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Arvest Hires Cinthya Allen as Head Diversity & Inclusion Officer

She brings 20 years of relevant experience to the role, most recently as the diversity, equity and inclusion officer and Americans with Disabilities Act coordinator for the City of Norman, Oklahoma.

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Lance Penfield Joins Merchants & Farmers Bank Board

Penfield is co-owner of Baxley-Penfield-Moudy Realtors

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Denise Thomas Joins Board of St. Louis Fed's Little Rock Branch

Thomas will fill the unexpired portion of a three-year term ending Dec. 31, 2023.

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SPONSORED: Basic Cybersecurity Hygiene: How to Manage With Limited Resources

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First Community Bank's Bill Oliva Receives Bill Holmes Leadership Award...

Arkansas Bankers Association recognized Oliva, who is vice president of commercial lending and diversity outreach at First Community Bank.

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Condition Critical At Rural Hospitals

The Ouachita County Medical Center in Camden offers prime example of the financial stress hospitals are under since COVID.

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Understanding the Corporate Transparency Act (Taylor A. Stockemer Commentary)

Businesses will want to make sure they comply with these final regulations before January 2024.

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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.

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Average Long-Term US Mortgage Rate Back Above 7% This Week

Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate rose to 7.08% from 6.95% last week. A year ago the average rate was 2.98%.

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US Consumer Inflation Eased to 7.7% Over Past 12 Months

The number was lower than economists had expected.

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Donny Rogers Named Head of Arvest Wealth Investment Services

Rogers will replace Calvin Jarrett, who is retiring in early 2023 after more than 35 years with Arvest.

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US Authorities Investigating Crypto Exchange FTX

This week's developments marked a shocking turn of events for FTX CEO and founder Sam Bankman-Fried, who was hailed as somewhat of a savior earlier this year when he helped shore up a number of...

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Arkansas Museum of Fine Arts Gets $250K Grant From Bank of America

The funds bring the museum in Little Rock closer to completing its years-long redesign and renovation.

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UA Looking to Boost Research and Development Expenditures

The University of Arkansas at Fayetteville ranks low nationally in R&D expenditures, but they are optimistic about improving their ranking going forward.

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CEO of First Arkansas Bank & Trust Receives Tampa Bay Trophy (Movers & Shakers)

Larry Wilson was recognized by Tampa Bay Defense Alliance for his extensive service to the Little Rock Air Force Base and the local community.

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Riverhouse Apartments Hosts $54.4M Sale (Real Deals)

Passco Riverhouse DST purchased the 262-unit apartment complex at 1200 Brookwood Drive in Little Rock's Riverdale area.

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HomeBank of Arkansas Sells for $11.8 Million

The recent purchase of the $65.2 million-asset HomeBank of Arkansas is the opening foray into the state for Barksdale Federal Credit Union of Bossier City, Louisiana.

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Waltons Give $470K to Keep NWA Kiva Hub Going

The Startup Junkie Foundation receives a three-year, $470,000 grant from the Walton Family Foundation to continue facilitating the Northwest Arkansas Kiva Hub.

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Fed Official Suggests Substantial Rate Hikes May be Needed

James Bullard, who leads the Federal Reserve Bank of St. Louis, said the Fed's key short-term interest rate "has not yet reached a level that could be justified as sufficiently restrictive."

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'Zombie Debt': Homeowners Face Foreclosure on Old Mortgages

Some homeowners believed their second loans were rolled in with their first mortgage payments or forgiven. Now they're being told the loans weren't dead after all.

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