AGP Executive Report
Last update: 7 hours agoRetail Expansion: In-N-Out is exploring Arkansas as a possible market, while Walmart and Zipline plan 300 new drone-delivery sites nationwide. The partners already operate 21 sites in Arkansas and Texas. Banking: Relyance Bank President Scott Pittillo will become CEO and board chair Jan. 1, succeeding Chuck Morgan, who will lead parent company Jefferson Bancshares. Home BancShares also recovered $80.7 million on a troubled Texas loan, cutting its exposure to $11.4 million. Local Business: Little Rock-based Baldwin & Shell Construction is now 100% employee-owned through an employee stock ownership plan. Company Results: Westrock Coffee narrowed its third-quarter loss to $10 million from $19.1 million a year earlier, though revenue fell 15.4% to $300.2 million. The company recorded $26.1 million in tariff refunds as a reduction in sales. Energy Investment: A Meta-backed 250-megawatt solar project broke ground in Chicot County, with completion targeted for 2028. State Finances: Arkansas Forward reports $158 million in verified savings toward its $300 million goal by 2030. Economic Development: Voters rejected Issue 3, a proposal to create economic development zones; supporters said rural communities stood to benefit.
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