Family-owned, community bank since 1904
On December 19, 1904, the state of Arkansas granted a charter which founded Pike County Bank in Murfreesboro. The capital stock totaled a whopping $25,000, which back in the day was quite a lot of money. That would come to around $692,172 in today’s dollars.
The bank built their first building on the lot west of the current Pike County Archives Building in Murfreesboro. By 1912, the bank built a brick building on its new site located at the northeast corner of the courthouse square. As Pike County Bank began to grow in the early 1950s, it expanded by adding a new branch office located in Mineral Springs. In July 1979, the bank built another building in a new location where it exists today, east of the Murfreesboro Post Office at 319 East Main.
The Bainum Family purchased Pike County Bank on March 21, 1986. In August 1996, Pike County Bank changed its name to Diamond State Bank and at the same time Bank of Glenwood became Arkansas Diamond Bank. The two sister banks merged in 2007 to form what is known today as Diamond Bank.
Dr. Tim Bainum has been our CEO and Chairman of the Board since late 2009. Diamond Bank continues to provide a stable source of financial leadership in all of the communities we serve. We take pride in being a family-owned, community focused bank that is able to provide the same services a larger bank can offer. The philosophy of Diamond Bank has been, and continues to be, one of maintaining mutually beneficial relationships with our customers and communities. Our goal is to provide a high level of sound and meaningful financial services to the people we serve, while obtaining a fair return for our stockholders.
We currently have two convenient locations in Hot Springs. Our Lake Hamilton branch, located at 1135 Airport Road, which opened in November 1997 and our Lakeside branch, located at 2360 Malvern Ave., which opened in January 2006.
Over the years Diamond Bank has added more locations, with three new full service branches opening just this past year in Ashdown, Texarkana and Russellville. Currently, there are 15 Diamond Bank locations across Central and Southwest Arkansas. To learn more about Diamond Bank and the services we offer, visit us online at http://www. diamond banking. com or check out our Facebook page, Diamond Bank USA.