First Security Bank
Encyclopedia
First Security Bank is a privately held company based in Searcy, Arkansas
. It currently operates 70 locations across the state of Arkansas and is a division of Arkansas’ sixth largest bank holding company, First Security Bancorp. First Security owns the recognizable First Security Center in Downtown Little Rock, located in the historic River Market District.
In 1977, Reynie Rutledge purchased First Security Bank and in 1981 created a bank-holding company that is now known as First Security Bancorp. Through the years, First Security Bancorp has acquired and established several financial organizations to create Arkansas’ sixth largest bank-holding company.
In 2004, First Security opened its first branch in Little Rock on Cantrell Road. Soon after, construction was completed on the First Security Center in the Little Rock Rivermarket District. The building is the tallest in the Rivermarket area and houses a First Security branch, a six-story Marriott Courtyard Hotel, and several floors of office space and luxury condominiums.
First Security has over $3.2 billion in assets and over 900 employees working in 70 locations throughout the state in 2010.
First Security Bank has banking centers located in: Beebe, Bella Vista, Benton, Bentonville, Bryant, Bull Shoals, Cabot, Clarksville, Clinton, Coal Hill, Conway, Fayetteville, Gassville, Greenbrier, Griffithville, Heber Springs, Jonesboro, Judsonia, Little Rock, Lowell, Maumelle, Mayflower, McRae, Mountain Home, Mountain View, North Little Rock, Pangburn, Rogers, Searcy, Springdale and Vilonia.
Searcy, Arkansas
Searcy is the largest city and county seat of White County, Arkansas, United States. According to 2006 Census Bureau estimates, the population of the city is 20,663. It is the principal city of the Searcy, AR Micropolitan Statistical Area which encompasses all of White County...
. It currently operates 70 locations across the state of Arkansas and is a division of Arkansas’ sixth largest bank holding company, First Security Bancorp. First Security owns the recognizable First Security Center in Downtown Little Rock, located in the historic River Market District.
Company history
First Security Bank was chartered in 1932 in Searcy, Arkansas, under the name of Security Bank. In 1966, the name was officially changed to First Security Bank. The bank was originally located at the corner of Arch Street and Spring Street but in 1971 moved to its current location at 314 N. Spring Street, on the corner of Spring Street and Race Street.In 1977, Reynie Rutledge purchased First Security Bank and in 1981 created a bank-holding company that is now known as First Security Bancorp. Through the years, First Security Bancorp has acquired and established several financial organizations to create Arkansas’ sixth largest bank-holding company.
In 2004, First Security opened its first branch in Little Rock on Cantrell Road. Soon after, construction was completed on the First Security Center in the Little Rock Rivermarket District. The building is the tallest in the Rivermarket area and houses a First Security branch, a six-story Marriott Courtyard Hotel, and several floors of office space and luxury condominiums.
First Security has over $3.2 billion in assets and over 900 employees working in 70 locations throughout the state in 2010.
Historical highlights
- 1977 - Reynie Rutledge purchases First Security Bank of Searcy
- 1979 - Established First Security Mortgage
- 1981 - Rutledge forms bank holding company, doing business as First of Searcy, Inc
- 1989 - Acquired Peoples Bank & Trust of Mountain Home
- 1991 - Holding company name changed to First Security Bancorp & acquired Citizens Bank of Beebe
- 1995 - Acquired Farmers Bank & Trust Company of Clarksville
- 1997 - Acquired First Community Bank of Conway
- 1999 - Established First Security Bank of Northwest Arkansas
- 2000 - First Security Bancorp granted financial services holding company status & acquired Crews & Associates
- 2001 - Established partnership with The Vanadis Group & established First Security Leasing
- 2003 - Acquired First National Bank of Springdale
- 2004 - Acquired Beardsley Public Finance & opened First Security Center in Little Rock
- 2005 - Established First Security Wealth Management / Established First Security Student Loan Division
- 2009 - Acquired Union Bank of Benton
Services and locations
First Security sells a variety of financial products and services including personal, commercial and mortgage loans; all types of checking and savings accounts; certificates of deposit; trust services; savings bonds; money orders; safe deposit boxes; wire transfers; internet banking; and locally issued Visa/MasterCard credit cards.First Security Bank has banking centers located in: Beebe, Bella Vista, Benton, Bentonville, Bryant, Bull Shoals, Cabot, Clarksville, Clinton, Coal Hill, Conway, Fayetteville, Gassville, Greenbrier, Griffithville, Heber Springs, Jonesboro, Judsonia, Little Rock, Lowell, Maumelle, Mayflower, McRae, Mountain Home, Mountain View, North Little Rock, Pangburn, Rogers, Searcy, Springdale and Vilonia.