Ark. Code Ann. § 23-48-305: Issuance and filing of certificate of incorporation

(a) Upon approval of the State Banking Board and payment of the fees, the Bank Commissioner shall give to the persons named as incorporators a certificate of incorporation, in the form that he or she may prescribe, if the commissioner has made satisfactory determinations as to the matters described in § 23-48-304(d)(1) -(4) and is also satisfied that appropriate federal deposit insurance has been obtained.

(b) The commissioner shall also return one (1) of the copies submitted to him or her of the articles of incorporation upon which he or she has endorsed the fact of the issuance by him or her of the certificate of incorporation.

(c) Upon receipt of the certificate of incorporation, the institution may proceed with its business.