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Bank buy.


Heard about a bank merger in the works in east Arkansas Arkansas, river, United States
Arkansas (ärkăn`zəs, är`kənsô'), river, c.1,450 mi (2,330 km) long, rising in the Rocky Mts., central Colo.
?

The proposed deal has The Farmers & Merchants Bank of Stuttgart Stuttgart, city, Germany
Stuttgart (shtt`gärt), city (1994 pop. 594,406), capital of Baden-Württemberg, SW Germany, on the Neckar River.
 acquiring First National Bank of Marianna Marianna may refer to:
  • Marianna, Arkansas, USA
  • Marianna, Florida, USA
  • An English spelling for Mariana, Minas Gerais, Brazil
  • 602 Marianna, an asteroid, number 602 in the minor planet catalog
.

First National, with two Lee County locations, reported total assets of $57.3 million and net income of $611,000 during 2008. That compares with $56 million in total assets and a $439,000 profit in 2007.

Farmers & Merchants tallied assets of more than $454 million and a nearly $6.3 million profit at year-end year-end also year·end
n.
The end of a year.

adj.
Occurring or done at the end of the year: a year-end audit.

Noun 1.
 2008.

Look for the deal to go through the regulatory review process in the coming weeks.
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Title Annotation:Whispers
Publication:Arkansas Business
Date:May 4, 2009
Words:98
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