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Welcome to the family.

We are excited to welcome River Town team members and customers to the Chambers family. This acquisition merges two strong companies with rich histories and exceptional personnel, and we know that the customers of both banks will benefit.

John E.Chambers, III 
Chairman of Chambers Bancshares

 


More about the acquisition

On July 11, 2019, Chambers Bancshares, Inc. – the holding company of Chambers Bank – completed its acquisition of Bank of Dardanelle Bankshares, Inc. and its subsidiary River Town Bank. The completion of the acquisition follows full regulatory approval and consent of the shareholders of Bank of Dardanelle Bankshares, Inc.

Both banks were founded in the 1930s in Yell County and have shared values of exceptional customer service, community support and – most importantly – trust. River Town Bank customers can be assured that we will continue to offer the hometown service and hometown values to which they’ve grown accustomed, but with even more locations and financial products.

River Town Bank will continue to operate as a separate bank until late 2019, when its banking systems will be converted, and its branches rebranded as Chambers Bank. In the meantime, customers of both banks should continue to use their respective bank branches and online banking options.

While not all details have been finalized regarding the planned conversion of River Town Bank to Chambers Bank, we will continually update this page with the most up-to-date information available regarding the merger. 

 

FAQs for River Town Bank customers

Why did you sell to Chambers Bancshares?
The Directors of both organizations determined that this would be a mutually beneficial opportunity, providing growth for Chambers Bank and expanded financial services and banking locations for both RTB and Chambers customers after the conversion is completed. Both community banks were founded in the 1930s in Yell County and have shared values of exceptional customer service, community support and – most importantly – trust. River Town Bank customers can be assured that Chambers Bank will offer the same hometown service and hometown values to which they’ve grown accustomed. 

When will the transaction be finalized?
River Town Bank became a subsidiary of Chambers Bancshares, Inc. on July 11, but will continue to operate as a separate bank until the banking systems can be converted (expected around November 1). Until that time, customers of both banks should continue to conduct business at their current bank locations.

What changes should I expect immediately?
For now, RTB customers should continue to use their RTB checks, debit cards, and online banking services. It is "business as usual." Customers of both banks should continue to conduct business at their current bank locations.

Is my money still safe at River Town Bank?
Both banks are FDIC insured and the $250,000 FDIC limits apply. If you are concerned about exceeding the FDIC insurance limit, we encourage you to visit your local branch to discuss additional ways in which we can insure your funds. 

Both RTB and Chambers customers will receive information prior to the conversion about merging accounts and how that might affect your insurance limits.

Is the name of River Town Bank changing?
Yes, but not immediately. River Town Bank will continue to operate separately and under its current brand until the banking systems are converted and the banks merge in November. Once the conversion is complete, River Town Bank locations will rebrand as Chambers Bank branches.

Are you going to close any River Town Bank branches?
There are no immediate plans to close branches of either bank. 

Why is this change good for River Town Bank customers?
Chambers Bank is a financially stable family-owned business with nearly 90 years’ experience in community banking. We offer expanded products and services, and customers will have access to branches in many additional locations.

Will I need new checks or a debit card?
Until the conversion date in November 2019, River Town Bank customers should expect “business as usual” using checks, debit cards, online banking, etc. Before the conversion date, customers will receive a booklet of information that will include details about what will stay the same and what will change. Any updates needed to your checks or debit cards as a result of the acquisition will be made at no cost to you. 

What if I have specific questions about my account? Can I still get those answered?
Please continue to contact your local River Town Bank representative for specific questions about your account(s). Chambers Bank employees will not have access to your account information prior to the final conversion in November 2019.

 

FAQs for Chambers Bank customers

Why did you buy River Town Bank?
Chambers Bank is a vibrant, growing financial institution. While we’re always looking for opportunities to expand our footprint in Arkansas and serve more communities, we will only do so if we can continue to provide exceptional customer service and product offerings to our customers.

What changes should I expect immediately? Long term?
Customers should expect “business as usual” from both institutions during the regulatory approval process. Customers who have accounts at one bank cannot conduct transactions at the other bank until the official conversion of systems and accounts (likely in November).  

What if I have money at both banks? Is it still insured?
Both banks are FDIC insured and the $250,000 FDIC limits apply. If you are concerned about exceeding the FDIC insurance limit, we encourage you to visit your local branch so to discuss additional ways in which we can insure your funds.  

Both RTB and Chambers customers will receive information prior to the conversion about merging accounts and how that might affect your insurance limits.

 

Other questions? Contact us through our online contact form or call our Customer Care Center at 1-800-603-1226.

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