Arvest Bank says it's completed its acquisition of 29 Bank of America locations in four states. The Fayetteville-based bank announced that the deal closed last week for the new locations.
Terms of the deal weren't disclosed, but it included 15 branches in Missouri, nine in Arkansas, four in Oklahoma and one in Kansas. Arkansas Business reports that Arvest received regulatory approval for the purchase on Feb. 18.
A bill that would remove water quality standards for mineral content in small streams in the state is set for a hearing in the Senate Public Health Committee Wednesday.
House Bill 1929 would remove a special permit requirement for businesses that discharge minerals such as chlorides and sulfates into streams. Representative Andy Davis, a Republican from Little Rock, is the bill’s sponsor. Davis says current standards apply to water that will never be used as drinking water.
Little Rock Mayor Mark Stodola gave his State of the City Address Tuesday, assuring its citizens that high crime rates are being dealt with. He also said revitalization projects continue to beautify the city, and public services will continue helping thousands of people.
Mayor Stodola highlighted improvements the city has made during the last year, but also discussed aspects that still need some work. In particular, he said the criminal justice system needs to do a better job to keep “career burglars and thieves” locked up.
A study by the Society of Actuaries estimates that the new federal health care law will raise medical claims costs in Arkansas by 40.9 percent.
Medical claims costs are the main driver of health insurance premiums. The study estimates that President Barack Obama's Affordable Care Act will raise claims costs nationally by an average of 32 percent per person in the individual health insurance market by 2017. That's partly due to sicker people joining the pool.
The study assumes every state will expand its Medicaid program.
Reports of neglect and inadequate care have advocacy groups deeply concerned for the safety of residents at the Fayetteville Veterans Home.
The state already considers ailing veterans at the facility to be in “immediate jeopardy” and has submitted findings to the federal Centers for Medicare and Medicaid Services, which could lead to fines and loss of funding.
As Arkansas lawmakers work toward a package of about $100 million in tax cuts, the House Revenue and Tax Committee approved an income tax cut Tuesday that state finance officials say would cost the state about $57 million a year.
Representative Charlie Collins, a Republican from Fayetteville, says Arkansas workers are at a disadvantage to those in surrounding states in regards to how much they pay on income taxes.
An Arkansas House committee is taking up a proposal to cut income taxes in Arkansas as legislative leaders say they're moving closer toward an agreement on a $100 million package of reductions.
The House Revenue and Taxation Committee on Tuesday is expected to consider Republican Rep. Charlie Collins' proposal to cut income taxes. Collins' proposal would cost the state about $57 million a year.