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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.

Governor Hutchinson Appoints David Leech of Stuttgart to State Banking Board

Feb 2nd, 2017

David Leech of Stuttgart, a retired retail grocer and member of the board of directors of McGehee Bank, has been appointed to the State Banking Board.  Leech’s appointment by Governor Asa Hutchinson was effective as of January 19, 2017, and his term on the board will run through December 31, 2021.

Leech is replacing board member Elizabeth Bowles, who served one term on the Banking Board after being appointed in 2012 by former Governor Mike Beebe.

Leech is past president of Mayflower Food Stores Inc. in Stuttgart and Ad Max LLC, Hammond, Louisiana, which is involved in retail advertising and distribution.  He has served as a director at McGehee Bank since 1986.

Leech graduated from Monticello High School in 1968 and the University of Arkansas at Monticello in 1972.

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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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