Bank of Salem
- Bank Name:Bank of Salem
- Bank Class:State Chartered - FED Member Bank
- Member FDIC:Certificate #11243
- Routing Number:ACH & Wire - 082904302
- Locations:3 Branches in Arkansas
- Web Address:bksalem.net
Bank of Salem Information
Bank of Salem was founded in December 1908 and is based in Salem, Arkansas. The bank operates as a subsidiary of Smith Associated Banking Corporation. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Bank of Salem is classified as a commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB). Bank of Salem is a FDIC-insured bank with certificate number of 11243. The assigned Fed RSSD ID of Bank of Salem is 931047.
Bank of Salem currently operates with 3 branches located in Arkansas. Bank of Salem is the 75th largest bank in Arkansas. The bank does not have any offices outside Arkansas.
A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for Bank of Salem is 082904302. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.
The full address of bank headquarters is 207 Church Street, Salem, AR 72576. You can visit the official website of the bank at https://www.bksalem.net for more information and online banking service if available. For a comprehensive list of Bank of Salem branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.
Map Of Branch Locations
Bank Offices In Arkansas
History Of Bank of Salem
The Bank of Salem was established on December 9, 1908, under its original name. Over the years, the institution underwent several significant changes in its regulatory and operational structure. On April 24, 1990, the main office was relocated to 202 Church Street in Salem, Arkansas. In a strategic move to enhance its regulatory framework, the bank changed its primary federal regulatory agency to the Federal Reserve System and became a state-chartered bank on October 15, 2010. This transition marked its membership in the Federal Reserve System. The most recent development for the Bank of Salem occurred on August 31, 2024, when it acquired Security Bank located in Stephens, Arkansas.
Below is a list of some important events in bank's history, including mergers and acquisitions.
08-31-2024Acquired Security Bank in Stephens, AR.
10-15-2010Changed Primary Federal Regulatory Agency to FED.
10-15-2010Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).
10-15-2010Institution becomes member of the Federal Reserve System.
04-24-1990Main Office moved to 202 Church Street, Salem, AR 72576.
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