Bank of England Has Reached an Agreement to Acquire the Carlisle and England Branch Offices from First Community Bank, Jonesboro.Business Editors ENGLAND, Ark.--(BUSINESS WIRE)--July 23, 2002 Gary Canada, Sr., President of Bank of England Bank of England, central bank and note-issuing institution of Great Britain. Popularly known as the Old Lady of Threadneedle Street, its main office stands on the street of that name in London. , England, Arkansas England is a city in Lonoke County, Arkansas, United States. The population was 2,972 at the 2000 census. It is part of the 'Little Rock-North Little Rock-AR Metropolitan Statistical Area'. England is home of the England Lions. It is a farming community. and Dwayne Powell, President of Pocahontas Bancorp, Inc. (Nasdaq NMS See NetWare Management System. :PFSL PFSL Poznan Foundation of Scientific Libraries (Poland) PFSL Primerica Financial Services Ltd (Canada) PFSL Park Financial Services Ltd (UK) ), the holding company for First Community Bank, Jonesboro, Arkansas Jonesboro is a city in Craighead County, Arkansas, United States. According to 2006 Census Bureau estimates, the population of the city is 59,358.[1] Jonesboro is the county seat, the largest city in northeast Arkansas, and the fifth most populous city in the state. announced the signing of an agreement for First Community Bank to sell its banking offices in, Carlisle and England, Arkansas to Bank of England, Arkansas. Commenting on the proposed acquisition, Mr. Canada states, "We are excited about this opportunity to expand into Carlisle as well as increase our market presence in England. We are confident that Bank of England's philosophy of community banking will be well received in the Carlisle community." This new location provides the opportunity for Bank of England to expand their presence to the eastern part of Lonoke County. At this time, Bank of England has offices in Scott, England and Lonoke, serving the eastern part of Pulaski County Pulaski County is the name of several counties in the United States:
Dwayne Powell said, "We look forward to focusing on our other Arkansas markets and will continue our banking operations in those markets currently serviced by First Community Bank. The sale of the England and Carlisle facilities and deposits, as with the sale of any of our banking operations, was reached after much deliberation." Pending regulatory approvals from the Arkansas State Bank Department and the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. , the transaction is expected to close during the fourth quarter of 2002. Bank of England had $74 million in assets as of March 31, 2002. The Bank's main office may be contacted at (501) 842-2555 or 123 South Main Street, England, Arkansas 72046. |
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