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Arkansas: Banks’ Economic Impact

Banks support Arkansas's economy with consumer, business and other loans, and by providing more than 15,000 people with a rewarding place to work.

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Jobs

Jobs

  • 15,928Employees

  • $1.2 BTotal Annual Compensation & Benefits

  • $74,678Average Total Compensation & Benefits

  • 13 Banks 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 branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis

Lending

Lending

  • $27.5 BNew Home Loans Booked in 2021

  • 74,669Number of New Home Loans in 2021

  • $245,000Median New Home Loan Size in 2021

  • $2.6 BSmall Business Loans

  • 208.9 KNumber of Small Business Loans

  • $12,316Average Small Business Loan

  • $1.3 BSmall Farm Loans

  • 23,445Number of Small Farm Loans

  • $68,906Average 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: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis

Customers

Customers

  • 5.0 MCustomers

  • $203.8 BDeposits

  • 64Banks Operating Branches

  • 1,063Branches & Offices

  • 733Branches 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.

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 498.4 KVolunteer Hours

  • $149.1 MCommunity Donations

A Bank That Kick Starts Change for an Entire Community

Citizens Bank, in Batesville, AR, has seen its community growth initiative result in a major boost to the local economy, bringing together leaders and investment for major impact.

Source: Estimates based on ABA 2020/2021 survey data

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