REPORT OF

THE

BANK COMMISSIONER

OF ARKANSAS

1970

WINTHROP ROCKEFELLER G overnor

H. C. ADAMS State Bank Commissioner

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FIFTY-SIXTH REPORT

O F T H E

BANK COMMISSIONER

O F TH E

STATE OF ARKANSAS

FOR TOE YEAR ENDING JUNE 3®, 1370

HARVEL C. ADAMS

State Bank Commissioner

BPC700>t0'70

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATE OF ARKANSAS

OFFICE OF STATE BANK DEPARTMENT

J U L Y 1, 1970

To His Excellency Winthrop Rockefeller Governor of Arkansas

Dear Governor:

It is again my pleasure to submit to you the Fifty-Sixth Annual Report of the State Bank Department for the fiscal year ending June 30, 1970. This is in compliance with the provisions of Act 113 of 1913 (now found in Section 67-111, Arkansas Statutes of 1947).

A ll state chartered banks were again examined in the calendar year 1969.

There are now 186 state chartered banks and other financial institutions in Arkansas as compared to 184 at June 30, 1969. At the close of business June 30, 1970, total assets of the 186 institu­ tions amounted to $1,537,588,150 reflecting an increase over the previous year of $141,467,769 or 10.13% as compared to the 10.5% increase reported for the last fiscal year.

Deposits, rose to an all time record high of $1,359,632,701, an increase over the previous year of $117,835,732 or 9.48% as com­ pared to 10.5% increase reported for June 30, 1969 over June 30, 1968.

Of the 184 institutions reported at June 30, 1969, as compared to the same 184 institutions at June 30, 1970, 19 suffered from small to moderate decreases in total resources while the remaining 165 enjoyed substantial gains in total resources.

In addition to the above information this report reflects the condition of each of the 186 institutions together with other factual data pertaining to the operation of the Department. I commend it to your careful consideration.

-Respectfully,

H, C, ADAMS State Bank Commissioner

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report

LEGAL HOLIDAYS

New Year’s Day ...... January 1. Robert E. Lee’s Birthday ...... January 19. George Washington’s Birthday ...... February 22. Memorial Day ...... May 30. Independence Day ...... July 4. Commemorating the end of World War II ...... A u gu st 14. Labor Day ...... First Monday in Sept. Veteran’s Day ...... November 11. Thanksgiving Day ...... Any day made or desig­ nated by Act of Congress. Christmas Day ...... December 25. All Biennial Statewide Primary and General Election Days

All Bills of Exchange, drafts, or Promissory Notes, which shall become payable on a legal holiday shall be payable on the day next succeeding such holiday. In case any legal holiday falls on Sunday, the next succeeding Monday shall be a legal holiday in its stead.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 4 State of Arkansas: Bank Department

ni?P A 1* T'lMlTMTP A f pneTTO JLrJuirx^m JLlYAIZti^ Xr&JU II p v r 3 A. j E * * » Harvel C. Adam s ...... State Bank Commissioner Joseph A. Terry ...... Assistant Bank Commissioner

SENIOR BANK EXAMINERS

F. C. “Sam” Rayburn Olan B. Wages Robert C. Willcox Jim S. Gowen H. Wm. Oldham Thomas L. Black

FINANCIAL ANALYST

Louis W. Elkins

JUNIOR BANK EXAMINERS

Dan A. McNeill Joseph B. Ford Don R. Clark David R, Shewmaker Michael D. Taylor

ASSISTANT BANK EXAMINERS

Stephen M. Tullgren Gary L. DeVun Charles E. Ford Charles W. Gillespie

BOOKKEEPER AND STENOGRAPHERS

Betty P. Morton Marilyn Crossland Jacqulin A. Jackson

G’PATl H DAA pn X£%XHi1 DAIlJVJliilvJtA o U iilll/

Jerry E. Hinshaw, Chairman ...... Springdale Digby C. W e s t...... BerryviEe Jack W . Rich ...... W est Memphis Charles T. Bernard ...... Earle Max A. Mitcham ...... Sm ackover Joseph A. Terry, Secretary ...... Little Rock

OFFICE Suite 200, University Tower Budding Telephone: 371-1117

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 5

COMMISSIONERS OF THE STATE BANK DEPARTMENT STATE OF ARKANSAS

N o. Name Date of Appointment Date Service Ended 1. John M. Davis ...... October 6 , 1913 ...... October 3, 1918 2. A. J. Reap ...... October 3, 1918 ...... March 22, 1919 3. W. T. Maxwell ...... March 22, 1919 ...... September 1, 1921 4. Charles McKee ...... September 1, 1921 . July 28, 1925

5. Loid Rainwater ...... July 28, 1925 ...... February 8, 1927 6. Walter E. Taylor ...... February 8, 1927 .....January 10, 1933 7. Marion Wasson ...... January 10, 1933 ... ..January 12, 1937 8. Grover S. Jernigan ..January 12, 1937 ... ..January 14, 1941 9. Thomas W. Leggett. January 14, 1941 .... February 1, 1949 10. S. J. Dean ...... February 1, 1949 .... December 31, 1949

11. Ed I. McKinley, Jr. December 31, 1949 .March 14, 1953 12. A. R. Merritt ...... March 14, 1953 ...... February 8, 1955 13. Dick Simpson ...... February 8, 1955 .... March 2, 1967

14. H . C . Adams ...... March 3, 1967 ......

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 6 State of Arkansas: Bank Department

The following is a statement showing the receipts and disbursements of the State Bank Department from July 1, 1969 through June 30, 1970.

RECEIPTS Cash balance with State Treasurer, June 30, 1969 ...... $ 33,571.25 Examination and Assessment Fees ...... $278,419.00 Charter and Amendment Fees ...... 6,130.00 Investigation Fees—Proposed New Banks ...... 3,000.00 Miscellaneous Fees ...... 149.50 Reimbursement from State Marketing and Redistribution Department ...... 7,050.67

294,749.17

$328,320.42

DISBURSEMENTS

S a la ries: Administrative ...... $ 29,032.35 Exam ining Staff ...... 119,247.05 Office Staff ...... 22,237.70 E xtra H e l p ...... 600.00 Maintenance ...... 28,934.82 Travel Expenses ...... 26,706.71 Insurance and Bonds ...... 847.00 E qu ip m en t ...... 12,763.02

Matching Funds: Social Security ...... 6,991.35 State Retirement System ...... 9,882.63 Proportionate cost of operation of Social Security and State Retirement System .... 125.00 Service Charge by State Treasurer...... 4,314.20 Act 402 of 1969—Funding Constitutional Convention 544.58

262,226.41 Cash Balance with State Treasurer June 30, 1970 ...... 66,094.01

$328,320.42

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 7

ARKANSAS BANKERS ASSOCIATION 1970-1371

P r e s id e n t...... Means Wilkinson, President, Farmers Bank, G reen w ood First Vice President...... Donald W. Stone, Vice President, Simmons First National Bank, Pine Bluff; President First State Bank, Crossett Second Vice President...... B. Finley Vinson, Chairman of the Board, First National Bank, Little Rock T r e a s u r e r ...... James C. Hobgood, President, Merchants and Planters Bank & Trust Co., Arkadelphia Executive Manager and S e c r e ta r y ...... H. C. Carvill, 1027 Pyramid Bldg., Little Rock

EXECUTIVE COUNCIL

Edward H. Smoot ...... Fort Smith R. E. Buck ...... Bentonville Howard B easley...... Cherry Valley M. S. Woodruff ...... C a rlisle W. B. Denton ...... Hot Springs A. C. Stone ...... Arkadelphia Claud T. Frank ...... Dunaas Elmer Ferguson ...... D eW itt George W. P e c k ...... T ex a rk a n a Douglas Sim m ons...... West Helena

COUNCILMAN-AT-LARGE

Cecil Cupp, Jr...... Hot Springs Van Smith ...... Tuckerm an

OFFICERS JUNIOR BANKERS SECTION ARKANSAS BANKERS ASSOCIATION

P r e s id e n t...... Barry Niswanger ...... Little Rock Vice President Charles Sharpe, Jr...... Hope S e c r e ta r y ...... Ronnie Tw yford ...... Crossett T rea su rer ...... Gates W illiams ...... W arren Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 8 State of Arkansas: Bank Department

FEDERAL RESERVE BANK OF ST. LOUIS, MISSOURI DISTRICT NO. 8 Telephone Number 421-1700 Area Code 314 P resident...... Darryl R. Frances First Vice President...... Dale M. Lewis Senior Vice President...... Wilbur H. Isbell Senior Vice President...... Homer Jones Senior Vice President...... F. Garland Russell Senior V ice President...... ;.....Howard H. Weigel Senior Vice President...... Joseph C. Wotawa Vice President...... Leonall C. Anderson Vice President...... M arvin L. Bennett V ice P resident...... Gerald T. Dunne V ice P resident...... W oodrow W. Gilm ore V ice P resident...... Jerry L. Jordan V ice P resident...... Stephen Koptis Vice P resident...... John W. Menges General A uditor...... George W. Hirshman

LITTLE ROCK BRANCH FEDERAL RESERVE BANK OF ST. LOUIS, MISSOURI Telephone Number 372-5451 Area Code 501 Vice President and M anager...... John F. Breen Assistant Vice President...... J. K. W ard Assistant Vice President...... M ichael T. M oriarty Assistant Vice President...... Donald W. Moriarty, Jr.

JpI?!?!"*!?!? JciUHilvrTLlj A T TU?DACTnnJU liJriloI 1. TTWTC!TT1>1.JN d U K AA MTU^I? v/£i AADDAD (JK xV A X MJJN MEMPHIS DISTRICT Suite 1010, First National Bank Building Memphis, Tennessee 38103 Telephone Number 534-3872 Area Code 901 Supervising Exam iner...... James W. Thompson Assistant Supervising Examiner ...... Roy E. Jackson

EXAMINERS FOR ARKANSAS Charles R. Johnson ...... Russellville R obert Conatser ...... Russellville Wm. L. P ie rce ...... Pine B luff Fred C a u d le...... Pine B luff Karl F. Kauffm an ...... Pine B luff W illiam A . S an dlin ...... Jonesboro Frankie L. Pratt ...... Jonesboro Arthur B. M onroe ...... Memphis Russell C. L ivin gston ...... Memphis Raym ond M. Glass, Jr...... Memphis W illard D. S m ith ...... Memphis Jessie C. Reed ...... Memphis Robert C. Barber ...... Memphis

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 9

STATE BANK DEPARTMENT STATE OF ARKANSAS

ABSTRACT OF REPORTS OF CONDITION OF STATE BANKS IN ARKANSAS A S OF JUNE 30, 1970

(With Comparative Statement as of June 30. 1969)

6 -3 0 -7 0 6 -3 0 -6 9 In crea se + 186 184 D ecrea se —

ASSETS Cash and Balances with Other Banks ...... 216,576,856 210,576,609 6,000,247+ U. S. Government Obligations— Direct and Guaranteed ...... 196,913,431 194,248,984 2,664,447+ Securities of Other U. S. Government Agencies and Corporations ...... 61,273,557 51,678,333 9,595,224+ Obligations of States and Political Subdivisions ...... 214,432,021 185,070,007 29,362,014+ Other Securities (including Corporate stocks) ...... 3,383,236 2,285,257 1,097,979+ Trading Account Securities ...... 6,379 48,272 41,893— Excess Funds Sold and Securities purchased under agreement to resell ...... 36,677,850 17,499,298 19,178,552+ Loans and Discounts ...... 771,945,349 707,282,836 64,662,513+ Bank Premises, Furniture & Fixtures, and Assets Representing Bank Premises .... 27,426,680 22,365,936 5,060,744+ Real Estate Owned Other than Bank Premises ...... 1,271,812 924,200 3 4 7,612+ Customer’s Liability to Banks on Acceptances Outstanding .. 281,814 6,892 274,922+ Other Assets ...... 7,399,165 4,133,757 3,265,408+

TOTAL ASSETS ...... 1,537,588,150 1,396,120,381 141,467,769+

(Continued on page 10)

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 10 State of Arkansas: Bank Department

ABSTRACT OF REPORTS OF CONDITIONS OF STATE BANKS IN ARKANSAS (Continued from page 9) 6-30-70 6-30-69 Increase + 186 184 D ecrea se — LIABILITIES Demand Deposits ...... 564,818,789 549,037,526 15,781,263+ Time Deposits ...... 616,033,667 540,222,296 75,811,371 + Deposits of U. S. Government...... 12,942,364 9,217,243 3,725,121 + Deposits of States & Political Subdivisions ...... 119,044,044 102,385,264 16,658,780+ Deposits of Banks ...... 38,751,816 34,772,288 3,979,528+ Other Deposits (certified and officers’ checks, etc.) ...... 8,042,021 6,162,352 1,879,669+

TOTAL DEPOSITS ...... 1,359,632,701 1,241,796,969 117,835,732+

Excess Funds Purchased and Securities sold Under Agreement to Repurchase ...... 10,190,000 3,700,000 6,490,000+ Other Liabilities for Borrowed Money ...... 2,435,175 4,058,556 1,623,381— Acceptances Executed by or for Banks and Outstanding ...... 277,952 5,750 272,202+ Other Liabilities & Mtg. Indebtedness ...... 15,534,974 10,380,446 5,154,528+ TOTAL LIABILITIES ...... 1,388,070,802 1,259,941,721 128,129,081+

RESERVES ON LOANS AND SECURITIES Reserve for Bad Debt Losses on Loans ...... 12,566,523 11,003,725 1,562,798+ Reserves on Securities ...... 290,380 278,177 1 2,203+ TOTAL RESERVES ON LOANS & SECURITIES ...... 12,856,903 11,281,902 1,575,001+

CAPITAL ACCOUNTS Capital Notes and Debentures ...... 6,173,300 6,280,000 106,700— Capital Stock ...... 35,430,200 31,782,700 3,647,500+ Surplus ...... 47,197,120 44,409,664 2,787,456+ Undivided Profits ...... 45,434,495 39,501,915 5,932,580+ Reserves for Contingencies ...... 2,425,330 2,922,479 497,149—

TOTAL CAPITAL ACCOUNTS .... 136,660,445 124,896,758 11,763,687+

TOTAL LIABILITIES RESERVES AND CAPITAL ACCOUNTS ...... 1,537,588,150 1,396,120,381 141,467,769+

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis COMPARATIVE ABSTRACT SHOWING THE CONDITION OF STATE AND NATIONAL BANKS OF ARKANSAS AS OF DECEMBER 31*, 1969-1965 (Amounts in thousands of dollars)

1969 1968 ♦♦1967 ♦♦1966 **1965 Number of Banks 246 245 250 250 246

RESOURCES: Cash and due from banks ...... $ 583,883 $ 541,880 $ 491,777 $ 465,440 $ 453,589 U. S. Government obligations ...... 394,268 426,015 416,752 391,718 359,504 Other bonds and securities ...... 499,874 474,317 424,159 361,911 307,305 Loans and discounts ...... 1,498,490 1,389,552 1,248,216 1,162,425 1,087,925

Fixed assets ...... 62,258 56,337 45,484 35,342 35,390 rt o p e R th ix -S ifty F Other resources ...... 18,704 9,775 7,599 12,560 0 Federal funds sold ...... 59,889 27,080 9,686 6,500 0 TOTAL RESOURCES ...... $ 3,117,366 $ 2,924,936 $ 2,643,673 $ 2,435,896 $ 2,243,712 LIABILITIES: Capital stock and debentures ...... $ 77,984 $ 70,147 $ 63,929 $ 58,543 $ 51,717 S u rp lu s ...... 97,267 90,135 84,667 79,196 71,410 Undivided profits and reserves ...... 81,114 72,204 65,446 58,973 55,234 fReserve for bad debts ...... 26,831 23,183 0 0 0 Total Capital Account ...... $ 283,196 $ 255,669 $ 214,042 $ 196,712 $ 178,361 D ep osits ...... 2,780,141 2,623,755 2,394,036 2,213,566 2,046,227 Other Liabilities ...... 42,499 27,871 29,595 20,831 19,125 Federal funds purchased and money borrowed ...... 11,530 17,641 6,000 4,787 0 TOTAL LIABILITIES ...... $ 3,117,366 $ 2,924,936 $ 2,643,673 $ 2,435,896 $ 2,243,713

♦National Banks Call Date December 31, 1969 ♦•Loans & Discounts are Net of Valuation Reserves fLoans shown net of reserves prior to 1968. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis COMPARATIVE STATEMENT SHOWING THE CONDITION OF STATE BANKS AND TRUST COMPANIES FOR PAST THIRTY-FIVE YEARS Number Loans and Borrowed U. S. Gov’t. Capital Total D ate______Banks Deposits Discounts Money Cash______Bonds Structure Resources June 30, 1936 178 59,441,000 22,088,500 148,300 29,198,000 11,254,400 11,769,900 71,508,200 June 30, 1937 176 66,036,600 24,965,600 233,500 28,661,800 12,197,200 12,059,300 78,432,900 June 30, 1938 171 66,771,000 29,138,400 88,100 26,501,600 10,842,300 12,084,800 79,016,200 206,100 27,761,400 9,198,600 12,280,700 85,961,400 June 30, 1939 167 73,397,300 36,443,100 t en epartm D k an B s: sa n a rk A f o tate S June 29, 1940 169 79,079,100 32,496,900 72,300 34,852,000 10,664,100 12,567,100 92,002,700 June 30, 1941 166 94,733,000 33,420,100 75,100 46,087,100 12,705,800 12,805,500 107,936,900 June 30, 1942 166 128,975,900 30,666,600 56,700 75,993,000 21,423,800 13,316,600. 142,710,700 June 30, 1943 161 190,153,500 30,497,300 83,700 88,424,600 71,252,800 13,904,500 204,492,600 June 30, 1944 161 226,832,800 42,121,000 81,700 87,156,400 97,906,100 15,076,800 242,132,900 June 30, 1945 163 302,720,500 50,282,600 106,700 115,746,100 137,559,700 16,624,500 319,689,500 June 29, 1946 169 355,193,200 49,928,600 131,700 114,416,400 187,100,000 18,908,900 374,451,600 June 30, 1947 170 346,132,500 70,403,400 116,700 102,647,800 170,818,800 21,414,700 367,934,700 June 30, 1948 174 340,469,900 82,157,200 221,700 96,311,500 160,340,700 23,769,900 364,722,300 June 30, 1949 174 344,900,700 101,075,200 118,200 96,605,800 148,075,000 26,381,700 371,711,900 June 30, 1950 176 354,288,100 94,148,700 148,200 102,081,300 158,652,300 29,064,500 383,815,000 June 30, 1951 177 358,571,300 108,035,400 133,200 102,013,000 148,390,100 31,611,000 390,770,400 June 30, 1952 178 383,178,600 120,769,700 58,200 114,420,700 144,775,800 34,416,400 417,987,700 June 30, 1953 177 398,584,300 125,554,200 298,200 117,406,400 152,351,100 37,166,600 436,430,100 June 30, 1954 178 411,324,600 159,028,000 58,200 116,317,200 135,033,400 40,797,700 452,551,900 June 30, 1955 179 430,059,100 158,246,800 58,200 117,844,400 148,234,300 42,559,300 473,034,400 June 30, 1956 182 460,899,300 190,365,300 0 119,609,800 140,958,000 46,686,200 508,372,900 June 29, 1957 183 470,719,000 187,089,200 0 119,094,300 150,285,000 50,275,400 522,434,100 June 30, 1958 183 503,671,700 202,943,500 336,600 133,569,800 148,166,500 54,163,400 559,229,900 June 30, 1959 182 543,739,400 229,693,600 1,070,000 132,739,000 155,785,000 57,409,200 603,550,700 June 30, 1960 182 570,442,400 253,908,500 1,138,000 136,153,900 155,449,300 62,805,700 635,861,400 June 30, 1961 181 612,166,700 280,359,500 570,400 148,249,200 155,723,600 67,604,600 682,081,000 June 30, 1962 182 678,287,800 323,914,100 202,000 159,242,700 160,497,100 73,092,400 753,781,000 June 29, 1963 184 768,113,400 385,157,700 403,000 166,824,300 169,592,900 78,504,900 850,420,100 June 30, 1964 184 807,558,600 435,202,600 1,866,000 170,143,300 155,870,900 85,282,000 899,327,800 June 30, 1965 181 873,276,600 491,193,100 1,971,000 175,010,500 159,366,100 91,300,600 971,899,600 June 30, 1966 181 989,004,700 541,711,900 2,811,300 185,569,700 186,800,200 93,953,700 1,092,481,100 June 30, 1967 183 1,061,757,391 599,813,633 2,601,164 183,227,183 189,139,644 105,525,167 1,178,017,804 June 30, 1968 183 1,131,416,659 626,212,026 2,986,361 190,538,005 206,198,703 109,561,715 1,252,920,292 June 30, 1969 184 1,241,796,969 707,282,836 4,058,556 210,576,609 194,248,984 124,896,757 1,396,120,381 June 30, 1970 186 1,359,632,702 771,945,349 2,435,175 216,576,856 196,913,431 136,660,445 1,537,588,150 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 13

BANKING FACILITIES BY COUNTIES INCLUDING STATE AND NATIONAL BANKS AND TELLER'S WINDOWS fAdWhjpArfuflA a t & T A JC gkJ nm^ AIFPCSTTIF\ar Var A 2)AAi^«El V^A*A F AafAATTTFC A AA5l83

State National Teller’s Windows County Banks B anks (O u tsid e o f C itie s) A rk a n sa s ...... 3 2 1 A sh le y ...... 6 1 B a x te r ...... 1 1 B en ton ...... 7 2 1 B oon e ...... 1 1 B ra d le y ...... 1 1 1 C alh ou n ...... 1 C a rro ll ...... 1 2 C h ico t ...... 4 1 C la rk ...... 4 2 C la y ...... 3 C le b u rn e ...... 2 1 1 C le v e la n d ...... 2 C olu m b ia ...... 3 1 2 C on w a y ...... 2 Craighead ...... 5 1 1 C ra w fo rd ...... 4 Crittenden ...... 3 2 1 C ross ...... 3 1 1 D a lla s ...... 2 1 D esha ...... 2 2 D re w ...... 3 1 F a u lk n er ...... 1 1 1 F ra n k lin ...... 2 F u lton ...... 2 G a rla n d ...... 1 1 G ra n t ...... 1 G reen e ...... 1 1 I Hempstead ...... 1 2 Hot Spring ...... 2 1 H ow a rd ...... 1 3 Independence ...... 2 1 Iza rd ...... 3 J a ck son ...... 2 2 1 J e ffe r s o n ...... 1 4 1 J oh n son ...... 1 1 L a fa y e tte ...... 3 1 L a w re n ce ...... 1 2 L e e ...... 1 1 1 L in co ln ...... 2 1 L ittle R iv e r .. 1 1 L og a n ...... 2 1 3 L o n o k e ...... 5 M ad ison ...... 2 1 M a rion ...... 1 1 M ille r ...... 2 Mississippi ...... 5 2 4 M on roe ...... 3 1 M on tg om ery ...... 1 N evad a ...... 1 N ew ton ...... 1 O u ach ita ...... 4 1 P e rry ...... 1 P h illip s ...... 4 2 P ik e ...... 3 P o in se tt ...... 6 1 P o lk ...... 1 1

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 14 State of Arkansas: Bank Department

BANKING FACILITIES BY COUNTIES INCLUDING STATE AND NATIONAL BANKS AND TELLER'S WINDOWS LOCATED OUTSIDE OF CITIES

State National Teller’s Windows County______Banks______Banks (Outside of Cities ) Pope ...... 4 2 Prairie ...... 2 Pulaski ...... 7 5 1 Randolph ...... 3 St. Francis ...... 2 2 1 Saline ...... 2 2 Scott ...... 1 Searcy ...... 2 S ebastian ...... 3 3 2 Sevier ...... 2 1 Sharp ...... 4 1 Stone ...... 1 Union ...... 4 2 2 Van Buren ...... 1 Washington ...... 5 2 White ...... 6 1 2 W oodruff ...... 2 1 Y ell ...... 4 1

185 67 45

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 15

NATIONAL BANKS IN ARKANSAS

N am e Location County

First National B an k ...... Altheim er ...... Jefferson Citizens National Bank ...... Arkadelphia ...... Clark First National Bank ...... Ashdown ...... Little River First National B an k ...... Batesville ...... Independence First National Bank ...... Berryville ...... C a rro ll First National Bank ...... Blytheville ...... Mississippi First National B an k ...... Brinkley ...... Monroe First National Bank ...... Camden ...... O u ach ita Farmers National Bank ...... Clarksville ...... Joh n son First National B an k ...... Conway ...... Faulkner First National Bank ...... C rossett ...... A sh le y First National Bank ...... DeQueen ...... S e v ie r First National B an k ...... Derm ott ...... Chicot First National Bank ...... D eW itt ...... A rkan sas First National Bank ...... E l D o ra d o ...... U n ion National Bank of Commerce ...... El Dorado ...... Union First National Bank ...... Fayetteville ...... W ash in gton First National B an k ...... Fordyce ...... Dallas First National Bank of Eastern Arkansas. Forrest City ...... St. Francis City National Bank ...... Fort Smith ...... S ebastian First National B an k ...... Fort Smith ...... S ebastian Merchants National Bank ...... Fort Smith ...... S ebastian First National Bank ...... Green Forest ...... C a rro ll First National B an k ...... Gurdon ...... C la rk First National Bank ...... H a rrison ...... B oon e Arkansas National Bank ...... Heber Springs ...... Cleburne Helena National B ank ...... H elen a ...... P h illip s Phillips National Bank ...... H elen a ...... P h illip s Citizens National Bank ...... H op e ...... H em pstead First National B an k ...... H op e ...... H em pstead Arkansas First National Bank ...... Hot Springs ...... G arlan d Planters National Bank ...... Hughes ...... St. Francis First National Bank ...... Huntsville ...... M adison Citizens National Bank ...... Jacksonville ...... P u la sk i First National Bank ...... Jonesboro ...... Craighead First National Bank ...... Lewisville ...... Lafayette Commercial National Bank ...... Little Rock ...... P u lask i First National Bank ...... Little R ock ...... P u la sk i Union National Bank ...... Little R ock ...... P u la sk i First National B an k ...... Magnolia ...... Columbia First National Bank ...... M alvern ...... Hot Spring First National Bank ...... M arian n a ...... L ee Planters First National Bank ...... Mena ...... Polk First National Bank & Trust Company .. .Mountain Home ... Baxter First National B ank ...... N a sh v ille ...... H ow ard First National B ank ...... N e w p o rt ...... Jack son First American National B ank ...... North Little Rock ..Pulaski First National B ank ...... O sceola ...... Mississippi First National Bank of Commerce ...... P a ra g ou ld ...... G reen e

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 10 State of Arkansas: Bank Department

NATIONAL BANKS IN ARKANSAS

N am e Location County

First National B an k ...... Paris ...... L og a n National Bank of Commerce ...... P in e B l u f f ...... J e ffe r s o n Pine Bluff National Bank ...... Pine B lu ff...... J e ffe r s o n Simmons First National Bank ...... P in e B l u f f ...... J e ffe rs o n First National B an k ...... Rogers ...... B en ton First National B an k ...... Searcy ...... W h ite First National B an k ...... Siloam Springs B en ton First National B an k ...... Springdale ...... W ash in gton First National Bank ...... Stuttgart ...... A rk an sas Commercial National Bank ...... Texarkana ...... M ille r State First National Bank ...... T ex a rk a n a ...... M ille r First National Bank of Poinsett County...Trumann ...... P o in se tt First National Bank ...... Tuekerman ...... J a ck son Citizens National Bank ...... Walnut Ridge . L a w re n ce First National Bank of Lawrence County . Walnut Ridge . L a w re n ce First National Bank ...... W arren ...... B ra d le y Fidelity National Bank ...... W est Memphis . C ritten d en First National B an k ...... West Memphis . C ritten d en First National B an k ...... W ynne ...... C ross

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 17

MEMBERS OF FEDERAL RESERVE SYSTEM Capital and Date of Admission Name of Bank & Location S u rplu s* April 21, 1941 ...... Elk Horn Bank & Trust Com pany ...... $ 575,000.00 Arkadelphia April 15, 1953 ...... The Citizens Bank ...... 625,000.00 B a te sv ille August 23, 1918 ...... Farmers Bank & Trust Com pany ...... 2,000,000,00 Blytheville May 10, 1944 ...... Bank of Brinkley ...... 500,000.00 B rin k le y September 11, 1942 ,...The Exchange Bank & Trust Company. . 1,005,000.00 E l D ora d o January 7, 1944 ...... M cllroy Bank ...... 1,000,250.00 Fayetteville September 22, 1933 ....Fordyce Bank & Trust Com pany ...... 300,000.00 F o rd y ce September 25, 1942 ....Arkansas Bank & Trust Company ...... 1,900,000.00 Hot Springs July 26, 1945 ...... Peoples Bank & Loan Company ...... 300,000.00 L e w is v ille March 20, 1919 ...... Worthen Bank & Trust Com pany ...... 12,300,000.00 Little Rock July 20, 1920 ...... The Bank of Russellville ...... 1,050,000.00 Russellville August 23, 1923 ...... Peoples Bank & Trust Company ...... 1,000,000.00 Russellville

* Includes Capital Notes & Debentures, if any.

COMMERCIAL BANKS—NON MEMBERS FEDERAL DEPOSIT INSURANCE CORPORATION Name Location Bank of Sidney ...... Sidney

TRUST COMPANIES NOT ENGAGED IN COMMERCIAL BANKING AND NON MEMBERS FEDERAL DEPOSIT INSURANCE CORPORATION Name Location Guaranty Loan & Trust Company ...... H elena Metropolitan Trust Company ...... Little Rock Matthews Company ...... North Little Rock

INDUSTRIAL LOAN INSTITUTIONS, ACT III Name Location Southern Credit Corporation ...... Malvern National Credit Corporation ...... Pine Bluff Financial Home Loan Corporation ...... Little Rock

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 18 State of Arkansas: Bank Department

CHPA HPI? TiAXTITC APlTlIilTWr VOT f l?P’C lXfTMnAtl7C! M/UI j DilJlIVd vJt JCilUillX^iU XMililldlo WiJNilUff >3 (WITHIN CITY WINDOWS NOT INCLUDED)

L o ca tio n T e lle r ’s Name of Bank Location Window C ou n ty

Citizens State Bank ...... Bald Knob Bradford W h ite Benton State Bank ...... B e n to n B a u x ite S a lin e Benton State Bank ...... Benton Bryant S a lin e Union Bank of Benton ...... B e n to n Bryant Saline Citizens Bank ...... Booneville M agazin e L og a n Citizens Bank ...... Booneville Caulksville R a tc liff L og a n First State Bank & Trust Co...... C o n w a y G re e n b rie r F a u lk n er Bank of Dover ...... Dover Hector Pope Earle State B ank ...... E a r le Crawfordsville C ritten d en Exchange Bank & Trust Company . El Dorado U n ion Planters Banks & Trust Company . Forrest City Cotton Plant W o o d ru ff Planters Banks & Trust Company . Forrest City DeValls Bluff Prairie First State Bank ...... Gould Grady L in co ln Farmers Bank ...... Greenwood H a ck ett S ebastian Farmers Bank ...... Greenwood H a rtfo rd S ebastian The Cleburne County B ank ...... Heber Spgs. Greers Ferry C leb u rn e Horatio State Bank ...... H o r a tio D ierk s H ow a rd First Jacksonville B ank ...... Jacksonville Little Rock A . F. B ase P u la sk i Citizens Bank of Jonesboro ...... Jonesboro Lake City C ra igh ea d McGehee Bank ...... McGehee Arkansas City D esha McGehee Bank ...... M cG e h e e W atson D esh a Union Bank & Trust Company .. ...M onticello W ilm a r D rew Pike County Bank ...... M urfreesboro Mineral Spgs. H ow a rd Security Bank ...... Paragould Marmaduke G reen e First State Bank ...... Plainview O la Y e ll Peoples Bank and Trust Company ..Russellville Pottsville P o p e Security Bank ...... S e a r c y M cR ae W h ite Smackover State Bank ...... Smackover N o rp h le t U n ion Bank of Tuckerman ...... Tuckerman Swifton Ja ck son The Peoples Bank ...... W a ld o M cN eil C o lu m b ia Bank of Wilson ...... W ils o n K e ise r Mississippi Cross County Bank ...... W y n n e H ick o ry R id g e C ross Bank of Y ellville ...... Yellville Bull Shoals M a rion

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 19

NATIONAL BANKS OPERATING TELLER'S WINDOWS (WITHIN CITY WINDOWS NOT INCLUDED)

L o ca tio n T e lle r ’s Name of Bank L o ca tio n Window County

First National Bank ...... B a te sv ille H a rd y S h arp First National Bank ...... Blytheville Blytheville A . F . B ase Mississippi First National Bank of Eastern Arkansas ...... Forrest City P a lestin e St. Francis First National Bank ...... Magnolia Taylor C olu m b ia First National Bank ...... Marianna Moro L ee First National Bank ...... Nashville Mineral Spgs. H ow a rd First National Bank ...... O sceola Joiner Mississippi First National Bank ...... Osceola Luxora Mississippi First National B ank ...... P a ris Caulksville R a tc liff L og a n Simmons First National Bank ...... P in e B lu ff S h e rrill J e ffe rs o n First National Bank ...... Siloam Spgs. G e n try B en ton State First National Bank ...... T exa rk an a F orem a n Little River First National Bank ...... W a rren Hermitage Bradley

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 20 State of Arkansas: Bank Department

AMENDMENTS ALTERING CAPITAL STRUCTURE July 1. 1969 io June 30, 1970

1. The Security Bank, Harrison, increased capital stock from $350,000.00 to $450,000.00 by the sale of new stock. 2. Bank of Ozark, Ozark, increased capital stock from $100,000.00 to $150,000.00 by a 50% stock dividend. 3. The Union Bank of Benton, Benton, increased capital stock from $300,000.00 to $310,000.00 by the sale of new stock. 4. Farmers Bank, Greenwood, increased capital stock from $100,000.00 to $150,000.00 by the sale of new stock. 5. Bank of Yellville, Yellville, increased capital stock from $100,000.00 to $175,000.00 by the sale of new stock. 6. The First State Bank, Springdale, increased capital stock from $250,- 000.00 to $300,000.00 by sale of additional 500 shares of new stock. 7. Bank of Ash Flat, Ash Flat, increased capital stock from $25,000.00 to $75,000.00 by a 200% stock dividend. 8. The First State Bank, Plainview, increased capital stock from $60,000.00 to $100,000.00 by a 66%% stock dividend. 9. Bank of Amity, Amity, increased capital stock from $75,000.00 to $100,000.00 by a 33%% capital stock dividend. 10. Bank of Star City, Star City, increased capital stock from $100,000.00 to $150,000.00 by a 50% stock dividend. 11. Dermott State Bank, Dermott, increased capital stock from $150,000.00 to $200,000.00 by a 33%% stock dividend. 12. Arkansas Bank & Trust Company, Hot Springs, increased capital stock from $600,000.00 to $900,000.00 by a 50% stock dividend. 13. Bank of Brinkley, Brinkley, increased capital stock from $50,000.00 to $100,000.00 by transfer from Undivided Profit Account. 14. Citizens Bank, Carlisle, increased capital stock from $150,000.00 to $162,500.00 by sale of new stock. 15. Bank of Nettleton, Jonesboro, increased capital stock from $172,500.00 to $200,000.00 by transfer from the Certified Surplus Account. 16. The Peoples Bank, Mountain Home, increased capital stock from $250,000.00 to $300,000.00 by a 20% stock dividend. 17. Decatur State Bank, Decatur, increased capital stock from $60,000.00 to $100,000.00 by a 66%% stock dividend.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 21

AMENDMENTS ALTERING CAPITAL STRUCTURE—(Continued)

18. Citizens Bank of Jonesboro, Jonesboro, increased capital stock from $770,000.00 to $1,000,000.00 by transfer from Certified Surplus Account. 19. Peoples Bank, Mammoth Spring, increased capital stock from $50,- 000.00 to $100,000.00 by a 100% stock dividend. 20. First State Bank, Springdale, increased capital stock from $300,000.00 to $600,000.00 by a 100% stock dividend from the Reserve Account. 21. Security Bank, Paragould, increased capital stock from $250,000.00 to $300,000.00 by transfer from the Certified Surplus Account. 22. Citizens Bank & Trust Company, Yan Buren, increased capital stock from $100,000.00 to $150,000.00 by stock dividend from Undivided Profit Account. 23. Union Bank & Trust Company, Monticello, increased capital stock from $200,000.00 to $400,000.00 by transfer from the Undivided Profit A cco u n t. 24. Union State Bank, Junction City, increased capital stock from $100,- 000.00 to $200,000.00 by the sale of new stock. 25. The Twin City Bank, North Little Rock, increased capital from $900,000.00 to $1,000,000.00 by transfer of $100,000.00 from Undivided Profit Account. Also, issued $700,000.00 in Preferred Stock making total Capital Account $1,700,000.00. 26. Earle State Bank, Earle, increased capital from $150,000.00 to $300,- 000.00 by a 100% stock dividend from the Undivided Profit Account. 27. Merchants and Farmers Bank, West Helena, increased capital from $225,000.00 to $275,000.00 by sale of new stock.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2 2 State of Arkansas: Bank Department

AMENDMENTS CHANGING NUMBER OF DIRECTORS July 1, 1969 to June 30, 1970

Name From To Bank of Star City, Star C ity ...... 5-9 3-13 Bank of Weiner, Weiner ...... 3-7 3-9 The Bank of Yellville, Yellville ...... 3-7 3-12 Merchants & Planters Bank, M anila ...... 3 -9 3-11 Farmers Bank, Hamburg ...... 3-10 3-12 Security Bank, Paragould...... 5-11 5-15 Grant County Bank, Sheridan...... 5-7 5-10

AMENDMENTS CHANGING PAR VALUE OF SHARK July 1, 1969 to June 30, 1970

N am e F rom T o Bank of Star City, Star C ity...... 25.00 10.00 The Twin City Bank, North Little R ock...... 25.00 10.00 Earle State Bank, Earl ...... 100.00 10.00

AMENDMENTS AUTHORIZING TRUST POWERS July 1, 1969 to June 30, 1970

N am e The Peoples Bank, Mountain Home.

AMENDMENTS CHANGING NAME OF BANK July 1, 1969 to June 30, 1970

N am e The Peoples Bank, Mountain Home to Peoples Bank and Trust Company, Mountain Home.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 23

THE AVERAGE RATIO OF CAPITAL ACCOUNTS TO TOTAL RESOURCES OF THE 186 ARKANSAS STATE BANKS AND TRUST COMPANIES AS OF JUNE 30, 1970 IS 8 9%. THE FOLLOWING BANKS EQUAL OR EXCEED THIS FIGURE.

