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Jim Walton

Banking & Finance

Arvest Bank Names Kevin Sabin as Chair, Matt Machen as President

Jim Walton, the son of Walmart Inc. founder Sam Walton, will step down as bank chair but remain chair for Arvest Bank Group, the bank’s holding company. read more >
Renderings of the new Opera in the Ozarks theater
Construction / Nonprofits / Tourism

Opera in the Ozarks Gets $34M Grant From Waltons

The grant will fund a new 300-seat theater as well as cabins for faculty housing. read more >
Hillis Schild, executive director of the Arvest Opportunity Fund, said the fund has lent out more than $2.2 million in just 10 months of making loans to small businesses.
Banking & Finance / Investments / Small Business

Newly Launched Arvest Opportunity Fund Provides Loans to Small Businesses

Since May 2022, the fund has provided loans and lines of credit to businesses that fall just short of Arvest Bank’s business loan requirements. read more >
Arvest Bank headquarters in downtown Fayetteville 
Banking & Finance / Small Business

Arvest Leads Arkansas in SBA Lending, Again

It was the ninth consecutive year the bank has led the SBA lending list in Arkansas, and Arvest was third among banks in Oklahoma and fourth in Kansas. read more >
Rob Walton, Jim Walton and Alice Walton present the Entrepreneur of the Year award at the 2019 Walmart shareholders meeting in Fayetteville.
Agriculture & Poultry / Banking & Finance / Business Services / Construction / Education / Energy / Government & Politics / Health Care / Insurance / Investments / Legal / Manufacturing / Media & Marketing / Nonprofits / Public Companies / Real Estate / Restaurants & Food / Retail / Small Business / Tourism / Transportation

Arkansas’ Top Stockholders: 2020 Very Good for Walton Family Fortune

Arkansas’ richest family has had a good year financially. The heirs of Sam Walton own publicly traded stock valued collectively at more than $205 billion. read more >
Alice Walton, founder of Crystal Bridges Museum of American Art and Art Bridges
Banking & Finance / Business Services / Media & Marketing / Nonprofits / Public Companies / Retail / Transportation

Arkansas’ Waltons Among Forbes’ Top 12 Richest

Only one Walton family member was in the top 10 of Forbes magazine's list of the country's 400 richest people, and she doesn’t live in Arkansas. read more >
The Benzal rail bridge on the White River.
Government & Politics / Nonprofits

Walton Family Foundation Gives $20M for Delta Trail

Gov. Asa Hutchinson and the Walton Family Foundation announce a $20 million matching grant from the foundation that will complete a 84.5-mile Delta Heritage Trail. read more >
Rob Walton, Jim Walton, Alice Walton and Greg Penner presenting the Entrepreneur of the Year award at the 2019 Walmart shareholders meeting June 7 at Bud Walton Arena.
Agriculture & Poultry / Banking & Finance / Business Services / Health Care / Insurance / Investments / Manufacturing / Public Companies / Retail / Transportation

Top Stockholders in Arkansas Buoyed by Runup in Markets

It’s been almost two years since Arkansas Business listed the state’s top stockholders based on the value of publicly disclosed stock. Since then, the Walton family’s fortune — the part disclosed publicly — has increased by more than $20 billion. read more >
Banking & Finance / Business Services / Investments / Legal / Public Companies

Cash Offers & Rival Bids: Inside Bear State Bank’s $391M SaleLock Icon

Randy Dennis, the president of DD&F Consulting, thought Arvest Bank of Fayetteville and Bear State Bank of Little Rock would be a good fit. read more >
Kevin Sabin, Arvest Bank
Banking & Finance / Investments / Public Companies

Update: Arvest to Buy Bear State Bank in $391M All-Cash Deal

Arvest Bank will acquire Bear State Bank in an all-cash transaction valued at about $391 million, or $10.28 per share of Bear State common stock. read more >
Crystal Bridges Museum of American Art at night. The museum is renowned for its grounds and architecture as well as its collection.
Business Services / Construction / Education / Energy / Investments / Media & Marketing / Nonprofits / Public Companies / Real Estate / Restaurants & Food / Tourism / Transportation

At 5, Crystal Bridges Museum of American Art Transforms Bentonville

There are any number of ways to try to gauge the impact — economic and otherwise — Crystal Bridges Museum of American Art has had on Bentonville, on Arkansas and beyond since its opening Nov. 11, 2011. read more >
Jim Walton
Agriculture & Poultry / Banking & Finance / Investments / Public Companies / Restaurants & Food / Retail / Transportation

Waltons Among Forbes’ Top 20 Richest

The Walton family has fallen out of the top 10 of Forbes magazine's list of the country's 400 richest people. read more >
Banking & Finance / Public Companies

Bank of the Ozarks Seals 2 Deals, Is Biggest in Arkansas by Assets

Bank of the Ozarks Inc. of Little Rock completes acquisitions of Community & Southern Bank of Atlanta and C1 Bank of St. Petersburg, Florida, and leaps over Arvest in asset size. read more >
Wal-Mart Chairman Greg Penner: "We're moving away from a model of serving customers where we are to a model of serving customers where they are."
Investments / Public Companies / Retail

Wal-Mart Embraces Change at Meeting, Hitching Up With Uber

During the retailer's annual meeting, Wal-Mart Chairman Greg Penner cast the company as changing with the economic and shopping landscape, just as it has done throughout its long history. read more >
Wal-Mart CEO Doug McMillon says the retailer is already seeing benefits from raising worker pay.
Investments / Public Companies / Retail

At Wal-Mart, Doug McMillon’s Total Pay Rises to $19.8M

Wal-Mart Stores Inc. President and CEO C. Douglas McMillon saw his total compensation increase 2.1 percent to $19.8 million for the fiscal year that ended Jan. 31 compared with the previous year. read more >

Arkansas Business Power List 2016: Banking & Finance

A banking and finance resource to help navigate the leadership of the largest Arkansas companies or institutions. read more >
Jim, Rob and Alice Walton at the 2015 Wal-Mart annual meeting in Fayetteville.
Investments / Public Companies / Retail

Walton Family Members Give Away $407M in Shares

Sam Walton's three surviving children have given about $407 million worth of stock in Wal-Mart Stores Inc. to a nonprofit organization founded by their family. read more >
Jim Walton
Banking & Finance / Business Services / Investments / Media & Marketing / Public Companies / Retail / Transportation

Forbes List of Richest People for 2015 Includes 10 with Arkansas Ties

The list once again is led by Microsoft's Bill Gates. Wal-Mart heir Jim Walton leads a group of Arkansans and those with close ties to the state included on the list. read more >
Media & Marketing

CPI Sells Oklahoma Newspapers to Warren Buffett’s BH Media Group

Community Publishers Inc. of Bentonville has sold the last of its newspaper holdings to a firm owned by Warren Buffett's Berkshire-Hathway Co. read more >
Alice Walton
Agriculture & Poultry / Banking & Finance / Business Services / Construction / Education / Energy / Government & Politics / Health Care / Insurance / Investments / Legal / Manufacturing / Media & Marketing / Nonprofits / Public Companies / Real Estate / Restaurants & Food / Retail / Small Business / Tourism / Transportation

Nine Billionaires with Arkansas Ties Make Forbes 500 List

Nine billionaires with Arkansas ties find themselves on the most recent Forbes 500 list of the world's richest people, released this week. read more >