Pocahontas Bancorp, Inc. to Acquire North Arkansas Bancshares, Inc. in a Merger Valued At Approximately $4.4 Million.

Business Wire | November 20, 2001 | Copyright

Business Editors

JONESBORO & NEWPORT, Ark.--(BUSINESS WIRE)--Nov. 20, 2001

Pocahontas Bancorp, Inc. (Nasdaq NMS: PFSL) ("Pocahontas Bancorp"), the holding company for First Community Bank, and North Arkansas Bancshares, Inc. ("North Arkansas Bancshares"), the holding company for Newport Federal Savings Bank ("Newport Federal"), announced today that they have entered into a definitive agreement under which Pocahontas Bancorp would acquire North Arkansas Bancshares in a merger valued at $15.00 per share, or approximately $4.4 million in total. The Board of ...

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