Icon (Close Menu)

Logout

U.S. Treasury Department

U.S. Treasury Secretary Janet Yellen at a meeting of Eurogroup Finance Ministers in Brussels, Belgium, in July 2021.
Banking & Finance / Government & Politics

Yellen Says Bank Situation ‘Stabilizing,’ System is ‘Sound’

Yellen, in her prepared remarks, says the government's intervention was necessary to "protect the broader banking system" and more rescue efforts could be necessary. read more >
Construction / Government & Politics / Real Estate / Transportation

Federal COVID Aid OK’d to Pay For Roads, Natural Disasters

The newly expanded spending options are expected to take effect by late February, after the Treasury releases updated guidance. read more >
Darrin Williams, CEO of Southern Bancorp Inc.
Banking & Finance / Investments

Southern Bancorp Gets $45M Federal Tax Credit Allocation

The New Markets Tax Credit program allows businesses to make equity investments in severely distressed rural and urban communities. read more >
The U.S. Treasury Building in Washington, D.C.
Government & Politics / Small Business

Treasury OKs Database on Corporate Ownership; Small Businesses Required to Register

Most American businesses with fewer than 20 employees must register with the government as of Jan. 1, 2024. read more >
Banking & Finance / Business Services / Government & Politics / Health Care / Insurance / Legal

So Much Fraud (Gwen Moritz Commentary)

There’s always a lot of fraud. But there really has been more of it lately. read more >
A file photo of a beer aisle at a New Orleans supermarket 
Government & Politics / Media & Marketing / Public Companies / Restaurants & Food / Retail / Small Business / Tourism

Treasury Brews Up Ideas for a More Competitive Beer Market

Some suggestions include reimagining beer displays and considering whether brews can be shipped straight to doorsteps. read more >
Darrin Williams, CEO of Southern Bancorp Inc., talks about urban branching and more at Little Rock’s 12th Street Station.
Banking & Finance / Business Services / Investments / Public Companies / Real Estate / Small Business

Southern Bancorp Poised to Double Capital, Expand Financial ReachLock Icon

It took more than a decade for Southern Bancorp Bank to double its tally of total assets from $1 billion to $2 billion. The top executive of the bank’s parent company expects the journey to $4 billion will be much shorter. read more >
Energy / Transportation

Senators Call for Gas Tax Suspension to Blunt Rising Prices

The bill also would require the Treasury Department to monitor whether oil and gas companies are passing along savings to consumers. read more >
Business Services / Education / Government & Politics / Investments / Nonprofits / Small Business

New Tools Can Help Boost Business in Arkansas (Angela Frierson Shirey Commentary)

During 2021, Arkansas has seen business rebound and reset. Entrepreneurs have had to flex their creative muscle during the “creative destruction” phase — a phenomenon that usually results in economic progress. read more >
Carl Geffken, Fort Smith city administrator, suggests that his town spend the funds on water projects.
Business Services / Construction / Energy / Government & Politics

Rescue Cash for Every City, County and Town

The 14 larger Arkansas cities receiving nearly $209 million in federal pandemic recovery funds aren’t looking a gift horse in the mouth — even one that comes with 150 pages of riding instructions. read more >
Banking & Finance / Business Services / Government & Politics

Update: Second PPP Now Accepting Applications

The second $284 billion Paycheck Protection Program, which will offer more forgivable loans designed to soften job losses from the pandemic, began accepting applications from businesses today. read more >
Janet Yellen
Banking & Finance / Construction / Government & Politics / Real Estate

Report: March Turbulence Shows Need for Financial Reforms

A top government financial oversight panel says that the turbulence in financial markets last spring has exposed problems in the operation of money market funds that will need to be corrected before the next crisis hits. read more >
Banking & Finance / Business Services / Government & Politics / Insurance / Small Business

Arkansas Banks Start to See Forgiveness on PPP Loans

Bankers get some money back, but federal process should be simpler, they say. read more >
Banking & Finance

FNBC Receives a $600K Federal Grant

FNBC Bancorp, the holding company for FNBC Bank, has been awarded a $600,000 Financial Assistance grant by the U.S. Treasury Department’s CDFI fund for its service to rural and underserved communities. read more >