Tax Cuts, Tailored Regulations Position State Banks For Growth In 2018

Bill Holmes says 2018 will look a lot like 2017 for the state’s banking industry.

“And 2017 was a good, healthy year for banks in our state,” Holmes said.

Holmes, president and CEO of the Arkansas Bankers’ Association for the past six years, pointed to a strong year of asset growth and deposit growth in 2017. According to the most recent data available from the Federal Deposit Insurance Corp. (FDIC), the number of banks in Arkansas shrank from 103 to 98 in the 12 months from Sept. 30, 2016, to Sept. 30, 2017. But assets grew from $87.7 billion to $97.4 billion. In the 12 months that ended June 30, total deposits statewide reached a record $56.5 billion.   MORE

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