Businessweek

On March 28, 2013, the Board of Directors of First Federal Bancshares of Arkansas Inc. and its wholly-owned subsidiary, First Federal Bank announced the election of Christopher M. Wewers as President and Chief Executive Officer, effective June 30, 2013, and in the case of his role as CEO of the company, upon the prior non-objection of the Federal Reserve Bank, the company’s primary regulator. Mr. Wewers currently serves as President and Chief Operating Officer of the company and Bank. Following the transition, W. Dabbs Cavin will remain on the Board of Directors of the company and Bank, and serve as Executive Vice Chairman.

On November 28, 2012, First Federal Bancshares of Arkansas Inc. and its wholly-owned subsidiary, First Federal Bank, announced the appointment of Christopher M. Wewers as President of the company and the Bank, effective upon the non-objection of the Office of the Comptroller of the currency, the Bank’s primary regulator, and the Federal Reserve Bank, the company’s primary regulator. Mr. Wewers has served as Executive Vice President and Chief Operating Officer of the company and the Bank since May 2011 and will continue to do so until the effectiveness of his appointment as President. Upon effectiveness of Mr. Wewers appointment, W. Dabbs Cavin, currently serving in multiple positions with the company and the bank (including President), will continue to serve as Chief Executive Officer and Vice Chairman of the Boards of Directors of the company and the Bank.

On November 16, 2012, John T. Suskie, Jr. joined First Federal Bancshares of Arkansas Inc. and First Federal Bank as Executive Vice President and Chief Lending Officer of the Company and the Bank. Mr. Suskie most recently was an Executive Vice President and Regional Credit Officer with Summit Bank during the last six years. He was responsible for guiding the commercial lending function for the central Arkansas regions of the bank. Prior to joining Summit Bank, Mr. Suskie was employed by Bank of America, N. A. (and predecessors, NationsBank, Boatmen's Bank and Worthen National Bank) for over 16 years where he oversaw various commercial lending related functions primarily in the central and northwest Arkansas markets.

On June 26, 2012, the board of directors of First Federal Bancshares of Arkansas Inc. and First Federal Bank appointed Christopher M. Wewers, Executive Vice President and Chief Operating Officer of the company and the Bank, to the boards of directors of the company and the Bank. His appointments will become effective upon the non-objection of the Office of the Comptroller of the Currency, the Bank’s principal regulator, and the Federal Reserve Board, the company’s principal regulator. Mr. Wewers is expected to serve on the nominating and governance committee of each board.

First Federal Bancshares of Arkansas Inc. will be added to Russell 2000 Index.