Hospital officials say during this period, NARMC will do its due diligence to make sure this building is the right fit for the healthcare system. With the growing need for primary care physicians, NARMC sees this as an opportunity for more physician offices and to offer more services to the community.
Scott Tennyson, Community Bank President for Arvest in Harrison, says when the acquisition of Bear State Bank was announced in August 2017, bank officials said they would work hard to find buyers for impacted locations that are owned and not leased. He said bank officials think in this case the North Arkansas Regional Medical Center is an attractive buyer because of all the ways that group contributes to the Harrison community.
Vince Leist, NARMC CEO and president, told the Board of Governors at its quarterly meeting in August the hospital was running out of room for doctors.
Leist said NARMC would need 10-12 more doctors in the next few years, with the growth projections in place for the area.
He said it’s not clear yet what we are going to do, but we will have to do something.
The acquisition by Arvest led to three Bear State Bank locations in Mountain Home closing in September. The three were among 20 locations shuttered.
The three Bear State Bank facilities closed in Mountain Home were located at 668 Highway 62 East, 1337 Highway 62 Southwest and 3027 Highway 62 East.
Three’s no word yet on any future plans for these locations.
Arvest Bank announced it completed the acquisition of Bear State Financial, the parent company of Bear State Bank, in April. The purchase was a cash transaction valued at approximately $391 million. With the close of the deal, Arvest had assets of approximately $18.76 billion.
Bear State purchased First Federal Bank of Harrison, with locations in Mountain Home, in 2015.
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