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Protecting Older Americans

Arkansas Bank Protects Older Americans with Disabilities

Simmons Bank EVP and Assistant General Counsel Steve Wade led associates and a task force of lawmakers and banking professionals to collaborate, research and draft SAFER AR Act (HB 1391). His leadership was instrumental in collaborating, researching and drafting this law to provide protection to the elderly and people with disabilities. The SAFER AR Act gives financial institutions the authority to recognize, delay and report financial exploitation of older Americans and people with disabilities in Arkansas.

The work has earned Simmons Bank a 2022 Community Commitment Award from the ABA Foundation. This award recognizes and promotes the many valuable ways banks of all sizes contribute to economic growth, community development and enhancing the quality of life in their communities—and is a true badge of honor for any bank to earn.

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