First Federal Bancshares of Arkansas, Inc., through its principal subsidiary, First Federal Bank of Arkansas, FA (bank), offers banking and financial services to individuals and small to medium-sized businesses in northcentral and northwest Arkansas. The bank's deposit products include noninterest bearing and interest bearing checking, savings, and money market accounts; certificates of deposit; and individual retirement accounts. Its loan products include residential real estate, consumer, construction, lines of credit, commercial real estate, and commercial nonreal estate. The bank also offers other financial services, including investment products; automated teller machines; 24-hour telephone and Internet banking, including account access, bill payment, and online loan applications. In addition, it provides bounce protection overdraft service, debit cards, and safe deposit boxes. The company invests in municipal securities, U.S. government and agency obligations, and certificates of deposit. As of December 31, 2004, the bank operated 15 offices in Benton, Marion, Washington, Carroll, Baxter, and Boone counties. The company was formed in 1934 and is based in Harrison, Arkansas.
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