Metropolitan National Bank is still losing money, but it is closing its gap.
The Little Rock-based bank posted a fourth quarter loss $928,000 and a full-year net loss of $8.3 million. In 2009, Metropolitan lost more than $80 million.
Metropolitan, which was racked by bad loans and a rapid ramp-up of operations in northwest Arkansas, has been under regulatory sanctions since the middle of 2008.
"We are proud of the progress Metropolitan has made over the past 12 months," said CEO Lunsford Bridges.
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