AR SR1

State Bank Department was created by Act 113 of 1913, approved March 3, 1913, with John McKissick Davis appointed as the first State Bank Commissioner by Governor Joseph T. Robinson

Department assets grew from $67.2 million in 1914 to $48.8 billion as of December 10, 2012, while the initial ten-person staff expanded to oversee state-chartered banks, trust companies, and savings institutions

State Bank Department serves as regulatory and chartering authority for Arkansas state-chartered banks, supervises financial institutions, ensures sound banking operations, reviews applications for new banks and branch offices, and promulgates banking regulations

Candace A. Franks, appointed as the 21st Bank Commissioner by Governor Mike Beebe in 2007, is the first female Bank Commissioner in Arkansas history and had served 27 years with the department prior to appointment

Senate commemorates the State Bank Department's 100 years of service to Arkansas and directs that a copy of this resolution be presented to Bank Commissioner Franks