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Walmart lots in plan for drive-in movies

Walmart Inc. is working with entertainment company Tribeca Enterprises to temporarily turn 160 Walmart store parking lots across the country into contact-free drive-in movie theaters later this summer.

A Walmart spokeswoman said Thursday that one of these theaters will be in Northwest Arkansas. The full list of locations and other details are still being worked out, she said.

The Bentonville-based retailer said in a news release that with the covid-19 pandemic limiting entertainment options, it will show "iconic" family-friendly movies from August through October.

Walmart will sell concessions. Moviegoers can also order snacks online for curbside pickup on their way into the viewing area.

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This expanded version of Tribeca's new drive-in series, being held this month in six major cities, "is a tribute to movies and the shared experience of watching them, even if from our cars," actor and company co-founder Robert De Niro said in a news release from Tribeca. "In anticipation of theaters re-opening imminently, we look back at what we love about the big-screen experience."

Walmart is also hosting a free virtual summer camp for families starting Wednesday. Camp "counselors" Drew Barrymore, Neil Patrick Harris, LeBron James, Idina Menzel and Todd Oldham will lead interactive sessions on arts and crafts, fitness and other activities.

Camp by Walmart can be accessed through the Walmart app under the Services tab.

-- Serenah McKay

Bank OZK to sell its 2 Alabama branches

Bank OZK has agreed to sell its two branch banks in Alabama.

Bank OZK of Little Rock will sell its Mobile branch to Merchants & Marine Bank of Pascagoula, Miss., and its office in Geneva, Ala., to 22nd State Bank.

The Mobile branch has deposits of $26 million and loan balances of $23 million. The deposit and loan balances at the Geneva Branch were about $66 million and $8 million at the end of the first quarter.

With the sales, Bank OZK will no longer have operations in Alabama.

DD&F Consulting Group of Little Rock served as financial adviser to the bank in the transactions.

-- Andrew Moreau

Arkansas Index rises 1.83, ends at 379.49

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Thursday at 379.49, up 1.83.

"Equities rallied early in the day on better than expected June payroll data but retreated from their highs over concerns that the job additions may prove temporary in the face of rising coronavirus cases as the materials and energy sectors outperformed," said Leon Lants, managing director at Stephens Inc. in Little Rock.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

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