Arvest Mortgage Company announced Tuesday (Oct. 21) that it originated more than $1 billion in mortgage loans – both refinance and purchase money loans – through Sept. 30, 2014. Arvest said it had closed a total of 6,853 loans with combined loan value of $1,012,205,070 by Sept.
First National Bank of NWA – formerly First National Bank of Rogers – has announced it has received regulatory approval to build a branch at 402 SW A. Street in Bentonville, a site the bank acquired earlier this summer.
The Northwest Arkansas Council and The ARK Challenge on Monday (Oct. 20) were recognized with a top award given out by the world’s largest professional organization for economic development practitioners.
Walmex CEO Scot Rank, who has overseen Wal-Mart’s Mexican business unit for five years, will step down from that role at the end of this year. Rank will transition to vice-chairman of Wal-Mex effective Jan. 1, 2015.
At a meeting of the Fort Smith Port Authority Thursday (Oct. 17), Ports of Fort Smith and Van Buren operator Marty Shell updated authority members on an application for grant money to build a new storage building at the Fort Smith port.
The Fort Smith Comprehensive Plan Steering Committee received its first draft of the final proposed plan Thursday (Oct. 17) that will eventually be submitted to the Fort Smith Board of Directors for approval later this year.
After 27 years of affiliation with the University of Arkansas at Fort Smith and the university’s earlier iterations, the Leadership Fort Smith Program will operate as a program of the Fort Smith Regional Chamber of Commerce beginning June 30, 2015.
Home Bancshares, parent company of Centennial Bank, reported a third quarter profit of $27.4 million, or 41 cents diluted earnings per share. One year ago, the Conway-based financial institution reported $18.4 million in earnings, or 33 cents diluted earnings per share.
Centennial Bank announces two new promotions at its Fayetteville headquarters. Kevin Thompson was promoted to senior vice president of lending and Nathan Harris was promoted to vice president of commercial lending, according to Blake Holzhauer, Northwest Arkansas chief lending officer.
Championship Fore Charities is a new golf event in the Fort Smith area benefiting eight local charities. The concept was developed by a few local community volunteers to bring together one event that would benefit many non-profits in the Fort Smith area.