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First Southern Bank of Batesville Fears It Bought $22 Million Worth of Fake Bonds | Business

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First Southern Bank of Batesville Fears It Bought $22 Million Worth of Fake Bonds
Business, News
First Southern Bank of Batesville Fears It Bought $22 Million Worth of Fake Bonds

Arkansas Business - First Southern Bank of Batesville bought $22 million worth of rural improvement district bonds that may be fraudulent. It is now looking to merge with another bank because of the potential loss. 

Other Arkansas banks also may have bought fake bonds, leaving a total debt of between $30 million and $40 million in a story that is still developing.

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