Cross County Bank actually began back in 1891 in Wynne, Arkansas. A group of the area's most influential businessmen gathered together daily at the old Commercial Hotel to discuss the day's events. It was here that these men, sitting together in a small room filled with cigar and cigarette smoke, discussed the need for a bank in their small town. At that time, Wynne only had a population of one thousand people.
It was under the leadership of Issac Block, a planter who owned a large amount of valuable land just outside Wynne, that this discussion amongst businessmen was transformed into an actionable plan to create a bank. In May of 1891, he persuaded 31 individuals to commit to investing $30,000, and made an application to the State of Arkansas to charter Cross County Bank. The application was promptly approved and the charter (#25) was granted on June 5, 1891. This was indeed a historic event as it was only the second bank to be established in all of Eastern Arkansas.
After receiving their charter, the men purchased some land and began construction of what would become the first Cross County Bank. The $5,042.63 price tag of the original bank building, located at the corner of Front and Union, was expensive for 1891. It was a tremendous investment, especially considering that the bank only profited $156.57 in its first year of business. This miniscule figure may seem like it may have been quite demoralizing, however it was not long before the need for a bank in that area became clearly evident. In its second year, Cross County Bank went from under $200 to $52,666! And the rest, as they say, is history. Cross County Bank continued to grow over the years and eventually even expanded into the Jonesboro area with the creation of a new branch, First Commercial Bank.
Today, we carry forth the dreams of our founders and we're proud to say we are a part of a vision that has lasted for over a century! We believe that the strength and stability of Cross County Bank are due to the commitment made by a group of determined businessmen over 125 years ago; to meet the financial needs of their community. As we move forward, we are determined to give our customers only the highest quality service and to carry on the tradition of strength and stability that began back in 1891.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154