Correspondent Bank Sold to Regional Holding Company

Arkansas Bankers’ Bancorporation, holding company for Arkansas Bankers’ Bank of Little Rock, announced Friday that it is being sold to First National Banker’s Bankshares of Baton Rouge, La., holding company for three similar correspondent banks.

“Our board of directors feels strongly that the merger positions ABB for the future so that we can meet the new and ever demanding needs of our customer banks,” Jimmy Thomason, president and CEO of Arkansas Bankers’ Bank, said in a news release. “The additional services, technologies and synergies provided by this merger, along with the strength of a $725 million bank holding company, will allow ABB to continue to service our customers’ needs well into the next decade and beyond.”

Correspondent Bank Sold to Regional Holding Company – Arkansas Business

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: