Arkansas
State Bank Department

State Banking Board

Meeting Minutes for November 13, 2003

(updated December 3, 2003)

 

            A special meeting of the State Banking Board was held in the conference room of the Arkansas State Bank Department, 400 Hardin Road, Suite 100, Little Rock, Arkansas, at 10:00 a.m. on Thursday, November 13, 2003.  The following Board Members were present:  Chairman David Bartlett, Vice Chairman Gus Rusher, Richard Mays, Charles Mazander, Margie Russ, and David Short.  Representing the State Bank Department were Commissioner Bunny Adcock, Deputy Commissioner Candace Franks, Management Project Analyst Cynthia Nixon, and Administrative Assistants II Barbara Mahoney and Marilyn Myers.  Lynn Perkins from Bushman Court Reporting was the recording reporter for the applicants.   Tom Gay was present from the Attorney General’s office.   No representatives from the media were present.

            State Bank Commissioner, Bunny Adcock, called this special meeting of the State Banking Board.  Notice of the special meeting was sent by regular mail to each member of the State Banking Board on October 8, 2003.  The notices were also given to the news media in accordance with state law.   Due to Don Clark’s absence, Cynthia Nixon served as Secretary to the Board.

Commissioner Adcock opened the meeting.   He then asked the visitors and guest to stand and introduce themselves and state whom they represent.   He then turned the meeting over to Chairman David Bartlett. 

First on the agenda was consideration of the Minutes of the August 28, 2003, Special Board Meeting.  A motion was made by Charles Mazander, seconded by David Short, to approve the Minutes as presented.  Motion carried and the Commissioner concurred.

Next was approval of expenses for the Board.  A motion was made by David Short, seconded by Charles Mazander, to approve the Board’s expenses.  Motion carried and the Commissioner concurred.

Next on the agenda was consideration of an application by Arvest Bank, Fayetteville, to merge Superior Bank, 5000 Rogers Avenue, Fort Smith, Arkansas, with and into Arvest Bank.  Randy Dennis of DD&F Consulting gave a presentation of the application.  After general questioning by the Board, a motion was made by Gus Rusher to approve the application.  The motion was seconded by Charles Mazander.  The motion carried and the Commissioner concurred.  [David Short abstained from voting.]

The next Board Meeting will be a Special Meeting to be held December 4, 2003, at 10:00.

All business attended to the meeting was adjourned.