TRUCKING INDUSTRY LEADER SHANNON NEWTON NAMED TO COUNCIL AT FEDERAL RESERVE BANK

Shannon Newton, president of the Arkansas Trucking Association, has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis.

The St. Louis Fed created four District Industry Councils in 2006, each designed to provide the Fed with important feedback about economic conditions in key Eighth District industry sectors.

The members’ observations, along with the economic data developed through the Federal Reserve Board’s Beige Book and meetings of the Reserve Bank’s board of directors, help ensure conditions in Main Street America are represented in monetary policy deliberations in Washington.

Each council is supported by one of the St. Louis Fed’s four offices: St. Louis (real estate); Little Rock, Ark. (agribusiness); Louisville, Ky. (health care); and Memphis, Tenn. (transportation). The councils meet twice a year.

ARVEST EXEC DONNY STORY, FAYETTEVILLE MARKET LEADER, TO RETIRE

Donny Story, president and CEO of Arvest Bank’s Fayetteville market, will retire after an almost four-decade career with the company.

Story’s retirement is effective at the end of the year. His banking career has spanned 43 years, with close to 37 of those with Arvest in multiple markets in Oklahoma and Arkansas. The company named him president and CEO in Fayetteville in 2004, just two days after former market leader Gary Head resigned to start Signature Bank of Arkansas.

“Donny’s contributions to Arvest are innumerable, and we can’t thank him enough for what he has done not just for the bank but for our customers, associates and communities,” said Craig Rivaldo, regional executive for Arvest. “He will be greatly missed as a friend and colleague, but we have known this announcement would be coming for some time and appreciate Donny working carefully with us to plan ahead.

Arvest maintains its charter in Fayetteville but operates over 200 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with an independent board and management team. By assets ($26.6 billion), Arvest is Arkansas’ largest bank.

Kevin Anders Vice President of Retail Training