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The U.S. Treasury Department’s Community Development Financial Institution (CDFI) Fund has revealed it awarded $5 billion in New Markets Tax Credit (NMTC) awards to 107 Community Development Entities or CDEs from across the nation. These CDEs will in turn provide…

As technology and industries have made doing business over digital mediums more and more possible, fewer and fewer reasons appear for one to ever need to leave home. You can have food and groceries delivered to your door and download…

The biggest lesson in community banking from 2022 is how fast things are changing. Two years into the pandemic, so many ideas the industry took for granted have changed, from long-held assumptions about customer demographics to the perceived value of…

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…

BXS 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…

First 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…

Growing 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…

As 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…

Bank 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…

First 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,…