The State Banking Board was created by Act 60 of 1933.
The Board consists of six members who are appointed to five-year terms by the Governor.
The powers and duties of the State Banking Board include approving or disapproving all:
- Applications for new bank charters
- Merger applications
- Applications for the purchase and assumption of more than 50 percent of the assets or liabilities of a depository institution
- Applications for the conversion to a state charter by national banks or savings and loan associations
- Amendments to a state bank’s articles of incorporation
- All rules promulgated by the Bank Commissioner
Current Board Members
Andy Davis – Chairman
Roland
Term Expires: 12-31-2026
Rusty Lanier – Vice Chairman
Little Rock
Term Expires: 12-31-2028
Randy Scott
Blytheville
Term Expires: 12-31-2025
Gary Head
Little Rock
Term Expires: 12-31-2028
Allen Kerr
Little Rock
Term Expires: 12-31-2028
Todd Smith
Monticello
Term Expires: 12-31-2029
State Banking Board Meetings
The board holds regular meetings four (4) times a year on the third Thursday of January, April, July and October. The Bank Commissioner or the Chairman of the Board may reset the meeting after giving notice as required by regulation or may call special meetings as needed.
January 16, 2025
Regular State Banking Board Meeting (Cancelled)
April 17, 2025
Regular State Banking Board Meeting (Cancelled)
July 17, 2025
Regular State Banking Board Meeting (Cancelled)
August 14, 2025
Special State Banking Board Meeting
