Sterling Bank Expands in Northwest Arkansas with Bentonville Branch
Sterling Bank, a wholly owned subsidiary of Sterling Bancshares, Inc., has made a significant move in the banking sector by opening its third location in Arkansas. The new full-service branch is situated at 1001 South Walton Boulevard in Bentonville.
A Local Banking Presence
The expansion is a testament to Sterling Bank’s commitment to serving the community. President and CEO Scott E. Spencer expressed his excitement about the new location, stating, “We are excited to be opening our third Arkansas location and continue providing traditional banking services. We believe Sterling provides the finest staff and products available, and our customers will appreciate the local banking decisions Sterling offers.” Spencer also highlighted the strong leadership developed by Johnathon Welch, Arkansas President, who has assembled a talented team of leaders.
Local Art and Community Space
The three-story, state-of-the-art branch boasts an upscale banking environment with top-notch customer service. Throughout the bank, customers will find a curated display of local art courtesy of Mixd Gallery. The new branch features a large community room that can be utilized for meetings and events by customers, community partners, and organizations. This feature underscores Sterling Bank’s dedication to fostering local connections and community engagement.
Leadership and Support
Phillip Roller will serve as Vice President and Bentonville’s Bank Manager, with Erica Goins overseeing branch operations as Assistant Vice President. The Sterling Community Board of Arkansas will support the new Bentonville location, along with the existing Fayetteville and Rogers locations. Members of the Community Board include Eric Arthur, Johnathon Welch, Dan Cheek, Alan Cole, Daniel Ellis, Cory Scott, Holland Weaver, Jordan Patterson, Jay Robbins, Phillip Roller, and Hillary Shipp.
Growth and Expansion
Sterling Bank operates 15 locations across three states: eight in Southeast Missouri, two in St. Louis, one in Kansas City, one in the Chicago suburb of St. Charles, Illinois, and three in Northwest Arkansas. The bank plans to open its 16th location in Little Rock, Arkansas, in February. As of September 30, 2024, Sterling Bank has assets of ,419,993,166 and gross loans of 4,251,249, with ,623,655,146 loans under management.
Construction Partners
The new branch was constructed with the help of various partners, including Dille Pollard Architecture for architectural services, Commerce Construction Company, Inc. for construction services, Emma Lambeth Designs for interior design services, Crafton Tull for engineering services, and Case Engineering, Inc. for engineering services.
Sterling Bank is known for offering a full array of retail and commercial products, including checking accounts, savings accounts, loan products, and market-rate deposit products. The bank specializes in lending for the affordable housing industry and continues to innovate in its financial services offerings.
Visit Sterling Bank’s website at www.sterbank.bank to learn more about their services and commitment to the community. Member FDIC and an Equal Housing Lender.