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How ABB Got Started
Arkansas Bankers' Bank, chartered on April 17, 1990, currently serves approximately 150 Arkansas Community Banks by offering Cash Letter Services, Investments, Portfolio Accounting, Safekeeping, Loan Participations, Fed Fund Purchases and Sales plus many other services. Since 1990, ABB has been able to extend correspondent services while lowering overall costs to the Community Banks. The Board of Directors and staff will continue to make friendly, efficient and low-cost service our #1 goal. |
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FNBB, Inc. Family
First National Bankers Bankshares, Inc., the parent company of ABB, is the first banker's bank financial services corporation in the nation to develop the concept of separate banker’s bank charters in multiple states under one holding company. Currently, there are four banking subsidiaries of FNBB, Inc. Arkansas Bankers' Bank became part of the FNBB, Inc. family in 2008, First National Bankers Bank in Baton Rouge, LA which was founded in 1984, Mississippi National Banker's Bank in Ridgeland, was founded in 2000, and First National Bankers Bank, Alabama was founded in 2004.
The fifth holding company subsidiary, FNBB Services Corp, was founded in 2000 and performs outsourced internal and compliance audits for community banks in each of our banker’s banks’ respective markets. The subsidiaries of the FNBB, Inc. family were created to serve the community banks of their respective states and their surrounding regions. Each banker’s bank’s Board of Directors is comprised of community bank Presidents or CEOs from its shareholder base. Director positions are rotated on a periodic basis and appointments are made which ensure fair geographical representation.
Being a stockholder or “member” is not a requirement for banks to use ABB’s services, but it is strongly encouraged. There are tangible advantages to being a shareholder such as annual dividends, special discounted pricing on services, and preferred access to our growing loan participation network. The greatest advantage of being a shareholder is actually one that is intangible. It lies in our perpetual commitment to always be there for our shareholders as their chosen correspondent bank partner. As you view our website, please keep in mind that ABB was truly created by Arkansas community bankers for Arkansas community bankers. As such, your needs are always at the forefront of our efforts.
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