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Little Rock, Ark.-based Bear State Financial Inc. ($1.45 billion), parent company of Bear State Bank NA, completed its acquisition of Springfield, Mo.-based Metropolitan National Bank ($443.9 million) effective Oct. 1, according to a same day news release.
Under the terms of the deal, Bear State Financial acquired 100% of the stock of Metropolitan National Bank from Marshfield Investment Co. In exchange, shareholders of Marshfield Investment received proceeds of approximately $70 million, consisting of approximately...