First Service Bank, a family-owned and operated bank, has named Andy Grumbles as its chief financial officer. Tom Grumbles, Andy’s father, is the president and chief executive officer of the Greenbrier-based bank, and Andy’s sister, Robin Hackett, is chief mortgage officer and chief operating officer.
First Service Bank, headquartered in Greenbrier in Faulkner County, has been in operation for more than 50 years and has locations in Clinton, Conway, Dermott, Flippin, Greenbrier, Little Rock, Mountain View, Shirley and Yellville.
As the Chief Financial Officer, Andy will be responsible for overseeing the bank’s financial reporting and planning. He will work closely with Tom and participate in the bank’s overall strategy.
“The bank has a strong accounting and compliance team already in place,” Andy said in an official statement. “My goal is to help identify ways to drive efficiency in how we close the books and report to our key stakeholders as well as leverage data analytics to proactively identify future business opportunities for the bank.”
Andy has worked over the past 25 years in operational, financial and auditing roles for Walmart Corporate, Windstream Communications, Ernst & Young, and Arthur Andersen. His experiences range from ensuring proper reporting and presentation of financial statements to identifying opportunities to strengthen operational, financial and compliance internal controls. He also has expertise in developing and maintaining collaborative working relationships at all organizational levels.
“The older I get, the more I appreciate and realize the importance of family,” Andy said in a press release announcing his appointment. “Having the opportunity at this point in my life to work alongside both my dad and my sister, is priceless. I have always been proud and supportive of them, and now I am honored to be able to work alongside both.”
First Service President and CEO Tom Grumbles considers it “an honor” to have Andy join the First Service Bank team.
“Even though he has been a part of it all his life, Andy and all the experience he brings to the table will benefit our team. We are excited for him to share his knowledge,” said Tom.
Andy is a Dermott High School alum and earned a bachelor ‘s degree in business and economics with an emphasis in accounting from Hendrix College in Conway in 1997. While in college, he played NCAA Division III baseball for four years and was named to the Southern Collegiate Athletic Conference (SCAC) all-conference team twice.
After graduation, Andy worked in public accounting for nine years, starting with Arthur Andersen in Little Rock. He has worked for Ernst & Young as lead auditor for Riceland Foods, and later for Jones & Company Ltd. in Jonesboro. In 2006, Andy joined Windstream Communications in Little Rock, where he worked for nearly 14 years.
For the past two years, Andy has worked for Walmart in the global audit department, serving as the senior director for the U.S. Operations team responsible for the planning, execution and reporting of audit projects in store and club operations, merchandising, supply chain and customer experience.
An Eagle Scout, Andy has been involved in his local community as a volunteer coach for youth baseball. He has also volunteered with Junior Achievement and Habitat for Humanity. Andy is a past recipient of a Rotary Club Paul Harris Fellow award for his volunteer activities. He and his wife, Charlotte, have been married for 23 years and live in Maumelle. They have four children: Drew (17), Hunter (16), and Ben and Tucker (11-year-old twins).
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