Notice of Notification for
Acquisition of DeWitt First
Bankshares Corporation by
Southern Bancorp, Inc.
Southern Bancorp, Inc., 601 Main Street, Arkadelphia, Clark County, Arkansas 71923, intends to apply to the Federal Reserve Board for permission to acquire 100% of the issued and outstanding shares of DeWitt First Bankshares Corporation, 220 West Cross Street, DeWitt, Arkansas County, Arkansas 72042 and thereby indirectly acquire Arkansas County Bank, 220 West Cross Street, DeWitt, Arkansas County, Arkansas 72042. The Federal Reserve System considers a number of factors in deciding whether to approve the notification, including the record of performance of banks we own in helping to meet local credit needs.
You are invited to submit comments in writing on this notification to the Federal Reserve Bank of St. Louis, P.O. Box 442, St Louis, Missouri 63166. Comments can also be submitted electronically to comments.applications@stls.frb.org. The comment period will not end before March 24, 2021 and may be somewhat longer. The Board’s procedures for processing notifications may be found at 12 C.F.R. Part 262. Procedures for processing protested notifications may be found at 12 C.F.R. 262.25. To obtain a copy of the Federal Reserve Board's procedures, or if you need more information about how to submit your comments on the application, contact David L. Hubbard, Senior Manager, at (314) 444-7303. The Federal Reserve System will consider your comments and any request for a public meeting or formal hearing on the notification if they are received by the Reserve Bank on or before the last date of the comment period.
75384734f