ANB Fails, Pulaski Bank Acquires Assets

▤ Summary

ANB Financial failed after heavy losses and a large volume of nonperforming loans, and the FDIC took control of the bank. Pulaski Bank, through Iberiabank Corp., bought most of ANB’s branch infrastructure and insured deposits for about $451 million. The deal quickly reshapes retail banking operations in Northwest Arkansas and gives Pulaski Bank access to ANB’s customer base. The article also describes the FDIC receivership process and the effort to package and sell the remaining loan assets. This is a bank resolution story, not a software industry event.

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