Riverside Bank

What Riverside Bank does

Riverside Bank is a privately held, FDIC-insured community bank headquartered in Little Rock, Arkansas, with continuous operations tracing to 1916 when it was originally chartered as Merchants & Planters Bank in Sparkman (Dallas County), Arkansas. The bank operates two retail branches — Sparkman (original charter location) and Little Rock (added 2007) — supplemented by loan production offices in Central Arkansas and Fayetteville, and wholly owned subsidiaries Riverside Mortgage Company and Little Rock Title Company. Riverside's core focus is custom mortgage lending, supplemented by traditional banking services such as Basic and Interest Checking accounts, high-yield CDs and money market accounts, Visa debit cards, and consumer and small business loans.

The bank's technology stack centers on a modern digital banking platform (deployed via STI App at digital.riverside.stiapp.com) with native iOS and Android mobile apps, multi-factor authentication, biometric login, an ADA-compliant interface, and bilingual English/Spanish support. Riverside earns revenue primarily through net interest income on its mortgage and consumer loan portfolio, deposit spread (marketed as Arkansas's deposit rate leader), and ancillary fees from Visa debit card transactions. GTM is direct-to-consumer via branches, online loan applications, digital banking, and a financial education blog authored under the Steve Davis byline.

Riverside targets Arkansas residents and small businesses, particularly mortgage-seekers in the home purchase, refinance, construction, and home equity segments. The bank distributes through its physical branches, online loan applications, a digital banking portal, and a Facebook social presence. Ownership is closely held and undisclosed; the bank operates independently with no parent company, no disclosed investors, and no public financial reporting.

Name

Riverside Bank

Legal name

Riverside Bank

Website

https://www.riversidebanc.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

11–50 employees

Short description

Riverside Bank is a privately held Arkansas community bank chartered in 1916, operating two retail branches plus loan production offices and specializing in custom mortgage lending alongside traditional checking, CDs, and small business banking products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (52218), Credit Intermediation and Related Activities (522)

SIC

State Commercial Banks (6022), Personal Credit Institutions (6141)

akta.pro primary industry

Bank Branch / Retail Purchase Mortgages (FSALAAAA)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking
• Mortgage lending
• Retail deposits
• Consumer loans
• Digital banking

Headquarters

HQ city

Little Rock

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Mortgage Lending: Interest income from mortgage loans including purchase mortgages, refinances, construction loans, bridge loans, second mortgages, home equity loans, and jumbo loans
2. Deposit Services: Interest income from deposits, checking accounts, high-yield CDs, and money market accounts with competitive rates
3. Consumer and Business Loans: Auto loans, personal loans, commercial real estate loans, and small business loans generating interest income
4. Fee-based Services: Visa debit/check card services with fee-free ATM access and cash-back options

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Riverside Bank is an FDIC-insured Arkansas community bank that primarily originates custom residential mortgage loans (purchase, refinance, construction, bridge, home equity, jumbo) supplemented by traditional deposit products (interest and basic checking, high-yield CDs, money market) and consumer/small business loans (auto, personal, commercial real estate). Banking services are delivered through two physical branches in Sparkman and Little Rock plus a digital banking platform with mobile apps. The bank's differentiation comes from closely held ownership, a 24/7 loan committee enabling fast decisions, and Arkansas-leading deposit rates driven by a low-overhead operating model.

Product overview

Riverside Bank is a traditional community bank offering a unified banking and mortgage platform. The core product portfolio centers on Custom Mortgage Loans through Riverside Mortgage Company, complemented by traditional banking services including checking accounts (Basic Checking and Interest Checking), High Yield CDs, and Visa Check/Debit Cards. Supporting services include Digital Banking with mobile apps, a Mortgage Calculator, and Online Loan Application tools. The bank also operates Little Rock Title Company for title insurance services. The company positions itself as offering 'small Hometown banking with Big Bank products' through its closely held ownership structure.

