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Venture Center & ABA Launch Fintech Accelerator for Arkansas Banks

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Venture Center & ABA Launch Fintech Accelerator for Arkansas Banks


The Venture Center and the Arkansas Bankers Association have teamed up to launch a new technology accelerator aimed at addressing challenges specific to Arkansas banks.

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Ten startups will be selected for the Arkansas Banking Solutions Accelerator, a 12-week program to advance technology in the state and help local banks navigate the ever-changing financial sector.

This initiative marks a shift for the Venture Center, which has led the program for years with the Independent Community Bankers of America. But the new partnership with the ABA is part of an ongoing effort to “refocus on Arkansas,” said Daniel Schutte, vice president of strategic partnerships at the Venture Center.

The Banking Solutions Accelerator distinguishes itself from other fintech accelerators by targeting specific pain points of Arkansas banks. One major issue banks are facing is what Lorrie Trogden, president and CEO of the ABA, calls a “huge niche” — compliance and regulatory technology, especially in an increasingly complex landscape.

“We face a myriad of new regulations constantly. It feels like every day there’s a new regulation coming out,” Trogden said.

She cited Regulation 1071, which requires financial institutions to compile and report lending data for women-owned, minority-owned and small businesses, all within an 18-month period.

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Those regulatory burdens can be especially challenging for smaller community banks, which sometimes lack the resources and funds to develop in-house solutions, Trogden said.

“It’s one thing to have something new and shiny and great. And there will always be a place for that,” Trogden said. “But for the banks, it’s all driven by regulation.”

In hopes of addressing regulation technology, or regtech, the program aims to connect Arkansas banks with companies that can provide tailored, cost-effective solutions. While companies from anywhere can apply, Schutte noted there might be some “bias” towards regional companies already addressing problems faced by Arkansas banks.

Though he emphasized that overall, the program is still looking for the “best tech.”

The selection process will involve interviews conducted by the Venture Center, followed by a committee review to choose the startups with the most potential. Selected companies will have one-on-one meetings with leaders in the Arkansas banking industry and ABA-member banks, as well as access to the Venture Center’s out-of-state network.

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A key focus of the accelerator is addressing the needs of community banks, which are a significant part of Arkansas’ financial landscape. On top of aiding regulatory compliance, the program aims to help local banks stay technologically competitive and prevent customers from going out of state for more advanced offerings.

“We want to keep all of the dollars that are coming from Arkansas citizens with our banks that are here in Arkansas,” Trogden said. “We want to provide everything that they need so they don’t have to take their dollars outside of the state. I think that’s what this accelerator program will do.”

The Banking Solutions Accelerator, which will begin in mid-September, will conclude with a demo day in December, during which the ten selected companies will pitch their solutions to potential investors and industry participants. Each company will receive a monetary investment, and the event is expected to attract around 400 attendees.

“We fundamentally believe we can impact Arkansas through this,” Schutte said. “That’s really our fundamental goal long term: doing it all where banks win, companies win, the state wins. Nobody loses in this kind of economic development work.”

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Arkansas TV meteorologist Melinda Mayo retires after nearly four decades on air

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Arkansas TV meteorologist Melinda Mayo retires after nearly four decades on air


After nearly four decades of early morning alarms and forecasts, longtime Arkansas TV meteorologist Melinda Mayo is retiring, closing a career that made her a familiar face to generations of viewers and a steady voice during dangerous weather.

Before she became a household name, the Pine Bluff native worked behind the scenes as an overnight photographer and producer.

Bob Steel was the first to spot her potential and hired her straight out of college. He said she could do it all. “If you want her to do a story, she could do that. If you wanted her to shoot, she could do that. If you wanted to edit, she could do that. If you wanted her to write, she could do that she was extremely talented. Still is,” Steel said.

That versatility helped her land an on-camera role.

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Chief Meteorologist Barry Brandt first met Mayo early in her career when they both worked at another Little Rock TV station. Brandt said, “You could just see she was working her way up through and there was nothing Melinda couldn’t do on the air.”

As she worked as a reporter and anchor, she was also studying meteorology.

In 1996, Mayo joined KATV News. Two years later, she officially became the first female certified broadcast meteorologist in Arkansas.

“I knew right from the beginning that she was going to get it. I just knew it and there was no problem. She just fit right into it,” said Ned Perme, Former KATV Chief Meteorologist.

“She’s gone from this effervescent young college student who is eager to please, to do anything, to a legend,” Steele said.

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Brandt called Mayo a trailblazer, pointing to both her on-air skill and her scientific background. “She’s just a trailblazer. Obviously she’s so good on the air, but to have that science background that served her so well and it served Arkansas so well for so many years,” he said.