N am e Location Percentage Bank of Am ity ...... A m ity ...... 9.2 Bank o f Atkins ...... A tk in s ...... 9.3 The Bank of Augusta ...... A u gu sta ...... 9.6 Citizens State Bank ...... B a ld K n o b ..... 11.6 The Citizens Bank ...... B ea rd en ...... 12.3 Citizens Bank ...... B eeb e ...... 14.0 Citizens Bank ...... Bentonville .... 12.4 The Farmers Bank & Trust Company. Blytheville .... 12.7 The Bank of Bradley ...... B ra d le y ...... 9.2 State Bank of Calico Rock ...... Calico Rock .... 11.6 The Caraway Bank ...... C a r a w a y ...... 11.1 Citizens Bank ...... C a rlisle ...... 9.8 American State Bank ...... Charleston ..... 9.2 Bank of Cherry Valley ...... Cherry Valley 10.9 Merchants and Planters Bank ...... C la ren d on ..... 9.3 First State Bank ...... C rossett ...... 13.7 Arkansas Valley Bank ...... Dardanelle .... 9 .0 Bank of Dardanelle ...... Dardanelle .... 9.7 Decatur State Bank ...... D eca tu r ...... 10.9 Dermott State Bank ...... D erm ott ...... 9.5 Farmers & Merchants Bank ...... D es A r c ...... 12.7 DeWitt Bank & Trust Company ...... D eW itt ...... 10.8 Bank of Dover ...... D o v e r ...... 10.6 Merchants & Farmers Bank ...... D um as ...... 12.7 Earle State Bank ...... E a rle ...... 10.9 The Delta State Bank ...... E la in e ...... 20.5 Bank of England ...... E ngland ...... 10.8 The Citizens Bank ...... E n glan d ...... 14.6 The Eudora Bank ...... E udora ...... 16.6 Fordyce Bank and Trust Company .... F o rd y ce ...... 10.8 The Bank of Franklin ...... F ra n k lin ...... 9.7 Planters & Merchants Bank ...... G ille tt ...... 16.9 First State Bank ...... G o u ld ...... 10.5 Bank of Gravett ...... G ra v ette ...... 9.0 The First Bank ...... G r iffith v ille ... 13.1 Clark County Bank ...... G u rd on ...... 10.7 Calhoun County Bank ...... H am pton ...... 11.7 Bank of Harrisburg ...... Harrisburg .... 9.0 The Security Bank ...... H arrison ...... 10.7 Guaranty Loan & Trust Company ...... H elen a ...... 70.1 Bank of Holly Grove ...... H o lly G ro v e ... 13.6 First Jacksonville Bank ...... J a ck so n v ille ... 9.3 Mercantile Bank ...... J o n e sb o ro ...... 9.6 Farmers & Merchants Bank ...... J u d son ia ...... 12.5 Union State Bank ...... Junction City 12.2 Bank of Kensett ...... K en sett ...... 16.3 Bank of Lake Village ...... Lake Village 10.1 Leachville State Bank ...... Leachville ..... 11.4 Little River Bank ...... L ep a n to ...... 15.8 The Leslie State Bank ...... L e slie ...... 8.9 Financial Home Loan Corporation ...... Little Rock .... 36.2 Metropolitan Trust Company ...... Little Rock .... 99.8 Bank of Lockesburg ...... Lockesburg .... 9.3 First State Bank ...... L o n o k e ...... 14.1 Bank of M cCrory ...... M cC ro ry ...... 8.9

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 24 State of Arkansas: Bank Department

AVERAGE RATIO OF CAPITAL ACCOUNTS TO TOTAL RESOURCES (Continued)

Name Location Percentage McGehee Bank ...... McGehee ...... 10.0 Farmers Bank & Trust Company ...... M a gn olia ...... 11.3 Southern Credit Corporation ...... M a lv ern ...... 10.8 Peoples Bank ...... Mammoth Spring 9.4 Merchants & Planters Bank ...... M an ila ...... 18.3 Farmers & Merchants Bank ...... M arian n a ...... 13.5 Citizens Bank ...... Marion ...... 9.3 Marked Tree Bank ...... Marked Tree ...... 9.9 Bank of M arvell ...... M arvell ...... 15.0 The Bank of Melbourne ...... Melbourne ...... 11.9 Monette State Bank ...... Monette ...... 11.7 Union Bank & Trust Company ...... M onticello ...... 9.7 The Bank of Mountain View ...... M ou n tain V ie w ... 11.7 Bank o f Newark ...... Newark ...... 15.0 Bank of New Edinburg ...... N ew E d in b u rg ... 15.9 Bank of Parkdale ...... Parkdale ...... 18.8 First State Bank ...... Parkin ...... 12.3 Bank of Pea Ridge ...... Pea Ridge ...... 10.6 Piggott State Bank ...... Piggott ...... 11.1 National Credit Corporation ...... Pine Bluff ...... 27.9 Planters and Stockmen Bank ...... Pocahontas ...... 9.3 The Peoples Bank ...... Portland ...... 18.6 Portland Bank ...... Portland ...... 18.2 Bank of Prescott ...... Prescott ...... 9.7 Bank of Quitman ...... Quitman ...... 9.5 The Bank of Rector ...... Rector ...... 9.5 The Bank of Rison ...... Rison ...... 14.5 Bank of Salem ...... Salem ...... 9.1 Logan County Bank ...... Scranton ...... 10.5 Smackover State Bank ...... Smackover ...... 9.2 Citizens Bank ...... Sm ithville ...... 23.2 Bodcaw Bank ...... Stamps ...... 11.1 Bank of Star City ...... Star City ...... 12.6 The Stephens Security Bank ...... S teph ens ...... 9.7 Citizens Bank ...... S tron g...... 15.2 Citizens Bank ...... T i l l a r ...... 23.6 Bank of Trum ann...... Trumann ...... 10.2 Bank of Tuckerm an...... Tuckerman ...... 15.2 The Peoples Bank ...... W aldo ...... 10.2 Bank of W ein er...... W einer ...... 11.1 Rice Growers Bank ...... W heatley ...... 13.3 W ilm ot State Bank ...... W ilmot ...... 18.9 Bank o f W ilson ...... W ilson ...... 17.2 Cross County Bank ...... W y n n e ...... 11.1 The Bank of Y ellv ille...... Y ellville ...... 13.5

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 25

SIGNIFICANT CHANGES OVER A FOURTEEN YEAR PERIOD 1956-1970 June 30,1956 June 30,1970 Number of banks with resources of less than $1,000,000 ...... 50 10 With resources of $1,000,000 to $2,000,000 ... 54 17 With resources of $2,000,000 to 3,500,000 ... 39 34 With resources of $3,500,000 to $5,000,000 ... 17 31 With resources of $5,000,000 to $7,500,000 ... 12 33 With resources of $7,500,000 to $10,000,000 5 20 With resources of $10,000,000 to $15,000,000 4 22 With resources of $15,000,000 to $20,000,000 0 7 With resources over $20,000,000 ...... 1 12

182 186

P e rce n t June 30,1956 June 30,1970 In crea se Total resources ...... 508,372,880 1,537,588,150 202 Total loans ...... 190,448,598 771,945,349 305 U. S. Government Securities ...... 140,958,020 258,186,988 83 State, Municipal and Other Bonds .. 52,274,001 217,821,636 317 Deposits ...... 460,899,257 1,359,632,701 195 Total Capital Accounts ...... 46,686,189 136,660,445 193

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 26 State of Arkansas: Bank Department

FIFTY-SIXTH REPORT

OF

STATEMENT OF ARKANSAS BANKS

AND TRUST COMPANIES

AS SHOWN BY THE CALL OF JUNE 30. 1970

Cities and towns alphabetically arranged by postoffices.

Information concerning population furnished by the various banks.

COMMERCIAL BANK OF ALMA. ALMA Population 1,500 Crawford County Chartered January 31, 1910 P. O. Box 369 Telephone Number 632-2257 Zip Code 72921 Officers Directors Mrs. Caruth M. Alexander. President Mrs. Caruth M. Alexander Ralph B. Ballentine .. Exec. V. Pres. Ralph B. Ballentine Margaret Adams ...... C a sh ier Harrell Ballentine Hilda Knight ...... Asst. Cashier W . H. C o le Lucille Hayes ...... Asst. Cashier C. R. Starbird MeLoud Sicard Y. G. Humphrey W. B. Byars

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 999,875.36 Demand deposits ...... $3,282,939.06 U. S. Gov’t obligations.. 1,144,944.99 Time deposits ...... 1,949,511.68 Other bonds & U. S. Gov’t deposits ..... 31,241.12 securities ...... 971,657.89 Public funds ...... 171,957.25 Excess funds sold Total deposits ...... 5,435,649.11 (F e d e r a l) ...... 850,000.00 Capital stock ...... 100,000.00 Loans & discounts ...... 1,777,534.60 Surplus ...... 75,000.00 Fixed assets ...... 83,349.73 Undivided profits ...... 205,649.30 Other real estate ...... 12,469.26 Reserves ...... 32,930,05 Other assets ...... 9,396.63 Total capital account.. 413,579.35 Total ...... $5,849,228.46 Total ...... $5,849,228.46

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 27

BANK OF AMITY, AMITY Population 543 ' Clark County Chartered November 30, 1905 P. O. Box 38 Telephone Number 342-5301 Zip Code 71921 Officers Directors John N. Francis ...... P resid en t John N. Francis Joe F. M axey ...... V ic e P res. Joe F. Maxey Cleda Olds .... Vice Pres. & Cashier Cleda Olds Peggy Thomasson ...... Asst. Cashier Hazel Richardson Hazel Richardson ...... Asst. Cashier Ernie Dunlap STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $1,157,897.08 Demand deposits ...... $2,426,676.97 U. S. Gov’t obligations ... 1,862,256.33 Time deposits ...... 3,277,416.41 Other bonds & U. S. G ov’t deposits...... 48,758.62 securities ...... 993,046.88 Public funds ...... 168,486.83 Loans & discounts ...... 2,598,390.90 Total deposits ...... 5,921,338.83 Fixed assets ...... 3,001.00 Capital stock ...... 100,000.00 Other real estate ...... 8,000.00 Surplus ...... 200,000.00 Other assets ...... 2,961.23 Undivided profits ...... 311,361.47 R eserv es ...... 92,853.12 Total capital account.. 704^214J9 T o ta l ...... $6,625,553.42 Total ...... $6,625,553.42

ELK HORN BANK 8c TRUST COMPANY, ARKADELPHIA Population 10,000 Clark County Chartered September 28, 1903 P. O. Box 248 Telephone Number 246-5811 Zip Code 71923 Officers Directors A. C. Stone ...... P resid en t Harold Echols Roy N. Shope ...... Exec. V. Pres. & John N. Francis C ash ier James T. Gooch Clarence Hardin ..... Vice President Clarence Hardin J. B. W ingfield ...... Vice President C. C. Lookadoo C. C. Lookadoo ...... Vice President G. W. Lookadoo J. Hugh Lookadoo .... Vice President J. Hugh Lookadoo James T. G ooch ...... Vice President Robert Phillips G. W. Lookadoo ...... Vice President Roy N. Shope Herman G. Brewer. Asst. Vice Pres. A. C. Stone Johnny K. McAnally .. Asst. Cashier J. B. Wingfield Lloyd N. Conant ...... Asst. Cashier Morris Turner, Jr...... Asst. Cashier STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 1,391,701.69 Demand deposits ...... $ 4,148,318.28 U .S. Gov’t obligations.. 1,382,016.76 Time deposits ...... 5,104,012.74 Other bonds & U. S. Gov’t deposits ... 47,903.55 securities ...... 3,055,650.82 Public funds ...... 871,799.05 Loans & discounts ...... 5,023,911.42 T o ta l d ep osits .. 10,172,033.62 Fixed assets ...... 163,205.50 Other liabilities .. 36,208.16 Other real estate ...... 2.00 Capital stock ...... 125.000. 00 Other assets ...... 2,911.66 S u rplu s ...... 450.000. 00 Undivided profits 192,995.40 R eserv es ...... 43,162.67 Total capital account 811,158.07 Total .....$11,019,399:85 Total ...... $11,019,399:85

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 28 State of Arkansas: Bank Departmetnt

MERCHANTS & PLANTERS BANK & TRUST COMPANY, ARKADELPHIA Population 10,000 Clark County Chartered June 15, 1911 P. O. Box 219 Telephone Number 246-4511 Zip Code 71923 Officers Directors James C. Hobgood ...... P resid en t Millard E. Aud Jett Black ...... Exec. Vice Pres. Jett Black Millard E. Aud . ..Vice Pres. & Cash. Dr. Charles Clark Catherine Condray .... Asst. Cashier J. H. Crawford Nina Mae Dickson .... Asst. Cashier H. Grady Elms Farrell Hall ...... Asst. Cashier Ben D. Gray Lottie Watson ...... Asst. Cashier A1 D. Gross James C. Hobgood Robert C. Rhodes Jan e R oss STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 983,877.12 Demand deposits ...... $2,454,858.23 U. S. Gov’t obligations .. 1,280,807.50 Time deposits ...... 3,058,104.66 Other bonds & U. S. Gov’t deposits .... 64,424.09 securities ...... 1,283,458.51 Public funds ...... 684,993.44 Loans & discounts ...... 3,099,446.79 Total deposits ...... $6,262,380.42 Fixed assets ...... 126,240.35 Other liabilities ...... 20,000.00 Other real estate ...... 1,500.00 Capital stock ...... 100,000.00 Other assets ...... 28,404.71 Surplus ...... 200,000.00 Undivided profits ...... 221.354J6 Total capital account. 521,354.56 Total ...... 6,803,734.98 T o ta l ...... $6,803,734.98

BANK OF ASH FLAT. ASH FLAT Population 250 Sharp County Chartered February 20, 1912 P. O. Box 8 Telephone Number 994-7313 Zip Code 72513 Officers Directors John A. Cooper, Jr...... P resid en t John A. Cooper, Sr. Boyd Carpenter ...... Vice President John A. Cooper, Jr. Odessa Estes ...... C ash ier Boyd Carpenter Maxine Carpenter ..... Asst. Cashier Leonard Ferguson

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $1,004,121.95 Demand deposits ...... $1,876,424.61 U. S. Gov’t obligations .. 1,087,136.15 Time deposits ...... 2,272,768.45 Other bonds & Public funds ...... 228,593.93 securities ...... 1,031,478.43 Total deposits ...... 4,377,786J9 Loans & discounts ...... 1,618,034.70 Other liabilities ...... 7,288.68 Fixed assets ...... 2,566.52 Capital stock ...... 75,000.00 Other assets ...... 1,651.14 Surplus ...... 100,000.00 Undivided profits ...... 184,913.22

TotalAVVOl capital awwuutu..account.. 359,913722 Total ...... $4,744,988.81 Total ...... $4,744,988789

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 29

BANK OF ATKINS. ATKINS Population 1,700 Pope County Chartered September 19, 1895 P. O. Box 157 Telephone Number 641-2987 Zip Code 72823 O ffice rs D ire cto rs James C. M itchell...... P resid en t James C. Mitchell David O. Ram ey ...... C a sh ier David O. Ramey M. J. H ickey ...... Vice President M. J. Hickey George J. Cambiano R. W. Morgan, Jr.

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities C ash & due from banks $ 449,069.70 Demand deposits ...... $1,108,926.91 U. S. Gov’t obligations.. 98,359.38 Time deposits ...... 979,979.45 Other bonds & U. S. Gov’t deposits ..... 29,615.03 securities ...... 212,856.73 Public funds ...... 82,786.61 Loans & discounts ...... 1,640,202.30 Total deposits ...... 2,201,308.00 Fixed assets ...... 42,499.00 Capital notes & deb’t .... 50,000.00 Capital stock ...... 50,000.00 Surplus ...... 100,000.00 Undivided profits ...... 27,509.51 Reserves ...... 14,169.60 Total capital account.. 241,679.11 T o ta l ...... $2,442,987.11 T o ta l ...... $2,442,987.11

THE BANK OF AUGUSTA, AUGUSTA Population 2,634 Woodruff County Chartered February 20, 1935 P. O. Box Y Telephone Number 347-2511 Zip Code 72006 Officers Directors George L. Beard ...... President George L. Beard R. E. Gregory R. E. Gregory ...... Vice President J. Ford Smith R. J. Haralson W. T. Mills, Jr...... Vice President W. P. Daniel E. R. Miller & Cashier John R. Eldridge W. T. Mills, Jr. Dorothy Willis ...... Asst. Cashier Franklin Collier

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash &due from banks $1,414,083.90 Demand deposits ...... $3,057,530.61 U. S. Gov’t obligations 792,030.50 Time deposits ...... 2,435,402.83 Other bonds & U. S. Gov’t deposits .... 66,907.42 securities ...... 1,011,639.43 Public funds ...... 1,399,718.62 Loans & discounts ..... 4,699,375.14 Deposits of banks ... 69,743.51 Fixed Assets ...... 28,975.00 Total deposits ..... 7,029,302.99 Other assets ...... 2,613.54 Other liabilities ..... 105,728.58 Capital stock ...... 100,000.00 S u rplu s ...... 200,000.00 U n d iv id ed p ro fits .. 466,305.60 R eserv es ...... 47,653.34 Total capital account 813,958.94 Total ...... $7,948,990.51 Total ...... $7,948,990.51

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 30 State of Arkansas: Bank Department

CITIZENS STATE BANK, BALD KNOB Population 2,096 White County Chartered January 22, 1931 P.O .B ox200 Telephone Number 724-3241 Zip Code 72010 Officers Directors T. W. Leggett, Sr...... P re sid e n t T. W. Leggett, Sr. & Ch. of Board Jim Hinkle Jim Hinkle ..... ¥. Pres. & Cashier Larry E. Kireher Larry E. Kireher ...... Asst. Cashier W. H. Collison, Sr. Margaret Etheridge .. Asst Cashier Jennings Leggett STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 491,922.10 Demand deposits ...... $2,315,667.21 U. S. Gov’t obligations.. 1,601,256.25 Time deposits ...... 789,868.99 Other bonds & U. S. Gov’t deposits .... 21,490,50 securities ...... 824,426.79 Public funds ...... 292,522.22 Excess funds sold Deposits of banks ..... 9,132.68 (F e d e ra l) ...... 150,000.00 Total deposits ...... 3,428,681.60 Loans & discounts ...... 788,569.20 Capital stock ...... 100,000.00 Fixed assets ...... 40,307.10 Surplus ...... 100,000.00 Undivided profits ...... 102,594.33 R eserv es ...... 165,205.51 Total capital account__ 467,799.84 T o ta l ...... $3,896,481.44 T o ta l ...... $3,896,481.44

THE CITIZENS BANK. BATESVILLE Population 7,200 Independence County Chartered February 19, 1953 P. O. Box 1365 Telephone Number 793-3811 Zip Code 72501 Officers Directors J. K. Southerland ...... President M. A. Conyers M. A. Conyers ..... Exec. Vice Pres. J oh n M o o d y Neil Wilkins ...... Vice Pres. Lackey W. Moody & Trust Officer N. K . S im s Jimmy Hunter .... Asst Vice Pres. J. K. Southerland Mary Lee Poole .... Asst. Vice Pres. Eagle Street Mary Ann Ray .... Asst. Vice Pres. Neil Wilkins Charles Arnold ...... C ashier Edna Morgan ...... Asst. Cashier Clifton Crabtree ...... Asst. Cashier Maxine Wooten ...... Asst Cashier Barbara Daily ...... Asst Cashier Lois Rasmussen ...... Asst Cashier STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 1,685,070.61 Demand deposits ...... $ 4,863,483.19 U. S. Gov’t obligations 2,063,413.68 Time deposits ...... 5,014,345.05 Other bonds & U. S. Gov’t deposits .. 56,039.79 securities ...... 1,827,168.55 Public funds ...... 480,436.96 L oa n s & discounts ..... 6,248,858.58 Deposits of banks ..... 467,670.98 fixed assets ...... 56,340.91 Total deposits ...... 10,881,975.97 Other assets ...... 2,524.62 Capital notes & deb’t . 125,000.00 Capital stock ...... 125,000.00 Surplus ...... 375,000.00 Undivided profits ..... 242,884.88 Reserves ...... 133,516,10 Total capital account 1,001,400.98 Total $11,883,376.95 Total ...... $11,883,376.95

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 31

'Fun? r>T|vtf|7c,iffC! c & w q c * & s n p i f X J^LE* V#X X X m A JCtiiJW 21 JSIJFlJW Ah# X9XIm «X!1JL^XUX^ Population 1,260 Quachita County Chartered June 17, 1945 P. O. Box 135 Telephone Number 687-2649 Zip Code 71720 O ffice rs D ire cto rs John Ed Anthony ...... President John Ed Anthony Garland Anthony ..... Ch. of Board Garland Anthony Jay W. Dickey, Jr. .. Vice President Jay W. Dickey, Jr. Garland Anthony III .Asst. V. Pres. O. B. Livingson Harold Mizell ...... C ashier Marvin E. Ramsay Rose Mary Bamer .... Asst. Cashier Jane Shaddock ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 J^ssois Liabilities Cash & due from banks 275,394.54 Demand deposits ...... $ 847,624.42 U. S. Gov’t obligations 218,788.20 Time deposits ...... 722,839.28 Other bonds & U. S. Gov’t deposits .... 61,885.00 securities ...... 251,911.02 Public funds ...... 98,893.63 Loans & discounts ..... 1,216,814.64 Total deposits ...... 1,731,242.33 Fixed assets ...... 6,920.72 Capital stock ...... 50,000.00 Other assets ...... 5,403.11 Surplus ...... 100,000.00 Undivided profits ..... 93,989,90 Total capital account 243,989.90 T o ta l ...... $1,975,232.23 Total ...... $1,975,232.23

CITIZENS BANK. BEEBE Population 2,137 White County Chartered June 21, 1917 P.O.BoxT Telephone Number 882-5471 Zip Code 72012 Officers Directors T. E. Abington ...... President T. E. Abington E. H. Abington II ... Exec. V. Pres. E. H. Abington H Mrs. Margie Jensen ...... C ash ier Mrs. Catherine Abington Mrs. Alpha Brown Frank Garrison

STATEMENT AS OF JUNE 30, 1970 Liabilities A ssets Demand deposits ...... $2,301,399.38 Cash & due from banks $ 566,016.86 Time deposits ...... 317,225.33 U. S. Gov’t obligations.. 1,755,182.70 U. S. Gov’t deposits ... 22,089.28 Other bonds & Public funds ...... 216,195.94 securities ...... 454,935.52 Total deposits ...... $2,856,909.93 Loans & discounts 543,142.21 Other liabilities ...... 610.50 Fixed assets ...... 229.56 Capital stock ...... 50,000.00 Other real estate 1.00 Surplus ...... 100,000.00 Other assets ...... 6,125.97 Undivided profits ...... 318,113.39 Total capital account 468,113.39 Total $3,325,633.82 Total ...... $3,325,633.82

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 32 State of Arkansas: Bank Department

BENTON STATE BANK, BENTON Population 17,000 Saline County Chartered February 9, 1934 P.O .Box9 Telephone Number 778-2591 Zip Code 72015

Officers Directors W. R. Alsobrook ...... P resid en t W. F. Alsobrook Jack D. Walz ...... Exec. Vice Pres. R. F. Alsobrook Russell Coleman ..V, Pres. & Cash. Fred E. Briner R. F. Alsobrook ... Vice President Russell Coleman Fred Biiner ...... Vice President Wyatt Crawford John M. Freeman .... Vice President David Demuth Brooks Morris ...... Vice President A. B. Holiman, Jr. D. J. Stirmon ...... Vice President Newell P. Ramsey Larry Whitley ...... Vice President D. J. Stirmon Leonard A yres ...... Asst. Vice Pres. Jack D. Walz Joe E. DuVall ...... Asst. Vice Pres. Larry Whitley Mrs. June MaGee .. Asst. Vice Pres. Virgil Williams R. B. Biles ...... Asst. Cashier Mrs. Lee McClenny .. Asst. Cashier Arnold Moore ...... Asst Cashier Mrs. Voneeille Ballard ..Asst. Cash.

STATEMENT AS OF JUNE 30. 1970

Assets Liabilities Cash & due from banks $ 1,916,021.17 Demand deposits ...... $ 7,322,873.64 U. S. Gov’t obligations 6,453,392.50 Time deposits ...... 9,628,158.39 Other bonds & U. S. Gov’t deposits .. 217,246.10 securities ...... 2,630,901.29 Public funds ...... 1,079,060.38 Excess funds sold Total deposits ...... 18,247,338.51 (F e d e ra l) ...... 200,000.00 Other liabilities ...... 422,442.09 Loans & discounts ..... 8,746,815.05 Capital notes & deb’t . 220,000.00 Fixed assets ...... 383,937.53 Capital stock ...... 550,000.00 Other real estate ...... 111,026.46 Surplus ...... 650,000.00 Other assets ...... 30,426.82 Undivided profits ..... 371,221.54 R eserv es ...... 11,518.68 Total capital account 1,802,740.22 Total ...... $20,472,520.82 T o ta l ...... $20,472,520.82

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 33

THE UNION BANK OF BENTON. BENTON Population 17,000 Saline County Chartered January 11, 1954 P. O. Box 687 Telephone Number 778-2571 Zip Code 72015 Officers Directors Wilford R. Pruett ..... Chmn. of Bd. Warren K. Bass & P res. Ted Boswell Joe D. Powers ... Exec. Vice Pres. Hugh Bragg John G. McMahan Vice President Henry M. Brown Ralph Neaville ..Vice Pres. & Cash. J. D. Harris Bill Anthony ...... Asst. Vice Pres. X. E. McCray, Sr. Gary Sproul ...... Asst. Vice Pres. Paul Mooney Margaret Jefferson ,. Asst Cashier Joe D. Powers Bill Lynch ...... Asst. Cashier W ilford R. Pruett Sandra Suggs ...... Asst. Cashier J, Fred Walton, Sr. Van H. Wright ...... Asst. Cashier & Mgr. Bryant Off.

STATEMENT AS OF JUNE 30. 1970

A ssets C ash & due from banks $ 1,064,225.92 Demand deposits ...... $ 4,047,421.22 U. S. Gov’t obligations 1,256,520.40 Time deposits ...... 5,298,672.36 Other bonds & U. S. Gov’t deposits ... 278,120.44 securities ...... 2,156,598.36 Public funds ...... 779,761.83 L oan s & discounts .... 6,931,249.58 Total deposits ...... 10,403,975.85 Fixed assets ...... 406,094.52 Other liabilities ...... 405,630.49 Other real estate ...... 10,754.86 Capital stock ...... 310,000.00 Other assets ...... 88,860.05 S u rp lu s ...... 340,000.00 Undivided profits ...... 335,690.12 Reserves ...... 119,007.23 Total capital account 1,104,697.35 T ota l $11,914,303.69 Total ...... $11,914,303.69

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 34 State of Arkansas: Bank Department

BANK OF BENTONVILLE. BENTONVILLE Population 5,300 Benton County Chartered February 25, 1931 Telephone Number CR 3-2421 P. O. Box 449 Zip Code 72712 Officers Directors Sam W a lt o n ...... Ch. of the Board R . E. B u ck R. E. Buck ...... President Carl M. Burger D. S. Patterson ..... Vice President William H. Enfield & Trust Officer Carl Hutchens V. C. Rife, Jr...... Vice President D. S. Patterson John W. Fruer ...... C a sh ier Sam W a lton & Asst. Trust Officer Audrey Robbins ...... Asst. Cashier Ellen Jefferson ...... Asst. Cashier Selwyn Palmer ...... Asst. Cashier Carl M. Burger William H. Enfield Carl Hutchens STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 2,390,511.92 Demand deposits ...... $ 6,526,928.44 U. S. Gov’t obligations 1,670,782.99 Time deposits ...... 4,701,205.88 Other bonds & U. S. Gov’t deposits.... 220,499.02 securities ...... 2,237,508.98 Public funds ...... 545,837.18 Excess funds sold Deposits of banks ..... 10,000.00 (F e d e ra l) ...... 700,000.00 Total deposits ...... 12,004,470.52 Loans & discounts .... 6,064,341.87 Capital stock ...... 150,000.00 Fixed assets ...... 27,447.27 Surplus ...... 250,000.00 Other real estate ...... 2.00 Undivided profits ..... 534,641.98 Other assets ...... 5,916.00 Reserves ...... 157,398.53 Total capital account 1,092,040.51 T o ta l ...... $13,096,511.03 Total ...... $13,096,511.03

CITIZENS BANK, BENTONVILLE Population 5,300 Benton County Chartered December 16, 1968 P. O. Box 100 Telephone Number 273-5586 Zip Code 72712 Officers Directors Lawrence R. MeCarroll .. President G. J. Bonds & Chief Exec. J. T . H itt Wilson D. Powell .... Vice President Lawrence R. McCarroll Jack Clardy ...... Vice President Wilson D. Powell & C ash ier Floyd L. Rees Robert L. Smith ...... Asst. Cashier Cecil E. Shores Wiley H. Wolfe STATEMENT AS OF JUNE 30, 1970 Assets Cash & due from banks $ 253,946.46 Demand deposits ...... $ 795,990.94 U. S. Gov’t obligations 145,263.00 Time deposits ...... 1,165,955.58 Other bonds & U. S. Gov’t deposits ... 9,811.88 securities ...... 236,81^.80 Public funds ...... 393,201.64 Excess funds sold Total deposits ...... 2,364,960.04 (F e d e ra l) ...... 150,000.00 Other liabilities ...... 30,934.16 L oa n s & discounts ..... 1,781,357.25 Capital stock ...... 150,000.00 Fixed assets ...... 166,463.58 Surplus ...... 150,000.00 Other real estate ...... 1.00 Undivided profits ...... 39,813.56 Other assets ...... 1,956.67 R eserv es ...... ^______100.00 Total capital account 339,913.56 Total ...... $2,735,807.76 Total ...... $2,735,807.76

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 35

BANK OF BLEVINS, BLEVINS Population 249 Hempstead County Chartered August 12, 1912 P. O. Box 108 Telephone Number 874-2411 Zip Code 71825 O ffice rs Directors Frank McLarty ...... P resid en t Frank McLarty P. C. Stephens ...... Vice President P. C. Stephens & C ashier Harold M. Stephens Maurine E. Stephens ..Asst Cashier Wayne Bell ...... Asst. Cashier Paul C. Stephens Asst. Cashier STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 204,369.76 Demand deposits ...... $ 563,439.55 U. S. Gov’t obligations 242,523.20 Time deposits ...... 513,250.73 Other bonds & U. S. Gov’t deposits .... 1,603.37 securities ...... 285,293.26 Public funds ...... 84,327.53 Loans & discounts ...... 558,305.75 Total deposits ...... 1,162,621.18 Fixed assets ...... 1,777.00 Other liabilities ...... 12,041.67 Other assets ...... 1,552.47 Capital stock ...... 25,000.00 Surplus ...... 50,000.00 Undivided profits ...... 33,908.58 R eserv es ...... 10,250.01 Total capital account __ 119,158.59 Total $1,293,821.44 Total ...... $1,293,821.44

FARMERS BANK & TRUST COMPANY, BLYTHEVILLE Population 25,883 Mississippi County Chartered March 16, 1908 P. O. Box 688 Telephone Number 763-8101 Zip Code 72315 Officers Directors R. A. Porter ...... C hairm an J. L. Cherry Earl L. McCarroll ...... President E. B. Gee, Jr. F. E. Warren ...... Vice Chairman George G. Hubbard Lee A. Crowe ...... Exec. Vice Pres. Charles C. Langston H. N. Whitis ...... Vice President Earl L. McCarroll R . G . C o x ...... C ash ier R. A. Porter B. G. Stewart ...... Asst. Vice Pres. B. S. Simmons C. W. Pope ...... Asst. Cashier F. E. Warren B. F. Brogdon ...... Asst. Cashier L. H. Welch B. J. Johnston ...... Asst. Cashier K. T. Mitchell ...... Asst. Cashier C. L. Cofield ...... Asst. Cashier Harvey Morris ...... Trust Officer R. M. Hefley ..Mgr. Insurance Dept. STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 1,755,699.75 Demand deposits ...... $ 7,505,902.43 U. S. Gov’t obligations 1,403,311.63 Time deposits ...... 7,593,277.23 Other bonds & U. S. Gov’t deposits .. 299,661.64 securities ...... 4,602,494.39 Public funds ...... 2,719,219.66 Excess funds sold Deposits of banks ...... 75,373.08 (F e d e ra l) ...... 1,000,000.00 Total deposits ...... 18,193,434.04 Loans & discounts ..... 11,228,625.15 Other liabilities ...... 62,102.91 Fixed assets ...... 1,138,195.19 Capital stock ...... 1,000,000.00 Other assets ...... 40,909.82 Surplus ...... 1,000,000.00 Undivided profits ...... 704,436.08 Reserves ...... 209,262,90 Total capital account 2,913,698.98 Total ...... $21,169,235.93 Total ...... $21,169,235.93 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 36 State of Arkansas: Bank Department

CITIZENS BANK OF BOONEVILLE, BOONEVILLE Population 3,240 Logan County Chartered April 18, 1910 P. O. Box 217 Telephone Number 675-2747 Zip Code 72927 Officers Directors Jeral L. Hampton ...... President Herbert L. Thomas, Sr. Bill Landrum ...... Exec. Vice Pres. John Olsen Bill Perceful ...... Vice President Jeral L. Hampton Boyce Skeets ...... Vice President BiE Landrum Bill Mitchell ...... Asst Cashier Ray Harp Joe Henry Earp ...... Asst Cashier Edward H. Smoot Herbert L. Thomas, Jr. Iv a n W ade

STATEMENT AS OF JUNE 30, 1970 Assets LiaM liiies Cash & due from banks $ 956,150.58 Demand deposits ...... $ 3,747,103.78 U. S. Gov’t obEgations 588,439.31 Time deposits ...... 5,812,302.13 Other bonds & U. S. Gov’t deposits .... 83,197.53 securities ...... 2,790,859.63 Public funds ...... 626,220.53 Loans & discounts .... 6,826,502.68 Total deposits ...... 10,268,823.97 Fixed assets ...... 183,560.55 Other liabilities ...... 233,140.70 Other real estate ...... 20,871.33 Capital stock ...... 225,000.00 Other assets ...... 125,808.73 Surplus ...... 225,000.00 Undivided profits ...... 376,627.08 R eserv es ...... 163^601^)6 Total capital account 990,228.14 T o ta l ...... $11,492,192.81 T o ta l ...... $11,492,192.81

THE BANK OF BRADLEY, BRADLEY Population 712 Lafayette County Chartered April 10, 1933 P. O. Box 128 Telephone Number 894-3322 Zip Code 71826 Officers Directors J. W. Meek, Jr...... Pres. & Cashier Charles G. Allen Ralph W. Baueum .. Vice President Ralph W. Baucum J. B. Works ...... Asst. Cashier G. Pat Coker J. W. Meek, Jr. Orville M. Odom

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 294,583.94 Demand deposits ...... $ 771,353.96 U. S. Gov’t obligations 1,169,670.00 Time deposits ...... 1,124,259.12 Other bonds & U. S. Gov’t deposits .... 11,049.50 securities ...... 117,864.56 Public funds ...... 126,961.63 Loans & discounts ...... 661,547.57 Total deposits ...... 2,033,624.21 Fixed assets ...... 9,486.45 Capital stock ...... 50,000.00 Other real estate ...... 2.00 Surplus ...... 50,000.00 Other assets ...... 1,454.50 Undivided profits ...... 107,540.49 Reserves ...... 13,444.32 Total capital account__ 220,984.81 Total ...... $2,254,609.02 Total ...... “$2,254,609.02 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 37

BANK OF BRINKLEY. BRINKLEY Population 5,000 Monroe County Chartered January 17, 1903 P. O. Box 727 Telephone Number RE 4-3133 Zip Code 72021 Officers Directors Albert H. Rusher ...... P resid en t A, L. Rusher L. C. Dial John F. Cole ...... Exec. Vice Pres. A. H. Rusher John F. Cole Mildred Dickson ...... C ashier E. D. McKnight Evalyna Hiley ...... Asst. Cashier J. B. Sharp STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $1,483,367.50 Demand deposits ...... $3,434,986.76 U. S. Gov’t obligations 309,037.50 Time deposits ...... 4,016,791.15 Other bonds & U. S. Gov’t deposits .... 65,580.69 securities ...... 3,466,529.67 Public funds ...... 668,699.12 Loans & discounts ..... 3,657,970.91 Deposits of banks ...... 6,827.35 Fixed assets ...... 23,360.05 Other liabilities ...... 27,130.24 Other assets ...... 3,999.16 Total deposits ...... 8,192,885.07 Capital stock ...... 100,000.00 Surplus ...... 400,000.00 Undivided profits ...... 216,249.48 R eserv es ...... 8,000.00 Total capital account 724,249.48 T o ta l ...... $8,944,264.79 Total ...... $8,944,264.79

BANK OF CABOT. CABOT Population 2,827 Lonoke County Chartered March 23, 1903 Telephone Number 982-1541 P. O. Box Drawer R Little Rock 843-3575 Zip Code 72023 Officers Directors Jake W. Lowman Ch. of the Board W. T. Barnwell Fred B. Garlington President C. T. Carrigan Mrs. Marvin Park ... Vice President Fred B. Garlington & C ash ier Jack M. Lowman James M. Park ...... Vice President Jake W. Lowman Juanita C. Morden .... Asst. V. Pres. Graham T. Nixon William E. Williams .. Asst. V. Pres. James M. Park Cecil T. Owen ...... Asst. Cashier Mrs. Marvin Park Frances E. Rea ...... Asst. Cashier Lewis T. See Murrell D. Vise ...... Asst. Cashier H. A. Whitley, Jr. Jeff D. Wood STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $1,057,261.38 Demand deposits ...... $4,003,812.68 U. S. Gov’t obligations 1,715,983.75 Time deposits ...... 4,524,944.72 Other bonds & U. S. Gov’t deposits ..... 44,912.95 securities ...... 1,985,484.12 Public funds ...... 354,509,87 Loans & discounts ...... 4,766,449.08 Total deposits ...... 8,928,180.22 Fixed assets ...... 155,000.00 Other liabilities ...... 104,902.67 Other real estate ...... 2.00 Capital stock ...... 150,000.00 S u rplu s ...... 150,000.00 Undivided profits ...... 298,995.43 R eserv es ...... 48.102.01 Total capital account 647,097.44 Total ...... $9,680,180.33 Total ...... $9,680480.33

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 38 State of Arkansas: Bank Department

STATE BANK OF CALICO BOCK, CALICO BOCK Population 773 Izard County Chartered May 1, 1914 P.O.Box236 Telephone Number 297-8105 Zip Code 72519 Officers Directors Dr. Noel Copp ...... President Dr. Noel Copp Davey Wyatt GuEey E. Seay ...... Vice President Gulley R. Seay E. C. Rodman ...... Cashier E. C. Rodman Mrs. Boyce Hicks ..... Asst. Cashier Paul W. Seay

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 907,763.44 Demand deposits ...... $1,694,124.92 U. S. Gov’t obligations 693,686.43 Time deposits ...... 574,709.95 Other bonds & U. S. Gov’t deposits .... 2,643.75 securities ...... 150,374.18 Public funds ...... 89,518.98 Loans & discounts ...... 898,633.41 Total deposits ...... 2,360,997.60 Fixed assets ...... 2.00 Capital stock ...... 50,000.00 Other real estate ...... 10,502.00 Surplus ...... 75,000.00 Other assets ...... 20,237.42 Undivided profits ...... 187,208.22 R eserv es ...... 7,993.06 Total capital account 320,201.28 T o ta l ...... $2,681,198.88 T o ta l ...... $2,681,198.88

MERCHANTS & PLANTERS BANK. CAMDEN Population 17,500 Ouachita County Chartered March 4, 1931 P. O. Box 1017 Telephone Number 836-8136 Zip Code 71701 Officers Directors B. J. Ford Ch. of Board J. W. Coan R. L. Summers & President B. J. Ford Robert H. Tinkle .... Exec. V. Pres. Thomas Gaughan E. L. Harrison ..... Vice President Cecil Hitt O. G. Burnham .... Asst. Vice Pres. W. R. Holleman James M. Morgan ...... Cashier Emmette Parham Mrs. Lennie Betts .... Asst. Cashier Ray Parham Mrs. Martha Hankins .Asst. Cashier H. T. Patton

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 1,701,066.20 Demand deposits ...... $ 5,079,320.23 U. S. Gov’t obligations 1,080,776.00 Time deposits ...... 6,181,994.83 Other bonds & U. S. Gov’t deposits .. 223,297.40 securities ...... 3,610,502.14 Public funds ...... 856,905.78 Loans & discounts ..... 6,985,869.61 Deposits of banks ...... 15,700.00 Fixed assets ...... 353,999.40 Total deposits ...... 12,357,218.24 Other real estate ...... 8,000.00 Other liabilities ...... 286,757.47 Other assets ...... 169,890.67 Capital stock ...... 500,000.00 Surplus ...... 300,000.00 Undivided profits ..... 428,948.78 Reserves ...... 37,179.53 Total capital account 1,266,128.31 T otal $13,910,104.02 Total ...... $13,910,104.02

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 39

THE CARAWAY BANK, CARAWAY Population 1,025 Craighead County Chartered October 29, 1962 P.O .Box37 Telephone Number 482-3329 Zip Code 72419 Officers Directors Amos David ...... P resid en t Amos David & Ch. of the Board J. R. David, Jr. J. R. David, Jr...... Vice President Douglas Bradley & C ashier Aubrey Wood

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 589,361.79 Demand deposits ...... $ 688,939.37 U. S. Gov’t obligations 215,992.12 Time deposits ...... 1,513,211.47 Other bonds & U. S. Gov’t deposits .... 6,095.58 securities ...... 66,782.60 Public funds ...... 247,540.36 Excess funds sold Deposits of banks ..... 13,967.15 (F e d e ra l) ...... 425,000.00 Total deposits ...... 2,469,753.93 Loans & discounts ..... 1,458,201.12 Capital stock ...... 75,000.00 Fixed assets ...... 36,328.29 Surplus ...... 100,000.00 Other real estate ...... 1.00 Undivided profits ...... 135,748.37 Other assets ...... 1-00 Reserves ...... 11,165.62 Total capital account 321,913.99 T o ta l ...... $2,791,667.92 T o ta l ...... $2,791,667.92

CITIZENS BANK, CARLISLE Population 2,000 Lonoke County Chartered December 22, 1930 P.O .B ox69 Telephone Number 552-7571 Zip Code 72024 Officers Directors M. S. W oodruff ...... P resid en t H. L. Perkins, Chairman Ernest H. Allison .... Vice President Clifford Bennett & C ash ier Dr. J. F. Gartman Billy J. Shoup ..... Asst Vice Pres. C. W. Harper Laverne Caldwell ..... Asst. Cashier Charles Hunt Fred Perkins M. S. Woodruff M. Gaines Young, Jr.

