Southern Bancorp closes on Premier Bank of Arkansas Acquisition
Global Alliance for Banking on Values member Southern Bancorp, announced on the 1st of June the closing of its acquisition of FCB Financial Services Inc. and its wholly-owned subsidiary, Premier Bank of Arkansas, a $213 million asset bank with three branches operating in Marion, West Memphis, and Jonesboro.
"We are excited to welcome Premier Bank's outstanding team to Southern Bancorp. Not only are Premier Bank's markets closely aligned with us geographically, with many existing Southern branches located nearby, but they are also mission-aligned, with numerous opportunities in each community to introduce our unique brand of development banking to new and existing customers. We call it being wealth builders for everyone, and we're thrilled to introduce it in these new markets in 2023.", says the CEO of Southern Bancorp, Darrin Williams.
Customers will begin receiving communications about the conversion later this year, allowing ample time for information about Southern Bancorp's products, services, and producers. In the meantime, Premier customers may visit Southern Bancorp's website to learn more.