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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 This material may not be published, broadcast, rewritten or redistributed.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 56 137 4,903
MORTGAGES 88 226 6,452
FORECLOSURE NOTICES 6 25 1,504
BUILDING PERMITS 170 318 11,577
BANKRUPTCIES 65 119 5,078
BUSINESS LICENSES 27 46 1,982
UTILITY CONNECTIONS 84 227 6,693
MARRIAGE LICENSES 15 44 1,385

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