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 611,040.01 Demand deposits ...... $2,699,787.04 U. S. Gov’t obligations 989,747.17 Time deposits ...... 2,854,535.68 Other bonds & U. S. Gov’t deposits .... 63,467.16 securities ...... 1,140,267.22 Public funds ...... 112,492.56 Loans & discounts ...... 3,574,378.21 Total deposits ...... 5,730,282.44 Fixed assets ...... 16,825.70 Other liabilities ...... 20,832.40 Other real estate ...... 54,212.87 Capital stock ...... 162,500.00 Other assets ...... 58,013.79 Surplus ...... 237,500.00 Bldg, under construct Undivided profits ...... 233,934.66 R eserv es ...... _.____ 59,435.47 Total capital account 693,370.13 T otal ...... $6,444,484.97 Total ...... $6,444,484.97

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 40 State of Arkansas: Bank Department

BANK OF CAVE CITY. CAVE CITY Population 800 Sharp County Chartered July 2, 1906 P. O. Box 82 Telephone Number 283-5553 Zip Code 72521 Officers Directors Eagle Street ...... President Eagle Street Eugene Street ...... Vice President Eugene Street Carl Medlock ...... C ash ier J. A. Carpenter Nina Medlock ...... Asst. Cashier James Street

STATEMENT AS OF JUNE 30. 1970

A ssets Liabilities Cash & due from banks ! i 385,945.21 Demand deposits ...... $1,210,076.90 U. S. Gov’t obligations 254,907.73 Time deposits ...... 1,548,843.24 Other bonds & U. S. Gov’t deposits .... 896.50 securities ...... 1,343,661.93 Public funds ...... 53,923.66 Loans & discounts 1,074,246.45 Total deposits ...... 2,813,740.30 Fixed assets ...... 15,500.00 Capital stock ...... 50,000.00 Surplus ...... 150,000.00 Undivided profits ...... 49,833.11 R eserv es ...... 10,687.91 Total capital account 260,521.02 T o ta l ...... $3,074,261.32 T o ta l ...... $3,074,261.32

AMERICAN STATE BANK. CHARLESTON Population 1,497 Franklin County Chartered June 29, 1910 P. O. Box 145 Telephone Number 965-2201 Zip Code 72933 Officers Directors Joe S. Hiatt ...... President Mrs. Clyde Hiatt, Chairman Clyde L. Hiatt ..... Asst. Vice Pres. Joe S. Hiatt Norma W. Hiatt .... Asst. Vice Pres. John A. McDonald Theo M. Classen ...... Cashier Harold W. Jones, Secretary Harold W. Jones ...... Asst. Cashier Paul Hiatt & Ins. Dept. Mgr.

STATEMENT AS OF JUNE 30. 1970

A ssets Liabilities Cash & due from banks ! ! 381,993.14 Demand deposits ...... $1,522,537.24 U. S. Gov’t obligations 354,700.00 Time deposits ...... 1,924,888.52 Other bonds & U. S. Gov’t deposits .... 16,073.51 securities ...... 1,002,475.61 Public funds ...... 247,063.16 Excess funds sold Total deposits ...... 3,710,562.43 (F e d e ra l) ...... 180,000.00 Other liabilities ...... 62,003.87 Loans & discounts 2,164,383.93 Capital stock ...... 100,000.00 Fixed assets 58,736.00 Surplus ...... 100,000.00 Other real estate ...... 2,478.44 Undivided profits ...... 188,787.96 Other assets ...... 51,460.45 R eserv es ...... 34,873.31 Total capital account 423.66L27 T otal ... $4,196,227.57 Total ...... $4,196,227.57

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 41

BANK OF CHERRY VALLEY, CHERRY VALLEY Population 455 Cross County Chartered January 24, 1907 P. O. Box 188 Telephone Number 588-4415 Zip Code 72324 O ffice rs D irectors W. Maurice Smith, Jr...... P resid en t H. H. Beasley H. H. Beasley ...... Exec. Vice Pres. Millard Carter J. R. Cavin ...... C ashier J. R. Cavin Mrs. Frances Cooper .. Asst. Cashier Edward S. Maddox Emmett Neal Milam .. Asst. Cashier H. P. Maddox, Sr. W. Maurice Smith, Jr.

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 398,406.43 Demand deposits ...... $1,142,456.80 U. S. Gov’t obligations 504,662.50 Time deposits ...... 1,958,523.92 Other bonds & U. S. Gov’t deposits 7,548.93 securities ...... 190,770.54 Public funds ...... 275,354.35 Loans & discounts ...... 2,672,527.17 Total deposits ...... 3,383,884.00 Fixed assets ...... 39,489.00 Other liabilities ...... 2,010.08 Other real estate ...... 1.00 Capital stock ...... 100,000.00 Other assets ...... 34.00 S u rplu s ...... 100,000.00 Undivided profits ...... 217,654.53 R eserv es ...... 2,342.03 Total capital account 419,996.56 T o ta l ..... $3,805,890.64 T ota l ...... $3,805,890.64

BANK OF CHIDESTER. CHIDESTER Population 357 Ouachita County Chartered April 29, 1909 P. O. Box 97 Telephone Number 685-2561 Zip Code 71726 Officers Directors Allen Green ...... President Allen Green Mary Ann Starnes ...... C ash ier Dwade Holleman Vivian C. Purifoy ...... Secretary Wavne Sanders Alpha O’Rear ...... Secretary C. C. Walthall

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 191,573.83 Demand deposits ...... $ 455,146.77 U. S. Gov’t obligations 359,729.27 Time deposits ...... 421,445.66 Other bonds & Public funds ...... 42,117.56 securities ...... 6,000.00 Total deposits ...... 1)18,709799 Loans & discounts ...... 449,407.59 Other liabilities ...... 37.50 Fixed assets ...... 2.00 Capital stock ...... 25,000.00 Other real estate ...... 998.70 S u rplu s ...... 50,000.00 Other assets 427.61 Undivided profits ...... „____ 14,391.51 Total capital account___ 89,39151 Total $1,008,139.00 Total ...... $1,008,139 00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 42 State of Arkansas: Bank Department

MERCHANTS & PLANTERS BANK, CLARENDON Population 2,600 Monroe County Chartered July 23, 1890 P.O .Box591 Telephone Number 747-3319 Zip Code 72029 Officers Directors James B. Sharp ...Ch. of the Board Ellen Menard Ralph D. Abramson ...... P resid en t Paul McKay Larry G. BaE ...... Exec. Vice Pres. Thayne MuUer & C ashier F. A. Blankenship EsteUe Catlett ...... Asst. Cashier James B. Sharp Virginia Simpson ..... Asst. Cashier Ralph D. Abramson

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 528,016.62 Demand deposits ...... $1,312,177.09 U. S. Gov’t obligations 416,145.06 Time deposits ...... 1,432,040.68 Other bonds & U. S. Gov’t deposits .... 36,180.19 securities ...... 550,483.16 Public funds ...... 415,536.34 Loans & discounts ...... 2,090,794.31 Deposits of banks 27,618.31 Fixed assets ...... 36,552.78 Total deposits ~ 3,223,552.61 Other real estate ...... 2,000.00 Other liabilities .. 14,995.23 Other assets ...... 2,583.00 Capital stock ...... 150.000. 00 S u rp lu s ...... 100.000. 00 Undivided profits 90,790.83 R eserv es ...... 47,236.25 Total capital account 388,027.09 T o ta l ...... $3,626,574.93 Total ...... $3,626,574.93

ARKANSAS STATE BANK, CLARKSVILLE Population 4,500 Johnson County Chartered March 8, 1967 P. O. Box 100 Telephone Number 754-6325 Zip Code 72830 Officers Directors Harold Whitson ...... President Jim Dickerson, Jr. R. L. Thompson .... V. Pres. & Cash. Armil Taylor R. L. Thompson H. E. Wharton Harold Whitson

STATEMENT AS OF JUNE 30, 1970 A ssets Cash & due from banks $ 508,382.22 Demand deposits ...... $1,611,571.68 U. S. Gov’t obEgations 1,225,696.13 Time deposits ...... 2,072,408.60 Other bonds & U. S. Gov’t deposits .... 29,685.58 securities ...... 1,271,029.10 Public funds ...... 313,764.65 Loans & discounts 1,319,073.65 Deposits of banks ..... 9,032,95 Fixed assets ...... 73,926.49 Total deposits ...... 4,036,463.46 Other liabilities ...... 31,629.42 Capital stock ...... 100,000.00 Surplus ...... 100,000.00 Undivided profits ...... 105,989.29 Reserves ...... 24,025,42 Total capital account 330,014.71 T otal .... $4,398,107.59 Total ...... $4,398,107.59

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 43

CLINTON STATE BANK, CLINTON Population 1,036 Van Buren County Chartered October 16. 1946 P. O. Box 57 Telephone Number 745-2441 Zip Code 72031 Officers Directors Howard Johnson ...... P r e s id e n t Arthur Lewis Homer Brown ...... Vice Pres. Homer Brown Garner M. Johnson ...... Vice Pres. Garner M. Johnson Dyke Johnson ...... C ashier Mrs. Howard Johnson Josephine Smith ..... Asst. Cashier Howard Johnson Opal Myrick ...... Asst. Cashier Dickie V. Lefler Thomas J. McKnight.. Asst. Cashier John L. Johnson Cloetta Hutto ...... Asst. Cashier Roy Lefler, Jr. Eileen Smiley ...... Asst Cashier William H. Ham Maurice Harmon ..... Asst Cashier Charles E. Smith ..... Asst. Cashier STATEMENT AS OF JUNE 30. 1970 A ssets LiabiUiie* Cash & due from banks 995,454.51 Demand deposits ...... $3,739,099.01 U. S. Gov’t obligations 1,970,573.88 Time deposits ...... 4,183,812.55 Other bonds & U. S. Gov’t deposits .... 64,024.67 securities ...... 1,486,807.61 Public funds ...... 326,295.98 Excess funds sold Total deposits ...... 8,313,232.21 (Federal) ...... 400,000.00 Capital stock ...... 100,000.00 Loans & discounts ...... 4,191,222.45 Surplus ...... 200,000.00 Fixed assets ...... 110,000.00 Undivided profits ...... 365,308.58 Other real estate ...... 1.00 R eserv es ...... 175,518.66 Total capital account 840,827.24 T o ta l ...... $9,154,059.45 Total ...... $9,154,059.45 FIRST STATE BANK AND TRUST COMPANY, CONWAY Population 15,287 Faulkner County Chartered February 8, 1946 P.O .B ox271 Telephone Number 329-5656 Zip Code 72032 Officers Directors W. D. Ketcheside .. Ch. of the Board Edward A. Halter Thomas G. Wilson ...... President Alphonse M. Hiegel B. J. Daugherty .... Exec. Vice Pres. W. D. Ketcheside Rogers C. Moore ..... Sr. Vice Pres. J. W. McCracken & Cashier J. F. O’Kelley James B. Watson ...... Vice Pres. J. R . O tt & Trust Officer Frank E. Robins i n J. R . O tt ...... Vice President Earl F. Rogers Edwin H. Floyd Vice President Thomas G. Wilson Miloise A. Lyford.. Asst, to the Pres. Louis E. Stell ...... Vice President Flo.vd Weaver ..... Asst. Vice Pres. G. L. Lieblong ...... Asst. Cashier STATEMENT AS OF JUNE 30, 1970 A ssets Cash & due from banks $ 2,175,506.36 Demand deposits ...... $ 7,051,246.45 U. S. Gov’t obligations 3,499,853.06 Time deposits ...... 11,750,038.40 Other bonds & U. S. Gov’t deposits .. 5,275.00 securities ...... 5,501,786.45 Public funds ...... 1,728,913.62 Loans & discounts 10,829,742.30 Deposits of banks ...... 2,624.88 Fixed assets ...... 357,939.57 Total deposits ...... 20,538,098.35 Other real estate ...... 26,347.84 Other liabilities ...... 106,829.80 Other assets ...... 22,873.03 Capital stock ...... 300,000.00 S u rolu s ...... 600,000.00 Undivided profits ...... 650,663.91 R eserv es ...... 218,456.55 Total capital account 1,769,120.46 Total $22,414,048.61 Total ...... $22,414,048.61

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 44 State of Arkansas: Bank Department

THE CORNING BANK. CORNING Population 2,500 Clay County Chartered January 29, 1931 P. O. Box 86 Telephone Number 857 3592 Zip Code 72422 Officers Directors Mrs. Sam L. Manatt ...... President Mrs. Sam L. Manatt Sam L. Manatt, Jr. .. Exec. Y. Pres. Sam L. Manatt, Jr. F. B. Manatt ...... Exec. V. Pres. F. B. Manatt James A. Vinson .... Vice President James A. Vinson Donis Simpson ...... Vice President Dr. B. C. Page Clarence E. Heasley, Jr...... C ash ier A. C. Woods, Sr. J. L. Williams ...... Asst. Cashier G len C o x H. N. Robinson ...... F arm R ep. STATEMENT AS OF JUNE 30. 1970 A ssets L ia h th iiea Cash & due from banks $1,346,619.21 Demand deposits ...... $3,931,882.84 U. S. Gov’t obligations 448,763.90 lim e deposits ...... 2,947,167.15 Other bonds & U. S. Gov’t deposits . 66,995.20 securities ...... 654,918.31 Public funds ...... 566,371.60 Loans & discounts ...... 5,687,040.67 Deposits of banks ...... 29,807.92 Fixed assets ...... 131,975.42 Total deposits ...... 7,542,224.71 Other liabilities ...... 23,902.00 Capital stock ...... 200,000.00 S u rplu s ...... 200,000.00 Undivided profits ...... 217,455.95 R eserv es ...... _ _ 85,734.85 Total capital account__ 703,190.80 T o ta l ...... $8,269,317.51 Total ...... $8,269,317.51

FIRST STATE BANK. CROSSETT Population 6,000 Ashley County Chartered May 13, 1963 F. O. Box 638 Telephone Number 364-5131 Zip Code 71635 Officers Directors B. J. Lambert, Jr...... President Donald W. Stone B. J. Aiken .... Consumer Serv. Off. B. J. Lambert, Jr. Patsy Rawls .. Accounts Serv. Off. Paul Sulhns Charles Baxley W illis Johnson L. L. Gibbs H. A. Etheridge, Jr. STATEMENT AS OF JUNE 30, 1970

A ssets Liabilities Cash & due from banks $ 354,212.33 Demand deposits ...... $1,175,119.81 U. S. Gov’t obligations 145,000.00 Time deposits ...... 1,395,427.88 Other bonds & U. S. Gov’t deposits .... 25,073.23 securities ...... 122,728.93 Public funds ...... 337,153.53 Loans & discounts ...... 2,733,043.72 Total deposits ...... 2,932,774.45 Fixed assets ...... 161,050.40 Other liabilities ...... 117,475.68 Other real estate ...... 12,500.00 Capital stock ...... 200,000.00 Other assets ...... 7,488.66 S u rplu s ...... 200,000.00 Undivided profits ...... 85,773.91 Total capital account 485,773.91 Total ...... $3,536,024.04 T o ta l ...... $3,536,024:04

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 45

DANVILLE STATE BANK, DANVILLE Population 1,304 Yell County Chartered October 3, 1930 P.O .Box68 Telephone Number 495-2236 Zip Code 72833 Officers Directors John Ed Chambers ...... P resid en t Harold W. Burnham Joe Ray Jim Bill Gatlin .... Exec. Vice Pres. John Ed Chambers Neil Sims Edward J. Taylor .... Vice President Jim Bill Gatlin Raymond Pledger .. Vice President Lloyd R. George Bobby E. Ramey ...... Cashier J. W . H u ll Elouise C. Laurie ...... Asst. Cashier F ay M athis

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 904,018.96 Demand deposits ...... $2,434,699.85 U. S. Gov’t obligations 946,258.59 Time deposits ...... 5,210,944.11 Other bonds & U. S. Gov’t deposits .... 31,910.78 securities ...... 1,735,574.02 Public funds ...... 514,996.25 Loans & discounts ...... 5,379,117.80 Total deposits ...... 8,192,550.99 Fixed assets ...... 73,087.10 Capital stock ...... 125,000.00 Other assets Surplus ...... 375,000.00 (Gusts Liab) ...... 3,864.74 Undivided profits ...... 228,581.35 R eserv es ...... 120,788.87 Total capital account 849,370.22 T o ta l ...... $9,041,921.21 Total ...... $9,041,921.21

ARKANSAS VALLEY BANK, DARDANELLE Population 3,257 Yell County Chartered August 29, 1961 P. O Box 330 Telephone Number 229-4111 Zip Code 72834 Officers Directors Robert L. Stringer ...... P resid en t Glenn Bailey L. J. Foster ...... Exec. Vice Pres. Dr. G. S. Cornwell & C ashier A . B . C ox L. J. Foster Edward H. Smoot Harold Snyder Robert L. Stringer Perry L. Turnbull

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks 492,661.65 Demand deposits ...... $1,728,766.31 U. S. Gov’t obligations 588,100.50 Time deposits ...... 1,060,825.79 Other bonds & U. S. Gov’t deposits .... 82,712.57 securities ...... 184,759.90 Public funds ...... 185,072.57 Loans & discounts ...... 2,008,602.21 Deposits of banks ...... 11,678.89 Fixed assets ...... 78,777.45 Total deposits ...... 3,069,056.13 Other real estate ...... 50,800.00 Capital stock ...... 150,000.00 Surplus ...... 50,000.00 Undivided profits ...... 108,198.52 R eserv es ...... 26,447.06 Total capital account 334,645.58 Total . $3,403,701.71 Total ...... $3,403,701.71

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 46 State of Arkansas: Bank Department

D tinf /%«• nm naiiTT t p n&nn&tiFf t p JjAri A> v * iiiifii * M w -1 *,~*r iJ'JnUndUrJrkjn m I ,al ri» Population 3,257 Yell County Chartered September 12, 1934 P. O. Box 90 Telephone Number 229-3311 Zip Code 72834 Officers Directors Thomas V. Jones ...... P resid en t B. K. Berry Noel Vandover John L. Hamilton .... Vice President L. R. Berryhill Jimmy Wallis Robert L. HoEand ...... C ash ier C. R. George Thomas C. Willis ..... Asst Cashier John L. Hamilton Mrs. Nancy A. Moore ..Asst. Cashier Thomas V. Jones H. M. Orsbum, Jr. STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 754,812.46 Demand deposits ...... $1,914,937.25 U. S. Gov’t obligations 2,430,433.80 Time deposits ...... 3,967,928.10 Other bonds & U. S. Gov’t deposits .... 74,543.21 securities ...... 591,069.36 PubMe funds ...... 234,942.87 Loans & discounts ...... 3,156,807.61 Total deposits ...... 6,192,351.43 Fixed assets ...... 24,611.00 Capital stock ...... 100,000.00 Other assets ...... 5,524.00 Surplus ...... 125,000.00 Undivided profits ...... 456,524.79 R e se rv e s ...... :____89,382.01 Total capital account 770,906.80 T o ta l ...... $6,963,258.23 T o ta l ...... $6,963,258.23

DECATUR STATE BANK. DECATUR Population 415 Benton County Chartered May 27, 1954 P. O. Box 38 Telephone Number 752-3281 Zip Code 72722 Officers Directors Charles L. Daves ...... President C. Jimmie Carter Jim Talbot ...... Cashier Charles L. Daves C. Tom Edmiston J. R. Kincaid E. N. McCoEum, M. D. Dorothy Mae Peterson Lloyd E. Peterson J im T a lb o t STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks 498,805.32 Demand deposits ...... $1,940,233.53 U. S. Gov’t obligations .. 618,000.00 Time deposits ...... 1,709,656.44 Other bonds & U. S. Gov’t deposits .... 237,746.39 securities ...... 1,040,124.48 Public funds ...... 126,740.29 Excess funds sold Deposits of banks ...... 20,000.00 (F e d e ra l) ...... 150,000.00 Total deposits ...... 4,034,376.65 Loans & discounts ...... 2,235,342.02 Other labilities ...... 24,080.85 Fixed assets ...... 54,730.59 Capital stock ...... 100,000.00 Other real estate ...... 1,000.00 Surplus ...... 100,000.00 Other assets ...... 2.00 Undivided profits ...... 301,713.96 Reserves ...... 37,832,95 Total capital account 539,546.91 Total ...... $4,598,004.41 Total ...... $4,598,004.41 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 47

BANK OF DELIGHT. DELIGHT Population 450 Pike County Chartered June 16, 1911 P. O. Box 68 Telephone Number 379-2211 Zip Code 71940 Officers Directors Cecil E. Johnson, Jr...... P resid en t Buford Hendrix Gus Wingfield Gus Wingfield ..... Exec. Vice Pres. Olen Hendrix K. C. Reid & C ashier C lib M ay Olen Hendrix ...... Vice President Dr. Joe W. Reid Edna Johnson ...... Asst. Cashier Ludis Rhodes

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks 255,429.59 Demand deposits ...... $ 982,318.87 U. S. Gov’t obligations 774,597.95 Time deposits ...... 1,037,309.76 Other bonds & U. S. Gov’t deposits .... 1,121.41 securities ...... 110,398.69 Public funds ...... 129,400.00 Loans & discounts ...... 1,153,229.72 Total deposits ...... 2,150,150.04 Fixed assets ...... 42,117.17 Capital stock ...... 31,250.00 Other real estate ...... 1.00 S u rplu s ...... 100,000.00 Other assets ...... 2,142.00 Undivided profits ...... 39,320.71 R eserv es ...... _.____ 17,195.37 Total capital account 187,766.08 T o ta l ...... $2,337,916.12 Total ...... $2,337,916.12

DERMOTT STATE BANK. DERMOTT Population 4,000 Chicot Comity Chartered July 8, 1935 Telephone Number 538-3266 P. O. Box Drawer C Zip Code 71638 Officers Directors John M. Baxter ...... President John M. Baxter J. M. Tharp J. M. Tharp ...... Exec. Vice Pres. W. A. Baxter Clarence Heaton .... Vice President A. C. Brasel, Chairman Frank Henry, Jr. .... Vice President R. H. Dennington Mrs. Frances Spratlin ...... Cashier Bernard Levi

STATEMENT AS OF JUNE 30. 1970 A ssets L iaM U fies Cash & due from banks $ 537,302.09 Demand deposits ...... $1,482,407.15 U. S. Gov’t obligations 199,157.81 Time deposits ...... 2,669,393.46 Other bonds & U. S. Gov’t deposits .... 16,471.21 securities ...... 1,246,402.20 Public funds ...... 460,727.85 Loans & discounts ...... 3,238,859.70 Total deposits ...... 4,628,999.67 Fixed assets ...... 49,864.29 Other liabilities ...... 71,876.41 Other real estate ...... 3,683.22 Capital stock ...... 200,000.00 Other assets ...... 3,087.33 Surplus ...... 200,000.00 Undivided profits ...... 104,584.97 R eserv es ...... 72,895.59 Total capital account 577,480.56 T otal ...... $5,278,356.64 Total ...... $5,278,356.64

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 48 State of Arkansas: Bank Department

FARMERS & MERCHANTS BANK. DES ARC Population 1,767 Prairie County Chartered January 20, 1909 P. O. Box 369 Telephone Number 256-4191 Zip Code 72040 Officers Directors L. R. Brown ...... P resid en t S. R. Nichols R. L. Morton ...... Exec. Vice Pres. W. J. Caskey & C ash ier L. R. Brown Lawrence Holloway .. Asst. Cashier R. L. Morton Dora Mae Holloway .. Asst. Cashier Henry L. Nichols Elsie Garth ...... Asst. Cashier John F. Orsi, Jr. Wilma Holloway .. Exec. Secretary STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 539,525.65 Demand deposits ...... $1,945,288.37 U. S. Gov’t obligations 1,607,443.43 Time deposits ...... 2,624,944.38 Other bonds & U. S. Gov’t deposits .... 78,099.89 securities ...... 1,697,717.39 Public funds ...... 530,637.13 Excess funds sold Total deposits ...... 5,178,969.77 (F e d e ra l) ...... 100,000.00 Capital stock ...... 200,000.00 Loans & discounts ...... 2,078,698.54 Surplus ...... 300,000.00 Fixed assets ...... 33,484.83 Undivided profits ...... 272,259.99 Other real estate ...... 1.00 R eserv es ...... 105,641.08 Total capital account 877,901.07 T o ta l ...... $6,056,870.84 T o ta l ...... $6,056,870.84

DEWITT BANK & TRUST COMPANY. DEWITT Population 4,392 Arkansas County Chartered March 1, 1929 P. O. Box 71 Telephone Number 946-3531 Zip Code 72042 Officers Directors E. A. Ferguson ...... President A. A. Beverburg Julian Brown ..... Senior Vice Pres. W. H. Botts & Secretary Julian Brown T. F. Hudson ...... C ash ier Ray D. Dickson Frank Ellis ...... Vice President E. A. Ferguson & Trust Officer J. L . F lv Dale K. Bennett ...... Asst. Cashier R. H. Maddox Eunice Coker ...... Asst. Cashier C. W. Rasco III Rosemary C. Currie . Asst. Cashier Jack Whitmore Ralph Relyea .. Asst. Trust Officer STATEMENT AS OF JUNE 30. 1970

A ssets Liabilities Cash & due from banks $ 2,589,974.82 Demand deposits ...... $ 5,028,416.59 U. S. Gov’t obligations 1,079,557.48 Time deposits ...... 3,958,629.62 Other bonds & U. S. Gov’t deposits .. 170,121.68 securities ...... 1,975,702.78 Public funds ...... 647,561.75 Loans & discounts .... 5,660,210.78 Total deposits ...... 9,804,729.64 Fixed assets ...... 2.00 Other liabilities ...... 77,000.00 Other real estate ...... 1.00 Capital stock ...... 300,000.00 Other assets ...... 77,001.00 S u rplu s ...... 400.000.00 Undivided profits ...... 530,031.26 Reserves ...... 270,688.96 Total capital account 1,500,720.22 Total ...... $11,382,449.86 T otal ...... $11,382,449.86 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 49

BANK OF DOVER. DOVER Population 525 Pope County Chartered September 29, 1905 P. O. Box 98 Telephone Number 331-2121 Zip Code 72837 Officers Directors W. M. Wallace ..... Exec. Vice Pres. W. M. Wallace John E. Moore ...... P resid en t L. J. Churchill, Chairman T. C. Campbell ...... Vice President John E. Moore C. L. Poynter ...... C ash ier T. C. Campbell C. L. Poynter S. F. McCain STATEMENT AS OF JUNE 30. 1970 A ssets TiaHilitiog Cash & due from banks $ 440,406.04 Demand deposits ...... $1,003,796.44 U. S. Gov’t obligations 263,833.75 Time deposits ...... 1,348,641.27 Other bonds & U. S. Gov’t deposits .... 7,828.15 securities ...... 368,853.11 Public funds ...... 251,741.18 Loans & discounts ...... 1,756,368.87 Total deposits ...... 2,612,007.04 Fixed assets ...... 123,010.88 Other liabilities ...... 10.00 Other assets ...... 2,694.46 Capital stock ...... 50,000.00 Surplus ...... 150,000.00 Undivided profits ...... 114,312.34 Reserves ...... 28,837.73 T o ta l ...... $2,955,167.11 Total capital account 343,150.07 Total ...... $2,955,167.11

MERCHANTS AND FARMERS BANK, DUMAS Population 4,601 Desha County Chartered May 10, 1909 P. O. Box D Telephone Number 382-4311 Zip Code 71639 Officers Directors Claud T. Frank ...... President Claud T. Frank Ernest C. Bradshaw ...... Vice Pres. Loral Adcock Loral M. Adcock ...... Vice Pres. Jack Stiel Dante Pearl M. Moore ...... C ashier Joe Lee McKennon David J. Garrett ..Asst. Vice Pres. O. L. Puryear Marie R. Tucker ...... Asst. Cashier J. E. AUmon, Jr. Ray Maxwell R. A Adcock Marion S. Gill E. C. Gannaway B. J. Tanenbaum, Sr. Clifton L. Meador David Porter STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 1,249,663.54 Demand deposits ...... $ 3,698,036.25 U. S. Gov’t obligations 969,085.17 Time deposits ...... 4,514,848.50 Other bonds & U. S. Gov’t deposits .. 212,191.66 securities ...... 2,700,810.03 Public funds ...... 755,491.70 Loans & discounts .... 5,705,308.58 Total deposits ...... 9,180,568.11 Fixed assets ...... 154,510.12 Other liabilities ...... 67,970.57 Other assets ...... 1.00 Capital stock ...... 300,000.00 Other real estate 1.00 S u rplu s ...... 500,000.00 Undivided profits ..... 220,214.98 R eserv es ...... 510,625.78 Total capital account 1,530,840.76 T ota l $10,779,379.44 Total ...... $10,779,379.44

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 50 State of Arkansas: Bank Department

EARLE STATE BANK, EARLE Population 2,893 Crittenden County Chartered April 24, 1947 Telephone Number 792-8613 Zip Code 72331 Officers Directors J. E. Brooks ...... P resid en t J. E. Brooks B. J. Wallace Everett Hood ...... Vice President Everett Hood J. W. Young, Jr. W. S. Baldwin .... Vice Pres. & Mgr. W. S. Baldwin Crawfordsville Office C. L. Blanz, Jr. Mrs. Mary F. FuEwood .... Cashier Chas. T. Bernard Mrs. Wanda Armstrong .Asst. Cash. Ralph D. Cato Mrs. Iris V. Cole ...... Asst. Cash. C. E. Morrison, Jr. Mrs. Mary E. Davis ..... Asst. Cash. W. P. Morrison Luckett Collins ...... Asst. Cash. R. C. Twist

STATEMENT AS OF JUNE 30, 1970 A ssets I,Xalj3llriX6S Cash & due from banks $ 570,385.88 Demand deposits ...... $1,939,532.66 U. S. Gov’t obligations 968,629.01 Time deposits ...... 2,600,045.92 Other bonds & U. S. Gov’t deposits .... 68,393.66 securities ...... 1,020,793.77 Public funds ...... 678,396.10 Loans & discounts ..... 3,263,453.56 Deposits of banks ...... 28,655.85 Fixed assets ...... 220,860.75 Total deposits ...... 5,315,024.19 Other assets ...... 4,103.49 Capital stock ...... 300,000.00 Surplus ...... 300,000.00 Undivided profits ...... 59,998.62 Reserves ...... 73,203.65 Total capital account 733,202.27 T o ta l ...... $6,048,226.46 Total ...... $6,048,226.46

THE DELTA STATE BANK, ELAINE Population 950 Phillips County Chartered December 30, 1947 P .O .B ox295 Telephone Number 827-3397 Zip Code 72333 Officers Directors Wm. Demoret ...... President Wm. Demoret Mary Louise Demoret .... Cashier & Mary Louise Demoret Exec. Vice Pres. J. M. Countiss, Jr. J. M. Countiss, Jr...... Vice Pres. E. Clay Bumpers E. Clay Bumpers See.-Treas.

STATEMENT AS OF JUNE 30, 1970 A ssete Liabilities Cash & due from banks $ 455,664.93 Demand deposits ...... 768,830.60 U. S. Gov’t obligations 370,251.13 U. S. Gov’t deposits ... 3,005.68 Other bonds & Public funds ...... 159,231.79 securities ...... 10,934.20 Total deposits ...... 931,068.07 Loans & discounts 331,992.87 Other liabilities ...... 604.22 Other assets ...... 3,993.10 Capital stock ...... 40,000.00 Surplus ...... 80,000.00 Undivided profits ...... 113,646.05 Reserves 7,517.89 Total capital account___ 241,163.94 Total ...... $1,172,836.23 Total ...... $1,172,836:23

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 51

THE EXCHANGE BANK AND TRUST CO„ EL DORADO Population 25,000 Union County Chartered August 12, 1933 P. O. Box 641 Telephone Number 862-6684 Zip Code 71730 Officers D irectors Louis E. Hurley .... Ch. of the Board Bruce Anthony H. B. Axum ...... P resid en t H. B. Axum L. Edward Hurley, Jr...... E xec. R. L. Aycock V ic e P res. R. C. Bodenhamer J. C. Craighead ...... Vice. Pres. H. L. Dowling Claude B. Church ...... Vice. Pres. W. A. Dumas Wm. W. Thomas ...... Vice. Pres. James W. Garrison James H. Ludwig ...... C ashier W. H. Hanna N. G. Hammond ...... Asst. V. Pres. Louis E. Hurley Lawrence L. Powell. Asst. V. Pres. L. E. Hurley, Jr. Christene Siders ...... Asst. Cashier D. R. James Steve Leverette ...... Asst. Cashier D. R. James, Jr. Ginger Haney ...... Asst. Cashier T. M. Martin Stella Crow ...... A u d ito r J. H. Sheehan Joe G. Wepfer STATEMENT AS OF JUNE 30, 1970 Assets Liabilities U. S. Gov’t obligations 1,296,995.06 Demand deposits ...... $ 7,616,041.67 Other bonds & Time deposits ...... 6,410,153.01 securities ...... 3,501,457.30 U. S. Gov’t deposits 216,960.47 Loans & discounts .... 8,680,903.73 Public funds ...... 313,583.34 Fixed assets ...... 1,615,928.86 Deposits of banks ..... 28,755.89 Other real estate ...... 1.00 Total deposits ...... 14,585,494.38 Other assets ...... 183,387.29 Borrowed money 500.000. 00 Other liabilities ...... 316,511.11 Capital notes & deb’t 405.000. 00 Capital stock ...... 300.000. 00 S u rplu s ...... 300.000. 00 Undivided profits ...... 315,201.80 R eserv es ...... 215,307,98 Total capital account 1,535,509.78 T o ta l ..... $16,937,515.27 Total $16,937,515.27

BANK OF ELKINS. ELKINS Population 381 Washington County Chartered June 1, 1912 P.O.Box47 Telephone Number 643-2131 Zip Code 72727 O fficers D irectors J. E. Bunch ...... P resid en t J. E. Bunch Roe Stokenbury Joel L. Bunch ...... Exec. Vice Pres. Joel L. Bunch John A. Bunch, Sr.... Vice President John A. Bunch, Sr. & C ash ier Edyth L. Bunch STATEMENT AS OF JUNE 30, 1970 A ssets Cash & due from banks $ 320,214.58 Demand deposits ...... $1,373,387.03 U. S. Gov’t obligations.. 435,634.00 Time deposits ...... 1,677,194.02 Other bonds & U. S. Gov’t deposits .... 7,935.66 securities ...... 544,330.29 Public funds .... 100,660.03 Excess funds sold Total deposits (F e d e r a l) ...... 100,000.00 3,159,176.74 Capital stock ... 37,500.00 Loans & discounts ...... 1,972,541.43 S u rplu s ...... Fixed assets ...... 81,411.40 185,000.00 Undivided profits 46.874.67 Other real estate ...... 1.00 R eserv es Other assets ...... 872.39 26.453.68 Total capital account.. 295,828.35 Total ...... '$3,455,0051)9 T o ta l ...... $3,455,005.09 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 52 State of Arkansas: Bank Department

BANK OF ENGLAND. ENGLAND Population 3,017 Lonoke County Chartered August 23, 1898 P. O. Box 70 Telephone Number 842-2011 Zip Code 72046 Officers Directors Seth Boles, Jr ...... President E. A. CarlLee, Chm. of Board Thos. O. Murchison, Sr.... Vice Pres. Seth Boles, Jr. Otha E. Frizzell ...... Cashier Thomas O. Murchison, Sr. Wilma J. Darling ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 459,061.71 Demand deposits ...... $1,876,793.73 U. S. Gov’t obligations .. 304,000.00 Time deposits ...... 1,103,689.75 Other bonds & Public funds ...... 115,274.71 securities ...... 701,326.37 Total deposits . 3,095,758.19 Loans & discounts ...... 2,005,501.62 Capital stock ...... 100,000.00 Fixed assets ...... 3,145.00 Surplus ...... 150,000.00 Other real estate ...... 1.00 Undivided profits ...... 127,278.51 Other assets ...... 1.00 Total capital account.. 377,278.51 T o ta l ...... $3,473,036.70 Total ...... $3,473,036.70

THE CITIZENS BANK, ENGLAND Population 3,017 Lonoke County Chartered January 14, 1931 P. O. Box 190 Telephone 842-2461 Zip Code 72046 Officers Directors Ben B. Morris ...... P re sid e n t Ben B. Morris Lois Rutherford ...... Ex. V. Pres. Lois Rutherford Carroll C. Leonard, J r...... C a sh ier Carroll C. Leonard, Jr. J oh n G an n

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 455,949.74 Demand deposits ...... $2,184,875.40 U. S. Gov’t obligatoins.. 2,861,699.25 Time deposits ...... 1,772,664.87 Other bonds & U. S. Gov’t deposits ..... 2,631.01 securities ...... 712,640.94 Public funds ...... 209,728.92 Excess funds sold Total deposits ...... 4,169,900.20 (F e d e r a l) ...... 300,000.00 Other liabilities ...... 265.20 Loans & discounts ...... 554,964.17 Capital stock ...... 120,000.00 Fixed assets ...... 2.00 Surplus ...... 140,000.00 Undivided profits ...... 455,090.70 Total capital account.. 715,090.70 T o ta l $4,885,256.10 Total ...... $4,885,256.10

