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Barnett Grace.

Name: Barnett Grace Age: 47 Title: Chairman, President and CEO of First Commercial Corp.

Last year, Barnett Grace took over from Bill Bowen at Little Rock's First Commercial Corp., which has assets of more than $2.3 billion.

The most striking aspect in this changing of the corporate guard was the difference in personalities. Grace's reserved personality stands in stark contrast to Bowen's charisma.

But Grace knows how to press forward with an aggressive acquisition policy. First Commercial has purchased millions in loans and core deposits from First Savings of Arkansas in Little Rock, Landmark Savings Bank of Hot Springs and First America Federal Savings Bank of Fort Smith.

And First Commercial isn't through taking advantage of opportunities presented by failed Arkansas thrifts.

A $12.15-million deal should close later this year to buy Farmers and Merchants Bank of Rogers, which has assets of $87.7 million.

First Commercial also added $20 million to its war chest through an equities offering.

Grace's profile grew when he became chairman of the Greater Little Rock Chamber of Commerce. He soon will relinquish that title to his main competitor, Curt Bradbury of Worthen Banking Corp.
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Title Annotation:Our 30 for the 90's - An Update
Publication:Arkansas Business
Date:Sep 16, 1991
Words:192
Previous Article:Don Jack.
Next Article:Dick Holbert.
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