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With $30.1 million raised, Tempus USF LLC of Little Rock tops Arkansas Business' list of the largest private investment offerings ranked by total investment amount sold.

An Arkansas bank holding company with roots back to the 1880s has signed a deal to buy Cumberland Bancshares, the owner of Hartsville-based Citizens Bank. Terms of First Paragould Bankshares’ deal for Cumberland aren’t being disclosed. Citizens has assets of about $290 million and runs offices in Gallatin and Hendersonville as well as Hartsville. Founded in 1905, it employs about 50 people and finished 2020 with a profit of $2.6 million, down from $3.1 million the year before. When completed — which is expected late this year — the purchase will grow First Paragould’s...

Press release content from Business Wire. The AP news staff was not involved in its creation. First Paragould Bankshares, Inc. to Enter Tennessee with Acquisition of Cumberland Bancshares, Inc. and Citizens Bank May 5, 2021 GMT PARAGOULD, Ark. & HARTSVILLE, Tenn.--(BUSINESS WIRE)--May 4, 2021-- First Paragould Bankshares, Inc. (“First Paragould”), the holding company for First National Bank (“First National”), announced today that it has entered into a definitive agreement to acquire Cumberland Bancshares, Inc. (“Cumberland”) and its banking subsidiary, Citizens Bank located in Ha...