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Arkansas: Banks’ Economic Impact

Banks support Arkansas's economy with consumer, business and other loans, and by providing more than 18,000 people with a rewarding place to work.

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Jobs

Jobs

  • 18,398Employees

  • $1.6 BTotal Annual Compensation & Benefits

  • $86,143Average Total Compensation & Benefits

  • 79Banks Headquartered in State

Regions Employee Helps Teen See What’s Possible

It all began with a pair of eyeglasses. “I noticed Christian was sitting by himself, so I walked over, mentioned I had recently started wearing glasses and said I liked his,” said Al Moore, a member of Regions Bank’s investment services team, recalling the day he met Christian Pace. 

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $5.9 BNew Home Loans Booked in 2023

  • 23,380Number of New Home Loans in 2023

  • $225,000Median New Home Loan Size in 2023

  • $6.7 BSmall Business Loans

  • 185 KNumber of Small Business Loans

  • $36,400Average Small Business Loan

  • $565.2 MSmall Farm Loans

  • 12,885Number of Small Farm Loans

  • $43,862Average Small Farm Loan

A Partner Across the Board

Greta Ishmael trusted FNBC in Arkansas to help her realize not just the purchase of a pharmacy from her father, but also to expand a second business pursuit: a paddleboard rental business.

Source: FFIEC HMDA 2023, FFIEC CRA 2023, FDIC Call Report 2023Q4, ABA analysis

Customers

Customers

  • $97 BDeposits

  • 111Banks Operating Branches

  • 1,328Branches & Offices

  • 707Branches Offering Low Fee Bank On-certified Accounts

A Flag of Honor at a Surprising Moment

Arvest Bank, headquartered in Fayetteville, AR, presents military branch flags to VA Loan Program recipients at mortgage closing, throughout the bank’s four-state footprint.

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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