Monticello Live

Commercial Bank & Trust is proud to announce a strategic initiative to unify sister bank, First State Bank of Warren, into the Commercial Bank operation effective June 24, 2024. Given the proximity of locations, unifying as one bank under the Commercial Bank charter will aid customer access and convenience. Customers will have access to a total of eight banking offices and nine ATMs in the southeast Arkansas communities of Monticello, Warren, Hermitage and Hampton.

Both Banks were purchased by Bennie Ryburn, Sr., more than 50-years ago, and have operated as separate and distinct banks since that time. Todd Smith, president of Commercial Bank and First State Bank of Warren was asked about the reason for the change and described it this way, ‘Joining the two banks together will remove back-office redundancies and allow us to offer greater convenience, and better products and services such as enhanced technology for customers. It will also allow our staff to spend more time with customers and less on administrative duties that act as a barrier to service. It’s a win-win for the communities we serve because no staffing, philanthropic-giving or community development will be reduced. We will eliminate the structural red tape of operating with two names.’ Read the rest of this entry »