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Connect Bank, Financial Information

AboutConnect Bank

 Address:
116 North Lincoln
Star City,AR
Lincoln County,Arkansas
 Established:
Apr 1925
 Number of domestic offices:
5
Total assets$101M
Net income$1M
Net income,quarterly$0M
Total deposits$82M
Domestic deposits$82M
Equity capital$15M
ROA1.39%
ROAQ,quarterly1.09%
ROA,pretax1.09%
ROAQ,quarterly,pretax1.09%
ROE8.95%
ROEQ,quarterly7.04%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Bank of Star City was chartered in 1925, a $156,272.43 institution. Over the last eighty-seven years, the bank has amassed assets of approximately one hundred and four million dollars, including a new main office in Star City and four other branches in Dumas, Pine Bluff, White Hall and Watson Chapel.

According to the History Committee's The History of Lincoln County, the first stockholders meeting of record was on April 8, 1925, with the first Board of Directors meeting on May 4, 1925 consisting of A.B. Banks, J.L. Putney, W.A. Trussell, C.K. Nichols, J.D. Cogbill and A.J. Johnson. This board elected A.B. Banks President, J.L. Putney Vice President, W.R. Alsobrook Cashier and A.J. Johnson Secretary of the Board.

Main Office - Star City
Post Office Drawer 69
116 N. Lincoln Ave.
Star City, AR 71667

Telephone - 1 (870) 628-4286
Fax - 1 (870) 628-5274

Historical Data