Finance

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…

Legacy National Bank fortifies leadership team with trio of executive promotions

Springdale-based Legacy National Bank announced three promotions on Tuesday (April 2) to bolster its executive leadership team. Derek Gibson is the company’s new chief operating officer, Jeremy Woody is the…

Securities Department orders California firm to cease activities in Arkansas

The Arkansas Securities Department ordered Sigue Corp. of San Fernando, Calif., to cease engaging in money transmission activities in Arkansas. The state regulatory agency said the company can no longer…

J.B. Hunt CEO John Roberts earns 2% base pay bump

John Roberts, CEO of Lowell-based carrier J.B. Hunt Transport Services Inc., received a 2.3% base salary increase in 2023, but his total compensation declined by 10.7% to $8.25 million, according…

FBT Bank adds two to board of directors

FBT Bank (FBT) announced Tuesday (March 26) the addition of two new members to its Board of Directors. Charles Anderson and Lynn Wilson, both small business owners in southeast Arkansas,…

Jonesboro’s sales and use tax collections down 4.5% in February

Nearly every month for almost a decade Jonesboro’s sales and use tax collections have outpaced the same month from the previous year and that has led to unprecedented growth with…

Homeowners buck moving trend, opt for upgrades amid high interest rates

According to the National Association of Realtors, more homeowners are less likely to move amid high interest rates, low inventory and stable prices. Instead, they are opting to improve or…

Laura Merling, Arvest Bank’s chief transformation officer, departs company

Laura Merling, chief transformation and operations officer at Bentonville-based Arvest Bank, is no longer with the company. On Friday (March 15), a bank spokesman confirmed Merling’s departure in February in…

Arvest Bank elevates Kevin Sabin to chairman; Matt Machen appointed president and COO

Jim Walton, board chairman of Walton family-owned Arvest Bank of Bentonville and Fayetteville-based Arvest Bank Group Inc., the holding company for the bank and several related entities, is taking on…

The Stephens Group promotes two to managing director roles

The Stephens Group, LLC announced Tuesday (March 12) the promotions of Allie Laborde to Managing Director – Business Development and Ryan Morrow to Managing Director. Laborde joined the company in…

To retire right, switch focus from saving to planning how to spend

When it comes to retirement, most of the focus is on saving because helping clients save diligently throughout their working years provides a financial cushion, ensuring that they have the…

Tyson Foods issues $1.5 billion in senior debt

Springdale-based Tyson Foods issued $1.5 billion in new debt with $600 million of senior notes due 2029 and $900 million in longer-term debt due 2034. Tyson said it will use…

$12 million Wolf Creek apartment sale tops recent Craighead County property deals

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

LR Fed official praises Warsh start amid economic uncertainty

Beechwood Hospitality starts operating Fayetteville hotel

Crystal Bridges names 3 to executive leadership jobs

Lawrence Healthcare hires Anthony Knighton as president