Community bankers in Arkansas say a state law capping loan interest rates at 10% is driving them out of business.

"We need to address this issue before we look up and realize there are no local banks left," said Daniel G. Bailey, executive director of the Arkansas Bankers Association.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.