Planned building renovations are nearing completion and new signage is being installed starting this week for the Little Rock regional office of Pine Bluff-based Simmons Bank.
Two years ago this month, Simmons purchased the former Acxiom Corp. headquarters building in downtown Little Rock where more than 200 staff are now located, according to a news release.
Approximately 150 additional associates are scheduled to move to the River Market location by the end of May. The building purchase is part of Simmons’ ongoing efforts to maximize systems and logistics for its expanding banking operations in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.
“Simmons continues to increase our banking operations in new areas of the country, but many of our centralized services remain in Arkansas where we were founded,” said George Makris Jr., Simmons First National Corp. chairman and chief executive officer. “We are committed to growing and investing in the state.”
“Since the building was purchased in March 2017, Simmons has recruited new top talent to the state while remodeling and enhancing training and communications facilities, offices and other building services in the River Market area of Little Rock,” according to the release.
The project will qualify the bank for the state’s Advantage Arkansas and Tax Back incentive programs available through the Arkansas Economic Development Commission (AEDC) after the city council passes a resolution, according to the release.
“Simmons is among the many Arkansas-based business success stories with deep roots in our state and significant impact within and beyond its borders,” Gov. Asa Hutchinson said in the release. “Simmons will serve as an example of how to bring new life and talent to a location that’s growth-friendly.”
The Little Rock mayor also commended the agency.
“It’s gratifying to see Simmons take a well-planned building and campus in the heart of our vibrant city and make it a regional hub just an hour from its corporate headquarters,” Mayor Frank Scott Jr. said.
Pulaski County Judge Barry Hyde said the bank’s plans coincide with his goals.
“My goal for Pulaski County is to help create and sustain a stable county structure that provides exceptional services and incorporates the latest technology, and having Simmons dedicate people, facilities and resources here, in addition to its long-standing commitment to Jefferson County, supports that goal as well as business opportunities and offerings in central Arkansas and the state,” Hyde said.
Makris went on to say Simmons’ goal is to be a vital contributor to all of the communities it serves and among the best places to work in the country. The renovations and enhancements to the downtown Little Rock regional building will serve the company’s growing staff in the city, many of whom are able to bike and walk to work or use the 500-spot parking deck, gymnasium, outdoor basketball court, dining facilities and park with walking trails.
“Additionally, as banking and financial services sectors rely more than ever on technological innovations, the River Market location is just a few blocks from the Little Rock Technology Park and other vibrant businesses and industries,” according to the release.