Differentiator

Problem solved

Functional benefit

Products and services

• Custom Mortgage Loans Riverside Bank's flagship product offering: custom residential mortgage loans for Arkansas residents, including home equity lines, new construction loans, home remodeling loans, investment property loans, and bridge loans. Marketed as the lowest mortgage rates and costs in Arkansas with custom solutions enabled by closely held ownership and few decision makers.
• Mortgage Loan Products Comprehensive suite of Arkansas mortgage products offered through Riverside Mortgage Company including 100% loans, construction loans, bridge loans, second mortgages, home equity loans, conventional loans, fixed-rate mortgages (30, 15, 10, 7, 5 year terms), and jumbo fixed and adjustable rate loans.
• Basic Checking Account No-minimum-balance checking account targeted at Arkansas consumers who write fewer than 20 checks per month and do not maintain significant balances. Includes Internet Banking Access, Visa Debit Check Cards, and optional Electronic Statements.
• Interest Checking Account High-yield interest-bearing checking account with comprehensive features: Free Internet Banking, External Bank Transfers, Electronic Statements, Electronic Bill-Pay, Visa Debit Cards, and Free ATM access Nationwide. Aimed at savings-focused Arkansas consumers.
• High Yield CDs Certificate of Deposit and Money Market accounts marketed as having some of the highest yielding CD and Money Market rates in the country, typically the deposit rate leader in Arkansas. Quote-based pricing.
• Visa Check/Debit Cards Free Visa Check/Debit Cards accepted everywhere Visa is accepted, providing ATM access nationwide and cash-back at most retailers with no additional charges. Offered to approved Riverside Bank customers as part of deposit account services.
• Digital Banking
• Riverside Mobile Banking App
• Consumer and Business Loans Traditional lending products offered alongside mortgage services including Auto Loans, Personal Loans, Commercial Real Estate Loans, and Small Business Loans for Arkansas consumers and small business owners.

Quantifiable outcome

• Deposit rate leader in Arkansas

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature1 record

Scale indicators3 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Arvest Bank: Large Arkansas-headquartered community bank offering retail banking, mortgage lending, and deposit products across the same geography. Operates hundreds of branches, making it both a direct competitor and the scale benchmark Riverside competes against.
• Bank OZK: Arkansas-based bank (formerly Bank of the Ozarks) with strong mortgage, commercial real estate, and retail banking franchises. A direct peer competing for the same Arkansas deposit and mortgage customers as Riverside.
• Simmons Bank: Arkansas regional bank offering consumer banking, mortgage, and small business lending. Comparable to Riverside in geographic focus and product mix, though at significantly larger scale.
• First Security Bank: Arkansas-headquartered community bank providing retail banking and mortgage products. Direct competitor for the same Arkansas deposit and mortgage market Riverside serves.
• Generations Bank: Community bank serving Northwest and Central Arkansas with consumer banking and mortgage products. Closely mirrors Riverside's small-town, relationship-driven community banking model in the same Arkansas geography.
• Eagle Bank and Trust: Arkansas community bank with deposit accounts, mortgage lending, and small business banking. Closely comparable in scale, community banking philosophy, and product set to Riverside.
• Southern Bancorp: Arkansas-based community development bank providing retail banking, mortgage, and small business lending in rural Arkansas markets. Comparable footprint and mission-aligned community banking model.
• First National Bank of Arkansas: Arkansas-headquartered community bank offering retail banking, mortgage, and commercial lending. Direct competitor to Riverside in the same Arkansas markets with similar product mix.

Broad incumbents

• Home BancShares: Arkansas-based bank holding company (parent of Centennial Bank) operating across multiple states. A larger, publicly traded regional incumbent that competes with Riverside in overlapping Arkansas markets.
• Cadence Bank: Regional bank (formed via BancorpSouth merger) with retail banking and mortgage operations across the South, including Arkansas. Larger incumbent competing for the same customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/riversidebank
• LinkedInlinkedin.com/company/riverside-bancshares-inc.

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Riverside Bank