Finance

Bank OZK reports record Q2 earnings

Bank OZK announced Thursday (July 20) that net income for the second quarter of 2023 was a record $167.9 million, a 26.9% increase from $132.4 million for the second quarter…

Home BancShares produces healthy Q2 profits

After completing its big Texas merger, riding rising interest rates and navigating mixed signals in the economy, Home BancShares posted healthy second quarter profits. The Conway-based financial institution, parent company…

St. Louis Fed chief James Bullard steps down

Federal Reserve Bank of St. Louis President and CEO James Bullard is leaving his post effective Aug. 14 to become the inaugural dean of the Mitchell E. Daniels, Jr. School…

UMB Bank hires Jeffrey Hendricks in corporate trust division

UMB Bank has hired Jeffrey Hendricks as vice president, relationship manager in the Corporate Trust division. Hendricks is responsible for day-to-day administration of a book of trustee and escrow agent…

Real Deals: Investors buy senior living property in Rogers for $5.82M

A multifamily transaction in Rogers tipped the scales at $5.82 million. Natural Capital of Little Rock bought the eight-acre development at 2000 W. Savannah Drive. Tom Embach of Leisure Homes…

Development facility, storage units top recent deals in Craighead County

Skyfooze3 LLC made the most significant residential and commercial property transfer in Craighead County, from May 15 through June15, according to the Craighead County Assessor’s Office. The company spent $4.5…

Generations Bank appoints Penzo, Harrell to C-Suite roles

Rogers-based Generations Bank announced appointments for two new company positions Wednesday (July 12). Bryant Penzo is now chief strategy officer, and Max Harrell is chief growth officer. “This is an…

Gov. Sanders re-appoints Susannah Marshall as State Bank Commissioner

Gov. Sarah Sanders has re-appointed Susannah Marshall as Commissioner of the Arkansas State Bank Department. Marshall is the 22nd Bank Commissioner of Arkansas. Marshall has served as the Arkansas State…

2023 Arkansas Insurance Hall of Fame announced

The Arkansas Insurance Hall of Fame announced Tuesday (July 11) its 2023 class of inductees. Six new inductees will be honored at the 2023 Induction Banquet on Thursday, Oct. 19,…

Summit Utilities announces Bob Gunderman as Chief Financial Officer

Summit Utilities has named Bob Gunderman as the company’s new Chief Financial Officer. He will be based in Little Rock. Gunderman is the former CFO of Windstream Holdings and has…

Senior Market Sales acquires Little Rock-based The ASA Group

Omaha-based Senior Market Sales (SMS) has acquired The ASA Group, a Little Rock-based brokerage general agency serving insurance and financial planning professionals across the country for more than four decades….

Jonesboro sales tax collections up nearly 7% at midyear point

During the first six months of 2023, sales and use tax collections have remained better than all-time highs collected for the first half of any year and budget projections are…

Graycen Bigger hired as FNBC’s strategic partnerships assistant vice president

Graycen Bigger has been hired by FNBC as its new strategic partnerships assistant vice president where she will work closely in support of the bank’s CDFI-designation. In this newly created…

Economics Arkansas adds eight to board of directors

The board of directors for Economics Arkansas added eight new members at its May meeting. The appointments took effect on June 1, 2023. The new board members include: Matuschka Lindo…

Mitchell Williams adds attorneys to national insurance regulatory practice

Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C., a law firm with offices in in Little Rock, Rogers and Jonesboro as well as Austin, Texas, has added attorneys David Donahue, Jeff…

ASU College of Agriculture receives donation to teach agri investing

The College of Agriculture at Arkansas State University has received a gift of nearly $103,000 from Lynn native and A-State alumnus Dr. J.B. Penn. The funds will be used to…

Citizens Bank hires Chris Treat as president of trust division

Batesville-based Citizens Bank hired longtime banking and investment professional J. Chris Treat as president of the trust division. Treat will be responsible for the division’s growth, profitability, business retention and…

Stone Bank purchases former Bank OZK headquarters building

Stone Bank has acquired the building at the corner of Chenal Parkway and Markham in west Little Rock for $9.5 million. The building was originally built as the headquarters for…

Jonesboro continues record sales tax collection streak, but overall projection is slightly down for year

Sales and use tax collections slightly dipped during the month of May in Jonesboro. The city collected $2.17 million during the month, a 1.4% ($31,000) drop from the previous May….

Arvest launches product for first-time homebuyers

Fayetteville-chartered Arvest Bank has launched the Arvest Homebuyer Advantage, a product aimed at helping first-time homebuyers with insufficient down payment funds. The new tool is a joint venture with the…

Survey: 35% of American workers do some or all work from home

Crenlo moves HQ to Bentonville from Minneapolis

NWA Council, Apprenticely to host startup hiring event in July

Survey provides insight into economic ‘risk & reality’ for women