Robert T. Smith Joins Farmers Bank & Trust as Board Member
Company - People | Jun 03, 2025 | EIN
Farmers Bank & Trust has announced the appointment of Robert T. Smith to its Board of Directors. Smith is recognized for his extensive legal experience in banking and corporate finance matters. As a partner at the Little Rock, Arkansas-based law firm Friday, Eldredge & Clark, LLP, he leads the Finance and Commercial Transactions Practice Group and has played a significant role in regulatory compliance, mergers and acquisitions, and capital raising activities. With his new role commencing in June 2025, Smith's involvement is anticipated to be pivotal as Farmers Bank & Trust continues to navigate the complexities of the regulatory landscape while pursuing growth and enhanced governance. Established in 1906, Farmers Bank & Trust operates across Arkansas, Texas, and Oklahoma, managing assets amounting to approximately $3 billion.
Sectors
- Banking and Financial Services
- Legal Services
Geography
- United States – The activities discussed in the article are primarily based in the United States, with Farmers Bank & Trust headquartered in Magnolia, Arkansas, and Robert T. Smith's law practice based in Little Rock, Arkansas.
- Arkansas – Both Farmers Bank & Trust and Robert T. Smith's law firm, Friday, Eldredge & Clark, LLP, are located in Arkansas, making it a central geographic focus of the article.
Industry
- Banking and Financial Services – The article discusses Farmers Bank & Trust, a financial institution providing a range of banking services. The sector is relevant due to the bank's operations and Robert T. Smith's expertise in banking and finance.
- Legal Services – Robert T. Smith's professional background is rooted in legal expertise, and he is associated with Friday, Eldredge & Clark, LLP, a renowned law firm specializing in finance and commercial transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Farmers Bank & Trust | Board of Directors | Company | A community bank with operations in Arkansas, Texas, and Oklahoma, managing assets of approximately $3 billion. |
| Robert T. Smith | New Board Member | Person | A partner at Friday, Eldredge & Clark, LLP, with extensive experience in legal and financial sectors, newly appointed to the Farmers Bank & Trust Board. |
| Friday, Eldredge & Clark, LLP | Robert T. Smith's Employer | Company | A law firm in Little Rock, Arkansas, specializing in finance and commercial transactions. |
| Magnolia Banking Corporation | Holding Company | Company | The privately held holding company owning Farmers Bank & Trust, headquartered in Magnolia, Arkansas. |