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 |
