Guinn said the ASBD
likes to see past dues and nonaccruals below 3 percent of a bank's total portfolio.
Including The Bank of Fayetteville's, there have been 13 charter conversion applications with the ASBD
That's probably because the stock subscription was spread out over a long period of time, said Richard Plotkin, a financial analyst with the ASBD.
According to documents filed with the ASBD, four members of the board are not direct investors.
has not denied a branch application since 1988.
Lebovic's rich and varied background will provide great strength to the ASBD
board as it moves forward to meet the needs of healthcare professionals," said the society's president, Debu Tripathy, M.
15 million in start-up capital, according to the ASBD
Luther Guinn with the Arkansas State Bank Department said the minimum required to start a state-chartered bank in the northwest Arkansas market is $5 million, but the ASBD
might require more depending on the growth expectations of a proposed bank.