The Arkansas Banker July 2018

July 2018

#ARHometownBankers

Make a Difference to Children

Volume CI, No. 7

ABA PROFESSIONAL DEVELOPMENT

LIVE EVENTS Providing you with face-to-face interaction with expert instructors!

AUGUST 2018 Bank Security Hot Topics August 14, 2018 | ABA Office, Little Rock Who Should Attend: Security Officers, Chief Information Officers, Operations Managers

Opening New Accounts August 22, 2018 | Crowne Plaza, Little Rock Who Should Attend: Customer Contact Personnel, Internal Auditors, New Account Officers

13 18

SEPTEMBER ELS Day at the Capitol

Loan Assistants & Processors Workshop

18-19 Supervisor Boot Camp 19

Consumer Lending Review

OCTOBER

NOVEMBER

9 Advanced BSA Brush-Up

5-6 ELS Leadership Conference

10 Bank Directors Workshop II

13-14 Call Report Preparation

16-17 IRA School

29 FDIC Banker Outreach

25-26 Mega Conference

2018 Mega Conference Tracks include:

• Agricultural Lending

• Security

• Lending

• Technology

• Compliance • Marketing

• Strategic Thinking • Trust

Log on to www.arkbankers.org/Mega.aspx for details!

For more information about ABA Live Events, log on to www.arkbankers.org or call 501.376.3741.

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July 2018 COLUMNS

Volume CI, No. 7 President’s Message

4

Bill Holmes

Chairman’s Column

CELEBRATING MAKE A DIFFERENCE TO CHILDREN MONTH

6

Cathy Owen

Washington Update

8

Rob Nichols

5 Minutes with Cody Knight Millennial Minute with Samantha Taylor

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10

Bank On Arkansas+

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14

Act 480 is Here and Teachers are Well Prepared

DEPARTMENTS

by Claudia Utley

Member News

28

16

NWA Bank Helps Build Hope for Area Children

Professional Development Live Events Webinars AmBA Training

Banker News & Moves

2 5 7

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18 The Arkansas Banker Online

Join us at www.arkbankers.org to read and share statewide banking news!

The Arkansas Banker (ISSN 004-1726) is published monthly by the Arkansas Bankers Association, 1220 West Third Street, Little Rock, AR 72201. Phone: 501.376.3741. Periodical postage paid at Little Rock, AR. Postmaster: Send address changes to Arkansas Bankers Association, 1220 West Third Street, Little Rock, AR 72201. Subscription to The Arkansas Banker magazine is included in the membership fees to the Arkansas Bankers Association. Cover price is $5.95 each. Annual subscription rates are $40.00 for members and $60.00 for non-members.

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#BankersGiveBack: Highlights of Hometown Bankers Making a Difference in the Lives of Arkansas Children

Investing in Children & Youth in Arkansas

by Donna Spakes

SURVEY SAYS

Random question.

Random bankers.

Interesting results.

Where do you get your news?

21%

65% Online

Newspapers/ Magazines

14% Television

CLICK HERE

to take part in July’s Survey Says!

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PRESIDENT’S MESSAGE Help Them Know You Better

ABA STAFF

This month’s magazine focuses on what banks are doing to make a difference for children across Arkansas. I thought that this would be a good time to remind ourselves about the character our banks show, and the lead role they play in the improvement and healthy function of local towns and counties across the state.

Bill Holmes

Bankers are involved daily in conversations and collaborations with school districts, county judges, local and state legislators, and business owners. We don’t usually point out the benefits of hometown banking, and those contacts don’t usually focus on the benefits of hometown banking. Too often our services are simply mechanisms for getting a new building or more inventory.

We need to start telling our story. Our banks are community drivers and we need to help customers and constituents know us better by reminding them of our key role.

By most definitions, community banks are focused on providing traditional banking services, locally. The vast majority of our core deposits are from the local market and the most of our loans are made to local businesses and residents.

Because of this, community banks are seen as relationship bankers, while large megabanks are viewed as transactional bankers. As relationship bankers, we have unique, specialized knowledge of our customers, their roles in the community and local needs. We are able to base our decisions for loans, mortgages and start-up capital on the non-standardized data garnered through long-term relationships.

We are not tied to algorithms and matrix models of large international banks. The relationship lending services that our banks offer are usually the only way small businesses have to obtain a loan and have a chance to become a growing part of our community.

Relationship banking is just one of the many advantages of a hometown bank: our small staffs typically reside locally, and live and work alongside the decision makers for our clients; our customers receive high-touch branch experience paired with the latest technologies; and our focus remains on the communities we serve. By offering mobile banking, remote deposit services, and direct contact and involvement with our lenders and management, paired with the hours of volunteer services and sponsorships, our banks offer the best of both worlds.

Those benefits are irreplaceable.

Most hometown banks are privately owned and locally controlled. This leads to our bankers weighing their decisions on the effects of our shareholders, employees and yes, on our community.

The next time you are in a conversation – or negotiation – with your mayor, county judge or president of the hospital, take time to remind them of the lead role your bank plays. Without community banks, there can’t be communities. Thank you for what you do every day to make us better.

Bill Holmes | President & CEO Arkansas Bankers Association

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President & CEO 501.978.3602 bill.holmes@arkbankers.org

Barry Jackson

SVP / Chief Operating Officer 501.978.3613 barry.jackson@arkbankers.org

Carla Brinkley

VP / Controller 501.978.3608 carla.brinkley@arkbankers.org

Kami T. Coleman

VP / Professional Development 501.978.3614 kami.coleman@arkbankers.org

Ava F. Roberts

VP / Director of Government Relations 501.978.3606 ava.roberts@arkbankers.org

Traci Logsdon

Director of Communications 501.978.3603 traci.logsdon@arkbankers.org

Jessica Sahene

Marketing Coordinator 501.978.3609 jessica.sahene@arkbankers.org

Brenda Scarbrough

Administrative Assistant 501.978.3607 brenda.scarbrough@arkbankers.org

ABA PROFESSIONAL DEVELOPMENT

AUGUST 2018 Thursday, August 2 BSA: Opening Deposit Accounts for High Risk Customers 1:30 p.m. – 3:30 p.m.

Friday, August 3

Excel Explained: Budget Spreadsheets 10:00 a.m. – 12:00 p.m.

Tuesday, August 7

Coaching Tellers to Excellence 1:30 p.m. – 3:30 p.m.

Wednesday, August 8

Crimes Against Your Customer – Front Line Staff Training 1:30 p.m. – 3:30 p.m.

Thursday, August 9

Dealing with Casual Days, Dress Codes and Work Appearance 10:00 a.m. – 12:00 p.m.

Tuesday, August 14

Compliance Management 10:00 a.m. – 12:00 p.m.

Three Key Risk Assessments in Your ERM Program 1:30 p.m. – 3:30 p.m.

WEBINARS

Train multiple employees for one price, from the convenient location of your bank!

Wednesday, August 15

Dealing with Appraisals: Regulations and Requirements 10:00 a.m. – 12:00 p.m.

Banker’s Responsibility Under FCRA 1:30 p.m. – 3:30 p.m.

Thursday, August 16 SSAE18 or SOC2 – What Provides Value 10:00 a.m. – 12:00 p.m.

W-9, W-8BEN and W-BEN-E New updated Forms and Info 1:30 p.m. – 3:30 p.m.

Friday, August 17

Call Report for Banks – Recent Changes, Highlights, and Pitfalls 10:00 a.m. – 12:00 p.m.

Monday, August 20

CRE Appraisals: Regulations and the Review Process 1:30 p.m. – 3:30 p.m.

Thursday, August 23

Incentives, Ethics, Account & Loan Growth 10:00 a.m. – 12:00 p.m.

Auditing Your Bank Secrecy Act Program 1:30 p.m. – 3:30 p.m.

Friday, August 24

Call Report – Lending Schedules for Banks 10:00 a.m. – 12:00 p.m.

Monday, August 27 Top 10 Most Common TRID Issues 1:30 p.m. – 3:30 p.m.

Tuesday, August 28

Advanced Cash Flow Analysis 10:00 a.m. – 12:00 p.m.

ACH Exception Processing 1:30 p.m. – 3:30 p.m.

Wednesday, August 29 The ACH Audit & Risk Assessment: What You Need to Know 10:00 a.m. – 12:00 p.m.

Compliance Issues From The EGRRCPA 1:30 p.m. – 3:30 p.m.

Thursday August 30

60 Critical Steps for Properly Handling Safe Deposit Boxes 10:00 a.m. – 12:00 p.m.

For more information about ABA Webinars, log on to www.arkbankers.org or call 501.376.3741.

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CHAIRMAN’S COLUMN Making a Difference to Children

ABA OFFICERS

Every new generation is different from previous generations. Different life styles, different technological advances, and in some respects, different ways of viewing the world. But, one thing that has been consistent is the need for a bank and the services a bank offers. As I considered future generations, I asked myself if this will continue to be the case? My initial thoughts were that this trend may not continue, and perhaps future generations may not need a bank. But, the more I thought about it, the more I am convinced future generations will need a bank, as long as we continue to evolve and offer the products and services future generations need and want. It is more important than ever to understand our future audience and how to attract them to our bank.

Cathy Owen, Chairman

This brings home the importance of not only marketing banking-related services, but also the importance of nurturing relationships from very early stages. There are many ways to actively engage with youth to cultivate these relationships and develop brand awareness for our bank. One of the best ways to build a repour with a younger generation is through volunteering and helping with youth programs. While this not only sets a great example for our youth, it also can teach them about honesty, courtesy, respect, gratitude, generosity, forgiveness and compassion, perseverance, humility, responsibility, and much more. These activities also help build their confidence in themselves, as well as our bank and bankers, with the hope these youth will eventually look to us for advice and help with their financial needs, building assets, and ultimately achieving the lifestyle they wish to achieve. And, if we are really lucky, a few may even make banking a career choice.

