Arvest in Arkansas to sell 16 branches in four states

Arvest Bank of Fayetteville, Ark., has agreed to sell 16 branches to five different banks.

The $26 billion-asset bank said in a Friday press release that it plans to sell the locations during the first quarter.

Magnolia Banking in Magnolia, Ark., agreed to buy nine branches in Arkansas and Oklahoma. 

Cross County Bank in Wynne, Ark., will buy two Arkansas locations, while FNBC Bank in Ash Flat, Ark., will also acquire a pair of offices in Missouri. 

Generations Bank in Rogers, Ark., is buying a branch in Missouri. RCB Bank in Claremore, Okla., is buying a Kansas branch and an Oklahoma office.