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Bear State Financial chair updates stake in company

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Bear State Financial chair updates stake in company

Little Rock, Ark.-based Bear State Financial Inc. Chairman Richard Massey, along with affiliated investment vehicle Bear State Financial Holdings LLC, disclosed aggregate beneficial ownership of 16,079,261 shares of the company.

That translates to a 42.7% stake in the company, based on its 37,616,931 issued and outstanding common shares as of Oct. 31, plus 39,381 common shares of the company issuable upon exercise of the warrant owned by Massey.