First National Bancorp in Green Forest, Ark., has agreed to buy Twin Lakes Community Bank in Flippin, Ark.
First National, parent of the $430 million-asset Anstaff Bank, expects to complete its purchase of the $110 million-asset Twin Lakes by the end of this year, according to a report by the Harrison Daily. Financial terms were not disclosed.
First National plans to keep the Twin Lakes brand, the report said.
“We view the Twin Lakes Community Bank markets as a complement to our existing markets and our strategic plans for growth,” Steve Stafford, Anstaff’s chairman and chief executive, was quoted in the report. “Customers can be assured that we are committed to continue to provide the same outstanding customer service they have come to expect.”