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VOL. 128 | NO. 175 | Monday, September 09, 2013

Arvest Intends Offer for Metropolitan National Bank

AP

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LITTLE ROCK, Ark. (AP) – A second bank says it will make an offer for Little Rock-based Metropolitan National Bank when it goes on the auction block next Monday.

Arvest Bank said in a legal notice published Thursday in the Arkansas Democrat-Gazette that it intends to bid on Metropolitan, which has about $1 billion in assets.

Arvest did not say how much it will bid for the bank. Arkansas Business reported Thursday that Simmons First National Bank Corp. had offered $16.9 million to acquire Metropolitan.

Rogers Bancshares Inc. owns Metropolitan and is offering to sell Metropolitan through an auction Monday that would be the first of its kind in Arkansas banking history. U.S. Bankruptcy Judge James Mixon has scheduled a hearing for Sept. 12 to consider approving the winning bid.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 92 388 9,204
MORTGAGES 119 513 12,365
FORECLOSURE NOTICES 0 98 2,526
BUILDING PERMITS 0 960 20,801
BANKRUPTCIES 77 338 7,964
BUSINESS LICENSES 14 91 3,315
UTILITY CONNECTIONS 180 695 11,718
MARRIAGE LICENSES 33 147 2,815

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