Viewers relied on Mayo’s calm presence through snowstorms, heat waves and tornadoes.

Steel said her steady approach mattered when it counted most. “She’s probably saved lives in her career, you know, and stayed calm in the storm. I mean, she is, she’s gonna be missed,” he said.

Colleagues also credited Mayo with mentoring others, particularly women entering the business. “She really did hold the hands of new reporters and new anchors along the way and who knows where we’d be if we didn’t have a strong female like Melinda to look up to,” Alyson Courtney, former Daybreak anchor, said.

Mayo also made time for viewers in everyday moments. “We’d be out in the field if somebody came up to her. She took time out to talk to him and speak to him. She didn’t run, get in the car and hide like she was, you know, some big superstar,” Marcus McDonald, former KATV Chief Photographer, said.

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Mayo’s work also took her beyond the forecast, including interviews and live coverage from major events. She has interviewed Arkansas native Johnny Cash, covered the Clinton Presidential Library grand opening, and reported from the Country Music Awards in Nashville in 2016.

Her Daybreak adventures included trips to the beach, Branson and high school pep rallies across the state.

Chris Kane, former Daybreak anchor, said Mayo was the colleague he could count on for anything. “Whether its jumping off a pontoon boat during Daybreak, going on a rollercoaster at Silver Dollar City, Melinda was always my go to, hey, I need someone to do this with me, will you do it? And she’d always say yes which made it so much more fun,” Kane said.

He also said Mayo set the tone in the studio each morning. “You’re groggy and you’re still trying to wake up… you pour a cup of coffee and you see Melinda Mayo and you knew it was going to be a good day,” Kane said.

“She’s impacted so many people that she doesn’t even know how many people she’s impacted, but we hear it all the time,” Courtney said.

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The longest-running on-air morning show host in Arkansas, is now turning off those morning alarms for good, but her legacy will continue to carry on.

Thank you, Melinda!



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Arkansas appeals court upholds contempt ruling against Jefferson County Judge

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Arkansas appeals court upholds contempt ruling against Jefferson County Judge


A legal battle between two of Jefferson County’s top leaders is continuing, after the Arkansas Court of Appeals upheld a contempt ruling against County Judge Gerald Robinson.

The dispute centers around payment claims from the sheriff’s office, which Lafayette Woods Jr. says were unfairly denied.

“We were singled out, we were targeted, simply because he’s got an issue with me. I think I’ve been identified as his political adversary I guess,” Woods said.

What’s unfolded has turned into a years-long conflict between the county judge and sheriff, with Woods claiming the issue has become personal.

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“It’s personal, it’s personal. Some people cannot in leadership positions, can’t separate personal from business,” he said.

Woods says the problems began when routine payment claims were denied over what he calls minor or unusual reasons.

“We started having issues with claims being denied simply because the billing address and the ship to address were different addresses. That’s never happened. That’s never been a reason for denial,” he said.

The sheriff first filed a lawsuit in 2022, arguing the denials were arbitrary and unfairly targeted his office. In 2023, a circuit court agreed, but Woods says the denials continued.

“When you have that, it’s a bad form of government,” he said.

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In 2024, Woods filed a contempt petition. A judge later agreed, finding Robinson in contempt and ordering him to pay $6,700 in attorney fees.

Robinson appealed, but the Arkansas Court of Appeals upheld the ruling.

“We’ve tried to talk and talk it out and meet about it and compromise. When all those things have failed, we leaned on the decision for the courts and I am pleased, thoroughly pleased with the decision they’ve made,” Woods said.

We reached out to Robinson for comment but were directed to his attorney. He is now asking the Arkansas Supreme Court to take the case and overturn the decision, arguing there is no proof of willful wrongdoing.

For now, the ruling stands, and the dispute between the two county leaders continues.

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Connor Smillie Named to SEC Community Service Team

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Connor Smillie Named to SEC Community Service Team


For his outstanding impact in the community, Connor Smillie has been named to the SEC Community Service Team, the conference announced Thursday.

Smillie has been a dedicated member of the Arkansas student-athlete community and has committed numerous hours to serving the Northwest Arkansas area. He participated in Shop with the Razorbacks, helping more than 30 local families provide gifts during the holiday season.

He has consistently given back to youth in the community, with the majority of his service hours spent working with Fayetteville Public Schools. Smillie has also made a strong impact as a mentor to young players, assisting with clinics alongside the Arkansas club team, as well as local tennis clubs and alumni.

In addition to his community efforts, Smillie serves as the men’s tennis representative on the Student-Athlete Advisory Committee, providing valuable insight and leadership for both his team and Arkansas student-athletes.

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