EXHIBIT 10.2

                              HOME BANCSHARES, INC.
               DIRECTOR AND EXECUTIVE OFFICER COMPENSATION SUMMARY

                          DIRECTOR COMPENSATION SUMMARY

     Set forth below is a summary of the compensation arrangement between Home
BancShares, Inc. (the "Company") and its directors who are not full-time
employees of the Company or one of its subsidiaries. Directors who are full-time
employees of the Company or one of its subsidiaries receive no separate or
additional compensation for their service as a director.

BOARD MEETING FEES



                              Per Meeting (Member)   Per Meeting (Chairman)
                              --------------------   ----------------------
                                               
Home BancShares, Inc. (HBI)     $1,000                 $2,000
First State Bank (FSB)          $575                   $1,150
Twin City Bank (TCB)            $450                   $900
Community Bank (CB)             $7,000 (per year)      $$9,500 (per year)
Bank of Mountain View (MV)      $300                   $600
Marine Bank (MB)                $750                   $750


The Chairman of the Board for Marine Bank receives an annual retainer of
$36,000.

COMMITTEE MEETING FEES



                     HBI    FSB    TCB    CB    MV    MB
                    ----   ----   ----   ---   ---   ----
                                   
Audit               $400   $200   $200    --    --   $250
Nominating          $250     --     --    --    --     --
Asset / Liability     --   $250     --    --    --   $250
Compensation        $400   $250     --    --    --   $250
Loan                  --   $250   $200    --    --   $250
Marketing             --     --   $200    --    --     --
Personnel             --     --   $200    --    --     --
Trust                 --     --     --    --    --   $250
Executive             --     --     --    --    --   $250
Succession            --     --     --    --    --   $250


                  NAMED EXECUTIVE OFFICER COMPENSATION SUMMARY

     The named executive officers of Home BancShares, Inc. (the "Company") are
"at will" employees lacking written employment agreements with the Company. The
annual base salaries of the named executive officers are set annually by the
Company's Board of Directors, based on the Compensation Committee's
recommendation. In addition to his base salary, each of the named executive
officers is eligible for a bonus and to participate in the Company's 2006 Stock
Incentive Plan. For 2006, the annual base salaries of the Company's named
executive officers are as follows:


                                                     
John W. Allison        Chairman, Chief Executive Officer   $--
Ron W. Strother        Chief Operating Officer             $250,000
Randy Sims             President of First State Bank       $200,000
Tracy French           President of Community Bank         $197,836.60
Robert F. Birch, Jr.   President of Twin City Bank         $200,000 plus
                                                           $7,000 auto
                                                            allowance