Arvest Bank, Little Rock

Another way banks and bankers make a difference in children’s lives is through financial contributions made to scholarship funds and charitable organizations of which children are the recipients. Many banks are sponsors of league jerseys, buy yearbooks ads, underwrite sports programs and the fields and courts utilized by children, and support many more local youth programs. Bankers can also be found providing and grilling hamburgers and hotdogs for various events and teaching financial literacy to the youth in our communities.

Johnny Adams, Conway

Working with youth in our communities, not only offers us the chance to give back to the community, but it also provides us the opportunity to make a difference in their lives. These opportunities allow us to be a good financial role model while helping them develop new skills or positively build on existing experience and knowledge. This positive experience in their lives also helps them build self-confidence and the desire to better themselves. And ultimately, we hope their relationship with their bank play a vital role in helping them to perpetuate this cycle of volunteering and sharing their experience and knowledge with the generations that follow.

I do believe our work today will have an influence on the thought processes and prosperity of future generations.

Eagle Bank & Trust, Little Rock

Rob Robinson, IV, Chairman-Elect Simmons Bank, El Dorado

Jonathan Harrell, Vice Chairman Generations Bank, Rogers

Jim Cargill, Treasurer Dave Dickson, Past Chairman Union Bank & Trust Co., Monticello

Bill Holmes, President & CEO

Arkansas Bankers Association, Little Rock

BOARD OF DIRECTORS Craig Attwood, Pine Bluff Jeff Brecklein, Jonesboro Chip Blanchard, Russellville Gene Crawford, Batesville David Dowd, Wynne Don Gibson, Springdale Chris Gosnell, Magnolia David Jessup, DeWitt Lance Lanier, Van Buren Barry Ledbetter, Little Rock Wilson Moore, Little Rock Marnie Oldner, Little Rock Mark Roberts, Malvern Lori Ross, Arkadelphia Randy Scott, Blytheville

Cathy Owen | Chairman

Chairman of Eagle Bank & Trust, Little Rock

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Jason Tennant, Eureka Springs Lynn Wright, Little Rock

ABA PROFESSIONAL DEVELOPMENT

AmBA TRAINING

AmBA Training includes extensive learning opportunities suited to specific job roles, in both facilitated and self-paced online formats, as well as in person. Flexible and cost-effective, AmBA’s online training opportunities are continually updated to provide a superior learning experience that can be accessed from anywhere, at any time.

UPCOMING COURSES

Analyzing Financial Statements 7/30/2018 - 11/23/2018 Marketing Management 7/30/2018 - 8/24/2018

Building Customer Relationships 8/6/2018 - 8/31/2018 Basic Administrative Duties of a Trustee 8/6/2018 - 9/7/2018

Introduction to Trust Products & Services 9/24/2018 - 10/26/2018 The Mortgage Lending Business 9/24/2018 - 11/2/2018 Analyzing Financial Statements 10/1/2018 - 2/1/2019 Building Customer Relationships 10/1/2018 - 10/26/2018

CTFA Exam Online Prep 8/6/2018 - 10/26/2018

Intro to Agricultural Lending 10/1/2018 - 12/7/2018

Managing the Bank’s Investment Portfolio 8/6/2018 - 9/7/2018

Commercial Lending 10/22/2018 - 1/25/2019

CRCM Exam Online Prep 8/13/2018 - 10/19/2018

Basic Administrative Duties of a Trustee 11/5/2018 - 12/14/2018

The Banking Industry 9/7/2018 - 9/28/2018

Consumer Lending 11/5/2018 - 3/8/2019

IRA Online Institute 9/4/2018 - 11/25/2018

Managing Interest Rate Risk 11/5/2018 - 1/11/2019

Analyzing Bank Performance 9/10/2018 - 10/26/2018

Marketing in Banking 11/5/2018 - 12/7/2018

Legal Foundations in Banking 9/10/2018 - 11/16/2018

Money and Banking 11/5/2018 - 3/8/2019

Bank Lines of Business 9/17/2018 - 10/11/2018

General Accounting 11/12/2018 - 3/15/2018

Marketing Planning 12/10/2018 - 1/11/2019 The Banking Industry 1/14/2019 - 2/8/2019 Consumer Lending 1/14/2019 - 5/3/2019 Fundamentals of Mortgage Lending 1/14/2019 - 2/22/2019 Marketing in Banking 1/14/2019 - 2/8/2019 Bank Lines of Business 1/21/2019 - 2/15/2019 Marketing Management 1/22/2019 - 2/15/2019 Analyzing Bank Performance 1/28/2019 - 3/15/2019 Managing Funding, Liquidity, and Capital 1/28/2019 - 3/1/2019 Building Customer Relationships 2/4/2019 - 3/1/2019 Commercial Lending 2/4/2019 - 4/26/2019 Money and Banking 2/4/2019 - 5/24/2019

For more information about AmBA Training, log on to www.arkbankers.org or call 501.376.3741.

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WASHINGTON UPDATE

S. 2155: Now for the Just-as-Hard Part Prior to May 24, 2018, bankers may have had a hard time remembering what a big win in Congress looked like. It’s true that in the past year we saw important progress with the enactment of historic tax reform and the overturning of the Consumer Financial Protection Bureau’s arbitration rule. But substantial regulatory reform had been elusive for a decade.

That changed when Senate Banking Committee Chairman Mike Crapo (R-Idaho) committed to crafting a bipartisan bill that recalibrates banking rules to allow banks to better serve their customers, clients and communities. Crapo’s distinctly bipartisan approach, plus roughly 19,000 banker visits to Washington and tens of thousands of emails and calls to lawmakers over the past eight years, changed everything.

The result is S. 2155, the first positive, bipartisan regulatory reform bill to be signed into law in years.

This occasion is worth noting not because S. 2155 contains everything banks want and need in order to fully serve their customers; it doesn’t. But the law suggests that the era of indiscriminately heaping more rules on banks has ended and a new era of better tailored regulation is settling in. It also recognizes that banks play an essential role in helping their customers, communities and the economy grow, and that policy should support that role, not make it harder.

That’s real progress, and it’s thanks to bankers owning their role in the political and policy-making process.

You identified the problems, helped craft solutions and explained to lawmakers why they mattered.

As tempting as it is to spend the rest of this column spiking the ball and congratulating us all on a job well done, I won’t. Because even more work lies ahead. Not only is there so much more Congress can do to right-size financial rules, but a quick scan of the effective dates of S. 2155’s provisions shows that Congress made about one-third of the laws’ changes effective immediately; the rest were punted to the regulatory agencies to handle. (You can find a list of effective dates at aba.com/s2155.)

That means a lot of regulatory proposals and guidance is still to come. Bankers will need to be part of each rulemaking to ensure the banking agencies implement the law as intended.

[Here’s just one example of why staying involved will matter. Among the provisions to be implemented is a variation of one that ABA and the state associations first suggested, relieving highly capitalized community banks (those under $10 billion in assets) from the complex Basel III capital standards. Congress directed the banking agencies to designate such banks using a simple leverage ratio that is somewhere in the 8-to-10 percent range. If regulators choose 8 percent, around 95 percent of banks under $10 billion could be eligible for the relief. If they choose 10 percent, only two-thirds of those banks would qualify. We believe 8 percent is a logical and appropriate threshold and will need bankers’ help to make that case.]

In addition to S. 2155 implementation, the new crop of leaders at the banking agencies are eyeing other improvements to rules that can be done through regulatory fiat. These include modernizing the Community Reinvestment Act and updating Bank Secrecy Act/anti-money laundering rules, not to mention a top-to-bottom review of the Consumer Financial Protection Bureau’s rules and actions.

So for those who might be thinking that S. 2155’s enactment means fewer trips to Washington to plead your case, think again. Your engagement remains vital to improving the policy environment for banks — the focus just shifts from lawmakers to rule makers.

Weighing in on the details of proposed rules is the granular part of advocacy, but it’s just as consequential as helping a bill through Congress. That’s why we’ll be reaching out to bankers when the time comes to help us shape rulemakings. I hope you’ll respond with as much passion and commitment to our regulatory action alerts as you did throughout S. 2155’s long, eight-year journey.

Rob Nichols

President & CEO, American Bankers Association

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© 2018 American Bankers Association. All rights reserved. Reprinted with permission.

5 MINUTES WITH

CODY KNIGHT

President & CEO of Piggott State Bank in Piggott a donation of time or money it is in attempt to get others involved as well. If any of you have educators as spouses or friends, you know how much of a difference community and parent involvement makes in the children’s lives.

What is the best part of being a hometown banker?

The best part is your community gets to know the real you, not just who you are while you are at the bank. While it is nice having the opportunity to learn more about your customer and their character, I think letting them see you at cookouts, ballgames, and award ceremonies so they can see what type of person you are is even more impactful.

Give us a little background on yourself…

Originally from Jonesboro, I moved to Piggott with my wife (Cassie) and two children (Madelyn and Aubrey) in 2013. Piggott State Bank and Gaylon Lawrence gave me the opportunity to lead a community bank close to my wife’s family and where my father was raised. I’ve had the privilege to learn from outstanding community bank CEOs and mentors such as Mark Montgomery, Paula Blackwell, and Randy Scott.

Each has not only made their banks better businesses but has also improved their communities. My hope is to take the best parts of each and continue to develop my own style.

If animals could talk, which animal would be the most annoying?

I am going to have to say a gnat. They remind me of that friend that has no regard for personal space. I can just see it in your face saying, “what are you doing… where are you going… can I go?” I would be lying if I said I hadn’t been called a gnat on more than one occasion.

What trait does an up-and-coming banker need to be successful?

The willingness and ability to learn every aspect of banking.

I believe segmentation in our industry is detrimental to the future development of community bank leaders. You can’t just be a salesman, analyst, or retail banker to lead. If you want to improve your bank you need to understand why and how each department works together. And more than anything, know there is always someone who understands something better than you so don’t be afraid to ask for advice.

Your bank is a big supporter of local schools and family friendly events… why is that important?

