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Reaves Family Donates $1M to Harding Renovation

2 min read

A Russellville couple has donated $1 million to a project to renovate and expand Rhodes Field House on the Searcy campus of Harding University.

Roy Reaves and his wife, Becky, made the gift in the $2 million construction project slated to begin in November.

Chancellor David B. Burks announced the gift today after working with the couple to secure the funding. Reaves and Burks were classmates at Harding.

Reaves’ banking career spanned more than 40 years of banking management in Arkansas, serving several banks as chief executive officer. He founded First Arkansas Valley Bank in 1997, which later merged with Liberty Bank and then Centennial Bank.

Today he is a cattle rancher and investor and serves on the boards of several community organizations.

Becky Reaves also served Arkansas River Valley Bank customers for 25 years prior to her retirement.

Reaves is a 1965 graduate of Harding with a degree in business administration. He also has an MBA from the University of Arkansas. He currently is serving in his first term as chairman of Harding’s board of trustees.

At its semi-annual May meeting, the board of trustees made the decision to add the Reaves name to the building.

“Members of the board of trustees were unanimous in their decision to add the Reaves’ name to our beloved old gym, making it the ‘Rhodes-Reaves Field House,'” said President Bruce McLarty in a news release.

The Rhodes Field House project involves adding approximately 2,000 square feet to the entrance of the building and a hospitality box on the second level overlooking the reserved seats on the west side of the current structure.

Also part of the project is an 11,000-square-foot addition to the west side of the building. This area will contain a new practice facility and new basketball dressing rooms.

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