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Article: Whipple and Company Begin New Adventures in Banking.(Brief Article)
- Article from:
- Arkansas Business
- Article date:
- May 29, 2000
- Author:
CopyrightCOPYRIGHT 2000 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Former Horizon Bankers Hope to Scale New Heights with New Summit Bancorp
TWO YEARS AFTER SELLING his Arkadelphia-based Horizon Bancorp Inc. to Mercantile Bancorporation Inc. for more than twice its book value, Ross Whipple is rapidly rebuilding a community bank system.
Whipple's new Summit Bancorp, also based in Arkadelphia, already boasts $128 million in assets, surpassing the bank chairman's optimistic predictions. Whipple previously said he expected Summit to rake in $100 million in assets by June, with an eye on banking $150 million by the end of 2000.
"We're tracking budget pretty closely right now," Whipple said last week from his ...