Dan J. Dykema
President and CEO
Arkansas National Bank
Dan J. DykemaThe best thing to happen to Dan Dykema may have been when First Bank in Bentonville was acquired by Worthen Banking Corp. in 1993. Because First Bank was merged into Worthen's northwest Arkansas operations, Dykema was fired as president and was back in the job market.
Instead of finding another bank to work for, Dykema started his own. With the help of First Bank executives Debra Jackson and Harry Brown, Peterson Industries Inc. Chief Executive Officer Victor Evans and Bill Fleeman, Arkansas National Bank was founded in 1994.
In two years Dykema has grown Arkansas National Bank from assets of less than $20 million to $115 million. Branches in Rogers and Springdale have been added to the original Bentonville and Bella Vista offices.
Dykema, 36, considers himself a goal-oriented person, but he hasn't pinpointed new goals for Arkansas National Bank in the next year or two.
"I've got to start some new [goals] because we went through the last ones so fast," Dykema says. "But we'll concentrate on the Rogers and Springdale markets and making those branches profitable. We're in a catch-your-breath stage."
- Update: Asa Hutchinson, Others React to DOJ Policy Change on Marijuana
- Alice Walton Sells Her 1,400-Acre Texas Ranch
- Gary Heathcott Responds to Arkansas Business Cover Story