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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.

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Arkansas Department of Commerce launches tornado response resources webpage

Apr 4th, 2023

The Arkansas Department of Commerce has created a webpage for Arkansans and businesses that have been impacted by the storms that hit the state on March 31, 2023. The new page is available at commerce.arkansas.gov/arkansas-tornado-response.

The page includes links to resources from the federal, state and local levels, as well as information on how to remain up-to-date on the latest news regarding relief efforts. Business resources include unemployment assistance, insurance resources, consumer protection, and information on disaster loans.

“Arkansas communities have been hit hard by the recent storms and need all the support they can get,” said Secretary of Commerce Hugh McDonald. “Our goal is to make it easy for businesses and individuals to find the help they need.”

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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 73 banks hold assets of over $155 billion as of June 30, 2023. 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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