LITTLE ROCK, AR-- Lunsford W. Bridges, President and CEO of Metropolitan National Bank, announced today that the bank’s holding company, Rogers Bancshares, has signed a definitive agreement with Ford Financial Fund II, L.P., to purchase and recapitalize the bank.
The transaction will significantly strengthen the bank’s balance sheet and restore its compliance with regulatory capital requirements, according to the announcement.
Metropolitan has operations and branches throughout central and northwest Arkansas.
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