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 53

*T*Ufir* PlfTIAll & 13 » u ir PflTlAO 9k A JTZCi XU V# X a «» IWi XU wXarVirX^lx** Population 3,598 Chicot County Chartered December 23, 1930 P. O. Box “L” Telephone Number 355-4416 Zip Code 71640 Officers Directors Alvin M eyer ...... P resid en t Alvin Meyer Joe A. Arnold ...... Exec. ¥. Pres. Joe A. Arnold & C a sh ier J. W . L o y d J. W. Loyd ...... Vice President C. J. Griffith Suzie M. Gates .... Assistant Cashier W. K. Grubbs Evelyn Lilly ...... Assistant Cashier Sam B ow m a n

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 722,080.44 Demand deposits ...... $2,092,552.52 U. S. Gov’t obligations.. 371,097.33 Time deposits ...... 2,090,747.37 Other bonds & U. S. Gov’t deposits ..... 20,235.65 securities ...... 770,154.04 Public funds ...... 449,067.62 Loans & discounts ...... 3,894,800.52 Total deposits ...... 4,652,603.16 Fixed assets ...... 44,093.85 Other liabilities ...... 65,643.34 Other real estate ...... 5,000.00 Capital stock ...... 175,000.00 Other assets ...... 1,055.94 Surplus ...... 520,000.00 Undivided profits ...... 274,644.06 R eserv es ...... 120,391.56 Total capital account . 1,090,035.62 T o ta l ...... $5,808,282.12 Total ...... 5,808,282.12

BANK OF EUREKA SPRINGS, EUREKA SPRINGS Population 1,681 Carroll County Chartered May 4, 1912 P. O. Box 309 Telephone Number 253-8241 Zip Code 72632 Officers D irectors John F. Cross .... Chm. & P resid en t J. M. Bullock Reba L. Pyatt ...... A. C. & Sec. John F. Cross Sue C. Jones .... Assistant Secretary Ruth F. Cross Lewis E. Epley, Jr. Dorothy F. Mathews Richard R. Thompson Digby Walker STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 480,890.64 Demand deposits ...... $1,847,715.50 U. S. Gov’t obligations .. 836,149.50 Time deposits ...... 1,545,266.84 Other bonds & U. S. Gov’t deposits ..... 38,630.57 securities ...... 386,972.36 Public funds ...... 104,082,38 Excess funds sold Total deposits ...... 3,535,695.29 (F e d e r a l) ...... 400,000.00 Other liabilities ...... 47,904.49 L oa n s & d isco u n ts...... 1,742,372.85 Capital stock ...... 100,000.00 Fixed assets ...... 94,723.78 Surplus ...... 95,000.00 Other assets ...... 2,223.82 Undivided profits ...... 144,880.73 R eserv es ...... 19,852.44

TotalX \J VUi capital account.. . UUS, 359,733.17 I UU.X I Total ...... $3,943,332.95 T o ta l ...... $3,943,332.95 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 54 State of Arkansas: Bank Department

BAHK OF EVENING SHADE, EVENING SHADE Population 302 Sharp County Chartered February 5, 1901 P. O. Box 27 Telephone Number 266-3366 Zip Code 72532 Officers Directors F. F. M obley ...... P resid en t F. F. Mobley D o lp h P e g g ...... Vice President D o lp h P e g g A. L. Hoaney ...... Ex. Vice Pres. & T. G. Vinson Sec. & Treasurer Don A. Heuer William E. Frazier ...... C a sh ier John W. Edwards STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 105,547.96 Demand deposits ...... $ 479,164.42 U. S. Gov’t obligations.. 274,130.50 Time deposits ...... 515,480.76 Other bonds & U. S. Gov’t deposits ...... 5,195.17 securities ...... 60,000.00 Public funds ...... 12,645.99 Loans & discounts ...... 684,118.02 Total deposits ...... 1,012,486.34 Fixed assets ...... 4,690.49 Other liabilities ...... 5,898.02 Capital stock ...... 25,000.00 Surplus ...... 30,000.00 Undivided profits ...... 42,963.29 R eserv es ...... 12,139.32 Total capital account. 110,102.61 T o ta l ...... 1,128,486.97 Total ...... 1,128,486.97

McILROY BANK, FAYETTEVILLE Population 31,000 Washington County Chartered December 24, 1892 P. O. Box B Telephone Number 442-5351 Zip Code 72701 Officers Directors Ellis Burgin ...... P resid en t John D. Askew J. L. H errin ...... Vice President E. J. Ball Tom Mathias .... Vice Pres. & Cash. L. L. Baxter Verd E. Parker ...... Vice President Ellis Burgin Winston I. Sloan .... Asst. Vice Pres. Ralph Goff, Jr. & Trust Officer J. W. Gould James E. H arris ..... Asst. Vice Pres. J. L. Herrin George Edwards .... Asst. Vice Pres. John E. Kane William A. Breazeale ..... P u b . B ela . Dr. James D. Mashbura Norma Moseley. Assistant Secretary Hayden Mcllroy, Chm. of Board Zelma Anderson .. Assistant Cashier Henry B. Shreve Betty C lark ...... Assistant Cashier C a rl T u n e Buddy Ledford .... Assistant Cashier Clifton Wade Maggie Watts ..... Assistant Cashier P a u l Y o u n g Taylor Hannah .... Assistant Cashier Lee Skelton ...... Assistant Cashier Opal Dennis ...... Assistant Cashier STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 6,162,485.20 Demand deposits $10,837,613.94 U. S. Gov’t obligations 1,072,184.67 Time deposits .... 7,251,395.53 Other bonds & U. S. Gov’t deposits .... 103,973.79 securities ...... 3,764,183.27 Public funds ...... 6,281,844.95 Excess funds sold Deposits of banks 1,172,409.74 (F e d e r a l) ...... 2,100,000.00 T o ta l d ep osits ... 25,647,237.95 Loans & discounts ...... 14,850,193.62 O th er lia b ilitie s ... 323,221.81 Fixed assets ...... 346,329.81 Capital stock ...... 500,250.00 Other real estate ...... 3,870.12 S u rp lu s ...... 500,000.00 Other assets ...... 322,294.79 Undivided profits 960,394.25 R eserv es ...... 690,437.47 Total capital account 2,651,081.72 Total $28,621,541.48 Total ...... $28,621,541.48 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 55

FORDYCE BANK & THUST CO„ FORDYCE Population 5,000 Dallas County Chartered January 5, 1931 P.O .B ox352 Telephone Number 352-3108 Zip Code 71742 Officers Directors W. R. Benton, Jr...... President J. H. Everett J. H. Everett ...... Vice President L. Weems Trussell J. W. Heamsberger ...... Vice Pres. J. W. Heamsberger & C ash ier E. C. Gates Mrs. M. S. Smith ...... Asst. Cash. Robert D. Ross Mrs. K. J. Graves ...... Asst. Cash. W. R. Benton, Jr. Jesse G. Shaddock J. Graydon Parham E. C. Benton, Jr. STATEMENT AS OF JUNE 30, 1970 A ssets Liatnliiies Cash & due from banks $ 872,921.27 Demand deposits ...... $2,616,872.59 U. S. Gov’t obligations 1,426,479.01 Time deposits ...... 2,828,439.69 Other bonds & Public funds ...... 300,260.80 securities ...... 1,735,108.71 Total deposits ...... 5,745,573.08 Excess funds sold Other liabilities ...... 65,722.63 (F ed era l) ...... 600,000.00 Capital stock ...... 100,000.00 Loans & discounts ..... 1,803,063.58 Surplus ...... 200,000.00 Fixed assets ...... 104,071.11 Undivided profits ...... 400,464.62 Reserves ...... 29,883.35 Total capital account 730,347.97 T o ta l ...... $6,541,643.68 Total ...... $6,541,643.68

PLANTERS BANK AND TRUST COMPANY, FORREST CITY Population 13,000 St. Francis County Chartered April 15, 1921 P.O .Box471 Telephone Number 633-2833 Zip Code 72335 Officers Directors H. H. Cooper ...... C hairm an Charles AchinaMan E. B. Belshe ...... Vice Chairman E. B. Belshe J. B. Fletcher ...... Vice Chairman H. H. Cooper Robert E. Porter ...... President J. B. Fletcher C. C. Moore ...... Senior V. Pres. J. R. Grobmyer Bert Sulcer ...... Senior V. Pres. C. N. Haven Diana Arwood ...... C ash ier Henry T. Haven Robert E. Doyle ...... Asst. Cashier Louis F. Haven, Jr. H. W. Clayton ...... V. Pres. & Mgr. Roy V. Leonard DeValls Bluff C. C. Moore P a u l H all ..... Asst. Cashier & Mgr. Robert E. Porter Cotton Plant Bert Sulcer James F. Wolfe O. J. Gandy, Jr. STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 1,718,405.08 Demand deposits ...... $ 5,652,572.59 U. S. Gov’t obligations 619,582.56 Time deposits ...... 5,772,400.65 Other bonds & U. S. Gov’t deposits .. 85,710.90 securities ...... 3,771,687.04 Public funds ...... 1,736,410.89 Loans & discounts ..... 8,002,148.47 Total deposits ...... 13,247,095.03 Fixed assets ...... 577,448.42 Other liabilities ...... 18,000.00 Other assets ...... 25,562.06 Capital stock ...... 300.000. 00 S u rplu s ...... 700.000. 00 Undivided profits ..... 378,791.92 R eserv es ...... 70,946.68 Total capital account 1,449,738.60 T otal .. $14,714,833.63 Total ...... $14,714,833.63 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 56 State of Arkansas: Bank Department

THE BANK OF FRANKLIN, FRANKLIN

Population 115 Izard County Chartered June 13, 1905 Telephone Number 322-7201 Zip Code 72536 O ffice rs D ire cto rs William R. Pratt ...... President Richard L. Pratt, Chairman Tommie Billingsley ...... Cashier William R. Pratt Jean Ferguson ...... Asst. Cashier W. G. Wiley J. E. Godwin Mrs. Tressie Combs

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 429,463.12 Demand deposits ...... $ 768,558.32 U. S. Gov’t obligations 194,324.06 Time deposits ...... 309,639.09 Other bonds & U. S. Gov’t deposits .... 16,557.04 securities ...... 1.00 Public funds ...... 56,088.68 Loans & discounts ...... 642,744.62 Total deposits ...... 1,150,843.13 Fixed assets ...... 7,566.00 Capital stock ...... 25,000.00 Other assets ...... 964.66 Surplus ...... 25,000.00 Undivided profits ...... 74,220.33 Total capital account 124,220.33 T o ta l ...... $1,275,063.46 T o ta l ...... $1,275,063.46

PLANTERS & MERCHANTS BANK, GILLETT Population 1,000 Arkansas County Chartered January 13, 1967 P. O. Box 515 Telephone Number 548-2329 Zip Code 72055 O ffice rs D ire cto rs W. W. Turner ...... Pres., Chairman W. W. Turner Darrel Nichols Keneth Smith ...... Vice Chairman Keneth Smith W. P. Hackney Patrick McKay .... Exec. Vice Pres. Patrick McKay Herbert Holzhauer & C ashier M u rl L o n g Dorothy Smith ...... Asst. Cashier Frank C. Wolfe

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 293,637.30 Demand deposits ...... $ 742,695.15 U. S. Gov’t obligations 246,117.00 Time deposits ...... 767,334.02 Other bonds & U. S. Gov’t deposits ... 24,283.16 securities ...... 145,653.52 Public funds ...... 165,480.89 Excess funds sold Deposits of banks ...... 6,224.78 (F e d e ra l) ...... 100,000.00 Total deposits ...... 1,706,018.00 Loans & discounts ...... 1,195.837.60 Capital stock ...... 150,000.00 Fixed assets ...... 77,111.95 Surplus ...... 115,000.00 Other assets ...... 5,024.59 Undivided profits ...... 84,842.79 Reserves ...... 7,521.17 Total capital account 357,363.96 Total ...... $2,063,381.96 Total ...... $2,063,381.96 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 57

BANK OF GLENWOOD, GLENWOOD Population 1,145 Pike County Chartered December 27, 1912 P. O. Box “O” Telephone Number 356-2121 Zip Code 71943 Officers Directors H. H. Duke ...... President H. H. Duke, Chairman Ronald C. Duke ...... Vice Pres. Ronald C. Duke, Secretary & Cashier Eugene L. Roberts H. H. Gardner ...... Vice Pres. Ross Wilhite Doris Hutchings .... Asst. Vice Pres. Victor H. Cox Verna Moore ...... Asst. Cashier David Ewing Q. Byrum Hurst H. H. Gardner

STATEMENT AS OF JUNE 30, 1970 A ssets liabilities Cash & due from banks $ 959,536.65 Demand deposits ...... $1,710,159.17 U. S. Gov’t obligations 840,032.50 Time deposits ...... 1,894,646.06 Other bonds & U. S. Gov’t deposits .... 5,178.69 securities ...... 172,225.88 Public funds ...... ____ 36,749.46 Loans & discounts ...... 2,058,026.92 Total deposits ...... 3,646,733.38 Fixed assets ...... 504.00 Capital stock ...... 100,000.00 Other real estate ...... 1.00 Surplus ...... 110,000.00 Other assets ...... 1.00 Undivided profits ...... 117,055.25 R eserv es ...... ____ 56,539.32 Total capital account _383,594.57 T o ta l ...... $4,030,327.95 T o ta l ...... $4,030,327.95

FIRST STATE BANK, GOULD Population 1,600 Lincoln County Chartered January 6, 1964 P. O. Box “A” Telephone Number 263-4325 Zip Code 71643 Officers Directors Howard H olthoff ...... President Boscoe Blagg Howard Holthoff Harold H. Reid .... Exec. Vice Pres. W. J. Boren Carl Knight Mary L. Nolan ...... Cashier W. H. Carder B. B. MeCool Carolyn S. Knight ...... Asst. Cashier Don Eifling Harry Norris Evelyn Gatlin ...... Asst. Cashier T. M. Fish H. R. Wood, Jr. T. H. Free, Jr. Harold H. R eid

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities C ash & due from banks $ 418,335.40 Demand deposits ...... $1,312,767.90 U. S. Gov’t obligations .. 399,300.00 Time deposits ...... 1,458,173.89 Other bonds & U. S. Gov’t deposits ...... 33,438.67 securities ...... 255,516.84 Public funds ...... 300,470.31 Excess funds sold Total deposits ...... 3,104,850.77 (F e d e r a l) ...... 100,000.00 Other liabilities ...... 36,201.77 Loans & discounts ...... 2,278,679.73 Capital stock ...... 100,000.00 Fixed assets ...... 91,256.03 Surplus ...... 200,000.00 Other real estate ...... 3,116.25 Undivided profits ...... 73,358.32 Other assets ...... 297.95 R eserv es ...... 32,091.34 Total capital account.. 405,449.66 Total $3,546,502.20 Total ...... $3,546,502.20 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 58 State of Arkansas: Bank Department

BANK OF GRAVETT. GRAVETTE Population 1,000 Benton County Chartered February 28, 1898 Telephone Number 787-3401 Zip Code 72736 Officers Directors J. T. Edmondson, Jr...... P re sid e n t J. T. Edmondson, Jr. John R. Meade Exec. Vice Pres. John R. Meade Stokes Ballard ....V, Pres. & Cashier Stokes Ballard C. E. M cAllister .... Vice President C. E. McAllister Eva Ballard ...... Asst. Cashier Allen McAllister Phillip Chastain

STATEMENT AS OF JUNE 30. 1970 A ssets T-iahilftiAg Cash & due from banks $ 977,859.59 Demand deposits ...... $2,786,887.39 U. S. Gov’t obligations.. 560,606.63 Time deposits ...... 3,098,734.83 Other bonds & U. S. Gov’t deposits ..... 81,903.24 securities ...... 1,629,120.00 Public funds ...... - ..... 120,47817 Loans & discounts ...... 3,549,395.75 Total deposits...... 6,088,003.73 Fixed assets ...... 23,410.04 Capital stock ...... 100,000.00 Other real estate ...... 1.00 Surplus ...... 100,000.00 Other assets ...... 2,968.80 Undivided profits ...... 410,510.96 R e se rv e s ...... 44,847.22

TotalJLwtHQLJ, capital vCXJL waccount- v V V V m f c . . V655,358.18 V V | V w w ( JL T o ta l ...... $6,743,361.81 Total ...... $6,743,361.81

FARMERS BANK, GREENWOOD Population 2,016 Sebastian County Chartered August 7, 1907 P. O. Box 1088 Telephone Number 996-4171 Zip Code 72936 Officers Directors Means Wilkinson ...... President Means Wilkinson Betty W ilkinson ...... Vice President Betty Wilkinson W. H. Lew is ...... Vice President W. H. Lewis Lorene Carnes ...... C a sh ier John M. Terry Mattie W ard ...... Assistant Cashier B. E. Andrews

STATEMENT AS OF JUNE 30. 1970 A ssets Li&btliiies Cash & due from banks $ 589,299.72 Demand deposits ...... $2,015,144.95 U. S. Gov’t obligations.. 1,209,578.77 Time deposits ...... 2,857,260.50 Other bonds & U. S. G ov’t deposits...... 21,051.73 securities ...... 1,327,457.57 Public funds ...... - 376,368.21 Excess funds sold Total deposits ...... 5,269,825.39 (F e d e r a l) ...... 1,250,000.00 Capital stock ...... 150,000.00 Loans & discounts ...... 1,319,543.09 Surplus ...... 200,000.00 Fixed assets ...... 85,600.00 Undivided profits ...... 162,430.71 Other assets ...... 7,796.33 Reserves ...... - _____ 7,019.38

TotalJLwwCIJL VvOjMfJLvC*Jkcapital account- C*V«V*W ******. •

THE FIRST BANK, GRIFFITHVILLE Population 172 White County Chartered November 6, 1905 P. O. Box 55 Telephone Number 323-4511 Zip Code 72060 Officers Directors Truman Baker ...... P resid en t Truman Baker E. O. Yancey ...... Vice President E. O. Yancey E. D. Yancey ...... Vice President E. D. Yancey Joyce D. Straughn ...... C ash ier M. O. Thompson M. O. Thompson

STATEMENT AS OF JUNE 30, 1970 A ssets T.iwMiiff— Cash & due from banks..$120,975.29 Demand deposits ...... $407,659.87 U. S. Gov’t obligations. .. 275,731.75 Time deposits ...... 158,104.36 Excess funds sold U. S. Gov’t deposits ...... 800.00 (F e d e r a l) ...... 75,000.00 Public funds ...... 46,200.00 Loans & discounts ...... 254,082.29 Deposits of banks ...... 20,000.00 Fixed assets ...... 2,681.00 Total deposits ...... 632,76423 Capital stock ...... 25,000.00 Surplus ...... 25,000.00 Undivided profits ...... 43,706.10 R eserv es ...... 2,000.00 TotalJL vvul capital MU. OVvVMl*Vaccount .... 95,706.109V)9 Wt*V T o ta l ...... $728,470.33 Total ...... IT 7 2 p 7 0 J 3

CLARK COUNTY BANK, GURDON Population 2,400 Clark County Chartered August 4 1900 P. O. Box 10 Telephone Number 353-2534 Zip Code 71743 O fficers D irectors P. M. Rudolph ...... President C. W. Abrams, Chairman Clayton Franklin ...... Cashier & Dick Jackson Jimmy Robbs Vice President E. H. Frizzell Maurice Stricklin J o y W h ite ...... Asst. Cashier A. A. Home J. E. McMillan Charles Shaver ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets T.lwW Ii^of Cash & due from banks $ 406,088.38 Demand deposits ...... $1,347,372.22 U. S. Gov’t obligations.. 308,210.98 Time deposits ...... 1,643,948.14 Other bonds & U. S. G ov’t deposits...... 7,147.65 securities ...... 543,558.17 Public funds ...... 171,373.58 Loans & discounts ...... 2,366,873.08 Total deposits ...... 3,169,841.59 Fixed assets ...... 24852.20 Other liabilities ...... 74,112.72 Other assets ...... 3,225.10 Capital stock ...... 100,000.00 Surplus ...... 200,000.00 Undivided profits ...... 93,366.39 Reserves ...... 15,487.21 Total capital account.. 408,853.60 Total ...... $3,652,807.91 Total ...... 3,652,807.91

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 60 State of Arkansas: Bank Department

FAHMERS BANK, HAMBURG Population 3,100 Ashley County Chartered March 10, 1941 P. O. Box 350 Telephone Number 853-5222 Zip Code 71646 O fficers D irectors W. E. Foote ...... P re sid e n t P. E. Barnes Earl J. Scott ...... Vice President F. P. Blanks W. E. Foote, J r...... Asst. Vice Pres. Bruin L. Campbell Louie G. Foote .... Exec. V. President Lloyd Engelkes Oliver Q. Couey .... Asst. Exec. Vice Louie G. Foote P re sid e n t W. E. Foote Allen Farmer ...... C a sh ier W. E. Foote, Jr. Leroy Higginbotham George E. Locke Bennie Ryburn Earl J. Scott Searcy W ilcoxon, Jr. STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 572,778.06 Demand deposits ...... $1,852,067.60 U. S. Gov’t obligations ..$ 220,011.04 Time deposits ...... 2,882,613.51 Other bonds & U. S. Gov’t deposits .... 7,614.30 securities ...... 1,298,085.82 Public funds ...... _.___ 354,353.92 Loans & discounts ...... 3,557,926.25 Total deposits ...... $5,096,649.33 Fixed assets ...... 52,222.63 Other liabilities ...... 137,756.09 Other real estate ...... 10,739.25 Capital stock ...... 100,000.00 Other assets ...... 544.44 Surplus ...... 250,000.00 Undivided profits ...... 108,930.78 R eserv es ...... 18,971.29 Total capital account.. 477,902.07 T o ta l ...... $5,712,307.49 T o ta l ...... $5,712,307.49

CALHOUN COUNTY BANK, HAMPTON Population 1,210 Calhoun County Chartered October 26, 1906 P. O. Box 8 Telephone Number 798-2208 Zip Code 71744 Officers Directors Searcy Harrell ...... P re sid e n t Hubert J. Brown E. C. Johnston Len Harrell ...... Vice President Fay Harrell A. G. Tomlinson Mary H. Johnston ...... C a sh ier Len Harrell D. W. Wells Hazel B. Sm ith ...... Asst. Cashier Searcy Harrell

e«p» TPlfPM T AC! WP <|> mmt 1 JuJVlJbtjtt 1 aklhS} OF JUNE 30. 1970 A ssets Inabilities Cash & due from banks $ 472,185.13 Demand deposits ...... $1,561,219.77 U. S. Gov’t obligations.. 669,041.25 Time deposits ...... 1,631,822.64 Other bonds & U. S. Gov’t deposits ...... 38,217.77 securities ...... 1,332,855.38 Public funds ...... 450,889.99 Loans & discounts ...... 1,701,633.67 Total deposits ...... 3,682,150.17 Fixed assets ...... 126,224.40 Capital stock ...... 50,000.00 Surplus ...... 300,000.00 Undivided profits ...... 155,558.52 Reserves ...... 114,231.14 Total capital account . 619,789.66 Total ...... $4,301,939.83 Total ...... $4,301,939.83 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 61

THE BANK OF HARRISBURG. HARRISBURG Population 1,986 Poinsett County Chartered December 2, 1930 P. O. Box 87 Telephone Number 578-5427 Zip Code 72432 Officers Directors R. W. Butler...... President R. W. Butler Horace S. Smith .... Exec. Vice Pres. Horace Smith Jim Tom Butler . Vice President Jim Tom Butler James Williams ...... C a sh ier Mrs. Anna M. Butler Mrs. Doris H. Smith .. Asst. Cashier J. P. Hubbard STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities C ash & due from banks $ 724,665.03 D em and d e p osits ... $2,392,417.35 U. S. Gov’t obligations.. 739,591.37 Time deposits ...... 3,469,860.01 Other bonds & U. S. Gov’t deposits 35,168.96 securities ...... 1,180,745.99 Public funds ...... 303,286.28 L oa n s & discounts ...... 4,223,535.10 Deposits of banks ___33,537.53 Fixed assets ...... 72,907.12 T o ta l d ep osits ... 6,234,270;i3 Other real estate ...... 2.00 Capital stock ...... 100,000.00 Other assets ...... 302.07 S u rplu s ...... 300,000.00 Undivided profits 229,620.25 R eserv es ...... 77,858.30 Total Capital Account 707,478.55 T o ta l ...... $6,941,748.68 T o ta l ...... $6,941,748.68

THE SECURITY BANK. HARRISON Population 7,015 Boone County Chartered November 20, 1931 P. O. Box 1078 Telephone Number 365-8201 Zip Code 72601 O ffice rs D irectors F. L. Coffman, Sr. .. Pres, and Chief Roy L. Baker, Jr., Chairman Exec. Officer Roy L. Baker, Sr. E. R. Tims ...... Exec. Vice Pres. Wm. W. Christeson, MJD. BiE O. Watts ...... Vice President F. L. Coffman, Sr. Wallace E. Nickels ...... Vice Pres. L. E. Durand & Farm Representative David Heuer Phil Travis ...... C ash ier Garvin Fitton Gene Waters ...... A u d ito r W. O. Newton Jimmie Yarbrough .... Asst Cashier Jim Tilley Richard McBee ...... Asst. Cashier E. R . T im s & Data Processing Mgr. STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 2,443,618.63 Demand deposits ...... $ 7,259,747.95 U. S. Gov’t obligations 1,781,337.88 Time deposits ...... 8,332,156.84 Other bonds & U. S. Gov’t deposits .. 279,183.78 securities ...... 2,662,515.24 Public funds ...... 769,580.29 Loans & discounts ..... 11,612,151.27 Deposits of banks ...... 331,005.11 Fixed assets ...... 404,728.90 Total deposits ...... 16,971,673797 Other real estate ...... 1.00 Other liabilities ...... 201,871.52 Other assets ...... 445,286.27 Capital notes & deb’t., 700,000.00 Capital stock ...... 450,000.00 Surplus ...... 550,000.00 Undivided profits ..... 359,494.08 R eserv es ...... 116^5^.62 Total capital account 2,176,093.70 Total $19,349,639.19 Total ...... $19,349,639.19

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 62 State of Arkansas: Bank Department

PRAIRIE COUNTY BANK, HAZEN Population 1,480 Prairie County Chartered July 17, 1945 Telephone Number 255-4525 Zip Code 72064 O fficers D ire cto rs J. J. Sereeton ...... P resid en t J. J. Sereeton Eagle Boyd, Jr...... Vice President Eagle Boyd, Jr. James E. Sparks ..... Exee. V. Pres. James E. Sparks Grace O. Stallings ...... C ash ier J. W. Crigger Helen C. Tull ...... Asst. V. Pres. M. V. Rhodes Melba Stine ...... Asst. Cashier STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 543,758.34 Demand deposits ...... $1,751,266.67 U. S. Gov’t obligations 696,743.00 Time deposits ...... 1,888,516.70 Other bonds & U. S. Gov’t deposits .... 29,811.84 securities ...... 1,187,108.68 Public funds ...... 342,174,43 Loans & discounts ...... 1,963,549.28 Total deposits ...... 4,011,769.64 Fixed assets ...... 44,075.36 Other liabilities ...... 7,614.29 Other assets ...... 10,745.68 Capital stock ...... 75,000.00 Surplus ...... 150,000.00 Undivided profits ...... 164,845.95 Reserves ...... 36,750.46 Total capital account 426,596.41 T o ta l ...... $4,445,980.34 Total ...... $4,445,980.34

THE CLEBURNE COUNTY BANK, HEBER SPRINGS Population 2,500 Cleburne County Chartered December 16, 1930 Telephone Number 362-2456 Zip Code 72543 O ffice rs D ire cto rs Jerome Johnson ...... P resid en t Jerome Johnson Walter Aldridge .... V. Pres. & Cash. Walter Aldridge Sam Morton ...... Asst. Cashier Richie Lee Awin Hazelwood ...... Asst. Cashier L. E. Roberts Cynthia Witt ..... Sec. & Asst. Cash. R. W. Butler Juanita Taylor ...... Asst. Cashier Wetzel Stark Dan Verser ...... Asst. Cashier Dean Cothren ...... Asst. Cashier Dale Deekard ...... Asst. Cashier Jimmy Davis ...... Asst. Cashier STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $1,074,444.27 Demand deposits ...... $2,658,942.54 U. S. Gov’t obligations 970,617.50 Time deposits ...... 3,940,824.02 Other bonds & U. S. Gov’t deposits .. . 14,983.07 securities ...... 1,000,427J8 Public funds ...... 234,160.09 Loans & discounts ...... 4,251,099.68 Total deposits ...... 6,848,909.72 Fixed assets ...... 70,573.05 Capital stock ...... 120,000.00 Other real estate ...... 1.00 Surplus ...... 100,000.00 Undivided profits ...... 256,616.41 Reserves ...... 41,636.75 Total capital account 518,253.16 Total ...... $7,367,162.88 Total ...... $7,367,162.88'

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 63

GUARANTY LOAN & TRUST CO., HELENA (Not Engaged in Commercial Banking) Population 12,000 Phillips County Chartered February 9, 1910 P. O. Box 219 Telephone Number 338-3032 Zip Code 72342 O fficers D irectors D. Moore ...... President D. Moore W. G. Dinning, Jr. C. E. Mayer ...... Vice. President C. E. Mayer C. L. McKelvy ...... S ecreta ry H. J. McCarty H. H. White ...... T rea su rer S. H. Hurst

STATEMENT AS OF JUNE 30. 1970

A ssets Liabilities Cash & due from banks ....$ 35,441.51 Demand deposits, Trust $ 35,519.44 U. S. Gov’t obligations .. 500.00 Total deposits ...... 35,519.44 Other bonds & Other liabilities ...... 9,519.17 securities ...... 3,500.00 Capital stock ...... 50,000.00 L oa n s & discounts ...... 104,048.16 Surplus ...... 30,000.00 Fixed assets ...... 1,500.00 Undivided profits ...... 26,063.06 Other assets ...... 6,112.00 Total capital account 106,063.06 T o ta l ...... $151,101.67 T o ta l ...... $151,101.67

THE VALLEY BANK, HINDSVILLE Population 250 Madison County Chartered November 8, 1907 P. O. Box 36 Telephone Number 789-2411 Zip Code 72738 O fficers D irectors Adry GaskiE ...... P resid en t Tom Hargis, Chairman Cecil F. Fitch, Jr...... Vice Pres. Adry Gaskill Lloyd A. Linebarger ...... C ashier Cecil F. Fitch, Jr. & Sec. of Board Lloyd A. Linebarger James M. Hargis Wm. B. Bunch

STATEMENT AS OF JUNE 30, 1970

A ssets Liabilities Cash & due from banks $ 232,853.28 Demand deposits ...... $ 509,694.65 U. S. Gov’t obligations 461,959.50 Time deposits ...... 505,769.27 Loans & discounts ...... 400,517.13 U. S. Gov’t deposits 670.00 Fixed assets ...... 2,199.19 Public funds ...... 7,800.00 Total deposits ...... 1,023^933.92 Capital stock ...... 25,000.00 Surplus ...... 10,000.00 Undivided profits ...... 32,539.67 R eserv es ...... 6,055.51 Total capital account 73,595.18 T otal . $1,097,529.10 Total ...... $i,097'529.ld

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 64 State of Arkansas: Bank Department

BANK OF HOLLY GROVE, HOLLY GROVE Population 672 Monroe County Chartered March 12, 1903 P. O. Box “N” Telephone Number 462-3331 Zip Code 72069 Officers Directors John B. Moore, Jr...... P resid en t John S. Calloway J. F. Phillips, Jr. J. F. Phillips, Jr.... Exec. Vice Pres. Mrs. J. I. Matthews Elizabeth C. R eid ...... Cashier R. H. Mayo Patsy C. Richardson .... A sst Cashier John B. Moore, Jr.

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 507,619.53 Demand deposits ...... $1,230,515.26 U. S. Gov’t obligations.. 1,752,537.50 Time deposits ...... 1,602,194.62 Other bonds & U. S. Gov’t deposits ..... 22,087.39 securities ...... 391,804.25 Public funds ...... 331,760.28 Loans & discounts ...... 1,046,760.40 Total deposits ...... 3,186,557.55 Fixed assets ...... 9,743.74 Capital stock ...... 60,000.00 Other assets ...... 332.00 Surplus ...... 190,000.00 Undivided profits ...... 255,161.00 Reserves ...... 17,078.87 Total capital account.__ 522,239.87 T o ta l ...... $3,708,797.42 Total ...... 3,708,797.42

HORATIO STATE BANK, HORATIO Population 800 Sevier County Chartered May 15, 1905 P. O. Box 347 Telephone Number 832-3211 Zip Code 71842 Officers Directors Carl E. Hendrix, S r.. .Chmn. & Pres. Carl E. Hendrix, Sr. Carl E. Hendrix, Jr. ...Exec. V. Pres. Carl E. Hendrix, Jr. Edith Hendrix Smith ..... V . P res. & Edith Hendrix Smith S e cre ta ry Flynn Justus Flynn Justus ..... Vice Pres. & Mgr. J. E. Baugh Dierks Tellers Window Dr. Rodger Dickinson Wilburn Sm ith ...... C a sh ier Fred Sharp Mrs. Carl E. Hendrix, Sr... Asst Vice M. T. Wilson P resid en t F. R. Ethridge

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 786,547.05 Demand deposits ...... $3,489,443.59 U. S. Gov’t obligations . 1,564,016.89 Time deposits ...... 3,029,420.23 Other bonds & U. S. G ov’t deposits...... 8,862.50 securities ...... 1,330,901.16 Public funds ...... 372,279.95 Excess funds sold Total deposits ...... 6,900,006.27 (F e d e r a l) ...... 500,000.00 Capital stock ...... 100,000.00 Loans & discounts ...... 3,245,078.88 Surplus ...... 200,000.00 Fixed assets ...... 50,882.21 Undivided profits ...... 249,469.71 Reserves ...... 27,950.21 Total capital account.. 577,4i9.92 Total ...... $7,477,426.19 Total ...... $7,477,426.19

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 65

ARKANSAS BANK & TRUST COMPANY, HOT SPRINGS Population 37,000 Garland County Chartered April 18, 1907 P. O. Bo: c640 Telephone Number 624-4611 Z ip C od e 71901 O fficers D ire cto rs Cecil W. Cupp .. Chairman of Board Floyd L. Thompson Cecil W. Cupp, Jr...... P resid en t Clarence J. Homer Norton Meek ...... Exec. Vice Pres. Edmond M. Thrash Robert E. Jones ...... Sr. Vice Pres. Norton Meek Ray L. Cash ...... Sr. Vice President Hill A. Wheatley Mort S. C ox ...... Vice President Albert M. Guiee H. G. Gasbarre ...... Vice President Walter P. Kleinman J. L. Jones ...... Vice President Cecil W. Cupp Palmer Vanderburg ..V ice President Cecil W. Cupp, Jr. & A u d ito r Ray S. Smith, Jr. Charles L. Fager, Jr. Vice President Ray L. Cash & Trust Officer Robert E. Jones F. L. Baldwin ...... C a sh ier J. O. Brown Asst. Vice President Eldon Sprague... Asst. Vice President Glen Wilson .... Asst. Vice President Gene Parker ...... Trust Officer Doris Cammack ...... Asst. Cashier Frank Camathan ...... Asst. Cashier Loyd Emerson ...... Asst. Cashier Debert Graves ...... Asst. Cashier Carl Hardage ...... Asst Cashier Mahlon Grigsby ...... Asst. Cashier Dale Hoggard ...... Asst. Cashier Louise H ulsey ...... Asst. Cashier Jerry Thompson ...... Asst. Cashier Dorothy W all ...... Asst. Cashier Ralph E. W hite ...... Asst. Cashier Jo Ann Bass ...... Asst. Trust Officer Velzene Wilson .. Asst. Trust Officer

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 7,135,698.33 Demand deposits ...... $18,299,260.00 U. S. Gov’t obligations 4,957,278.67 Time deposits ...... 22,176,100.34 Other bonds & U. S. G ov’t deposits...... 301,379.96 securities ...... 9,116,789.59 Public funds ...... 1,848,869.44 Excess funds sold Deposits of banks ...... 116,500.00 (F e d e r a l) ...... 1,400,000.00 Total deposits ...... 42,742,109.74 Loans & discounts ...... 23,575,674.93 Other liabilities ...... 1,054,217.88 Fixed assets ...... 918,983.99 Capital stock ...... 900,000.00 Other real estate ...... 4,084.33 Surplus ...... 1,000,000.00 Other assets ...... 391,295.32 Undivided profits ...... 1,329,404.01 R eserv es ...... 474,073.53 Total capital account 3,703,477.54 T o ta l ...... $47,499,805.16 Total ...... $47,499,805.16

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 66 State of Arkansas: Bank Department

FIRST JACKSONVILLE BANK. JACKSONVILLE Population 20,000 Pulaski County- Chartered August 2, 1949 P.O .Box427 Telephone Number 982-2113 Zip Code 72076 Officers Directors Kenneth Pat Wilson ...... P resid en t B. Fred Thompson, Chairman Melda A. Rice ...... Vice President Harry K. Dougherty Ronald G. Williams ...... C ash ier Bartus M. Gray Sibyl H. Adams ...... Asst. V. Pres. Carl A. Williams Joyce R. Hester .... Asst. Vice Pres. Kenneth Pat Wilson Mabel B. Williams ..... Branch Mgr. T. H. Wortham, M.D. Mary L. Dewey ...... Asst Cashier Mary Nell Elliott ..... Asst. Cashier James Gray ...... Loan Officer Jane C. H iE ...... Asst. Cashier Jean Greer ...... Branch Mgr. STATEMENT AS OF JUNE 30, 1970 A ssets IJahilitiBg Cash &due from banks $2,851,714.18 U. S. Gov’t obligations 533,094.11 Demand deposits ...... $ 7,002,749.38 Other bonds & Time deposits ...... 4,474,462.74 securities ...... 2,205,505.13 U. S. Gov’t deposits .. 404,093.53 Excess funds sold Public funds ...... 1,296,627.52 (F e d e ra l) ...... 1,000,000.00 Total deposits ...... 13,177,933.17 Loans & discounts ..... 8,574,595.08 Other liabilities ...... 333,907.52 Fixed assets ...... 196,877.10 Capital stock ...... 300,000.00 Other assets ...... 425.00 S u rplu s ...... 700,000.00 Undivided profits ...... 357,704,76 Reserves ...... 192,665.15 Total capital account 1,550,369.91 T o ta l ...... $15,062,210.60 Total ...... $15,062,210.60

NEWTON COUNTY BANK. JASPER P o p u la tio n 410 .STewton C ou n ty Chartered March 24, 1903 P. O. Box 7 Telephone Number 446-2211 Zip Code 72641 Officers Directors L. W. Nance ...... P resid en t L. W. Nance J. W. Waters Alta Gorden ...... Vice President Alta Gorden Joe C. Nance ...... Vice President Joe C. Nance Joe T. Phillips ...... Asst Cashier Helen Nance STATEMENT AS OF JUNE 30. 1970 A ssets TiaKillfiAg Cash & due from banks $ 407,135.34 Demand deposits ...... $1,275,414.23 U. S. Gov’t obligations 176,037.90 Time deposits ...... 1,253,920.30 Other bonds & U. S. Gov’t deposits .... 12,215.25 securities ...... 911,621.64 Public funds ...... 248,994.03 Loans & discounts ...... 1,491,503.46 Total deposits ...... 2,790,543.81 Other assets ...... 4,987.50 Capital stock ...... 50,000.00 Surplus ...... 150,000.00 Undivided profits ...... 50,686.16 Reserves ...... ____ 6,867.34 Total capital account 257,553.50 Total ...... $3,048,097.31 Total ...... $3,048,097.31

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 67

BANK OF NETTLETON, JONESBORO Population 27,000 Craighead County Chartered February 13, 1904 P.O .B ox2218 Telephone Number 932-2131 Zip Code 72401

O ffice rs D ire cto rs L. D. Walker ...... P resid en t Robert C. Connor Retha Schisler ...... Vice President Robert H. Holt R. E. Thomas ...... C ashier Mrs. Lyle D. Kiech Lucille Cowell ...... Asst. Cashier J. A. Tomlinson L. D. Walker Gerald G. Watkins G. D. Wisdom, M. D.

