Finance

Kum & Go property sells for $7.22 million

Johnson LLC made the most significant residential and commercial property transfer in Craighead County from Dec. 15 to Jan. 15, according to the Craighead County Assessor’s Office. The company spent…

Tort reform measure clears House Judiciary panel

A bill that would only allow an injured plaintiff to recoup the medical bills that are paid by an insurer was debated and approved in a special order of business…

St. Louis Fed Little Rock branch makes changes to board of directors

The Federal Reserve Bank of St. Louis has announced the following changes to its Little Rock Branch board of directors, effective January 2025. Allison J.H. Thompson, president and CEO of…

Encore Bank promotes Massad, Howe to regional banking officers

Little Rock-based Encore Bank promoted Marc Massad and Chris Howe to regional banking officers, roles that will expand their duties from Colorado to Florida. “Marc and Chris have consistently demonstrated…

Real estate executives highlight 2025 report insights, issues

A recent real estate report surveyed participants who were optimistic that federal funds rate cuts would lead to a decline in long-term mortgage rates, but there’s been a divergence in…

White River Bancshares’ fourth quarter net income up over 130%

Fayetteville-based White River Bancshares Co., the holding company for Signature Bank of Arkansas, posted triple-digits earnings increases in the fourth-quarter and for 2024, the second-best year of earnings for the…

Stone Bank officially opens new Little Rock headquarters

Stone Bank invited the public to tour its newly remodeled Little Rock headquarters on Tuesday (Jan. 21) at an official ribbon cutting. The new location, at 12615 Chenal Parkway, in…

Fourth quarter income up 102% for Simmons First, full year income down 14.3%

Simmons First National Corp. on Tuesday (Jan. 21) posted fourth quarter net income of $48.3 million, well above the $23.9 million in the same quarter of 2023. Earnings per share…

Cross Bank appoints Jason Bland as chief retail officer

Cross Bank, based in Wynne, has hired Jason Bland to serve as chief retail officer, overseeing staff throughout their 10 locations. Bland comes to Cross Bank with more than 20…

First Western Bank names Willie Cowgur as Bentonville market president

First Western Bank named Willie Cowgur as Bentonville market president on Tuesday (Jan. 21). Cowgur joined First Western Bank in April 2022 as senior vice president, business development officer. He…

Tyler Spoon promoted to community president for The Bank of Fayetteville

Stuttgart-based The Farmers & Merchants Bank and The Bank of Fayetteville have named Tyler Spoon the community president in the Fayetteville region, according to a Tuesday (Jan. 21) news release….

First National Bank of Fort Smith the first partner in ACHE Adopt a Scholar program

The Arkansas Colleges of Health Education (ACHE) has launched a new Adopt a Scholar program, an innovative $100,000 recruiting scholarship initiative designed to attract top-tier talent to the Arkansas College of Osteopathic…

Matt Reddin joins DD&F Consulting Group as managing principal

DD&F Consulting Group announced the appointment of Matt Reddin as Managing Principal. Reddin will lead DD&F’s Community Banking Division. Reddin is a banking executive with more than two decades of…

2024 net income up almost 4% at Bank OZK

Full-year net income at Little Rock-based Bank OZK was $700.269 million, a record for the bank company and up 3.8% compared with 2023 net income. Per share earnings in 2024…

Sales tax collections slightly lower year-over-year in Jonesboro, Craighead County

For one of the rare times during the last decade and a half, Craighead County and its seat Jonesboro, collected less yearly sales and use taxes – but barely. The…

Home BancShares net income up 2.7% in 2024, sets new record

Conway-based Home BancShares ended 2024 with net income of $402.241 million, up 2.7% compared with 2023, and a record for the bank holding company. Fourth quarter per share earnings of…

Sterling Bank opens a branch In Bentonville

Popular Bluff, Mo.-based Sterling Bank recently opened a three-story, full-service branch at 1001 S. Walton Blvd. in Bentonville. Scott Spencer, president and CEO of Sterling Bank, said this is the…

Oak Tree Financial acquires Riverside Bank

Rogers-based holding company Oak Tree Financial Corp. has acquired Riverside Bank, which has branches in Little Rock and Sparkman, Ark. Financial terms of the deal were not disclosed. As of…

AcreTrader’s newest product, Acres.com, generating huge growth

Farm real estate investment company AcreTrader is one of Arkansas’ best modern-day startup success stories, but founder and CEO Carter Malloy says the Fayetteville-based company’s newest iteration, Acres.com, has already…

BSR REIT acquires Texas apartment property for $61 million

BSR Real Estate Investment Trust acquired The Venue Craig Ranch Apartments in the fast growing McKinney submarket of the Dallas/Fort Worth metro area for $61 million. The Venue is a…