Bank of the San Juans’ Post

Our story began in a place called Wynne in the Arkansas Delta. In 1891, a group of Northeast Arkansas businessmen gathered at the old Commercial Hotel to chat about the day’s events. It was there that they first discussed the need for a bank in their small town of just one thousand people. Under the leadership of Isaac Block, a planter who owned a large amount of valuable land just outside Wynne, this discussion amongst businessmen was transformed into an actionable plan to create a bank. In May of 1891, 31 individuals committed to invest $30,000, and applied to charter Cross County Bank in the State of Arkansas. The application was approved and the charter (#25) was granted on June 5, 1891. This was a historic event as it was only the second bank to be established in all of Eastern Arkansas. After receiving the charter, the men purchased some land and began construction on Cross County Bank. The $5,042.63 price tag of the original bank building, located at the corner of Front and Union, was expensive for 1891. It was a tremendous investment, especially considering the bank only profited $156.57 in its first year of business. This small figure could have been demoralizing, however, it wasn't long before the need for a local bank became evident. In its second year, Cross County Bank’s net income grew to $52,666! In 2005, the bank expanded into Jonesboro as “First Commercial Bank,” the first branch outside of Cross County. It then acquired full-service branches in Brinkley, Manila, Monette, Osceola, and Blytheville. In 2022, a new chapter began. Having a bank with two distinct brand names was problematic for both customers and employees, so the decision was made to unify the brand under a new name—Cross Bank. This decision served the bank’s shareholders, customers, team members, and communities by sharing the 131-year legacy and unifying the customer's banking experience in all nine communities. #mycrossbank #communitybank #heritagebrand #heritage #arkansasdelta #arkansasbank #communitymatters #crossbankcares Member FDIC | Equal Housing Lender

When you work with us at Benworth, we move fast, allowing you to close more deals than ever before. We typically send out LOIs within hours of receiving a deal, and our average time to close is just 7-10 days. Want to get your deals closed fast? Email us at loans@benworthcapital.com #mortgageloans #hardmoneyloans #privatelender

Owners of a Colorado funeral home where 190 decaying bodies were found are charged with COVID fraud 🤔💭 What are your thoughts on this news? How do you think it will impact our community? Share your opinions in the comments below! 💬👇 👍 Enjoyed this update? Follow "American News Wire" for more breaking news and insightful analysis! #AmericanNewsWire #USNews #BreakingNews #America #USPolitics #CurrentEvents #Election2024 #News #USA #Politics #NewsFlash #Economics #Future #Entrepreneurship #Startups #Innovation #bankingindustry #sustainability #education #money

Don’t Let Your Bank Account Hit Rock Bottom When Leads Stop Coming In ⬇️ As a realtor or investor, building generational wealth isn’t just about making sales—it’s about diversifying your portfolio and creating multiple streams of income. 🏡💰 If you rely solely on leads and commissions, you’re missing out on the bigger picture. Learn how to invest wisely and build a legacy that lasts, even when the market slows down. 👉🏿 Follow me @thearthurbrown for strategies on real estate, investing, and wealth-building that will set you up for long-term success. ‼️ Don’t forget to like, comment, & save this post for later! Arthur Brown | NMLS #293735 Senior Branch Manager at Fairway IMC 📲 +1(303)503-9560 📧 arthur.brown@fairwaymc.com 🌐 thearthurbrown.com Licensed in: AZ, CA, CO, FL, GA, IL, IN, KS, MN, MO, MS, ND, SD, TN, TX, VA #realestate #investing #wealthbuilding #realtorlife #diversifyyourportfolio #arthurbrown #financialfreedom #generationalwealth

🏘️ Excerpt from a recent article siting our housing research in The Philadelphia Inquirer: More than half of single-family home buyers there from 2020 to 2022 were corporate entities, buying more than 700 properties, according to Reinvestment Fund data. That’s compared with about a quarter of purchases citywide. That rise in investor purchases is squeezing out some would-be homebuyers. It has also degraded the rental housing stock, said Emily Dowdall, President of Policy Solutions at the Reinvestment Fund, a nonprofit lender in Philadelphia. In her analysis of investor purchases, the “vast majority” showed no subsequent permits or rental licenses — meaning that the owners aren’t rehabbing the buildings, or legally renting them. “We think in some cases investors realized they can actually raise rents without providing higher-quality housing,” she said. Read the rest of the article linked below & read our analysis here: (https://bit.ly/3E1DwJB) https://bit.ly/4fTYpHk

Take some time to read Frank's note and the related article highlighting M&T Bank's impact in CT. More to do, but progress being made step by step.

It Takes Nearly 4 Years to Save for a Down Payment in Minneapolis #minneapolis #minneapolisjomes #minneapolishousing #minneapolisrealestate #minneapolisrealestateagent #minneapolisrealtor #minneapolisrentals #minneapolishomebuying #minneapolisloan #minneapoliscity

Our first quarterly meeting was an insightful and worthwhile morning at which the Business Development Managers took centre stage to share their strategies and visions. Here's a glimpse of the highlights: James Whitford - Principality Building Society - James was the first to present with Principality's positive outlook for the year. Their revamped policies open new doors, especially for NHS workers. The increased lending capacity and flexibility for holiday let income showcase Principality's commitment to a dynamic market. John White - Royal London - John brought an essential perspective on fulfilling consumer duty obligations. Royal London's focus on client protection contracts is innovative with an emphasis on simple, client-specific risk assessments that will pave the way for meaningful conversations on affordable family and mortgage protection. Mark Grogan - Keystone Property Finance - Mark wrapped up the session with Keystone's niche criteria, offering solutions beyond High Street policies. From flexible deals to accommodating none-standard property types, Keystone is committed to carving a path in the buy-to-let and HMO/multi-unit property market. Thanks to all the presenters for sharing valuable insights! Looking forward to a year of growth, innovation, and fruitful partnerships!  #VistaQuarterly #IndustryInsights #FutureOfFinance #bdm #mortgageadviser

Did you know that First Western's journey began in Booneville, Arkansas, in 1910? For over a century, our Booneville branches have been vital to local businesses and families, providing the support needed to turn small communities into thriving centers of growth. As we continue to expand our services to better serve Western and Northwestern Arkansas, we remain committed to the values that have guided us for over 100 years: exceptional service and a deep connection with our community.   Banking in person offers invaluable benefits. 👉 You can build a personal relationship with your banker. 👉 Receive tailored financial advice. 👉 Enjoy a higher level of trust and security.  👉 Decrease the chance of confusion.  Face-to-face interactions allow for immediate assistance and personalized solutions that digital platforms can't always provide. Plus, it's a chance to engage with your community and support local businesses. Come in and experience #TheFirstWesternWay Our Booneville branches are located at: 📍Main Branch: 80 W Main St, Booneville, AR 72927 📞 479.675.3000 📍East Branch: 1663 E Main St, Booneville, AR 72927 📞 479.675.2701 #arkansas #financialservice #customerfirst #bankingservice #communityimpact #legacy

To All the Young Professionals out there: Trust me, there is career longevity in mortgage compliance! While regulatory compliance and risk management requirements continue to significantly challenge financial institutions, you can be the shining light and specialize in the solutions! Check out this week's WISDOM WEDNESDAY video below to learn more.