Ark. bank is fourth in '22 to announce sale to credit union

Barksdale Federal Credit Union in Bossier City, La., has agreed to buy Home Bank of Arkansas in Portland. 

The $2 billion-asset Barksdale did not disclose how much it will pay Peoples Home Holding for its $73.8 million-asset bank. 

HomeBank has five branches. 

The deal, which was announced on Tuesday, is expected to close in the third quarter. 

McQueen Financial Advisors and Luse Gorman advised Barksdale. Bancorp I and Stacks Law Firm advised Peoples Home and HomeBank. 

Four credit unions have announced bank acquisitions in recent weeks. 

Vinings Bank in Smyrna, Ga., agreed on Feb. 21 to sell to Georgia’s Own Credit Union in Atlanta. Persons Banking in Forsyth, Ga., announced plans on March 1 to sell to Robins Financial Credit Union in Warner-Robins, Ga. 

Summit Credit Union in Madison, Wis., has agreed to buy Commerce State Bank in West Bend, Wis.