Rodney O. Parks of Little Rock Arkansas was elected Chairman of the Arkansas State Banking Board on January 18, 2012.Â The Arkansas State Banking Board, in accordance with policy accurately and fairly consider all applications and proposed regulations presented in a proper and timely manner and to ensure the continuance of safe and sound financial practices in the state chartered banking industry of Arkansas.Â The Arkansas State Bank Department and the State Banking Board have responsibility for the issuance of new charters, authorization of branches, and other applications relating to ownership and structure of banks and bank holding companies.Â In order to discharge their statutory responsibilities, the State Banking Board, Bank Commissioner and bank examiners periodically conduct investigations, hold hearings and perform allocations necessary to discharge these responsibilities.Â These banks and other entities hold assets of over $33 billion.Â
Mr. Parks worked in the banking industry for 20 years before becoming the Director of Development for Philander Smith College and Managing Principal of the Parks Professional Group, a public speaking|management consulting firm.Â
Mr. Parks was appointed by Arkansas Governor Mike Beebe in 2009 to serve a five year team ending in 2013.Â Prior to service on the State Banking Board, Mr. Parks was appointed in 2004 by then Arkansas Governor Mike Huckabee to the Arkansas District Judges Retirement System as a Trustee.Â Mr. Parks is a 1991 graduate of Arkansas Tech University and was its Alumni Association President in 2004.Â Mr. Parks is a 2007 40 Under 40 honoree by Arkansas Business and a 2007 graduate of Leadership Arkansas, sponsored by the Arkansas State Chamber of Commerce.Â
Mr. Parks was an Assistant Vice President of commercial banking at First Business Bank of Kansas City (now Marshall & IlseyÂ Bank).Â He was also a commercialÂ loan officer at UMB Bank and a loan review officer at UMB Financial Corp.(UMBF).Â He was a charter member of the Urban Financial Bankers of Kansas City (now Urban Financial Services Coalition of Kansas City).