Rogers Bancshares

$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 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 >

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 >

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 >

Who won the give-and-take of sorting out details of the pending bankruptcy court auction of Little Rock’s Metropolitan National Bank? By our count, the score was 3-2 in favor of the debtor, Rogers Bancshares Inc. read more >

Did you know a federal bankruptcy judge slashed the proposed stalking-horse fee in the pending bid-sale of Metropolitan National Bank? read more >

Metropolitan National Bank, which is being sold through bankruptcy court, reported net income of $1.28 million in the second quarter of 2013, a call report filed with federal regulators shows. CEO Lunsford W. Bridges said said the bank's ratios continue to "show great improvement." read more >

Ford Financial Fund II of Dallas plans to invest a bit more than $90 million if it wins its bid to buy Metropolitan National Bank of Little Rock from its holding company, Rogers Bancshares Inc., documents filed in bankruptcy court show. Meanwhile, U.S. Bankruptcy Judge James G. Mixon is expected to rule on various motions, including the bidding timetable, on Wednesday. read more >

Last week, we told you about the identities of the investors who bought preferred stock from Rogers Bancshares Inc., the holding company for Metropolitan National Bank, but it turns out we had the dollar amount of preferred stock wrong. read more >

Tucked in the recent Chapter 11 bankruptcy filing of Rogers Bancshares Inc., the holding company for Metropolitan National Bank, are the identities of the investors who bought $13.2 million worth of preferred stock. read more >

Rogers Bancshares Inc., the holding company for Metropolitan National Bank, had negative common equity of $22 million as of March 31. As a result, its creditors are likely to receive only pennies on the dollar from the proposed $16 million sale of Metropolitan. read more >

A Dallas investment fund has signed a definitive agreement to purchase Metropolitan National Bank of Little Rock from its holding company, which late Friday filed for Chapter 11 bankruptcy reorganization to facilitate the sale, and to recapitalize the bank to the level required by federal regulators. read more >

Six Arkansas lenders remain as participants in the U.S. Treasury’s Capital Purchase Program-Troubled Asset Relief Program. Half are current on their quarterly payments to Uncle Sam. read more >