Banking & Finance

Downtown Residence Inn Draws $17.5 Million Sale (Real Deals)

Downtown Residence Inn Draws $17.5 Million Sale (Real Deals)
The Residence Inn by Marriott at 219 River Market Ave. in Little Rock.

Ownership of a 107-room hotel in downtown Little Rock shifted in a transaction valued at $17.5 million. The sale of a west Little Rock auto dealership weighed in at $6.4 million.
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Four Winners Named at Helena Startup Challenge

Four Helena-West Helena businesses were named winners and split $80,000 in prize money at Southern Bancorp's Helena Startup Challenge.
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CareLink Elects Board Directors (Movers & Shakers)

John Davis, president of First Security Bank in North Little Rock, has been elected to the CareLink board of directors, and Stacy Duckett of Southwest Power Pool has been named chair of the 2015 board.
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Asa Hutchinson Names Mike Preston as New AEDC Director

Gov. Asa Hutchinson on Thursday announced Mike Preston as the new executive director of the Arkansas Economic Development Commission. Preston previously served as director of government relations for Enterprise Florida. read more >

Incentives Boost Pay for Bank of the Ozarks' Executives

Each of Bank of the Ozarks Inc.'s named executive officers saw increases in total compensation in fiscal 2014, according to a proxy filed Thursday with the U.S. Securities and Exchange Commission. read more >

Little Rock Burgundy Book Shows Optimism

The Federal Reserve Bank of St. Louis' latest Burgundy Book showed "improving optimism" in the Fed district's Little Rock Zone, which includes all but the northeast part of the state. read more >

Arkansas State University to Hold Women's Business Leadership Conference April 2

Arkansas State University in Jonesboro is holding a Women's Business Leadership Conference on April 2 in Centennial Hall at the Carl R. Reng Student Union and at the Delta Center for Economic Development. read more >

Lindsey's Resort Closes Amid $3M Foreclosure Lawsuit

Lindsey's Resort on the Little Red River in Heber Springs has announced that it is closing, the result of a $3 million foreclosure lawsuit filed by its bank. read more >

Developers See Surge In Northwest Arkansas Activity

Cody Crawford, the president of C.R. Crawford Construction of Fayetteville, has his hands full with work these days. He's not alone — the region is showing signs of shrugging off the hangover of the recession. read more >

Beall Barclay Adds Two to Team (Movers & Shakers)

Josh Masters has been admitted as a member of Beall Barclay & Co. PLC, and Travis Teague has been admitted as a member of Beall Barclay Wealth Management LLC, both in Fort Smith. read more >

US Fed Cuts Forecast for Unemployment Rate Over Long Run

The Federal Reserve forecasts that the U.S. unemployment rate can now fall further without spurring inflation, a sign that it may move slowly in raising interest rates. read more >

Millie Ward of Stone Ward on 40 Years in Advertising

Millie Ward, president of Stone Ward of Little Rock, has been in the advertising business for 40 years and she was recently inducted into the University of Arkansas Business Hall of Fame. But spend any time with her and you'll see — it's subtle, noticeable only in retrospect — that she'd rather tell her clients' stories than her own. read more >

State Treasurer Dennis Milligan Pays $1,000 Fine for Hiring Relative

Arkansas Treasurer Dennis Milligan has agreed to pay a $1,000 fine for hiring his cousin to work in the treasurer's office and is reimbursing the state nearly $7,000 in salary his cousin was paid. read more >

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