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Jacksonville Passes Ordinance Allowing Bankers on City Boards

In late July, the Arkansas Leader of Jacksonville provided a reminder for Arkansas cities and bankers. Arkansas law requires a municipal governing body to pass an ordinance to allow for bank executives to serve on city boards and commissions if an executive’s bank provides banking services to the city. The issue came up because the Leader found that three executives at First Arkansas Bank & Trust of Jacksonville were serving on boards and commis…
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Arkansas Business broke the news in on Monday, September 8, 2025.
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