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About Us


Directors of Forrest City Bank, NA

  • Dwight L. Rutland, Chairman
  • Aubrey L. Jayroe
  • Dr. Dale L. Morris
  • John V. Casbeer, Jr.
  • Brad J. Beavers

Officers of Forrest City Bank, NA

  • Dwight L. Rutland, President/Chief Executive Officer/Chief Lending Officer
  • Sherry Eason, Vice President of Administration & Corporate Secretary
  • Rhonda Peterson, Senior Vice President/Chief Financial Officer/Treasurer
  • Sherry Shepherd, Senior Vice President of Operations
  • Karen Johnson, Vice President of Credit
  • Diane "Dee" Thomason, Vice President of Credit
  • Ty Lindsey, Systems Manager

History of Forrest City Bank

The Forrest City Building and Loan Association began in 1919 chartered by the State of Arkansas, and at the end of the first year had modest assets of only $12,450.00. Mr. S. L. Kirkpatrick was the first president, and attorney C. W. Norton, Sr. was the first secretary and managing officer. The association was located in the law office of Mr. Norton and remained there until 1962.

The members of the first board of directors were forward-looking men. Their desire was to help people in the Forrest City area to become home owners. They felt that people who owned their homes would be better citizens and taxpayers, with a real stake in the growth of our town.

The association grew, but when the depression of the 1930's came, the assets were reduced to about $140,000. In 1963 the association moved from the office of Mr. Norton to East Broadway where Walker Insurance is now. Construction was started on a building for the association at 106 North Izard, where the Post Office is located now, and Forrest City Savings and Loan moved into that location in 1964. The association had grown to over $3,000,000 in assets by that time.

The Savings and Loan grew at a steady rate over the next several years. In 1974 the asset growth had reached $9,144,000. By 1984 the assets were $26,412,000.

In 1984 the association sold its property at 106 North Izard for the new Post Office and purchased a building site at 715 North Washington. The construction of a new colonial-type building was begun in March, 1985, and the grand opening of our new and present home was held December 5, 1985.

In 1994, the association converted to a stock company, and in 1995 the name was changed to Forrest City Bank to show that our services included more areas of banking. The Forrest City Bank, now a national association, has around $50,000,000 in assets. The Food Giant Branch of the bank was opened in April of 1998 and relocated to the Express Bank in September of 2008 offering drive thru service. The Directors, Officers and employees continually look for new and better ways to serve the customers.