This property at 1355 E. Henri De Tonti Blvd. in Tontitown is owned by First Security Bank of Searcy. The bank, citing ineffective leadership and inadequate services in Tontitown, filed a lawsuit in December seeking to annex the property into Springdale.
Long known for its outlandish bickering and its boisterous public meetings, Tontitown, rightfully or not, has the reputation of being argumentative and petty to the point of dysfunction.
And Tontitown — making recent headlines for turmoil in its police and fire departments — could pay the price for its history of name-calling, finger-pointing and blame-gaming.
A Tontitown landowner, in this case First Security Bank of Searcy, points to the town’s flair for political theatrics and, through a lawsuit filed late December in Washington County Circuit Court, says it wants to detach and annex its 38-acre foreclosure into neighboring Springdale.
The lawsuit is of big concern for Tontitown because of who is involved and what’s at stake. First Security, at $4.6 billion in total... [ MORE ]