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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.

 

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...

Ask the Regulator Session Postponed
Mar 26th, 2020

Ask the Regulator Registrants:
 
Due to recent legislative developments that could impact the March 22 interagency statement on the accounting for loan modifications and reporting for financial institutions, the Ask the Regulator session scheduled for Friday,...

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...

Cancellation: Regular Meeting of the State Banking Board, April 16, 2020
Mar 13th, 2020

                                                  NOTICE OF CANCELLATION

            Notice is hereby...

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...

State Bank Department Moving
Jan 27th, 2020

State Bank Department Moving

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...

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...


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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