Tag: Banking & Finance

Colorado Investors Buy Former World Gym For $5.26M

The vacant 48,000-SF special purpose building in Lowell was picked up by WCG Empire LLC of Fort Collins, Colorado.

Business Forecast Luncheon Scheduled Jan. 29 in Rogers

Economists Michael Drury, Kevin Kliesen and Kathy Deck will speak at the 22nd annual luncheon.

Arkansas Banks Reserve Ratio Ranks Second in Eighth District

In the third quarter, Arkansas banks collectively had a loan loss reserve ratio of 1.3 percent.

St. Louis Fed Releases Little Rock Burgundy Book

Reserve Bank of St. Louis on Friday published its latest Little Rock Burgundy Book, a quarterly review of economic information for the Little Rock Zone of the Eighth District.

Anstaff Bank Acquisition of Twin Lakes Bank Officially Approved

The banks will continue to operate separately, and there are no plans to make changes to customer accounts at this time.

Bob King Elevated to Top Post At The Bank of Fayetteville

King, a BOF employee since 1999, will hold the title of community bank president. He replaces Mary Beth Brooks, the banks former president and CEO who resigned effective Nov. 30.

Walmart Wage Increase Includes Raises to 39,000 Arkansans

Bentonville retailer Wal-Mart Stores Inc. is making a $2.7 billion investment over the next two years in its U.S. workforce, including more than $64 million for 39,000 Walmart workers throughout Arkansas.

Arkansans Use Low Gas Prices to Increase Savings

Arkansas consumers increased their savings rates between March and Sept. thanks to lower gas prices, and anticipate taking on more auto loans and credit card debt in the next six months.

United Bank Taps Arizona Banking Veteran as New CFO

Paige Mulhollan comes to Northwest Arkansas after spending the last three decades in Arizona, where he served as a senior financial officer at several banking institutions.

Rogers Warehouse Development Tips Scales at $2.5 Million

The six warehouse buildings total 117,759 SF, representing a purchase price of $21.27 per SF.

Arkansas Banks Set Pace in Regional ROA, ROE Rankings

In the third quarter of 2015, the average return on assets for Arkansas banks was 1.25 percent, and the average return on equity was 10.31 percent.

Tyson Foods Promotes Garrett Olson to Vice President

He will be responsible for supporting Tysons retail leadership team with key financial insights to drive the retail packaged brands groups strategic decisions, the company said.

James Patterson, Don Rice to Receive UA Honorary Degrees

The best-selling author and African-American entrepreneur will be honored during the December commencement at the University of Arkansas in Fayetteville.

Arkansans Cautiously Optimistic on Personal Finances

Arvest Consumer Sentiment Survey reports that 56 percent of Arkansas consumers expect their personal financial situation to remain the same over the next 12 months, while 28 percent expect improvement over that same period.