FNBC, based in Sharp County since 1912, opened a major Jonesboro facility on Wednesday (May 5).
The 5,800 square-foot building at the intersection of Race Street and Fair Park Boulevard will be the fulcrum of FNBC’s operations in Northeast Arkansas which total $62 million in assets since it entered the Jonesboro market three years ago, FNBC CEO Marty Sellars said.
A ribbon cutting ceremony was held Wednesday morning with many local business and civic leaders in attendance, including Jonesboro Mayor Harold Copenhaver.
Those assets include $59.5 million in total loans, and $21.6 million in deposits. The facility will employ seven workers. The bank’s growth in the region’s largest market has been a surprise, Sellars said. Brad Snider is the president of the Jonesboro branch.
“It’s an exciting day for FNBC,” Sellars told the crowd. “We’ve been eying Northeast Arkansas for many years.”
Copenhaver, who had a career in banking before serving in elected office, noted during his remarks that Jonesboro has been a hub for bank development for many years.
Snider, who has worked in the banking industry for 30 years, said his team plans to be aggressive in a competitive market. One option patrons will have at the new bank will include an interactive teller machine, or ITM.
ITMs, sometimes called a ‘branch in a box’, allow a customer to interact with bank employees through a traditional ATM. It will allow customers to utilize bank services during extended hours, Snider said.
“Our FNBC staff is comprised of seasoned banking professionals who value customer service above all. The new banking center only enhances our ability to provide convenience and a high level of service to our clients,” Snider said.
The latest branch is the 11th in the FNBC chain. The bank, with more than $600 million in assets, stretches from Baxter County to the west and Batesville to the south. It’s furthest branch north is in Mammoth Springs along the Arkansas/Missouri border. It has $391.5 million in loans and $460.8 million in total deposits, according to figures released by the bank.
“We are pleased to establish a stronger presence in Northeast Arkansas,” Sellars said. “The area is growing in terms of population and business development and FNBC is well-equipped to meet the banking needs of new and expanding businesses.”