Finance

Peoples Bank to open in Benton

Peoples Bank of Sheridan announced Wednesday (April 12) it will open a new branch office in Benton and has hired Chris Diaz as Benton Market President and Don Tackett as…

Gov. Sanders signs tax cut measure, extends tax filing deadline for tornado victims

Gov. Sarah Sanders on Monday (April 10) signed a major tax cut bill into law and put forth an executive order to extend state tax filing deadline for citizens impacted…

Signature Bank of Arkansas names Ward new president

Fayetteville-based Signature Bank of Arkansas has a new president and several leadership changes. Brant Ward, previously the chief operating officer, has assumed the new role. Gary Head remains chairman and…

Then & Now: Mason’s career path winds back to Fayetteville

Editor’s Note: The following story appeared in the March 27 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…

Commercial vacancy falls to 5.6% in Northwest Arkansas

According to a new real estate report, commercial vacancy in Northwest Arkansas has declined to the lowest rate since at least 2005. Meanwhile, the issued value of commercial building permits,…

Memphis-based Jones Aur commercial real estate opening LR office

Jones Aur Commercial Real Estate is expanding into Arkansas by opening a new office in Little Rock in April, the company announced Thursday (March 30). Led by local market experts…

Governor, legislative leaders agree on income tax cut

Gov. Sarah Sanders and state legislative leaders on Thursday (March 30) agreed on a $124 million income tax cut that will go into effect this year, if approved. SB549, filed…

Bentonville investor, startup adviser helping entrepreneurs source funding

Paige Jernigan of Bentonville has raised money for nonprofits, individuals and startups around the globe. Since June 2021, she has done that for Bentonville think-and-do-tank Heartland Forward as its first…

Arvest Wealth Management names new chief compliance officer

Arvest Bank announced the hiring Wednesday (March 29) of a new chief compliance officer for broker-dealer Arvest Wealth Management (AWM). Kendra Cain started the job on March 20. Her predecessor,…

Chase begins hiring for 2 more NWA branches

The consumer banking division of New York-based JPMorgan Chase & Co. is hiring to fill positions for its second and third branches that are expected to open this year in…

Jonesboro sales tax collections rise more than 14% in March

Sales and use tax collections accelerated in Jonesboro during the month of March, according to records released by the city. About $2.026 million in sales and use tax was collected,…

Mach 1 Financial Group makes move from Bentonville to Rogers’ MetroPark

Mach 1 Financial Group, a registered investment adviser (RIA), recently relocated its office from Bentonville to Rogers. The company occupies 10,700 square feet of a 41,000-square-foot office building at 1001…

Joint Budget Chair containing spending growth, hopes to slice top tax rate to 4.5 percent

Sen. Jonathan Dismang, R-Beebe, co-chairman of the Joint Budget Committee still hopes the regular session will adjourn by April 7 with a successful funding of schools, prisons and another income…

State commissioner monitoring national bank stress, confident in Arkansas banking system

Arkansas State Bank Commissioner Susannah Marshall is keeping an eye on the national banking turmoil of the last few weeks surrounding Silicon Valley Bank of California, Signature Bank of New…

Ark Angel Alliance adds two to board, names new chair

The Ark Angel Alliance recently announced Amy Hopper Swan, Program Manager for the Arkansas Research Alliance (ARA), as the new board chair for a two-year term. The Ark Angel Alliance…

Revenue & Tax chair floats tax credit proposal, ready to move on balanced budget

State Senator Jimmy Hickey, R-Texarkana, said legislative leaders are ready to move forward with the state’s balanced budget process even though major policy objectives like prison and sentencing reform and…

Eyes on NWA: 2023 home prices to rise at least 5% in top markets, NAR says

The National Association of Realtors (NAR) recently named Northwest Arkansas, or the Fayetteville-Springdale-Rogers metro, as a top real estate market to watch in 2023. According to NAR, Atlanta shows the…

NWA mortgage activity drops for 9th consecutive quarter

According to Attom Data Solutions, mortgage lending in Northwest Arkansas continues to decline after inflation fueled soaring home-loan rates. The California company, which tracks national housing and foreclosure data, issued…

Record sales tax growth continues in Jonesboro but budgeted revenues are down

The city of Jonesboro crushed its all-time monthly sales and use tax collection record in February. The city collected $2.635 million, an 8.8% ($212,546) uptick compared to the previous high…

Trent Brown named FNBC’s community president in Jonesboro

Trent Brown has been named community president for FNBC’s Jonesboro market. FNBC branched into Jonesboro in 2018 and opened its new, full-service office in 2021. “Trent’s banking knowledge coupled with…

Little Rock Tech Park announces new leadership

Bentley Story named director of industrial accounts at Entergy Arkansas

Conductor selects startups for 10x Growth Accelerator

AG Griffin announces $45 million settlement with Block, Inc.