I know it is cliché but children are our future, especially in small towns. If we don’t show them we are willing to invest in them or in their hometown why would they stick around and invest themselves. When we start a program or make July 2018

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Coalition Leads the Charge to Reduce Underbanked, Unbanked Population “Bankers instinctively want to help people, whether it be through opening their first account, reaching a savings goal, or buying their first house.

Bankers lose sleep over not being able to help, especially when the customer wants help and wants to improve their financial situation. Being able to positively impact a customer and, in turn, that customer’s family and future, is why bankers do what they do.”

Erin Simpson, Vice President of Compliance at First Security Bank in Conway, is a hometown banker who is heavily involved in her community. She has joined bankers, nonprofit leaders, and philanthropists from across the state in championing an effort to assist underbanked and unbanked Arkansans as they move toward financial stability.

Bank On Arkansas+ is an initiative to ensure that all Arkansans have access to safe, trusted, and affordable banking so they have the opportunity to save for themselves, build wealth for their families, and improve quality of life in their communities.

The Cities for Financial Empowerment Fund began this movement on the national level in 2015, working with national and regional financial institutions to encourage the availability of safe, low-cost transactional banking products, and leveraging the engagement of municipal and

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community partners to improve financial stability of citizens in communities across the country. To date, there are 74 Bank On coalitions and more than 24,800 branches with Bank On certified accounts across the country.

The Bank On concept was brought to Arkansas by another hometown banker, Darrin Williams, CEO of Southern Bancorp. In 2017, his article about Bank On was published as a “Big Idea” in the Arkansas Times. In response to that piece, the Arkansas Asset Funders Network recognized the benefits of the Bank On model and have since seeded and spearheaded the firstever statewide Bank On Arkansas+ Coalition. The alliance includes banks, credit unions, economic development agencies, community service groups, and more.

In Arkansas, 9.7 percent of the population falls into the unbanked category—having no relationship with a bank or financial institution—while 22.6 percent are classified as underbanked— those that have a checking or savings account but still use alternative financial services.

“One in four households in Arkansas use high-cost, often predatory, forms of alternative financial products and services, spending over $1,000 per year to do basic financial transactions like

cashing a check and paying a bill. It is not uncommon for unbanked Arkansans to pay up to 5% or more of the face value of their check just to cash it. Over the life of an unbanked or underbanked Arkansans, they can spend as much as $40,000 on alternative financial services, ” Williams explained. “These unnecessary fees that are lost every year could be invested in families, neighborhoods, and cities all across Arkansas. Further, these fees are particularly damaging to low-income families, who could better use these funds to help build assets to improve their financial health, possibly allowing some families to move from government supported programs to self-sufficiency. ” Among the most common reasons why households report they do not have bank accounts are that they feel they don’t have enough money for an account, or they do not need or want one.

Historically, banks have offered special services to meet the needs of lowand moderate-income individuals.

Banks have expanded their branch networks, added convenient limitedservice branches, offered extended hours, and employed bilingual staff to reach more customers; most offer free, entry-level or low-balance basic savings accounts. Banks work with federal agencies, community groups, and local

government to develop successful ways to reach underbanked and unbanked individuals including off-premise financial education and outreach visits.

“Many Arkansas banks already offer these services, but Bank On gives them the opportunity and to reach the unand underbanked in a collaborative way,” said Stephanie Matthews, Director of Bank On Arkansas+.

For an account to become Bank On certified, banks submit either an existing or new account to the Cities for Financial Empowerment Fund for verification. The organization provides free technical assistance and guides banks through the account certification process. Notification of approval generally takes a couple of weeks.

“The CFE Fund’s goal is to have as many banks as possible with a certified account, so they are incentivized to work with banks, ” Williams said.

“During our application process, we encountered an issue with a feature with our proposed account that on its face did not meet national standards.

However, once we explained the rationale for the product feature in question, the CFE Fund agreed, and our account was certified. We call our Bank On certified product the Opportunity Card, and we’re excited to roll it out in the coming months. ” The Bank On National Account Standards include features that address cost, functionality, and consumer safety. They establish a baseline for safe, affordable, and appropriate accounts that meet the needs of consumers with low incomes, particularly those outside of the financial mainstream. The standards were inspired by the FDIC’s Model Safe Accounts Template.

Matthews noted that Bank On certified accounts are already available in Arkansas through Iberia Bank, Southern Bancorp, Bank of America, U.S. Bank, and Wells Fargo. A number of other banks have joined the Coalition and have products in the process of being certified.

Whether it has a certified Bank On account or not, a bank can engage in the Bank On Arkansas+ Coalition and

join a network of partners working toward a common goal. For banks that have certified accounts, their contact information will go on the Bank On website, nationally and locally, as well as marketing materials and brochures that will be used by local community partners who are already working to help unbanked and underbanked residents work toward financial freedom—these are referred to as “Community Channel Partners” and “Plus Partners.”

One of those Community Channel Partners is the United Way of Central Arkansas. Bank On had been on the radar of Executive Director Maret Cahill Wicks for a few years; when her organization found out that the initiative was gearing up in Arkansas, it was a natural fit.

“We had started a Financial Empowerment committee within our United Way. We had decided to provide the VITA [Volunteer Income Tax Assistance] program and wanted a complimentary program to offer,” she said. “Many of our clients have no access to banking products that are affordable.

Either they don’t have enough money for the initial deposit or they can’t carry the balance needed to keep the bank account open. Because of this, this population is prone to many more fees than your average person that has a banking account.”

Plus Partners are those that have a statewide footprint and offer financial capability services such as financial education, credit building, debt management, financial coaching, and/ or small business development.

“The ‘Plus’ of Bank On Arkansas+ is intentional and important,” Matthews said. “The Coalition recognizes that having a safe, affordable, and responsive checking account is the first step on the path toward financial stability and asset building. The ‘Plus’ piece allows the initiative to take a holistic approach toward financial empowerment and asset building.”

Unbanked & Underbanked: By the Numbers

1 in 4

households use alternative financial services

$1,000

the amount per year that the average unbanked individual spends on alternative financial services

$40,000

the amount spent over an individual’s working years on fees for alternative financial services

$1.9 Billion fees spent nationally on alternative financial services that the unbanked and communities in which they live are losing every year

9.7% of Arkansans are unbanked

22.6%

“Once started, sometimes a relationship with a bank needs some help to remain sustainable. That’s where Bank On

of Arkansans are underbanked

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Arkansas Plus Partners stand ready to add value to the standards and financial services,” said Alden Napier, Executive Director of Credit Counseling of Arkansas. “By providing financial education, coaching, and technical assistance, Plus Partners are able to assist bank customers needing help to set financial goals, establish a budget, successfully navigate financial detours, and build assets. If we can support our citizens in accomplishing outcomes like these, we will create a more stable economy and more vibrant, selfsufficient communities.”

Like Wicks, Napier and his organization saw early on that Bank On aligned with their mission to provide leadership and services to improve the quality of life for Arkansans; after attending their first meeting of the Bank On Arkansas+ Coalition, the team decided to do everything possible to ensure that the initiative was successful.

“It’s our experience that when presented with a clear plan and a supportive team, people facing these challenges get to a healthy place relatively quickly. I truly believe our community is strengthened when those with financial challenges have access to

counsel and tools promoting personal responsibility,” Napier said.

In addition to the United Way of Central Arkansas and Credit Counseling of Arkansas, members of the Coalition include other United Ways across the state, AARP, Economics Arkansas, Entergy, the Federal Reserve Bank of St. Louis, the Mexican Consulate, University of Arkansas Cooperative Extension Service, and the Winthrop Rockefeller Foundation.

“Partnerships are key to Bank On success,” Matthews said. “We have dozens of committed partners that will drive this initiative.”

The partners will drive the initiative because they are in the trenches, working daily with Arkansans striving for a better future. In speaking with a few of those partners, it is evident how passionately they believe in the program.

“The big picture is this, our most vulnerable population with the least amount of funds does not have an affordable way to bank, making it impossible to get ahead,” Wicks said.

“Every person in every community deserves to be on the path to

financial stability. Bank On Arkansas+ is a very important step to financial empowerment for our residents, along with access to services, job training, credit counseling, and other money management programs.”

“Bank On Arkansas+ also is a strategic way for banks to reach a group of clients that are underserved. It is a win-win for all,” she added.

In addition to fostering and nurturing banking relationships, Bank On Arkansas+ benefits local banks through engaging partnerships with local nonprofit organizations.

“Banks will benefit by developing connections with the Bank On Arkansas+ Community and Plus partners who will assist in identifying the customers in need, through the community service that the banks will be able to provide through financial counseling performed, and by being able to encourage savings and lending in a responsible manner,” Simpson said.

“Bank On community partners that much better relationships and reputations within the unbanked and underbanked community. These partners essentially serve as a marketing

The Impact of Banking vs. Costly Alternatives 1. Pay Day

Alex receives his check and travels to the local check cashing establishment where he must pay to get his hands on his own money.

2. Lacks Cushion

After paying bills and buying basic necessities like food for his family, Alex has little to no money left for emergencies.

3. Relies on Lenders

When his wife unexpectedly falls ill, Alex is forced to take out a short-term, high-interest loan from a predatory lender to afford her medication.

4. On the Verge of Poverty

Month after month, Alex and his family live on the verge of poverty. Unable to save or even break even, they become trapped in a cycle of debt and dependency, unsure of what their financial future holds.

1. Pay Day

Alex receives his check and travels to the bank. Thanks to his local bank having a Certified Bank On Arkansas+ account, which Alex learned about through a trusted community partner, Alex no longer distrusts financial institutions.

2. Learns

Alex meets with a financial coach through a Bank On Arkansas+ community partner and learns how to save portions of his earnings.

3. Earns

Alex begins to save small portions of his paycheck each month.

4. Builds Savings

Alex and his family open a savings account with the goal of saving for emergencies.

5. Contributes

Alex contributes to his community by supporting local businesses and paying taxes.

6. Invests for the Future

Alex shifts his focus to grow his savings, build his credit score, and explore a small business loan.

