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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.

 

Notice of Cancellation
Jun 29th, 2020

  NOTICE OF CANCELLATION

 

            Notice is hereby given that the Regular Meeting of the State Banking Board scheduled for Thursday, July 16, 2020, at 10:00 a.m. in the Conference Room of the Department of Commerce, State...

Interagency Guidance - Effect of COVID-19 Pandemic on Institutions
Jun 24th, 2020

DATE: June 23, 2020
 
TO: Chief Executive Officer
 
FROM: Candace Franks, Bank Commissioner
 
SUBJECT: Interagency Guidance – Effect of COVID -19 Pandemic on Institutions
 
The...

Consumer Guide on Mortgage Relief Options
May 18th, 2020

 
On May 15, 2020, the Conference of State Bank Supervisors (CSBS) and the Consumer Financial Protection Bureau (Bureau) released a Consumer Relief Guide with borrowers’ rights to mortgage payment forbearance and foreclosure protection under the federal...

Coronavirus Contingency Plan - UPDATE 4/7/2020
Apr 7th, 2020

DATE: April 7, 2020
 
TO: Chief Executive Officer
 
FROM: Candace Franks, Bank Commissioner
 
SUBJECT: Coronavirus Contingency Plans – UPDATE – April 7, 2020
 
Today, the federal...

Coronavirus Contingency Plan - UPDATE 3/27/2020
Mar 27th, 2020

DATE: March 27, 2020
TO: Chief Executive Officer
FROM: Candace Franks, Bank Commissioner
SUBJECT: Coronavirus Contingency Plans – UPDATE – March 27, 2020
 
I want to thank you and your institutions for...

Coronavirus Contingency Plan - UPDATE 3/23/2020
Mar 23rd, 2020

DATE: March 23, 2020
TO: Chief Executive Officer
FROM: Candace Franks, Bank Commissioner
SUBJECT: Coronavirus Contingency Plans – UPDATE – March 23, 2020
 
As we continue to navigate the COVID-19-Coronavirus pandemic, we...

Coronavirus Contingency Plan - UPDATE 3/18/2020
Mar 18th, 2020

DATE: March 18, 2020
 
TO: Chief Executive Officer
 
FROM: Candace Franks, Bank Commissioner
 
SUBJECT: Coronavirus Contingency Plans – UPDATE – March 18, 2020
 
The Arkansas State...

Coronavirus Contingency Plan - UPDATE 3/16/2020
Mar 16th, 2020

DATE: March 16, 2020
 
TO: Chief Executive Officer
 
FROM: Candace Franks, Bank Commissioner
 
SUBJECT: Coronavirus Contingency Plans – UPDATE – March 16, 2020
 
As a follow-up to my communication...

Coronavirus Contingency Plan
Mar 11th, 2020

DATE: March 11, 2020
 
TO: Chief Executive Officer
 
FROM: Candace Franks, Bank Commissioner
 
SUBJECT: Coronavirus Contingency Plans
 
The State Bank Department has closely followed recent updates and media reports regarding the spread and...

FFIEC Interagency Statement on Pandemic Planning
Mar 9th, 2020

The Federal Financial Institutions Examination Council (FFIEC) has recently updated its guidance identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic.  We hope this information is helpful to your institution...


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 $112.6 billion as of March 31, 2020. 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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