First Community Bank: A Cornerstone of Batesville, Arkansas

Introduction

Amidst the rolling hills and bustling streets of Batesville, Arkansas, stands a financial institution that has been a pillar of the community for over a century: First Community Bank. Since its humble beginnings in 1919, the bank has grown into a thriving enterprise, serving the diverse needs of individuals, families, and businesses alike.

History and Growth

The bank's journey began in 1919 as the Independence County Bank, a modest operation headquartered in a small downtown building. Over the years, through strategic expansions and acquisitions, it evolved into First Community Bank. Today, the bank operates 12 branches across Arkansas, including nine in Independence County.

Commitment to Community

First Community Bank stands out for its unwavering commitment to the Batesville community. The bank is actively involved in supporting local organizations, sponsoring events, and investing in community development initiatives. As a testament to its community-centric approach, the bank earned the designation of "Community Development Bank" from the U.S. Department of the Treasury.

Financial Performance and Stability

First Community Bank has established a strong foundation of financial stability over its long history. According to data from the Federal Deposit Insurance Corporation (FDIC), as of June 30, 2023, the bank had total assets exceeding $1.5 billion, total loans of $1.1 billion, and total deposits of $1.3 billion. The bank's financial strength has earned it high ratings from independent credit agencies such as BauerFinancial and Weiss Ratings.

Products and Services

First Community Bank offers a comprehensive range of financial products and services tailored to meet the needs of its diverse clientele. These include:

• Personal Banking: Checking and savings accounts, money market accounts, CDs, and IRAs
• Business Banking: Commercial loans, lines of credit, and treasury management services
• Mortgage Lending: Conventional, FHA, VA, and USDA loans
• Wealth Management: Investment services, estate planning, and trust administration

Community Impact

First Community Bank plays a pivotal role in the economic health and well-being of Batesville and the surrounding areas. The bank's lending activities support local businesses, creating jobs and stimulating economic growth. Additionally, the bank's philanthropic efforts and community involvement contribute to the overall quality of life in the region.

Why First Community Bank Matters

• Local Ownership: First Community Bank is locally owned and operated, ensuring decision-making is rooted in the interests of the Batesville community.
• Flexible and Innovative: The bank is known for its flexibility and willingness to adapt to the changing needs of its customers and the community.
• Commitment to Service: First Community Bank places a strong emphasis on customer service, providing personalized banking experiences to all who walk through its doors.

Benefits of Banking with First Community Bank

• Support Local: Banking with First Community Bank supports a business that is deeply invested in the well-being of the community.
• Personalized Service: Receive tailored financial advice and tailored banking solutions that meet your unique needs.
• Stable and Secure: Trust in a financially sound institution with a track record of stability and growth.

Call to Action

If you are seeking a financial partner that is committed to your success and the well-being of your community, look no further than First Community Bank. Visit a branch today or explore their website at www.firstcommunity.net to learn more about how they can help you achieve your financial goals.

Tips and Tricks

• Take Advantage of Online Banking: Sign up for online banking to access your accounts, pay bills, and transfer funds conveniently from anywhere.
• Maximize Your Savings: Consider automatic transfers to a high-yield savings account to grow your money over time.
• Consult with a Financial Advisor: Schedule a consultation with a First Community Bank financial advisor to discuss your long-term financial plans.

Step-by-Step Approach to Opening an Account

1. Choose the Right Account: Browse First Community Bank's website or visit a branch to explore the different account options available.
2. Gather Required Documents: Bring a valid government-issued ID, proof of address, and any additional documentation required for the account you are opening.
3. Complete the Application: Fill out an account application form accurately and provide the necessary information.
4. Fund Your Account: Deposit the initial funding amount into your account to activate it.
5. Enjoy Your New Account: Access your funds, manage your finances, and benefit from the personalized services offered by First Community Bank.

Tables

Table 1: Financial Performance Highlights

Table 2: Branch Locations

Table 3: Financial Services