Rogers Bank Executive Changes Teams
by June 24, 2013 12:00 am 175 views
You may have heard that longtime Northwest Arkansas bank executive Joe Spivey is changing teams in the super-banked Rogers market.
Spivey has left Liberty Bank, where he had been community president since 2006, to become market president for a new entrant into the market — Mountain Home-based lender Integrity First Bank.
Spivey said the bank’s Rogers branch would be in a 1,250-SF space in a building at 207 N. 24th St., just off West Walnut.
The branch application is still pending regulatory approval, but Spivey offered a conservative guess that the office would be operational by the end of July.
The office will start with three employees.
IFB has eight branch locations across north Arkansas. A Rogers location would raise the number of banks that do business in the city to 20 — through a combined 40 offices — according to data compiled by the Arkansas Bankers Association.
According to the most recent FDIC data, as of March 31, IFB reported $408.3 million in assets, $240.5 million in loans and $339.5 million in deposits.
IFB was founded in 1963, and was known as First National Bank & Trust Co. until April 2012 when its holding company, Mountain Home Bancshares Inc., made the decision to unify the bank’s offices in Mountain Home, Pocahontas and Jonesboro, and re-brand as Integrity First Bank.