Commercial Bank & Trust, First State Bank to unify

by Talk Business & Politics staff ([email protected]) 342 views 

Commercial Bank & Trust announced a strategic initiative to unify its sister bank, First State Bank of Warren, into the Commercial Bank operation effective June 24, 2024.

Given the proximity of locations, unifying as one bank under the Commercial Bank charter will aid customer access and convenience, the bank said. Customers will have access to a total of eight banking offices and nine ATMs in the southeast Arkansas communities of Monticello, Warren, Hermitage and Hampton.

Both banks were purchased by Bennie Ryburn, Sr., more than 50-years ago and have operated as separate and distinct banks since that time.

“Joining the two banks together will remove back-office redundancies and allow us to offer greater convenience, and better products and services such as enhanced technology for customers. It will also allow our staff to spend more time with customers and less on administrative duties that act as a barrier to service. It’s a win-win for the communities we serve because no staffing, philanthropic-giving or community development will be reduced. We will eliminate the structural red tape of operating with two names,” said Todd Smith, president of Commercial Bank and First State Bank of Warren.

The bank will convert its computer systems in mid-June and open June 24, 2024 as a combined institution.

“Unifying our banks under a common name and charter allows us to leverage our strengths as we continue to invest in our employees, our customers, and the communities we serve,” said Bennie Ryburn, III, Chairman and CEO. “Operating as one bank will be a game-changer for customers on day one while we focus on the things that set us apart, 1) local bankers making local decisions, 2) investing in our relationship-based model to satisfy customer needs, and 3) actively serving the Southeast Arkansas communities we call home.”

Both First State Bank and Commercial Bank customers should continue using their existing deposit accounts, loans, debit cards, and digital services. First State Bank will notify customers in writing with any updates regarding the re-brand to Commercial Bank.