Market Move

Charlie Murphy has worked at a bank in top executive roles for some 40 years, but he hasn't been a true banker for a while.

The inconsistency? Murphy spent most of the past decade overseeing Sarasota-based Bank of Commerce while it tried to navigate the recession and its aftermath. That meant lots of loan workouts and often futile attempts to raise capital and find partners. It also meant few chances to go networking, find customers and loan money.

Conway, Ark.-based Home BancShares acquired Bank of Commerce in February in a $4.2 million deal, part of a bankruptcy filing from Bank of Commerce's holding company. Bank of Commerce had roughly $182.5 million in total assets when it was acquired, but lingering capital and nonperforming assets on the books handicapped the bank from taking part in the economic rebound.