A regional bank with branches in the Tri-Lakes Area will soon be coming under new management.
According to a press release from Bear State Financial, the company has agreed to terms with the Marshfield Investment Company to purchase 100 percent of stock of the Metropolitan National Bank.
According to the release Mark McFatridge, the current CEO of Metropolitan National Bank, is expected to join Bear Financial on the Board of Directors, as well as one member of Metropolitan National’s Board of Directors.
According to the release the merger is expected to close near the end of 2015 and current customers of Metropolitan National Bank should be able to continue using their current branch.
Among its area facilities, the Metropolitan National Bank has branches in Hollister, Branson West, Kimberling City and Blue Eye.