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Farmers & Merchants Bank

Erstine Joins Board of Directors :: News

Erstine Joins Board of Directors

STUTTGART, AR – Farmers & Merchants Bank announced today that David Erstine of Fayetteville has joined the bank’s board of directors.

Erstine, SIOR, CCIM, is a Senior Vice President at CBRE, a global brokerage and commercial real estate management firm with local offices in Little Rock and Fayetteville. He brings more than 20 years of commercial real estate (CRE) market research and brokerage experience to his position on the bank’s board of directors.

Erstine specializes in buyer site selection and acquisition, office leasing and sales, sale-leaseback, and development services for quick-service restaurant, retail, and financial and professional services operators in Northwest Arkansas.  Since 2015, David has completed more than 661 lease, sale and consulting deals, encompassing 7.7 million square feet for a total transaction volume of more than $719 million.

“I am very pleased to announce the addition of David Erstine to our bank’s Board of Directors”, commented President and Chief Executive Officer Brad Chambless. “David brings extensive experience in the Northwest Arkansas market to his new role, and we are thrilled to be able to capitalize on his knowledge as we continue to expand our footprint across the state.”

A native of Stuttgart, Erstine holds a Bachelor of Science degree in Agriculture Business from the University of Arkansas. He is a graduate of Leadership Arkansas and Leadership Fayetteville as well as a past recipient of the Northwest Arkansas Business Journal’s “40 Under 40” award. He is a former board member of Northwest Arkansas Big Brothers Big Sisters and the Single Parent Scholarship Fund of NWA. Additionally, he currently serves on the board of the XI Corporation of the Kappa Sigma Fraternity.

“Having grown up in Stuttgart, I’ve been familiar with Farmers & Merchants Bank throughout my life. Early in my career I had the opportunity to meet John Lewis and participate in chamber of commerce functions with him. I am both excited and appreciative to be offered this chance to serve on the board of Directors for Farmers and Merchants Bank and The Bank of Fayetteville.”  

Farmers and Merchants Bank, headquartered in Stuttgart, is a locally-owned community bank with 27 locations across the state of Arkansas, including eight operating as The Bank of Fayetteville. With assets in excess of $1.7 billion, Farmers and Merchants is the 12th largest bank chartered in Arkansas.

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