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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.

AFEC & CALS 2022 Financial Education Series

Description

The Arkansas Financial Education Commission and the Central Arkansas Library System have partnered to offer a free virtual financial education series. The goal of the series is to help take the fear out of finances, especially for those who’ve been putting off educating themselves about saving and budgeting.

The series will feature a total of six (6) monthly sessions that begin Tuesday, April 12. Subsequent sessions will take place May 10 and June 14, then resume September 13, October 11 and November 8.  The sessions will be presented by local and national financial experts. Topics will include budgeting, avoiding debt, staying cyber-safe, and planning for retirement.

Sessions will be presented live on the library system’s Zoom virtual platform and will be recorded for later viewing. Each session begins at 6:30 p.m. and will last approximately one hour. Although they are free to attend, registration will be required for each presentation. For details and to register, visit: cals.org

 

April 12:  Budgeting and planning (Presented by Kris Bertelsen, Senior Economic Education Specialist, LR Branch of Federal Reserve Bank of St. Louis)

  • Spending and saving wisely
  • Banking and payment methods
  • Emergency funds

 

May 10:  Avoiding Debt Traps With Educational Expenses (Presented by Taylor Leaphart, Manager of Service Delivery and Financial Coach, Change Machine )

  • Paying for college
  • Managing student loan debt
  • Using credit cards wisely

 

June 14:  Avoiding Debt Traps With Medical Expenses (Presented by Signe-Mary Mckernan with Urban Institute and Berneta Haynes with National Consumer Law Center)

  • How to avoid or minimize medical debt
  • Resources and options available to consumers who are navigating debt
  • Avoiding a negative impact to your credit score with mounting medical debt

 

September 13: Buying vs Renting (Presented by Shawn Karnes, Executive Director with Arvest Bank Mortgage and John Hurst, VP with Simmons Bank Mortgage)

  • Determining if you’re ready to buy
  • Which is better for your situation, renting or buying?
  • How to start the home buying process

 

October 11: Avoiding identity theft/cyber security (Presented by Lee Watson, Chairman & CEO of Forge Institute)

  • October is National Cyber Security Awareness Month
  • Tips for staying safe online

 

November 8: Planning for retirement (Presented by Cheryl Daughenbaugh, Investment Manager with Stephens Capital Management)

  • How much should I be saving
  • Basics about 401(k), Roth IRAs and more

 


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 74 banks hold assets of over $147.1 billion as of June 30, 2022. 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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