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Crossing the state line.

You've probably already heard about Boatmen's Bancshares Inc. of St. Louis striking a deal to buy Superior Federal Bank of Fort Smith. The biggest holding company in Missouri will inject $28 million in equity capital into the largest Arkansas-based thrift.

Superior, which operates 29 branches in 19 cities across the state, reported a $4.8 million profit during the third quarter of 1991.

Shortly before news of the deal broke, Union Planters Corp. of Memphis, Tenn. was mentioned as a possible suitor in the deal.

For those keeping score, potential deals are still floating around involving:

* Union of Arkansas Corp. of Little Rock and Citizens Bancshares Corp. of Jonesboro with combined assets of more than $900 million. The two McAdams family holding companies control Union National Bank affiliates in Little Rock; Magnolia; Temple, Okla.; and Austin, Texas, along with Citizens Bank of Jonesboro.

* TCBankshares Inc. of North Little Rock with total assets of about $800 million. The Lyon family holding company controls Twin City Bank of North Little Rock, First National Bank of Crawford County at Van Buren, First National Bank of Conway County at Morrilton, First National Bank of Cleburne County at Quitman and First Ozark National Bank at Flippin.

First Commercial Corp. of Little Rock, Worthen Banking Corp. of Little Rock and the insolvent Home Savings Association of Kansas City, Mo., have also been mentioned as holding companies that might be in play.

It doesn't leave much out, does it?
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Title Annotation:Whispers; St. Louis, Missouri-based Boatmen's Bancshares Inc. to acquire Fort Smith, Arkansas-based Superior Federal Bank
Publication:Arkansas Business
Article Type:Brief Article
Date:Jan 27, 1992
Words:242
Previous Article:Regulatory wrangling.
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