First Security Bank has named a new bank president for its Springdale market. Dean La Grone will be assuming the role, taking over for Mike Morgenthaler, who retired on Feb. 25.
A 37-year banking veteran, La Grone most recently served as First Security’s Northwest Arkansas chief lending officer. He has worked at First Security Bank for more than 19 years and was employed by First National Bank of Springdale for eight years before First Security acquired the bank in 2001.
“I am very honored to be given the opportunity to lead a group of so many incredibly talented and dedicated bankers,” LaGrone said in a statement. “It is our people who truly define us as a bank – representing us so well in the Springdale community, and making First Security a great place to do business.”
La Grone holds a bachelor’s degree in banking/finance as well as a master’s of business administration from the University of Arkansas.
Founded in 1932, the Searcy-based First Security Bank has approximately $1.1 billion in total capital and more than $5.4 billion in assets. The company has 77 community banking centers, 95 ATMS and more than 1,000 employees in Arkansas.