Our Mission Statement: The mission of First State Bank is to improve the quality of life in our community by being an independent, locally owned, profitable customer-oriented community bank dedicated to providing a variety of financial services. We pledge to continue to include honesty and integrity, professionalism, knowledge, dedication, and the ability to communicate in our banking practices.
Crossett’s First State Bank opened its doors on January 4, 1964 in the building located at 123 Main Street. This newly-formed bank was intended to offer local residents an alternative for their banking services. The organization began with an executive officer, five employees, and approximately 170 stockholders, reflecting broad community support for the new venture. The bank’s first president was T. Clifton Trigg, who was supported by the first board of directors, composed of Ovid T. Switzer, Victor Scott, Earl Baker, Wagner Adams, Jimmy Smith, and Willis Johnson.
First State Bank enjoyed steady growth and success, and by the late 1990’s had outgrown its original building. The bank moved into its current head office at 200 Pine Street in May, 2001. Additionally, the bank had expanded into a drive-in facility in North Crossett, as well as an in-store branch inside the Brookshire’s supermarket, increasing the levels of convenience and accessibility for its customers.
In 1972, Richard E. Griffin acquired controlling interest in First State Bank, and has served as Chairman of the Board since that time. Although now a resident and practicing attorney in Houston Texas, Mr. Griffin maintains an active interest and presence in the bank. He is joined on the current board of directors by Buddy Stephens, Patricia Draper, Barney White, Toyce Newton, and President/CEO Howard M. Beaty, Jr.
First State Bank subscribes to the fundamental principles of hometown community banking. Customers come first, decisions are made at the local level, and bank officers and employees take an active role in civic and community activities. The bank strives to provide its customers with the financial products and services they expect, and to do so in ways that are at the same time prudent and competitive.
At First State Bank, the future is bright. Many loyal employees give customers a sense of stability and peace of mind. The board of directors and senior management are focused on operating the bank for the long term, meaning that products and services must be modern, competitive, and reasonably priced; opportunities for growth must be identified and pursued, and; the future success of the First State Bank is closely tied to the well-being of the local economy, so it is incumbent on the bank to do all it can to contribute to the growth and success of Crossett and Ashley County.