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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.

New Hires

 

The Arkansas State Bank Department proudly announces

the recent employment of the following individuals:

 

 

Thomas Griggs earned a Bachelor of Science Degree in Finance and Banking from Arkansas State University in Jonesboro in May 2022. Mr. Griggs has banking experience with Centennial Bank in Jonesboro and six years of military experience including serving as a Staff Sergeant in the United States Air Force. Mr. Griggs will be working as a Commercial Examiner in our Jonesboro office.
Tyler Lucas earned a Bachelor of Business Administration Degree in Finance from University of Central Arkansas in Conway in 2018. Mr. Lucas worked as a Teller/Senior Teller for Arvest Bank and worked at Bank OZK serving as an Assistant Branch Manager, Fraud Analyst and, as the VP Fraud Intelligence Manager. Mr. Lucas will be working as a Commercial Examiner in our Little Rock office.
Shawn Smith earned a Bachelor of Science Degree in Business Management with a concentration in Leadership, from Arkansas State University in Jonesboro in 2002. Mr. Smith has 18 years of work experience with the Arkansas Treasury. Mr. Smith will be working as a Commercial Examiner in our Little Rock office.
Paige Whitley earned a Bachelor of Science Degree in International Business with a concentration in Marketing and a minor in Spanish, from the University of Arkansas in Fayetteville in December 2021. Ms. Whitley has prior work experience at Southern Bancorp Bank. Ms. Whitley will be working as a Commercial Examiner in our Little Rock office.
Elizabeth Swaim earned an Associates of Arts Degree in General Education from Arkansas State University Three Rivers in Malvern in 2007. She has prior work experience with both DHS and most recently with the Arkansas Insurance Department. Ms. Swaim will be working in our Administrative Division in our Little Rock office.
Kevin Douglas has over 40 years’ experience as an electronic technician in the IT field. Mr. Douglas received an associate degree in Electronic Technology and a 2-year Computer Science degree from Arkansas College of Technology, Little Rock, Arkansas.

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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