First State Bank of Lonoke Looks for New CEO

First State Bank of Lonoke's main branch at 101 S. Center St.

As of June 4, Lonoke’s First State Bank had an open position at the top of the organizational chart. David Estes exited as CEO of the $279 million-asset lender.

“After 30 years of service, he stepped down because of health reasons,” said Kevin Scribner, First State’s chief financial officer. No timetable has been set to name a replacement for Estes.

“We’re currently operating without a CEO,” Scribner said. “The board is working to find a suitable replacement.”

First State followed a year-end profit of $772,000 in 2017 with a first-quarter net income of $345,000. The bank operates five full-service branches with a staff of 53. Its offices are in Lonoke, Carlisle, Fayetteville, Heber Springs and Gurdon.