Finance

Arvest Bank promotes Craig Shy to market president in Fayetteville

Craig Shy, who has worked for Arvest Bank since September 2004, will take over Nov. 1 as the president and CEO of the company’s Fayetteville market. He is succeeding Donny…

Tesla veteran is Zipline’s first chief business and financial officer

Zipline, the California-based autonomous drone delivery company innovating in Northwest Arkansas, recently hired a Tesla veteran as its first chief business and financial officer. Deepak Ahuja starts the new job…

Citizens Bank SVP Sandy Starnes awarded inaugural ABA Emerging Leader Award

Sandy Starnes, senior vice president and director of marketing, at Citizens Bank is a recipient of the inaugural ABA Emerging Leader Award with the American Bankers Association. This new award…

Arkansas tech firm has patent on helping banks share loan risks

A tech product patented by an Arkansas company is helping smaller community banks connect with each other to share the risks of larger loans. Little Rock-based BankLabs holds the patent…

Stephens Inc. hires two directors in Health and Life Sciences group

Stephens Inc. announced Wednesday (Sept. 28) it has hired Matt Dormer and Chris Cooley in its Investment Banking division as Managing Directors to focus on Health and Life Sciences. Dormer…

Banking income declines in 2Q

According to a recent Federal Deposit Insurance Corp. (FDIC) report, federally insured commercial banks and savings institutions saw net income decline by 8.5% to $64.4 billion in the second quarter….

Home foreclosures rise in Arkansas, across U.S.

California-based Attom Data Solutions, which tracks national housing and foreclosure data, recently released its August 2022 U.S. Foreclosure Market Report. It showed there were 177 Arkansas properties with foreclosure filings…

New Little Rock Federal Reserve leader looks to convene, connect

Matuschka Lindo Briggs, who was named in June as vice president and regional executive for the Federal Reserve Bank of St. Louis’ Little Rock branch, is down with Arkansas hospitality….

Fayetteville real estate exec joins Batesville bank’s board of directors

Batesvillle-based Citizens Bank said Wednesday (Sept. 21) that Fayetteville real estate developer T.J. Lefler has joined its board of directors. Lefler owns Lefler Capital, a real estate company that owns…

First Western Bank planning operations center expansion in Rogers

Booneville, Ark.-based lender First Western Bank is in the preliminary stages of expanding its operations center in Rogers. The company has filed a preliminary development plan with the city for…

Colliers closes $3M sale of Little Rock office/warehouse building

Colliers Arkansas announced the sale Tuesday (Sept. 20) of a 48,000-square-foot office/warehouse building in west Little Rock for $3 million. The purchase price equals $62.50 per square foot. According to…

Then & Now: Working with dad fits easily for Blanchard

Editor’s Note: The following story appeared in the Sept. 12 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…

Marist Poll indicates growing consumer worry over finances

Consumers are growing more concerned over their finances as inflation persists, interest rates rise and their retirement accounts invested in equities are losing value. A poll conducted by Marist College…

Mary Ann Greenwood, pioneering investment adviser, has died

Mary Ann Greenwood, a philanthropist and retired investment adviser who founded a pioneering woman-owned business in Fayetteville in 1982 when she started M.A. Greenwood & Associates, died Saturday (Sept. 17)…

$70 million upscale apartments planned for Rockwater community in NLR

Developers announced a $70 million upscale apartment complex Wednesday (Sept. 14) for the Rockwater community in the Argenta district of downtown North Little Rock. The project will include 360 units…

Skyline Report: Home prices jump 26%; apartment vacancy ‘functionally zero’

According to new real estate reports, the average home sales price in Northwest Arkansas rose by 26.8% in the first half of 2022 from the same period last year. Over…

Then & Now: Koontz’s career hits a ‘Pinnacle’ in Rogers

Editor’s Note: The following story appeared in the Aug. 29 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…

First Community Bank recruits Simpson, Doyle to establish NWA lending team

Batesville-chartered First Community Bank has hired Austin Simpson and Tim Doyle to lead its Northwest Arkansas lending team. They both previously worked for Bank OZK. First Community Bank has received…

Cross County Bank to unify operations under Cross Bank name

Cross County Bank of Wynne announced Tuesday (Sept. 6) a plan to unify the organization under a new name: Cross Bank. Currently, Cross County Bank operates four offices in Cross…

$4 million apartment complex, $2.85 million motel property top NEA real estate deals

Middlebrook Holdings LLC made the most significant residential and commercial property transfer in Craighead County, from July 15 through Aug. 15, according to the Craighead County Assessor’s Office. The company…