The Arkansas State Bank Department regulates only those mortgage corporations/brokers which are subsidiaries of commercial banks chartered by the State of
The ASD also regulates state chartered credit unions, savings and loan institutions, money transmitters and check cashers (in some cases).
The State Bank Department was created by Act 113 of 1913. The Department is charged with regulating state-chartered commercial banks with main offices in Arkansas. These 71 banks hold assets of over $166 billion as of September 30, 2024. 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.
