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Profit Proves Elusive For Two Out of Three

Arkansas Business, 2024-03, Vol.41 (12), p.18-18

COPYRIGHT 2024 Journal Publishing, Inc. ;Copyright Arkansas Business Mar 18-Mar 24, 2024 ;ISSN: 1053-6582

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  • Title:
    Profit Proves Elusive For Two Out of Three
  • Author: Waldon, George
  • Subjects: Banking industry ; Banks ; Company earnings/profit ; Company sales and earnings ; Losses ; Profitability ; Profits
  • Is Part Of: Arkansas Business, 2024-03, Vol.41 (12), p.18-18
  • Description: After recording a profit of more than $143 million in 2022, Arvest Bank of Fayetteville tallied net income of just under $2 million last year. Little Rock's Bank OZK will become the first Arkansas bank to set up shop in the $5.8 billion-deposit market in Asheville when it opens in a former Truist Bank office at 711 Merrimon Ave. In Round Rock, a northern suburb of Austin, the $34.2 billion-asset lender has its eye on an undeveloped site at 2100 E. Palm Valley Blvd. In terms of deposit market share, the big three banks in Round Rock are JPMorgan Chase Bank, of Columbus, Ohio, $848.3 million (21.42%); Wells Fargo Bank of Sioux Falls, South Dakota, $806.2 million (20.36%); and Bank of America in Charlotte, North Carolina, $332.9 (8.41%).
  • Publisher: Little Rock: Journal Publishing, Inc
  • Language: English
  • Identifier: ISSN: 1053-6582
  • Source: ProQuest Central
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