August 17, 2017 / 3:25 PM / 2 years ago

Heartland Bank of Arkansas needs capital, must remedy in 90 days: Fed

WASHINGTON (Reuters) - Heartland Bank of Little Rock Arkansas is “significantly undercapitalized” and must increase shares, sell itself or otherwise satisfy regulators, the Federal Reserve said on Thursday.

The holding company for Heartland Bank is Rock Bancshares, Inc., also of Little Rock.

Reporting By Patrick Rucker; Editing by Chizu Nomiyama

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