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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