Finance

Evans named president of Arvest’s Benton County market

Chad Evans is the new president of Arvest Bank’s Benton County market, the bank announced Monday (July 15). He replaces Brad Crain, who was recently promoted to regional executive for…

Inflation eased in June, up 3% from year ago

The closely watched report on U.S. inflation indicated consumer prices cooling in June, a welcome sign for economists and consumers. The Consumer Price Index (CPI) declined 0.1% from the prior…

Kendall brothers join forces at WealthPath Investment Advisors

After a 32-year career with Arvest Bank, Matt Kendall retired this past spring as president and CEO of the bank’s mortgage division. However, Kendall isn’t bidding farewell to work. Instead,…

Jonesboro sales tax collections decline year-over-year in June

Jonesboro experienced a decline in sales and use tax collections in June after an uptick in such collections during May. Craighead County had a similar growth and decline pattern for…

$2.5 million residence, car dealership buy top recent NEA property deals

Dreamland of Arkansas LLC made the most significant residential and commercial property transfer in Craighead County from May 15 to June 15, according to the Craighead County Assessor’s Office. The company…

Former Central High basketball coach Brian Ross joins Colliers

Brian Ross, former Little Rock Central High School head basketball coach, joined Colliers | Arkansas in June as investor relations analyst. An Ozark native, Ross moved to Little Rock as…

Erica Preston named chief banking officer for Chambers Bank

Erica Preston has rejoined Chambers Bank as its chief banking officer. The newly created position will supervise the retail banking, marketing and communications, learning and development, digital banking, and business…

Adam Mitchell exits Citizens Bank; Jeff Teague, Vernon Scott to lead

Batesville-based Citizens Bank announced Tuesday (June 25) that Board Chair Jeff Teague will serve as CEO, while veteran Vernon Scott will become the bank’s new president and chief lending officer….

Former Westside YMCA in Little Rock sells for $1.8M

A former YMCA owned by Arkansas Sports Medicine LLC, managed by Drs. Jimmy Tucker and Eric Gordon, was sold on June 14 to SwimGym LLC, led by Connie Raley, for…

Arvest Bank completes 14th year of Million Meals initiative

Arvest Bank’s 14th annual Million Meals campaign raised $170,856 to benefit over 34 food partners in Northwest Arkansas and the Fort Smith metro. The Fayetteville-based company shared the details in…

Northwest Arkansas sees lowest mortgage activity since 2015

According to Attom Data Solutions, mortgage originations in Northwest Arkansas were down 5.5% in the first quarter this year compared with the same time last year. The total marked the…

Gov. Sanders signs tax cut bills into law

Gov. Sarah Sanders signed into law Wednesday (June 19) a series of significant tax cuts that will result in personal and corporate taxes falling by a half-percent at the top…

Tax cut bills, Game & Fish appropriation clear House, Senate chambers

Arkansas lawmakers overwhelmingly passed major tax relief and a lingering budget appropriation in the Senate and House chambers on Tuesday (June 18), the second day of a special session at…

Arkansas banks report $488M net income in Q1

According to a recent Federal Deposit Insurance Corp. (FDIC) report, net income for 81 FDIC-insured Arkansas banks in the first quarter this year was $488 million, essentially unchanged from $489…

Southern Bancorp adds Joycelin Randle as senior manager

Southern Bancorp hired Joycelin Randle as its senior manager for investor relations & stakeholder engagement. “We are thrilled to welcome Joycelin to the Southern Bancorp team,” said Kenya Davenport, interim…

Tax relief measures, Game & Fish Commission budget advance in special session

Arkansas lawmakers on Monday (June 17) advanced an appropriation bill for the Game & Fish Commission (G&FC) and complimentary tax cut bills to reduce the top personal and corporate income…

Arvest Opportunity Fund establishes advisory board

Arvest Opportunity Fund, a subsidiary of Fayetteville-chartered Arvest Bank, has established an advisory board and named six members from the bank’s four-state footprint. According to a news release on Monday…

Real Deals: Missouri buyer orders up Burger King investment in Bentonville

A 3,014-square-foot retail building in Bentonville’s Commerce Centre development recently sold for $2.2 million, or $729.92 per square foot. Curtis Jared, a commercial real estate investor in Springfield, Mo., bought…

Then & Now: Williams to pass torch, wrap up 32-year career at UARK Federal Credit Union

Editor’s Note: The following story appeared in the June 3 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…

$1 million commercial acreage deal tops recent property move in Craighead County

ABS Southern Hills LLC made the most significant residential and commercial property transfer in Craighead County from April 15 to May 15, according to the Craighead County Assessor’s Office. The…