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Rising Energy Costs Lift US Consumer Prices 0.2% in December

Rising energy costs drove U.S. consumer prices higher in December, and American workers’ earnings couldn’t keep up.

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AFCU Buys FamilyLife Building for $12M, Will Move HQ from Jacksonville

Arkansas Federal Credit Union says it purchased the FamilyLife building in west Little Rock for $12 million and plans to move its headquarters there over the next 18-24 months.

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Home BancShares 4Q Earnings Rise to $73M

Home BancShares Inc. of Conway reports fourth-quarter earnings of $73.3 million, up from $71.0 million in the same quarter last year.

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Bank OZK 4Q Down 12% But Above Expectations

Bank OZK of Little Rock reports fourth-quarter profit of $100.8 million, down 12% from $115.0 million in the same quarter last year.

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Central Arkansas Finance Sector Sees Growth

The finance sector in central Arkansas is going strong, a phenomenon noted by Metroplan in its latest “Metro Trends: Economic Review & Outlook.”

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Lori Melton Selected as SVP at First Community Bank (Movers & Shakers)

Lori Melton has been hired as senior vice president of business development at First Community Bank in Conway.

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State Bank Commissioner Candace Franks Predicts Ownership Trends in '20

Candace Franks, the Arkansas state bank commissioner, says total assets under supervision have almost doubled since 2012.

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The Contenders: It’s Grow or Else, Smaller Banks Say

Smaller banks in Arkansas are often faced with the choice of growing or finding a buyer.

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Bank OZK’s New HQ Built to Recruit, Retain Talent

The new Bank OZK headquarters is envisioned as a spectacular calling card to recruit new talent to come and work for the company and an amenity-laden investment to retain staffers.

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Simmons Bank Shouting Name From Rooftops

Verizon Arena in North Little Rock officially became Simmons Bank Arena on Oct. 3, marking the latest effort by the Pine Bluff bank to build brand visibility in central Arkansas.

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Marnie Oldner Named to Fed’s CDIAC

Marnie Oldner, CEO of Stone Bank of Mountain View, was named last week to the Federal Reserve Board’s Community Depository Institutions Advisory Council.

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Arvest Promotes Gooch to Regional Director

Don Gooch, an 18-year employee who most recently served as southwest Arkansas community bank president, has been promoted to regional director of community bank presidents by Arvest Bank of Fayetteville.

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Deferral Period Shorter for Non-Spouse Beneficiaries of Retirement Accounts...

The recently enacted Setting Every Community Up for Retirement Enhancement Act of 2019 limits the deferral period for most non-spouse designated beneficiaries to 10 years.

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In Central Arkansas, A Host of Angels Aim to Aid Startups

The new Central Arkansas Angel Network will launch this month, aiming to provide investors and early stage startups a new way to connect.

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Arvest Bank Names 3 Board Members

Arvest Bank in central Arkansas has three new board members in Little Rock: Rajesh Chokhani, Scott Copas and Chad Young.

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Arvest Bank Names Brad Crain President, CEO in Benton County

Brad Crain has been named president and CEO of Arvest Bank in Benton County, effective Jan. 27.

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US Home Sales Soared 3.6% in December

U.S. home sales climbed 3.6% in December, but a record-low inventory of houses on the market has caused prices to surge as affordability is worsening.

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Simmons First Beats 4Q Profit Forecast; Marty Casteel to Retire

Simmons First National Corp. of Pine Bluff reports fourth-quarter earnings of $52.7 million, down 5% from the same quarter last year, but earnings per share beat Wall Street forecasts.

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Southern Burger Chain Krystal Files for Bankruptcy

Krystal Co., the Georgia-based restaurant chain known for tiny hamburgers and late-night service across the Southeast, has filed for bankruptcy, but said Tuesday that all of its locations would remain...

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Long-Term US Mortgage Rates Slump to 3-Month Lows

U.S. long-term mortgage rates fell this week to their lowest level in three months, deepening the incentive for prospective homebuyers although they face eroded affordability as prices continue to climb.

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