Bank will rebrand with new name
(HELENA, AR – October 22, 2018) Helena Bancshares, Inc., parent company of Helena National Bank has announced that the Bank received regulatory approval to convert from a federal charter through the Office of Comptroller of the Currency (“OCC”) to a state charter with the Arkansas State Banking Department (“ASBD”). The change is effective immediately.
The Bank is required to remove the word “National” from its name when it is no longer an OCC Bank and will use the interim name, “HNB Bank” until the Bank has time to rebrand to a new name.
“We are pleased and excited to now be an Arkansas state bank,” stated John O. Moore, President and CEO for the Bank and the holding company. “We look forward to a strong and supportive working relationship with the state bank
department and the FDIC.” He continued, “We are actively working on selecting a new name for the Bank. We want to be
thoughtful about the name and make sure it fits with who we are as an organization. This takes some time, but we expect to be able to make the announcement in the very near future.”
There will not be any changes to customer accounts and customers do not need to do anything as a result of the charter conversion or the name change.
HNB Bank is a 78 year old full service community bank with six branches, located in Helena, West Helena, Marvell, Wynne and Crittenden (trade named Crittenden National Bank). As of June 30, 2018 the HNB Bank had $182.8 million in assets.