In a move to prepare better for future growth, the Board of Directors of First National Bank of Sharp County has announced the promotion of Marty Sellars to president and chief operations officer effective April 1.
Martin Carpenter, president, chief executive officer and chairman of the board of the bank since 1986, will remain as CEO and chairman.
Sellars has been senior vice president and branch administrator since 1997 where he is responsible for retail banking and supervising operations of six branch offices. He also serves on the bank's executive committee, asset liability management committee and loan discount committee. He began his banking career in 1980 and has been employed by First National Bank since 1983. He began his employment in the loan department and became assistant vice president and loan officer in 1984, then became vice president in 1986. In 1990, he opened the Hardy office and served as branch manager until 1997.
A native of Violet Hill and a graduate of Violet Hill High School, Sellars also graduated from the Southwestern Graduate School of Banking from Southern Methodist University in Dallas and several Arkansas Banking Association programs.
He is active in the community by serving 15 years as a member of the Network of Community Options Board of Directors, and is also a past president of the Spring River Area Chamber of Commerce and a board member for six years. He and his family are members of the Highland First Assembly of God Church. For recreation, he enjoys golf, hunting, fishing and farming.
Sellars is married to the former Carol Owens, also an Izard County native and an academic advisor at Ozarka College, and they have two children -- Trevor, 12, and Chloe Beth, 7; both attend Highland schools.
Carpenter, who has been with the bank for 30 years, said it is time to focus more for the future.
"Our bank has experienced tremendous growth the last few years; and with the ever changing banking environment and as the market leader, we want to be better prepared for the opportunities and challenges that lie before us," said Carpenter. "With Marty taking over the day-to-day operations of the bank, this will allow me more time to focus more intently on the future. Our market area has been great to us, and we owe it to our communities and customers we serve to continue to do the things that have served them well."
"Certainly I'm honored and excited about my new duties," said Sellars. "I have spent practically my entire professional life with First National Bank, and I'm very optimistic about our bank's future. We have assembled a great team at our bank, and I know we still have many opportunities before us. I thank Martin and the rest of the board for their confidence in me."
First National Bank celebrated its 90th anniversary last year and has $240 million in assets with six locations: main bank at Ash Flat, other offices at the Ash Flat Wal-Mart Supercenter, Cherokee Village, Hardy, Salem and Melbourne.