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First State Bank of Lonoke Looks for New CEO

1 min read

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.

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