HCB Bancshares

HCB Bancshares was organized at the direction of the Board of Directors of the Bank for the purpose of becoming a holding company.

HCB Bancshares, Inc. operates as the holding company for HEARTLAND Community Bank. The Bank's principal lending activity consists of the origination of loans collateralized by mortgages on single-family residences in its primary market area; and commercial real estate and multifamily properties in the State of Arkansas. It also makes a variety of consumer and commercial business loans. The commercial real estate loans may be collateralized by offices, warehouses, shopping centers, land, nursing homes, single-family subdivision developments, and other commercial properties. The consumer loans primarily consist of loans collateralized by savings deposits at the Bank and automobiles. Besides, the investment activities of the Bank consist primarily of investments in mortgage-backed securities and other investment securities, consisting primarily of securities issued or guaranteed by the U.S. government or agencies thereof, and state and municipal securities. Further, it attracts deposits principally from within its primary market area by offering NOW accounts, money market accounts, statement savings accounts, individual retirement accounts, and certificates of deposit. The Bank's primary market area comprises the Calhoun, Cleveland, Dallas, Grant, Ouachita, and Saline counties in Arkansas. To a lesser extent, it accepts savings deposits and offers loans throughout the remainder of central and southern Arkansas. As of June 30, 2003, the Bank operated through five banking offices located in Camden, Fordyce, Sheridan, and Bryant in Arkansas. Source: {Businessweek} http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=361872