Chambers Bancshares to Acquire River Town BankCB-RTB Logo

posted April 24, 2019

DANVILLE, ARKANSAS – John E. Chambers III, Chairman of Chambers Bancshares, Inc., and Blake Tarpley, President and CEO of River Town Bank, announced today that their respective Boards of Directors have entered into a definitive agreement for Chambers Bancshares to acquire Bank of Dardanelle Bankshares, Inc., the parent company of River Town Bank, pending standard regulatory approvals. The acquisition will merge the two remaining banks chartered in Yell County.

The transaction is expected to close mid-summer 2019. At that time, River Town Bank will become a subsidiary of Chambers Bancshares, Inc., and will continue to operate as a separate bank until the banking systems are converted and the banks are merged under the Chambers Bank name, which is expected in the fourth quarter of 2019.

“Chambers Bank is a respected and financially-sound community bank,” Tarpley said. “We believe that the commitment the organization has shown to its employees, customers and the communities it serves in Arkansas will be positive for River Town employees and our customers. We look forward to working with the team at Chambers to make this a successful and seamless transition for everyone involved.”

With an asset size of $132 million at the end of 2018, River Town Bank operates branches in Atkins, Conway, Danville, Dardanelle, Dover and Russellville. The purchase will bring Chambers Bank’s total asset size to more than $950 million and add four Arkansas communities to its branch locations.

“Of course we’re excited to expand our footprint in Arkansas through the acquisition of River Town Bank, but this purchase was about much more than that,” Chambers said. “Both banks were founded in the 1930s in Yell County and have shared values of exceptional customer service, community support and–most importantly–trust. River Town Bank customers can be assured that we will continue to offer the hometown service and hometown values to which they’ve grown accustomed, but with even more locations and financial products.”

Customers of both banks should continue to conduct banking as usual at their respective branches until the banking systems are converted and the banks are merged. River Town Bank customers will receive notifications from Chambers Bank in advance regarding the acquisition and new opportunities for banking and customer support services. In the meantime, River Town Bank customers should contact their local RTB branch office with questions. 

Media Contact:
Lori Walker
479-393-0112 (cell)


Van Buren RenderingGroundbreaking Scheduled for Chambers Bank in Van Buren

posted January 31, 2019

VAN BUREN, ARKANSAS – Chambers Bank will break ground on a full-service branch in Van Buren on Tuesday, February 5 at 2:00 p.m.

Located at the corner of Highway 59 North and Northridge Drive, the Van Buren branch will house traditional banking amenities like an ATM, teller services, and drive-through banking, but will also feature updated technology and design to provide a concierge banking experience.

“Van Buren is a vibrant, thriving community, and we’re excited to expand our footprint in Crawford County,” Greg Rotter, president of the western division of Chambers Bank, said. In 2017, Chambers Bank opened a Loan Processing Office (LPO) in Van Buren.

The 4,500 square-foot facility was designed by DBSI of Chandler, AZ. Salter Construction Inc. of Conway will be the general contractor.

The new Van Buren location will become Chambers Bank’s 19th branch and the first full-service facility in Crawford County.

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 18 branches throughout Arkansas.


Matt HicksMatt Hicks Named Chief Credit Officer for Chambers Bank

posted January 2, 2019

FAYETTEVILLE, ARKANSAS – Matt Hicks has joined Chambers Bank as its Chief Credit Officer. Hicks has more than 14 years of experience in the financial services industry, most recently having served as a commercial lender and Fayetteville market leader at First National Bank NWA.

After graduating from Arkansas State University in 2004, Hicks began his banking career at Liberty Bank in retail operations. He later led the loan administration department at Liberty and served as Benton County market president for Centennial Bank. Hicks also served as commercial loan market manager for northwest Arkansas for Great Southern Bank.

“We are thrilled to add Matt to our Chambers Bank executive team,” executive vice president J.R. Meeks said. “Matt’s breadth of experience in banking makes him uniquely qualified to lead our credit administration department.”

A native of Lawrence, Kansas, Hicks has made northwest Arkansas his home since 2006, where he gives of his time to improve the region’s quality of life. He currently serves on board for the Single Parent Scholarship Fund of Northwest Arkansas and was recognized as the Arkansas Single Parent Scholarship Fund Volunteer of the Month in March. He’s a past board member for the Children’s Safety Center, Students in Free Enterprise (now Enactus) at NorthWest Arkansas Community College, and Northwest Arkansas Emerging Leaders.

“Northwest Arkansas continues to be an important part of our growth strategy for Chambers Bank,” president Mike Donnell said. “Not only does Matt possess the knowledge and skills to develop and manage our overall credit strategy to help grow the bank, his passion for helping others will help us to grow our Arkansas communities, as well.”

A graduate of Leadership Fayetteville, Hicks also holds an MBA from Harding University.

“I couldn’t be more excited to join the Chambers Bank team as chief credit officer,” Hicks said. “I have a tremendous amount of respect for the seasoned group of quality bankers leading the company and am thrilled to be a part of what promises to be a bright future.”

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 18 branches throughout Arkansas.


Loren ShackelfordLoren Shackelford Promoted to Market President in NWA

posted November 1, 2018

FAYETTEVILLE, ARKANSAS – John Ed Chambers III, CEO of Chambers Bank, has announced the promotion of Loren Shackelford to Market President/Chief Lending Officer of the Northern Division. Shackelford joined Chambers Bank in 2014 as its Chief Lending Officer for the Northern Division, a role he will retain.

Shackelford has more than 26 years’ experience in banking–all in northwest Arkansas. After beginning his career with the Bank of Fayetteville in 1992, he held senior leadership roles at Arvest Bank, Signature Bank and First Security Bank.

In this expanded role, Shackelford will work alongside Chambers Bank Executive Vice President J.R. Meeks to oversee the Bank’s growth strategy for the northwest Arkansas region. “We are excited to have Loren leading our Northern Division,” president Mike Donnell said.  “During his tenure as Chief Lending Officer for that division, the Bank’s assets have grown over 20%, and Loren played a key role in that growth.”

Shackelford holds a bachelor’s degree in finance from the University of Arkansas and is a 2003 graduate of the Southern Methodist University Graduate School of Banking. 

Chambers Bank is a community-focused financial services company headquartered in Danville, Arkansas. Founded in 1930, Chambers Bank currently operates 18 branches throughout Arkansas.


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