Finance

The evolution of consumer payments

Since the beginning of time, people have used some form of payment to purchase goods and services. From the creation of the Mesopotamian Shekel around 2,150 BC, society has always…

Canyon View Capital seals $78.8M deal for Landmark Apartments in Little Rock

A California real estate firm has completed the second leg of a 450,000-square-foot apartment acquisition in west Little Rock worth more than $78 million. Canyon View Capital paid $78.8 million…

NY firm acquires Wolf Creek Apartments in Jonesboro for $12 million

New York-based Hillcrest Acquisitions has acquired Wolf Creek Apartments in Jonesboro for $12 million. The 192-unit multifamily property, located on Caraway Road, has served as student housing for attendees of…

FNBC hires David Norris to lead mortgage lending division

FNBC President Chad Hudson announced Thursday (April 25) that David Norris has been hired as senior vice president, Mortgage Lending. In this new role, Norris will be responsible for enhancing…

Simmons First reports first quarter income, revenue declines

Pine Bluff-based Simmons First National Corp. posted unadjusted first quarter net income of $38.871 million, down 14.7% compared with the same period in 2023. First quarter revenue was $195.09 million,…

Commercial Bank & Trust, First State Bank to unify

Commercial Bank & Trust announced a strategic initiative to unify its sister bank, First State Bank of Warren, into the Commercial Bank operation effective June 24, 2024. Given the proximity…

Then & Now: Rob Woods treasures longtime relationships

Editor’s Note: The following story appeared in the April 8 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…

Quarterly net income dips, revenue rises for Home BancShares

Home BancShares posted a small dip in net income in the first quarter, but earnings per share of 50 cents beat the consensus estimate of 45 cents and interest income…

Bank OZK quarterly income up 3.4%, credit loss provisions rise

Little Rock-based Bank OZK on Wednesday (April 17) reported broad financial gains in the first quarter, with net income of $171.5 million up 3.4% compared with the same period in…

AMC Mortgage opens Fayetteville office

Tulsa-based AMC Mortgage has opened a second Northwest Arkansas office in Fayetteville. The company is leasing approximately 900 square feet inside an 8,000-square-foot office building at Glory Drive and North…

Arvest Bank raises money for Million Meals campaign

Fayetteville-chartered Arvest Bank recently kicked off its 14th annual Million Meals campaign to raise money to help feed area families. The campaign runs through May 31. The campaign will benefit…

Protecting elderly, serving veterans are top issues for new bank association chairman

Brad Chambless, CEO of Farmers & Merchants Bank, outlined his priorities for his role as the new chairman of the Arkansas Bankers Association. Chambless appeared on this week’s edition of…

BLS: Year-over-year inflation up 3.5% in March

Prices of goods and services were higher than expected in March with the Consumer Price Index (CPI) rising 0.4% for the month and 3.5% higher year over year, according to…

Six ways to preserve your company’s legacy through succession planning

Day-to-day operations take up most of a business owner’s time; yet, what would happen if you were unable to run your business or wanted to pursue other endeavors? Succession planning is…

First Horizon Foundation to award $1.6M to nonprofits

First Horizon Foundation, the private charitable foundation of Memphis, Tenn.-based bank holding company First Horizon Corp., will distribute $1.6 million to nonprofit organizations within the company’s footprint. The Grants for…

Then & Now: Longtime banker looks forward to retirement

Editor’s Note: The following story appeared in the March 25 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…

Hadron Insurance names Sam Reeder to CEO post

Specialty insurer Hadron announced Friday (April 5) the appointment of Sam Reeder as Chief Executive Officer. Hadron recently received a new capital investment of $250 million from Altamont Capital Partners…

Trenna Barker named NLR market president for First Security Bank

Trenna Barker has been named president of First Security Bank North Little Rock, the Searcy-based bank announced Thursday (April 4). She replaces John Davis, who recently announced his retirement. Barker,…

Tempus Realty Partners pays $50.9M for 3 industrial properties

Little Rock-based real estate investment partnership Tempus Realty Partners announced details of a $50.9 million multi-state acquisition on Wednesday (April 3). According to a news release, the fully leased industrial…

Forbes: Arkansas’ richest families see wealth grow

Jim Walton, 75, and his family, which includes sons Tom and Steuart, ranked No. 18 on the Forbes Billionaire List for 2024 at $78.4 billion. Walton is the youngest son…

Arkansas Tourism Ticker: Tourism tax numbers down through August, job numbers up

Acres.com, ULI NWA establish partnership

Connections: Yellow Rocket Concepts hosts gift card fundraiser

Coon Supper, pre-event reception scheduled for Jan. 10