Four Arkansas banks have been named among the world’s best by Forbes magazine.
The publication released its second-annual list of the World’s Best Banks on June 8. In total, 23 countries were represented on the list with 450 banks making the cut.
The Arkansas banks featured on the list include Arvest Bank, headquartered in Lowell; Bank OZK, headquartered in Little Rock; Centennial Bank, headquartered in Conway; and Simmons Bank, headquartered in Pine Bluff.
“We are honored to be recognized again by Forbes, especially since the information that determines these results comes directly from our customers,” Jim Cargill, president and CEO of Arvest Bank in Central, Northeast and Southwest Arkansas, said in a statement. “Our associates are dedicated to providing financial solutions that meet our customers’ specific needs, paired with exceptional customer service. They have worked to continue to meet those needs during the challenges of the last few months, so I commend them for their work.”
Arvest Bank was the top rated Arkansas bank in the United States, with a ranking of no. 7 among the country’s banks. USAA, headquartered in San Antonio, Texas, captured the top spot.
Bank OZK had the second-highest ranking for an Arkansas bank, coming in at no. 16. Simmons Bank was ranked no. 19, and Centennial Bank was ranked no. 22.
Several banks with presences in Arkansas or in neighboring states also made the list. BancorpSouth, based in Tupelo, Miss., was ranked at no. 64., while another Tupelo, Miss-headquarted Bank – Renasant Bank – got the no. 3 spot. (Renasant does not have an Arkansas presence, however.) Trustmark, a Jackson, Miss.-based bank, made the list at no. 13.
Multiple Oklahoma banks made Forbes’ cut. BancFirst and MidFirst Bank, both based in Oklahoma City, and Bank of Oklahoma, based in Tulsa, made the list.
One Tennessee bank – the Bank of Tennessee, which is based in Memphis – was named to the list.
The United States had the largest number of banks on the list with 75 banks followed by Japan, which had 50 banks listed. Germany had the third-highest number of banks on the list with 40, and Italy and Mexico both had 30 banks.
According to Forbes, the rankings were based on “general satisfaction and key attributes like trust, fees, digital services and financial advice.” Forbes partnered with market research firm Statista to conduct surveys and more than 40,000 surveys were conducted with banking customers from around the world.