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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.

News

Conversion of Fidelity National Bank, West Memphis, Arkansas

June 27, 2019

The Arkansas State Banking Board approved the conversion of Fidelity National Bank, West Memphis, Arkansas to an Arkansas state-chartered bank to be known as Fidelity Bank, West Memphis, Arkansas.  The charter was granted June 27, 2019.

Pictured above is Commissioner Candace Franks, Fidelity Bank President and CEO Charles Horton and members of the Arkansas State Banking Board.

 

Special meeting of the State Banking Board
Jul 18th, 2019

N O T I C E

Notice is hereby given that a Special Meeting of the State Banking Board is scheduled for Thursday, August 22, 2019.  The meeting will be held at 10:00 a.m. in the...

Roby Brock Interview with Commissioner Franks
Apr 13th, 2019

Candace Franks leads State Bank Department through a new era of growth and change

by Roby Brock (roby@talkbusiness.net)  April 13, 2019

London Interbank Offered Rate (LIBOR)
Mar 20th, 2019

DATE:       March 20, 2019

TO:            Chief Executive Officer of the Institution Addressed

FROM:       Candace Franks, Bank Commissioner

SUBJECT: London Interbank Offered Rate (LIBOR)

 

As you may recall, in my comments provided at the 2018 Day...


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 79 banks hold assets of over $101.5 billion as of March 31, 2019. 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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