New First Community Branch on Horizon in Harrison

Batesville’s First Community Bank hopes to open its first full-service location in Harrison before year’s end.

The $1.5 billion-asset lender is remodeling a 4,965-SF building at 220 E. Ridge Ave. while operating a loan production office next door.

First Community will increase Harrison’s competitive field of banks to nine. The branch-under-development is a former mortgage office of Harrison’s Community First Bank, which was acquired for $77 million in 2016 by Equity Bank of Andover, Kansas.

Equity holds the largest stake in Harrison’s $810 million-deposit market at 28.39%, $230 million. That position is followed closely by Arvest Bank at 25.84%, $209 million; and Green Forest’s Anstaff Bank at 23.83%, $193 million.

The balance of the Harrison deposit market is divided among Mountain View’s Stone Bank at 6.23%, $50 million; Bank OZK at 4.59%, $37 million; Regions Bank of Birmingham, Alabama at 4.49%, $36 million; Cornerstone Bank of Eureka Springs at 3.88%, $31 million; and Berryville’s First National Bank of North Arkansas at 2.75%, $22 million.

The Boone County move by First Community will boost its statewide footprint to 11 counties to go with two southern Missouri counties.

  Deposits* %
Equity Bank, Andover, Kansas
$230,101 28.39%
Arvest Bank, Fayetteville
$209,419 25.84%
Anstaff Bank, Green Forest
$193,119 23.83%
Stone Bank, Mountain View
$50,531 6.23%
Bank OZK, Little Rock
$37,199 4.59%
Regions Bank, Birmingham, Alabama
$36,351 4.49%
Cornerstone Bank, Eureka Springs
$31,471 3.88%
First National Bank of North Arkansas, Berryville
$22,260 2.75%
TOTAL $810,451
*In thousands as of June 30, 2019.
Source: FDIC