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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.

State Banking Board


Board Meeting Minutes


The State Banking Board was originally created under Act 60 of 1933. The Board consists of six (6) members. The members serve for five (5) years.

The powers and duties of the board include: Pass upon bank charter applications and charter amendments; pass upon proposed reorganizations, mergers and consolidations and conversion from National Charter to State Charter; power to permit banks to change location of place of business from one city to another; etc.

The Commissioner and the State Banking Board have full authority to issue rules and regulations.

The board holds regular meetings four (4) times a year on the third Thursday of January, April, July and October. The Bank Commissioner or the Chairman of the Board may reset the meeting after giving notice as required by regulation or may call special meetings as needed.



Randal Scott

Term Expires: 12-31-2020

David Leech

Term Expires: 12-31-2021

Lana Hampton

Term Expires: 12-31-2018

Zach McClendon

Term Expires: 12-31-2019

Gary Hudson, 2016 Chairman

Term Expires: 12-31-2018

Gary Smith

Little Rock
Term Expires: 12-31-2018