The congregation is the chairperson
the fed branch in LR
Millie A. Ward, president of Little Rock advertising agency Stone Ward, has been elected chairman of the Little Rock Branch of the Federal Reserve Bank of St. Louis.
Ward, who is serving her second three-year term on the board, succeeds Vickie D. Judy, chief financial officer and vice president of Car-Mart Inc. in Rogers.
Other board members include Christopher B. Hegi, President and Chief Executive Officer of First Financial Bank in El Dorado; Vincent G. Logan, chief financial officer and chief investment officer for the Native American Agriculture Fund in Fayetteville; and Darrin Williams, CEO of Southern Bancorp Inc. of Little Rock.
The bank also announced that Jamie J. Henry, Vice President of Finance, Emerging Payments at Walmart Inc. of Bentonville, has been reappointed by the Federal Reserve’s Board of Governors for a three-year term.
Jeff Lynch, President and CEO of Eagle Bank & Trust Co. in Little Rock, has also been reappointed by the St. Louis Fed Board of Directors for a three-year term, according to a press release.
– Noel Oman
Builder sues Tyson
about plant payments
A construction company has sued Tyson Foods alleging non-payments for work on the meat company’s new poultry processing facility in Humboldt, Tennessee.
Kentucky’s main contractor, Gray Construction, says Tyson did not fully pay for the work on its poultry complex, which includes a processing facility, feed mill and hatchery.
According to court documents, other contractors working on the project were unable to complete their jobs on time, causing delays and unforeseen costs to Gray.
There are a number of project changes that Gray is seeking compensation for, including costs related to weather setbacks and masks needed during the coronavirus pandemic.
The contractor is targeting at least $ 3.45 million.
A Tyson Foods spokesman did not want to comment.
Gibson County’s Industrial Development Board is also a defendant in the case, which was filed in federal court in Jackson, Tennessee.
Tyson stock rose 15 cents, or less than 1%, to close at $ 91.01 on the New York Stock Exchange on Friday.
– Nathan Owens
In the Arkansas Index
Dillards, Pam fall
The Arkansas Index, a price-weighted index that tracks the state’s largest publicly traded companies, closed at 770.05 on Friday, down 19.18.
The index is down 0.29% over the course of the year.
Dillard’s Inc. shares fell 8.8% and PAM Transport shares fell 3.8%.
USA Truck stocks rose 2.5% and Walmart stocks rose 1%.
The index was developed by Bloomberg News and the Democrat Gazette with a base value of 100 as of December 30, 1997.