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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: May 23, 2006

For immediate release

The Federal Reserve Board on Tuesday announced its approval of the proposal by M&P Community Bancshares, Inc. 401(k) Employee Stock Ownership Plan, Newport, to become a bank holding company by acquiring an additional 1.63 percent, for a total of 26.58 percent, of the voting shares of M&P Community Bancshares, Inc., Newport, and its subsidiaries, Merchants & Planters Bank, Newport, and Greers Ferry Lake State Bank, Heber Springs, all of Arkansas.

Attached is the Board's Order relating to this action.

Attachment (340 KB PDF)

Last update: May 23, 2006