Main Content
Select the search type
  • Site
  • Web
Search

Bank of Salem $4,000 Scholarship applications are now available. Area seniors from Salem, Viola, ICC, Mammoth Spring, and Thayer are eligible to apply. Deadline to submit your application is April 12th. Click here: 2024 Scholarship

company image

Skip Text

About Us


Bank of Salem was organized and incorporated in December 1908 with stockholders: B.H. Castleberry, Rex Castleberry, J.L. Short, Harry Pickren, George T. Humphries, H.J. (Race) Humphries, C.W. Dixon, J.A. Sigler, and J.A. Watson.

Since 1908, the following people have served as president of the bank: B.H. Castleberry (1908-1919), George T. Humphries (1920-1921), G.T. Cunningham (1922-1924), H.A. Northcutt (1924-1927), Rex Castleberry (1927-1957), Jim Humphries (1957-1982), Frank B. Burge (1982-1992), James Burns (1992-1993), and Mark H. Montgomery (1994 to 2020). Guy “Buck” Smith serves as the current President and Mike Falco serves as the current Chief Executive Officer.

Smith Associated Banking Corporation (SABCO) of Hot Springs, purchased the bank in 1982. The present Board of Directors include Mark Montgomery (Chairman), Dwayne Plumlee (Secretary), Mike Falco, Guy “Buck” Smith, Jim Short, John Ed Welch, and Karrol Fowlkes.

In 1908 Bank of Salem was located on the north side of the Court Square in the embossed tin front building which later became Short’s Hardware and then Aid True Value. In 1919, Bank of Salem moved to a new native stone structure on the Northeast corner of the Square where Welch, Couch, and Company is presently located. In 1965, Bank of Salem moved to its present location, just off the Court Square on Church Street. In 1982, the bank opened its first branch facility at Viola and in 2004 opened a branch in Mammoth Spring.

Bank of Salem also owns an independent insurance agency, Sabco Insurance Agency. Sabco Insurance is located next door to the bank on Pickren Street. Sabco Insurance President, Terry Harris, is located inside the lobby at the Bank of Salem. Sabco Insurance employees four full-time licensed insurance agents.

 

DOWNLOAD OUR APP
Our app is fast, secure, and free. Use your current
login information to start banking on your mobile device

apple app store  google play store

You are leaving Bank of Salem's web site.

The web site you have selected is an external one located on another server. Bank of Salem has no responsibility for any external Web site. It neither endorses the information, content, presentation, or accuracy nor makes any warranty, express or implied, regarding any external site.

Thank you for visiting Bank of Salem's Web site.

Continue
×

Unsecure Email Disclosure

Your privacy is very important to us. We would like to advise you that Internet email is not a secure method of communication. Please do not submit any information that you consider confidential. We recommend you do not include any specific identifying information such as your social security, account, PIN numbers, date of birth, etc...

Continue
×

Affiliate Website Notice

By clicking Continue, you will be taken to our affiliate's website. Products and services offered shown will be provided by our affiliated entity. Some products offered may not be FDIC insured. Please read the privacy and security policies on our affiliate's website. In some instances, these policies may differ from those of Bank of Salem.

Continue
×