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department by referring customers to banks with certified Bank On products that have been researched-tested and designed to fit the underbanked and unbanked customer’s needs, ” Williams agreed. “Further, through participation in this program, banks are helping to establish a strong relationship with customers who may later need loans and other bank products with larger profit margins.”

Bank On certified accounts also support Community Reinvestment Act “service test” exams.

“When those leading a household start a relationship with a bank they can protect their money from theft, decrease transaction costs, track their

expenses, and start setting financial goals. But this is no small task, and providing a broad level of service across The Natural State will require lasting commitments from private businesses, municipalities, and nonprofit organizations,” Napier said. “We’re laying the foundation, but there’s still a lot of work to be done.”

In short, being able to positively impact a customer, and that person’s family and future, is why those partners do what they do as well. Bank On Arkansas+ brings the parties together in a united front for the greater good of Arkansans.

Little Rock, hosted by the University of Arkansas at Little Rock. On November 3, cities across the state will host events that engage the community with the Bank On Arkansas+ initiative and partners.

If you are interested in joining the initiative, or would like more information on submitting an account for certification, please contact Matthews at stephanie@assetfunders. org or (985) 856-9878, or visit www.bankonar.org.

CLICK HERE

According to Matthews, the Bank On Arkansas+ initiative launch will kick off with a media event on November 1 in

to learn more about Bank On Arkansas+

MILLENNIAL MINUTE

SAMANTHA TAYLOR

What can banks do to better appeal to millennials — in the workforce and as customers?

In the workforce: Simmons has implemented a well-being initiative to promote the overall welfare of our associates, focusing on physical, emotional, personal and financial wellness. These perks show that the company really cares about us and go a long way toward engaging our millennial team members – and everyone else for that matter.

Bank

Simmons Bank, Monticello Position

Branch Manager How Long Have You Been with Simmons?

1 1/2 Years Family

Fiancé Reid Robertson & Golden Retriever Jake Robertson

As customers: When we think millennials, communication and technology are the two words that often come to mind. Banks should give customers a variety of resources to do business the way they want – whether they prefer calling in, walking in or logging on. Our electronic banking products such as Bank Anywhere, Bill Pay and Mobile Check Deposit add a tremendous amount of convenience when it comes to banking.

We have an agile approach to our business structure that allows us to be adaptive to changing business trends and customer preferences.

What civic project has your bank participated in that touched you the most?

This year at Simmons we were fortunate enough to fund a grant to Southeast Arkansas Miracle League.

The Miracle League’s Mission Statement is to provide opportunities for children with disabilities to play Miracle League Baseball, regardless of their abilities. Several us of attended the opening day!

There’s something pretty special about seeing a child swing a baseball bat for the first time!

What is your favorite pair of shoes?

Oh goodness!! It’s hard to narrow down just one!

I would have to say my black open-toe stilettos would easily be my favorite! They are uberfeminine and fun! Like Marilyn Monroe once said, “Give a girl the right pair of shoes and she can conquer the world!”

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Act 480 is Here and Teachers are Well Prepared

by Claudia Utley, Economics Arkansas

As bankers, you may be interested to know that Economics Arkansas is playing a key role in training Arkansas teachers on how to meet the requirements laid out in Act 480.

Officially known as the Personal Finance and Job Readiness Act, this 2017 law mandates that high schools implement personal and family finance standards into the class curriculum for grades 10, 11 or 12 as a graduation requirement.

In response, Economics Arkansas has rolled out a series of Act 480 capacitybuilding workshops, resources and toolkits this spring. By early August, more than 220 teachers will have participated in training. Additional educational seminars will be scheduled throughout the school year.

“I am so happy personal finance is now a required subject for graduation,” said

Robbie Stewart, a 10th-grade teacher withholdings, credit card interest and at White Hall High School in Jefferson auto insurance.

County. “That’s huge. Because otherwise, White Hall High the students don’t School is among I am so happy get the information the schools that will personal finance they need.” offer a stand-alone

is now a required To date, personal semester course of subject for finance had been personal finance integrated into the for 10th graders graduation. That’s mandated high starting in August. huge. Because school economics Other schools may otherwise, the course, which is choose to integrate students don’t get the typically taught the standards information they at the 9th-grade into any suitable level. And while subject, may it be need. some say it’s math, economics, never too early to career focus, even Robbie Stewart start discussing the humanities.

White Hall High School money matters, By the time the others contend that typical 14-yearstudents graduate, they will be required olds are overwhelmed already with to understand these major topics: the challenges of simply starting high employment/income, college and career school. They may not be receptive to planning, credit, money management, such real-life matters as income tax insurance, and saving/investing.

Stewart has been teaching elective courses of personal finance to her students for years. She said she introduces her students to tools that offer realistic simulations of different financial scenarios. For example, through an online budget challenge, they learn the value of 401(k) plans and how much to contribute; how much to budget for rent and their phone bills, and how to anticipate emergencies such as a stolen laptop. However, some students have to take the challenge more than once before they begin to understand the complexities of financial transactions. Once they get it though, the experience can be “phenomenal in the way it changes the students’ thinking,” she said.

Not surprisingly, she immediately jumped at the chance to sign up for

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MAKE A DIFFERENCE TO CHILDREN MONTH

What is Act 480?

The Personal Finance and Job Readiness Act requires students to complete a course that includes specific personal finance standards between the tenth and twelfth grades. The Act goes into effect for the 2018-19 School Year.

Standards include:

INCOME

including income taxes

MONEY MANAGEMENT

one of Economics Arkansas’ Act 480 training workshops. Since its inception in 1962, Economics Arkansas has offered innovative teaching methods and resources to make complicated matters such as money management and economics easier to understand and fun to teach.

The Act 480 toolkit is no exception. A card game using a standard deck of cards illustrates risk insurance. Colas and hot dogs teach a lesson about diminishing returns. A quiz gauges the participants’ entrepreneurial temperament. A Shel Silverstein poem prompts an analysis of wealth. For good measure, a few math pages explain compound interest. It’s learning by doing at its best.

The activities are taught by financial experts, academics and economics teachers during the one-day workshops.

All instructions and materials are provided to the teachers free of charge thanks to generous support from the Arkansas Securities Department.

Participants are giving the professional development offering high marks. “The toolkit provided is going to make my planning easier and the students are going to benefit from everything that I will be able to provide for them,” was one survey response afterwards.

What can bankers do to assist schools even further and raise the personal finance literacy of their future customers? Plenty. Share their knowledge and skills, discuss their workforce needs, provide free booklets and resources, offer field trips, stay attuned to the successes and challenges of their local schools, and even consider hosting a Dinner and Dollars workshop so that teachers can increase their own personal financial knowledge.

At Economics Arkansas, we always welcome your interest and inquiries.

Contact us at acee@economicsarkansas.org or 501-682-4230.

including household budget creation, banking practices, insurance, charitable giving, and long-term financial planning

SPENDING AND CREDIT

including basic consumer finance, identity fraud and theft, home ownership, debt management, credit management, bankruptcy, and consumer protection

SAVING AND INVESTING

including methods of saving, methods of investing, retirement planning, risk and return, and regulations

PREPARING FOR EMPLOYMENT including decision making and employment choices, job seeking skills, resume building and interviewing, understanding paychecks and tax deductions, employment benefits, and soft job skills

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NWA Bank Helps

Build Hope

for Area Children

The commitment of one Northwest Arkansas bank is bringing hope to children and families across the region, in the form of specialized pediatric care.

Anstaff Bank, a locally owned and operated bank in Green Forest, made a $250,000 commitment to support the construction of Arkansas Children’s Northwest in Springdale.

This announcement came in early 2017, just months after the hospital announced its fundraising campaign for the campus.

A year later, on February 27, 2018, Arkansas Children’s Northwest was open and fully functioning thanks to the support of Anstaff and other community partners. This milestone marks the first time that pediatric emergency medical services have been available where Northwest Arkansas children live, learn and play. Arkansas Children’s Northwest is designed, staffed and equipped just for children; resources ranging from bed size to play-focused therapy and medications are specially tailored to children’s unique sizes.

“Arkansas Children’s is incredibly grateful for the support of local businesses. Thanks to the tremendous support from The Stafford Family and Anstaff Bank, as well as a caring community of donors who gave to this project, Arkansas Children’s Northwest is now a reality for children and their families,” said Emily Taggart, Content and Marketing Director for Arkansas Children’s Foundation.

Founded as an orphanage, Arkansas Children’s has championed children by making them better today and healthier tomorrow for more than 100 years. Arkansas Children’s is one of the 25 largest children’s hospitals in the United States. The Northwest Arkansas campus is an integral part of Arkansas Children’s Hospital’s plan to transform the health of children in Arkansas by expanding access to pediatric services across the region.

“Anstaff Bank is thrilled to partner with Arkansas Children’s to transform health for the kids in our communities,” said Steve Stafford, Anstaff Bank’s Chairman and CEO. “Anstaff Bank has worked with individuals and businesses in Northwest Arkansas for 85 years to ensure their success and we are proud to help bring a local children’s hospital to the region.”

Stafford says he has seen numerous examples of the compassionate care Arkansas Children’s Hospital has given to family, friends, and Anstaff customers. Specifically, his grandson Stafford Waller was a patient for three weeks after his birth, and still receives treatment on a regular schedule.

Now, at the age of 11, Stafford will be able to have his checkups closer to home at the Arkansas Children’s Northwest campus.

“There are many kids like Stafford from this area of the state whose parents had to miss work and drive hours to Little Rock for an appointment for their child, including some of my employees,” Stafford said. “It is very comforting to have this specialized care for children much closer to home in Northwest Arkansas.”

Pat McClelland, Ashlie Hilbun, Steve Stafford, Sharon Stafford and Fred Scarborough

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Anstaff has a long history of serving the NWA community.