STATEMENT AS OF JUNE 30, 1970 A ssets T.iaKilitipg Cash & due from banks $ 594,148.32 Demand deposits ...... $1,839,620.96 U. S. Gov’t obligations 649,932.05 Time deposits ...... 3,035,515.71 Other bonds & U. S. Gov’t deposits .... 8,707.89 securities ...... 652,624.60 Public funds ...... 742,054.79 Loans & discounts ...... 4,151,137.51 Total deposits ...... 5,625,899.35 Fixed assets ...... 84,383.11 Capital stock ...... 200,000.00 Other real estate ...... 10,869.12 Surplus ...... 252,500.00 Undivided profits ...... 33,482.93 Reserves ...... 31,212.43 Total capital account 517,195.36 T o ta l ...... $6,143,094.71 T o ta l ...... $6,143,094.71

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis m State of Arkansas: Bank Department

CITIZENS BANK, JONESBORO Population 27,000 Craighead County Chartered July 25, 1919 P.O.Box 1090 Telephone Number 932-6603 Zip Code 72401 Officers Directors Herbert H. McAdams .... Board Ch. Dr. Glen F. Baker & Pres. J. W. Crafton Eugene B. Smith.. Asst, to the Pres. John C. Deacon M. S. Rubenstein ...... 1st V. Pres. W . O . D oa k Curtis V. McKinney .... Sr. V. Pres. Sid Frier Donald Timms ...... V. Pres. Paul Johnston Major W. Griffin ...... V. Pres. Herbert H. McAdams J. Hardy Little ...... V. Pres. Minor M. Markle Jack Jarrett ...... V. Pres. & T. O. Joe N. Martin Bumus Payne ...... T ru st O ffic e r Oscar J. Melton James C. Moser ...... Trust Officer W. D. Roberts, Jr. Wilburn J. Cole ...... C a sh ier T. J. Robertson Walter A. DeRoeek Oper. Off. M. S. Rubenstein Robert C. Connor .... Cor. Bank Off. Dr. Paul T. Stroud Fred E. Dacus ...... Com. Loan Off. Eugene T. Clayton ...... A u d ito r Mm. Jewell Jordan .... Asst. V. Pres. Kennith Adams ...... M an ager Lake City Office Charles D. Campbell .. Farm Loan O ffic e r Max Moore .. Mgr., Inst Loan Dept. Mrs. Marguerite Culver .... Per. Off. Joe Shumaker ...... Instalment Loan Officer Jeriel Summitt ...... Loan Officer B o b W im p y ...... F arm R ep . Mrs. Avalee Dickson .... Asst. Cash. Mis. Gladys KinsaH ..... A s s t C ash. Mrs. Betty Bodell ...... Instalment Loan Officer

STATEMENT AS OF JUNE 30, 1970 A ssets LtabiU fies Cash & due from banks $ 6,010,364.34 Demand deposits ...... $12,829,033.97 U. S. Gov’t obligations 2,211,035.62 Time deposits ...... 16,374,447.25 Other bonds & U. S. Gov’t deposits .. 346,487.00 securities ...... 6,351,872.49 Public funds ...... 4,738,367.43 Excess funds sold Deposits of banks ...... 3,952,246.67 (F e d e ra l) ...... 3,600,000.00 Total deposits ...... 38,240,582.32 Loans & discounts ..... 23,903,154.18 Excess funds Fixed assets ...... 654,794.55 p u rch a sed ...... 1,100,000.00 Other assets ...... 919,962.12 Otiier EabiEties ...... 785,125.79 Capital notes & deb’t 400,000.00 Capital stock ...... 1,000,000.00 Surplus ...... 1,370,000.00 Undivided profits ..... 374,377.40 Reserves ...... 381,097.79 Total capital account 3,525,475.19 Total ...... $43,651,183.30 T o ta l ...... $43,651,183.30

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 69

MERCANTILE BANK, JONESBORO Population 27,000 Craighead County Chartered January 7, 1932 P. O. Box 610 Telephone Number 935-5521 Zip Code 72401 Officers Directors Chas. Frierson ...... President Joe C. Barrett Nathan Deutsch .. Exec. Vice Pres. Nathan Deutsch George F. Delaney, Jr...... V . P res. W. M. Freeze, Jr. Edward H. Cherry ...... V . P res. C. D. Frierson R. W. Higginbotham ...... V . P res. Charles Frierson, III Carey Smith ...... V . P res. George Heinemann Roland Hughes ...... V . P res. A. M. Heringer, Jr. Naomi Craft ...... V . P res. Alan Patteson, Jr. Earl Gairhan ...... V . P res. M. O. Peeler, M. D. & Farm Repr. S. L. Simpson Charles O. Ripley ...... V . P res. James E. Sloan Hebert J. Parker ...... V . P res. Norman Leonard ...... C ash ier Betty Pittman ...... Asst. Cashier Alberta Dickson ...... Asst Cashier Louise Beasley ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1370 A ssets Liabilities Cash & due from banks $ 3,888,049.66 Demand deposits ...... $10,040,927.76 U. S. Gov’t obligations 1,939,344.06 Time deposits ...... 14,061,617.63 Other bonds & U. S. Gov’t deposits .... 404,772.77 securities ...... 5,440,311.08 Public funds ...... 2,960,061.05 Excess funds sold Deposits of banks ..... 111,900.96 (F e d e ra l) ...... 500,000.00 Total deposits ...... 27,579,280.17 Loans & discounts ..... 18,107,159.73 Capital notes & deb’t 200,000.00 Fixed assets ...... 714,587.14 Capital stock ...... 600,000.00 Other real estate ...... 24,421.28 Surplus ...... 1,000,000.00 Other assets ...... 30,998.19 Undivided profits ...... 1,167,805.91 R eserv es ...... 97,785.06 Total capital account 3,065,590.97 T o ta l ...... $30,644,871.14 T o ta l ...... $30,644,871.14

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 70 State of Arkansas: Bank Department

FABMEBS & MEBCHANTS BANK, JUDSONIA Population 1,470 White Counly Chartered May 29, 1913 P. O. Box I Telephone Number 729-3329 Zip Code 72081 Officers Directors E. O. Yancey ...... P resid en t E. O. Yancey C. I. Stevens...... Exec. Vice Pres. C. I. Stevens J. Herbert Graves ...... Vice. Pres. J. Herbert Graves J. E. Emfinger ...... Cashier Elmer Dale Yancey Thelma M. Stevens .... Asst. Cashier Iinda Britton ...... Bookkeeper J u d y G ra y ...... Asst. Bookkeeper Geneva lialey ...... Teller Odessa Wiggs ...... Teller Kathie Schlem ...... S e cre ta ry Joan Kirk ...... Secretary

a w m. »i»P*fgim»iw « a 2} X X X «nL2$ OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks 356,224.54 Demand deposits ...... $1,128,177.74 U. S. Gov’t obligations 787,045.00 Time deposits ...... 451,152.67 Other bonds & U. S. Gov’t deposits .... 19,721.61 securities ...... 186,840.39 Public funds ...... 87,586.82 Loans & discounts ...... 593,054.34 Deposits of banks ...... 15,679.90 Fixed assets ...... 32,715.50 Total deposits ...... 1,702,318.74 Other assets ...... 1.00 Other liabilities ...... 3,500.00 Capital stock ...... 35,000.00 Surplus ...... 115,000.00 Undivided profits ...... 95,997.63 Reserves ...... 4,064,40 Total capital account 250,062.03 Total ...... $1,955,880.77 Total ...... $1,955,880.77

UNION STATE BANK. JUNCTION CITY Population 2,300 Union County Chartered August 28, 1933 P. O. BoxF Telephone Number 924-2731 Zip Code 71749 Officers Directors Arthur L. Funderburk .... President Arthur Funderburk Carolyn Hamy ...... C a sh ier J. B. Allen Mary C. Jones ...... Asst. Cashier Alvin Green Veda P. Jones ...... Asst. Cashier Marshall Shackleford Peter J. Carroll, M D. T. N. Couch STATEMENT AS OF JUNE 30, 1970 A ssets T.iaMIHiaa Cash & due from banks 516,141.42 Demand deposits ...... $ 888,269.76 U. S. Gov’t obligations 289,613.00 Time deposits ...... 1,405,344.40 Other bonds & U. S. Gov’t deposits .... 18,191.67 securities ...... 19,542.55 Public funds ...... 171,304.98 Loans & discounts ...... 2,015,146.07 Deposits of banks ...... 96,000.00 Fixed assets ...... 55,712.71 Total deposits ...... 2,579,110.81 Other real estate ...... 33,472.66 Capital stock ...... 200,000.00 Other assets ...... 8,178.53 S u rplu s ...... 100,000.00 Undivided profits ...... 58,696.13 Total capital account 358,696.13 Total ...... $2,937,806.94 Total ...... $2,937,806.94

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 71

BANK OF KENSETT, KENSETT Population 1,000 White County Chartered February 17, 1922 P.O .B ox356 Telephone Number 742-3312 Zip Code 72082 Officers Directors John H. Johnston ...... President John H. Johnston John H. Johnston, Jr. .... Vice Pres. John H. Johnston, Jr. Roger Q. Mills ...... Vice Pres. Roger Q. Mills Mrs. Thelma Roth ...... C ashier Mrs. Patsy Scott ...... Asst. Cashier

STATEMENT AS OF JUNE 30. 1970 A ssets LtabU ilies Cash & due from banks ..$169,883.34 Demand deposits ...... $615,367.68 U. S. Gov’t obligations .... 96,610.00 U. S. Gov’t deposits ...... 1,240.89 Other bonds & Public funds ...... ,...... 39,778.18 securities ...... 503,281.25 Total deposits ...... 656,386.75 Loans & discounts ...... 13,019.18 Capital stock ...... 50,000.00 fixed assets ...... ,...... 1,444.98 Surplus ...... 10,000.00 Other assets ...... 1.00 Undivided profits ...... 67,853.00 Total capital account .. 127,853.00 T o ta l ...... $784,239.75 Total ...... $784,239.75

BANK OF KINGSTON. KINGSTON Population 225 Madison County Chartered April 7, 1911 P. O. Box 37 Telephone Number 665-2125 Zip Code 72742 Officers Directors Tom Hargis ...... P resid en t Tom Hargis Wilson Bunch ...... Vice President Wm. B. Bunch & C ash ier Fred Evon Bunch Fred Evon Bunch ..... Asst. Cashier Wilson Bunch Ada B. McCracken

STATEMENT AS OF JUNE 30. 1970 Assets liabilities Cash & due from banks ..$115,479,62 Demand deposits ...... $313,995.53 U. §. Gov’t obligations .. 449,052.09 Time deposits ...... 363,444.98 Other bonds & U. S. Gov’t deposits ...... 310.00 securities ...... 22,960.75 Total deposits ...... 677,750.51 Loans & discounts 150,377.19 Capital stock ...... 10,000.00 Other real estate 3.00 Surplus ...... 20,000.00 Other assets ...... 1,604.94 Undivided profits ...... 29,727.08 R eserv es ...... 2,000.00 Total capital account .. 61,727.08 Total ... $739,477.59 Total ...... $739,477.59

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 72 State of Arkansas: Bank Department

BANK OF LAKE VILLAGE, LAKE VILLAGE Population 3,300 Chicot County Chartered October 14, 193? P. O. Box 72? Telephone Number 265-2241 Zip Code 71653 Officers Directors Douglas C. Wynn ...... President Sam Angel Ned Mazzanti ...... First Vice Pres. N. W. Bunker, Jr. Hermon Carlton .. Exec. Vice Pres. Dr. J. H. Burge R. Trafton Williams ...... Vice Pres. Hermon Carlton Margaret B. Wynn ...... Vice Pres. David Gillison, Sr. Dessie Lee Gibbs ...... Cashier Ned Mazzanti Joyce Bell ...... Auditor George Pine Rita Chandler ...... Asst. Cashier Linwood Smith & Secretary Douglas C. Wynn Mrs. Margaret B. Wynn STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 770,919.74 Demand deposits ...... $2,591,352.94 U. S. Gov’t obligations 762,912.50 Time deposits ...... 3,198,713.36 Other bonds & U. S. Gov’t deposits .... 49,010.06 securities ...... 2,243,151.24 Public funds ...... 559,409.49 Loans & discounts ...... 3,262,247.74 Deposits of banks ...... 9,025.12 Fixed assets ...... 99,771.50 Total deposits ...... 6,407,510.97 Other real estate ...... 41,000.00 Other liabilities ...... 38,034.21 Other assets ...... 27,145.50 Capital stock ...... 125,000.00 Surplus ...... 250,000.00 Undivided profits ...... 233,032.36 Reserves ...... 153,570.68 Total capital account 761,603.04 T o ta l ...... $7,207,148.22 T o ta l ...... ~$7“207,148.22 FIRST STATE BANK OF LAKE VILLAGE. LAKE VILLAGE Population 3300 Chicot County Chartered June 12, 1962 P. O. Box 271 Telephone Number 265-5366 Zip Code 71653 Officers Directors C. W. Tillman .... Chairman of Board Henry Anthony Fred M ichael...... P resid en t Herman Berkemeyer Henry Anthony ...... Vice President James R. Burchfield D. C. Burnside Jr...... Secretary O. C. Burnside Jr. Ben Floriani Jr...... C a sh ier W . H . D rew Christine Avery ...... Asst. Cashier J. P. Hampton Becky Brogdon ...... Asst. Cashier David Livingston Dr. Marvin Loyd Boyne Loyd Geno Mazzanti Jr. fYed Michael G. A. Norris Carl Powell W . M . S h aw C. W. Tillman STATEMENT AS OF JUNE 30, 1970 Assets T.iaKilitiag Cash & due from banks $ 391,942.77 Demand deposits ...... $1,174,179.15 U. S, Gov’t obligations 1,100,755.29 Time deposits ...... 2,420,121.13 Other bonds & U. S. Gov’t deposits ..... 25.091.46 securities ...... 964,516.98 P u b lic fu n d s ... 655-625.09 Loans & discounts ...... 2,166,586.38 Total deposits 4,275,016.83 fixed assets ...... 53,860.90 Capital stock .... 100,000.00 Other assets ...... 5,939.81 S u rp lu s ...... 240,000.00 Undivided profits 45.697.46 R e se rv e s ____ 22,887.84 Total capital account 408,585.30 Total ...... $4,683,602.13 T o ta l ...... $4,683,602.13

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 73

CITIZENS BANK OF LAVACA. LAVACA Population 600 Sebastian County Chartered May 5, 1910 P. O. Box 108 Telephone Number 674-2316 Zip Code 72941 O fficers D irectors James M. Llewellyn, Jr. .. President W. J. Echols M rs. N e lle B . L le w e lly n .. E xec. V . P . J. M. Llewellyn, Jr. Ronald Casey ...... Asst. V. Pres. N. B. Llewellyn & C ash ier

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & Due from banks $ 418,230.12 Demand deposits ...... $ 814,815.07 U. S. Gov’t obligations 537,619.47 Time deposits ...... 606,801.47 Other bonds & U. S. Gov’t deposits .... 1,958.02 securities ...... 3,000.00 Public funds ...... 302,065.83 Excess funds sold Total deposits ...... 1,725,640.39 (F e d e ra l) ...... 150,000.00 Capital stock ...... 30,000.00 Loans & discounts ...... 772,184.56 Surplus ...... 30,000.00 Fixed assets ...... 6,886.44 Undivided profits ...... 91,416.69 R eserv es ...... 10,863.51 Total capital account 162,280.20 Total ...... $1,887,920.59 Total ...... $1,887,920.59

LEACHVILLE STATE BANK. LEACHVILLE Population 2,000 Mississippi County Chartered December 18, 1950 P. O. Box 140 Telephone Number 539-6354 Zip Code 72438 O fficers D irectors J. Lee Bearden ...... P resid en t J. Lee Bearden Edna L Kennett ...... Exec. V. P. Nelson Henry & C a sh ier T. N. Rodman, M. D. Robert Lynn Bearden .. Asst. Cashier J. L. Swihart

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 348,521.82 Officers Checks ...... $ 1,795.14 U. S. Gov’t obligations 129,381.25 Demand deposits ...... 879,593.85 Other bonds & Time deposits ...... 927,499.60 securities ...... 1,607,345.67 U. S. Gov’t deposits ...... 59,707.25 Loans & discounts ...... 758,308.53 Public funds ...... 682,050.84 Fixed assets ...... 93,812.59 Total deposits ...... 2,550,646.68 Other real estate ...... 2.00 Other liabilities ...... 30,271.70 Other assets ...... 643.76 Capital stock ...... 100,000.00 Surplus ...... 150,000.00 Undivided profits ...... 87,632.92 Reserves ...... 19,464.32 Total capital account 357,097.25 Total . $2,938,015.62 Total ...... $2,938,015.62

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 74 State of Arkansas: Bank Department

L IT T L E R IV E R BANK, LEPANTO Population 1,585 Poinsett County Chartered November 21, 1918 P. 0. Box 340 Tetlephone Number 475-2306 Zip Code 72354 Officers Directors D. F. Portis ...... President D. F. Portis Clay Fortis J. C. Portis ...... Vice President J. C. Portis A. T. Bell ...... Vice President A. T. Bell Grady Watkins, Jr...... Exec. V. Pres. Grady Watkins, Jr. T. G. Thompson, Jr...... Cashier W. H. Cross, Sr. Will J. Reddick ...... Asst Cashier Wayne Eason

STATEMENT AS OF JUNE 30, 1970 A ssets Cash & due from banks $ 526,375.41 Demand deposits ...... $1,486,859.25 U. S. Gov’t obligations .. 602,531.25 Time deposits ...... 1,985,317.15 Other bonds & U, S. Gov’t deposits ...... 44,897.12 securities ...... 1,218,733.52 Public funds ...... 680,311.18 Loans & discounts ...... 2,688,201.68 Total deposits ...... 4,197,384.70 Fixed assets ...... 53,053.23 Capital stock ...... 200,000.00 S u rp lu s ...... 400,000.00 Undivided profits ...... 206,780.62 Reserves ...... 84,729.7? Total capital account 891,510.39 T o ta l ...... $5,088,895.09 Total ...... $5,088,895.09

LESLIE STATE BANK, LESLIE Population 560 Searcy County Chartered April 17, 1948 P. 0. Box 325 Telephone Number 447-2200 Zip Code 72645 Officers Directors J im T i l l e y ...... Chairman Jim Tilley L e x T re e e e H. C. Ormond ...... President H. C. Ormond Arthur J. Siegel ... Exec. Vice Pres. Arthur J. Siegel & Cashier Virgil Blair Helen McBride ...... Asst. Cashier R. G. Derickson Lex Treeee ...... Vice President Gilbert Patton

STATEMENT AS OF JUNE 30. 1970 Assets Liabilities Cash & due from banks $ 233,746.93 Demand deposits ...... $ 909,077.75 U. S. Gov’t obligations .. 813,581.06 Time deposits ...... 1,314,269.67 Other bonds & U. S. Gov’t deposits ..... 5,578.10 securities ...... 145,381.65 Public funds ...... 47,414.42 Loans & discounts 1,260,934.73 Total deposits ...... 2,276,339.94 Fixed assets ...... 97,953.59 other liabilities ...... 42,647.50 Other assets 7,749.48 Capital stock...... 65,000.00 Surplus ...... 100,000.00 Undivided profits ...... 63,286.99 R eserv es ...... 12,073.01 Total capital account 240,360.00 Total ...... $2,559,347.44 Total ...... $2,559,347.44

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 75

PEOPLES BANK AND LOAN COMPANY, LEWISVILLE Population 1,700 Lafayette County Chartetred August 25, 1911 P.O .B ox278 Telephone Number 921-4244 Zip Code 71845 Officers Directors J. C. Landes ...... President & J. C. Landes Chmn. of the Board P. D. Burton Jr. P. D. Burton Jr...... Vice President Alvis Fuller Wilma Willbanks ...... C a sh ier J. A. Harrel Jane Friend ...... Asst. Cashier Henry Moore m Annette Shaver ...... Asst Cashier Nicholas H. Patton W. H. Triplett Jr. Aileen S. Landes

STATEMENT AS OF JUNE 30, 1970 A ssets LiaM U ties Cash & due from banks $1,058,983.81 Demand deposits ...... $1,377,622.05 U. S. Gov’t obligations .. 682,679.00 Time deposits ...... 3,747,986.38 Other bonds & U. S. Gov’t deposits ..... 25,854.36 securities ...... 1,191,313.55 Public funds ...... 331,542.57 Loans & discounts ...... 2,990,981.03 Total deposits ...... 5,483,005.36 fixed assets ...... 86,780.98 Other liabilities ...... 93,173.84 Other assets ...... 2,806.14 Capital stock ...... 100,000.00 Surplus ...... 200,000.00 Undivided profits ...... 103,371.45 Reserves ...... 33,993.86 Total capital account 437,365.31 T o ta l ...... $6,013,544.51 Total ...... $6,013,544.51

BANK OF LINCOLN. LINCOLN Population 998 Washington County Chartered March 19, 1903 P. O. Box 98 Telephone Number 824-3232 Zip Code 72744 Officers Directors W. T. Shannon .. Chairman of Board W. T. Shannon B. J. Basden C. C. Karnes ...... President Forrest Rodgers C. C. Karnes Kenneth D. Cox ...... Cashier S. H. Pitts David Huffaker ...... A sst. Cashier R. H. Pitts Ronnie Rinehart ...... Asst Cashier H. A. Lewis

STATEMENT AS OF JUNE 30. 1970

A ssets Liabilities Cash. & due from banks $ 953,439.85 Demand deposits ...... $2,256,676.59 U. S. Gov’t obligations 1,316,337.33 Time deposits ...... 2,895,567.86 Other bonds & U. S. Gov’t deposits ..... 19,826.86 securities ...... 319,700.78 Public funds ...... 58,238.24 Loans & discounts ...... 3,052,270.60 Total deposits ...... 5,230,309.55 Fixed assets ...... 25,934.59 Capital stock ...... 100,000.00 Surplus ...... 150,000.00 Undivided profits ...... 139,747.41 Reserves ...... 47,626.19 Total capital account 437,373.60 Total ...... $5,667,683.15 Total ...... $5,667,683.15

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 7 6 State of Arkansas: Bank Department

FINANCIAL HOME LOAN CORPORATION, LITTLE ROCK (Act III Industrial Loan Institution) Population 150,000 Pulaski County Chartered May 13, 1941 P. O. Box 7329 Telephone Number 666-0331 Zip Code 72207 Officers Directors Tom Paxton ...... President Dayton Covington John B. May Creed Spann ...... Secretary Tom Paxton Sidney Thom Joe K. McCarty

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 36,167.51 Time deposits ...... $438,911.84 Fixed assets ...... 896.89 Total deposits ...... 438,911.84 Other assets ...... 714,069.53 Other liabilities ...... 51,458.77 Accounts receivable ...... 42,290.34 Capital stock ...... 150,000.00 Surplus ...... 150,000.00 Undivided profits ...... (12,452.53) Reserves ...... 15,506.19 Total capital account .. 303,053.66 T o ta l ...... $793,424.27 T o ta l ...... $793,424.27

SBhtttMi ''Investment Certificates” for Dent

METROPOLITAN TRUST COMPANY, LITTLE ROCK (Not Engaged in Commercial Banking) Population 150,000 Pulaski County Chartered June 5, 1925 Telephone Number 374-1744 Zip Code 72201 O ffice rs D ire cto rs Justin Matthews, III ...... P resid en t Justin Matthews, III Walter L. Burroughs ..... Vice Pres. Walter L. Burroughs Eva M. H ale ...... Sec., Treas. Eva M. Hale Betty Ann Couch ...... A sst. S ec. Mrs. Elizabeth C. Matthews Mrs. Lila B. Matthews Mrs. Anne M. Glenn Richard B. Adkisson Howard CockriU Joel Y. Ledbetter William F. Rector James D. Simpson, Jr.

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $169,880.70 Other liabilities ...... $ 984.44 Other bonds & Capital stock ...... 164,200.00 securities ...... 77,644.31 Surplus ...... 20,000.00 Loans & discounts 11,614.41 Undivided profits ...... 388,908.12 Fixed assets ...... 6,791.31 O th er r e a l estate .. 176,352.56 Other assets ...... 131,809.27 Total capital account .. 573,108.12 T otal ...... $574,092.56 Total ...... $574,092,56

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 77

n fff A ©ITT UTTPUTO B iftftr T TigMff w tlA/m " Jr I l M A w I V i JCXm JLVSPJiX a Sp JOx^Jri JCW# JLaXJl X JLmC b JRV#V#,JB«k Population 150,000 Pulaski County Chartered August 29, 1955 P. O. Box 7299 Telephone Number MO 4-4411 Zip Code 72207 Officers Directors James F. Hewitt ...... C hairm an James F. Hewitt of the Board Eugene R. Warren Robert S. Taylor ...... P resid en t Robert S. Taylor Fred J. Parrot John T. Crews, Jr. .. Senior V. Pres. James T. McKinnon Joyce A. Ereman ...... V . P res. Leon P. Fields & C ash ier A B. Corder Leon P. Fields ...... V . P res. Troy D. Churchman Joe A. Woodson ...... V . P res. Marilyn S. Pearce .... Asst. V. P res.

■ v * m m X JESlJPflUt^JFw X wAkllSSb OF JUNE 30, 1970 A ssets Liabilities C ash & du e Demand deposits ...... $ 4,295,331.15 from banks ...... $ 1,048,271.48 Time deposits ...... 5,820,134.89 U. S. Gov’t obligations 1,551,028.97 U. S. Gov’t deposits .... 182,900.00 Other bonds & Public funds ...... 1,319,228.41 securities ...... 3,364,599.76 Total deposits ...... 11,617,594.45 Excess funds sold Capital stock ...... 330,000.00 (F e d e ra l) ...... 1,400,000.00 Surplus ...... 320,000.00 Loans & discounts ...... 5,021,857.74 Undivided profits ...... 262,270.11 Fixed assets ...... 207,950.82 Reserves ...... 91,713.82 Other real estate ...... 4,000.00 Other assets ...... 23,871.61 Total capital account 1,003,983.93 Total ...... $12,621,578.38 Total ...... $12,621,578.38

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 78 State of Arkansas: Bank Department

WORTHEN BANK AND TRUST COMPANY, LITTLE ROCK

Population 150,000 Pulaski County Chartered August 4, 1902 P. O. Box 1681 Telephone Number 378-1000 Zip Code 72201

Officers Officers (Cont.) Wilbur Armbrust...... Asst. Cashier James H. Penick, Sr...... C hairm an W. H. Armstrong ..... Asst. Y. Pres. of the Board Loren Baumann ...... Asst V. Pres. James H. Penick, J r... Exec. V. Pres. Daniel Bearden ...... Asst Y. Pres. Charles R. Perry ..... Asst V. Pres. W. F. Beuck, H ...... Asst Cashier Hiram H. Priest ...... Asst V. Pres. Frank Boulton ...... Asst. Cashier Alvin Reap, Jr...... V . P res. William Blair ...... Trust Officer James D. Ross ...... Asst. V. Pres. Larry Breashears ...... Asst. Cashier James H. Ryals ...... Asst. V. Pres. Donald M. Brown .... Asst. Y. Pres. Louis J. Schaufele ...... C on troE er Lawrence B. Burrow .... V. Pres. & E E een S e g o ...... Asst. Cashier Trust Officer Jerry Shawgo ...... Asst. ControEer Richard Calhoun ...... V . P res. Charles R. Shelton .... Trust Officer J. O. Cheney ...... E con om ic Howard Shepard ...... Trust Officer Development Officer B. Gene Staton...... Asst. Cashier Harry M. Crowe, Jr. .. Asst V. Pres. John Stanley ...... Asst. Cashier Emmett L. Darr ..... Sr. V. Pres. & Betty Stewart ...... Asst Cashier C a sh ier Jerry Straessle ...... Asst. Cashier Frank J. Descoteau .... Asst. Y . Pros. John Strange ...... Asst. V. Pres. Melvin Ddffee ...... Asst V. Pres. Don Stubbe ...... Asst V. Pres. R. B. Elwood ...... V . P res. Charles SuEivan ..... Asst V. Pres. Donald Eugene Fortson .... V. Pres. Dabbs SuEivan ...... V. Chairman Jim F. Fleming ...... Asst V. Pres. of the Board Dewey W. Gardner .... Asst Cashier Harold Tate ..... Asst. Trust Officer Richard F. Gates ...... Sr. Y. Pres. Charles Tarleton ...... V . P res. Fritz Goodbar ...... Asst. Cashier Robert P. Taylor ...... V . P res. Albert J. Gormatti..... Asst Cashier Jack C. Thom as...... Trust Officer James S. HaE ...... Exec. V. Pres. Leo T oE ett...... A sst Cashier Wayne Harness ...... Asst. Y. Pres. James M. Y ail ...... Asst V. Pres. GEbert HoweE .... Trust Investment Charles E Wade ...... V . P res. O ffic e r Simpson S. WEbourn ...... A sst. Y . James P. Jett ...... Asst V. Pres. P res. Erwin Johnston ...... Asst V. Pres. Robert C. WEcox ...... Auditor Melvin A. Lawson ...... V . P res. R. J. W ills ...... V. Pres. Beverly J. Lambert, n i .... Y. Pres. Aubrey F. Williams ...... V . P res. Melva C. Little ...... Asst V. Pres. & Trust Officer Barry Livingston ...... Asst. V. Pres. Frank Michael WEEamson ..... A s s t John EL Lock ...... Asst. Cashier C a sh ier L e e M a ris ...... Asst Cashier Woodrow W ilson ...... V . P res. Cole Martin ...... Asst. V. Pres. George Worthen ...... Asst. Cashier Donald Massey ...... Asst. V. Pres. Booker Worthen ...... V. Pres. & Carol Mayes .... Marketing Research Secretary of the Board O ffic e r Tommy Wray ...... Asst Y. Pres. Dudley E. McCuEoch, Jr...... A s s t Karl F. Zimmerman.. Asst V. Pres. C a sh ier Frank J. Moser ...... V . P res. Frank T. McGehee .... Asst Y. Pres. Guy P. Mosley ...... Asst. V. Pres. D irectors Marion Myrick ...... Asst V. Pres. B. Dickson Neal ...... Asst. Cashier W. C. Allsopp Albert Otten ...... V. Pres. Gus Blass, n James H. Parker ...... Asst. Cashier W. N. Brandon, Jr. R. D. Parks ...... Asst. V. Pres. Houston J. Burford Edward M. Penick ...... President & Robert D. Doubleday Executive Chief Officer Dudley DoweE—Advisory Cont. next column (Cont on Page 79)

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 79

WORTHEN BANK & TRUST COMPANY (Continued from Page 78) Directors (Cont.) Directors (Cont.) Jack East, Jr. Dan M. Murphy—Advisory Dave Grundfest, Jr. Gus Ottenheimer—Advisory Worth James A. Dan Phillips Ed D. Ligon, Jr. John A. Riggs, Jr. Frank Lyon Robert R. Roach—Advisory Guy Maris, Jr. Frank Silverman—Advisory E. Vernon Markham, Jr. T. Charles Treadway, Jr. Charles T. Meyer, Jr. J. G. Williamson Cont. next column Edward L. Wright

STATEMENT AS OF JUNE 30, 1970 A ssets L taM U iies Cash & due from banks $44,439,574.67 Demand deposits ...... $ 69,856,066.34 U. S. Gov’t obligations 24,231,722.99 Time deposits ...... 68,530,551.42 Other bonds & U. S. Gov’t deposits .... 839,596.28 securities ...... 13,508,479.14 Public funds ...... 16,157,612.19 Excess funds sold Deposits of banks ..... 30,219,366.25 (F e d e ra l) ...... 5,222,850.00 Total deposits ...... 185,603,192.48 Loans & discounts ..... 118,503,206.53 Excess funds fixed assets ...... 7,110,592.38 p u rch a sed ...... 8,890,000.00 Other assets ...... 1,882,922.31 Other liabilities ...... 3,415,379.41 Capital notes & deb’t 3,300,000.00 Capital stock ...... 4,000,000.00 Surplus ...... 5,000,000.00 Undivided profits ..... 2,548,336.47 R eserv es ...... 2,142,439.66 Total capital a ccou n t ...... 16,990,776.13 T o ta l ...... $214,899,348.02 T o ta l ...... $214,899,348.02

BANK OF LOCKESBURG, LOCKESBURG Population 634 Sevier County Chartered October 14, 1902 P. O. Box 118 Telephone Number 289-2541 Zip Code 71846 Officers Directors R. C. Norwood ...... P re sid e n t R. C. Norwood Mary F. Hampson ...... V ic e P res. Mary F. Hampson Mrs. R. C. Norwood ...... C ash ier Mrs. R. C. Norwood STATEMENT AS OF JUNE 30, 1970 A ssets U aM U iies Cash & due from banks $ 320,200.78 Demand deposits ...... $1,051,892.79 U. S. Gov’t obligations 1,031,074.18 Time deposits ...... 876,948.11 Other bonds & U. S. Gov’t deposits .... 9,682.24 securities ...... 328,233.93 Public funds ...... 169,041,50 Loans & discounts ...... 691,320.44 Total deposits ...... 2,107,564.64 fixed assets ...... 5,001.00 Capital stock ...... 25,000.00 Surplus ...... 40,000.00 Undivided profits ...... 158,132.26 Reserves ...... 45,133.43 Total capital account 268,265.69 T otal ...... $2,375,830.33 Total ...... $2,375,830.33

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 80 State of Arkansas: Bank Department

FIRST STATE BANK, LONOKE Population 2,856 Lonoke County Chartered March 19, 1935 P.O .Box320 Telephone Number 676-2021 Zip Code 72086 O fficers D irectors J. O. Bennett ...... P resid en t J. O. Bennett W. H. Bransford, Sr...... Vice Pres. Neil Bennett Arthur Herring .... Exec. Vice Pres. Wayne Bennett Dorothy Herring ...... Asst. Cashier W. H. Bransford, Sr. Lorine L. Pitts ...... Asst» Cashier Austin Grimes STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $1,078,367.33 Demand deposits ...... $3,719,017.93 U. S. Gov’t obligations 790,596.25 Time deposits ...... 2,356,041.23 Other bonds & U. S. Gov’t deposits .... 11,292.50 securities ...... 1,089,996.36 Public funds ...... 684,066.03 L oa n s & discounts ...... 4,885,257.95 Total deposits ...... 6,770,417.69 Fixed assets ...... 142,407.21 Capital stock ...... 200,000.00 Other real estate ...... 1.00 Surplus ...... 600,000.00 Other assets ...... 5,746.29 Undivided profits ...... 333,417.73 R eserv es ...... 88,536.97 Total capital account 1,221,954.70 T o ta l ...... $7,992,372.39 Total ...... $7,992,372.39

McGEHEE BANK, McGEHEE Population 4,600 Desha County Chartered December 5, 1933 P. 0. Box 787 Telephone Number 222-3151 Zip Code 71654 Officers Directors R. L. Beck ... Chairman of the Board R. L. Beck S am B o w m a n ...... ;... President Sam Bowman J. W. Willoughby, Jr...... E x e c u tiv e C. J. Griffith, Jr. V. Pres. O. 0. Kemp Mark EL Sherland, Jr...... V. Pres. John L. Maier, Jr. J. H. Stroud ...... V. Pres. Buren Sharpe W. W. Williams, Jr... Trust Officer W. A. Smith J. H. Potter ...... Cashier Robert Adcock Bess T. Parker ...... Asst. Cashier J. W. Willoughby, Jr. Clifton B. Smith, HI .. Asst Cashier Donald E. Cathey ..... Asst. Cashier STATEMENT AS OF JUNE 30, 1970 A ssets L iabiU lies Cash & due from banks $ 1,462,039.58 Demand deposits ...... $ 4,422,907.92 U. S. Gov’t obligations 357,650.00 Time deposits ...... 8,171,998.46 Other bonds & U. S. Gov’t deposits .... 90,395.00 securities ...... 3,571,409.49 Public funds .... 1,674,671.86 Loans & discounts ..... 10,774,950.83 Total deposits 14,359,973.24 Fixed assets ...... 379,434.12 Other liabilities 276,079.21 Other assets ...... 10,030.19 Capital stock .... 500.000. 00 S u rp lu s ...... 500.000. 00 Undivided profits 660,808.87 R eserv es ...... 258,652.89 Total capital account 1,919,461.76 T otal ...... $16,555,514.21 Total ...... $16,555,514.21

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 81

BANK OF McCRORY, McCRORY Population 1,053 Woodruff County Chartered June 8, 1903 P. O. Box 367 Telephone Number 731-2521 Zip Code 72101 O fficers D irectors I. N. Amof ..... President-Chairman I. N. Amof of the Board John G. Thompson John G. Thompson ...... V . P res. H. Ripley Thompson H. Ripley Thompson ...... V . P res. John D. Eldridge John D. Eldridge ...... V . P res. Hulon A. Cain Curtis A. Houston ...... Sr. V. Pres. Ia n A r n o f Hulon A. Cain ...... Exec. V. Pres. John D. Eldridge, III Billy M. MeElwee ...... C ash ier G. L. Morris, Jr. Mrs. Ruth F. Hale .... Asst. Cashier Edwin B. Conner, Jr. James W. Taylor ...... Asst. Cashier Mrs. Joyce B all ...... Asst. Cashier STATEMENT AS OF JUNE 30, 1970 A ssets T.iahill+ing Cash & due from banks $1,274,781.54 Demand deposits ...... $4,024,408.83 U. S. Gov’t obligations .. 1,832,055.82 Time deposits ...... 4,158,911.41 Other bonds & IT. S. G o v ’ t d e p osits ..... 38,827.06 securities ...... 809,806.77 Public funds ...... 221,632.29 Loans & discounts ...... 5,386,712.11 Deposits of banks ...... 72,210.09 Fixed assets ...... 91,974.97 Total deposits ...... 8,515,989.68 Other assets ...... 200,953.28 Other liabilities ...... 225,696.81 Capital stock ...... 200,000.00 Surplus ...... 300,000.00 Undivided profits ...... 354,598.00 Total capital account 854,598.00 T o ta l ...... $9,596,284.49 T o ta l ...... $9,596,284.49

FARMERS BANK AND TRUST COMPANY, MAGNOLIA Population 11,110 Columbia County Chartered September 26, 1906 P .O .B ox250 Telephone Number 234-2211 Zip Code 71753 Officers Directors R. S. Warnock, Jr...... President R. S. Wamock, Jr. John W. Harsh R. & Foster ...... Vice Pres. R. S. Foster J. L. Jean W. N. Paschal ...... Vice Pres. W. N. Paschal Joe D. Woodward Mrs. T. H. Reeves ...... Vice Pres. Mrs. T. H. Reeves Cameron Dodson ...... Vice Pres. Cameron Dodson Dean Reagan ...... Cashier T. H. Bradley, Jr. M. E. Fitzpatrick ...... Asst. Cashier L. E. Davis, Jr. W. E. Fullenwider STATEMENT AS OF JUNE 30, 1970 Assets LiabiUties Cash & due from banks $ 2,174,890.68 Demand deposits ...... $ 6,127,278.97 U. S. Gov’t obligations 8,799,235.24 Time deposits ...... 4,576,435.72 Other bonds & U. S. Gov’t deposits ..... 56,406.71 securities ...... 1,043,500.30 Public funds ...... 479,599.81 loans & discounts ...... 652,598.92 Total deposits ...... 11,239,721.21 Fixed assets ...... 10,369.00 Capital stock ...... 100,000.00 Other real estate ...... 3.00 Surplus ...... 200,000.00 Undivided profits ...... 1,067,426.71 Reserves ...... 73,449.22 Total capital account 1,440,875.93 Total $12,680,597.14 T o ta l ...... $12,680,597.14

