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Kutak Rock Represents Stone Bancshares, Inc. in Merger with MO/ARK Bancshares, Inc.

News | April 14, 2023

Kutak Rock recently represented Stone Bancshares, Inc. (“SBI”) and its subsidiary bank, Stone Bank, in a merger with MO/ARK Bancshares, Inc., a newly formed bank holding company owned by the Combs Family of Missouri. Following the receipt of regulatory and shareholder approvals, the transaction closed on April 12, 2023.

Stone Bank was launched in 2009 when a group of Stone County investors purchased the Bank of Altheimer and relocated its charter to Mountain View, Arkansas. The bank now operates from six locations in Mountain View, White Hall, Little Rock, Harrison, DeWitt, and Gillett, Arkansas. Following the merger, Stone Bank will continue operating as an Arkansas-chartered bank.

The Combs family owns four banks chartered in Branson, Kimberling City, Alton, and Grandin, Missouri. Those banks operate a total of twelve branches throughout southern Missouri.

Kutak Rock partner David McDaniel advised Stone Bancshares, Inc. on the transaction. He was assisted by associate Bill Swartzwelder.

With more than 45 attorneys, Kutak Rock’s national M&A practice group has built a solid reputation as a leader in middle market M&A transactions. Kutak Rock’s experience includes representing buyers, sellers and private equity groups in domestic and cross-border transactions.