WebAug 17, 1998 · Regions Financial Corp. will pay about $63 million in stock for Arkansas Banking Co. of Jonesboro, about 2.9 times book value.The family of Sloan Rainwater Jr. owns about 90 percent of the $343 million-asset holding company, worth about $57.6 million based on Regions' stock's closing price of $37.50 on Aug. 12.Regions' acquisition of … WebFNB began as the Bank of Paragould in March 1889. In 1903 we were granted a national charter and thus our name changed to First National Bank. FNB now has 3 offices in Paragould. In 1984 we expanded to nearby Corning. Our first Jonesboro office was added in 1998 and today FNB has 3 locations in Jonesboro. In 2013 our Piggott office was built.
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