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Mena Arkansas News covering Polk County and the surrounding area

Arvest Bank Branching Out With More Services For Montgomery County

(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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