Lease Agreement, Dated As of September 1, 2004

EXHIBIT 10.9


REAL ESTATE LEASE


This Lease Agreement (this "Lease") is made effective as of September 1, 2004, by and between Robert H. "Bunny" Adcock, Jr. Blind Trust Agreement dtd 6/4/03, Matt Barnhardt Trustee, ("Landlord"), and First State Bank, ("Tenant"). The parties agree as follows:


PREMISES. Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant Office building (the "Premises") located at 715 Chestnut, Conway, Arkansas 72032.


TERM. The lease term will begin on September 1, 2004 and will terminate on August 30, 2006.


HOLDOVER. If Tenant maintains possession of the Premises for any period after the termination of this Lease ("Holdover Period"), Tenant shall pay to Landlord a lease payment for the Holdover Period based on the terms of the following Lease Payments paragraph. Such holdover shall constitute a month-to-month extension of this Lease.


LEASE PAYMENTS. Tenant shall pay to Landlord monthly payments of $ 1,200.00 per month, payable in advance on the first day of each month, for a total annual lease payment of $ 14,400.00. Lease payments shall be made to the Landlord at 1321 Oak Street, Conway, Arkansas 72032, as may be changed from time to time by Landlord.


POSSESSION. Tenant shall be entitled to possession on the first day of the term of this Lease, and shall yield possession to Landlord on the last day of the term of this Lease, unless otherwise agreed by both parties in writing.


USE OF PREMISES. Tenant may use the Premises only. The premises may be used for banking purposes. The Premises may be used for any other purpose only with the prior written consent of Landlord, which shall not be unreasonably withheld. Tenant shall notify Landlord of any anticipated extended absence from the Premises not later than the first day of the extended absence.


REMODELING OR STRUCTURAL IMPROVEMENTS. Tenant shall have the obligation to conduct any construction or remodeling (at Tenant's expense) that may be required to use the Premises as specified above. Tenant may also construct such fixtures on the Premises (at Tenant's expense) that appropriately facilitate its use for such purposes. Such construction shall be undertaken and such fixtures may be erected only with the prior written consent of the Landlord which shall not be unreasonably withheld. At the end of the lease term, Tenant shall be entitled to remove (or at the request of Landlord shall remove) such fixtures, and shall restore the Premises to substantially the same condition of the Premises at the commenc ...