Investors Pay $3.9M For Convenience Store (NWA Real Deals)
Two Jonesboro investors paid $3.9 million for the Kum & Go convenience store at 2388 N. College Ave. in Fayetteville. read more >
Banking & Finance
Two-Thirds of Arkansas Counties Lose Residents
Two-thirds of Arkansas' counties lost population between 2012 and 2017, according to the U.S. Census Bureau. read more >
Banks Beware: A $67,000 Mistake (Jake Fair Commentary)
Account garnishments are a common and routine occurrence for many financial institutions, and one Arkansas bank is now taking a financial hit due to a routine garnishment. read more >
Regulators Approve Capital Bank Name Change to Encore Bank
The Capital Bank in Little Rock says that the state Bank Department has approved its name change to Encore Bank. read more >
Multifamily Unit in Little Rock Secures $26.1M Loan
Grandbridge Real Estate Capital of Charlotte, North Carolina, recently facilitated the closing of a $26.1 million new construction loan secured by The Residences at Harbor Town Apartments, a 175-unit multifamily community in Little Rock. read more >
Chambers Bancshares to Acquire River Town Bank
Chambers Bancshares Inc. of Danville said Wednesday that has agreed to acquire Bank of Dardanelle Bankshares Inc., the parent company of River Town Bank. read more >
Simmons First Says Quarterly Net Income Fell 7 Percent
Simmons First National Corp. of Pine Bluff announces first-quarter net income of $47.7 million, down 7 percent from the same quarter last year. read more >
Former OZK Exec Tyler Vance Taking Inspired Advance
Former Bank OZK COO Tyler Vance says he's beginning a new chapter in his life, becoming a pastor at Fellowship Bible Church's Cabot campus. read more >
Conway Airport Meeting Expectations
Almost five years after it opened, the Conway Municipal Airport at Cantrell Field is living up to expectations, city and economic development officials say. read more >
Arrow's Edge Transaction Surpasses $4.1M (Real Deals)
An affiliate of Altus Equity of Santa Rosa, California, purchased the 118-unit Arrow's Edge Apartments at 300 Indianhead Cove for $4.1 million. read more >
Building For Tomorrow (Gwen Moritz Editor's Note)
Europe is still on my bucket list, so I'll never see Notre Dame as she was before last Monday. But, as horrific as the flames looked against the Paris night, the dawn brought renewed hope that a landmark that is centuries older than our country can be restored. read more >
Integrity First Transaction Tops $80M
The pending sale of Mountain Home's Integrity First Bank to Stuttgart's Farmers & Merchants Bank represents a book value multiple of 1.43. read more >
First Security Expands in Russellville; Southern Bancorp Makes Push Into Glenwood
First Security is increasing its presence in Russellville. Arkadelphia's Southern Bancorp Bank is continuing its branch expansion into southwest Arkansas via Glenwood. read more >
Jason Marshall Brings BBB Service to The ASA Group (Movers & Shakers)
Jason Marshall has joined The ASA Group in Little Rock as a brokerage manager. read more >
Randy Sims Named Vice Chairman of Home BancShares
Home BancShares Inc. of Conway, parent company of Centennial Bank, said Friday that Randy Sims, CEO and president of Home BancShares, has been named to vice chairman of Home BancShares and executive chairman of Centennial Bank. read more >
Merger to Add First Delta Bank Branches to Armor Bank in 2020
Big Creek Bancshares Inc., parent company of Armor Bank of Forrest City, says that it will purchase Tyronza Bancshares Inc., parent company of First Delta Bank of Marked Tree. read more >
Arkansas Unemployment Drops to 3.7% in March
Arkansas' unemployment rate in March was 3.7%, down one-tenth of a percentage point from the previous month. read more >
Home Bancshares Reports 1Q Earnings of $71.4M
Conway's Home Bancshares Inc. reported first quarter earnings of $71.4 million, a decline of 2.3 percent compared to a year ago. read more >
Bank OZK 1Q Profit Down 2 Percent
Little Rock's Bank OZK recorded first quarter earnings of $110.7 million, a decline of 2.2 percent compared to last year. read more >
Arkansas Business to Honor 2019 40 Under 40 Class
Arkansas Business will once again honor the state's outstanding young professionals at a luncheon for its 40 Under 40 class. You can order tickets here. read more >
Simmons Completes $172M Acquisition of Reliance Bancshares
Simmons First National Corp. completed its $172 million acquisition of Reliance Bancshares Inc. in the St. Louis suburb of Des Peres, Missouri, on Friday. read more >
NWA Regional Airport Authority CEO Joins Fed's Council
Aaron Burkes of Bentonville has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. read more >
Trio Gathers New Money to Relaunch Capital Bank as Encore
As chairman and CEO, Chris Roberts is leading the campaign to rebrand and relaunch Capital Bank with a $50 million stock offering. The 50-year-old banker considers his recent move from Simmons Bank to be a curtain call on his 27-year lending career. read more >
$21M Judgment Follows Collapse of Heartland Bank Deal
In late 2015, Suneet Singal thought he had a great deal with Heartland Bank of Little Rock. read more >
Citizens Sweeps In Former Simmons Execs
Seven commercial lending and treasury management professionals have left Simmons Bank to help Citizens Bank of Batesville beef up its Little Rock operations. read more >
Springdale Hopes Opportunity Strikes
Daniel Hintz knows about revitalizing a city's downtown area and believes a new federal tax program could be just the ticket for Springdale's budding efforts. read more >
Central Arkansas Average Weekly Earnings on Rise
Private-sector workers in the Little Rock-North Little Rock-Conway metropolitan statistical area earned an average of $861.50 each week as of February 2019. read more >
Community Bankers Tap Accelerator for New Tech
Community banks lack the financial and human capital of their larger counterparts to invest in research and development, but they need new technologies all the same. Partnerships with financial technology startups are a practical way to address this need, four of the state's community bankers told Arkansas Business. read more >
$10.5M Sale Brings New Owners to Landings (Real Deals)
An affiliate of Maxus Properties of North Kansas City, Missouri, sold the The Landings at Rock Creek at 13200 Chenal Parkway to companies based out of Midland, Texas. read more >
IberiaBank's Greg Smithers Says Arkansas Markets Especially Competitive
Greg Smithers, the regional president of IberiaBank, says he's amazed by the level of competition in the banking industry in Arkansas. read more >
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