Former Bank of Fayetteville President Mary Beth Brooks has been tapped to be the new director of the University of Arkansas Small Business and Technology Development Center.
Brooks officially joined the university on Aug. 27 as the center’s director and executive. As the Small Business and Technology Development Center’s director, Brooks will be responsible for leading an organization dedicated to helping small business owners and entrepreneurs “make lasting economic and social impacts to their communities,” according to a University of Arkansas press release.
To achieve this goal, the center offers an array of services, including training and consulting services, to businesses and entrepreneurs in Benton, Boone, Carroll, Madison, Marion Newton, Searcy and Washington counties.
Brooks worked in the banking industry for three decades and served as the President and CEO of the Bank of Fayetteville from 2004-2015. Prior to heading the Bank of Fayetteville, Brooks was an executive vice president at Arvest Bank, and before that, worked at National Commerce Bank of Memphis and BancorpSouth Bank.
U.S. Banker Magazine named Brooks one of the “25 Most Powerful Women in Banking in 2007, and she was named “Executive of the Year” by Arkansas Business Journal. Brooks was also named one of AY Magazine’s Powerful Women of Arkansas in 2012.
The University of Arkansas Small Business and Technology Center is a subsidiary of the Arkansas Small Business and Technology Center in Little Rock. Brooks will work alongside the lead office and other entrepreneurial support organizations to aid small businesses throughout the state.
In the UA press release, Brooks said, “I am thrilled to be working with partners around the state as we grow the center’s services to small businesses in Northwest Arkansas. Our center is committed to ensuring existing and aspiring entrepreneurs have the resources and support they need to flourish.”