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David Smith

Stories by David

For $391M, Arvest to gain Bear State

posted: 08/23/2017 4:30 a.m. Discuss

Fayetteville-based Arvest Bank agreed to acquire Bear State Financial of Little Rock for $391 million in cash, the two banks said Tuesday.

REAL ESTATE TRANSACTIONS: Two Little Rock apartment complexes sold in $17M deal; undeveloped Chenal Parkway property sold

updated: 08/21/2017 4:30 a.m. Discuss

Affiliates of Toronto-based Republic Funds paid $17 million last month to buy two Little Rock apartment complexes with a total of 482 units.

State's jobless rate still at 3.4%

posted: 08/19/2017 2:07 a.m. Discuss

Arkansas' unemployment rate was unchanged at 3.4 percent in July compared with June, the U.S. Bureau of Labor Statistics said Friday.

Website in state only for tech jobs

posted: 08/16/2017 2:08 a.m. Discuss

A new website designed to highlight technology job openings in Arkansas and promote careers in computer science in the state is up and running, Dave Wengel, the founder of technology company iDatafy said Tuesday.

Housing sales hit '06 level in state

posted: 08/15/2017 2:13 a.m. Discuss

Arkansas home sales in June were the highest in 11 years, the Arkansas Realtors Association said Monday.

Police plugging into fast-acting 'crime cam' developed by Arkansas company

posted: 08/14/2017 4:30 a.m. Discuss

A Bryant company has developed a security system with a camera and software that allows businesses to notify police when a crime is happening.

Company from N.Y. buys Little Rock store for $1.25M

updated: 08/14/2017 4:30 a.m. Discuss

J & P Associates of New York paid $1.25 million last month to buy a Dollar General store at 3124 W. Roosevelt Road in Little Rock.

REAL ESTATE TRANSACTIONS: Dallas firm buys 165-unit apartment building in midtown Little Rock for $10.8M

updated: 08/07/2017 4:30 a.m. Discuss

Summit House LLC of Dallas bought the Summit House Apartments in Little Rock for $10.8 million last month.

Arkansas utility company agrees to rate increase of $7.6M

posted: 08/05/2017 4:30 a.m. Comment 1

CenterPoint Energy, the largest natural gas utility in Arkansas, has reached an agreement on a $7.6 million rate increase for its 412,000 customers in the state.

Acxiom sustains 1Q loss of $1.3M

posted: 08/04/2017 4:30 a.m. Comments 4

Acxiom Corp. lost $1.3 million in its first quarter that ended June 30, the Conway-based data broker said Thursday.

Windstream lops dividend; stock falls

posted: 08/04/2017 4:30 a.m. Comment 1

Windstream Holdings ended its 11-year-old dividend "effective immediately," the Little Rock telecommunications company announced Thursday, and immediately the stock price collapsed.

3 state banks maneuvering acquisitions

posted: 07/30/2017 1:59 a.m. Discuss

Arkansas' three largest publicly traded banks are in different places when it comes to buying other banks.

REAL ESTATE TRANSACTIONS: North Little Rock pizza restaurant bought for $3.2M

updated: 07/31/2017 4:30 a.m. Comment 1

Hideaway Properties LLC of Tulsa bought a Hideaway Pizza on Warden Road in North Little Rock last month for $3.2 million.

Bank of the Ozarks exec Thomas quits; shares tumble 12.3%

posted: 07/29/2017 1:47 a.m. Discuss

Dan Thomas, 54, the vice chairman of Bank of the Ozarks and president of the bank's real estate specialties group which has closed more than $25 billion in loans, announced his resignation on Thursday.

10 startups woo potential clients

posted: 07/27/2017 2:09 a.m. Discuss

Executives with the 10 startup companies in Little Rock's financial technology accelerator program presented their businesses Wednesday to a standing-room only crowd of about 350 finance executives, business leaders and investors.

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