Six weeks ago, we told you that Batesville’s First Community Bank was looking to enter the Little Rock market and looking at a former Allied Bank location.
Well, an $850,000 deal was struck to acquire the dormant branch at 4900 Kavanaugh Blvd. from Allied’s regulator-assisted successor: Today’s Bank of Huntsville (Madison County).
We understand the 1,426-SF facility will start operations as a loan production office with an eye toward becoming a full-service branch down the road.
Who will be in charge of the new office?
René Julian, a Batesville boy, who comes to First Community via First National Bankers Bank of Baton Rouge, Louisiana.
Julian was a senior vice president in FNBB’s Little Rock office and before that a vice president with Regions Bank.