Region 8 bank is growing with purchase of 3 locations - KAIT Jonesboro, AR - Region 8 News, weather, sports

Region 8 bank is growing with purchase of 3 locations

WYNNE, AR (KAIT) -

A Region 8 bank is growing.

Cross County Bank, which is headquartered in Wynne, is purchasing SOUTHBank, F.S.B.

SOUTHBank is headquartered in Huntsville, AL, and has branches in Arkansas.

Those 3 branches are in Blytheville, Manila and Osceola.

According to a news release Monday, SOUTHBank has $110 million in assets.

The sale is expected to be completed by mid-fall.

Once the sale of the 3 branches is approved by federal regulators, they will operate under the name of First Commercial Bank.

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