Question 1

What is Jonesboro State Bank?

Accepted Answer

Jonesboro State Bank is a community-focused commercial bank serving Jackson Parish and surrounding areas in northern Louisiana. With approximately $895 million in total assets as of December 2024, the bank operates as a state-chartered, FDIC-insured institution that emphasizes personalized service and local decision-making.

The bank specializes in providing comprehensive financial services to individuals and businesses throughout its service area. As a subsidiary of Jonesboro Bancshares, Inc., Jonesboro State Bank maintains its commitment to hometown banking while offering modern digital services to meet evolving customer needs.

Question 2

When was Jonesboro State Bank founded?

Accepted Answer

Jonesboro State Bank was originally established as The Jonesboro State Bank on January 1, 1913, making it over 110 years old. The bank was founded during a period of growth in Jonesboro, with initial resources of $24,000 and deposits in its first year matching that amount.

The institution's first president was O.E. Hodge, a prominent lumberman from Ruston who was the senior partner of Hodge, Hunt Company, which owned over 50,000 acres of timber across four parishes. Paul F. Stinson served as the first cashier. The bank officially changed its name to Jonesboro State Bank on April 14, 1959, simplifying its identity while maintaining its community focus.

Question 3

Where is Jonesboro State Bank headquartered?

Accepted Answer

Jonesboro State Bank is headquartered at 109 Jimmy Davis Boulevard, Jonesboro, Louisiana 71251. The bank relocated to this address on October 17, 2018, marking its most recent office move.

Previous locations include 109 Main Street, where the main office was situated from November 29, 1976, until the 2018 relocation. These strategic moves have allowed the bank to better serve its growing customer base in Jackson Parish.

Question 4

Where does Jonesboro State Bank operate?

Accepted Answer

Jonesboro State Bank primarily operates in Jackson Parish, Louisiana, with a focused presence in Jonesboro and surrounding communities. The bank maintains two offices serving domestic customers exclusively within Louisiana.

While the bank's physical presence is concentrated in Jackson Parish, its service area extends to neighboring Bienville, Winn, and Lincoln Parishes, where it supports nonprofit organizations, schools, public agencies, and churches through its community grant programs. The bank's commitment to serving northern Louisiana's rural and small-town communities has been consistent throughout its history.

Question 5

What services does Jonesboro State Bank offer?

Accepted Answer

Jonesboro State Bank provides a full range of retail and commercial banking services tailored to individual and business customers. Personal banking services include checking and savings accounts, certificates of deposit, and consumer lending products focused heavily on individual loans.

On the commercial side, the bank offers business checking accounts, commercial lending, and agricultural financing to support the region's farming and timber industries. The bank's loan portfolio demonstrates significant emphasis on loans to individuals, with over $111 million in consumer lending as of late 2024.

Digital banking services are accessible through the bank's mobile banking app and online banking platform. Features include mobile check deposit, account transfers, bill payment, account monitoring, location finder using GPS, and biometric authentication using fingerprint or facial recognition. The bank's digital platforms allow customers to manage their finances conveniently while maintaining the personal touch of a community bank.

Question 6

What makes Jonesboro State Bank unique?

Accepted Answer

Multigenerational family management stands as one of Jonesboro State Bank's most distinctive characteristics. The bank has enjoyed over 70 years of management continuity, now in its fourth generation, enabling it to serve multiple generations of customers with institutional knowledge and relationship-based banking.

The bank demonstrates exceptional community investment through its Pledge 10 grant program, which awards funding to nonprofit organizations, schools, public agencies, and churches in Jackson, Bienville, Winn, and Lincoln Parishes for projects benefiting the broader community. This commitment extends to sponsoring events like the Spring Into Health Community Health Fair and Block Party in downtown Jonesboro.

With a return on equity (ROE) of 11.08% and strong financial performance, Jonesboro State Bank maintains stability while prioritizing competitive pricing and personalized service. The bank's philosophy centers on being "mindful of each customer's individual needs and goals," a pledge reinforced by its relatively small size and deep community roots.

Question 7

What type of financial institution is Jonesboro State Bank?

Accepted Answer

Jonesboro State Bank is a State Chartered Commercial Bank supervised by the Federal Deposit Insurance Corporation (FDIC). As a state-chartered institution, it operates under Louisiana banking regulations and maintains FDIC insurance (Certificate #9325) to protect depositor funds up to applicable limits.

The bank is not a member of the Federal Reserve System, classifying it as a "Fed nonmember bank." This structure allows the institution to maintain its community bank character while meeting all regulatory requirements for safety and soundness. The bank operates with a specialization designation of "Other Specialized Under 1 Billion," reflecting its focused approach to serving its local market with approximately $850 million in deposits and a lean operation of around 20 employees.

Question 8

How does Jonesboro State Bank support Jackson Parish?

Accepted Answer

Beyond traditional banking services, Jonesboro State Bank actively invests in Jackson Parish's economic and social development. The bank's stated mission emphasizes creating opportunities for customers and area citizens through strategic community investments.

Through its Pledge 10 grant program, the bank accepts proposals twice annually from regional nonprofits, schools, public agencies, and churches for community-benefiting projects. Over the years, dozens of grants have been awarded to support initiatives that improve quality of life across Jackson Parish and neighboring areas.

The bank also partners with organizations like Pine Belt Multi-Purpose CCA, Louisiana Healthcare Connections, and the Louisiana Department of Health to sponsor community events focusing on mental, physical, emotional, and financial well-being. This hands-on approach to community banking reflects the institution's founding principle of supporting the well-being of area citizens.

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