Oklahoma-based Grand Bancorp Inc., holding company of Grand Savings Bank, is planning to add a branch to its Benton County network.
CEO Guy Cable told Whispers that the company has a property under contract at 4201 Pleasant Crossing Parkway in Rogers, at the corner of Dixieland Road. The 3,552-SF building was a Metropolitan National Bank branch in a previous life, but has been vacant since 2014.
Simmons Bank of Pine Bluff owns the property, taking ownership after acquiring MNB in November 2013.
Cable didn’t disclose the purchase price, but Benton County appraisers valued the property last year at $2.1 million.
Cable said the bank will be filing a branch application with regulators soon. If approved, a south Rogers location would expand the bank’s already broad footprint in Benton County, joining existing offices in Siloam Springs, Gentry, Decatur, Bentonville and a Rogers branch on the north side of town.
Grand Savings Bank, which has Oklahoma branches in Grove and Jay, had $324.1 million in assets as of Dec. 31, according to the Federal Deposit Insurance Corp.