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: , , , , ,


Sign up for the Daily Update email
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

Readers also liked…

  • Arkansas: Land of .......

    Welcome to Arkansas: Land of cowardly politicians, discriminatory laws, inhumane turkey drops and lots and lots of Trump voters.
    • Oct 8, 2016
  • Former Arkansas Baptist professor 'exploring' run for Little Rock Ward 7 city director

    Edmond "Ed" Davis, a former professor at Arkansas Baptist College and the executive director of a school applying for a charter in Southwest Little Rock, will announce the formation of an exploratory committee for a campaign for the Little Rock city director Ward 7 position. Brenda "B.J." Wyrick has held the position since 1994.
    • Apr 3, 2018
  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016

Most Recent Comments

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation