FNBC Expands, Century Enters Mountain Home

FNBC Expands, Century Enters Mountain Home
FNBC Bank plans to open its second Mountain Home branch at this location, across the street from an Anstaff Bank branch, seen here in a July 2019 snapshot from Google Street View cameras. (Google Maps)

Ash Flat’s FNBC Bank is developing a new 4,000-SF branch in the $1.3 billion-deposit Mountain Home market. The office at 175 West End Way will be its second location there.

FNBC bought the 1.24-acre site in the southwestern part of the city in September 2019 for $650,000. The bank soon will select a general contractor to oversee construction.

“We’re going through the GC process and should have that done in the next two or three weeks,” said Chad Hudson, regional president and chief lending officer for FNBC.

About 15 years have passed since FNBC opened its first office in Mountain Home.

Back when that downtown office opened for business, 10 banks were competing for $808 million in deposits.

The current headcount of lenders on the ground in Mountain Home hasn’t changed, but the roster of banks has undergone a makeover.

Harrison’s First Federal Bank of Arkansas is gone, recapitalized in 2011 and recast in 2015 as Little Rock’s Bear State Bank, which was acquired in 2018 by Fayetteville’s Arvest Bank.

Jonesboro’s Liberty Bank of Arkansas was purchased in 2013 and melded into Conway’s Centennial Bank.

Mountain Home’s First National Bank & Trust, which morphed into Integrity First Bank, was bought in 2019 and merged into Farmers & Merchants Bank of Stuttgart.

Bank of America in Charlotte, North Carolina, exited the market in 2013 by selling its last Mountain Home branch to Arvest.

Community First National Bank of West Plains, Missouri, sold its lone branch in 2016 to Batesville’s First Community Bank.

Anstaff Bank of Green Forest entered the market in 2017 after merging with its sister bank, Flippin’s Twin Lakes Community Bank, which came to Mountain Home in 2008.

FNBC Bank, Ash Flat
Total Assets: $610.4 million
Net Income: $5 million
Staff: 103
Eleven Full-Service Locations: Ash Flat, Batesville, Cherokee Village, Hardy, Highland, Horseshoe Bend, Jonesboro, Mammoth Spring, Melbourne, Mountain Home and Salem
(As of June 30)


Total Assets

Net Income


Efficiency Ratio



















































All dollars in thousands except where noted.
Source: Federal Deposit Insurance Corp.

New Entrant

Headquartered a half-hour’s drive north of Mountain Home, a new player made a move into Arkansas that transformed the lender into an interstate bank earlier this year.

Century Bank of the Ozarks in Gainesville, Missouri, opened shop in a dormant Centennial Bank location at 2448 U.S. Highway 62E.

The $240 million-asset lender acquired the 4,723-SF branch for $913,500 in November 2020.

Established in 1894 as the Bank of Gainesville, Century Bank is operating in its fourth generation of Harlin family leadership and ownership.