First Bank Corp. Bolsters Arkansas Footprint Through Merger with First State Bank of Russellville

In a strategic consolidation within Arkansas's regional banking sector, First Bank Corp., a multi-bank holding company, announced today its merger with First State Bank, headquartered in Russellville. The deal is positioned to expand First Bank Corp.'s network while allowing First State Bank to retain its local leadership, brand, and operational autonomy.

Under the terms of the agreement, First State Bank will continue serving its customer base as a community-focused institution, maintaining its current leadership team and staff. The merger folds the Russellville bank into the larger First Bank Corp. family, which oversees a portfolio of banks across western Arkansas and eastern Oklahoma.

First State Bank, which moved its headquarters to Russellville in 1999, has established a significant local presence. It now operates five branch locations and nine interactive teller machines, boasting total assets exceeding $600 million across three counties.

"This partnership unites two organizations with a deeply shared philosophy of community-first banking," said Sam Sicard, CEO of First Bank Corp. "First State Bank has earned an exceptional reputation by prioritizing its customers and communities. This move allows us to grow alongside a strong partner that mirrors our values, all while safeguarding the local focus and personalized service their clients depend on."

First Bank Corp.'s existing holdings include First National Bank of Fort Smith, First National Bank of NWA, Citizens Bank and Trust, National Bank of Sallisaw, and Central National Bank of Poteau. Company officials indicate the merger will furnish First State Bank with enhanced resources for technological upgrades, innovation, and long-term financial stability, without disrupting its relationship-driven culture.

Chip Blanchard, CEO of First State Bank, affirmed he will remain at the helm and will also join the board of directors of First Bank Corp. "This alliance gives us the scale to sustainably invest in future technology and growth initiatives, all while keeping intact the community banking ethos our customers value," Blanchard stated. "I am confident in continuing to lead our dedicated team, which our community knows and trusts."

The banks have confirmed there will be no immediate changes to customer accounts, branch locations, or daily operations. The merger is subject to customary regulatory approvals.

Community and Analyst Reactions

Michael Thorne, Small Business Owner in Russellville: "As a long-time customer, I'm cautiously optimistic. First State's personal service is why I bank with them. If this merger brings better online tools while keeping the same friendly faces, it could be a win-win."

David Chen, Financial Analyst at Heartland Advisors: "This is a logical move for First Bank Corp. to solidify its market density in the River Valley. Economies of scale can improve cost efficiency and tech investment capabilities. The key to success will be the seamless integration without eroding local customer loyalty."

Rebecca Lawson, Former Bank Employee & Local Advocate: "I'm deeply skeptical. Every merger promises 'no changes,' but consolidation always leads to less local decision-making eventually. Profits get sent to a corporate office elsewhere. We've seen this story before—it slowly chips away at true community banking."

Pastor Jim Matthews, Community Leader: "First State Bank has been a tremendous supporter of local charities and events. My hope is that their new corporate structure will honor and even amplify that commitment to grassroots community support, not diminish it."

This report includes original reporting and analysis. A version of this news initially appeared in the Fort Smith Times Record.