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An Arkansas-based real estate investment firm recently hit the $1 billion milestone, the company’s CEO said. Tempus Realty Partners of Little Rock surpassed the number with a $7.6 million deal…
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Morris Real Estate Holdings made the most significant residential and commercial property transfer in Craighead County, from Feb. 15 to March 15, according to the Craighead County Assessor’s Office. The…
by - April 30, 2024 10:56 pm
Little Rock-based Encore Bancshares, Inc. and its wholly-owned bank subsidiary, Encore Bank, announced Tuesday (April 30) has accepted the resignation of CEO and Chairman Chris Roberts. As part of the…
by - April 30, 2024 6:40 am
Fayetteville-chartered Arvest Bank has named Pete Boomer its new president and CEO of the bank’s mortgage division. Boomer assumed the role on April 22. He replaced longtime executive Matt Kendall,…
by - April 29, 2024 8:07 am
The banking industry has recently navigated a challenging period characterized by bank failures and volatile interest rates. Higher rates and rising costs have created hurdles for businesses and individuals seeking…
by - April 28, 2024 7:41 pm
Since the beginning of time, people have used some form of payment to purchase goods and services. From the creation of the Mesopotamian Shekel around 2,150 BC, society has always…
by - April 26, 2024 10:58 am
A California real estate firm has completed the second leg of a 450,000-square-foot apartment acquisition in west Little Rock worth more than $78 million. Canyon View Capital paid $78.8 million…
by - April 25, 2024 6:47 pm
New York-based Hillcrest Acquisitions has acquired Wolf Creek Apartments in Jonesboro for $12 million. The 192-unit multifamily property, located on Caraway Road, has served as student housing for attendees of…
by - April 25, 2024 11:47 am
FNBC President Chad Hudson announced Thursday (April 25) that David Norris has been hired as senior vice president, Mortgage Lending. In this new role, Norris will be responsible for enhancing…
by - April 24, 2024 9:53 am
Pine Bluff-based Simmons First National Corp. posted unadjusted first quarter net income of $38.871 million, down 14.7% compared with the same period in 2023. First quarter revenue was $195.09 million,…
by - April 22, 2024 5:46 pm
Commercial Bank & Trust announced a strategic initiative to unify its sister bank, First State Bank of Warren, into the Commercial Bank operation effective June 24, 2024. Given the proximity…
by - April 20, 2024 9:17 am
Editor’s Note: The following story appeared in the April 8 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…
by - April 18, 2024 8:03 am
Home BancShares posted a small dip in net income in the first quarter, but earnings per share of 50 cents beat the consensus estimate of 45 cents and interest income…
by - April 17, 2024 6:28 pm
Little Rock-based Bank OZK on Wednesday (April 17) reported broad financial gains in the first quarter, with net income of $171.5 million up 3.4% compared with the same period in…
by - April 17, 2024 11:08 am
Tulsa-based AMC Mortgage has opened a second Northwest Arkansas office in Fayetteville. The company is leasing approximately 900 square feet inside an 8,000-square-foot office building at Glory Drive and North…
by - April 16, 2024 10:04 am
Fayetteville-chartered Arvest Bank recently kicked off its 14th annual Million Meals campaign to raise money to help feed area families. The campaign runs through May 31. The campaign will benefit…
by - April 14, 2024 10:31 am
Brad Chambless, CEO of Farmers & Merchants Bank, outlined his priorities for his role as the new chairman of the Arkansas Bankers Association. Chambless appeared on this week’s edition of…
by - April 10, 2024 5:41 pm
Prices of goods and services were higher than expected in March with the Consumer Price Index (CPI) rising 0.4% for the month and 3.5% higher year over year, according to…
by - April 10, 2024 4:29 pm
Day-to-day operations take up most of a business owner’s time; yet, what would happen if you were unable to run your business or wanted to pursue other endeavors? Succession planning is…
by - April 10, 2024 2:36 pm
First Horizon Foundation, the private charitable foundation of Memphis, Tenn.-based bank holding company First Horizon Corp., will distribute $1.6 million to nonprofit organizations within the company’s footprint. The Grants for…
