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.
Jan 15th, 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...
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...
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...
Jun 30th, 2019
Governor Asa Hutchinson has reappointed Candace Franks to a fourth term as Bank Commissioner effective June 30, 2019.
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.
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 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.