March 6, 2017
When First Community Bank started Aug. 4, 1997, in Batesville, it had just 153 local investors and $3.5 million in capital.
Twenty years later, it has 341 local investors and more than $100 million in capital. It has also grown to be one of the 10 largest financial institutions based in Arkansas.
“Out of that $100 million in capital, capital injection by shareholders is approximately $30 million,” Dale Cole, chairman and CEO of First Community Bancshares Inc. said. “Since 1997 FCB has earned $70 million.”
Cole and Boris Dover, bank president and chief operating officer, spoke to residents and community leaders during the Mayor’s Community Meeting at Josie’s on Thursday.
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