Armor Bank and Stuttgart-based Farmers and Merchants Bank have announced that a definitive agreement has been signed for Armor Bank to purchase the Marianna branch of Farmers and Merchants Bank pending regulatory approvals. The transaction is anticipated to close early next year. Financial terms were not disclosed. Armor Bank will Continue Reading
When Goldman Sachs recently predicted that 2.25 million people would file for unemployment last week, it made headlines nationwide (including here on HousingWire). That figure would have obliterated the previous weekly record that has stood since 1982. But the actual figure is far, far worse than Goldman Sachs predicted. Continue Reading
Arkansas’ number of employed and the size of the labor force declined in June compared to May, but the state’s jobless rate remained at 4.4% for the fourth consecutive month. Job gains were up 4.5% in June compared with June 2020. The U.S. Bureau of Labor Statistics report posted Continue Reading
A truck study, commissioned by the Arkansas Department of Transportation (ArDOT), will determine the feasibility of a new U.S. 64 river crossing into downtown Fort Smith, Highway Commissioner Keith Gibson told a group of area residents during a July 29 meeting. The study by Halff Associates of Little Rock Continue Reading
Fort Smith Public Schools Peak Innovation Center will not open in August as originally planned, according to a presentation by HOAR Program Management (HPM) of Dallas, the project manager for the district’s millage-related construction projects. Peak Innovation Center will be a regional career and technology center with a focus Continue Reading
Bloomberg Businessweek has named Southern Bancorp CEO Darrin Williams to the 2020 Bloomberg 50, its annual list of innovators, entrepreneurs, and leaders who have changed the global business landscape over the past year. The list will be published in the December 7 issue of Bloomberg Businessweek Among those Continue Reading
April is National Financial Capability Month, a time to encourage people to take action to improve their financial futures. According to a recent Bank of America survey, 43% of Americans said they could not save as much as they expected in 2020. Regularly reviewing savings and spending habits is Continue Reading
Real estate tech company RealPage announced this week that it acquired real estate property management solution provider Buildium. The company first announced the acquisition just last month but made it official this week by closing on the deal. This is the company’s eighth acquisition since January 2017. RealPage previously Continue Reading
