First National Bank of Lawrence County in Walnut Ridge has received a nearly $2.7 million insurance settlement in an embezzlement case.
The president of the First National Bank reported in August of 2015 Â that nearly 3.9 million dollars was stolen from the First National bank of Walnut Ridge and the FBI was investigating the case.
The bank’s insurance settlement raised its equity capital above $20 million.
It ended 2015 with net income of $1.27 million. In 2014 net income was $2.7 million.