Bank Plans Sale To First National Fort Smith
Posted: October 28, 2011 at 5:46 a.m.
The Bank of Fayetteville is being purchased by the First National Bank group of Fort Smith and the two banks plan to have joint operations by the end of the year.
FAST FACTS
Bank Of Fayetteville
• The Bank of Fayetteville is owned by Bankshares of Fayetteville, which consists of a few hundred shareholders.
• The stock trades on over-the-counter market.
• The Initial Public Offering price was $25 per share on June 5, 1987.
• Shareholders received a 5 percent stock dividend paid on Nov. 11, 1992.
• The stock split 3-for-1 stock on Dec. 31, 1996.
• The stock traded as a high as $70 in late 2008.
• Stock last traded Sept. 19 at $11.25 per share.
• In the past year, the bank’s share price has ranged from $5.10 to $12.50.
Source: OTCMarkets.com
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Comments
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>>A challenging banking climate and costly regulatory control has forced local bank consolidation.<<
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Get that straw dog of "costly regulatory control" and beat it hard.
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Otherwise the $703,000 in net losses should tell astute readers all they need to know.
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Housing busts are not for the small time players. Buddy loans can and do fail.
Posted by: cdawg
October 28, 2011 at 12:14 p.m. ( permalink | suggest removal )
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