Insurance & Benefits

Simmons Bank Brings New Deposits to Pine Bluff

Simmons Bank Brings New Deposits to Pine Bluff
Simmons Bank, whose name and logo soar above Little Rock atop the city’s highest skyscraper, reaped about three-quarters of Arkansas’ bank deposit growth from June 30, 2017, to the end of June this year, according to the Federal Deposit Insurance Corp’s annual summary of deposits. The bank is based in Pine Bluff.

Arkansas bank deposits grew by almost $2.5 billion to $66.7 billion in the year that ended June 30. Almost three-quarters of the additional deposits — $1.8 billion — flowed into a single institution.
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Small Banks Find Niche in Arkansas While Facing Unique Challenges This article is available only in print.

Bank consolidation nationally is continuing on a similar pace to recent years, but it has been a slower year in Arkansas, especially for the smallest banks.
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State Unemployment at 3.5 Percent in September, Lowest on Record

Arkansas' unemployment rate declined to 3.5 percent in September, down one-tenth of a percentage point from the previous month, according to a report released Friday by the state Department of Workforce Services.
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