Arvest Bank launched its annual ‘Million Meals’ initiative to fight hunger across the four-state region the bank serves two months ago. On Thursday, the bank announced that with the help of customers and community members, it has exceeded the campaign…
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BancorpSouth Breaks Ground on Insurance and Banking Location in LR
by AMP Staffby AMP StaffBXS Insurance Inc., a subsidiary of BancorpSouth Bank, broke ground on its new Northwest regional insurance and banking headquarters located at 17900 Chenal Parkway in Little Rock on Wednesday. The four-story, 40,000 square-foot building will house BXS Insurance as…
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First Security Plans Second Fort Smith Bank
by AMP Staffby AMP StaffFirst Security Bank is planning to expand its presence in Fort Smith. The Searcy-headquartered bank will be establishing a second bank in Fort Smith at 7513 Rogers Avenue. In October 2018, First Security Bank opened its first bank in Fort…
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New Study Shows Significant Gender, Racial Disparities in Business Lending in Arkansas
by Tyler Haleby Tyler HaleGrowing a healthy, vibrant economy requires a diversity of businesses and business owners. Particularly in the small business community, having a wide representation of business owners is critical in fostering a robust economic ecosystem. In Arkansas, small businesses form the…
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Citizens Bank CEO Stepping Down in 2021, as Bank Passes $1 Billion in Assets
by Tyler Haleby Tyler HaleAs Citizens Bank announces a major milestone, the company’s chief executive is making plans to step down. Citizens Bank CEO Phil Baldwin has announced that he plans to retire in 2021. Baldwin has led Citizens Bank since 2014, more than…
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Bank OZK’s Second Quarter Net Income Drops Significantly From Same Time in 2019
by Tyler Haleby Tyler HaleBank OZK’s earnings dropped significantly for the second quarter of 2020, compared to its performance in 2019. The Little Rock-headquartered bank released its second-quarter financial report today (July 23), showing that it earned $50.3 million in net income. This marks…
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First Community Bank Planning New Location in Brookland
by AMP Staffby AMP StaffFirst Community Bank is planning to expand into Brookland in northeast Arkansas. The Batesville-headquartered bank has bought property along Highway 49 in Brookland and is planning to construct its 28th location there. The site is located at 8101 Hwy. 49. Currently,…
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Stone Bank Hires New Chief Operations Officer
by AMP Staffby AMP StaffStone Bank has tapped an executive with 40 years of banking experience to serve as its new chief operations officer. Janet R. Moore has been named Stone’s Bank COO. Most recently, Moore served as the chief operations officer and executive…
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Four Former Arkansas Bank Branches Come Up for Sale
by Tyler Haleby Tyler HaleFour former Arkansas bank buildings are coming up for auction soon. Auction Management Corporation, an Atlanta-based auction firm, is holding an online exclusive auction for the four former bank branches, which are located in Booneville, Trumann, Jonesboro and England. The…
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First Financial Bank of El Dorado to Buy Wynne Bank
by AMP Staffby AMP StaffFirst Financial Bank of El Dorado is gearing up to buy the First National Bank of Wynne. The banks have entered into a “definitive agreement” that will see First Financial Bank acquire the Wynne-based bank, which has branches in Cherry…