SBA Names Arkansas Capital As New SBLC Licensee
Arkansas Capital Corporation is one of three new Small Business Lending Company (SBLC) licensees — the first expansion of the SBLC program in 40 years. read more >
Reed to Lead Market in Washington County for Grand Savings Bank
Grand Savings Bank of Grove, Oklahoma, has appointed Dale Reed as market president to lead western Washington County. read more >
Southern Bancorp Names Charles Blake As Little Rock Market Executive
Southern Bancorp Inc. names former state legislator Charles Blake as its Little Rock market executive. read more >
RiverWind Bank Names Casey Cullipher CEO
RiverWind Bank of Augusta promotes Casey Cullipher to CEO and president. read more >
US Consumers Feeling Slightly Less Confident in October
American consumers are feeling increasingly less confident these days as fears of an oncoming recession remain elevated. read more >
Report: US Wages Rose at Solid Pace This Summer
Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve’s fight against inflation. read more >
Nabholz to Build $10M Arvest Bank Office in West Little Rock
This week's quad of million-dollar construction contracts kicks off with a 25,000-SF bank office in west Little Rock. read more >
The Case for Mentorship (Barry Goldberg on Leadership)
A mentor program at a company can develop new talent and increase its impact and effectiveness. read more >
by Barry Goldberg -
More Retail, Food Set for Pinnacle Hills (NWA Real Deals)
The project will feature 80,000 SF of retail space, anchored by a 37,000-SF Whole Foods store and two North Carolina-based restaurants: Firebirds Wood Fired Grill of Charlotte and Tupelo Honey Southern Kitchen & Bar of Asheville. read more >
by Marty Cook -
Alliance Claims $1.3B in Arkansas Impact
The Arkansas Research Alliance is a nonprofit that addresses the state’s need to attract, retain and recognize research talent. read more >
by Lara Farrar -
Jason Allen Named Chief Commercial Officer at Arkansas Electric Cooperatives (Movers & Shakers)
He will provide executive direction to the member-owned cooperative’s utility sales and services division. read more >
Plans for DeWitt Bitcoin Mine Taking Shape Amidst Foreign Ownership Concerns
The digital currency mine in development by Jones Digital LLC is on an acre of land in DeWitt owned by Little Rock attorney Lyle D. Foster, who said he was unaware of any foreign ownership. read more >
Arkansas Hospitals Offer Fewer Places to Give Birth
Some hospitals are closing their obstetric units due to financial struggles, creating “maternity deserts” in Arkansas and beyond. read more >
by Mark Friedman -
Cracking the Code: Understanding Contractual Allowances in Arkansas Hospitals
Contractual discounts vary widely, although they typically average more than 50% of the initial billed amount. read more >
Goldman Sachs Brings Small-Business Program to Arkansas
Global investment bank and financial services giant Goldman Sachs is rolling out its 10,000 Small Businesses initiative in Arkansas. read more >
by Lara Farrar -
Simmons Bank’s Q3 Beats Expectations As Customers Chase Higher Rates
Simmons First National Corp. of Pine Bluff reports third-quarter profit of $47.2 million, down 41% from the same quarter last year, as customers moved into higher interest rate deposit accounts and interest expense increased. read more >
by Lance Turner -
Greenwood Gearhart Breaks $1B AUM Barrier
Fayetteville firm Greenwood Gearhart, started in 1982, is now in a rarefied league, CEO Brock Gearhart says. read more >
Asset Ascent: Three Investment Firms See 40%+ Asset Growth
The biggest of the bunch is Legacy Capital Wealth Partners (No. 7), which nearly doubled its $560 million total in 2022. The Little Rock firm’s almost 82.5% climb propelled it beyond $1 billion this year. read more >
Unveiling the Owners of Enlightened Dispensary Morrilton
The medical marijuana dispensary sold last year after the previous owners paid heavy taxes, according to a lawsuit. read more >
Financial Managers’ Annual Salary Averages $115K in Arkansas
The annual mean wage for financial managers in Arkansas was $115,200 in 2022, according to the U.S. Bureau of Labor Statistics. Nationwide, that figure was $166,050. The bureau defines financial […] read more >
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