Printer Friendly

Wait and see.

Wait And See

Our insider who told us about a $3.5 million buyout offer for First National Bank of Fordyce says the federal regulators should be making a ruling on the transaction any day.

The regs have been so backed up with problem institutions in the region, we wonder if this proposal won't get bogged down in the bureaucratic channel and take a little longer than that.

You might recall from our whisper in June that Peter Jaffe, a 24-year-old New York investor, is the would-be buyer in this deal.
COPYRIGHT 1988 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1988 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:pending buyout offer for First National Bank of Fordyce
Publication:Arkansas Business
Date:Aug 1, 1988
Previous Article:A new Kentucky home?
Next Article:And a warm welcome.

Related Articles
Texarkana banker settles dispute insider, lawsuits (Texarkana's Commercial National Bank Chmn Julia Peck Mobley)
El Dorado Bank makes most SBA-guaranteed loans.
Industrial transaction. (Real Deals).
PB market shows effect of Megabank acquisitions: local banks profit from B of A decline. (Banking Finance).
Shareholders approve HCB acquisition.
Price tag.
Heartland Community Bank deal approved.

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