Printer Friendly

One Bank of Hot Springs.

Another Day, Another Dollar, Another Name

The financial community buzz is that OneBank of Hot Springs will soon be sold to the Bank of Malvern.

OneBank has already changed letterhead several times in the last few years -- Grand National, First American, OneBank, and now?

Current OneBank-HS president Don Underwood says, "We can't talk about anything, but nothing's been done yet." And the Federal Reserve Bank in St. Louis has not seen any paperwork yet.

Still, employees and insiders are talking. We hear Paul Offutt, now president of the Bank of Malvern and a former president of the Hot Springs institution, is slated to be the new bank's leader.

OneBank-HS is wrapping up a great year according to Underwood and will close out with about $60 million in assets, a 25 percent jump over last year. The Bank of Malvern has about $84 million in assets.

Bryan Hunt couldn't be reached for comment.
COPYRIGHT 1991 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Arkansas Business
Date:Jan 7, 1991
Previous Article:Riverside Motors.
Next Article:A textbook case.

Related Articles
After the fall.
CEO faces challenges at Hot Springs bank.
Making a spa city splash: new $3 million plastics plant is in the near future for hot springs.
Arkansas' Hollywood.
Community banks prove attractive to investors.
Plaza is a cornerstone of Hot Springs development.
Summit View.
Arkansas Capital members dominate SBA lenders list.
Largest SBA lenders.
Pine Bluff bankers push into crowded hot springs market: Jefferson Bancshares buying Charter, teaming with local businessmen to create 'community...

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