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Text Box: other county. Placing second and third, respectively, were Craighead County with 26 applications and Washington County with 23. It should be noted, too, that in 2003, the first four “interstate” branch applications were filed with the Bank Department. All were filed by Arvest Bank, Fayetteville, the only commercial bank based in Arkansas with a large-scale branch presence out of state. Please send comments or questions to Richard Plotkin, financial analyst, at : rplotkin@banking.state.ar.us Text Box: were filed to establish branch offices in the 1st District, or one of every three applications processed in those five years. In contrast, 31 applications were filed to open branch offices in the 2nd District, which includes the state’s most populated county, Pulaski. During the second five-year period, 71 applications were filed to establish branches in the 2nd District, more than one-third of total filings. Next on the list during the period is the 3rd District, home of the Fayetteville-Springdale-Rogers and Fort Smith metropolitan Text Box: statistical areas. Fifty applications were filed for branches in this district. On a county level during the 10-year period, more applications – 49 – were filed to establish branches in Pulaski County than any Text Box: Top 10 Counties for Branch Applications 1994 — 2003 Pulaski 49 Craighead 26 Washington 23 Faulkner 21 Garland 19 Benton 18 Lonoke 13 Pope 13 Sebastian 13 White 12 Text Box: Volume 1, Issue 1

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Text Box: March 31, 2004 Text Box: of State Bank Supervisors) and made salaries competitive with the private sector. Frank White was noted for two lasting accomplishments. The first, bank director training, is being duplicated by bank departments across the United States. Frank also expanded a flextime schedule for our examiners. This schedule has resulted in increased morale and less staff turnover. Individually, these accomplishments may not seem that significant. Collectively, they have resulted in one of the finest state bank departments in the country. In a private moment recently, a CSBS accreditation team evalutating our office stated our staff is one of the finest they have observed on both the state and federal levels. I am very pleased to be associated with such an excellent organization. As a banker, I’m very proud to have such a qualified and professional group looking over our industry. As the State Bank Commissioner, I am most grateful to my predecessors for their many accomplishments and the sacrifices they made. We are in their debt. Text Box: BRANCH Continued from Page 2 Text Box: VIEW Continued from Page 1

Breakout of Branch Applications by Congressional District

1994—2003