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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.

News

Conversion of Fidelity National Bank, West Memphis, Arkansas

June 27, 2019

The Arkansas State Banking Board approved the conversion of Fidelity National Bank, West Memphis, Arkansas to an Arkansas state-chartered bank to be known as Fidelity Bank, West Memphis, Arkansas.  The charter was granted June 27, 2019.

Pictured above is Commissioner Candace Franks, Fidelity Bank President and CEO Charles Horton and members of the Arkansas State Banking Board.

 

Bank Department Move
Jan 15th, 2020

Effective 1/27/20, the Bank Department's main office will move from our current location at 400 Hardin Road in West Little Rock to the Commerce Building off of Riverfront.  
 
The new address will be:  
 
Arkansas State...

Regular Meeting of the State Banking Board, January 16, 2020
Dec 9th, 2019

N O T I C E

Notice is hereby given that a Regular Meeting of the State Banking Board is scheduled for Thursday, January 16, 2020.  The meeting will be held at 10:00 a.m. in the...

Memo from the Commissioner - LIBOR 10-24-2019
Oct 29th, 2019

DATE:        October 24, 2019

TO:             Chief Executive Officer

FROM:       Candace Franks, Bank Commissioner

SUBJECT:  London Interbank Offered Rate (LIBOR)

 

The widely used reference rate known as the London Interbank Offered Rate (LIBOR) is scheduled to...

Cybersecurity Resources
Sep 24th, 2019

DATE:        September 24, 2019

TO:             Chief Executive Officer

FROM:       Candace Franks, Bank Commissioner

SUBJECT:  Cybersecurity Resources

 

It has been several years since I have issued a communication regarding cybersecurity.  Just as it was becoming an...

Commissioner reappointed for fourth term
Jun 30th, 2019

Governor Asa Hutchinson has reappointed Candace Franks to a fourth term as Bank Commissioner effective June 30, 2019. 

Conversion of Fidelity National Bank, West Memphis, Arkansas
Jun 27th, 2019

The Arkansas State Banking Board approved the conversion of Fidelity National Bank, West Memphis, Arkansas to an Arkansas state-chartered bank to be known as Fidelity Bank, West Memphis, Arkansas.  The charter was granted June 27, 2019.

Roby Brock Interview with Commissioner Franks
Apr 13th, 2019

Candace Franks leads State Bank Department through a new era of growth and change

by Roby Brock (roby@talkbusiness.net)  April 13, 2019

London Interbank Offered Rate (LIBOR)
Mar 20th, 2019

DATE:       March 20, 2019

TO:            Chief Executive Officer of the Institution Addressed

FROM:       Candace Franks, Bank Commissioner

SUBJECT: London Interbank Offered Rate (LIBOR)

 

As you may recall, in my comments provided at the 2018 Day...


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 76 banks hold assets of over $106.5 billion as of December 31, 2019. 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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