| Type | Private |
|---|---|
| Industry | Investment banking |
| Founded | 1988 |
| Founder | Alice Walton |
| Defunct | 1998 |
| Headquarters | Fayetteville, Arkansas |
Number of employees | 90 |
The Llama Company was an investment bank founded by Alice Walton as a subsidiary of Walton Enterprises.[1] It was headquartered in Fayetteville, Arkansas, and was founded in 1988, and was engaged in corporate finance, public and structured finance, real estate finance and sales and trading. Walton was President, Chairperson, and CEO of the company.[2] The Walton family also operates a commercial bank, Arvest Bank. Alice's ownership stake in Llama likely prevented her from having equity in Arvest.[3]
Although initially somewhat successful, the bank was closed in 1998 due to Walton's legal problems and economic uncertainty that also caused the failure of Long-Term Capital Management, a hedge fund.[4][5] Llama went defunct approximately one month after Walton resigned from her role as its chief executive. Upon closure, the bank employed roughly ninety people.[3]
References
- ^ Lee, Louise (8 October 1996). "Family Legacy? A Walton Starts Small, Has Big Dream". The Wall Street Journal. Retrieved 3 April 2016.
- ^ Gill, Todd (16 February 2012). "Alice Walton to receive honorary degree from the University of Arkansas". The Fayetteville Flyer. Retrieved 3 April 2016.
- ^ a b Serwer, Andy (15 November 2004). "THE WALTONS/ INSIDE AMERICA'S RICHEST FAMILY". Fortune. Archived from the original on 2022-12-15. Retrieved 3 April 2016.
- ^ Tobler, Christopher (17 October 1994). "Walton's Llama Co. comes of age; founder, new CEO ready to take firm to next level". Arkansas Business. Archived from the original on 3 May 2016. Retrieved 3 April 2016.
- ^ Barnes, Steve (22 November 1998). "New Home on the (Texas) Range". The New York Times. Retrieved 3 April 2016.
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This page was last edited on 22 April 2023, at 22:35