by Gwen Moritz
Posted 7/11/2013 10:32 am
Updated 5 months ago
C. Sam Walls Jr. has retired as CEO of Arkansas Capital Corp. Group in Little Rock after 24 years of service, the company announced Thursday morning.
“I truly believe that the intersection of my path with this company was an extraordinary event,” Walls said. “I needed this company and it needed me. And as I enter retirement, my greatest hope is that the culture and personality I have cultivated will carry on and grow.”
Rush Deacon, who had been chairman of the board of Arkansas Capital Corp., the largest subsidiary of ACCG, is now serving as the acting chief executive officer for the entire group.
Under Walls leadership, ACCG grew from an organization that managed a small portfolio of business loans to an organization that has facilitated more than $1.4 billion in loans to Arkansas businesses. Walls also diversified the organization to include entrepreneurship education, New Markets Tax Credit allocations, high-speed Internet advocacy and a program facilitating foreign investment in Arkansas.
Walls also developed the Donald W. Reynolds Governor’s Cup collegiate business plan competition, which has awarded more than $2 million in cash prizes to students and faculty since its inception in 2001.
“Sam’s commitment to the businesses, entrepreneurs and students of this state is without precedent, and he always conducted himself with the highest level of integrity and dedication while empowering those who worked both for and with him,” Deacon said. “The company has an excellent team of professionals, and I look forward to working with them to foster the organization’s spirit of creativity, innovation, and entrepreneurship that Sam created.”