Walmart has finalized its sale of a majority stake in the Seiyu supermarket chain in Japan. In November 2020, Walmart announced its plans to reduce its presence in the Japanese retail market by selling a majority of its stake in…
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New Study Shows Significant Gender, Racial Disparities in Business Lending in Arkansas
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…
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Arkansas PBS, Farm Bureau Partner on Community Programming
Arkansas PBS and Arkansas Farm Bureau are partnering on new programming, highlighting community and agricultural life in the Natural State. In a new monthly series entitled “Good Roots,” the organizations will examine rural community life and agribusiness, looking at the…
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New Study to Highlight Racial and Gender Disparities in Small Business Lending
The Winthrop Rockefeller Foundation (WRF) will be unveiling a new report demonstrating racial and gender disparities in small business loans. Commissioned by WRF and Winrock International, the Arkansas Small Business Access to Capital report will be revealed during a webinar…
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Hutchinson Extends Public Health Emergency But Lays Groundwork for Lifting Mask Mandate
In a Friday morning press conference, Gov. Asa Hutchinson charted the state’s path forward in the COVID-19 pandemic with a series of three announcements. Hutchinson is extending the public health emergency, which is set to expire on Saturday, Feb. 28.…
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Sootchy Selects NLR Charter School to Beta Test 529 College Savings Plan App
A crowdfunding platform focused on 529 college savings plans is partnering with a North Little Rock charter school to close the financial literacy gap for young Black and minority students. Sootchy, a Los Angeles-based platform, has selected Arkansas Lighthouse Academy’s…
Six Arkansas schools have received a “Highly Effective Schools” accreditation from a national education development company. Solution Tree, a Bloomington, Ind.-based educational development company, awarded this accreditation to six schools, the Arkansas Department of Education announced this week. This accreditation…
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Despite Annual Net Income Drop, Banking Industry Posts Strong 4Q Numbers
Commercial banks and savings institutions in the United States saw a drop in net income in 2020, although late year numbers showed dramatic improvement. The Federal Deposit Insurance Corporation (FDIC) released its Quarterly Banking Profile for the fourth quarter of…
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Arvest Wealth Management Tops $14 Billion in Managed Assets
Arvest Bank’s wealth management division has grown its assets under management, surpassing the $14 billion mark as of the end of 2020. As of Dec. 31, 2020, Arvest Wealth Management had approximately $14.4 billion under management. Arvest Wealth Management also…
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Senate Passes Bill Allowing Businesses to Forgo Attorney in Small Claims Cases Less Than $2,000
A bill that would allow business owners to appear in court without an attorney for cases involving less than $2,000 passed the Senate on Wednesday. Sen. Trent Garner (R-El Dorado) sponsored Senate Bill 281, which allows businesses in specific instances…