» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 175 | Monday, September 09, 2013

Arvest Intends Offer for Metropolitan National Bank

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 90 347 2,387
MORTGAGES 126 456 3,319
FORECLOSURE NOTICES 13 106 782
BUILDING PERMITS 167 921 6,335
BANKRUPTCIES 59 280 2,407
BUSINESS LICENSES 22 134 1,064
UTILITY CONNECTIONS 85 440 3,442
MARRIAGE LICENSES 18 95 623

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.