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 82 State of Arkansas: Bank Department

BANK OF MALVERN. MALVERN Population 10,000 Hot Spring County Chartered June 24, 1889 P. O. Box 897 Telephone Number 332-6966 Zip Code 72104 Officers Directors Ray N. B oyle ...... President Ray N. Boyle Jester Jones ...... Sr. V. Pres. W. H. Glover W. H. Glover ...... V . P res. Jester Jones Glenville Rhodes ..... Exec. V. Pres. Glenville Rhodes Tom Ross Young ...... V . P res. Tom Ross Young Poy G. Ritchey.. V. Pres. & Cashier Paul E. Bow dle ...... Asst. Cashier John R. Thomason Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 1,119,507.82 Demand deposits ...... $ 4,644,521.43 U. S. Gov’t obligations 2,601,092.00 Time deposits ...... 3,699,033.38 Other bonds & U. S. Gov’t deposits .... 124,113.08 securities ...... 1,805,749.78 Public funds ...... 720,817.89 Excess funds sold Total deposits ...... 9,188,485.78 (F e d e ra l) ...... 100,000.00 Other liabilities ...... 142,571.09 Loans & discounts ...... 4,525,135.14 Capital stock ...... 150,000.00 Fixed assets ...... 131,686.78 Surplus ...... 450,000.00 Other real estate ...... 11,399.86 Undivided profits ...... 301,966.89 Other assets ...... 1,939.77 Reserves ...... 63,487.39 Total capital account 965,454.28 T o ta l ...... $10,296,511.15 T o ta l ...... $10,296,511.15

dCATTTOTBM1 w U i IlfciliPI mPHTT U lfc lil X AABDAnv w ll* w Jtlii ETIAM i l>v/JN< If&TJKuiJLi UPDMV£>ltri (Act III Industrial Loan Institution) Population 10,000 Hot Spring County Chartered October 9, 1959 P. O. Box 400 Telephone Number 332-2462 Zip Code 72104 Officers Directors W. H. M cClure ...... P resid en t W. H. McClure Layne Sparks Vance Jernigan ...... Vice President George L. McClure Jewell Johnson J im C o l e ...... S e cre ta ry Alberta J. Mange Dr. A. J. Wilks George L. M cClure ...... T rea su rer Vance Jernigan James C. Cole R a y C ook

c t ik•f*T?un?'Krfr i c £$ A mm A £|AV a JUiI

Digitized for FRASER Substitute certificates* for Deposit http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 83

PEOPLES BANK. MAMMOTH SPRING Population Ml Fulton County Chartetred February 8, 1921 P. O. Box 185 Telephone Number 625-3823 Zip Code 72554 Officers Directors Cloy H. Culver ..P resid en t Cloy H. Culver Auda M. Culver ...... Vice President Auda M. Culver M. H. Powell ...... Vice President William O. Pace William O. Pace ...... C ashier Jim B. Plumlee George G. Ball, Jr. .... Asst. Cashier M. H. Powell

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 452,057.60 Demand deposits ...... $1,374,794.88 U. & Gov’t obligations .. 1,631,494.70 Time deposits ...... 859,700.07 Other bonds & U. S. Gov’t deposits ..... 16,185.78 securities ...... 344,900.00 Public funds ...... 320,290.63 Loans & discounts ...... 407,325.84 Total deposits ...... 2,570,971.36 Fixed assets ...... 2,268.37 Capital stock ...... 100,000.00 Surplus ...... 50,000.00 Undivided profits ...... 117,075.15 Total capital account 267,075.17 T o ta l ...... $2,838,046.51 Total ...... $2,838,046.51

MERCHANTS AND PLANTERS BANK. MANILA Population 2,015 Mississippi County Chartered March 16, 1948 P. O. Box 440 Telephone Number 561-4427 Zip Code 72442 Officers Directors Fred Fleeman .. Chairman of Board L. E. Townsend Lora M. Fleeman ...... P resid en t Wm. Borowsky Max H. Schrader ..... Exec. V. Pres Betty F. Schrader Herman D. Alston ...... V . P res. Peggy F. Cheadle James B. Cheadle ...... V . P res. Fred Fleeman Bobby L. White .. Secretary-Cashier

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 278,594.71 Demand deposits ...... $ 822,084.56 U. S. Gov’t obligations .. 280,335.47 Time deposits ...... 570,946.57 Other bonds & U. S. Gov’t deposits ..... 49,172.46 securities ...... 181,036.43 Public funds ...... 355,056.13 Loans & discounts . 1,489,826.41 Total deposits ...... 1,797,259.72 Fixed assets ...... 949.00 Capital stock ...... 100,000.00 Other real estate ...... 1.00 Surplus ...... 100,000.00 Undivided profits ...... 209,776.94 Reserves ...... 23,706.36 Total capital account 433,483.30 Total ...... $2,230,743.02 T o ta l ...... $2,230,743.02

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 84 State of Arkansas: Bank Department

BANK OF MANSFIELD, MANSFIELD Population 861 Sebastian County Chartered February 16, 1939 P. O. Box 414 Telephone Number 928-5149 Zip Code 72944 Officers Directors Woodson Holbrook ...... Pretsident S. D. Barnes l r D i J e M cC ain...... Vice Pres. G ilm er K . D ix o nJo Gilmer K. Dixon ...... Vice Pres. Woodson Holbrook Melba Conaway ...... C ash ier Robert L. Jones, Jr. S u sie H u n t ...... Asst. Cashier Joe McCain Louise H enley ...... Asst. Cashier Bruce H. Shaw Richard B. Shaw S. M. Taylor W. M. Woods, M.D.

STATEMENT AS OF JUNE 30, 1970 Assets T.lahlliflo* Cash & due from banks $ 425,130.15 Demand deposits ...... $1,561,109.21 TJ. S. Gov’t obligations .. 825,301.25 Time deposits ...... 1,822,296.57 Other bonds & U. S. Gov’t deposits ..... 6,134.49 securities ...... 1,021,528.32 Public funds ...... 246,196.92 Excess funds sold Total deposits ...... 3,635,737.19 (F e d e ra l) ...... 50,000.00 Capital stock ...... 60,000.00 Loans & discounts ...... 1,609,357.08 Surplus ...... 140,000.00 Fixed assets ...... 19,715.00 Undivided profits ...... 58,319.99 Other real estate ...... 4,500.00 Reserves ...... 63,090.80 Other assets ...... 1,616.18 Total capital account 321,410.79 T o ta l ...... $3,957,147.98 T o ta l ...... $3,957,147.98

FARMERS & MERCHANTS BANK, MARIANNA Population 5,653 Lee County Chartered January 9, 1942 P. O. Box 392 Telephone Number 295-2535 Zip Code 72360 Officers Directors Ben M. Perkins ...... President Ben M. Perkins John F. M iller ...... Vice President John F. Miller L . R . H i l l ...... Cashier Glenn U. Miller, Chairman Bettye H. Lynn ...... Asst Cashier A. E Prestridge Patsy Hardin ...... Asst. Cashier A. C. Mahan, Sr. J. O. Payne, Jr. T. H. Gist, Sr. Paul D. Wilson James Burkett H. B. White

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 451,477.05 Demand deposits ...... $1,937,107.99 U. S. Gov’t obligations .. 448,934.01 Time deposits ...... 918,192.92 Other bonds & U. S. Gov’t deposits ..... 12,546.52 securities ...... 827,640.75 Public funds ...... 460,284.86 Loans & discounts . 2,038,855.91 Total deposits ...... 3,328,132.29 Fixed assets ...... 178,661.27 Capital notes & deb’t .... 93,300.00 Other assets ...... 1,753.00 Capital stock ...... 75,000.00 Surplus ...... 300,000.00 Undivided profits ...... 65,475.33 Reserves ...... 85,414.37 Total capital account 619,189.70 Total ...... $3,947,321.99 Total ...... $3,947,321.99

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 85

CITIZENS BANK, MARION Population 1,500 Crittenden County Chartered March 15, 1938 P. O. Box 300 Telephone Number 739-3232 Zip Code 72364 Officers Directors A. J. Lumpkin ...... President Wilson P. Barton A. H. Neely Allen B. Helms ...... V. Pres. C. H. Bond, Jr. Dino Pirani J. F. Rieves, Jr...... V. Pres. Sanders Carter W. B. Rhodes Dana F. Sulcer ...... V'. Pres. J. L Currie J. F. Rieves, Jr. Mary L Hoskins ...... Cashier Julian Hardin Ray D. Ross Ida Mae Williams ..... Asst. Cashier Allen B. Helms Aldo Stupenti A. J. Lumpkin Dana F. Sulcer J. C. Mann, Chairman

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 435,062.07 Demand deposits ...... $1,446,345.82 U. S. Gov’t obligations ..887,637.08 Time deposits ...... 1,544,506.45 Other bonds & U. S. Gov’t deposits ..... 25,988.48 securities ...... 1,186,648.42 Public funds ...... 1,104,545.67 Excess funds sold Total deposits ...... 4,121,386.42 (F e d e ra l) ...... 450,000.00 Capital stock ...... 150,000.00 Loans & discounts ...... 1,603,435.71 Surplus ...... 150,000.00 Fixed assets ...... 19,483.47 Undivided profits ...... 127,877.40 Other real estate ...... 1.00 R eserv es ...... 33,003.93 Total capital account 460,881.33 T o ta l ...... $4,582,267.75 Total ...... $4,582,267.75

MARKED TREE BANK, MARKED TREE Population 3,275 Poinsett County Chartered March 3, 1932 Telephone Number 358-2600 Zip Code 72365 Officers Directors L. V. Ritter, Jr...... C hm . o f B oa rd Sidney Arnold John A. Brunner, Jr...... P resid en t Frank J. Brunner, Jr. Louis H. Goad .. V. Pres. & Cashier John Brunner, Jr. Helen Stewart ...... Asst. Cashier J. Robert Brunner Frances Whitlow Louis H. Goad Lowell Laffoon L. V. Ritter

STATEMENT AS OF JUNE 30. 1970 Assets Liabilities Cash & due from banks $1,072,999.04 Demand deposits ...... $2,441,859.07 U. S. Gov’t obligations .. 1,809,567.85 Time deposits ...... 2,057,084.63 Other bonds & U. S. Gov’t deposits ..... 64,698.62 securities ...... 875,587.16 Public funds ...... 335,701.09 Loans & discounts ...... 1,848,900.49 Deposits of banks ...... 152,124.35 Fixed assets ...... 19,670.00 Total deposits ...... 5,051,467.76 Other liabilities ...... 3,514.50 Capital stock ...... 175,000.00 Surplus ...... 200,000.00 Undivided profits ...... 182,964.57 Reserves ...... 13,777.71 Total capital account 571,742.28 Total ...... $5,626,724.54 Total ...... $5,626,72454

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 86 State of Arkansas: Bank Department

THE CITIZENS BANK, MARSHALL Population 1,100 Searcy County Chartered February 26, 1040 P. O. Box 250 Telephone Number 448-3341 Zip Code 72650 Officers Directors Jerald M. Barnett ...... P resid en t Ben Allen Bill J. Nixon Bill J. Nixon ...... Exec. ¥. Pres. J. C. Baker Jim Tilley Mrs. Bennie Treat ...... C ash ier Jerald M. Barnett Joe D. W ells ...... Asst. Cachier Dewey Massey

STATEMENT AS OF JUNE 30. 1970 Assets Liabilities Cash & due from banks $ 540,412.33 Demand deposits ...... $1,508,160.36 U. & Gov’t obligations .. 556,052.73 Tim e deposits ...... 2,636,277.79 Other bonds & U. S. Gov’t deposits ..... 11,301.28 securities ...... 401,203.62 Public funds ...... 404,545.40 Loans & discounts ...... 3,308,568.06 Deposits of banks ...... 10,000.00 Fixed assets ...... 87,032.40 Total deposits ...... 4,570,383.83 Other assets ...... 4,228.00 Other liabilities ...... 6,000.00 Capital stock ...... 100,000.00 Surplus ...... 125,000.00 Undivided profits ...... 169,808.58 Reserves ...... 16,304.73 Total capital account 411,113.31 Total ...... $4,087,407.14 Total ...... $4,987,497.14

BANK OF MARVELL. MARVELL Population 1,601 Phillips County Ohartetred January 8, 1903 P. O. Box 67 Telephone Number 829-2596 Zip Code 72366 Officers Directors Gibson Turley .. Chairman of Board Gibson Turley Robert L Campbell ...... P resid en t Robert L Campbell Jesse M. Collins ..... Vice President R. E. Hodge Mrs. Pauline H. Wilson Cashier J. B. McElroy Mrs. Corinne S* W illiams I I lll Asst. Cashier Mrs. Virginia N. Turley

STATEMENT AS OF JUNE 30. 1970 Assets Liabilities Cash & due from banks $ 412,032.04 Demand deposits ...... $1,387,114.22 U. S. Gov’t obligations .. 571,600.48 Time deposits ...... 1,176,380.95 Other bonds & U. S. Gov’t deposits ..... 36,051.33 securities ...... 1,171,303.37 Public funds ...... 271,806.24 Loans & discounts ...... 1,214,060.32 Total deposits ...... 2,871,361.74 Fixed assets ...... 13,715.75 Other liabilities ...... 4,103.07 Other assets ...... 1,500.00 Capital stock ...... 150,000.00 Surplus ...... 150,000.00 Undivided profits ...... 200,736.25 Total capital account 500,736.25 Total ...... $3,385,201.96 Total ...... $3,385,201.96

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 8?

THE BANK OF MELBOURNE, MELBOURNE Population 839 Izard County Chartered June 29, 1896 P. O. Box C Telephone Number 368-4337 Zip Code 71556 Officers Directors J. C. Miller ...... President J. C. Miller Tom Simpson ...... Vice President Tom Simpson A,. J . Y o u n g e r ...... C a sh ier A. J. Younger Mrs. Opal Troxler .... Asst. Cashier Ernestine Marlin ..... Asst. Cashier STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 840,741.54 Demand deposits ...... $1,803,211.37 U. S. Gov’t obligations .. 1,276,826.60 Time deposits ...... 578,853.04 Other bonds & U. S. G ov’t deposits...... 24,569.52 securities ...... 361,566.33 Public funds ...... 212,663.18 Loans & discounts ...... 512,539.34 Total deposits ...... 2,619,297.11 Fixed assets ...... 2.00 Capital stock ...... 50,000.00 Surplus ...... 85,000.00 Undivided profits ...... 223,841.37 R eserv es ...... 13,537.33 Totali.uuu capitalvaptuu account..aLwtmii.. ui^,<1372,378.70 T o ta l ...... $2,991,675.81 Total ...... $2,991,675.81

THE UNION BANK OF MENA, MENA Population 4,500 Polk County Chartered July 25, 1934 Drawer No. 190 Telephone Number 394-2211 Zip Code 71953 Officers Directors Clift C. Lane ...... President Clift C. Lane L. L. M orrow ...... Exec. Vice Pres. L. L. Morrow & C ash ier Bill Lauck Wood Bill Lauck W ood ..... Senior V. Pres. R. A. Carver Bill R. Philpot ...... Vice President R. L. Hamilton Kenneth Shirley ...... Vice President Nabors Shaw Jack R. Dees .... Asst. Vice President Dorothy C ecil ...... Assistant Cashier Ola Rene Thomas ...... Asst. Cashier Ramona Hensley ...... Asst. Cashier Ruby Lunsford ...... Asst. Cashier STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 1,371,737.40 Demand deposits ...... $ 4,925,358.81 U. S. Gov’t obligations.. 801,878.39 Time deposits ...... 5,036,755.29 Other bonds & U. S. Gov’t deposits .... 149,358.98 securities ...... 2,239,464.34 Public funds ...... 401,949.61 Loans & discounts ...... 7,012,767.61 Total deposits ...... 10,513,422.69 Fixed assets ...... 192,462.44 Other liabilities ...... 148,752.78 Other real estate ...... 64,849.65 Capital stock ...... 300,000.00 S u rp lu s ...... 400,000.00 Undivided profits ...... 200,400.21 R eserv es ...... 120,584.15 Total capital account 1,020,984.36 Total $11,683,159.83 T o ta l ...... 11,683,159.83 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 8 8 State of Arkansas: Bank Department

MONETTE STATE BANK, MONETTE Population 1,066 Craighead County Chartered December 29, 1936 P. O. Box P Telephone Number 486-5493 Zip Code 72447 Officers D irectors Nathan Deutseh ...... President Nathan Deutsch Donald Kirksey ...... Exec. Y. Pres. Donald Kirksey & C a sh ier E. J . B a ll B ill C la r k ...... Asst. Cashier C. D. Frierson Shirley Bronaugh ...... Asst. Cashier Charles Frierson, III Ruth P. Latta

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 611,580.82 Demand deposits ...... $1,899,489.90 U. S. Gov’t obligations.. 494,393.47 Time deposits ...... 2,773,046.41 Other bonds & U. S. Gov’t deposits...... 3,726.19 securities ...... 452,251.54 Public funds ...... 377,936.65 Loans & discounts ...... 4,152,095.04 Total deposits ...... 5,054,199.15 Fixed assets ...... 79,286.80 Capital stock ...... 200,000.00 Other real estate ...... 1.00 Surplus ...... 300,000.00 Other assets ...... 858.50 Undivided profits ...... 181,781.63 Reserves ...... 54,486.39 Total capital account 736,268.02 T o ta l ...... $5,790,467.17 Total ...... $5,790,467.17

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 89

COMMERCIAL BANK & TRUST COMPANY. MONTICELLO Population 5500 Drew County Chartered November 29, 1912 P. O. Box 150 Telephone Number 367-6221 Zip Code 71655 Officers Directors Bennie Ryburn, Sr. .. Pres. & Chinn. E. A. Baker Reginald G lover ...... Exec. V. Pres. Robert L. Barnes Tommy H. Free ...... Vice President J. A. Baxter William L. Woods . .. Vice President Robert Ellis Mike Cavaness .. Vice Pres. & Cash. Reginald Glover Mabel Sherry .... Vice Pres. & Trust J. A. Gunn O ffic e r Curtis Harris J o e M c C lo y ...... Vice President George E. Locke Hazel Porter ...... Assistant Cashier L. D. Long Geneva B yrd ...... Assistant Cashier Joe McCloy Wiley A. McGehee Lamar Miles Hampton Pugh James A. Ross Bennie Ryburn, Sr. Bennie Ryburn, Jr. Joe Shelton Harold “Pete” Smith W. E. Smith K im W ard Bart Westerlund Frank Wolfe

STATEMENT AS OF JUNE 30. 1970 Assets Liabilities Cash & due from banks $ 980,763.16 Demand deposits ...... $2,297,254.54 U. S. Gov’t obligations.. 1,019,997.25 Time deposits ...... 4,890,957.38 Other bonds & U. S. Gov’t deposits ..... 104,340.24 securities ...... 1,262,284.90 Public funds ...... 765,906.39 Excess funds sold Deposits of banks ...... 151,485.06 (F e d e r a l) ...... 250,000.00 Total deposits ...... 8,209,943.61 Loans & discounts ...... 5,504,426.28 Other liabilities ...... 75,341.01 Fixed assets ...... 114,584.84 Capital stock ...... 200,000.00 Other real estate ...... 14,000.00 Surplus ...... 400,000.00 Other assets ...... 289.56 Undivided profits ...... 178,608.77 Reserves ...... 82,452.60 TotalJLvPvCtA VuJilllriiJLcapital accounta v V v U U b *. 861,061.37Uw*jVWi»W I T o ta l $9,146,345.99 Total ...... $9,146,345.99

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 90 State of Arkansas: Bank Department

UNION BANK & TRUST COMPANY, MONTICELLO Population 5,500 Drew County Chartered September 15, 1915 P. O. Box 270 Telephone Number 367-3456 Zip Code 71655 Officers Directors Evert M. Twyford ...... P re sid e n t R. H. Adcock Mrs. Virginia Pierce. .Vice President Brown Calhoun Ervin M cClain ...... Vice President George R. Campster Jack E. Curry ...... Asst. Vice Pres. Frank Carson, Jr. Floyd L. Lance ...... C ash ier Charles E. Jackson James O. Sm ith ...... Asst. Cashier Zach McClendon Mrs. Jean St. John .... Asst. Cashier Wells Moffatt Mrs. Nan Coburn ...... Asst. Cashier Dr. J. P. Price R. F. Trotter Evert M. Twyford Adrian Williamson, Chairman M. F. Wright STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 1,428,427.75 Demand deposits ...... $ 4,127,538.07 U. S. Gov’t obligations.. 1,216,743.50 Time deposits ...... 5,783,254.57 Other bonds & U. S. Gov’t doposits ..... 98,806.42 Securities ...... 3,970,571.38 Public funds ...... 1,480,943.63 Loans & discounts ...... 6,259,733.47 Deposits of banks ...... 511.09 Fixed assets ...... 20,001.00 T o ta l d ep osits .. 11,491,053.78 Other real estate ...... 32,500.00 O th er lia b ilitie s .. 46,750.18 Other assets ...... 5,024.85 Capital stock ..... 400.000. 00 S u rp lu s ...... 300.000. 00 Undivided profits 460,891.83 R eserv es ...... 234,306.16 Total capital account 1,395,197.99 T o ta l ...... $12,933,001.95 T o ta l ...... $12,933,001.95

THE FIRST STATE BANK. MORRILTON Population 8,000 Conway County Chartered November 26, 1930 P. O. Box 350 Telephone Number 354-4601 Zip Code 72110 O fficers l# U w V « V i B S. E. M cReynolds ...... P resid en t C le o C h eek Cleo Cheek ...... Vice President Mis. R. H. Dickenhorst C. E. Linebarger ..... Exec. V. Pres. R. A. Greer H. J. Kordsmeier ...... C a sh ier H. J. Kordsmeier B ill D avidson...... Asst. Cashier C. E. Linebarger J. H. W ilcox ...... Asst. Cashier W . E. L o v e Billie Jean W offord .... Asst. Cashier S. E. McReynolds R u th G w in ...... Asst. Cashier Louis Oates Charles L. Ormond STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 1,842,316.59 Demand deposits ...... $ 6,097,438.19 U. S. Gov’t obligations.. 3,025,035.51 Time deposits ...... 6,471,658.08 Other bonds & U. S. Gov’t deposits .... 218,204.99 securities ...... 3,052,135.22 Public funds ...... 160,656.20 Excess funds sold Deposits of banks ...... 32,317.40 (F e d e r a l) ...... 500,000.00 T o ta l d ep osits .. 12,980,274.86 Loans & discounts ...... 5,638,333.37 O th er lia b ilitie s .. 159,218.11 Fixed assets ...... 413,000.00 Capital stock ..... 250.000. 00 Other real estate ...... 2.00 S u rp lu s ...... 350.000. 00 Other assets ...... 19,000.00 Undivided profits 592,568.73 R eserv es ...... 157,760.99 Total capital account 1,350,329.72 Total ...... $14,489,822.69 Total ...... $14,489,822.69

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 91

MORRILTON SECURITY BANK. MORRILTON Population 8,000 Conway County Chartered November 19, 1954 P. O. Box 320 Telephone Number 354-3531 Zip Code 72110 O ffic e r s Directors Claude M. Farish .... Chm. of Board Osco Coleman Howard 1. Jones ...... P resid en t Claude M. Farish Austin Leeds ...... lx . Vice Pres. Edward Gordon R a y W o o d ...... V. Pres. & Cashier Nathan Gordon Nathan Gordon ...... Vice President Marion Hightower Sam W. Callihan .... Vice President Howard E. Jones Philip C. H ow e ...... Asst. Cashier A. J. Meadors J ea n J o n e s ...... Asst. Cashier Edward Ruff La Veraia Bridgeman ..Asst. Cashier James S. Suitt

2) • jjfa* l JESMPQUClJPe JL jflfttSr OF JUNE 30, 1970 Assets Liabilities Cash & due from banks .$ 821,033.85 Demand deposits ...... $2,657,770.36 U. S. Gov’t obligations.. 1,619,906.00 Time deposits ...... 4,006,695.03 Other bonds & U. S. Gov’t deposits ..... 42,897.20 securities ...... 1,288,281.11 Public funds ...... 379,292.90 Excess funds sold Deposits of Banks ...... 18,395.00 (F e d e r a l) ...... 250,000.00 Total deposits ...... 7,105,050.49 Loans & discounts ...... 3,702,794.44 Capital stock ...... 150,000.00 Fixed assets ...... 116,000.00 Surplus ...... 250,000.00 Undivided profits ...... 239,107.24 Reserves ...... 53,857.67

TotalJLVrVCsJt capitalV»Ca|«r J. VC*4> account..C*V»V»Vp***J.V. . VrVSal} 692,964.91 V Vf 4>«S7 Jk T o ta l ...... $7,798,015.40 Total ...... $7,798,015 40

THE BANK OF MONTGOMERY COUNTY, MOUNT IDA Population 850 Montgomery County Chartered November 27, 1930 P. O. Box 435 Telephone Number 867-3491 Zip Code 71957 Officers Directors John Beavers ...... P resid en t John Beavers Alvis Fuller Robert C am pbell...... Cashier R. W. Butler Juanita Standridge .... Asst. Cashier Jim Tom Butler

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $1,006,066.78 Demand deposits ...... $2,016,525.89 U. S. Gov’t obligations.. 625,012.50 Time deposits ...... 2,607,002.61 Other bonds & U. S. Gov’t deposits...... 4,109.38 securities ...... 1,030,746.97 Public funds ...... 309,583.98 Loans & discounts ...... 2,780,154.58 Total deposits ...... 4,937,221.86 Fixed assets ...... 18,476.00 Other liabilities ...... 115,085.91 Other assets ...... 949.37 Capital stock ...... 100,000.00 Surplus ...... 100,000.00 Undivided profits ...... 168,823.77 R eserv es ...... 40,274.66 Total capital account.. 409,098.43 T otal ...... $5,461,406.20 Total ...... $5,461,406.20 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 92 State of Arkansas: Bank Department

THE PEOPLES BANK, MOUNTAIN HOME Population 3,500 Baxter County Chartered August 10, 1906 P. O. BoxB Telephone Number 425-2166 Zip Code 72653 Officers Directors J. P. Morgan ...... Ch. of the Board R. E. Baker Powers L. Fowler ...... P resid en t Mrs. Nat T. Dyer W y lo D y e r ...... Vice President W y lo D y e r R. E. Baker ...... Vice President Powers L. Fowler Neil N elson ...... Vice Pres. & Cash. J. P. Morgan Charles A. Morton .... Asst. V. Pres. Neil Nelson Rudell Pannell ...... Asst. Cashier W. A. Thompson Gerald Hurst ...... Asst. Cashier Bill Wiseman & A u d ito r

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 1,530,113.74 Demand deposits $ 5,816,572.86 U. S. Gov’t obligations 2,287,799.16 T im e d ep osits ... 6,149,832.24 Other bonds & U. S. Gov’t deposits .... 67,628.04 securities ...... 1,992,534.66 Public funds .... 471,487.05 Loans & discounts ..... 7,809,051.20 Total deposits 12,505,520.18 Fixed assets ...... 49,644.61 Other liabilities 136,958.93 Other real estate ...... 2.00 Capital stock .... 300.000. 00 Other assets ...... 38,559.15 S u rplu s ...... 350.000. 00 Undivided profits 275,901.02 R eserv es ...... 139,324.39 Total capital account 1,065,225.41 T o ta l ...... $13,707,704.52 Total ...... $13,707,704.52

BANK OF MOUNTAIN VIEW, MOUNTAIN VIEW Population 1,568 Stone County Chartered July 21, 1915 P. O. Box C Telephone Number 269-3815 Zip Code 72560 Officers Directors Hubert Hinkle ...... Ch. of Board Hubert Hinkle Glen Hinkle ...... P resid en t Glen Hinkle C. K. Lancaster, Jr...... Vice Pres. C. K. Lancaster, Jr. G. R. Sansom ...... S ecreta ry G. R. Sansom E. B. Watts ...... Vice. Pres. E. B. Watts Charles A. Lowe ...... Cashier Weldon Duncan ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 654,976.67 Demand deposits ...... $2,317,992.52 U. S. Gov’t obligations 1,285,752.90 Time deposits ...... 1,239,296.20 Other bonds & U. S. Gov’t deposits 6,635.11 securities ...... 524,783.31 Public funds ...... 225,564,22 Loans & discounts ...... 1,692,043.50 Total deposits ...... 3,789,488.05 Fixed assets ...... 124,976.56 Capital stock ...... 100,000.00 Other real estate ...... 10,001.00 Surplus ...... 275,000.00 Undivided profits ...... 128,045.89 Total capital account 503,045.89 Total ...... $4,292,533.94 Total ...... $4,292,533.94 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 93

BANK OF MULBERRY, MULBERRY Population 1,000 Crawford County Chartered January 15, 1902 P. O. Box “A” Telephone Number 997-2591 Zip Code 72947 Officers Directors S. B. Stevinson ...... President Chas. A. Beasley Jeta Taylor T. J. House ...... Exec. Vice Pres. Nora House & Cashier T. J. House J. B. House ...... Vice President Joe M. Kirksey C. D, Chastain ...... Asst. Cashier S. B. Stevinson

STATEMENT AS OF JUNE 30, 1970 Assets Cash & due from banks $ 662,487.15 Demand deposits ...... $1,375,919.93 U. S. Gov’t obligations 981,895.45 Time deposits ...... 1,598,785.39 Other bonds & U. S. Gov’t deposits .... 19,664,81 securities ...... 485,981.21 Public funds ...... 216,818.90 L o a n s & discounts ...... 1,338,117.79 Total deposits ...... 3,211,189.03 Fixed assets ...... 25,001.00 Capital stock ...... 50,000.00 Surplus ...... 100,000.00 Undivided profits ...... 101,956.94 R eserv es ...... 30,336.63 Total capital account 282,293.57 T o ta l ...... $3,493,482.60 T o ta l ...... $3,493,482.60

PIKE COUNTY BANK, MURFREESBORO Population 1,500 Pike County Chartered December 19, 1904 P.O .B ox393 Telephone Number 285-4261 Zip Code 71958 Officers Directors Clarence Anthony ...... C hairm an Clarence Anthony R. M. Twyford ...... P resid en t Thomas Bridgeman & Chief Exec. Off. Charles W. Damall Thomas Bridgeman ...... Vice. Pres. Vance Evans Charles W. Damall ...... Vice Pres. Dr. G. J. Floyd, Jr. & Mgr. Mineral Springs Window Cooper Kizzia Cleo Risner ...... C ashier Dr. B. J. Parker Bobby Jo McAllister .... Asst. Cash. Elbert Ray Joyce Woodruff ...... Asst. Cash. R. M. Twyford

STATEMENT AS OF JUNE 30, 1370 Assets Liabilities Cash & due from banks $ 702,683.43 Demand deposits ...... $2,667,575.91 U. S. Gov’t obligations 983,399.00 Time deposits ...... 2,511,584.71 Other bonds & U. S. Gov’t deposits .... 4,365.21 securities ...... 1,196,707.54 Public funds ...... 913,968.08 Excess funds sold Total deposits ...... 6,097,493.91 (F e d e ra l) ...... 355,000.00 Other liabilities ...... 346,942.49 Loans & discounts ...... 3,832,694.86 Capital stock ...... 200,000.00 Fixed assets ...... 23,909.79 Surplus ...... 200,000.00 Other real estate ...... 1.00 Undivided profits ...... 201,831.51 Other assets ...... 4,098.85 R eserv es ...... 52,226.56 Total capital account 654,058.07 Total ...... $7,098,494.47 Total ...... $7,098,494.47

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 94 State of Arkansas: Bank Department

BANK OF NEWARK, NEWARK

Population 834 Independence County Chartered October 10, 1944 P.O.Box 158 Telephone Number 799-3221 Zip Code 72562 Officers Directors Jack L. Magness ...... President Jack L. Magness Mrs. Stella Cash Vice President Mrs. Stella Cash J. W. Freeze ...... Vice President J. W. Freeze Houston House ...... C ash ier Mrs. Jo Magness ...... Asst. Cashier

STATEMENT AS OF JUNE 30. 1970 Assets Liabilities Cash & due from banks $ 247,360.47 Demand deposits ...... $ 795,969.33 U. S. Gov’t obligations 302,000.00 Time deposits ...... 14,700.00 Other bonds & U. S. Gov’t deposits .... 5,470.37 securities ...... 118,322.87 Public funds ...... 100,145.88 Loans & discounts ...... 439,333.00 Deposits of banks ...... 19,284.82 Fixed assets ...... 2.00 Total deposits ...... 935,570.40 Capital stock ...... 25,000.00 Surplus ...... 50,000.00 Undivided profits ...... 92,145.16 Reserves ...... 4,302.78 Total capital account 171,447.94 T o ta l ...... $1,107,018.34 Total ...... $1,107,018.34

BANK OF NEW EDINBURG, NEW EDINBURG

Population 200 Cleveland County Chartered August 22, 1904 P. O. Box 38 Telephone Number 352-2592 Zip Code 71660 Officers Directors Ray Attwood ...... President Ray Attwood W. K. Parham ...... Vice President W. K. Parham Geneva Attwood ...... C a sh ier Geneva Attwood

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks ..$169,649.29 Demand deposits...... $349,564.29 U. S. Gov’t obligations. .. 259,613.10 Time deposits ...... 99,268.46 Other bonds & U. S. Gov’t deposits ...... 64.18 securities ...... 21,814.95 Public funds ...... 30,560.56 Loans & discounts 91,301.86 Total deposits ...... 479,457.49 Fixed assets ...... 707.00 Other liabilities ...... 425.16 Capital stock ...... 25,000.00 Surplus ...... 12,000.00 Undivided profits ...... 26,203.55 Total capital account..... 63,203.55 T otal $543,086.20 T otal ...... $543,086.20

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 95

MERCHANTS & PLANTERS BANK, NEWPORT Population 7,800 Jackson County Chartered March 30, 1946 P. O. Box 550 Telephone Number 523-2146 Zip Code 72112 Officers Directors P. L. Copeland ...... P resid en t R. C. Biggadike L. H . C o n d it t ...... Exec. Vice Pres. M orris L. B ow m a n R. W. Smith...... Vice President R. Owen Burton W. F. Denton .... Asst. Vice President L. H. Conditt Ada Marie M ink ...... Sec. & Asst. P. L. Copeland C a sh ier John L. Conner Maurine Heard ...... Loan Teller & James O. Dupree Asst. Cashier Dr. Troy A. Gray Anna J. Guinn ...... Asst. Cashier Frank A. Rogers A lic e F o x ...... Asst. Cashier Robert Harvey Nora Lee Wilson ...... Sec. & Asst. Fred M. Pickens, Jr. C a sh ier Paul K. Holmes, Jr. Patsy Fletcher ...... Asst. Cashier Charles McCartney Ralph McDonald, Jr. Leonidas Mack A. F. Minor, Jr. STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 1,957,490.48 Demand deposits ...... $ 4,592,829.32 U. S. Gov’t obligations.. 1,328,502.50 Time deposits ...... 4,011,710.13 Other bonds & U. S. Gov’t deposits .... 173,223.44 securities ...... 1,630,853.28 Public funds ...... 1,210,011.61 Excess funds sold Deposits of banks ...... 669,333.60 (F e d e r a l) ...... 300,000.00 T o ta l d ep osits .. 10,657,108.10 Loans & discounts ...... 6,483,412.26 Borrowed money 80,000.00 Fixed assets ...... 118,679.47 Other liabilities .. 76,974.85 Other real estate ...... 40,000.00 Capital stock ..... 225.000. 00 Other assets ...... 109,240.21 S u rplu s ...... 400.000. 00 Undivided profits 382,931.15 R eserv es ...... 146,164.10 Total capital account 1,154,095.25 T o ta l ...... $11,968,178.20 T o ta l ...... $11,968,178.20 MATTHEWS COMPANY, NORTH LITTLE ROCK (Not Engaged in Commercial Banking) Population 62,000 Pulaski County Chartered February 16, 1955 Telephone Number 753-3455 P. O. Box 4088 Zip Code 72116 Officers Directors James P. Matthews ...... P resid en t John Pope Matthews Charles D. M atthews ...... V ic e P res. Martha D. Matthews Eunice Kumpe ...... Sec.-Treasurer James P. Matthews Charles D. Matthews STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks.. 52,629.10 Borrowed m oney ...... $2,001,357.88 Other bonds & Other liabilities ...... 639,519.60 securities ...... 371,885.30 Capital stock ...... 100,000.00 Loans & discounts . 1,772,888.21 Surplus ...... 55,000.00 Fixed assets ...... 56,941.38 Undivided profits ...... 78,722.89 Other assets ...... 620,256.38 Total capital account . 233,722.89 Total ...... 12,874,600.37 Total ...... $2,874,600.37

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 9 6 State of Arkansas: Bank Department THE TWIN CITY BANK, NORTH LITTLE ROCK Population 62,000 Pulaski County Chartered March 21, 1935 P. O. Box 5581 Telephone Number 375-5361 Zip Code 72119 O ffice rs Directors C. T. W ells ..... Chmn. of the Board John Blodgett T. E. Renaud ..... Pres, & Chief Ex. Ralph Gotham, Jr. O ffic e r C. T. Wells J. Grayson Dickson ..... V. Pres. & Frank Lyon, Jr. C a sh ier J. O. Mayhugh John Schick ...... Vice President Mike Mehaffy Edward M, Penick, Jr ...... V ic e P res. Eugene M. Pfeifer, III Rudy Del Donno ..... Vice President T. E. Renaud Raymond A. Clifton .. A. Vice Pres. George M. Rozzell, Jr. C. H, Fuller ...... A. Vice President R . J. R u st Max H. M arks ...... A . C a sh ier Bill Gieck ...... A. Cashier Mrs. Wanda Claussen .... A. Cashier STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 2,401,160.11 Demand deposits ...... $10,068,115.83 U. S. Gov’t obligations 1,886,806.25 Time deposits ...... 8,860,344.28 Other bonds & U. S. Gov’t deposits .... 438,625.00 securities ...... 6,099,873.34 Public funds ...... 5,174,497.12 Excess funds sold Total deposits ...... 24,541,582.23 (F e d e r a l) ...... 1,900,000.00 Other liabilities ...... 672,543.16 Loans & discounts...... 14,723,254.44 Capital stock ..... 1,700,000.00 Surplus ...... 300,000.00 Undivided profits ...... 204,769.56 Fixed assets . 216,042.42 Reserves ...... 124,940,18 Other assets 316,698.57 Total capital account 2,329,709.74 T ota l 127,543,835.13 Total ...... $27,543,835.13

