Editor’s note: A previous headline incorrectly identified Anderson as CEO.
Farmers & Merchants Bank of Stuttgart on Thursday announced the hiring of T.J. Anderson as its new CFO.
Anderson, who officially joined the bank on July 29, brings more than 20 years of executive experience in banking, corporate finance and investments to his new role. As CFO, he will focus on the bank’s strategic initiatives and oversee financial management, the bank said in a news release.
Anderson will work at the bank’s Jonesboro office at 400 E. Highland Drive.
“We are thrilled to welcome T.J. Anderson to our executive team,” CEO Brad Chambless said in a statement. “His wealth of experience and proven track record in financial management will be invaluable as we continue to strengthen our position as a leading community bank in Arkansas.”
Anderson’s past roles include positions at the Arkansas State Bank Department, Microsoft Corp., Premier Bank of Arkansas and Southern Bancorp. He was most recently executive vice president of banking operations at Southern Bancorp.
Anderson has an undergraduate degree in finance from Arkansas State University and a graduate degree in banking from Louisiana State University. He is also a Certified Fraud Examiner.
“I am excited to join Farmers and Merchants Bank and contribute to its legacy of financial excellence and community service,” Anderson said. “In this role, I look forward to leveraging my experience to drive strategic growth, enhance operational efficiency and ultimately deliver greater value to our customers and communities across Arkansas.”
Farmers & Merchants Bank ranked No. 12 on Arkansas Business’ 2024 list of the state’s largest banks by assets. The bank has 26 locations across Arkansas, including eight operating as The Bank of Fayetteville.
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