Relyance Bank is doing just what President and Chief Executive Officer Chuck Morgan said a May name change would allow — expanding into other markets.
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The state’s two largest electric utilities urged customers to be prepared for a winter storm that blanketed many parts of Arkansas with ice, while warning that outages in some parts of the state could last up to seven days.
Wal-Mart Stores, Inc. announced that its board of directors elected company veteran Doug McMillon, 47, to succeed Mike Duke, 63, as president and chief executive officer, effective Feb. 1, 2014. McMillon also was elected to the company’s board of directors, effective immediately.
The Simmons First National Corp. Board of Directors have declared a regular $0.21 per share quarterly cash dividend payable Jan. 2, 2014, to shareholders of record Dec. 16, 2013.
JONESBORO, Ark. — Riceland Foods’ 2012-13 marketing year was the best year in the history of the farmer-owned cooperative, Danny Kennedy, president and chief executive officer, said at the 93rd annual membership meeting Thursday at Arkansas State University’s Convocation Center.
Pine Bluff-based Simmons First National Corp. announced Monday that it has completed an acquisition of Metropolitan National Bank for $53.6 million in cash to Rogers Bancshares Inc.
Tyson Foods closed its fiscal year on a strong note as it posted record sales and earnings, while announcing several leadership changes in its management structure. The Springdale-based meat company recorded fourth-quarter earnings of $261 million on sales of $8.89 billion. One year ago, Tyson Foods posted net income of $185 million on revenue of $8.32 billion.
The unemployment rate in Pine Bluff dropped to 11.9 percent in August, down from 12.6 percent in July, according to preliminary data from the Arkansas Department of Workforce Services.
The three Pulaski County school districts will receive three years’ worth of desegregation payments, plus another year of equal payments for academic facilities only, under an agreement reached between Attorney General Dustin McDaniel’s office and the school districts, McDaniel told a legislative panel Thursday. McDaniel told the Joint Subcommittee on Desegregation Litigation Oversight that the agreement has not been finalized. However, he did express confidence that the districts’ school boards would agree to the deal.