Message from the Bank Commissioner
I am very proud of the banking industry in Arkansas. Despite the level and trend of industry consolidation, total assets of Arkansas state chartered banks have continued to flourish and grow and the overall health of our Arkansas state chartered banks remains strong.
The banking sector has weathered many challenges over the years and 2020 will certainly stand alone as an impactful period in banking and financial services. Once again, our community banks have stood strong and continued to first and foremost serve the needs of their customers and communities.
The Arkansas State Bank Department remains committed to working with our regulated institutions to maintain a safe and sound banking environment and encouraging economic development for Arkansas.
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 $132.4 billion as of June 30, 2021. 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.