Legacy Bank rebrands, seeks state charter

Legacy National Bank of Springdale announced plans to become a state-chartered, Federal Reserve member bank effective by June 30, pending approval from the Arkansas State Bank Department and the Federal Reserve Bank.

Legacy National Bank will rebrand as Legacy Bank, according to a company press release.

“Legacy is a locally owned community bank, and we’re proud to be joining the majority of Arkansas banks chartered by the State of Arkansas,” said Patrick Swope, president and CEO. “We’re the exact same bank with the same people, services and commitment to our customers, with an even stronger focus on Arkansas. Our bank is strong, well-capitalized and securely positioned for the future.”

The change will not affect customers’ daily operations, and customers will not need to take any action related to the change. Customer deposits will continue to be insured by the Federal Deposit Insurance Corporation (FDIC).

Among the 77 banks headquartered in Arkansas, 70 are chartered by the state of Arkansas and seven have national charters issued by the Office of the Comptroller of the Currency. When Legacy National converts to a state charter, 71 banks will be chartered by the State of Arkansas and six will have national charters.

Legacy National Bank was founded as a locally owned, community bank in 2005. The bank is headquartered in Springdale with offices in Springdale, Bentonville, Fayetteville, Gravette, Hiwasse, Lincoln and Rogers.

Legacy had total assets of $1.18 billion as of Dec. 31, 2025.