First Community Bancshares Inc. in Batesville, Ark., would expand into Missouri with its recently announced deal to buy Goodman State Bank there.
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The price of the deal was not disclosed.
The $15 million-asset Goodman has three branches in the southeast corner of Missouri, near the Arkansas border, and Dale Cole, First Community's chairman and chief executive officer, said in a press release that his company has been wanting to move into the neighboring state.
The $480 million-asset First Community has 10 branches in Arkansas.
Its deal was announced Feb. 22 and is expected to close in the second quarter.
