Law and regulation

First Financial Offering Part-CRE Portfolio

Published September 05, 2008, 1:00 p.m. EDT

1 Min Read

First Financial Network Inc., Oklahoma City, has announced the offering of a $190 million loan portfolio consisting partly of commercial real estate loans from the recently failed ANB Bank, Bentonville, Ark. The portfolio is being marketed on behalf of the Federal Deposit Insurance Corp., which is the receiver for the failed bank. In addition to CRE loans, the portfolio consists of commercial and industrial loans and consumer loans that have been stratified into pools based on loan type, performance, collateral, and geographic concentration, First Financial said. Bids will be taken on Oct. 14. First Financial can be found on the Web at http://www.firstfinancialnet.com.

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