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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.

Application Abbreviations

 

ABBREVIATION DEFINITION
   
Addl Trust Off. Additional Trust Office
Branch Reloc Relocation of branch office
Branch-CC Branch into a contiguous county
Branch-SW State-wide branch
Change Control Change in Control
Conversion Conversion of charter type to state chartered
Mainoff Reloc Relocation of main office
Mn Of Rl in Cty Relocation of main office (in city)
P&A< Purchase or Assumption of less than 50 percent of assets or liabilities
P&A> Purchase or Assumption of over 50 percent of assets or liabilities
POE(BHC) Plan of Exchange that involves a bank holding company
POE Plan of Exchange

 


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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