Ark. Bank Co. Enters Ch. 11 With $16M Recapitalization Offer
Rogers Bancshares Inc. filed its petition in the U.S. Bankruptcy Court for the Eastern District of Arkansas, blaming the 2008 economic and housing crisis for its lingering financial problems, which include more than $100 million in nonperforming mortgage loans. The company has about $92.5 million in debt.
LR Acquisition Co. LLC, a wholly owned...
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