Encore Bank Heads Southeast | Arkansas Business News

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Encore Bank has chosen locations for two of its planned branches in the southeast.

The $1.3 billion asset lender intends to open a third-floor office at The Pointe at 2502 N. Rocky Point Drive in Tampa, Florida. The 5,634 square foot location will be Encore’s first in the Sunshine State.

Tampa’s $35 billion deposit market is home to 41 banks, including two based in Arkansas. Little Rock’s Bank OZK has total deposits of over $316 million in Tampa, or 0.89% of the market, and Conway’s Centennial Bank has total deposits of over $284 million, or 0 share, 80%.

Encore is also working on a full-service branch in Charleston, SC. This office will operate on approximately 5,800 square feet in the Lumberyard, a redeveloped warehouse project at 1859 Summerville Ave.

No other Arkansas bank operates an office in Charleston’s $10 billion deposit market, which sports a competitive field of 24 lenders.

Encore opened its four full-service branches outside of Arkansas in 2021 in Dallas, San Antonio, and Austin, Texas; and Springfield, Missouri.

In West Little Rock, Encore has converted its former corporate headquarters into a cash operations center in a nearly $2.7 million sale-leaseback deal. Encore sold the 8,752 square foot facility at 12224 Chenal Parkway to Own Core LLC, a local investment group led by Wes Martin.

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