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Worthen's closer look.

Worthen's Closer Look

Employees at First Savings of Arkansas recently were asked to give employee authorization forms allowing Worthen Banking Corp. to review their personnel files.

How come?

As one of the potential bidders for the approximately $600-million thrift, Worthen wants to know more about the employees it might choose to retain.

First Savings' statewide branch banking network might be a nice adjunct to Worthen's existing network of branches. It would involve hiring many of the same tellers and bank personnel.

Does this mean Worthen is closer to purchasing the thrift than other bidders?

No, it only means Worthen's diligence extends further than the others.

Look for the Resolution Trust Corp. to close the sale sometime around July 12.
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Title Annotation:Worthen Banking Corp. will scrutinize Frst Savings of Arkansas's employees before buying it
Publication:Arkansas Business
Date:Jun 10, 1991
Words:119
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