(MOUNT IDA) Southern Bancorp Bank of Arkadelphia is developing a full – service branch at 1017 US Highway 270 East in Mount Ida.
The move by the $1.4 billion – asset lender will expand its limited operations presence in the $105.3 million – deposit market.
Since acquiring Little Rock’s Bear State Bank last April, Arvest Bank holds a dominant 65.9 percent hold of Montgomery County deposits totaling $69.4 million.
The remaining 34.1 percent of the deposits totaling $35.9 million resides with Diamond Bank of Murfreesboro.
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