Posted 10/4/2011 03:04 pm
Updated 11 months ago
Total deposits held by Arkansas lenders increased nearly 2.2 percent since last year, according to data released today by the Federal Deposit Insurance Corp.
A census of 145 lenders with a physical presence in the state revealed total deposits of nearly $52 billion as of June 30, compared to about $50.8 billion for the same period in 2010.
Arvest Bank of Fayetteville, owned by the Walton family's Arvest Bank Group Inc., accounted for a 10.7 percent market share of the state's deposits, up from 9.5 percent in 2010.
The Arkansas operations of Regions Financial Corp. of Birmingham, Ala., tallied an 8.1 percent market share, $4.2 billion compared to Arvest's nearly $5.6 billion leading total. Regions held an 8.7 percent stake in 2010.
Bank of America Corp. of Charlotte, N.C., followed at third with a nearly 6.5 percent share of the state's deposits, a slight increase over 2010.
Rounding out the top 10 deposit-based market shares are First Security Bancorp's First Security Bank of Searcy, more than 5.8 percent; the eight bank's owned by Pine Bluff's Simmons First National Corp., 4.8 percent; Jonesboro's Liberty Bank of Arkansas, nearly 3.9 percent; the Arkansas operations of BancorpSouth Inc. of Tupelo, Miss., nearly 3.6 percent; Home BancShares Inc.'s Centennial Bank of Conway, 3.3 percent; Little Rock's Bank of the Ozarks, 3.1 percent; and Fort Smith's First Bank Corp., nearly 2.4 percent.
The only change in the running order from 2010 was Liberty Bank moving ahead of BancorpSouth.