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From Allens to Rogers Bancshares, Bankrupt Firms Still Entice Buyers

Businesses have been buying businesses out of bankruptcy for years and the trend should continue, said Michael Stewart, a partner in Faegre Baker Daniels LLP of Minneapolis, a 750-attorney law firm that focuses on financial restructuring services. read more >
Virgil Miller
Banking & Finance

Virgil Miller Joins Arvest Bank Group

Arvest Bank says Virgil Miller, most recently Community Reinvestment Act director for Metropolitan National Bank of Little Rock, has joined Arvest as its CRA director. read more >
George Makris Jr., CEO-elect Simmons First National Corp. of Pine Bluff
Banking & Finance / Public Companies

Simmons First National Closes on Metropolitan National Bank Acquisition

Simmons First National Corp. of Pine Bluff says it has closed on its $53.6 million acquisition of Metropolitan National Bank of Little Rock. Simmons says the deal gives it greater presence in central and northwest Arkansas, allowing it to enter new markets including Benton, Bryant, Cabot and Maumelle. read more >
Banking & Finance / Business Services / Public Companies

Bank Deals Fly Despite a Flattening Of Deposits

Total bank deposits in Arkansas declined by about a half-percent in the 12 months that ended June 30, but that certainly doesn’t mean the state’s banking industry is stagnant. read more >
Banking & Finance / Legal / Transportation

Driver Target of Lawsuit After Bank Crash

Rogers Bancshares seeks payment from a North Little Rock man after he crashed his car into a Maumelle Metropolitan Bank branch in 2012. read more >
Banking & Finance / Investments / Public Companies

Metropolitan Bank Posts 4th Consecutive Quarterly Profit

Metropolitan National Bank of Little Rock, which is set to be acquired by Simmons First National Bank of Pine Bluff in December, announces a third-quarter profit of $1.59 million. read more >
Banking & Finance / Investments / Legal

Bank Fees Add Up for Ford Financial Fund

Last week, U.S. Bankruptcy Judge James Mixon awarded Ford Financial Fund II of Dallas $1.79 million for costs it incurred acting as the “stalking horse bidder” for Metropolitan National Bank, which meant it had the opportunity to match any other bids received. read more >
Banking & Finance / Investments / Public Companies

Simmons 3Q Net Income Up 2.5 Percent Despite Expenses

The publicly traded Pine Bluff bank holding company noted that it had $439,000 in after-tax expenses related to merger costs and branch closings, which weighed on the bottom line. read more >
Wallace Fowler
Banking & Finance

2013: The Summer of Big Bank Deals

The sale of Metropolitan National Bank is one of three prominent bank deals that’s been playing out in 2013. read more >
Banking & Finance

Keeping It Close to Home (Editorial)

Yes, we know that banks in Arkansas have not been completely immune to the avoidable mistakes and unavoidable economic factors that brought down hundreds of banks across the country during the past five years. But the auction last week of Metropolitan National Bank was oddly reaffirming of the overall strength of the Arkansas banking industry. read more >
Though no announcement has been made about the naming of the tallest building in Arkansas, the acquisition of Metropolitan National Bank by Simmons First National could soon change the state's landscape in other ways. (Photo Illustration)
Agriculture & Poultry / Banking & Finance / Business Services / Media & Marketing / Public Companies / Tourism

Simmons First National Not Alone In Bank Branch Assessment

The $53.6 million Chapter 11 acquisition of Metropolitan National Bank will pose some assimilation questions for executives at Simmons First National Corp. of Pine Bluff, particularly in the overlapping footprints in northwest and central Arkansas. read more >
Banking & Finance / Business Services

When Does Pro-Consumer Competition Become Bad for Banking?

Larry Wilson, chairman, president and CEO of First Arkansas Bank & Trust of Jacksonville, believes regulators need to quit rubber-stamping branch expansions and develop new evaluation criteria. read more >
Banking & Finance / Legal / Public Companies

Judge Approves Simmons First’s $53.6M Bid for Metropolitan National Bank

Simmons First National Corp. of Pine Bluff bid $53.6 million to acquire Metropolitan National Bank of Little Rock from Rogers Bancshares Inc., according to details of the auction shared during a hearing in U.S. Bankruptcy Court on Thursday. read more >
Simmons First National Bank Corp. building in Little Rock.
Banking & Finance / Legal / Public Companies

What’s Next in the Simmons First Play for Metropolitan National Bank?

Simmons First National Corp. of Pine Bluff has submitted the winning bid to purchase Metropolitan National Bank of Little Rock. So what's next in this historic banking deal? read more >
A  bankruptcy sale next month will separate Metropolitan National Bank from its insolvent parent company and bring the bank much- needed capital. 
Banking & Finance / Investments / Public Companies

Simmons First Submits ‘Successful Bid’ for Metropolitan Bank

Simmons First National Corp. of Pine Bluff says that it has submitted the successful bid to purchase Metropolitan National Bank of Little Rock. read more >
Banking & Finance / Investments / Legal

Metropolitan Bank Auction Happening Today

That historic auction of Metropolitan National Bank of Little Rock takes place today, with bidders including Simmons First National Corp. of Pine Bluff and Arvest Bank of Fayetteville. read more >
Banking & Finance

Rogers Stock Loan Repaid to Centennial Bank

$8 million in debt owed to Centennial Bank of Conway which was personally guaranteed by Doyle Rogers, was paid off very recently. read more >
Simmons First National Bank Corp. building in Little Rock.
Banking & Finance / Investments / Public Companies

Update: Simmons First, Arvest Submit Bids for Metropolitan National Bank

Simmons First National Corp. of Pine Bluff and Arvest Bank of Fayetteville are submitting bids to acquire Metropolitan National Bank of Little Rock, according to legal notices and documents filed this week. Simmons First has submitted a bid of at least $16.9 million to acquire Metropolitan National Bank of Little Rock, the minimum required to overbid the "stalking horse" bidder, Ford Financial Fund II of Dallas, the according to a document filed Wednesday with the U.S. Securties & Exchange Commission. read more >
Banking & Finance / Investments / Legal

Doyle Rogers Estate Bank Debt Backed with Worthless Stock

The estate of Doyle Rogers Sr. owes about $8 million in outstanding debt to Centennial Bank of Conway. The controlling interest in Rogers Bancshares held by Rogers Family Ltd. No. 2 secured an original $10.1 million loan dating back to February 2010. read more >
A  bankruptcy sale next month will separate Metropolitan National Bank from its insolvent parent company and bring the bank much- needed capital. 
Banking & Finance / Business Services / Government & Politics / Investments / Legal / Public Companies

Susie Smith Testimony Recounts Trials, Tribulations at Metropolitan National Bank

Perhaps no one can appreciate the battle to save Metropolitan National Bank more than Susie Smith, Metropolitan’s senior executive vice president, COO and CFO. Her testimony at a July 26 hearing in Little Rock’s U.S. Bankruptcy Court offers a glimpse inside the embattled, former $1.8 billion-asset lender. read more >