Why I Choose to be a State Chartered Bank
BOB BURNS, CHAIRMAN
FARMERS BANK AND TRUST COMPANY, MAGNOLIA, ARKANSAS
State supervision under the Arkansas Bank Department has been an outstanding choice for our bank. The Department, because of its local focus and flexibility, allows our bank to serve our market in ways that are more difficult for federal banking regulators. State regulators are more concentrated in one geographical area and closer to our markets and customers than are federal regulators.
The choice of regulators seems to foster a more competitive spirit between federal and state banking regulators.
We have always found state examiner's to be well trained and knowledgeable in fulfilling all safety and soundness responsibilities.
GARY HUDSON, PRESIDENT/CEO
FARMERS AND MERCHANTS BANK, STUTTGART, ARKANSAS
Farmers and Merchants Bank of Stuttgart, Arkansas has been a chartered member under the guidance of The Arkansas State Bank Department since our inception in 1945. We find that a state charter gives us the versatility we desire with the easy access of a local regulator. It has been our experience that the primary goal of our bank department has always had the best interest of our bank and all Arkansas chartered banks. We would recommend a state charter under the guidance of the Arkansas State Bank Department to all financial institutions.
JIM C. WALTON, PRESIDENT
ARVEST BANK, FAYETTEVILLE, ARKANSAS
Our experience over the years has shown that a state bank charter has proven to be a cost-effective banking structure with powers to conduct business that allow us to compete. As a state-member bank we have benefited from the experience and insights of both the state and federal bank supervisors who provide complementary perspectives of our business.
MARTIN CARPENTER, CHAIRMAN
FNBC BANK, ASHFLAT, ARKANSAS
As we looked strategically at our future, one of the issues we considered was which regulatory agency would be better aligned with FNBC and its interests. As a community bank, one of our top interests is serving the communities in which we operate. While the main function of the State Bank Department is bank supervision, they also have a vested interest in the well being of the communities throughout Arkansas and for us that made them the best partner for us going forward. During our short association we have been impressed with their professionalism and commitment to community banking.
WARREN A. JENNINGS, SR., CHAIRMAN
ARKANSAS COUNTY BANK, DEWITT, ARKANSAS
We feel that it is a great benefit to our Bank to be able to rely on the State Bank Department’s understanding of our community and the agricultural economy.
The open-door communication policy of the State Bank Department is also a great benefit in helping us run a safe and sound Bank.