Bear State Financial Inc, formerly First Federal Bancshares of Arkansas, Inc., is a holding company of First Federal Bank (the Bank). The business and management of the Company consists of the business and management of the Bank. The Bank is a federally chartered stock savings and loan association. As of December 31, 2011, The Bank conducted business from its main office and 17 full service branch offices located in a six county area in Arkansas consisted of Benton and Washington counties in Northwest Arkansas; Carroll, Boone, Marion and Baxter counties in Northcentral Arkansas; and a loan production office in Little Rock, Arkansas. In February 2012, three full service branches in Northwest Arkansas were closed. First Federal's deposits are insured by the Deposit Insurance Fund (DIF).