Arkansas
State Bank Department
Why I Choose to be a
State Chartered Bank
(updated
March 31, 2009)
TESTIMONIAL
OF
BOB BURNS,
CHAIRMAN/CEO/PRESIDENT
FARMERS BANK
AND TRUST COMPANY, MAGNOLIA,
State supervision under the Arkansas Bank Department has been an outstanding choice for our bank. The Department, because of its local focus and flexibility, allows our bank to serve our market in ways that are more difficult for federal banking regulators. State regulators are more concentrated in one geographical area and closer to our markets and customers than are federal regulators.
The choice of regulators seems to
foster a more competitive spirit between federal and state banking regulators.
We have always found state examiner's
to be well trained and knowledgeable in fulfilling all safety and soundness
responsibilities.
TESTIMONIAL
OF
J. STEPHEN
CAMERON, CEO
FIRST
FINANCIAL BANK,
First
Financial Bank converted to a state bank charter from a thrift charter in
2000. We have found the Arkansas State
Bank Department to be professional and courteous while fulfilling their
regulatory mission, consistent from year to year, and responsive to questions
or concerns. We have been pleased with
our decision to become an Arkansas State Bank.
TESTIMONIAL
OF
JIM C.
WALTON, PRESIDENT
ARVEST BANK,
Our experience over the years has
shown that a state bank charter has proven to be a cost-effective banking
structure with powers to conduct business that allow us to compete. As a state-member bank we have benefited from
the experience and insights of both the state and federal bank supervisors who
provide complementary perspectives of our business.
TESTIMONY OF
Wallace W. Fowler, Chairman/CEO
LIBERTY BANK OF
Over the past 20 years of banking I have
been associated with several national bank acquisitions in the state of
TESTIMONY OF
WARREN A. JENNINGS, sR., Chairman/CEO/president
ARKANSAS COUNTY BANK,
We feel that it is a great benefit to our
Bank to be able to rely on the State Bank Department’s understanding of our
community and the agricultural economy.
The open-door communication policy of
the State Bank Department is also a great benefit in helping us run a safe and
sound Bank..