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Arkansas Banks at Risk of Failure

Detective Krum

Detective Krum

The list is by no means to be considered complete and issues may or may not have changed since this post. When people search specific banks by region, I like to look into banks in the areas our readers seek.

This post is looking at banks in Arkansas which could fail or appear to be at risk of failing.  If I had to pick what bank I thought was in the highest risk for failing, I’d pick Southern Bank of Commerce located in Paragould, Arkansas because their bank rating is the lowest at (E-)  nearly an (F) . I’d strongly consider removing my money from that bank even if FDIC insured because it could take sometime to have access to your money (ask WWII age people how that was).

Legacy National Bank of Springdale, Arkansas would be my second worst at an (E+)  rating. There are many banks in Arkansas with good ratings I’d rather do business with. For example, Warren Bank & Trust of Warren Arkansas has an ( A-)  rating and People’s Bank in Sheridan Arkansas has an( A)  rating.

On the other hand,  Timberland Bank (ElDorado, AR) First Western Bank (Booneville) Farmer’s Bank & Trust (Blytheville) Bank of Gravett (Gravett) and Arvest Bank (Fayetteville) all have (D) ratings. Why do business with a bank that has a D rating when your money appears more secure with an A rated bank. Would you want someone working for you who scores a D on your company test or someone who scores an A on your company test?

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August 29, 2009 - Posted by | 1 | ,

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