First National Bank of Green Forest in Arkansas has chosen a new name but kept it in the family, so to speak.
The $347 million-asset bank will rebrand itself as Anstaff Bank, a blend of the names of its two founding families, Anderson and Stafford. Both families are still involved in the management of the bank, which was established in 1931.
We wanted a name that reflected our long and rich history as a community bank in Arkansas, and also allowed us to look to the future and opportunities for growth," Steve Stafford, the bank's president and chief executive, said in a press release this week.
The bank expects its signage to be switched over by the end of the month.
First National took a cue from Talmer Bancorp. Talmer was established in 2007 as First Michigan Bank, and rebranded in 2011 by
Talmer, which has $5.4 billion in assets, expanded beyond its home state the following year, announcing in 2012 that it would