Little Rock bank buys Fort Smith-based Barron Mortgage
by June 1, 2009 2:43 pm 112 views
Bank of Little Rock Mortgage has acquired Fort Smith-based Barron Mortgage, according to a statement from both companies.
Joe Barron, who has more than 40 years of mortgage and financial services experience, was a founding board member and is the immediate past president of the Arkansas Association of Mortgage Professionals – the state arm of the National Association of Mortgage Brokers. He founded Barron Mortgage (originally Barron Funding Group) in 2001.
“We couldn’t pass up the opportunity to affiliate ourselves with a firm with such outstanding expertise and reputation,” said Scott McElmurry, president and CEO of Bank of Little Rock Mortgage. “The Fort Smith area is a lot like central Arkansas in many ways. Combining resources with Barron Mortgage is a natural fit for us.”
Located at 3600 Old Greenwood Road, Suite 1, Barron Mortgage is now operating as Barron Mortgage, a division of Bank of Little Rock Mortgage. Bank of Little Rock Mortgage is a wholly owned subsidiary of Bank of Little Rock. Bank of Little Rock Mortgage began operations in 1998 and has six locations in central Arkansas.