THE PLANTERS BANK, OSCEOLA Population 8,000 Mississippi County Chartered April 13, 1944 P. O. Box 407 Telephone Number 563-2666 Zip Code 72370 Officers Directors L. C. B. Young Chmn. of Board Paul Billings R. H. Foster ...... President J. A. Crosthwait J. F. Herndon ...... Exec. V. Pres. & Joe W. Edrington C a sh ier Richard H. Foster Nathan Weinberg .... Vice President Dewey Neely Fred Boling ...... Vice President E. H. Riley Marjorie Doyle ..... Asst. Vice Pres. H. J. Swift June Welborn ...... Asst. Vice Pres. W. M. Taylor, Jr. Nathan Weinberg L. C. B. Young STATEMENT AS OF JUNE 30, 1970 Assets Tlahilitiof Cash & due from banks $1,386,176.46 Demand deposits ...... $2,960,574.59 U. S. Gov’t obligations.. 1,372,547.37 Time deposits ...... 3,740,894.06 Other bonds & U. S. Gov’t deposits...... 113,357.82 securities ...... 1,216,578.25 Public funds ...... 1,593,719.25 Excess funds sold Total deposits ...... 8,408,545.72 (F e d e r a l) ...... 200,000.00 Other liabilities ...... 174,936.13 Loans & discounts...... 4,903,215.43 Capital notes & deb’t .... 180,000.00 Fixed assets ...... 150,316.42 Capital stock ...... 155,000.00 Other assets ...... 150,105.96 Surplus ...... 365,000.00 Undivided profits ...... 93,896.67 Reserves ...... 1,561.37 _____ Total capital account.. 795,458.04 Total ...... $9,378,939.89 Total ...... $9,378,939.89

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 97

BANK OF OZARK, OZARK Population 2,650 Franklin County Chartered June 9, 1937 P. O. Box 196 Telephone Number 667-2181 Zip Code 72949 Officers Directors C. J. Piester ..... Pres. & Ch. of Bd. C. J. Piester Porter Hillard Ora Mae Piester .. Exec. Vice Pres. Ora Mae Piester Jim Hillard Don Smith ... Vice Pres. & Cashier Don Smith Frances Caleb H. E. Carlile ...... Vice. Pres. H. E. Carlile Bill C. Piester Margaret Carlile ...... Vice. Pres. Margaret Carlile Bob J. Piester Jeta Taylor Calvin Piester STATEMENT AS OF JUNE 30. 1970 Assets Liabilities Cash & due from banks $ 901,443.24 Demand deposits ...... $3,764,445.75 U. S. Gov’t obligations 3,292,120.44 Time deposits ...... 1,766,552.84 Other bonds & U. S. Gov’t deposits .... 53,261.13 securities ...... 1,120,504.67 Public funds ...... 596,727.16 Loans & discounts ...... 1,540,737.01 Deposits of banks ...... 10,000.00 Fixed assets ...... 37,651.57 Total deposits ...... 6,190,986.88 Other real estate ...... 15,575.00 Excess funds purchased Other assets ...... 126,532.24 (Fed) ...... 200,000.00 Other liabilities ...... 68,778.08 Capital stock ...... 150,000.00 Surplus ...... 150,000.00 Undivided profits ...... 263,217.19 R eserv es ...... 11,582.02 Total capital account 574,799.21 T o ta l ...... $7,034,564.17 Total ...... $7,034,564.17

SECURITY BANK. PABAGOULD Population 10,000 Greene County Chartered February 5, 1931 P. O. Box 670 Telephone Number 239-9571 Zip Code 72450 Officers Directors Marlin D. Jackson ...... President Marlin D. Jackson Scott Noel ...... Exec. Vice Pres. S co tt N oel George Jackson ...... Vice Pres. John Williamson Mary Bynum ...... Vice Pres. Vernon Williams Joe Fitzpatrick Marketing Off. D. G. White Melvin Wamock ...... Farm Rep. Robert Rose Ernie Ashford ...... C a sh ier Paul Keeton Aaron Don Pillow .... Asst. Cashier Earl Gramling Reba Neely ...... Asst. Cashier G. I. Higgins Donald I. Purcell Wally DeRoeek STATEMENT AS OF JUNE 30. 1970 A ssets liabilities Cash & due from banks $ 997,863.19 Demand deposits ...... $ 3,805,437.37 U. S. Gov’t obligations 908,209.46 Time deposits ...... 6,145,811.68 Other bonds & U. S. Gov’t deposits .. 100,271.20 securities ...... 2,366,280.14 Public funds ...... 1,122,420.08 Excess funds sold ...... 1,000,000.00 Total deposits ...... 11,173,940.33 Loans & discounts .... 6,794,372.93 Other liabilities ...... 113,637.03 Fixed assets ...... 182,412.37 Capital notes & deb’t . 200,000.00 Other real estate ...... 10,000.00 Capital stock ...... 300,000.00 Other assets ...... 11,660.56 Surplus ...... 300,000.00 Undivided profits .... 183,221.29 Total capital account 983,221.29 Total ...... $12,270,798.65 T o ta l ...... $12,270,798.65

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 98 State of Arkansas: Bank Department

BANK OF PARKDALE, PARKDALE Population 455 Ashley County Chartered February 1, 1910 P. O. Box 37 Telephone Number 473-2412 Zip Code 71661 Officers Directors J. A. Williams ...... P resid en t J. A. Williams J. P. Caldwell .. Vice Pres. & Cash. J. P. Caldwell Dorothy H. Caldwell .... Asst. Cash. Dorothy T. Williams

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 194,131.86 Demand deposits ...... $ 756,731.46 U. S. Gov’t obligations 658,878.00 Time deposits ...... 450,176.14 Other bonds & U. S. Gov’t deposits ... 565.20 securities ...... 67,124.00 Public funds ...... 131,917.46 Loans & discounts ...... 725,465.67 Total deposits ...... 1,339,390.26 Fixed assets ...... 5,641.82 Capital stock ...... 30,000.00 Surplus ...... 80,000.00 Undivided profits ...... 199,851.09 Reserves ...... 2,000.00 Total capital account 311,851.09 T o ta l ...... $1,651,241.35 Total ...... $1,651,241.35

FIRST STATE BANK, PARKIN Population 1,858 Cross County Chartered June 5, 1925 P. O. Box 526 Telephone Number 755-5401 Zip Code 72373 Officers Directors H. L. Coldren ...... C hairm an Fred E. Brenner, Jr. Wallace Martin ...... President John A. Brenner S. N. Green .... Exec. V. P. & Cashier H. L. Coldren Fred 1. Brenner, Jr...Vice President S. N. Green Patsy Wootten ...... Asst. Cashier Billy S. Hix Wallace Martin Charles D. Thomas

STATEMENT AS OF JUNE 30. 1970 A ssets L ia b iU iies Cash & due from banks $ 244,625.93 Demand deposits ...... $ 963,309.64 U. S. Gov’t obligations. .. 203,000.00 Time deposits ...... 1,102,437.59 Other bonds & U. S. Gov’t deposits ...... 15,138.57 securities ...... 486,500.06 Public funds ...... 201,319.93 Loans & discounts ...... 1,653,849.58 Total deposits ...... 2,282,205.73 Fixed assets ...... 44,949.02 Other liabilities ...... 37,763.36 Other assets ...... 33,136.99 Capital stock ...... 100,000.00 Surplus ...... 100,000.00 Undivided profits ...... 129,640.43 Reserves ...... 16,452.06

TotalJL v wCIi capital J. IC U Oaccount v V v U l > i I * . . %M 346,092.49 JtvPjVf T otal .... $2,666,061.58 Total ...... $2,666,061.58 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 99

BANK OF PEA RIDGE. PEA RIDGE Population 1,078 Benton County Chartered May 6, 1911 P.O.Box5 Telephone Number 451-2175 Zip Code 72751 O fficers D irectors Sam M. Walton. Chairman of Board Sam M. Walton Hearn Oliver ...... President Hearn Oliver R . E. B u c k ...... Secretary R . E. B u ck Eufaula A bbott ...... C ash ier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks. .$ 236,356.03 Demand deposits ...... $ 679,805.69 U. S. Gov’t obligations.. 249,972.44 Time deposits ...... 581,463.77 Other bonds & U. S. Gov’t deposits ..... 950.00 securities ...... 15,500.00 Public funds ...... 60,818.51 Excess funds sold Total deposits ...... 1,323,037.97 (F e d e r a l) ...... 345,000.00 Capital stock ...... 25,000.00 Loans & discounts ...... 584,552.41 S u rplu s ...... 50,000.00 Other real estate ...... 43,402.46 Undivided profits ...... 81,433.41 Other assets ...... 5,952.55 R eserv es ...... 1,264,51 Total capital account . 157,697.92 T ota l ...... $1,480,735.89 T ota l ...... $1,480,735.89

THE PERRY COUNTY BANK. PERRYVILLE Population 790 Perry County Chartered December 8, 1945 P. O. Box 188 Telephone Number 889-2318 Zip Code 72126 Officers Directors M. J. VanDalsem .... Chmn. of Board M. J. VanDalsem J. D. Parish ...... P resid en t J. D. Farish J. H. Moore ...... Exec. Vice Pres. Mildred Farish T. O. Spence...... Vice President Sallie Jones Alice Holbrook ...... C a sh ier Mar-Jo Spence Velma Dunn ...... Assistant Cashier T. O. Spence Norma D. Robinson .... Asst. Cashier J. H. Moore

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 610,056.03 Demand deposits ...... $1,537,361.63 U. S. Gov’t obligations.. 1,021,609.00 Time deposits ...... 1,472,265.07 Other bonds & U. S, Gov’t deposits ..... 10,614.48 securities ...... 542,513.48 Public funds ...... 333,578.70 Loans & discounts...... 1,534,327.85 Total deposits ...... 3,353,819.88 Fixed assets ...... 30,707.65 Other liabilities ...... 71,029.14 Capital stock ...... 50,000.00 Surplus ...... 90,000.00 Undivided profits ...... 174,364.99 Total capital account. 314,364.99 Total ...... $3,739,214.01 Total ...... $3,739,214.01 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1 0 0 State of Arkansas: Bank Department

PIGGOTT STATE BANK, PIGGOTT Population 3200 Clay County Chartered March 10, 1930 P. O. Box 307 Telephone Number 598-2271 Zip Code 72454 O fficers D ire cto rs T. W. Leggett, J r...... P re sid e n t T. W. Leggett, Jr. James L. Magee .... V. Pres. & Cash. James L. Magee Juanita Litzelfelner Vice Pres. Juanita Litzelfelner Janice Kegley ...... Asst. Cashier G. Will Reves J im P o o l e ...... Asst. Cashier John Staples Paula Gossett ...... Asst. Cashier H. C. Robbins, Jr. Eva Nell Beaver ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets T.iaVtUj+loc Cash & due from banks $ 797,370.93 Demand deposits ...... $3,096,309.56 U. S. Gov’t obligations.. 1,243,671.88 Time deposits ...... 790,350.30 Other bonds & U. S. Gov’t deposits ...... 10,716.70 securities ...... 1,013,204.45 Public funds ...... 669,840.60 Loans & discounts ...... 2,016,817.48 Total deposits ...... 4,567,217.16 Fixed assets ...... 71,030.86 Capital stock ...... 100,000.00 Other assets ...... 2.04 Surplus ...... 100,000.00 Undivided profits ...... 174,880.48 R eserv es ...... 200,000.00

TotalJL Ul i U i capitalv Ca JL Oaccount.v v w U mI. J> V.. %Jf 574,880.48 I T o ta l ...... $5,142,097.64 T o ta l ...... $5,142,097.64

NATIONAL CREDIT CORPORATION, PINE BLUFF (Act III Industrial Loan Institution) Population 60,000 Jefferson County Chartered April 13, 1941 Telephone Number 535-3250 P. O. Box 5317 Zip Code 71601 Officers Directors N. J. Gantt, Jr ...... President C. A. Davies George Makris C. A. Davies .... Exec. Vice President N. J. Gantt, Jr. C. S. McNew, III George Puddephatt .. Vice President A. P. Hatcher J. G. Smith Simon Joseph ...... Secretary Simon Joseph C. S. McNew, III ...... T rea su rer

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 97,559.96 Time deposits ...... $ 554,803.05 Loans & discounts ...... 1,282,542.61 Total deposits ...... 554,803.05 Fixed assets ...... 15,179.09 Borrowed money ...... 250,000.00 Other assets ...... 17,763.61 Other liabilities ...... 137,977.94 Capital stock ...... 125,000.00 Surplus ...... 75,000.00 Undivided profits ...... 220,442.30 Reserves ...... 49,821.98 Total capital account . 470,264.28 Total ...... $1,413,045.27 Total ...... $1,413,045.27 Digitized for FRASER http://fraser.stlouisfed.org/ Substitute ^Investment Certificates” for OeposH Federal Reserve Bank of St. Louis Fifty-Sixth Report 101

FIRST STATE BANK, PLAINVIEW Population 654 Yell County Chartered January 12, 1934 P. O. Box 277 Telephone Number 272-4221 Zip Code 72857 Officers Directors W. J. Clement ...... Pres. Ch. of Bd. W. J. Clement Thelma W. Clement ..... Vice. Pres. Thelma W. Clement Edw. H. Sm oot ..... Vice Ch. of Bd. Edw. H. Smoot W. E. W atson...... Cashier Cleo Neuhart Helen Harris Virgil H. Greene, Sr.

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 559,191.23 Demand deposits ...... $1,260,920.66 U. S. Gov’t obligations .. 325,200.97 Time deposits ...... 2,207,497.86 Other bonds & U. S. G ov’t deposits...... 34,240.23 securities ...... 516,320.48 Public funds ...... 255,564.47 Loans & discounts ...... 2,626,882.95 Total deposits ...... 3,758,223.22 Fixed assets ...... 55,928.77 Capital stock ...... 100,000.00 Other real estate ...... 13,991.50 Surplus ...... 100,000.00 Undivided profits ...... 120,640.91 R eserv es ...... 18,651.77 Total capital account . 339,292.68 T o ta l ...... $4,097,515.90 Total ...... $4,097,515.90

BANK OF POCAHONTAS. POCAHONTAS Population 4,700 Randolph County Chartered October 31, 1903 P. O. Box 467 Telephone Number 892-5287 Zip Code 72455 Officers Directors Harry A. B elford .. P resid en t Harry A. Belford J. R. Jackson ...... Vice President E. C. C o x Ruth B. Rogers ...... Secretary J. M. Futrell G. B. Johnson ... Vice Pres. & Cash. J. R. Jackson W. H. Holobaugh .... Asst. Vice Pres. H. G. McNabb M a x L o n g ...... Assistant Cashier M. C. McNabb Emma Rapert ..... Assistant Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $1,235,207.22 Demand deposits ...... $4,162,306.95 U. S. Gov’t obligations.. 1,541,882.25 Time deposits ...... 2,882,444.34 Other bonds & U. S. G ov’t deposits...... 80,822.73 securities ...... 2,175,786.78 Public funds ...... 512,748.29 Loans & discounts ...... 3,319,130.48 Deposits of banks ...... 32,629.97 Fixed assets ...... 47,970.81 Total deposits ...... 7,670,952.28 Other liabilities ...... 39,823.55 Capital stock ...... 125,000.00 Surplus ...... 225,000.00 Undivided profits ...... 231,985.04 Reserves ...... 27,216.67 Total capital account.. 609,201.71 Total ...... $8,319,977.54 Total ...... $8,319*977.54

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 102 State of Arkansas: Bank Department

PLANTERS AND STOCKMEN BANK, POCAHONTAS Population 4,700 Randolph County Chartered June 12, 1962 P. O. Box 587 Telephone Number 892-5252 Zip Code 72455 Officers Directors Paul Morgan ...... President A. J. Baltz C. T. Johnson A. J. Baltz ...... Vice President Wm, Baltz Paul Morgan W. J. Barthel .... Chairman of Board W. J. Barthel Dallas Rowden Pay Sallee ...... Vice President Everett Bates Fay Sallee Dick Trammel ...... Vice President Jerrell Broadway Dick Trammel & Sec. of Board Thomas B. DeClerk Frances Jones ...... C ashier Ted Griffith ...... Asst. Cashier Bea Mathews ...... Asst. Cashier Carolyn Goff ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 398,119.63 Demand deposits ...... $1,795,601.90 U. S. Gov’t obligations 699,763.75 Time deposits ...... 1,682,084.32 Other bonds & Public funds ...... 301,712.21 securities ...... 777,143.23 Total deposits ...... 3,779,398.43 Excess funds sold Capital stock ...... 100,000.00 (F e d e ra l) ...... 225,000.00 Surplus ...... 100,000.00 Loans & discounts ...... 1,946,444.47 Undivided profits ...... 191,089.13 Fixed assets ...... 142,968.61 Reserves ...... 22,394.57 Other assets ...... 3,442.44 Total capital account 413,483.70 T o ta l ...... $4,192,882.13 Total ...... $4,192,882.13

THE PEOPLES BANK, PORTLAND Population 664 Ashley County Chartered January 22, 1908 P. O. Box 178 Telephone Number 737-2236 Zip Code 71663 Officers Directors Victor Edwards ...... President, Ch. Jack Edwards Mary Dean Pugh Mary D. Pugh ...... Vice President Victor Edwards John H. Fish ...... C ash ier Edwin D. Gregory Mildred Pamplin Asst Cashier L e ro y N a ff Bernice Grimes ...... Asst. Cashier Hampton Pugh

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 198,632.82 Demand deposits ...... $ 794,971.44 U. S. Gov’t obligations 809,318.75 Time deposits ...... 793,583.01 Other bonds & U. S. Gov’t deposits .... 11,862.57 securities ...... 240,891.64 Public funds ...... 165.038J5 Loans & discounts 934,480.10 Total deposits ...... 1,765,455.77 Fixed assets ...... 19,860.73 Capital stock ...... 100,000.00 Other assets ...... 1.00 Surplus ...... 150,000.00 Undivided profits ...... 160,464.69 Reserves ...... 27,264.58 Total capital account 437,729.27 Total $2,203,185.04 T o ta l ...... $2,203,185.04

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 103

PORTLAND BANK, PORTLAND Population 664 Ashley County Chartered April 23, 1900 P. O. Box 68 Telephone Number 737-2226 Zip Code 71663 Officers Directors G u s P u gh ...... P resid en t Gus Pugh Tom Pugh C. E, Larrison ...... Exec. Vice Pres. R. B. Newcome George Pugh R. B. Newcome ...... Vice President Bob Pugh Benton Newcome Mack Borgognoni ...... C ashier Jerry Selby ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 311,808.08 Demand deposits ...... $1,141,697.77 U. S. Gov’t obligations 425,650.00 Time deposits ...... 949,454.35 Other bonds & U. S. Gov’t deposits .... 15,103.44 securities ...... 539,302.40 Public funds ...... 247,809.03 Loans & discounts ...... 1,594,306.67 Total deposits ...... 2,354,064.59 Fixed assets ...... 63,883.81 Other liabilities ...... 17,307.40 Other real estate ...... 1.00 Capital stock ...... 100,000.00 Other assets ...... 1,369.00 Surplus ...... 150,000.00 Undivided profits ...... 286,290.46 R eserv es ...... 28,658.51 Total capital account 564,948.97 T o ta l ...... $2,936,320.98 Total ...... $2,936,320.96

FARMERS 8c MERCHANTS BANK, PRAIRIE GROVE Population 1,581 Washington County Chartered August 29, 1904 P. O. Box 207 Telephone Number 846-2115 Zip Code 72753 Officers Directors D. E. Rieff ...... President D. E. Rieff W. H. Thompson ..V. Pres. & Cadi. J. C. Rieff J. C. Rieff ...... Vice President W. H. Thompson Lorene Jones .... Asst. Cash. & Sec. Barry H. Parks Mildred Broyles .... Asst Cashier W. H. Mock Judy Carter ...... Asst. Cashier Argil Bartholomew Patricia Holloway .... Asst. Cashier Billy Joe Bartholomew Gregg Reed ...... Asst. Cashier Lavonne Hall ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $1,465,769.68 Demand deposits ...... $2,866,104.47 U. S. Gov’t obligations 1,117,007.89 Time deposits ...... 3,980,788.41 Other bonds & U. S. Gov’t deposits .... 234,964.59 securities ...... 1,247,006.09 Public funds ...... 181V225.27 Loans & discounts ...... 4,084,275.88 Total deposits ...... 7,269^082174 Fixed assets ...... 26,001.00 Capital stock ...... 150,000.00 Surplus ...... 100,000.00 Undivided profits ...... 374,742.32 R eserv es ...... 46,235.48 Total capital account__ 670.977J6 T otal ...... $7,940,060.54 Total ...... $7,940,060.54 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 104 State of Arkansas: Bank Department

BANK OF PBESCOTT. PBESCOTT Population 4,000 Nevada County Chartered August 10, 1904 P.O .B ox492 Telephone Number 887-2688 Zip Code 71857 Officers Directors Dr. A. W. Hudson ...... Ch. of Board Dr. A. W. Hudson J. D. Stripling Olen Hendrix ...... P resid en t Olen Hendrix J. B. Wingfield W. R. Hambright .... Exec. V. Pres. W. R. Hambright B. A. DeLamar .. ¥. Pres. (Inactive) B. A. DeLamar M. D. Tippit ...... C ash ier M. D. Tippit John C. Clingan ...... Asst. Cash. T. M. Bemis Mrs. Elizabeth W. Crain . Asst. Cash. Gerald Hendrix Mrs. Emogene W. Davis ..Asst. Cash. James W. Hendrix August McCaskill

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 1,446,008.34 Demand deposits ...... $ 4,584,338.13 U. S. Gov’t obligations 2,524,217.00 Time deposits ...... 3,599,942.73 Other bonds & U. S. Gov’t deposits .. 136,066.55 securities ...... 2,032,653.28 Public funds ...... 825,310.99 Loans & discounts .... 4,054,076.11 Total deposits ...... 9,145,658.40 Fixed assets ...... 108,822.05 Capital stock ...... 300,000.00 Other real estate ...... 7,000.00 Surplus ...... 300,000.00 Other assets ...... 4,136.00 Undivided profits ...... 392,876.06 Reserves ...... 38,378.32 Total capital account 1,031,254.38 T o ta l ...... $10,176,912.78 T o ta l ...... $10,176,912.78

BANK OF QUITMAN, QUITMAN Population 350 Cleburne County Chartered August 15, 1903 P.O .B ox97 Telephone Number 589-2401 Zip Code 72131 Officers Directors Ben F. Clark ...... President Ben F. Clark D on B row n ...... Vice President D on B ro w n & Controller N. H. Tarver N. H. Tarver ..... Exec. Vice Pres. Edith Ellis Edith EEis ...... C ash ier J. A Bailey Harry M. Clark ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 479,726.94 Demand deposits ...... $1,420,658.51 U. S. Gov’t obligations 1,452,683.00 Time deposits ...... 1,512,612.60 Other bonds & U. S. Gov’t deposits .... 725.00 securities ...... 357,021.30 Public funds ...... 134,911.57 Loans & discounts ...... 1,087,718.65 Total deposits ...... 3,068,907.68 Fixed assets ...... 17,000.00 Capital stock ...... 50,000.00 Surplus ...... 100,000.00 Undivided profits ...... 175,242.21 Total capital account 325,242.21 T otal ...... $3,394,149.89 Total ...... $3,394,149.89 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 105

THE BANK OF RECTOR, RECTOR Population 2,000 Clay County Chartered November 15, 1930 P. O. Box 7 Telephone Number 595-3591 Zip Code 72461 Officers Directors J. C. Hardin ...... President J. C. Hardin J. A. M arlar ...... Exec. Vice Pres. Mary Lee Hill Mary Lee Hill ..... V. Pres. & Cash. J. A. Marlar R. D. Cranford ...... Vice President Bema Nell Benson .. Asst. Cashier Mary Wagner ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 622,163.32 Demand deposits ...... $2,267,629.95 U. S. Gov’t obligations 938,937.50 Time deposits ...... 2,339,167.86 Other bonds & U. S. Gov’t deposits .... 18,478.68 securities ...... 1,732,285.41 Public funds ...... 301,674.33 Loans & discounts ...... 2,435,797.94 Deposits of banks ...... 2,981.13 Fixed assets ...... 14,132.09 Total deposits ...... 4,929,931.95 Other real estate ...... 30,344.19 Capital stock ...... 100,000.00 Other assets ...... 1.00 Surplus ...... 325,000.00 Undivided profits ...... 126,521.00 R eserv es ...... 292,208.50 Total capital account 843,729.50 Total ...... $5,773,661.45 Total ...... $5,773,661.45

FARMERS & MERCHANTS BANK, REYNO Population 348 Randolph County Chartered December 8, 1911 P. O. Box 108 Telephone Number 769-2240 Zip Code 72462 Officers Directors Joe T. Wilson ...... President H. A. Belford J. R. Jackson ...... Vice President J. M. Futrell Ida M. Eddington ...... Cashier J. R. Jackson Theda Ferguson ...... Asst. Cashier Joe T. Wilson Phyllis Burrow ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 489,078.14 Demand deposits ...... $ 818,528.30 U. S. Gov’t obligations 545,254.39 Time deposits ...... 579,800.05 Other bonds & U, S. Gov’t deposits .... 2,685.43 securities ...... 175,871.35 Public funds ...... 342,654.75 Loans & discounts ...... 694,764.93 Total deposits ...... 1,743,668.53 Fixed assets ...... 11,097.35 Other liabilities ...... 6,431.26 Capital stock ...... 50,000.00 S u rplu s ...... 50,000.00 Undivided profits ...... 56,885.80 R eserv es ...... 9,080.57 Total capital account 165,966.37 Total $1,916,066.16 Total ...... $1,916,066.16

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 106 State of Arkansas: Bank Department

THE BANK OF RISON. BISON Population 1,298 Cleveland County Chartered March 7, 1932 P. O. Box 345 Telephone Number FA 5-6338 Zip Code 71665 Officers Directors Herman Davidson ...... President Herman Davidson J. E. Goggans ...... Vice President J. E. Goggans James L. Moore ..... Vice President James L. Moore James R. Hopson .... Vice President James R. Hopson Hazel Smith ...... C ashier Mary Stephens ...... Asst. Cashier Glenna Knowles ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 349,246.97 D em and d ep osits ...... $1,425,273.98 U. S. Gov’t obligations 793,840.63 Time deposits ...... 965,117.13 Other bonds & U. S. Gov’t deposits .... 42,543.10 securities ...... 1,059,782.60 Public funds ...... 411,918.46 Excess funds sold Total deposits ...... 2,844,852.67 (F e d e ra l) ...... 100,000.00 Capital stock ...... 100,000.00 Loans & discounts ...... 1,019,228.65 Surplus ...... 100,000.00 Fixed assets ...... 5,458.60 Undivided profits ...... 268,722.32 Other assets ...... 2,974.59 R eserv es ...... 16,957.05 Total capital account 485,679.37 T o ta l ...... $3,330,532.04 T o ta l ...... $3,330,532.04

FARMERS 8e MERCHANTS BANK. ROGERS Population 10,729 Benton County Chartered March 13, 1956 P. O. Box 250 Telephone Number 636-4233 Zip Code 72756 O fficers D irectors Dorman F. Bushong ...... P resid en t Dorman F. Bushong Carl Shores Hardy A. Stephenson Exec. V. P. A. N. Garrett F. A. Teague R. Z. Goodwin ...... Vice President V a n ce H ill Bob G. Hayes ...... Cashier James L. Pickens, M.D. Mrs. Jenella Buttry .. Asst. Cashier J. A . R ife

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 1,517,432.60 Demand deposits ...... $ 5,321,111.95 U. S. Gov’t obligations 1,398,097.11 Time deposits ...... 3,618,561.01 Other bonds & U. S. Gov’t deposits 149,852.17 securities ...... 973,307.52 Public funds ...... 176,100.27 Loans & discounts 6,187,779.90 Total deposits ...... 9,265,625.40 Fixed assets ...... 178,970.13 Other liabilities ...... 140,452.41 Other assets ...... 22,690.47 Capital stock ...... 200,000.00 S u rplu s ...... 200,000.00 Undivided profits ...... 472,199.92 Total capital account 872,199.92 T otal $10,278,277.73 Total ...... $10,278,277.73

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 107

THE BANK OF RUSSELLVILLE, RUSSELLVILLE Population 12,000 Pope County Chartered December 23, 1897 P. O. Box 100 Telephone Number 968-1234 Zip Code 72801 Officers Directors G. Harold Neal...... President G. Harold Neal Robert H. Parker .. Exec. Vice Pres. Robert H. Parker James A. Hardin ..... Vice President M. J. Hickey James N. Garett .... Asst. Vice Pres. Floyd Ragsdale B. J. Roderick ...... Cashier Joe H. Paulk Kathryn Hobbs ...... Asst. Cashier Joe Goodwin Polly D. Harger ...... Asst. Cashier L. R. Roberts J o e B e c k e r ...... Asst. Cashier John DornBlaser Joann Vaughan ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 2,793,123.71 Demand deposits ...... $ 6,058,919.63 U. S. Gov’t obligations 3,779,424.40 Time deposits ...... 10,317,243.49 Other bonds & U. S. Gov’t deposits ..... 171,041.21 securities ...... 3,626,238.27 Public funds ...... 1,651,407.73 Excess funds sold Deposits of banks...... 135,107.80 (F e d e r a l) ...... 600,000.00 Total deposits ...... 18,333,719.86 Loans & discounts ...... 8,981,997.38 Borrowed money ...... 72,000.00 Fixed assets ...... 418,849.82 Other liabilities ...... 358,766.67 Other real estate ...... 45,002.00 Capital notes & deb’t .. 300,000.00 Other assets ...... 355,274.25 Capital stock ...... 150,000.00 S u rplu s ...... 600,000.00 Undivided profits ...... 785,423.30 Total capital account 1,835,423.30 T o ta l , $20,599,909.83 T o ta l ...... $20,599,909.83

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 108 State of Arkansas: Bank Department

PEOPLES BANK & TRUST COMPANY, RUSSELLVILLE Population 12,000 Pone Countv Chartered March 24, 1890 P. O. Box 220 Telephone Number 968-2112 Zip Code 72801 Officers Directors Donald Barger .... Chmn. of the Bd. Donald Barger & Chief Exec. Officer George C. Jackson George C. Jackson ...... P resid en t Ward J, Ramsay Ward J. Ramsey ..... Exec. V. Pres. J. Madison White J. Madison White .... Vice President Cleo Cheek M. L. Dickerson .. Senior Vice Pres. G. M. Cook Tom Hargis ..... Vice President and Charles M. Howell Trust Officer Ike A. Laws Charles F. Howell .. V. P. & Cashier Roy I. Millard, M.D. Lorin Spangler .... Assistant Cashier Flave W. Peters Jerry Smith ...... Asst. Cashier & Hence J. Priddy Mgr., Pottsville Office Bert L. Page, Jr. .. Assistant Cashier Mary Louise Hoffman .... Asst. Cash. Arminta Jones .... Assistant Cashier STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 4,300,248.63 Demand deposits ...... $ 8,282,081.97 U. S. Gov’t obligations 4,113,363.79 Time deposits ...... 11,538,079.45 Other bonds & U. S. Gov’t deposits ..... 185,452.42 securities ...... 4,463,144.94 Public funds ...... 1,533,678.85 Excess funds sold Deposits of banks ...... 334,063.46 (F e d e r a l) ...... 1,000,000.00 Total deposits ...... 21,873,356.15 Loans & discounts ...... 9,783,068.15 Capital stock ...... 600,000.00 Fixed assets ...... 181,545.30 Surplus ...... 400,000.00 Other real estate ...... 125,800.00 Undivided profits ...... 700,506.99 R eserv es ...... 393,297.67 Total capital account 2,093,804.66 T o ta l ...... $23,967,160.81 Total ...... $23,967,160.81

BANK OF SALEM, SALEM Population 1,199 Fulton County Chartered December 9, 1908 P. O. Box 338 Telephone Number 895-3204 Zip Code 72576 Officers Directors Jim Humphries ...... President Jim Humphries Fay Castleberry .... Exec. Vice Pres. Fay Castleberry Corwin Mosey ...... Vice President George Humphries George Humphries Cashier Corwin Mosey Bess O. Northcutt ..... Asst. Cashier Richard Humphries Richard Humphries .... Asst. Cashier Jean Humphries STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $1,037,977.20 Demand deposits ...... $3,035,210.56 U. S. Gov’t obligations. 1,756,454.50 Time deposits ...... 1,640,315.35 Other bonds & U. S. Gov’t deposits ...... 45,946.75 securities ...... 625,256.27 Public funds ...... 318,135.55 Loans & discounts ...... 2,080,429.04 Total deposits ...... 5,039,608.21 Fixed assets ...... 76,088.28 Capital stock ...... 100,000.00 S u rp lu s ...... 100,000.00 Undivided profits ...... 311,482.73 Reserves ...... 25,114.35 Total capital account" 536,597.08 Total . $5,576,205.29 Total ...... $5,576,205.29

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 109

LOGAN COUNTY BANK. SCRANTON Population 229 Logan County Chartered April 7, 1926 P.O.Box81 Telephone Number 938-2511 Zip Code 72863 Officers Directors J. B. Layes ...... Chairman of Board J. B. Layes Frank Ahne ...... President F ra n k A h n e Joe Fritsche Viee Pres. & Cash. Joe Fritsehe Emma Raper ...... Asst. Cashier STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 278,193.55 Demand deposits ...... $1,095,295.30 U. S. Gov’t obligations 743,400.06 Time deposits ...... 765,365.13 Other bonds & U. S. Gov’t deposits .... 9,529.22 securities ...... 307,663.20 Public funds ...... 78,232.95 Loans & discounts ...... 854,201.31 Total deposits ...... 1,948,422.60 Fixed assets ...... 6,497.26 Capital stock ...... 50,000.00 Other assets ...... 1,063.00 Surplus ...... 50,000.00 Undivided profits ...... 126,040.82 R eserv es ...... 16,554.96 Total capital account 242,595.78 T o ta l ...... $2,191,018.38 Total ...... $2,191,018.38

FIRST SECURITY BANK, SEARCY Population 9,200 White County Chartered February 6, 1932 P. O. Box 1008 Telephone Number 268-5831 Zip Code 72143 Officers Directors E. O. Yancey ..... Ch. of the Board Truman Baker Bert Mullens ...... P resid en t Dr. Clifton Ganus E. D. Yancey ...... Exec. Vice Pres. B. C. Huddleston Ralph Duncan ...... Sr. Vice Pres. Bert Mullens Joe S. Pierce ...... Vice President Joe S. Pierce B. C. Huddleston .... Vice President Kenny Rand E. D. Crow ...... Asst. Vice Pres. J. W. Sanford Jim Wilson ...... Asst. Vice Pres. M. O. Thompson Audrey Blasingame ..... Asst. Cash. E. D. Yancey Clotine Pennington ...... M anager, E. O. Yancey McRae Office Ray A. YarneM Alvin Van Hook STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 1,746,177.71 Demand deposits ...... $ 6,537,071.33 U. S. Gov’t obEgations 3,054,334.15 Time deposits ...... 5,928,694.52 Other bonds & U. S. Gov’t deposits .. 139,833.51 securities ...... 2,412,319.61 Public funds ...... 1,896,435.31 Excess funds sold Deposits of banks ...... 80,857.29 (F ed era l) ...... 750,000.00 Total deposits ...... 14,582,891.96 Loans & discounts ..... 7,981,758.38 Borrowed money ...... 49,600.00 Fixed assets ...... 287,615.27 Other liabilities ...... 163,549.88 Other real estate ...... 1.00 Capital stock ...... 300,000.00 Surplus ...... 700,000.00 Undivided profits ...... 311,210.74 Reserves ...... 124,953.54 Total capital account 1,436,164.28 Total .....$16,232,206.12 Total ...... $16,232,206.12

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 110 State of Arkansas: Bank Department

GRANT COUNTY BANK, SHERIDAN Population 2,366 Grant County Chartered July 29, 1903 P.O.Box67 Telephone Number 942-3147 Zip Code 72150 Officers Directors D. E. McCoy, Sr . Ch. of Board A. L. Blakely A. L. Blakely ..... Vice Ch. of Board Harold Boatright D. E. McCoy, Jr...... President D. E. McCoy, Jr. Harold Boatright .. V. Pres. & Cash. D. E. McCoy, Sr. Coats A. Mitchell .... Vice President Coats A. Mitchell Eddie W. Sligh ..... Operations Off. W. Lee Tucker Sue D. Davis ...... Asst. Cashier Olga M. Winkle ...... Asst. Cashier Betty Pruitt ...... Head Teller June Herrington ...... H ead B ook k e e p e r STATEMENT AS OF JUNE 30. 1970 Assets Liabilities Cash & due from banks $ 862,323.25 Demand deposits ...... $3,009,082.66 U. S. Gov’t obligations 734,256.12 Time deposits ...... 3,600,363.26 Other bonds & U. S. Gov’t deposits .... 73,335.05 securities ...... 1,911,621.74 Public funds ...... 327,482,30 Excess funds sold Total deposits ...... 7,010,263.27 (F e d e ra l) ...... 200,000.00 Other liabilities ...... 259,951.12 Loans & discounts ...... 4,125,999.51 Capital stock ...... 150,000.00 Fixed assets ...... 185,942.43 Surplus ...... 150,000.00 Other real estate ...... 11,300.00 Undivided profits ...... 398,400.76 Other assets ...... 976.00 Reserves ...... 63,803.90 Total capital account 762,204.66 T o ta l ...... $8,032,419.05 T o ta l ...... $8,032,419.05

FIRST STATE BANK. SHERWOOD Population 2,600 Pulaski County Chartered July 28, 1965 P. O. Box 6009 Telephone Number 835-4122 Zip Code 72116 Officers Directors Harry L. Hastings, Jr., Chairman James A. Wellons ...... P resid en t James A. Wellons Mark M. Davis ..... Exec. Vice Pres. Mark M. Davis Jesse R. R ich ...... C ashier H. J. D en t Carolyn P eeler ...... Asst. Cashier B. E. Henson James C. Nichols Tilmon Waters STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 583,575.99 Demand deposits ...... $1,383,433.36 U. S. Gov’t obligations.. 840,815.00 Time deposits ...... 1,238,458.46 Other bonds & U. S. Gov’t deposits ..... 49,223.94 securities ...... 582,916.66 Public funds ...... 1,379,974,17 Excess funds sold Total deposits ...... 4,051,089.93 (F e d e r a l) ...... 650,000.00 Other liabilities ...... 44,184.12 Loans & discounts ...... 1,736,539.85 Capital stock ...... 100,000.00 Fixed assets ...... 92,007.03 Surplus ...... 200,000.00 Other assets ...... 3,198.69 Undivided profits ...... 71,739.23 Reserves ...... 22,039.94 Total capital account.. 393,779.17 Total ...... $4,489,053.22 Total ...... $4,489,053.22 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 111

BANK OF SIDNEY, SIDNEY Population 97 Sharp County Chartered September 17, 1912 P. O. Box 7 Telephone Number 283-5725 Zip Code 72577 O fficers D irectors Thomas A. Bone ...... P resid en t Thomas A. Bone R. C. Pounders ...... Vice President R. C. Pounders Atalee C. Pounders .... Asst. Cashier Atalee C. Pounders

STATEMENT AS OF JUNE 30, 1970

A ssets Liabilities Cash & due from banks.. .$175,085.22 Demand deposits ...... $454,397.89 U. S. Gov’t obligations..... 308,237.80 Public funds ...... 5,079.80 Loans & discounts ...... 11,318.53 Total deposits ...... 459,477.69 Other assets ...... 2.00 Capital stock ...... 5,000.00 Surplus ...... 15,000.00 Undivided profits ...... 13,776.63 R eserv es ...... 1,389.23 Total capital account 35,165.86 T o ta l ...... $494,643.55 Total ...... $494,643.55

ARKANSAS STATE BANK, SILOAM SPRINGS Population 5,500 Benton County Chartered January 12, 1960 P. O. Box 400 Telephone Number 524-4131 Zip Code 72761 Officers Directors Graydon E. Comstock ...President & Delbert E. Allen Chmn. of Board Homer Bynum Bob Stalnaker ...... Vice President Graydon E. Comstock Henry Brosell, Jr...... C ash ier C. Ralph Jones Ivy Walker, Jr ...... Asst. Vice Pres. Lloyd E. Peterson Genevieve L. Mitchell . Asst. Cashier M. H. (Bill) Simmons Bob Stalnaker

