Finance

$17.15M land purchase sets stage for 200-acre new urbanism project in Rogers

A 202-acre pastureland site west of Interstate 49 in Benton County is in line for a significant development project over the next decade. A local investment group closed a deal…

Stockton Agency Partners in Bentonville joins Dallas-based Integrity

Integrity Marketing Group, a Dallas-based distributor of life and health insurance and provider of wealth management and retirement planning services, recently acquired Bentonville-based Stockton Agency Partners. Financial terms of the…

NewRoad Capital Partners hires former Walmart exec Bob Arvin

Rogers firm NewRoad Capital Partners, Arkansas’ largest private equity fund, has hired Bob Arvin as a strategic advisor. According to a news release Thursday (Aug. 24), Arvin brings NewRoad’s roster…

Generations Bank hires new market president for Rogers

Rogers-based Generations Bank has hired Josh Vasquez as the company’s market president in Rogers. He replaces Max Harrell, who was elevated recently to chief growth officer. Most recently, Vasquez was…

Harriet and Warren Stephens Family Foundation gifts $25 million to Episcopal Collegiate School on 25th anniversary

Last week on its 25th anniversary, the Episcopal Collegiate School of Little Rock’s foundation was gifted $25 million by the Harriet and Warren Stephens Family Foundation. The donation commemorated the…

First Security Bank promotes Brad Edwards and Aaron Bell

First Security Bank has promoted Brad Edwards to senior vice president, credit risk officer. Edwards led First Security’s entry into the Jonesboro market upon joining the company 17 years ago…

Analysts remain mixed on Walmart share price

Walmart shares recently reached a 52-week high of $162.78, only to fall fast on Aug. 17 after the retailer reported fiscal second-quarter earnings. Some analysts cheered the second-quarter results, while…

Gunnels joins Carty & Co. in Little Rock

Brian Gunnels has joined Carty & Company’s Little Rock office as a Senior Vice President. Gunnels will focus on institutional sales and municipal trading while also trading USDA and SBA…

Arvest Bank establishes centers of excellence to focus on specific industries

Fayetteville-chartered Arvest Bank has established new initiatives dubbed “centers of excellence” focused exclusively on the healthcare and food value chain industries. Geordie Sanborn, with over 15 years of healthcare sales…

Then & Now: Morrison enjoying HR after mortgage career

Editor’s Note: The following story appeared in the July 31 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…

New State Treasurer wants to serve office’s customers better

Don’t look for new Treasurer of State Larry Walther to make big changes to the office he’s been appointed. He doesn’t believe in messing up a good thing and he…

Gov. Sanders appoints Lewis to head Parks, Heritage and Tourism, Marshall to lead Securities Department

Gov. Sarah Sanders announced Friday (Aug. 11) that Shea Lewis will serve as Secretary of the Arkansas Department of Parks, Heritage and Tourism and Director of State Parks. Lewis has…

State of the State Mid-Year 2023: Banks reacting to the Fed

Editor’s note: The State of the State series provides reports twice a year on Arkansas’ key economic sectors. The series publishes stories to begin a year and stories in July/August…

$3 million commercial property tops recent Craighead County deals

Long Point Enterprises LLC made the most significant residential and commercial property transfer in Craighead County, from June 15 through July15, according to the Craighead County Assessor’s Office. The company spent…

Jim Hudson named by governor as DFA Secretary

Gov. Sarah Sanders Monday (Aug. 7) announced that Jim Hudson will serve as chief fiscal officer and secretary of the Arkansas Department of Finance and Administration. He replaces Larry Walther,…

Arkansas Securities Department announces plans for Lear Capital bankruptcy victims

The Arkansas Securities Department (ASD) announced that investors who purchased retail precious metals from Lear Capital will receive compensation as a part of Lear’s bankruptcy plan. State securities regulators had…

ADFA awarded $75 million in federal tax credits to create low income housing

The Arkansas Development Finance Authority (ADFA) recently awarded more than $75 million in federal Low-Income Housing Tax Credits (LIHTC) that will generate approximately $64 million in equity. The LIHTC were…

Gov. Sanders names DFA Secretary Larry Walther as Treasurer

Gov. Sarah Sanders on Thursday (Aug. 3) appointed Arkansas Department of Finance and Administration (DFA) Secretary Larry Walther to fill out the term of the late Treasurer of State Mark…

Then & Now: Knight a ‘sought-after’ mentor at Stephens Inc.

Editor’s Note: The following story appeared in the July 17 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…

Jonesboro sales tax collections up 5.5%

Jonesboro continues to collect sales and use tax at record rates each month, but those collections are underperforming the budgeted expectations for the year to date. The city tallied $2.160…