Our friends at Mustard Seed Financial LLC of Magnolia have retained their standing at No. 22 in Arkansas Business magazine’s annual list of the state’s largest money managers. At first glance, that might not seem like a big deal. But, Mustard Seed is the only money management company in the top 35 that’s located outside of Little Rock or the Fayetteville-Bentonville orbits. According to Arkansas Business, Mustard Seed manages $263.81 million in assets for 556 clients. We congratulate David Ashby and his team for Mustard Seed’s continued success.
The same issue of Arkansas Business also lists Arkansas’ largest bank trust departments. Farmers Bank & Trust ranks No. 13 under EVP and trust officer Todd D. Smith. It has trust assets of $150.09 million and 164 managed asset accounts with $103 million. It has 49 corporate and municipal trusteeships with outstanding principal of $215.92 million.
We appreciate Arkansas Business for occasionally picking up South Arkansas business news that we’ve published, and redistributing it through its email newsletters. magnoliareporter.com has managed to expand its footprint to the point where media across the region knows to check us first when they’re curious about events in our area.
Dollar General on East Main Street is adding a fruit and vegetable aisle. Dollar General and other small box retailers with presence in rural America have received criticism for contributing to “food deserts” – defined as localities that don’t have access to fresh fruits and vegetables through retail outlets. It now appears that Dollar General is addressing that complaint in a modest way.
No Columbia County Fair next week. We look forward to the return of the fair, and many other events, in 2021.