STATEMENT AS OF JUNE 30. 1970

A ssets liabilities Cash & due from banks $ 814,347.73 Demand deposits ...... $2,338,827.50 U. S. Gov’t obligations.. 541,747.79 Time deposits ...... 2,108,048.86 Other bonds & U. S. Gov’t deposits ..... 165,165.73 securities ...... 1,120,791.04 Public funds ...... 187,450.23 Excess funds sold Total deposits ...... 4,799,492.32 (F e d e r a l) ...... 400,000.00 Other liabilities ...... 121,842.55 Loans & discounts ...... 2,498,809.97 Capital stock ...... 120,000.00 Fixed assets ...... 24,578.21 Surplus ...... 100,000.00 Other assets ...... 6,958.45 Undivided profits ...... 235,685.17 R eserv es ...... 30,213.15 Total capital account . 485,898.32 Total $5,407,233.19 T otal ...... $5,407,233.19

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 112 State of Arkansas: Bank Department

SMACKOVER STATE BANK, SMACKOVER

Population 2,434 Union County Chartered April 28, 1928 P. O. Box 107 Telephone Number 725-3051 Zip Code 71762 Officers Directors Max A. Mitcham ...... P resid en t Max A. Mitcham Max O. Taylor ..... Exec. Vice Pres. Homer T. Rogers L . E . Tennyson, Jr...... Vice Pres. Max O. Taylor Mrs. Audna L. Ward ...... C ash ier James M. Tennyson Mrs. Ilda Taylor ..... Asst. Cashier L. E. Tennyson, Jr. Richard H. Vickers

STATEMENT AS OF JUNE 30. 1970

A ssets Liabilities Cash & due from banks $ 828,295.06 Demand deposits ...... $2,275,031.67 U. S. Gov’t obligations 1,048,442.66 Time deposits ...... 4,001,755.56 Other bonds & U. S. Gov’t deposits ... 57,584.84 securities ...... 1,670,103.92 Public funds ...... 964,425.81 Loans & discounts ...... 4,235,589.32 Total deposits ...... 7,298,797.88 Fixed assets ...... 318,156.00 Capital stock ...... 250,000.00 Other assets ...... 14,783.45 Surplus ...... 300,000.00 Undivided profits ...... 202,368.43 Reserves ...... 64,204.10 Total capital account 816,572.53 T o ta l ...... $8,115,370.41 Total ...... $8,115,370.41

CITIZENS BANK. SMITHVILLE

Population 78 Lawrence County Chartered March 23, 1901 P. O. Box 10 Telephone Number 528-3516 Zip Code 72466 Officers Directors R. S. Rainwater ...... President R. S. Rainwater A. M. Starr ...... Vice President A. M. Starr Boyce Durham ...... Cashier Sloan Rainwater, Jr. Leland E. Mize ...... Asst. Cashier Virginia Rainwater Louise Rowsey ...... Asst. Cashier W. I. Rainwater Earl D. Perkins

STATEMENT AS OF JUNE 30, 1970

A ssets Liabilities Cash & due from banks ... $142,481.68 Demand deposits ...... $663,048.49 Other bonds & Total deposits ...... 663,048.49 securities ...... 324,464.84 Capital stock ...... 25,000.00 Loans & discounts ...... 410,943.19 Surplus ...... 25,000.00 Fixed assets ...... 1.00 Undivided profits ...... 164,842,22 Total capital account .. 214,842.22 Total ...... $877,890.71 T o ta l ...... $877,890.71

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 113

MERCHANTS AND PLANTERS BANK, SPARKMAN Population 787 Dallas County Chartered September 9, 1916 P.O .Box 127 Telephone Number 678-2281 Zip Code 71763 Officers Directors B . J. F o r d ...... Chairman, President B. J. Ford James S. Suitt ..... Exec. Vice Pres. James S. Suitt & C ash ier G. W. DeLaughter Doris Mann ...... Asst. Cashier Garland Gaston G. W. DeLaughter .. Vice President Benton Taylor Garland Gaston ..... Vice President R a y W h ite Benton Taylor ...... Vice President R a y W h ite ...... Vice President STATEMENT AS OF JUNE 30, 1970 A ssets T.iahilitioc Cash & due from banks $ 303,922.75 Demand deposits ...... $ 844,615.18 U. S. Gov’t obligations 402,400.00 Time deposits ...... 632,246.18 Other bonds & U. S. Gov’t deposits ... 19,381.18 securities ...... 88,511.30 Public funds ...... 95,199.36 Loans & discounts ...... 871,649.00 Total deposits ...... 1,591,441.90 Fixed assets ...... 1,084.32 Other liabilities ...... 9,154.35 Other real estate ...... 5,924.25 Capital stock ...... 50,000.00 Other assets ...... 94,306.43 Surplus ...... 50,000.00 Undivided profits ...... 53,641.58 Reserves ...... 13,560.22 Total capital account 167,201.80 T ota l ...... $1,767,798.05 T o ta l ...... $1,767,798.05

FIRST STATE BANK, SPRINGDALE Population 17,000 Washington County Chartered February 12, 1923 P. O. Box 189 Telephone Number 751-4681 Zip Code 72764 Officers Directors Joe M. Steele ...Chm. of Bd. & Chief Joe M. Steele Exec. Officer Tom Hargis J. T. Bain ...... President Elmer Johnson Elmer Johnson ... Sr. Vice President J. T . B a in Mace D. Howell ... Exec. Vice Pres. Dr. Friedman Sisco R. A. Bryant .. Vice Pres. & Cashier A. P. Wilson Ross Stout ...... Vice President H. E. Schmieding Wilma Samuel ...... Asst. Vice Pres. Mace D. Howell Marcella Sharum .... Asst. Vice Pres. Thurman Parsons Wesley L. Burkett .. Asst. Vice Pres. J. E. Hinshaw Arthur Morris . Asst. Vice President Frances Ann Lindley ...Asst. V. Pres. Nathan L. Combs .... Trust Officer & A u d ito r Arthur Johnson .... Farm Represent­ a tiv e STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 2,024,019.83 Demand deposits ...... $ 8,884,821.94 U. S. Gov’t obligations 3,755,096.74 Time deposits ...... 9,708,703.99 Other bonds & U. S. Gov’t deposits ...... 324,056.73 securities ...... 6,879,770.53 Public funds ...... 1,700,047.63 Excess funds sold Deposits of banks ...... 20,000.00 (Federal) Total deposits ...... 20,637,630.29 Loans & discounts 8,213,957.38 Capital stock ...... 600,000.00 Fixed assets 231,885.05 Surplus ...... 450,000.00 Other real estate 3.00 Undivided profits ...... 432,293.41 Other assets 8,342.03 Reserves ...... 493,150.86 Total capital account 1,975,444.27 Total $22,613,074.56 Total ...... $22,613,07456

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 114 State of Arkansas: Bank Department

BODCAW BANK, STAMPS Population 2,591 Lafayette County Chartered December 8, 1902 P. O. Box 8 Telephone Number 533-4487 Zip Code 71860 Officers Directors J. C. Cabe ...... President James R. Nipper James R. Nipper ..... Vice President J. C. C abe & C ash ier A. C. Cross C. C. Russell ..... Vice President Roy Z. Kimbell H. L. Wilkinson .... Vice President C. C. Russell Jim Stevens ...... Asst. Cashier A. O. Smith Bonnie Moreland ..... Asst. Cashier H. L. Wilkinson Jennie Lovell ...... Asst. Cashier John Andrews, Jr...... Asst. Cashier Pat McMurrough .... Mgr. Ins. Dept. STATEMENT AS OF JUNE 30, 1370 A ssets Liabiliiies Cash & due from banks $ 493,273.76 Demand deposits ...... $1,493,290.57 U. S. Gov’t obligations 1,133,945.13 Time deposits ...... 2,557,041.96 Other bonds & U. S. Gov’t deposits . .. 19,808.89 securities ...... 1,169,137.91 Public funds ...... 327,337.43 Excess funds sold Total deposits ...... 4,397,478.85 (F e d e ra l) ...... 200,000.00 Other liabilities ...... 45,632.53 Loans & discounts ...... 2,037,002.54 Capital stock ...... 50,000.00 Fixed assets ...... 30,914.92 Surplus ...... 350,000.00 Other real estate ...... 13.00 Undivided profits ...... 166,554.10 Other assets ...... 5,280.54 R eserv es ...... 59,902.32 Total capital account 626,456.42 T o ta l ...... $5,069,567.80 T o ta l ...... $5,069,567.80

BANK OF STAR CITY. STAR CITY Population 2,176 Lincoln County Chartered April 27, 1925 P. O. Box 220 Telephone Number 628-4288 Zip Code 71667 Officers Directors Tom S. Lovett ...... Chmn. of Board Robert E. Beard Lynn Thomasson Robert O. Trout ...... P resid en t Harold Evans Robert O. Trout Lynn Thomasson .... Vice President Burnice Frizzell Wm. R. Davidson .... Asst. Vice Pres. Dr. B. W. Gibbs Mrs. Anneta Moore ...... Cashier B. S. Hundley, Sr. Mrs. Karen Bum s ...... Asst. Cashier Tom S. Lovett STATEMENT AS OF JUNE 30. 1970

Assets lia b ilitie s Cash & due from banks $ 436,142.82 Demand deposits ...... $1,529,611.68 U. S. Gov’t obligations 592,767.78 Time deposits ...... 1,118,318.62 Other bonds & U. S. Gov’t deposits ...... 70,796.61 securities ...... 655,041.30 Public funds ...... 298,770.37 Excess funds sold Total deposits ...... 3,017,497.28 (F e d e r a l) ...... 100,000.00 Other liabilities ...... 45,528.32 Loans & discounts ,705,358.54 Capital stock ...... 150,000.00 Fixed assets ...... 56,608.38 Surplus ...... 200,000.00 Other assets ...... 610.80 Undivided profits ...... 98,756.72 Reserves ...... 34,747.30 Total capital account^__ 483,504.02 T otal $3,546,529.62 Total ...... $3,546,529J2

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 115

THE STEPHENS SECURITY BANK, STEPHENS Population 1,275 Ouachita County Chartered February 8, 1946 P. O. Box 7 Telephone Number 786-5416 Zip Code 71764 O fficers D irectors Charles T. Reveley ...... P resid en t Charles T. Reveley Sam A. Curry Guy R. Smith ...... Vice President Guy R. Smith Joe J. Wade Jimmy V. Fincher ...... C ash ier Jimmy V. Fincher Gervis Haltom Sam L. Curry ...... Asst, Cashier Grady P. Arrington

STATEMENT AS OF JUNE 30. 1970 A ssets LtabU iiies Cash & due from banks $ 462,238.78 Demand deposits ...... $1,508,841.33 U. S. Gov’t obligations 638,278.00 Time deposits ...... 1,451,350.27 Other bonds & U. S. Gov’t deposits .... 37,161.56 securities ...... 525,915.62 Public funds ...... 142,870.65 Excess funds sold Total deposits ...... 3,140,223.81 (F e d e ra l) ...... 50,000.00 Capital stock ...... 125,000.00 Loans & discounts ...... 1,824,930.36 Surplus ...... 75,000.00 Fixed assets ...... 8,333.71 Undivided profits ...... 142,174.52 Other assets ...... 433.80 R eserv es ...... 27,731.94 Total capital account 369,906.46 T o ta l ...... $3,510,130.27 T o ta l ...... $3,510,130.27

CITIZENS BANK. STRONG Population 1,008 Union County Chartered January 19, 1931 P. O. Box 188 Telephone Number 797-7361 Zip Code 71765 Officers Directors O. B. Clark ...... President O. B. Clark J. E. Cooper ...... Vice President J. E. Cooper L. K. Robertson ...... C ash ier C. R. Mason

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 371,746.40 Demand deposits ...... $1,086,150.79 U. S. Gov’t obligations .. 714,956.38 W ile deposits ...... 680,973.50 Other bonds & m a Gov’t deposits ..... 4,015.25 securities ...... 392,484.43 Public funds ...... 105,282.67 Loads & discounts ...... 797,483.22 Total deposits ...... 1,876,422.21 assets ...... 3,325.95 Other liabilities ...... 56,667.51 Other assets ...... 1.00 Capital stock ...... 50,000.00 S u rplu s ...... 100,000.00 Undivided profits ...... 196,907.66 Total capital account 346,907.66 T otal ...... $2,279,997.38 Total ...... $2,279,997.38 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 116 State of Arkansas: Bank Department

THE FARMERS AND MERCHANTS BANK, STUTTGART Population 10,473 Arkansas County Chartered December 29, 1944 P .O .B ox947 Telephone Number 922-8151 Zip Code 72160 Officers Directors Russell McCollum ..... Ch. of Board W. C. Bogard D. B. Davis ...... President D. B. Davis Artie Seidenschwarz .... Exec. ¥. P. Glen Grandgeorge & Cashier Russell McCollum Lloyd Ratcliff ...... Vice President Chet Pond, Jr. Leonard H. DeVun.. Vice President Artie Seidenschwarz Willie Grafals ...... Asst. V. Pres. D. W. Tweedy James M. Yarbrough.. Asst. V. Pres. Ralph Wilson Lela Karkur ...... Asst. Cashier Ona Belle Koch ...... Asst Cashier Louise Kelly ...... Asst. Cashier Estelle Findley ...... Asst Cashier William R. Trice ...... Asst Cashier Ralph W. Wilson ...... Asst Cashier Don Pattillo ...... Trust Officer STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 2,244,758.08 Demand deposits ...... $ 7,949,638.30 U. S. Gov’t obligations 1,278,660.00 Time deposits ...... 8,788,502.82 Other bonds & U. S. Gov’t deposits .. 190,035.60 securities ...... 1,244,525.55 Public funds ...... 386,097.64 Loans & discounts ..... 14,021,506.00 Total deposits ...... 17,314,274.36 Fixed assets ...... 331,517.13 Other liabilities ...... 124,410.69 Other real estate ...... 72,500.00 Capital stock ...... 600,000.00 Other assets ...... 12,452.21 Surplus ...... 500,000.00 Undivided profits ...... 347,273.27 Reserves ...... 319,960.65 Total capital account 1,767,233.92 T o ta l ...... $19,205,918.97 T o ta l ...... $19,205,918.97

CITIZENS BANK, TILLAR Population 300 Drew County Chartered December 29, 1944 P. O. Box 128 Telephone Number 392-2571 Zip Code 71670 Officers Directors Bennie Rybum ..... Chmn. of Board Tommy Henley J. H. Kimbro .... President & Cashier J. H. Kimbro W iley A. McGehee .. Vice President Wiley A McGehee C. R. Prewitt .... Vice Pres. & Sec’y C. R. Prewitt Hampton Pugh .... Exec. Vice Pres. Hampton Pugh Bennie Rybum, Jr. .. Vice President Bennie Rybum Bennie Rybum, Jr. STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $202,304.45 Demand deposits...... $309,771.53 U. S. Gov’t obligations .... 112,992.00 Time deposits ...... 191,200.62 Other bonds & U. S. Gov’t deposits ...... 5,455.12 securities ...... 125,896.50 Public funds ...... 110,841.75 Loans & discounts 369,040.60 Total deposits ...... 617,269.02 Fixed assets ...... 4,931.85 Capital stock ...... 25,000.00 Other assets ...... 451.10 Surplus ...... 125,000.00 Undivided profits ...... 42,757.48 Reserves ...... 5,590.00 Total capital account. .. 198,347.48 T otal $815,616.50 T otal ...... $815,616.50 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 117

BANK OF TRUMANN. TRUMANN Population 5,013 Poinsett County Chartered October 26, 1911 P.O .Box48 Telephone Number 483-6333 Zip Code 72472 Officers Directors J. C. Stuckey .. President/Chairman T. M. Clogston o f B oa rd J. F. Lady Clyde Robertson, Jr...... E xec. Frank Lady, Jr. V . P res. Eugene Pounds Eugene Pounds .... V. Pres./Cashier/ Clifford C. Purvis S ecy . Clyde Robertson, Jr. Mrs. Edith Dameron .. Asst. V. Pres. J. C. Stuckey Mrs. Edith Upchurch .. Asst. Cashier Norris C. Taylor Mrs. Fannie M. Bradley Kenneth K. Yarbrough Asst. Cashier Miss Melba J. Wood .. Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $1,008,230.31 Demand deposits ...... $2,573,863.00 U. S. Gov’t obligations ..992,715.63 Time deposits ...... 3,602,020.81 Other bonds & U. S. Gov’t deposits ..... 259,953.40 securities ...... 748,317.00 Public funds ...... 359,265.92 Loans & discounts ...... 4,921,720.65 Total deposits ...... 6,795,103.13 Fixed assets ...... 63,743.94 Other liabilities ...... 32,489.74 Other assets ...... 123,74 Capital stock ...... 100,000.00 Surplus ...... 450,000.00 Undivided profits ...... 242,079.70 R eserv es ...... 115,178.70 Total capital account 907,258.40 T o ta l ...... $7,734,851.27 T o ta l ...... $7,734,851.27

BANK OF TUCKERMAN, TUCKERMAN Population 1,539 Jackson County Chartered November 8, 1902 P. O. Box 700 Telephone Number 349-5155 Zip Code 72473 Officers Directors V a n S m it h ...... P resid en t O. B. Armstrong Cornelius Adcox ..... Asst V. Pres. Dr. R. O. Norris Calvin W. Whitlow ...... C ashier B o b P e n ix V an S m ith

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 398,563.06 Demand deposits ...... $1,606,766.27 U. S. Gov’t obligations .. 510,648.37 Time deposits ...... 990,300.69 Other bonds & U. S. Gov’t deposits ..... 11,409.85 securities ...... 647,920.22 Public funds ...... 223,578.22 Loans & discounts . 1,843,394.77 Deposits of banks ...... 19,127.22 Fixed assets ...... 5,001.00 Total deposits ...... 2,851,182.25 Other assets ...... 80.87 Capital stock ...... 50,000.00 Surplus ...... 200,000.00 Undivided profits ...... 213,257.28 R eserv es ...... 91,168.76 Total capital account 554,426.04 T otal ...... $3,405,608.29 Total ...... $3,405,608.29

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 118 State of Arkansas: Bank Department

TYRONZA BANK, TYRONZA Population 601 Poinsett County Chartered October 1, 1951 P. O. Box 95 Telephone Number 487-2161 Zip Code 72386 Officers Directors Charles F. Luter ...... P resid en t Charles F. Luter C. M. Beley Ernestine Sanders ...... C ash ier H. F. Norcross, Jr. H. F. Norcross, Jr ...... S ecreta ry John H. Emrich Maxyne U rsery ...... Asst. Cashier A. A. Banks John H. Em rich ...... Vice President H. F. Norcross STATEMENT AS OF JUNE 30, 1970

Assets Liabilities Cash & due from banks $ 352,235.01 Demand deposits ...... $1,087,064.96 U. S. Gov’t obligations .... 256,534.75 Time deposits ...... 1,349,841.58 Other bonds & U. S. Gov’t deposits...... 13,822.41 securities ...... 977,473.78 Public funds ...... 152,377.33 Loans & discounts ...... 1,275,244.50 Total deposits ...... 2,603,106.28 Fixed assets ...... 66,063.30 Other liabilities ...... 49,432.57 Other real estate ...... 2,833.00 Capital stock ...... 50,000.00 Surplus ...... 80,000.00 Undivided profits ...... 119,047.30 R eserv es ...... 28,798,19 Total capital account . 277,845.49 T o ta l ...... $2,930,384.34 Total ...... $2,930,384.34

rmTFm Bi«nr n, tuticst oamp&nv v&ir htthfvi Population 9,000 Crawford County Chartered December 20, 1910 P. O. Box 469 Telephone Number 474-2342 Zip Code 72956 Officers Directors B. M. M oody ...... P resid en t Lonnie Batchelor Ruth C. Moody ...... Exec. V. Pres. Robert El Daugherty R. H. Terry ...... V . P res. i&igene P. Hobbs L, C. Gunn ...... Asst V. Pres. Basil M. Moody Eugene P. Hobbs ...... C ash ier Ruth C. Moody Eva M. Laws ...... Asst. Cashier Wilma J. Rogers ...... Asst. Cashier Mickie Smith ...... Asst Cashier Nelda Watkins ...... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 Assets Liabilities Cash & due from banks $ 932,396.70 Demand deposits ...... $2,852,217.98 U. S. Gov’t obligations .. 1,868,230.45 Time deposits ...... 3,478,955.87 Other bonds & U. S. Gov’t deposits ..... 7,060.44 securities ...... 1,951,441.37 Public funds ...... 499,250.49 Loans & discounts ...... 2,704,389.66 Total deposits ...... 6,837,484.78 Fixed assets ...... 83,898.04 Other liabilities ...... 109,194.00 Other assets ...... 3.00 Capital stock ...... 150,000.00 Surplus ...... 150,000.00 Undivided profits ...... 291,424.91 Reserves ...... 2,255.53 Total capital account 593,680.44 Total ...... $7,540,359.22 Total ...... $7,540,359.22

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 119

PEOPLES BANK AND TRUST COMPANY, VAN BUREN Population 9,000 Crawford County Chartered August 12, 1933 P. O. Box 429 Telephone Number 474-6801 Zip Code 72956 Officers Directors J. J. Izard ...... President J. J. Izard Clyman E. Izard ..... Exec. V. Pres. Clyman E Izard Judge Carl Creekmore ..... V . P res. Bessie Maud Izard Frank W offord ...... C ash ier Judge Carl Creekmore Jo Ann Meadors ...... Asst. Cashier Frank Wofford Francis Rapier ...... Asst. Cashier C. J. Franklin Deweese Jackson ..... Asst. Cashier

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $1,052,068.21 Demand deposits ...... $3,874,300.87 U. S. Gov’t obligations .. 1,560,196.53 Time deposits ...... 3,651,003.16 Other bonds & U. S. Gov’t deposits ..... 92,553.47 securities ...... 1,284,309.75 Public funds ...... 407,929.90 Excess funds sold Total deposits ...... 8,025,787.40 (F e d e ra l) ...... 1,200,000.00 Other liabilities ...... 29,805.00 Loans & discounts ...... 3,679,111.87 Capital stock ...... 200,000.00 Fixed assets ...... 51,600.00 Surplus ...... 100,000.00 Other real estate ...... 5,000.00 Undivided profits ...... 425,175.20 Other assets ...... 3,549.41 R eserv es ...... 55,068.17 Total capital account 780,243.37 T o ta l ...... $8,835,835.77 T o ta l ...... $8,835,835.77

BANK OF WALDO, WALDO Population 1,800 Columbia County Chartered September 2, 1899 P. O. Box 366 Telephone Number 693-5858 Zip Code 71770 Officers Directors J. Thurston H ow ell...... P resid en t J. Thurston Howell Mrs. J. Thurston Howell .... V. Pres. Mrs. J. Thurston Howell Mary H. Martin (Mrs.) ...... C ashier Mrs. Cora M. Howell

STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 288,067.65 Demand deposits ...... $ 767,160.90 U. S. Gov’t obligations .. 1,097,323.68 Time deposits ...... 817,668.96 Other bonds & U. S. Gov’t deposits ..... 7,505.62 securities ...... 8,000.00 Public funds ...... 62,644.49 Loans & discounts ...... 417,252.11 Total deposits ...... 1,654,979.97 Other real estate ...... 20.00 Capital stock ...... 50,000.00 Other assets ...... 2,898.00 Surplus ...... 25,000.00 Undivided profits ...... 23,072.40 R eserv es ...... 60,509.07 Total capital account 158,581.47 T otal ...... $1,813,561.44 Total ...... $1,813,561.44 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 120 State of Arkansas: Bank Department

THE PEOPLES BANE, WALDO Population 1,800 Columbia County Chartered June 22, 1910 P. O. Box 426 Telephone Number 603-5533 Zip Code 71770 O fficers Directors Harold Fincher ...... P resid en t Harold Fincher Betty Lou Scott Richard P. Clark ..... Exec. VP and Richard P. Clark G. F. Scott C a sh ier Imogene Clark Dorothy Jeanne Fincher

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 324,514.79 Demand deposits ...... $1,070,220.68 U. S. Gov’t obligations .. 675,000.00 Time deposits ...... 1,986,772.87 Other bonds & U. S. Gov’t deposits ..... 10,731.20 securities ...... 531,552.00 Public funds ...... 181,058.81 Loans & discounts ...... 2,126,173.82 Total deposits ...... 3,248,783.56 Other real estate ...... 3.00 Capital stock ...... 62,500.00 Surplus ...... 137,500.00 Undivided profits ...... 175,086.17 Reserves ...... 33,373.88 Total capital account 408,460.05 T o ta l ...... $3,657,243.61 T o ta l ...... $3,657,243.61

BANK OF WALDRON, WALDRON Population 2,177 Scott County Chartered April 30, 1901 P. O. Box 278 Telephone Number 637-2161 Zip Code 72058 O fficers D irector* Marvin E Phelps ...... P resid en t Marvin E. Phelps Theo Money O. K. Goodner ...... Exec. V. Pres. O. K. Goodner S. E. Mitchell Knox Dozier .... V. Pres. & Cashier Knox Dozier W . W. D avis Blanche E Stephens .. Asst Cashier Glenn Abbott J. A. Dalton Patsy Hawkins ...... Asst. Cashier Isom Crutchfield Pat Ray Davenport .... Asst. Cashier M . C . B ird Linda H ogge ...... Asst. Cashier Mrs. Charlye Davidson

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 765,192.12 Demand deposits ...... $3,340,587.19 U. S. Gov’t obligations .. 674,146.50 Time deposits ...... 4,029,014.49 Other bonds & U. S. Gov’t deposits ..... 93,605.15 securities ...... 2,313,874.77 Public funds ...... 394,005.76 Excess funds sold Total deposits ...... 7,857,212.59 (F e d e ra l) ...... 900,000.00 Other liabilities ...... 70,277.22 Loans & discounts ...... 3,878,951.41 Capital stock ...... 150,000.00 Fixed assets ...... 103,504.45 Surplus ...... 225,000.00 Other assets ...... 2,123.36 Undivided profits ...... 257,092.96 Reserves ...... 78,299.84 Total capital account 710,392.80 T otal ...... $8,637,882.61 T o ta l ...... $8,637,882.61 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 121

WARREN BANK AND TRUST COMPANY, WARREN Population 6,752 Bradley County Chartered December 28, 1901 P. O. Box 350 Telephone Num ber 226-2621 Zip Code 71671 Officers Directors J. B. Frazer ...... P resid en t L. H. Derby, Jr. Louis W. Ederington ...... V. P res. J. T. Ederington, III Gerard C. Sangster .. Exec. V. Pres. Louis W. Ederington. Gerald D. Burton ...... V . P res., J. B. Frazer Cashier & Trust Off. F. Martin Hankins Margaret S. Thompson J. E. Hurley, Jr. Asst. Cashier S. B. Meek, Jr. Pauline Hollingsworth Gerard C. Sangster Asst. Cashier M. C. Singer Betty Lovett ...... Asst. Cashier G. F. Wynne, M.D. Jam es EL S m ith ...... Asst. Cashier STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & d u e Demand deposits ...... $ 3,714,696.87 from banks ...... $ 1,352,620.42 Time deposits ...... 7,331,989.57 U. S. Gov’t obligations 2,078,244.57 U. S. Gov’t deposits .... 133.049.37 Other bonds & Public funds .... 362,975.63 securities ...... 3,040,970.28 Total deposits 11,542,711.44 Loans & discounts ...... 6,104,160.80 Capital stock .... 200,000.00 Fixed assets ...... 57,646.87 S u rplu s ...... 250,000.00 Other real estate ...... 57,079.44 Undivided profits 130,166.36 Other assets ...... 18,328.80 R eserv es ...... 586.173.38 Total capital account 1,166,339.74 T o ta l ...... $12,709,051.18 T o ta l ...... $12,709,051.18

BANK OF WEINER, WEINER Population 700 Poinsett County Chartered April 2, 1909 P. O. Box 307 Telephone Number 684-2221 Zip Code 72479 Officers Directors E. E Hogue...... President E E. Hogue Marcus Hogue H. E Winters ...... Exec. V. Pres. H. E. Winters Ernest L. Hogue John Hogue ..... V. Pres. & Cashier John Hogue R. H. Ziegenhom N iles B i s e ...... Asst. Cashier Malcolm C. Hogue STATEMENT AS OF JUNE 30, 1970 A sset* liabilities Cash & due from banks $ 899,858.98 Demand deposits ...... $2,102,284.99 U. S. Gov’t obligations .. 1,842,643.39 Time deposits ...... 2,383,701.65 Other bonds & U. S. Gov’t deposits ... 34,623.01 securities ...... 627,848.93 Public funds ...... 258,211.08 Loans & discounts ...... 2,054,965.73 Deposits of banks ...... 47,879.58 Fixed assets ...... 55,539.96 Total deposits ...... 4,826,700.31 Other assets ...... 14,888.12 Other liabilities ...... 12,897.17 Capital stock ...... 100,000.00 S u rplu s ...... 300,000.00 Undivided profits ...... 211,192.99 Reserves ...... 44,954.64 Total capital account 656,147.63 Total ...... $5,495,745.11 Total ...... $5,495,745.11

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 122 State of Arkansas: Bank Department

MERCHANTS AND FARMERS BANK, WEST HELENA Population 10,000 Phillips County Chartered October 4, 1948 P. O. Box 2497 Telephone Number 572-3481 Zip Code 72390 Officers Directors V. D. Simmons ...... President Fulton Simpson, Chairman Roy B. Warren ...... Sr. V. Pres. V. D. Simmons S. H. Hurst ...... V. Pres. a H. Hurst Gordon M. White ...... V. Pres. James P. Baker, Jr. James A. Bogle ...... Cashier C. L. Harris Helen B. Back ...... Asst. Cashier E. F. Kalb Juanita S. Clements ..Asst. Cashier Jimmy Linder Dorothy W hite ...... Asst. Cashier Jesse Porter Alda Rae Hall ...... Asst. Cashier Brooks Griffin

STATEMENT AS OF JUNE 30. 1970 A sset* liabilities C ash & du e Demand deposits ...... $ 3,245,244.28 from banks ...... $ 1,212,531.51 Time deposits ...... 5,047,951.28 U. S. Gov’t obligations 274,812.50 U. a Gov’t deposits .... 89,041.28 Other bonds & Public funds ...... 1,079,678.52 securities ...... 1,989,050.79 Total deposits ...... 9,461,915.36 Loans & discounts ...... 6,917,926.51 Borrowed money ...... 9,216.68 Fixed assets ...... 124,548.21 Other liabilities ...... 93,520.31 Capital stock ...... 275,000.00 Surplus ...... 400,000.00 Undivided profits ...... 173,161.18 Reserves ...... 106,055.99 Total capital account 954,217.17 a l ...... ^ 0 5 8 8 9 5 T ta l ... $10,518,869.52 T o ta l ...... ^10,518,869.52To

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 123

BANK OF WEST MEMPHIS. WEST MEMPHIS Population 26,000 Crittenden County Chartered April 21, 1928 P. O. Box 128 Telephone Number 735-2922 Zip Code 72301 Officers Directors Jack K, Hogan ...... President Fred N. Bollinger Jack W. Rich Jack W. Rich .... Chairman of Board Davis Biggs J. H. Spears Louis E. Deig, Jr...... V. President D. B. Clement J. C. Tennison W. K, Ingram ...... V. President H. R. Babbs Robert L. Wright ...... Cashier P. M. Dacus J. G. Spradling ...... V. President Bob Eden Mrs. Mildred Barney .. Asst. Cashier James C. Hale Mrs. Ruth Manchester Jack K. Hogan Asst. Cashier W. K. Ingram Levy O’Bryant ...... Asst. Cashier W. K. Ingram, Jr. Lloyd C. McCuiston, Jr. Richard H. Upton STATEMENT AS OF JUNE 30, 1970 Assets Liabilities C ash & d u e Demand deposits ...... $ 7,064,272.28 from banks ...... $ 2,159,489.54 Time deposits ...... 5,162,103.12 U. S. Gov’t obligations 1,314,166.95 U. S. Gov’t deposits .... 392,678.11 Other bonds & Public funds ...... 1,666,249.33 securities ...... 4,865,346.14 Total deposits ...... 14,285,302.84 Loans & discounts ...... 7,464,425.30 Other liabilities ...... 222,022.06 Fixed assets ...... 249,138.99 Capital stock ...... 500,000.00 Other assets ...... 23,023.02 Surplus ...... 500,000.00 Undivided profits ...... 418,269.38 Reserves ...... 149,995.66 Total capital account 1,568,265.04 T o ta l ...... $16,075,589.94 T o ta l ...... $16,075,589.94

RICE GROWERS BANK, WHEATLEY Population 513 St. Francis County Chartered September 27, 1909 P. O. Box 156 Telephone Number 457-2311 Zip Code 72392 Officers Directors William L. Horner, Jr...... P resid en t William L. Horner, Jr. Robert Carvell ...... V . P res. Robert Carvell & C a sh ier Miss Mayme Lyon Mrs. Anita Miley ...... Asst. Cashier STATEMENT AS OF JUNE 30, 1970 A ssets Liabilities Cash & due from banks $ 419,912.70 Demand deposits ...... $1,625,624.98 U. S. Gov’t obligations .. 604,635.87 Time deposits ...... 1,430,246.55 Other bonds & U. S. Gov’t deposits ..... 22,933.53 securities ...... 852,136.14 Public funds ...... 135,207.54 Loans & discounts ...... 1,806,225.77 Total deposits ...... 3,214,012.60 Fixed assets ...... 63,144.12 Capital stock ...... 100,000.00 Other assets ...... 594.00 Surplus ...... 200,000.00 Undivided profits ...... 199,652.35 Reserves ...... 32,983.65 Total capital account 532,636.00 Total ...... $3,746,648.60 Total ...... $3,746,648.60

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 124 State of Arkansas: Bank Department

WILMOT STATE BANK, WILMOT Population 1,005 Ashley County Chartered October 25, 1937 P. O. Box 95 Telephone Number 473-5500 Zip Code 71676 Officers Directors Wm. B. de Yampert ...... President Wm. B. de Yampert N. R. Kirkwood ...... Exee. V. Pres. E. H. Dunning & Cashier N. R. Kirkwood E . H. D unning...... Y. Pres. E. H. Kirkwood ...... Asst. Cashier

STATEMENT AS OF JUNE 30. 1970 A ssets Liabilities Cash & due from banks $ 269,679.56 Demand deposits ...... $ 770,319.01 U. S. Gov’t obligations .. 510,000.00 Time deposits ...... 485,506.82 Other bonds & U. S. Gov’t deposits ..... 11,540.60 securities ...... 185,377.48 Public funds ...... 209,515.56 Loans & discounts ...... 887,417.90 Total deposits ...... 1,476,881.99 Other assets ...... 5,969.18 Capital stock ...... 50,000.00 Surplus ...... 125,000.00 Undivided profits ...... 177,174.70 R e se rv e s ...... 29,387.43 Total capital account 381,562.13 T o ta l ...... $1,858,444.12 Total ...... $1,858,444.12

BANK OF WILSON. WILSON Population 1,100 Mississippi County Chartered October 3, 1908 P. O. Box 338 Telephone Number 655-3251 Zip Code 72395 Officers Directors R. E. L. Wilson, 3rd ...... C hairm an C. L. Denton, Jr. of the Board C. J. Lowrance, Jr. J. B. Gwyn ...... President J. B . G w y n C. J. Lowrance, Jr...... Y . P res. R. E. L. Wilson, 3rd D. C. Long ...... C ash ier Michael E Wilson Lillian P. M cM ath ..... Asst. Cashier Hudson Wren Florabel Bishop ...... Asst. Cashier Gatha M. Watson Asst. Cashier

STATEMENT AS OF JUNE 30. 1970

A sse t* lia b ilitie s Cash & due from banks $ 826,414.03 Demand deposits ...... $1,594,915.33 U. S. Gov’t obligations .. 860,274.68 Time deposits ...... 1,669,857.73 Other bonds & U. S. Gov’t deposits ..... 90,468.72 securities ...... 687,873.18 Public funds ...... 920,749.04 Loans & discounts ...... 2,835,761.75 Deposits of banks ...... 33,002.96 Fixed assets ...... 20,521.87 Total deposits ...... 4,308,993.78 Other liabilities ...... 8,536.53 Capital stock ...... 100,000.00 Surplus ...... 500,000.00 Undivided profits ...... 302,705.26 Reserves ...... 10,609.94 Total capital account 913,315.20 T otal ...... $5,230,845.51 Total ...... $5,230,845.51

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Fifty-Sixth Report 125

CROSS COUNTY BANK, WYNNE Population 7,500 Cross County Chartered June 5, 1891 P. O. Box 9 Telephone Number 238-8171 Zip Code 72396 Officers Directors H. K. Barwick, Jr...... P resid en t H. K. Barwick, Jr. John W. Watts ...... Exec. V. Pres. John W. Watts Rafe Andrews ...... V . P res. David Block, Jr. Ken McOanahan ...... V . P res. David Drexler & C ash ier Gerald L. Blackburn Mrs. Winifred G. Sigman John H. Johnston, Jr. Asst. Cashier W. W. Shaver, Jr. Mrs. Bobbie Nell Brown R. & Robinson Asst. Cashier I. M. Steinberg Mrs. Mazie Ballard .. Asst. Cashier Eugene Goodart STATEMENT AS OF JUNE 30, 1970 Assets, Liabilities Cash & due from banks $1,268,165.54 Demand deposits ...... $3,434,933.01 U. S. Gov’t obligations .. 390,187.14 lim e deposits ...... 3,061,898.14 Other bonds & U. S. Gov’t deposits ..... 54,232.14 securities ...... 1,093,388.36 Public funds ...... 479,111.15 Loans & discounts ...... 5,148,054.29 Total deposits ...... ;.... 7,030,174.44 Fixed assets ...... 176,447.10 Other liabilities ...... 101,735.30 Other real estate ...... 12,336.00 Capital stock ...... 250,000.00 Other assets ...... 5,402.45 Surplus ...... 330,000.00 Undivided profits ...... 323,720.06 R eserv es ...... 58,351.08 Total capital account 962,071.14 T o ta l ...... $8,093,980.88 T o ta l ...... $8,093,980.88

THE BANK OF YELLVILLE, YELLVILLE Population 790 Marion County Chartered December 13, 1945 P. O. Box 225 Telephone Number 449-6287 Zip Code 72687 Officers Directors Bernice Berry ...... President & Bernice Berry Edith C. Benton C a sh ier H. A. Burnes Karl King H. A. Bumes ...... V. Pres. Thelma G. Doshier Thelma G. Doshier ...... V. Pres. A lm a B erry Alma Berry ...... V. Pres. Wynona Willingham Wynona W illingham ...... V . P res. John E. Linton & Chairman of Board Fted A. Berry STATEMENT AS OF JUNE 30, 1970 A sse t* L iaM fities Cash & due from banks $ 536,273.59 Demand deposits ...... $1,985,794.92 U. S. Gov’t obligations .. 385,966.75 Time deposits ...... 1,079,347.49 Other bonds & U. S. Gov’t deposits ..... 8,837.00 securities ...... 1,098,417.32 Public funds ...... 731,392.42 L oa n s & d is c o u n t s ...... 2,184,472.10 Total deposits ...... 3,805,371.83 Fixed assets ...... 199,225.23 Capital stock ...... 175,000.00 Surplus ...... 220,000.00 Undivided profits ...... 203,983.16 Total capital account 598,983.16 Total ...... $4,404,354.99 Total ...... $4,404,354.99

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis