News & Events Sep 4, 2010

The nation's banking system was brought nearly to its knees just two years ago, after the housing market collapsed. Now, several Arkansas banks have actually been expanding by buying up what's left of failed banks elsewhere. Those banks are offered at firesale prices, but they come with some unique challenges.

Randy Dennis, President of DD&F Consulting, quoted in this article.

It will take years for the banking sector to realize the full implications of the Dodd-Frank Act, but expect at least one immediate side effect: a renewed interest in mergers and acquisitions.

Randy Dennis, President of DD&F Consulting, quoted in this article.

Randy Dennis, President of DD&F, featured speaker, “Financial Industry Update-what does it mean?”

Randy Dennis, President of DD&F, guest speaker, “Is M&A Activity DOA?”

Kudos! to DD&F’s Josh Dennis for graduating from Barret School of Banking and Kyle Shadid for completing year #2!

Congratulations! to our clients Home BancShares, Inc., Bank of the Ozarks, Bay Bank, FSB, and The Jefferson Bank for their recent and successful FDIC assisted acquisitions.

A friendly rivalry in Oregon turned nasty when a tiny bank tried to acquire a neighbor through a seldom-used maneuver: the hostile takeover bid.

BEO Bancorp in rural Heppner said that after spurning an unsolicited offer from Community Bancshares Inc. in Joseph, it learned only by reading the paper that Community had applied with regulators to buy up to 100% of the company. Community claims BEO bad-mouthed it.

Randy Dennis, President of DD&F Consulting, quoted in this article.

LITTLE ROCK — Metropolitan National Bank in Little Rock said Friday that it lost $2.4 million in the second quarter this year, its seventh-straight quarter of losses.

The private bank lost $32.5 million in the second quarter of last year and more than $80 million for all 2009.

Most of Metropolitan’s problems are connected to real-estate lending in Northwest Arkansas.

“While any loss is disappointing, our financial results are improving and our balance sheet is significantly more stable than it’s been over the last two years,” Lunsford Bridges, president and chief executive officer, said in a prepared statement.“

Randy Dennis, President of DD&F Consulting, quoted in this article.

LITTLE ROCK — Home BancShares, the holding company for Centennial Bank, purchased its third and fourth Florida banks on Friday, the Conway-based firm said.

The two banks are in the Florida panhandle.

Home BancShares bought Coastal Community Bank of Panama City and Bayside Savings Bank in Port St. Joe, which is about 25 miles southeast of Panama City.

Both were Federal Deposit Insurance Corp-assisted purchases.

Randy Dennis, President of DD&F Consulting, quoted in this article.