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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

Interagency Guidance - Effect of COVID-19 Pandemic on Institutions
Jun 24th, 2020

DATE: June 23, 2020
 
TO: Chief Executive Officer
 
FROM: Candace Franks, Bank Commissioner
 
SUBJECT: Interagency Guidance – Effect of COVID -19 Pandemic on Institutions
 
The...

Consumer Guide on Mortgage Relief Options
May 18th, 2020

 
On May 15, 2020, the Conference of State Bank Supervisors (CSBS) and the Consumer Financial Protection Bureau (Bureau) released a Consumer Relief Guide with borrowers’ rights to mortgage payment forbearance and foreclosure protection under the federal...


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 73 banks hold assets of over $132.4 billion as of June 30, 2021. 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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