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Bank Board Approves Two New Charters.

The Arkansas State Bank Board last week approved charters for new banks in North Little Rock and Van Buren.

Twin City Bank, a new bank with an old name, is expected to open in Lakewood Village in North Little Rock in mid-May. Organizers of First community Bank of Crawford County have leased a site at 2925 Alma Highway, Suite A, in Van Buren.

Initial Twin City Bank investors announced so far are John Allison and Robert "Bunny" Adcock, whose Home Bancshares also own First State Bank in Conway; real estate developer Rick Ashley; Conservative Development Co., a partnership of Ashley's family and Stuart Hankins; businessman Frank Fletcher; the Coulson family; Ken Hammonds, a retired executive of the original Twin City Bank; Apartment House Builders Inc. of North Little Rock; Alderman Clark McGlothlin; Dr. Agustin Fenandez; business owners Bob Russell, Bill Arnold, David Casinelli, Sharon Davis and Tom Denniston.

Bob Birch, a long-time executive of the original Twin City Bank and former president of its successor, Mercantile Bank of Arkansas, has been named president and CEO of the new Twin City Bank. He is also an initial investor.

First Community Bank of Crawford County is being organized by Van Buren bank executives Larry D. Hurst and Gary R. Miller; Dr. Wendell Ross and Dr. James H. Crawford; business owners Mark Manes, Tim Wise, James David Garner, Richard Hodo and Tim Hodges; and former state Rep. John Hall.

Hurst served most recently as president and CEO of Northwest National Bank. Miller was most recently senior vice president and senior lender for Mercantile Bank.
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Author:Moritz, Gwen
Publication:Arkansas Business
Date:Apr 24, 2000
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