LITTLE ROCK, Ark. - Worthen Banking Corp. said the Federal Reserve Bank of St. Louis had approved its application to acquire First Bentonville Bancshares.
Worthen said the acquisition was subject to a 30-day waiting period and approval by shareholders of First Bentonville, based in Bentonville, Ark.
Worthen said the acquisition should be completed by the end of the third quarter. The company announced in April that it agreed to acquire First Bentonville in a transaction valued at about $14 million.
