Anstaff Bank Acquisition of Twin Lakes Bank Officially Approved

Steve Stafford, chairman and CEO of Anstaff Bank N.A. of Green Forest, announced Friday that regulatory approval has been received for the bank’s holding company, First National Bancorp Inc., to acquire Twin Lakes Community Bank of Flippin. The purchase was announced in October.

Twin Lakes Community Bank and Anstaff Bank will continue to operate separately, and there are no plans to make changes to customer accounts at this time.

“We are pleased to officially welcome the employees and customers of Twin Lakes Community Bank to our banking family,” Stafford said in a prepared statement. “Anstaff Bank and Twin Lakes Community Bank share the same values of how we conduct business, treat our customers, and serve our communities.”  

“This acquisition is a perfect fit for both banks,” Stafford continued  “It allows us to expand our community bank footprint into North Arkansas but it also will provide greater banking resources for Twin Lakes Community Bank customers while continuing to have the same personalized service from the same bankers they have worked with in the past.”     

Twin Lakes Community Bank has three locations serving Flippin, Mountain Home and Norfork.