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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.

Mortgage Corporations/Brokers Information

 

The Arkansas State Bank Department regulates only those mortgage corporations/brokers which are subsidiaries of commercial banks chartered by the State of Arkansas.  The Office of the Controller of the Currency (OCC) regulates mortgage corporations/brokers that are subsidiaries of national banks.  Mortgage corporations/brokers that are subsidiaries of commercial banks chartered by states other than Arkansas are regulated by the state in which the bank is chartered.  Mortgage corporations/brokers that are independent are regulated by the Arkansas Securities Department (ASD). 

The ASD also regulates state chartered credit unions, savings and loan institutions, money transmitters and check cashers (in some cases). 

Office of the Comptroller of the Currency (OCC)

Arkansas Securities Department (ASD)


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 80 banks hold assets of $85.2 billion as of June 30, 2017. 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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