Up To 19 Banks May Seek Funds From Former Arvest Head Smiley

Division Of Stock Options in Question

Posted: April 8, 2014 at 5 a.m.



Arvest Bank is asking Benton County Circuit Court to decide the fate of $551,755 in stock options it is holding for a former executive.

Bank List

Arvest Bank listed 19 banks in an April 2 filing that may have a claim to nearly $552,000 in stock options for H. Dennis Smiley. The bank claims Smiley improperly used the stock as collateral for loans with some or all of the listed banks.

• BOFK, National Association

• The Bank of Fayetteville

• Bank of the Ozarks, Little Rock

• Benefit Bank, Fort Smith

• Chambers Bank, Danville

• Centennial Bank, Conway

• Delta Bank & Trust, Parkdale

• First Bank, Hampton

• First Federal Bank, Harrison

• First National Bank of Fort Smith

• Integrity First Bank, National Association

• First Security Bank, Searcy

• First State Bank, Lonoke

• First State Bank of De Queen

• First State Bank of Northwest Arkansas, Huntsville

• First State Bank, Russellville

• First Western Bank, Booneville

• Legacy National Bank, Springdale

• Summit Bank, Arkadelphia

Source: Court Filing

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