Finance

Chad Hudson named FNBC president

Chad Hudson has been promoted to president at FNBC Bank becoming the bank’s fourth president during the last 50 years. Hudson has been with Ash Flat-based FNBC since 2011, serving…

High-rate lending environment still provides options

Today’s high interest rate environment doesn’t mean business owners have to cancel or delay planned expansions or projects, but it does mean that more, and earlier, planning is likely required to secure…

Arkansas Securities Commissioner enter cease-and-desist order on fraud scheme

Arkansas Securities Commissioner Susannah Marshall entered a cease-and-desist order to stop an ongoing international scheme involving unregistered, fraudulent securities. The order found that GS Partners Global (GS Partners), Swiss Valorem…

Survey: Majority of U.S. holiday shoppers worry about cyber hacks

As more holiday sales gravitate online the fear increases of data breaches that could put shoppers’ personal data at risk, according to a recent survey report from cloud communications firm…

NWA mortgage originations showing signs of a rebound

According to Attom Data Solutions, mortgage originations in Northwest Arkansas were down about 33% in the third quarter this year compared with the same time last year. That’s a bigger…

Residential land makes up top recent Craighead County property deals

Alpine Income Property OP LP made the most significant residential and commercial property transfer in Craighead County, from Oct. 15 to Nov. 15, according to the Craighead County Assessor’s Office….

Jonesboro on verge of new sales and use tax collections record, but likely to miss budget target

The city of Jonesboro is likely to break its all-time sales and use tax collections record for at least the seventh year in a row. But it is also likely…

Report: Arkansas VC investment surged 117% in 2022

The 2022 Arkansas Capital Scan, released Wednesday (Dec. 6) by the Northwest Arkansas Council, shows a substantial uptick in venture capital to Arkansas-based startups. Since 2020, there has been an…

Southern Bancorp names Walter Pryor as Chief Administrative Officer, General Counsel

Southern Bancorp, Inc. announced Tuesday (Dec. 5) Walter Pryor as its Chief Administrative Officer and General Counsel, a new role that will oversee the operations of administrative functions and legal…

Northwest Arkansas Kiva hub surpasses $1 million mark in loans

The Northwest Arkansas hub of microloan nonprofit Kiva has surpassed a significant milestone by providing over $1 million in interest-free loans to local entrepreneurs. According to a news release, the…

Net income for U.S. banks down 3.4% in the third quarter

The 4,614 U.S. commercial banks insured by the Federal Deposit Insurance Corporation (FDIC) had aggregate net income of $68.4 billion in the third quarter, down 3.4% compared with the same…

Interest rate ripples

I’m usually bullish on my outlook for almost everything in Northwest Arkansas. Our area keeps growing, and we continue to outperform the rest of our state and nation regarding job…

Bets on ‘fierce’ vets: Hivers & Strivers believes military veterans are good investments

Rachel Hobert is in casual attire, wearing a “Make Arkansas Great” ball cap. Levi, her Golden Retriever, laps at the water bowl kindly provided by a waiter at downtown Bentonville…

Miguel Lopez joins Southern Bancorp to lead Latino marketing efforts

Southern Bancorp, Inc. announced Tuesday (Nov. 21) that Miguel Lopez is joining in the new role of Market Strategy Executive, Hispanic/Latino Market, a position that will expand its efforts and…

Bank On Arkansas+ turns 5

A novel program to ease unbanked Arkansans into the banking system turned five years old this fall and, statistically speaking, the state is making major progress. Leaders touted the success…

Encore Bank renames conference room in Rogers to honor late executive

Little Rock-based Encore Bank has renamed a conference room in Rogers to honor of a former executive who died recently. The Patrick Woodruff Conference Room is inside the bank’s branch…

Arkansas Capital Corporation CEO Sam Walls appointed to consumer advisory board

Arkansas Capital Corporation CEO Sam Walls III has been appointed to the Consumer Advisory Board with the Consumer Financial Protection Bureau (CFPB). “I am honored to serve the CFPB in…

Lake City house, acres make up top transaction in Craighead County

Alpine Income Property OP LP made the most significant residential and commercial property transfer in Craighead County, from Sept. 15 to Oct. 15, according to the Craighead County Assessor’s Office….

Your life just changed, so should your finances

There is a myth out there that trusts are ‘set it and forget it.’ The fact is, they should be crafted in a way that reflects your goals, even as…

Farmers and Merchants Bank names Dan Hosman to board

Stuttgart-based Farmers & Merchants Bank has appointed Dan Hosman of Swift Ditch Farms Partnership in Northeast Arkansas to its board of directors. Hosman, of Jonesboro, leads the large rice and…