First Financial Bank of El Dorado is gearing up to buy the First National Bank of Wynne.
The banks have entered into a “definitive agreement” that will see First Financial Bank acquire the Wynne-based bank, which has branches in Cherry Valley, Forrest City, Harrisburg and McCrory, in addition to Wynne.
State and federal regulatory agencies must approve the transaction before it can be closed. The transaction is expected to close in the fourth quarter of 2019
Founded in 1934, First Financial Bank serves El Dorado and has a presence in Little Rock, Conway, Fayetteville, Fort Smith and Jonesboro as well as parts of Mississippi. The company’s agricultural lending division has offices in Arkansas, Alabama, Delaware, Georgia, Mississippi, North Carolina and Texas. First Financial also has a farm and ranch division office in Kentucky and North Carolina.
“We excited to expand our retail footprint into Cross County and Northeast Arkansas,” Chris Hegi, First Financial president and CEO, said. “Finding the right partner in growing our bank was very important to us. It’s going to be a good fit and we look forward to investing in the people and businesses in the Northeast Arkansas market. We expect a very smooth transition for employees and customers alike, and we’re excited to bring our award-winning hometown service to customers at this location.”
First National Bank of Wynne President and CEO Sean Williams said the acquisition is a result of shared values that should benefit customers.
“I couldn’t ask for a better partner for the First National family that First Financial Bank. We share the same values and vision of community banking, and I believe this is a win for our customers and the communities we serve. I look forward to working with Chris and his team to make this a positive experience for our customers and employees.”
Image courtesy of First National Bank of Wynne