June 25, 2020
First Community Bank has purchased the southeast corner of Rahling Road and Chenal Parkway in Little Rock and plans to seek regulatory approval to build a new Central Arkansas banking center.
“We are excited to build on our footprint in Arkansas,” said Dale Cole, chairman and CEO of First Community Bank. “First Community continues to invest in Central Arkansas.” Cole further stated, “In 2017, the bank opened its first Little Rock location at the corner of Kavanaugh and Cantrell. In 2019, a second full-service location was opened at Saddle Creek. It is with great excitement that I can share our news of the purchase of this property and our plans to construct a new state-of-the-art banking center for Central Arkansas, pending regulatory approval. Our 27-location banking network also offers two facilities in Cabot and a new full-service location in Conway with more expansion plans to come.”
The proposed plan is to build an approximately 15,000 square-foot, two-story complex on the site. Work would start later this year with the goal of opening in 2021. Plans put the proposed building directly across from the Promenade at Chenal.
“Between the growth that we have experienced as an organization and expansion opportunities in Central Arkansas, it became increasingly important to expand into a larger banking center to show our commitment to this area,” said Renè Julian, community president in Little Rock. “The new banking center will include a retail banking branch plus office space for retail and commercial lending, secondary market home loans, electronic banking services and bank operations. It will be a true one-stop financial center.”
In addition to Pulaski County, the bank also has locations in Faulkner, Lonoke, Baxter, Craighead, Independence, Jackson, Sharp, Poinsett, Boone and White counties, as well as McDonald and Newton counties in Southwest Missouri.
In conjunction with the grand opening, First Community Bank is offering a special Little Rock promotion for the month of March. When a new personal or business checking account is opened at either of our Little Rock First Community Bank locations (8201 Ranch Boulevard., Ste. B4 or 4900 Kavanaugh Boulevard) with a deposit of $500 or more, $100 will be credited to the account on May 31, 2020, if the account is still active, and a direct deposit has been attached to the account. This offer excludes Community Choice checking.