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Future payday.(Whispers)


You probably knew Arkadelphia's Southern Bancorp Inc. was making its first foray into northeast Arkansas in a deal to buy the $314 million-asset First Delta Bankshares Inc. of Blytheville.

Who are the biggest recipients in this estimated $60 million transaction?

That would be Edward Sims, vice chairman of First Delta, nearly $41.5 million; and Jerry Sims, chairman and CEO, $15.2 million.

Between them, they control nearly 95 percent of the two-bank holding company.

And lest we forget, First Delta owns First National Bank of Blytheville and Bank of Trumann (Poinsett County).

COPYRIGHT 2009 Journal Publishing, Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


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