Sellars promoted to CEO & President of FNBC Bank
Marty Sellars will be promoted to Chief Executive Officer and President of FNBC Bank effective Jan. 1, 2016. Martin Carpenter, Chief Executive Officer and Chairman of the Board, recently announced he will be stepping down as CEO of the organization at the end of 2015 after 30 years in the position.
Sellars has been President and Chief Operations Officer of FNBC Bank since 2003.
“Marty is uniquely qualified to become the next CEO of FNBC Bank,” said Carpenter. “He has been a trusted and loyal associate for over 32 years and has been hugely instrumental in our growth and expansion during that time. He exemplifies the culture and core values of FNBC and has a servant’s heart. I have full confidence in him to lead FNBC into the future.”
Sellars, a native of Izard County, began his career in community banking when he was only 18 years old at a local bank in Horseshoe Bend. In January 1983 he joined FNBC in the Loan Department as a Loan Collector, and quickly advanced to Vice President and Loan Officer. In 1990 he was promoted to Vice President and Branch Manager to grow and expand FNBC’s footprint in the Hardy market. In 1997 he was once again promoted to Senior Vice President and Branch Administrator, supervising the operations of four of FNBC Bank’s offices.
He served in this capacity until his promotion to President and Chief Operations Officer in 2003. He is the bank’s 10th president.
“My life has been incredibly blessed, rooted in family and faith, and equally anchored with guidance from cornerstone life mentors and leaders,” said Sellars. “Likewise, FNBC has a bold legacy of success led by iconic community bankers. I’m humbled and gratified to have the opportunity to lead FNBC into the future, utilizing the core values and proven frameworks that have served us well for over 100 years. It truly is a bold past and a bright future at FNBC.”
Sellars is a graduate of the prestigious Southern Methodist University Graduate School of Banking in Dallas. He sits on the Board of Directors for FNBC Bank, serves on the Board of Directors for the Network of Community Options, a position he has held for over 20 years, and is vice chairman of the Sharp County Chapter of the Arkansas Community Foundation. He is also active in leadership at the Highland Assembly of God Church where he and his family have attended for over 30 years.
He is a past president of the Spring River Area Chamber of Commerce, and has served on the Ozarka College Foundation Board and Business Department Advisory Board.
Sellars and his wife, Carol, live in Ash Flat and have two grown children: Trevor, 25 and Chloe, 20.
Carpenter will continue to work at FNBC Bank as the Chairman of the Board of Directors, but will not be involved in the daily operations and management of the organization.
Carpenter is a third generation community banker at FNBC Bank. His great-uncle, Odus Carpenter, was President from 1944-1966, and his father, Boyd Carpenter, was President and CEO from 1973-1986 and Chairman of the Board from 1973-1988. Martin became the bank’s ninth president in 1986 and became Chairman of the Board in 1988. He celebrated 40 years with FNBC in 2013.