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Arkansas State Bank Department

The mission of ASBD is to maintain a legal and regulatory structure for Arkansas's financial industry. This structure provides the public with convenient, safe and competitive banking, which fosters economic development within this State. Our mission is accomplished through efficient allocation of available human and other resources existing in our Examination, Information Technology and Administrative Services Divisions.


CECL Q&A Webinar for Community Banks
Jul 18th, 2018

DATE: July 17, 2018
TO: Chief Executive Officer of the Institution Addressed
FROM: Candace Franks, Bank Commissioner
SUBJECT: CECL Q&A Webinar for Community Bankers
The FRB, FDIC, and the OCC, in...

Conversion of Armor Bank, N.A., Forest City
Jun 28th, 2018

The Arkansas State Banking Board approved the conversion of Armor Bank, N.A., Forrest City, Arkansas to an Arkansas state-chartered bank to be know as Armor Bank, Forrest City, Arkansas. The charter was granted June 28, 2018.

Notice Of Cancellation
Jun 25th, 2018

Notice is hereby given that the Regular Meeting of the State Banking Board scheduled for Thursday July 26, 2018, at 10:00 a.m. in the Conference Room of the State Bank Department, 400 Hardin Road, Suite 100, Little...

State Bank Board Special Meeting
May 22nd, 2018


Notice is hereby given that a Special Meeting of the State Banking Board is scheduled for Thursday, June 28, 2018.  The meeting will be held at...

Staff Promotions Announced
May 21st, 2018

Dharmin Patel was promoted to Certified Bank Exam Manager effective May 20, 2018.

Ashish Patel was promoted to Bank Junior Examiner effective May 20, 2018.

New Staffing Announced
Mar 26th, 2018

Derek G. Harvey joined our staff on March 26, 2018 as a Bank Examiner Trainee.  A 2017 graduate of Arkansas State University, with a Bachelor of Science degree in Finance, Derek will work in our Little Rock...

Financial Institution Update
Mar 19th, 2018

Heartland Bank, Little Rock, Arkansas, was voluntary liquidated in accordance with A.C.A.§23-49-119 and Heartland Bank’s charter was cancelled at the close of business on March 9, 2018. All deposits of Heartland Bank were assumed by Relyance Bank,...

New Staffing Announced
Mar 5th, 2018

Darren G. Barry joined our staff on March 5, 2018 as a Bank Senior Examiner.  A 2004 graduate of the Webster University, with a Masters degree in Computer Resources & Information Management, Darren will work in our...

The Great Seal of Arkansas

The State Bank Department was created by Act 113 of 1913. The Department is charged with regulating commercial banks with main offices in Arkansas. These 78 banks hold assets of $94.8 billion as of March 31, 2018. The Department also is charged with supervising the bank holding companies of Arkansas state-chartered banks; state-chartered trust companies; regional and county industrial development corporations; industrial loan institutions; and capital development companies. The Department operates to ensure the safety and soundness of, and public confidence in, these institutions and organizations.

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