Printer Friendly

Metropolitan National to acquire Waschka firm.

The Little Rock investment firm founded by Larry Waschka, who drowned during a vacation to Mexico earlier this month, will become part of Metropolitan National Bank's wealth management division, the two companies announced last week.

Terms of the deal were not announced by either of the privately held businesses.

In a press release, Waschka's widow, Jessica Waschka, said Metropolitan was chosen "strategically ... to ensure the firm's business principals would be continued."

Jessica Waschka had announced shortly after her husband's death the appointment of a board of advisers to help her decide what to do with 14-year-old Waschka Capital Investments.

Angie Johnson, a member of Waschka's senior management team and a certified financial planner; Charles Martin, a chartered financial analyst and Ph.D. in financial economics; and the rest of Waschka's staff will join Metropolitan when the merger is finalized on Dec. 1.

Metropolitan's Wealth Management Division is headed by Gene Jennings and Tom Carlson.

"Waschka's client-centered, fee-only approach to wealth management will continue at Metropolitan," said Lunsford W. Bridges, president and CEO of Metropolitan. "We are excited to add the level of expertise Waschka's employees will bring to our organization and will carry on the same tradition of excellence to which Waschka's clients have become accustomed."
COPYRIGHT 2004 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Banking & Finance; Waschka Capital Investments
Comment:Metropolitan National to acquire Waschka firm.(Banking & Finance)(Waschka Capital Investments)
Author:Moritz, Gwen
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 29, 2004
Previous Article:Pryor to speak at Farm Bureau.
Next Article:SBC brings wireless Internet to bookstore.

Related Articles
First public offering backed by co-op mortgages.
Stand and deliver: Kevin Cohee turned OneUnited into the nation's largest black banking institution one acquisition at a time. And he's not finished...
Metropolitan finds place on skyline.
Hillcrest property.
Eye for opportunity.
U.S. equity partners sells ALM to incisive media.
U.S. Equity partners sells ALM to Incisive Media.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters