Gov.-elect Asa Hutchinson will retain Candace Franks as commissioner of the Arkansas State Bank Department.
Franks has been with the department for 35 years and has been commissioner since 2007.
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"From her start as chief counsel to the last eight years as commissioner, Candace's work and leadership has been exemplary," Hutchinson said in a statement. "Her knowledge of the department and her breadth of experience have made her the ideal choice to lead the ASBD, and I am pleased to announce she has agreed to continue serving in her current role as commissioner in my administration."
Franks, in a statement, said she looks forward to continue the work of the department, which includes fostering economic development by ensuring state-chartered banks are managed correctly.
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"Being a member of (Hutchinson's) administration will give me the opportunity to continue to serve our citizens and to advocate for right-sized bank regulation and supervision, which will enable our community banks to provide the kind of relationship-banking services that have made them so successful."
