The Importance of Knowing a Local Banker

By Beth Dedman on Friday, May 14, 2021

The beauty of banking in Arkansas is the bounty of local bankers eager to help you along your financial journey. You will want to have a relationship established with a local banker when the time comes that you want to buy your first home, to refinance, to be an entrepreneur and need a small (or big) business loan, or do anything else to build your future. These relationships can be powerful.

When you have an established history with a banker, and need a loan or line of credit, their history with you as a customer will help with getting loans approved. If you aren't necessarily the ideal customer on paper, but they know you've never missed a payment and repaid all previous loans, they'll vouch for you to get the best rate and get the loan underwritten.

“The thing that I love about being in this industry is the impact that local bankers can have in their communities,” says Lorrie Trogden, President and CEO of the Arkansas Bankers Association. "It’s very fulfilling to know that this industry makes such a difference in people’s everyday lives.”

Even before you need money, you can start working with your banker on ways to prepare for your financial future and ask them questions to make sure that you understand what you’re getting into. They are there to help you set financial goals, achieve them and then work on the next one. The importance of working with your local banker is that they can help you with the entire life cycle of your financial needs. Even small financial goals can add up over a lifetime to be very beneficial to you financially.

“It’s never too early to start thinking about your finances,” Trogden says. “Starting the habit of saving early can help throughout our entire lives.”

"Banks are the cornerstone of their communities. It is about so much more than just opening checking accounts and things like that. they are there to work with you to shape your financial future.” -Lorrie Trogden, President/CEO of The Arkansas Bankers Association

Banks We Love

These local banks not only serve customers, but also the community!

Arvest Bank
121 branches

Arvest Bank is celebrating its 11th annual Million Meals campaign, which aims to provide more than a million meals to 90-plus food banks and organizations in Arkansas, Kansas, Missouri and Oklahoma.


Centennial Bank
81 branches

The bank’s Flame of Hope Campaign and the Law Enforcement Torch Run for Special Olympics Arkansas supports 19,500 athletes participating statewide.


Simmons Bank
76 branches

Simmons Bank presented $30,000 to Junior Achievement USA, which will fund work-readiness and financial literacy skills for children across Simmons Bank’s footprint.The donation was made in honor of nearly 3,000 volunteer hours that associates donated to their local communities last fall.


First National Bank
20 branches

The Arkansas State Police Foundation Chairman's Award was given to First National Bank in 2018, for aiding the Arkansas State Police Foundation Board of Directors by greatly contributing to their work.


Bank of America
19 branches

Their Environmental Business Initiative has mobilized more than $158 billion in financing to low-carbon and sustainable business activities across the globe.


Generations Bank
9 branches

The Van Buren branch associates volunteer for the Crawford County Adult Spelling Bee fundraiser, which is put on every year so that Crawford County Volunteers for Literacy can continue to offer free education services to county residents.