The bank was established in 1931 by the Stafford and Anderson families, who continue to be involved in the bank and the communities that it serves. Anstaff currently has offices serving Carroll, Baxter, Boone, Madison, and Newton Counties – four of which fall in Arkansas Children’s

MAKE A DIFFERENCE TO CHILDREN MONTH

Arkansas Children’s Northwest Making a Difference Through Specialized Pediatric Care Opened in February 2018, Arkansas Children’s Northwest is the regions first and only pediatric hospital, serving Arkansas youth with: 233,613 square feet 24 inpatient beds for children requiring overnight stays 24-hour pediatric Emergency Department

Northwest’s 11-county primary service area. With state of the art diagnostic and treatment services now offered locally, the bank has a hand in providing hope for families who didn’t have immediate access to specialized pediatric care, or may not have been able to afford to stay alongside their children at a hospital farther away.

“When our Board of Directors discussed this gift it was noted that it would benefit the children and families in all of the communities that Anstaff serves. What better investment could we make than an investment in our children?” Stafford said.

Outpatient clinic with 30 exam rooms, supporting more than 20 subspecialty areas and a general pediatric clinic Pediatric surgery unit with 5 operating rooms Full range of ancillary and diagnostic services Helipad and refueling station supporting Angel One, one of the nation’s leading pediatric intensive care transport services with more than 2,000 transports annually Occupational therapy and physical therapy services Family house, cafeteria and gift shop

The commitment resonated with Anstaff employees as well.

“Our Anstaff employees were very pleased and excited when we announced our $250,000.00 gift to Arkansas Children’s,” he said. “Practically every one of them has family or friends with children that have been treated at Arkansas Children’s Hospital. Our employees hold fundraisers every year to show our continued support.”

Anstaff was one of many donors in NWA that helped the hospital raise more than $57,250,000 in pledges. The 233,613 square foot campus was built on 37 acres of donated land along I-49 in Springdale. It houses 24 inpatient beds, 30 outpatient exam rooms, five operating rooms, diagnostic and imaging services, and a helipad. With children and families in mind, the hospital was designed with a family house and cafeteria, outdoor gardens, nature trails and interactive features, and a playroom for patients and siblings.

“We will keep going to communities statewide in the ways they need us to ensure Arkansas becomes the safest and healthiest place to raise a child,” said Arkansas Children’s Executive Vice President and Chief Operating Officer Chanda Cashen Chacon, MPH, FACHE. “Each corner and every stretch in between deserve resources that work specifically for their own children.”

Anstaff’s Huntsville employees jumped on board with the bank’s contribution to Children’s Hospital. The group raised funds for the hospital through jeans days and made a donation in memory one of the tellers’ nieces.

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#BANKERSGIVEBACK

Bankers Make a Difference “Our greatest natural resource is the minds of our children.”

- Walt Disney From financial education to food drives, banks provide support to endless community service projects — both financially and through volunteer hours, bankers continue to make a difference in the lives of young people throughout Arkansas. The cumulation of these acts — every baseball jersey, every backto-school cookout, every school supply drive, every pair of gloves donated — combines to a statewide effort to protect and nurture “our greatest natural resource.”

As we celebrate National Make a Difference to Children Month throughout July, the Arkansas Bankers Association wanted to highlight some of the great things Arkansas Hometown Bankers are doing to build the future of our state. Congratulations to all of our bankers on your continued culture of giving and volunteerism!

FBT Bank & Mortgage Hosts Student Arts Contest, Celebration of Black History Month FBT Bank & Mortgage (FBT) awarded four cash prizes totaling more than $6,000 to schools and students as a part of its celebration of student creativity and Black History Month.

“A Simply Artful Celebration of Black History Arts Contest,” which accepted entries through February 23rd provided students an opportunity to pay homage to Dr. Martin Luther King, Jr. and reflects his life and legacy as we approached the fiftieth anniversary of his assassination on April 4th.

Braydon Socia at Fordyce Elementary won for his painting in the style of noted black folk artist Clementine Hunter. Johnevan Shinn at Coleman Intermediate School in Pine Bluff won for his poster presentation that included an essay and photographs of Dr. King.

Carlese Johnson at Rison Elementary won for her drawing of Dr. King.

Victoria Trujillo at Hardin Elementary in Redfield won for her drawing of Dr. King delivering his “I Have a Dream” speech at the 1963 March on Washington.

Fifth grade students in Fordyce, Pine Bluff, Rison, and White Hall were eligible to enter, and a judging panel determined the final winners. Each winning student received a $250 FBT

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Bank & Mortgage gift card, a pizza party for their classroom, and their school received a $1,500 donation from FBT. The winning art pieces were displayed during the month of March at the local branch in the winner’s community.

“This is an opportune time to not only remember the principles of Dr. King, but to put them into action… to love your neighbor and find common ground that leads to understanding a different perspective from your own,” said Jim

Hulse, FBT President and CEO. “And we believe it’s important that the next generation develop an appreciation for King’s principles as well.”

Submissions included drawings, paintings, photographs, essays, sculpted pieces, and creative writings. Students were encouraged to be imaginative and submit pieces that reflect their research into the life of Dr. King and the impact he had on the country’s Civil Rights Movement.

MAKE A DIFFERENCE TO CHILDREN MONTH

Bank of Salem Preps Students For Graduation Bank of Salem and the University of Arkansas Fulton County Extension Agency has partnered since 2009 to host Ready, Set, Graduate to seniors from Salem, Viola, and Mammoth Spring schools on the Salem High School campus. During the program students choose a career and are given a salary based on their career choice.

The students are divided into three groups and sent to classrooms for 30 minute lessons on budgeting, general banking, and credit taught

by Bank of Salem employees. During the budgeting class students fill out a proposed budget based on their given salary. The budget will also be used in the afternoon session during a virtual “Mall of Life.� During the basics of credit students learn what a credit score is, how to achieve good credit, and why it is important to stay away from alternative loans such as payday loans. During the general banking class students learn the importance of using a bank, different services that banks have to offer, the importance of credit worthiness, and how to write a check & balance a checkbook.

After the morning classes, Bank of Salem provides lunch for the students and volunteers. The program then continues

with the Mall of Life in the gymnasium where students will apply what they learned in the classrooms, working with volunteers from the bank, Extension Agency, and local businesses. During the Mall of Life students must purchase an automobile, home, and pay various expenses. All expenses are recorded on their budget form as actual expenses.

Students are advised to visit the bank for loan approval based on their salary before they visit the car dealer or Realtor. Students then use their

approved loan amount to purchase a car and home. They also have the option of renting a home or apartment with roommates to cut back on expenses.

The students must then purchase insurance and fuel based on the type of home and automobile they chose. Their final expenses include paying utilities, cable, internet, phone, clothing and entertainment. The students that come out negative must make adjustments such as purchasing a smaller car, sharing an apartment, or cutting back on entertainment expenses. Students that complete the program are entered into drawings from the Bank of Salem to win things such as TVs, tablets, gift cards, and more.

Ready, Set, Graduate gives students a better understanding of the challenges they may face as they become financially independent. Many students realize they might need to consider another career choice in order to be financially stable. The program wouldn’t be possible without the support of the local schools, especially for Salem for allowing the program to be taught on their campus. The program involves over 25 volunteers from Bank of Salem, the Fulton County Extension Agency, and local businesses.

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#BANKERSGIVEBACK

Integrity First Promotes Financial Education Through the Next Generation of Teachers For 21 years, Integrity First Bank of Pocahontas has partnered with Williams Baptist College to present an amped up version of the American Bankers Association Teach Children to Save Day. IFB’s financial literacy program has reached more than 3,200 students in since 1997, helping young people develop a saving habit early in life. The bank takes their program to the next level by engaging with college students in the Williams Baptist College Teacher Education Program to assist in the “Teach Children to Save” program.

“Our bank knew the importance of teaching children to save but felt ill equipped to adequately serve the American Bankers Association’s mission of “banker volunteers helping young people develop a savings habit early in life,” explained Carol Belford-Lewallen, Vice President at IFB. In 1997, the bank reached out to Dr. RoseMary Weaver, Dean of Graduate & Online Programs, and the Williams Baptist College Teacher Education program to help teach the program.

The partnership has been in place ever since.

“We believe that this allows all of us to benefit,” Lewallen said. “Our bank is able to reach more students about the importance of learning to save.

The program gives Williams’s student teachers classroom experience outside of the college setting. And the benefit to the community is that hundreds of students have learned the importance of saving money at an early age.“ When IFB first approached Dr. Weaver in 1997, she was eager to have her students involved in the program.

Bankers worked closely with Dr. Weaver and Diane Sloan, an instructor in the program, to develop the materials supplied by the AmBA. In 2001, Mrs. Betty Neely, Instructor of Education, took over the direction of the

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Teach Children to Save Day for Williams and IFB has worked closely with her for thirteen years.

“It is obvious to our bank that Ms. Neely closely supervises the student teachers before they arrive in Pocahontas to teach the program. Each of the teachers is well prepared and seems eager to have the classroom experience,” Lewallen said. “It is a very valuable partnership for us. We can’t express how we appreciate Mrs. Neely & her continued interest in helping us with this program.”

Interestingly, the program seems to come full circle in the past few years.

After beginning this program in 1997 with Dr. RoseMary Weaver she has returned to WBU. In 2017, Dr. Weaver again prepared Teacher Ed students to partner with IFB to present Teach Children to Save curriculum. Twenty years after the program was developed, Dr. Weaver’s students are still garnering classroom experience as they help teach second graders to save.

On April 24, 2018 Dr. Weaver and nine students joined eight IFB employees to present Teach Children to Save curriculum to eight sections of second graders at Alma Spikes Elementary

School in Pocahontas. One hundred seventy-five students had the opportunity to learn to save thanks to the partnership of WBU & IFB. Looking back on the program’s history, she says they have averaged 14 student teachers, five to seven bankers, and around 125 students annually. In total, there have been 148 bank employees and 232 WBU Teacher Education students involved.

“Banks all over the United States annually take part in the ABA’s Teach Children to Save program. But as far as I know, our partnership with WBC and the Teach Prep program is unique,” Lewallen said. “We do what we do best as bankers and allow the students teachers do what they do best, piquing the interest of young people. They are able to attract the interest of each student in innovative ways. It’s been great fun each year to watch the different ideas & ways that the student teachers have of presenting the material. “ “We are so grateful for this partnership with Williams Baptist University and express our thanks to everyone at WBU who has helped make our nationally recognized program a huge success!”

