Central Bank of Arkansas is a community bank offering personal and commercial banking services with mobile banking, checking, savings, loans, and merchant services.
Editorially reviewed by Harvey Brooks
Central Bank of Arkansas operates as a regional bank serving both personal and commercial customers in Arkansas. The institution positions itself as a 'small town bank in the big city,' emphasizing personalized service and local accessibility. Founded with a commitment to supporting small business growth, Central Bank markets itself with the tagline 'Big Ideas for Small Business' and offers onsite setup assistance for business clients. The bank maintains a physical presence with multiple locations and hours, combined with modern digital banking capabilities.
The bank offers a comprehensive suite of personal banking services including checking and savings accounts, certificates of deposit (CDs), Individual Retirement Accounts (IRAs), personal loans, credit cards, and merchant services. On the commercial side, they provide business checking accounts, remote deposit capabilities, commercial loans, and mobile banking. Their digital offerings include a mobile app supporting both Android (Samsung Pay) and iOS (Apple Pay) integration for contactless payments. The mobile app features streamlined login, updated navigation, and direct contact capabilities.
Central Bank differentiates itself through onsite business setup assistance, mobile-first banking design, and emphasis on personal service over large-bank impersonality. Their recent mobile app redesign prioritizes user experience with consolidated login screens, convenient 'Move Money' menus, and tap-to-call customer service directly from the app. The bank's Arkansas focus and small-business orientation reflects a community banking model rather than national chain operations.
The company currently faces a documented technical issue with Mobile Deposit functionality, which they acknowledge is under active resolution. While the website content emphasizes service quality and convenience, actual loan terms, interest rates, and fees are not disclosed in available web materials. Customers should verify current product terms and availability before opening accounts or applying for services. Many banks offer installment loans with fixed monthly payments, giving borrowers a clear payoff timeline.
Yes. Central Bank is a registered company headquartered in Little Rock, AR, founded in 1912. They hold a rating with the Better Business Bureau.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
Central Bank of Arkansas is best for small business owners and personal customers in Arkansas seeking community bank services with personalized support and modern mobile banking capabilities. Primary caveat: customers must verify current product terms and rates on the website or by phone, as specific pricing and fees are not published online, and the Mobile Deposit feature is currently experiencing technical issues.
Bank OZK is a full-service bank offering personal and business banking, mortgages, and wealth management with 24/7 online and mobile banking access.
Best for: Customers seeking 24/7 digital banking access with competitive CD rates, Agricultural businesses and associations needing specialized lending services
Bank of Little Rock is a community bank offering FDIC-insured checking, savings, and lending products to individuals and businesses in Arkansas.
Best for: Arkansas residents in Little Rock, Pulaski County, or Saline County seeking high-yield checking accounts with active debit card usage, Local small business owners and entrepreneurs needing relationship-based lending and community bank support
Arkansas-based community bank operating since 1919 with 13 locations across five states, offering personal and business banking, mortgages, and mobile services.
Best for: Customers in Arkansas, Idaho, Louisiana, Tennessee, or Mississippi seeking relationship-based community banking, Business owners and entrepreneurs prioritizing local lending decisions and personalized service
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