State
Banking
Board
(updated
November 17, 2008)
The State Banking Board was originally created under Act 60 of 1933. The
Board consists of six (6) members. The members serve for five (5) years.
The powers and duties of the board include: Pass upon bank charter
applications and charter amendments; pass upon proposed reorganizations,
mergers and consolidations and conversion from National Charter to State
Charter; power to permit banks to change location of place of business from one
city to another; etc.
The Commissioner and the State Banking Board have full authority to issue
rules and regulations.
The board holds regular meetings four (4) times a year on the third
Thursday of January, April, July and October. The Bank Commissioner or the
Chairman of the Board may reset the meeting after giving notice as required by
regulation or may call special meetings as needed.
Marcus McCain, Chairman
Arkadelphia
Term Expires: 12-31-2009
John Freeman, Vice Chairman
Term Expires: 12-31-2010
David Short
Bentonville
Term Expires:
Elmer Flucht
Mayflower
Term Expires:
Margie Russ
Magnolia
Term Expires:
Creed Spann
Term Expires: 12-31-2011
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