrix, left, and his brother David Hendrix own Summerwood Partners LLC of Bryant, which owns convenience store chain Big Red and this year ranked No. 5 for revenue growth among the largest private companies in Arkansas.
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2021: A Good Year for Big Private CompaniesLock Icon

For most of the businesses on this year’s list of Arkansas’ 75 largest private companies, top-line revenue in 2021 was significantly better than in 2019, before any of us had heard of COVID-19. read more >
Chris Hegi, CEO of First Financial Bank of El Dorado
Banking & Finance / Investments

First Financial Bank, Farmers Bank & Trust Close Acquisitions

A pair of south Arkansas bank companies completed acquisitions this month. read more >
The Farmers Bank & Trust Building at 200 E. Third St. in Hope
Banking & Finance

The Fed Approves Merger of Farmers, Bank of Prescott

The Federal Reserve Board has approved the previously announced merger of the $67 million-asset Bank of Prescott with the $1.6 billion-asset Farmers Bank & Trust of Magnolia. read more >
The only two bank locations in Nevada County sit across East Second Street South in Prescott from each other, Bank of Prescott on the left side of the photo and Bank of Delight on the right.
Banking & Finance / Business Services / Investments

Bank of Prescott Attracts $8.4M Purchase Offer

The proposed sale of the last lender headquartered in Nevada County represents a nearly $8.4 million cash transaction. read more >
Chris Gosnell
Banking & Finance / Insurance

Farmers B&T of Magnolia to Acquire Bank of Prescott

Farmers Bank & Trust of Magnolia announces a deal to acquire the Bank of Prescott in the third quarter of 2019, but the financial terms of the deal were not released. read more >
Banking & Finance / Investments

Magnolia Banking Makes Texas Play in $31.8M Deal

The holding company of $884 million-asset Farmers Bank & Trust of Magnolia should complete the purchase of First National Bancshares of Hempstead County Inc. of Hope before year’s end. First National is the parent company of the $310.3 million-asset 1st Bank of Texarkana, Texas. read more >
Banking & Finance

Farmers Bank of Magnolia Makes Deal to Buy 1st Bank of Texarkana, Texas

No price tag on the deal was included in the announcement; 1st Bank's equity capital stood at $30.9 million as of March 31. read more >