About ACB

What is a Community Bank?

A community bank is any state or federally chartered bank or thrift with its charter located in the State of Arkansas. It is locally owned and locally controlled. These institutions either serve a single county , contiguous counties or counties statewide and make the majority of their loans in the trade areas from which their deposits are gathered. They prescribe to the philosophy of independent community banking as evidenced by their actions and support.

ACB History

In 1980 a small group of like-minded independent bankers banded together to charter the Arkansas Independent Bankers Association. These pioneers in Arkansas banking represented some 65 independent community banks throughout our State. In 1993 the name of the association was officially changed to the Arkansas Community Bankers Association. May 1995 the membership voted to allow Arkansas based thrifts to be members of ACB. Today ACB represents all community banks and thrifts in Arkansas.

• ACB created its niche in the bank products and services arena. Today, Community Bank Services, Inc. endorses over 25 bank product and service providers offering hundreds of products and services to our member banks. The annual volume purchased by the participating banks exceeds $40 million.
   
• The Arkansas Bankers' Bank was chartered in 1990. The purpose was to create and provide an alternative source for correspondent banking services for independent community banks. Organization of the bankers' bank was a project undertaken by ACB in 1989. It was the sixteenth bankers' bank to be organized in the country and the first to over subscribe its stock offering.
   
• ACB provides a strong voice for legislative issues on the state and national levels. Under the maxim “no lobbyist is as effective as a constituent”, the ACB LegislativeWatch is an electronic messaging service utilized to encourage member bankers to contact their state and congressional delegations to express their views on issues related to community banking.
   
• ACB was the first community bank association to develop a computer based bulletin board service for its members. Arkansas Community Bank Network provided information from regulatory, legal, accounting; service providers; and other professional sources. This network was used as the model for the creation of networks for several other state associations as well as the Independent Community Bankers of America's "community bank exchange" network. Arkansas Community Bank Network was the forerunner to today's ACB website www.acbonline.org.
   
  

Contact us at 800-771-1634, FAX (501) 525-0637, info@acbonline.org

| TOP |

Mission Statement

The Arkansas Community Bankers Association is committed to the preservation of community banks, their franchise values and the integrity of their local economies. ACB supports ownership that is indicative of a philosophy supportive of the ideals that maintain local community commitment and resists entities that threaten the existence of community banks. These objectives will be accomplished through regulatory, legislative, educational and earnings improvement programs available to ACB members. Such programs will be developed, initiated and executed by the leadership of the Arkansas Community Bankers Association. National and state level changes in the banking industry, both actual and proposed, will be monitored on a continuing basis and the Arkansas Community Bankers Association will respond to such change in a manner that will best protect and preserve the principles for which we stand.

| TOP |

ACB Board of Directors

| TOP |

ACB Officers & Executive Committee

| TOP |

ACB Staff and Professional Support

| TOP |

ACB Member Demographics  (Source - FDIC 9/30/09)