Home BancShares Selling Off Charter to Kansas Bank

by Talk Business & Politics ([email protected]) 90 views 

In the collapse of its six banks into a single Conway charter renamed Centennial Bank, Home BancShares Inc. has some leftover charters. And one of them — it looks like the former Twin City Bank of North Little Rock — is being sold to Intrust Bank of Wichita, Kan.

Intrust already operates a loan production office near the Arkansas World Trade Center in Rogers. Intrust spokeswoman Diane Iseman said the $3.5 billion bank was interested in acquiring an Arkansas charter so that it can accept commercial deposits from existing loan customers.

Apparently Home CEO Johnny Allison doesn’t mind helping yet another bank invade Northwest Arkansas; Home BancShares doesn’t have a presence here and sold its interest in Fayetteville-based Signature Bank of Arkansas in late 2007.

Intrust’s Rogers office is headed by Jerry Carmichael, former president of Parkway Bank of Rogers, and one of the original team members who helped organize the bank’s charter relocation from Portland (Ark.) and name change from Portland Bank.

Carmichael would not comment on the bank’s application to purchase the charter, but echoed Iseman’s comments.