Mulberry's Allied Bank closed by Arkansas Banking Department

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     MULBERRY, Ark. (AP) The Arkansas State Banking Department has closed Allied Bank in Mulberry and the bank’s deposits are being taken over by Today’s Bank in Huntsville.

     The banking department announced the action Friday and said the five branches of Allied Bank will reopen during their normal business hours as Today’s Bank.

     The department said Allied Bank depositors can access their money Friday night and during the weekend by writing checks or using ATM or debit cards. Checks drawn on Allied Bank will continue to be processed and loan customers should continue making payments.

     The department says Today’s Bank has also agreed to purchase essentially all of Allied Bank’s assets.

     Customers with questions should call the Federal Deposit Insurance Corporation at 1-800-894-7035.




   

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