JONESBORO -- When the Depression hit in the 1930's, many banks were forced to close. But one bank in Craighead County was able to survive the tough times, and is still open today. It's got a new name, but it's still going strong.
It's unusual to find a business in Region 8 that has been around for 100 years, especially a bank that survived the Depression?
Friday was the centennial celebration of the Nettleton branch of Regions Bank. Past owners and officials gathered to celebrate the history of the bank. The bank has gone through many names over the past 100 year but former owners say good management and customer service is what's kept it in business.
The bank was established in 1904 and was originally called the Bank of Nettleton. In 1968 Herbert McAdams purchased the bank and renamed it the Bank of Northeast Arkansas.
"I bought the bank on my wife's birthday on March 28, 1972," said Cherry. He would also sell the bank six years later--to the day. Sloan Rainwater would purchase the bank from Cherry.