Sebastian County, Arkansas, a core county of the Fort Smith, AR-OK market, holds $4.1B in deposits across 16 insured institutions and 54 branches. The First National Bank of Fort Smith is the largest deposit holder at 29.4% share. The top three banks hold 67% of deposits, which places the county in the Concentrated band. Deposits have grown 17.8% since 2020 while the branch count fell by 12.9%. It produces $7.4B of output, ranking #449 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 62 in 2020 to 54 in 2025. Institutions: 15 to 16. Top-three share: 68% to 67%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| The First National Bank of Fort Smith | $1.2B | 29.4% | +10% |
| Arvest Bank | $945M | 23.1% | +27% |
| Cadence Bank | $605M | 14.8% | +19% |
| Farmers Bank | $236M | 5.8% | +23% |
| Bank OZK | $200M | 4.9% | +73% |
| Regions Bank | $181M | 4.4% | -13% |
| First Security Bank | $160M | 3.9% | +268% |
| Armstrong Bank | $142M | 3.5% | -2% |
| Simmons Bank | $116M | 2.8% | -12% |
| Chambers Bank | $76M | 1.9% | -6% |
| First Western Bank | $60M | 1.5% | +29% |
| Firstar Bank | $57M | 1.4% | +44% |
| Centennial Bank | $51M | 1.3% | -33% |
| Today's Bank | $33M | 0.8% | +18% |
| Grand Savings Bank | $18M | 0.4% | +44% |
| First National Bank Texas | $2M | 0.1% | no 2020 presence |
The 16 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Fort Smith market
Sebastian County is one of 3 counties that make up the Fort Smith, AR-OK market, a Metropolitan Statistical Area (ranked #195 of 293 U.S. markets by economic output). It produces 74.8% of the market’s output and holds 68.2% of its deposits.
| Measure | Sebastian County | Share of parent market |
|---|---|---|
| 2024 GDP | $7.4B | 74.8% |
| Deposits | $4.1B | 68.2% |
| Population | 130,641 | 55.8% |
View the full Fort Smith market profile →
Recruiting in Sebastian County
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Sebastian County.
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