Question 1

What is Bank of Cave City?

Accepted Answer

Bank of Cave City is a community-focused commercial bank serving rural and small-town communities in northern Arkansas. Founded in 1906, the bank operates as a state-chartered bank and member of the Federal Reserve System, supervised by the Federal Reserve Board. With approximately $192 million in assets and five full-service branch locations, Bank of Cave City specializes in traditional community banking services for individuals, businesses, and agricultural clients in Sharp and surrounding counties.

The bank operates as a subsidiary of Sharp Bancshares, Inc. and maintains its commitment to personalized banking relationships while offering modern digital banking capabilities.

Question 2

When was Bank of Cave City founded?

Accepted Answer

Bank of Cave City was established on July 1, 1906, making it one of the oldest continuously operating financial institutions in northern Arkansas. The bank was organized by James Andrew Laman, who served as its first president, during a period of significant growth for the town of Cave City.

The Laman brothers, who founded the town of Cave City around 1890, established the bank to serve the growing community's financial needs. In 1919, J.M. "Roe" Street became president and initiated what would become a long-term family involvement with the institution. The Street family has maintained a controlling interest in the bank since 1919, providing continuity of leadership through multiple generations.

The bank has undergone several regulatory changes throughout its history. On May 22, 2012, it changed its primary federal regulatory agency to the Federal Reserve and officially became a state-chartered member of the Federal Reserve System. In 1990, the bank transitioned to limited trust powers, which it maintains today.

Question 3

Where is Bank of Cave City headquartered?

Accepted Answer

Bank of Cave City is headquartered in Cave City, Arkansas, located in Sharp County. The main office is situated at 137 South Main Street, Cave City, AR 72521. The bank relocated to this address on March 31, 2006, and it remains the institution's primary administrative and operational center.

Cave City is a small town in northern Arkansas, part of the Batesville micropolitan statistical area, serving as a hub for the surrounding rural agricultural communities.

Question 4

Where does Bank of Cave City operate?

Accepted Answer

Bank of Cave City operates exclusively within northern Arkansas through five full-service branch locations. The bank's footprint covers Sharp County and extends into surrounding communities in Independence County and surrounding areas.

The five branch locations include the main office in Cave City, plus branches in Batesville (at 1141 East Main Street), Strawberry, Evening Shade, and Lynn. All locations offer drive-through services, and most maintain traditional lobby hours Monday through Friday, with some Saturday drive-through availability at the main Cave City branch.

The bank serves the Batesville micropolitan area and surrounding rural communities, focusing on small towns and agricultural regions in northern Arkansas. All five locations are full-service brick-and-mortar offices offering complete banking services.

Question 5

What services does Bank of Cave City offer?

Accepted Answer

Bank of Cave City provides a comprehensive range of traditional community banking services tailored to individual consumers, small businesses, and agricultural clients.

Personal Banking Services include checking accounts, savings accounts, Christmas club accounts, money market accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). The bank issues MasterCard debit cards with access to the Pulse/Passport ATM network for all checking account holders.

Lending Services encompass personal loans, consumer loans, home mortgages, business loans, commercial loans, farm loans, land improvement loans, and various lines of credit. The bank provides resources for home purchases, refinancing, and construction financing, serving as an Equal Housing Lender.

Digital Banking Services include a robust mobile banking app (available on iOS and Android), internet banking with bill pay functionality, mobile check deposit, iTalk phone banking (toll-free at 1-833-570-8644), and account management tools. The mobile app features balance viewing, transaction history, fund transfers, loan payments, bill pay, mobile deposits via camera, statement access, branch/ATM locators, and security features including 4-digit passcodes, Face ID, and fingerprint authentication.

Additional Services include safe deposit boxes at all locations, wire transfers, cashier's checks, notary services, night depository, and bank-by-mail options. The bank also offers limited trust services.

Question 6

What makes Bank of Cave City unique?

Accepted Answer

Bank of Cave City distinguishes itself through exceptional longevity and continuity of local ownership. With over 118 years of continuous operation in the same community, the bank represents one of Arkansas's oldest locally-controlled financial institutions. The Street family's controlling interest since 1919 has provided remarkable stability and long-term commitment to the community.

The bank maintains an impressive customer satisfaction rating, with its mobile app earning 4.9 out of 5 stars from 257 ratings on the Apple App Store. Customer reviews consistently highlight the bank's personalized service, with staff members frequently acknowledging customers by name and providing assistance without being asked.

As a true community bank with deep agricultural roots, Bank of Cave City specializes in serving rural communities and farm operations. The bank's origins are intertwined with the founding of Cave City itself, with the town literally being built around the bank's original location. The institution's name derives from a historic cave in the town center that served as community refrigeration before modern cooling systems.

The bank demonstrates strong financial performance with a return on assets (ROA) of 1.15% and return on equity (ROE) of 21.43%, indicating efficient operations and profitability well above industry averages for community banks of similar size.

Question 7

What type of financial institution is Bank of Cave City?

Accepted Answer

Bank of Cave City is a State-Chartered Commercial Bank and member of the Federal Reserve System. This classification means the bank operates under a state charter from Arkansas but has elected to join the Federal Reserve System, subjecting itself to Federal Reserve Board supervision in addition to state banking regulators.

As a commercial bank, the institution accepts deposits and makes loans to both consumers and businesses, distinguishing it from specialized lenders or non-depository institutions. The bank's state charter with Federal Reserve membership (rather than national bank status) reflects its community banking focus while maintaining access to Federal Reserve services and the federal payments system.

Bank of Cave City is a member of the Federal Deposit Insurance Corporation (FDIC) with Certificate Number 105, providing deposit insurance up to applicable limits. The bank's FDIC membership dates to the FDIC's establishment, making it one of the earliest institutions to receive federal deposit insurance protection.

Question 8

What is Bank of Cave City's routing number?

Accepted Answer

Bank of Cave City's routing number is 082903109. This nine-digit code is used for all ACH transfers, wire transactions, direct deposits, bill payments, and other electronic monetary transfers. The routing number uniquely identifies the bank within the Federal Reserve System and is required for setting up direct deposits, automatic payments, and receiving electronic transfers into accounts at Bank of Cave City.

Question 9

How does Bank of Cave City support the local community?

Accepted Answer

Bank of Cave City maintains strong ties to its local communities through participation in community welfare programs and support for nonprofit organizations. The bank's commitment to community development extends beyond traditional banking services, reflecting its founding mission to support the economic growth of rural northern Arkansas.

The institution provides specialized lending programs for agricultural operations and small businesses, recognizing the unique financial needs of rural communities. With over a century of presence in Cave City and surrounding areas, the bank has financed multiple generations of local families and businesses, contributing to the region's economic stability and growth.

The bank's emphasis on in-person service, with staff who know customers by name, reflects a community banking model that prioritizes relationships over transaction volume. This approach has earned the bank exceptional customer loyalty and recognition for outstanding service quality in a region where personal relationships remain central to business culture.

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About Bank of Cave City in the United States