Finance

Five named to Arkansas Insurance Hall of Fame

The Arkansas Insurance Hall of Fame has announced the 2021 class of inductees. Five new inductees will be honored at the Induction Banquet on Thursday, Oct. 21, 2021 at the…

Farmers & Merchants Bank adds three to board of directors

Farmers & Merchants Bank announced Wednesday (Aug. 18) that Meg Johnston, Sam Tarkington, and Kirk Vansandt have been named to the bank’s board of directors. Farmers & Merchants Bank, headquartered…

ReMix Ideas, FORGE Community Loan Fund partner to help under-resourced entrepreneurs

ReMix Ideas has partnered with FORGE Community Loan Fund, a Community Development Financial Institution, to create a pilot program called the Imani Fund which will provide under-resourced entrepreneurs in Arkansas…

Baledge Properties acquires shopping center in $3 million deal

Baledge Properties Inc. made the most significant residential and commercial property transfer in Craighead County, from June 15 through July 15, according to the Craighead County Assessor’s Office. The company…

Arkansas Community Foundation adds 3 to board

The Arkansas Community Foundation added three new members to its state board. They include Lisa John-Adams of Blytheville, Dr. Eduardo R. Ochoa of Little Rock, and Dr. Jack Porter of…

Simmons Bank adds 11 to commercial finance team

Simmons Bank announced Tuesday (Aug. 10) the addition of an experienced 11-member commercial finance team led by industry veterans Lee Palm, Brian Shapiro and Phil Mulder. Palm will lead the…

Sunstar Insurance partners with Campbell & Co. Insurance

Sunstar Insurance Group, LLC announced a new partnership with Campbell & Company Insurance on Monday (Aug. 9). Headquartered in Little Rock, Sunstar Arkansas nearly doubles its roster with 87 employees…

UA Little Rock provides half-off tuition scholarships

The University of Arkansas at Little Rock is implementing several new student aid initiatives it says will help make college more affordable for students. The new student aid initiatives include…

Securities Commissioner halts fraudulent, unregistered activity for MyCapitaltradeFx

Arkansas Securities Commissioner Eric Munson entered a Cease-and-Desist Order against MyCapitaltradeFX.com Thursday (Aug. 5) for promoting fraudulent investment plans and using fraudulent means to target Arkansas investors. In addition to…

Westrock Coffee Company creates financial shared services center

Westrock Coffee Company announced Tuesday (Aug. 3) the creation of a Financial Shared Services Center in Concord, North Carolina. The division will support the company’s domestic operations. Westrock Coffee acquired Concord-based…

BSR REIT acquires Dallas apartment community for $82.75 million

Little Rock-based BSR Real Estate Investment Trust announced Thursday (July 29) that it has acquired Hangar 19 Apartments, a garden style residential community with 351 apartment units in the Dallas/Fort…

Rob Woods named Bentonville/Rogers city president by Citizens Bank

Batesville-chartered Citizens Bank has hired Rob Woods to lead operations in its Rogers and Bentonville markets in Northwest Arkansas. The bank has one Benton County office at 3350 S. Pinnacle…

P.A.M. plans purchase of up to 200,000 shares of stock

Tontitown-based carrier P.A.M. Transportation Services Inc. announced Tuesday (July 27) the start of a modified Dutch auction tender to offer to purchase up to 200,000 shares, or about 1.7% of…

Simmons First sees net income jump 27%

Simmons First National Corp. reported Tuesday (July 27) second quarter net income of $74.9 million. One year ago, the Pine Bluff-based financial institution posted quarterly net income of $58.8 million….

John Erck leaving Walton College of Business to lead fundraising efforts at UAMS

The University of Arkansas for Medical Sciences said Monday (July 26) that John Erck has been hired as vice chancellor for institutional advancement. Erck is senior director of development and…

Quarterly income and revenue for Bank OZK beat estimates

Little Rock-based Bank OZK on Thursday (July 22) posted second quarter net income of $150.535 million, well ahead of the $50.266 million in the second quarter of 2020. The multi-state…

Franklin McLarty-led firm to lead public offering of vehicle protection plan merger

PayLink Direct and Olive.com, affiliated businesses and leaders in payment services and online vehicle protection plans, announced Wednesday (July 21) they will go public in a business combination with MDH…

Southern Hills land sale tops $1.4 million

The KG Store 2392 LLC made the most significant residential and commercial property transfer in Craighead County, from May 15 through June 15, according to the Craighead County Assessor’s Office….

Then & Now: Lorence helps clients reach financial goals

Editor’s Note: The following story appeared in the July 5 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…

Net income up 26% at Home BancShares, loan growth declines

Home BancShares, the parent company of Centennial Bank, posted second quarter net income of $79.1 million, up 26% from the $62.8 million in the same quarter of 2020. The gain,…