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Susannah Marshall has been tapped to succeed the longtime boss at the Arkansas Bank Department.

Gov. Asa Hutchison on Thursday named Marshall as the next state banking commissioner.

Marshall has worked at the agency since 1995 and has been one of its two deputy commissioners since 2007. She will replace Candace Franks, who is scheduled to retire Oct. 1 after 40 years with the agency.

The department is charged with regulating the 75 commercial banks with main offices in Arkansas. Their assets totaled $123 billion as of June 30.

Marshall holds an undergraduate degree in accounting from Arkansas State University in Jonesboro. She is a 2002 graduate of the Southwestern Graduate School of Banking in Dallas.

As deputy bank commissioner, Marshall directly oversees the application and analyst division of the department, as well as two commercial examination groups, and the information systems examination group.

Marshall draws an annual salary of $134,371.12, according to the state government transparency website. Franks has an annual salary of $160,048.10. Marshall's new salary wasn't immediately available Thursday.

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