Another bank acquisition for Arvest | Arkansas Blog

Tuesday, August 22, 2017

Another bank acquisition for Arvest

Posted By on Tue, Aug 22, 2017 at 10:06 AM

click to enlarge ACQUIRED BY ARVEST
  • ACQUIRED BY ARVEST
Arvest Bank, the Walton banking enterprise, is acquiring Bear State Financial, led by Richard Massey, for $391 million, all cash. Bear State, based in Arkansas,  is a holding company for a bank with 42 branches and other operations in Arkansas, Missouri and Oklahoma.

Minor point: I mentioned Bear State recently on account of its support (and that of a major stockholder, Scott Ford, who owns more than $8 million worth of Bear State stock) in various ways of Fitz Hill, the former president of Arkansas Baptist College who's rumored to have some Little Rock political aspirations.  Don't know if the tie-in will continue under Arvest, but I kind of like the chances. As a member of the state Board of Education, Hill has been a reliable supporter of Walton Family Foundation-backed charter schools and not so friendly toward the Little Rock School District, which the Walton education effort has worked for years to disrupt.

Tags: , , , , ,

From the ArkTimes store

Favorite

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

More by Max Brantley

  • ASU announces $29 million athletic project backed by private booster foundation

    The Arkansas State University Board of Trustees today approved a ground lease with the Red Wolves Foundation which will take the responsibility for building $29. million worth of improvements to the football stadium.
    • Nov 20, 2017
  • Monday's open line

    Here's the Monday open line and today's news roundup
    • Nov 20, 2017
  • Protest set on tax legislation

    A coalition of groups will demonstrate at 12:15 p.m. Tuesday in front of the state Human Services headquarters at Seventh and Main to show displeasure with the Senate tax legislation.
    • Nov 20, 2017
  • More »

Readers also liked…

  • LR speakers blast state board for double standard

    A series of speakers, beginning with Sen. Joyce Elliott, denounced what they saw as a hidden agenda favoring charter schools at the state Department of Education and asked the state Board of Education for return of local control.
    • May 12, 2016
  • Sarah Huckabee Sanders becomes White House press secretary

    Sarah Huckabee Sanders, daughter of former Arkansas Gov. Mike Huckabee, is the new White House press secretary.
    • Jul 21, 2017
  • Kenneth Starr: A comment from Betsey Wright

    Betsey Wright, former President Bill Clinton's chief of staff when he was Arkansas governor, responds bitterly to a New York Times article today quoting Whitewater Prosecutor Kenneth Starr's warm words about Clinton. She can't forget the lives Starr ruined in Arkansas.
    • May 24, 2016

Most Shared

Most Recent Comments

  • Re: Monday's open line

    • I personally find the whole "Personhood for fetuses" absolutely absurd. How stupid to insert it…

    • on November 20, 2017
  • Re: Vox pop: Mixed response to Capitol monument proposals

    • Here is a good news for those interested. There is away you can earn money…

    • on November 20, 2017
  • Re: Protest set on tax legislation

    • I am sorry about the debit to your grandchildren Razor, but if the GOP majority…

    • on November 20, 2017

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation