Regions Holding Co. Outranks Arkansas Firms
by January 5, 2004 12:00 am 47 views
More than $17.8 billion is held in Arkansas deposits by the 10 largest bank holding companies with offices in Arkansas. Of that amount, Fayetteville-chartered Arvest Bank Group Inc. is the largest in-state operation with 9.12 percent of the statewide market or $3.43 billion.
Arvest’s total includes its 2003 acquisitions (see chart) of Bank of Yellville and Superior Bank of Fort Smith.
Regions Financial Corp. of Birmingham, Ala., has the biggest share of Arkansas deposits at 10.78 percent, but Bank of the Ozarks Inc. in Little Rock had the best market share growth by an in-state firm at more than 27 percent.
TAB CHART
Holy Holding Companies
The following are the Top 10 largest bank holding companies in the state ranked by Arkansas deposits as of June 30 with dollar values in thousands
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| Deposits | Market Share | ||||
| Holding Company | 2003 | % | 2003 | % | |
| Rank | Arkansas Branches | 2002 | Change | 2002 | Change |
| 1 | Regions Financial Corp. | $4,065,340 | 3.50% | 10.78% | -1.91% |
| 102 | $3,927,726 | 10.99% | |||
| 2 | Arvest Bank Group Inc.* | $3,439,310 | 7.57% | 9.12% | 1.90% |
| 110 | $3,197,251 | 8.95% | |||
| 3 | Bank of America Corp. | $2,175,425 | 4.80% | 5.77% | -0.69% |
| 57 | $2,075,859 | 5.81% | |||
| 4 | BancorpSouth Inc. | $1,686,858 | 0.36% | 4.47% | -4.89% |
| 46 | $1,680,847 | 4.70% | |||
| 5 | Simmons First National Corp.** | $1,652,929 | -0.38% | 4.38% | -5.60% |
| 61 | $1,659,237 | 4.64% | |||
| 6 | First Security Bancorp | $1,284,171 | 6.74% | 3.41% | 1.19% |
| 40 | t$1,203,127 | 3.37% | |||
| 7 | U.S. Bancorp | $995,003 | t-5.21% | 2.64% | -10.20% |
| 50t | $1,049,688 | 2.94% | |||
| 8 | Bank of the Ozarks Inc. | $949,489 | 33.98% | 2.52% | 27.27% |
| 38 | t$708,664 | 1.98% | |||
| 9 | Home Bancshares Inc. | $844,564 | 29.10% | 2.24% | 22.40% |
| 29 | t$654,172 | 1.83% | |||
| 10 | First Bank Corp. | $751,503 | 2.34% | 1.99% | -3.40% |
| 19 | $734,321 | 2.06% | |||
| Totals | $17,844,592 | 5.65% | |||
| $16,890,892 |
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*Reflects acquisition of Bank of Yellville and Superior Bank of Fort Smith. For comparison, 2002 data has also been combined. **Announced acquisitions of Alliance Bancorporation of Hot Springs and nine Arkansas branches from Union Planters Bank of Memphis will increase Simmons’ deposits to $1.9 billion and its share of the state’s deposits to 5.03 percent. Announced acquisition of First National Bank of Springdale will increase First Security’s deposits to $1.58 billion and its share of Arkansas deposits to 4.19 percent.
Source: Federal Deposit Insurance Corp.t