MAKE A DIFFERENCE TO CHILDREN MONTH

FNB ‘Difference Makers’ Summer Projects Benefit Children in Eastern Arkansas

While summer is in session and children are enjoying their time out of school, First National Bank’s group of Difference Makers have been working with local organizations to assist children who may not be receiving meals during the summer months. For some children in East Arkansas, school meals (breakfast and lunch) may be the only food they receive each day. Thanks to great organizations like 363 Feed the Need in Wynne, the McCrory Food for Kids Program and the Harrisburg open cafeteria program, many students have food dropped off at their home

each week or have the opportunity to come to the school for breakfast and lunch each day while school is out. First National Bank rallied around these organizations to provide help.

In Wynne and McCrory, a community cookout was held to raise money for these organizations that purchase and deliver food to students. Between the two cookouts, over $1,200 was raised for the food programs. In addition to cookouts, employees in Harrisburg are volunteering at the Harrisburg cafeteria twice a day to help provide meals to students coming to eat.

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#BANKERSGIVEBACK

Fidelity National Bank Hosts Junior Leadership Fidelity National Bank works every year with the West Memphis Chamber of Commerce and its Junior Leadership program. Each year the Chamber picks approximately 20 junior high students from the West Memphis schools to participate in Junior Leadership events.

Fidelity hosts all these students in small groups to familiarize them with banking, as almost none of them have any idea of how banks operate, and how money is managed.

We begin the process with a discussion of why banks are important to our community, and, specifically, we talk about how safe banks are as a place to manage your money, and that everyone needs a bank. After a visit to the vault, where each student gets to hold a “brick” of cash and struggles to lift bagged coins, we move to the board room. Here we discuss personal financial management: checking accounts, especially debit cards, PIN protection, fraud of all kinds, and credit scores. For most students, this is their

first money management lesson, and they absorb it completely.

According to Smith, Fidelity has been partnering with the Chamber for 15 years on this Junior Leadership program.

“One of the most interesting aspects of this program is the adults who accompany this group are always fascinated by the information, as they realize how much they don’t know about managing their own funds,” he said.

Relyance Bank Takes on ‘Partner in Education’ Role with Western Hills Elementary School Employees at Relyance Bank in Little Rock have taken an active role as a Partner in Education at Little Rock School District’s Western Hills Elementary. The District’s partnership program was created to engage community members and enhance student opportunities.

Since 2014, Relyance’s Little Rock branches have held a school supply drive for the school, collecting notebooks, markers, and more to make sure teachers and students have everything they need for the coming year.

Banker volunteers have also spent time reading to the students, taught financial education courses , and taken treats to some very deserving teachers.

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MAKE A DIFFERENCE TO CHILDREN MONTH

Legacy National Bank “Adopts” Elementary, Sponsors Junior Bank Board Program Legacy National Bank has unofficially “adopted” Lee Elementary in Springdale.

Throughout the school year and summer months, bank employees volunteer their time and services to the students at Lee through a variety of programs.

Once a week two employees volunteer to read books to the four Kindergarten classes at Lee. Several employees are “Lunch buddies” throughout the school year, eating with a designated student each week.

Legacy bankers also teach a Banking 101 class for the parents of students at Lee Elementary. This program gives employees the opportunity to help educate parents about checking and savings accounts, getting a mortgage and establishing credit.

The bank sponsors the “I am a Legacy” award two times a year at the students Spring and Fall assemblies. The award is presented to one child from each class who demonstrates the Lee Elementary character traits each semester.

Legacy employees go to the assembly and hand out the awards and goody bags for the kids.

Legacy made a donation to Lee Elementary so they could purchase a bus that is used for the Lee Elementary Mobile Library. During the summer months bank employees ride around with the teachers throughout the neighborhood of the elementary school so that children can borrow books and read during the summer.

Legacy also sponsors the Junior Bank Board for Springdale High School and Har-Ber High School. This program includes monthly meetings, volunteer opportunities for the students and a year-end trip to Kansas City to see the Federal Reserve.

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#BANKERSGIVEBACK

First Security Partners with Imagination Library In May First Security Bank announced a partnership with Dolly Parton’s Imagination Library during a reception at the Hillary Rodham Clinton Children’s Library in Little Rock. With this partnership, all children from birth to age 5 opening a Kids Club Saving Account will also be able to simultaneously enroll in Imagination Library to start receiving a book each month at no charge to them.

First Security presented a check for $10,000 to fund the program. It costs $25 per year to enroll one child, so the initial donation will fund 400 children.

As more children sign up, First Security will provide additional funds.

This partnership is with the Arkansas Imagination Library, which currently has active affiliates in 68 of the 75 counties in Arkansas.

Nate Coulter, director of the Central Arkansas Library System, introduced the presentation. He said, “Thank you to First Security for this partnership.

The partnership announced today is going to provide a boost to getting this great program into even more of our 75 counties so more and more children can show up for kindergarten ready to learn.”

Dr. Houston Davis, president of the University of Central Arkansas and a member of the board of directors for Arkansas Imagination Library, said, “I was living in Tennessee at the very early stages of Dolly Parton’s Imagination Library. They realized it was not just a state initiative, but a patchwork of initiatives that would grow out of communities. Thank you, First Security, for making this a piece of your financial literacy program. When it comes to access to books, you cannot start early enough.”

John Rutledge, CEO and president of First Security Bank in Central Arkansas, presented the check to Dr. Davis and Dr. Charlotte Green, executive director of Arkansas Imagination Library.

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“In our local communities, we are constantly looking for ways to make better happen for families,” said Rutledge. “Imagination Library, which allows children and their parents to get a jump start on reading, is a natural partner for First Security Bank, which encourages children and their parents to get a jump start on saving through its Kids Club Saving Account program.

The adoption of both of these lifelong habits from a young age is critical for generations to come.”

Green, who is also an assistant professor of education at UCA, said, “This partnership today speaks to Arkansas’ commitment to our children.”

Chris and Connie Johns of Conway were also part of the ceremony, along with their 3-year-old daughter, Evey. Evey, who previously enrolled in Imagination Library, was randomly selected in November 2016 to receive a $30,000 college scholarship from the Dollywood Foundation, which administers the Imagination Library. The award marked an important milestone – one million books gifted to children around the world each month.

“As we read to Evey, we see its awesome power. We know this will help the children of Arkansas,” said Chris Johns.

Penny Pockets, the First Security Kids Club Saving Account mascot, was also on hand to celebrate. Children may enroll in the program at any First Security banking center. There is no minimum balance or monthly service fee. Upon enrolling, kids are given their very own savings book ledgers. Other benefits include earning interest, which is credited monthly, and other special features just for kids.

About Dolly Parton’s Imagination Library Founded in 1995, Dolly Parton’s Imagination Library is a book gifting organization that has mailed more than 100 million books to children in Australia, Belize, Canada, United Kingdom and the United States.

Each month, the program currently mails more than one million specially selected age-appropriate books to registered children from birth until they start Kindergarten in participating communities. Dolly envisioned creating a lifelong love of reading in children, preparing them for school and inspiring them to dream. Recent studies suggest participation in the Imagination Library is positively and significantly associated with higher measures of early language and math development.

MAKE A DIFFERENCE TO CHILDREN MONTH

Farmers Bank & Trust Supports Local Missions Longtime community-supporters in southern Arkansas, Farmers Bank & Trust has a history of programming that makes a difference in the lives of area children. Two current projects include: Throughout June, bankers in Farmers Bank & Trust’s Camden location collected shoes to benefit the local CASA (Court Appointed Special Advocates) agency. This organization promotes court-appointed advocates for abused or neglected children in order to provide kids with a safe and healthy environment in permanent homes.

Partnering with the Magnolia Junior Charity League, Farmers Bank & Trust made a $1,000 donation to help sponsor the Magnolia Backpack Program, which provides weekend meals for area kindergarten through sixth grade students. The $1,000 donation will fund meals for eight local students.

Bankers United for Statewide Food and Supply Drives Arkansas bankers came together to support statewide charities over the past year as part of the ABA’s Bankers Give Back campaign. In total, 360 bankers participated in the two events, held in conjunction with the 2017 Women in Banking Conference and the 2018 ABA Annual Convention.

Both drives supported the Arkansas Food Bank, who works with communities across the state to ensure that children have adequate access to nutritious food.

The Women in Banking event also aided the Ronald McDonald House Charities of Arkansas, which provides a “home away from home” for families of children being treated at area hospitals.

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Giving it All Back:

Investing in Children and Youth in Arkansas

by Donna Spakes Foundation Life Insurance of Arkansas

The Robbie Westphal Family has long been known for their philanthropic activities in Fort Smith, western Arkansas and the state. Many of the company’s efforts are focused on children.

“My family believes in giving back to the community. I have a philosophy: the first-third of your life you learn how to make money, the second-third you make it, and the final-third you give it all back,” said Bennie Westphal, president of the family’s business, which owns Foundation Life Insurance Company of Arkansas.

Among the Westphal family’s efforts at giving it all back by investing in children and youth in Arkansas is working with Antioch for Youth & Family, Inc., the Community School of the Arts in Fort Smith and the Fort Smith Boxing Association.

FROM FRESH HONEY TO FURNITURE

The Westphal family helps support the cause of Charolette Tidwell at Antioch for Youth & Family, Inc. in Fort Smith, where she uses much of her pension from her nursing career to provide nutritious food that a family can prepare and serve at home. 12,000 to 15,000 children and adults benefit from her countless hours of service each month. “You’ve heard of the Farm to Table movement? Well I believe in Family at the Table, where all enjoy fresh nutritious food,” said Tidwell.

Bennie Westphal, who is a successful honey farmer in the area, donated bee hives to the organization so fresh honey can be provided to families. And when a local hotel recently remodeled, he was able to acquire and donate the furniture so that Tidwell could place those items with families who were in need.

