Batesville-based First Community Bank has purchased property along U.S. 49 in Brookland, and has received regulatory approval to build a sixth northeast Arkansas banking center that will become the 28th location in the bank’s branch network. Terms of the deal were not disclosed.
“The Brookland branch is the result of our commitment to Northeast Arkansas,” said Dale Cole, chairman and CEO of First Community Bank. “We are thrilled to make this significant investment in Brookland and look forward to building a full service, one stop financial center for this dynamic community.”
Stonebridge Construction based in Jonesboro has been selected as the contractor for the project. The proposed plan is to build an approximately 4,302 square-foot complex which will offer a community room for public use. Work will start next month with the goal of opening in the first quarter of 2021.
“Brookland is a progressive community with a school district that’s experiencing tremendous growth,” said Allen Williams, market president, Jonesboro region. “First Community Bank is excited to be a part of that growth and to provide community banking to Brookland’s citizens and businesses.”
In addition to the new Brookland location, First Community Bank has locations in Jonesboro, as well as in Lepanto.