Tyson Foods Gives $1M to Downtown Springdale Alliance

Tyson Foods Gives $1M to Downtown Springdale Alliance
An artist's rendering of the Tyson Foods JTL Building in Springdale.

Tyson Foods Inc. has given $1 million to the Downtown Springdale Alliance, the nonprofit working to revitalize the city's original downtown. The company also revealed plans to covert the former Jones Truck Lines terminal into its northwest Arkansas employment center, records management group and company store.
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HanesBrands to Expand in Clarksville, Add 120 Jobs

HanesBrands of Winston-Salem, North Carolina, says it will expand its manufacturing facility in Clarksville, spending $1.4 million on renovations and new equipment and adding 120 new jobs.
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Landowners Seek Ruling On Oil Firm's Eminent Domain Powers

A group of Arkansas landowners has a filed a petition in Johnson County Circuit Court asking a judge to find that Plains All American Pipeline can't use eminent domain to obtain easements for its planned, $900 million crude oil pipeline.
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The List Largest Mortgage Lenders

Largest Mortgage Lenders in Arkansas list ranked by total value. Also includes year-over-year change, number of mortgage locations, total value of mortgages originated, number of mortgages, total value of mortgages serviced and total number serviced.

Rank Name Total $ Value of 2014 Loans (including originations and purchases) % Change
1 Arvest Mortgage Co. 627,000,000 -43
2 IberiaBank Mortgage Co. 418,462,888 -6
3 Simmons First National Bank 383,062,220 -17
4 U.S. Bank Home Mortgage 352,646,978 -55
5 Centennial Bank 309,087,932 -19

Executive Q&A

Phil Baldwin of Citizens Bank Says Nonprofit Experience Adds Perspective to Banking

Phil Baldwin is the president and CEO of Citizens Bank of Batesville. Before joining Citizens Bank, Baldwin was president and CEO of CredAbility, a nonprofit credit counseling agency based in Atlanta.