Tidwell runs the largest food pantry in western Arkansas and eastern Oklahoma. Learn more about this organization at www.antiochyouthfamily.org.

DONATION OF LAND FOR THE COMMUNITY SCHOOL OF THE ARTS IN DOWNTOWN FORT SMITH

The Robbie Westphal Family gifted the Community School of the Arts (CSA) almost 11 acres of land along Riverfront Drive in downtown Fort Smith to build a large arts facility. The location of the future CSA will be adjacent to the future site of the United States Marshals Museum, where over 16 acres was also donated by the Westphals. The U.S. Marshals Service selected Fort Smith as the site for the estimated 50,000-squarefoot national museum.

The Community School of the Arts is a non-profit organization serving the Fort Smith area and surrounding region by providing high-quality instruction in music, theatre, dance and visual art.

Artistic excellence is at the core of all teaching as CSA hires top artists and professionals to work with students.

Dr. Rosilee Russell, classical pianist and well-known voice for the arts, is the Founder and Executive Director of CSA Fort Smith. “I am deeply grateful to the Westphal family for their philanthropy and their vision for developing the next generation of leaders,” said Dr. Russell. “Like us, they understand the importance of the arts in shaping young lives. I’m pleased to be part of something that promotes both artistic excellence and quality entertainment for the entire family.”

Charolette Tidwell and children display the harvest in one of the Antioch for Youth & Family gardens.

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MAKE A DIFFERENCE TO CHILDREN MONTH

The mission of CSA is to develop confident leaders and outstanding citizens through training in and appreciation of the visual and performing arts. For more information, visit CSAFortSmith.org.

OLD FORT SMITH BUS STATION CONVERTED TO BOXING GYM

Sometimes opportunity is thinking outside the box, or the bus station, that is. The Fort Smith Boxing Club needed a training facility and Bennie Westphal knew the old Fort Smith Bus Station would make the perfect location. The station, which is located at 116 N. Sixth St. in downtown Fort Smith, was converted into a training facility for the organization in 2017.

The Fort Smith Boxing Club is a nonprofit organization that provides instruction on the fundamentals of boxing to children and youth. The club participates in boxing events throughout Arkansas, and even hosts some of its own.

Harold Corley originally founded the club in 1964 and was involved in the reformation of the organization in 2014 by head coach Terry Clark. Clark’s wife Cynthia is treasurer and daughter Kristin is secretary. He began fighting in the club at age 9 and was a two-time national Junior Olympic winner, the only boxer from Arkansas with that distinction, and garnered a career record of 174-6.

“I like to teach them self-defense, selfcontrol and self-respect,” Terry said. “We like to pray before our boxing matches, and we want to teach them all to learn to serve Christ and do what’s right and for them to keep their grades up in school and just stay out of trouble.”

“Boxing kept me from getting in a lot of trouble when I was a kid,” added Terry.

“Mr. Corley adopted me when I was little, so I was around him. He taught me some good work ethics and how to work with other kids.”

Students at the Fort Smith Community School of the Arts act out a scene during their performance of “Annie.”

Terry Clark of the Fort Smith Boxing Club coaches young boxer Gabriel Jennings, a current national contender.

“Everybody says why are you all involved in boxing and I always say because they’re not ballplayers, they’re not all in the band, they’re not all in the choir,” Cynthia Clark said. “It’s a little group that fits in and they’ve got a place to be, a place for them to belong. And we’ve got the best bunch of guys, Terry and his crew down there, working with these kids, they’re just awesome.”

Those who are interested in donating or sponsoring the Fort Smith Boxing Club can contact Cynthia Clark at (479) 522-2042 or cynthialc5613@cox.net.

bankers, who have always been an important giver of time and resources in their communities, especially to children and youth, which is highly rewarding and pays back dividends for years to come.

Donna Spakes is the Director of Business Development at Foundation Life Insurance Company of Arkansas.

PROUD TO BE A PARTNER WITH BANKS

We at Foundation Life are proud to be a partner with Arkansas banks and

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MEMBER NEWS

Arkansas Banks Recognized

by Forbes as ‘Best In-State Bank’ Three Arkansas Banks — First Security Bank, First Arkansas Bank & Trust (FAB&T), and Arvest Bank — have been named as “Forbes Best In-State Bank 2018.”

“We are pleased to be placed on this prestigious list,” said Larry Wilson, FAB&T Chairman, CEO and President. “We constantly deliver on our commitment of providing quality products, services, and experiences for our customers, employees, and communities. It’s a tremendous honor to be recognized not just locally, but also nationally for our efforts by a global brand such as Forbes.”

Earlier this year, Forbes also named Arvest as one of “America’s Best Large Employers” for 2018, the second consecutive year it has received that honor.

“It is extremely rewarding to know how highly our associates think of our bank, and we believe that translates into the way we treat our customers every day,” Arvest president and CEO Kevin Sabin said. “This new recognition reinforces that idea, and we couldn’t be more appreciative of those who rated Arvest so highly. We strive for excellence daily, and this type of recognition fuels our determination to keep working hard and serve our customers to the absolute best of our abilities.”

First Security, FAB&T, and Arvest share this honor with 121 other banks across the country, which ranks them in the top 2.3% of banks in the United States.

Nationwide financial institutions like Bank of America, Wells Fargo and Chase Bank, which have branches in at least 15 U.S. states, were excluded from the final

rankings.

For its “Best-In-State Banks” list, Forbes and its research partner Statista surveyed more than 25,000 U.S. citizens across all 50 states, asking them to name all banks where they have – or previously had – a checking and/ or savings account, and rate them regarding overall recommendation and satisfaction. Banks with branches in 15 or more states were excluded.

Respondents were also asked to rate their banks in five categories: Trust, Terms & Conditions, Branch Services, Digital Services and Financial Advice.

Each category contained a battery of questions. A bank’s total score was based on a formula weighting recommendation, general satisfaction and the scoring of the battery of questions.

Simmons Bank Presents $25,000 Check to Furnish Jefferson County Sheriff’s Office A $25,000 Simmons Bank gift to Jefferson County Sheriff’s Department was announced Thursday at the sheriff’s office. The funds will be used to purchase furniture and fixtures for the newly constructed addition to the jail.

“Simmons Bank shares a special connection to Jefferson County,” said Daniel Robinson, Pine Bluff community president at Simmons Bank. “Few people do more for our county community than the sheriff and deputies, and this gift is Simmons’ way of saying thank you.”

“A core motto at Simmons is ‘better together,’ which means that success comes from looking out for each other,” said Marty Casteel, chairman and CEO of Simmons Bank. “The deputies in our

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home county go above and beyond every day to look out for others, and

today Simmons has the opportunity to look out for them, too.”

BANKER NEWS & MOVES Arvest Provides More than 2.1 Million Meals Arvest Bank launched its annual 1 Million Meals initiative to fight hunger in the four-state region the bank serves two months ago. Today, the bank announced that, with the help of customers and community members, it has exceeded the campaign goal by raising a record total of 2,114,630 meals in the fight against hunger.

Launched in 2011, Arvest’s 1 Million Meals campaigns have raised an eight-year total of 13,600,098 meals, which includes more than $2.3 million in funds given directly to the bank’s dozens of local food partners.

This year’s campaign total of 2,114,630 meals was made possible through donations from the bank, Arvest associates, customers and community members through fundraisers, events and nonperishable food drives in all Arvest branches throughout April and May. With summer here, the success of the campaign is especially meaningful because many schoolchildren will be without the meals they ordinarily receive at school.

“Our goal is to keep the shelves of hunger relief organizations stocked for months to come and to continue to raise awareness that food insecurity is an issue that needs attention throughout the year,” said Jim Cargill, president and CEO of Arvest Bank in central Arkansas. “This record number of donations was possible only through the hard work and generosity of our customers, associates and the communities we serve. We are extremely thankful for this support in our effort to reduce food insecurity on a local level.”

In central Arkansas, Arvest partnered with the Arkansas Food Bank for the campaign. The food bank received all local donations, and this year Arvest presented the food bank with a check in the amount of $31,535.36 that will provide 170,585 meals to the organization. All money and food items raised through this campaign directly benefitted 75-plus organizations feeding local communities in Arkansas, Kansas, Missouri and Oklahoma.

The bank’s decision to provide one million meals was based on the fact hunger is an issue in every community it serves. In 2016, more than 12 percent of American households surveyed were food-insecure, meaning they lacked access to enough food for an active, healthy lifestyle for all household members.

Arvest Bank Hires Amy Reed, Cheryl Taylor Arvest Bank is pleased to announce the hiring of Amy Reed and Cheryl Taylor.

Both will serve as Arvest Private Banking advisors. As such, they will analyze and develop wealth management strategies for private banking clients to help them reach their financial goals, among other duties.

Reed is based out of the Arvest branch located at 621 Oak Street in Conway, while Taylor is based out of the branch at 4004 McCain Boulevard in North Little Rock.

“Both Amy and Cheryl bring valuable experience and insight to our team,” Arvest Private Banking manager Brice Sisco said. “I am confident our customers will love working with them. They are fantastic additions to our team here in central Arkansas.”

Amy Reed earned a bachelor’s degree in leadership and ministry at Central Baptist College.

She is a member of the Association of Fundraising Professionals, the 501 Life Magazine Editorial Board, and the Central Baptist College WISH Advisory Board. She also serves on the Conway Regional Medical Center Women’s Council Advisory Board and as the Conway Regional Medical Center Dazzle Daze co-chair. She and her husband, Donnie, lead a small group together at Second Baptist Church and have two daughters.

Cheryl Taylor earned a bachelor’s degree at the University of Arkansas – Little Rock, is a volunteer for Junior Achievement of Arkansas, and a member of the Levy Church of Christ. She and her husband, Drew, have one son. n

Christian Joins Arvest Treasury Management Arvest Bank is pleased to announce Shawn Christian has been named senior vice president and a regional sales manager for its Treasury Management division.

