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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.

New Hires

 

The Arkansas State Bank Department proudly announces

the recent employment of the following individuals:

 

 

Mr. Bradley "Brad" Chu joined the Department effective January 2, 2024. Mr. Chu earned a Bachelor’s Degree in Business Administration with a Concentration in Accounting from the University of Arkansas in Fayetteville, AR. Mr. Chu is a Commercial Examiner assigned to our Little Rock office.
Mr. Jonathan Cook joined the Department effective January 2, 2024. Mr. Jonathan Cook earned a Bachelor’s Degree in Finance from the University of Arkansas in Little Rock, AR, and he has over 14 tears of banking and finance related work experience. Mr. Cook serves as a Commercial Bank Examiner assigned to our Little Rock office.
Mr. David "Brent" Pilkington joined the Department effective January 2, 2024. Mr. Pilkington earned a Bachelor’s Degree in Computer Science from the University of Central Arkansas in Conway, AR, and has over 10 years of professional IT related experience. Mr. Pilkington is an Information Systems Examiner assigned to our Little Rock office.
Mr. John "Patrick" Saffold joined the Department effective January 2, 2024. Mr. Saffold earned a Bachelor’s Degree in Business Management from Arkansas State University in Jonesboro, AR. Mr. Saffold is a Commercial Examiner assigned to our Jonesboro office.
Mr. Grant Staton joined the Department effective January 2, 2024. Mr. Staton earned a Bachelor’s Degree in Finance and Management from the University of Arkansas in Fayetteville, AR. Mr. Staton is a Commercial Examiner assigned to our Jonesboro office.
Ms. Natalie Young joined the Department effective January 2, 2024. Ms. Young earned a Bachelor’s Degree in Business Administration from the University of Arkansas in Fayetteville, AR. Ms. Young is a Commercial Examiner assigned to our Little Rock office.
Aspen Madsen will be joining the Department effective March 11, 2024. Ms. Madsen has professional experience providing customer assistance for an answering service provider, as well as banking experience as a Bank Teller for Simmons Bank and a Deposit Operations Specialist for Iberiabank. Ms. Madsen will be assigned to the Bank Department’s Administrative Support Team in the Little Rock office.

 


The Great Seal of Arkansas

The State Bank Department was created by Act 113 of 1913. The Department is charged with regulating state-chartered commercial banks with main offices in Arkansas. These 73 banks hold assets of over $161 billion as of December 31, 2023. 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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