EL DORADO, Ark. -- First United Bancshares here has reached a definitive agreement to acquire Commerce Financial Corp. for $3.3 million.

First United, Arkansas' fourth-largest banking company, will also repay about $1.5 million of Commerce Financial's debt.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.