Arkansas House Speaker Matthew Shepherd has named Chad May, CEO of Armor Bank of Little Rock, to the state Board of Finance.
May of Little Rock has more than 20 years of experience in the financial services sector. He previously served on the Arkansas Bankers Association’s Emerging Leaders Council and is a board member of the Centers for Youth and Families.
The Board of Finance is tasked with establishing, maintaining, and enforcing all policies and procedures concerning the management and investment of funds in the state Treasury and the state Treasury money trust management fund, as well as selecting the chief investment officer.
Membership of the Board of Finance is composed of the governor, state treasurer, state auditor, state bank commissioner, director of the Department of Finance and Administration, securities commissioner, and other appointees.
The House speaker appoints two members, and each serve a four-year term.
“Chad is an experienced banker whom I have known for decades, whose financial experience will serve the Board of Finance and the State well,” Shepherd said in a statement. “Further, Chad’s character and reputation make him exactly the type of person that I look for in filling these important positions.”