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Built in 1881 in Ash Flat, Arkansas, this is the last remaining all wood frame bank building in Arkansas. It was in business until 1935, when the state banking department required all banks to move out of wood frame buildings and into less flammable structures. The bank was usually the finest building in town to assure the residents that the bank was a sound institution.
The bank was capitalized with $5,000. Deposits were insured against fire or theft, but not embezzlement or bankruptcy. The bank specialized in small loans. There was usually only one person running the bank, and he took the money home with him for lunch!
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