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Ross Whipple Family Gives $1.5M to Arkansas Children’s Hospital

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LITTLE ROCK – Arkansas Children’s Hospital says it has received $1.5 million to help fund an endowed chair dedicated to research.

Mary and Ross Whipple donated the money, which will be matched by the hospital’s research institute board. The chair is designed to support pediatric research in a number of areas.

The hospital announced the gift Monday and said it was in honor of Dr. Richard F. Jacobs. The hospital said it is the first distinguished research scientist endowed chair at Arkansas Children’s Hospital Research Institute.

The full amount of the gift is set aside and its earnings are used to support the chair holder.

Ross Whipple was the chairman and CEO of Summit Bancshares of Arkadelphia, which sold to Bank of the Ozarks of Little Rock in January 2014 in a $216 million deal. The sale marked the second big bank transaction for Whipple, who sold the $551 million-asset Horizon Bancorp Inc. in February 1998 for 3.2 times book value in a $150 million stock swap with Mercantile Bancorporation Inc. of St. Louis.

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