Bank of Fayetteville officials address talk of sale to First National of Fort Smith

Photo by Todd Gill / Enlarge
The Bank of Fayetteville’s main branch stands Tuesday in downtown Fayetteville.

A status update posted on the Bank of Fayetteville’s Facebook page on Monday addressed recent talk that the bank had been sold to First National Bank of Fort Smith parent company First Bank Corp.

The message: “We thought you would like to know that your community bank, The Bank of Fayetteville, is staying just that … your community bank. We are proud to continue this tradition and proud to be your bank.”

First National Bank officials last month told the Fort Smith Times Record that no deal had been finalized, but until now, the Bank of Fayetteville had been quiet about the issue, leaving many to wonder what was going on.

Bank president Mary Beth Brooks could not be reached for comment Monday, but spokesperson Lindsay Ramsey confirmed that the Facebook update was intended to calm concerns among current customers.

Ramsey said the the bank has not been sold, and that there are no plans to do so at this time.

“As a publicly-traded company, we cannot say that we are not entertaining offers, because if one came to us, our board would be required to consider it,” said Ramsey. “There are currently no offers on the table.”

The Bank of Fayetteville opened in 1987, and currently operates eight branch locations in Northwest Arkansas.