Finance & Banking

ArcBest on Monday reported its highest ever quarterly revenue and operating income in company history with 2021 second quarter revenue of $949 million. Operating income was $74.3 million and net income $61 million, $2.27 per diluted share, compared to 2020’s…

Citizens Bank, headquartered in Batesville, announced on Thursday that Rob Woods has been hired as its city president for Rogers and Bentonville. Woods will be based at the Rogers bank branch. Woods will leverage his expertise in commercial lending with…

Simmons First National Corp. on Tuesday reported net income of $74.9 million for the second quarter of 2021, a year-to-date increase of 27 percent. Simmons reported net income of $58.8 million for the second quarter of 2020.  On a year-to-date…

Arkansas Attorney General Leslie Rutledge has announced a plan to put a constitutional amendment on the 2022 election ballot that would eliminate the state’s individual income tax. Rutledge, who is seeking the GOP gubernatorial nomination in 2022, said she wants…

Lyon College has received a $1 million gift commitment from board chair Perry L. Wilson for the creation of an endowed professorship to launch a new institute of free enterprise and entrepreneurship, the Batesville school announced Tuesday. Wilson is making…

Hendrix College has been awarded a $500,000 grant from the Sunderland Foundation to support its Residence Hall Renewal Project. The project will renovate Martin Hall and Veasey Hall, two historic residence halls on the Conway campus. “We are deeply grateful…

The University of Arkansas at Little Rock has named Gerald “Jerry” Ganz Jr. as its new vice chancellor of finance and administration, effective Aug. 23, the school announced Tuesday. Ganz will serve as the university’s chief financial officer, responsible for…

Retail sales across the country saw solid growth during June as the recovery from the pandemic continued, according to a National Retail Federation report released Friday. NRF’s calculation of retail sales — which excludes automobile dealers, gasoline stations and restaurants…

The Sarah Huckabee Sanders gubernatorial campaign has raised more than $9.1 million, it announced Thursday. That includes $4.2 million raised in the second quarter. The total came from more than 67,000 individual donors, most from out of state, the campaign…

Arkansas Money & Politics is proud to showcase its Future 50 for 2021. The Future 50 represents those Arkansans — business, political, cultural leaders — recognized by AMP readers as poised to do big things in their fields.  They could…