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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.

Message from the Bank Commissioner

I want to report that the banking industry in Arkansas is strong and banks are open and operational to meet the needs of their customers and the public.

The financial services sector is defined as a Critical Infrastructure Sector by the Department of Homeland Security. Specifically, banking services are identified as essential public services and Arkansas banks are committed to meeting the needs of their customers and communities they serve and will remain open and operational.

As essential services, banks are doing their part to ensure a safe environment for both their employees and their customers. Customers can expect to see a shift to drive-thru operations and the increased utilization of ATMs, ITMs, mobile banking applications and on-line banking services.

I am pleased to confirm that Arkansas banks have healthy levels of capital and available cash. Banks continue to be the safest place for your money and since 1933; no one has ever lost a penny of FDIC-insured funds.

If you have questions about how best to access banking services, I encourage you to contact your bank, they stand ready to answer questions and assist their customers and the public.

Thank you,

Candace Franks
Bank Commissioner


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 75 banks hold assets of over $123.0 billion as of June 30, 2020. 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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