Stone Financial institution sells to Missouri household

Mountain View-based Stone Bancshares introduced Wednesday (Dec. 21) that it has signed a definitive settlement with The Combs household of Missouri.

Phrases of the non-public transaction weren’t disclosed.

The settlement will enable the Combs household to accumulate Stone Bancshares Inc. and its subsidiary financial institution, Stone Financial institution, in a money transaction.

Stone Financial institution was launched in 2009 when a bunch of Stone County buyers bought the Financial institution of Altheimer and relocated its constitution to Mountain View, Arkansas.

The financial institution now operates from six places in Mountain View, White Corridor, Little Rock, Harrison, DeWitt, and Gillett, Arkansas. Stone Financial institution additionally has a nationwide presence in government-guaranteed lending by means of the USDA, SBA and FSA.

As of November 30, 2022, Stone Financial institution had complete belongings of $650 million and 116 workers.