Christian comes to Arvest with 28 years of banking experience in a variety of roles. In his capacity at Arvest, Christian is responsible for managing, supporting and growing the sales of treasury management products in Little Rock, Fort Smith and north central Arkansas.

“We are delighted to have Shawn as part of our team,” Arvest Treasury Management executive director Carolyn Kennedy said. “His experience and expertise will be invaluable as we transform the way we bring great advice via our products and services to our customers and business owners in the trade territories we serve.,” Christian is currently preparing for the Certified Treasury Professional® designation, and is Series 7- and Series 63-licensed. He also is a past president of the Missouri Bankers Association Compliance Committee and a past American Institute of Banking instructor. n

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BANKER NEWS & MOVES Waller Appointed President at Peoples Bank The Board of Directors of Peoples Bank has appointed Jamie Waller as President according to Mary Fowler, CEO and past President. “The board and stockholders feel very confident knowing that Jamie will do a great job in leading the bank into the future. We congratulate Jamie on earning this position, and we appreciate what he has done to make himself more than deserving,” stated Fowler. “Jamie is a great example of someone who began his career in an entry-level position and through hard work and sacrifice, advanced through the ranks to where he is today. His accomplishments are accompanied by humility, making him a servant leader.

Congratulations, Jamie!”

Waller began his banking career in May 2002 and has held a variety of jobs including general office assistant, teller, loan clerk, loan assistant and branch manager. In addition to his current position as President, Waller also serves as Chief Lending Officer and is on the Peoples Bank Board of Directors.

Waller is a graduate of Southern Arkansas University and the Graduate Banking School at Louisiana State University. He’s a proven leader in both the banking industry and his community.

He’s the former President of the Arkansas Bankers’ Association Emerging Leaders Board, Treasurer of the Magnolia Rotary

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Club, United Way Board Member, Magnolia City Council Member, SAU Alumni Association Board Member and former President, Magnolia Regional Medical Center Treasurer and Board Member, and is an official starter for Magnolia High School track meets.

Jamie Waller is a native of Magnolia and is married to Caroline (Talbot) Waller, also of Magnolia. They are the parents to one daughter, Sloane. The Wallers are members of the First United Methodist Church where Jamie currently is a Sunday school teacher and serves on the Stewpot Board and has served on the Board of Trustees and Finance Committee. n

Williams, Gathright and Arnold Promoted to SVPs at Peoples Bank Sarah Williams, Sharon Gathright and Debbie Arnold have been promoted to Senior Vice Presidents at Peoples Bank, according to Mary Fowler, CEO. “Sarah Williams, Sharon Gathright and Debbie Arnold have demonstrated the qualities of professionalism, leadership and loyalty that we value here at Peoples Bank,” stated Fowler. “Our Board of Directors is pleased to recognize their hard work and dedication by promoting them to Senior Vice Presidents. Congratulations!”

Sarah Williams, Senior Vice President / Loan Officer, started her career with Peoples Bank in September 1990 and has 28 years of July 2018

banking experience. In addition to her current position, she serves on the bank’s personnel committee and in the wire department.

She is a former Golden Oaks Branch manager and was named Peoples Bank “Banker of the Year” in 2008.

She is a native of Prescott, Arkansas and a graduate of Prescott High School.

She earned an Associate’s Degree in Business from the University of Arkansas Community College at Hope and obtained the Arkansas Bankers Association Continuing Profession Education Certificate.

Active in her community, Williams has served as the Peoples Bank Relay For Life Captain and Today’s Youth Tomorrows Leaders co-chairman. She currently serves on the board of Columbia County Senior Meal Service and the Magnolia– Columbia County Chamber of Commerce board. She also volunteers at the Magnolia Blossom Festival and is a Leadership Magnolia Alumni Association member.

Williams is a member of Harvest Time COGIC Church of Magnolia where her husband, Michael Williams, is the Pastor. The Williams’ have three children, Takeema, Rod and TaLara, and four grandchildren. In her spare time she enjoys spending time with her children and grandchildren, reading, traveling, listening to music and watching sports.

Sharon Gathright, Senior Vice President / Operations, has a total of 33 years of banking experience.

She joined Peoples Bank

in October 2001 and also serves as Secretary to the Board of Directors. She is a graduate of Waldo High School and Southern Arkansas University where she earned her Bachelor’s in Business Administration in Accounting. Gathright is a Certified Public Accountant and attended Arkansas Bankers Association Auditing School and was the bank’s internal auditor for a number of years.

Gathright supports her community by participating in Relay For Life, Magnolia Blossom Festival and Leadership Magnolia Alumni.

She and her husband Wayne are members of the Pentecostals of Magnolia where she is involved in the music department as a singer, musician and drama director. Sharon and Wayne have three children, Brandon, Brandi and Brianna, and 8 grandchildren. In her spare time she enjoys playing the piano and spending time with family.

Debbie Arnold, Senior Vice President / Marketing, has over 32 years of banking experience. She joined the Peoples Bank team in August 2015 as Vice President/Marketing. A native of Magnolia, Arnold is a graduate of Southern Arkansas University with a Bachelor’s in Business Administration degree in Finance and General Business. She is also a graduate of the Arkansas Bankers School of Bank Marketing and the American Bankers Association School of Bank Marketing and Management at the

University of Colorado, where she served her class as Vice President. She has earned the American Bankers Association’s CFMP, Certified Financial Marketing Professional, accreditation.

Arnold has a long history of community service including SAU Foundation, former president and current secretary; SAU Alumni Association, former president; Leadership Magnolia; South Arkansas Women’s Network, former president and Career Achievement Award recipient; Arkansas Chapter of the Bank Marketing Association, former president; SAU Mulerider Advisory Board; Magnolia Junior Charity League; Magnolia Blossom Festival and Magnolia–Columbia County Chamber of Commerce board member. She was the recipient of the Leadership Magnolia Distinguished Alumni Award for community service.

In her leisure time, Arnold likes to raise and show American Quarter Horses.

She is treasurer of the South Arkansas Horse Association and first vice president of the Arkansas Quarter Horse Association. She is a lifelong member of the First Presbyterian Church of Magnolia where she has served as deacon, elder and trustee. n

Southern Bancorp’s Hot Springs Team Grows by Five Southern Bancorp’s Hot Springs team has grown by five with the recent additions of Ron Magby, Hot Springs Market President; Blake Whitley, West Region Division President; Jordan Anthony, Senior Vice President of

Commercial Lending; Mandi Krauss, Senior Vice President of Business and Community Development; and Chris Henderson, Vice President and Credit Analyst.

“We’re excited to welcome this group of highly talented individuals to our team,” said Darrin Williams, Southern Bancorp, Inc. CEO. “As a mission-driven financial institution, Southern is always on the look-out for those seeking to join in our efforts to be wealth builders for everyone in the community through valuesbased banking.”

The new team members have already begun focusing their efforts on growing Southern’s presence in the Hot Springs area and sharing the organization’s unique brand of banking that focuses on lifting everyone in the community up financially.

“Not only are these individuals bringing a wealth of banking experience to Southern, they’re also bringing a passion for helping everyone in the community,” said Bill Wright, West Region CEO. “And that’s a key attribute we look for in bringing folks into our unique organization.”

All five team members will be based in Hot Springs at the Southern Bancorp branch.

Ron Magby, the new Hot Springs Market President, comes to Southern with 25 years of banking experience and a background in market management, commercial lending and private banking. He received his Bachelor degree in Biology from Arkansas

Tech University in 1993, and in 1995, graduated from the Arkansas Bankers Association Lending School.

Magby is active in the Hot Springs community, serving as a board member and past president of the Lake Hamilton Optimist Club, president of the Miracle League of Garland County, board member of the Hot Springs Chamber of Commerce and a member of Hot Springs Baptist Church.

He and his wife Melissa have three children, Spencer, 22 Emily, 17 and Molly, 8.

Blake Whitley, the new Division President for Southern’s West Region, has worked in banking for 27 years with roles ranging from executive vice president to loan review officer to state bank examiner. Whitley received his Bachelor of Business Administration in Accounting from Henderson State University in 1990, and has attended numerous banking schools and seminars. Whitley is currently a trustee for the Olds Foundation and serves on the Hot Springs Metro Partnership for Economic Development Board. He has previously served as a board director for various civic and nonprofit organizations in Magnolia, Arkadelphia, and Hot Springs. He and his wife Laura have two daughters, Clair and Paige.

Jordan Anthony joins Southern Bancorp as Senior Vice President of Commercial Lending and brings with him 14 years of banking July 2018

experience. Anthony graduated from Arkadelphia High School and received his Bachelor in Business Management and MBA at Henderson State University.

Anthony has also attended Arkansas Bankers Association Commercial Lending School.

He is married to Leanne Anthony and attends Third Street Baptist Church.

Mandi Krauss, Southern’s new Senior Vice President of Business and Community Development, brings 20 years of banking experience and a background in bank marketing, business development, and treasury management to the organization. A Hot Springs native and graduate of Lakeside High School, Krauss received her Bachelor degree in Marketing from Louisiana Tech University. Krauss is the treasurer for the Arkansas Single Parent Scholarship Fund of Garland County and a member of Lake Valley Community Church. She and her husband Jason have two children, Jack, 11 and Elli, 9.

Rounding out the new additions to the Southern Team in Hot Springs is Chris Henderson, Vice President and Credit Analyst.

Henderson has worked in the banking industry for the last 10 years, and is a graduate of Bismarck High School and Henderson State University, where he received both his undergraduate degree and MBA. He and his wife Hollie have two children, Hudson, 5 and Graham, 2. n n

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Arkansas Bankers Association

Annual Washington Visit October 2-4, 2018

Join your fellow #ARHometownBankers this fall for the ABA’s Annual Washington Visit.

Take advantage of this opportunity to share concerns on pending legislation, regulations, and policies face-to-face with the people responsible for writing them.

For more details or to register, please contact VP/Director of Government Relations Ava F. Roberts at ava.roberts@arkbankers.org.

www.arkbankers.org