← All regulatory updates

Arkansas State Bank Department · AR

Legacy Bank Becomes a State-Chartered Institution

July 15, 2026

Summary

On June 25, 2026, the Arkansas State Banking Board approved the conversion of Legacy National Bank (Springdale, AR) to a state-chartered institution, Legacy Bank. The conversion transfers regulatory oversight from the OCC to the Arkansas State Bank Department. No other entities are affected.

AI-generated summary · Jul 21, 2026. Verify with your compliance counsel before acting.

How this was generated

We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.

On June 25, 2026, the State Banking Board approved an application from Legacy National Bank, Springdale, Arkansas, to convert to a state-chartered bank named Legacy Bank, Springdale, Arkansas.

Source: https://banking.arkansas.gov/legacy-bank-converts-to-state-charter-june-25-2026/

Common questions

What does "Legacy Bank Becomes a State-Chartered Institution" cover?
On June 25, 2026, the Arkansas State Banking Board approved the conversion of Legacy National Bank (Springdale, AR) to a state-chartered institution,…
Which agency issued this update?
This update was issued by Arkansas State Bank Department.
When was it published?
It was published on July 15, 2026.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Related updates

Stop missing the rule that costs you a loan.