{"id":138503108,"date":"2023-02-15T21:09:59","date_gmt":"2023-02-16T02:09:59","guid":{"rendered":"https:\/\/acccapital.com\/new-acc-internship\/"},"modified":"2026-04-02T12:54:04","modified_gmt":"2026-04-02T16:54:04","slug":"new-acc-internship","status":"publish","type":"post","link":"https:\/\/acccapital.com\/hi\/new-acc-internship\/","title":{"rendered":"First Intern Hired for Arkansas Capital’s Initiative to Increase Minority Representation in Lending Career Fields"},"content":{"rendered":"

Arkansas Capital, in partnership with the University of Arkansas at Little Rock (UALR)<\/a>, has launched a new \u201cMinority Careers in Lending\u201d internship program for the 2023 spring semester and is pleased to welcome Lamar Townsend, a student at UALR, as its inaugural intern.<\/p>\n\n\n\n

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The goal of the internship is to increase minority representation in the economic development and lending industries by offering a real-world opportunity for college students interested in pursuing careers in these fields. The internship is paid, and there is an additional stipend for tuition, room and board, and related expenses.<\/p>\n<\/div>\n\n\n\n

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Lamar Townsend<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div><\/div><\/div>\n\n\n\n

Townsend is pursuing bachelor\u2019s degrees in Finance\/Real Estate and in Political Science. He expects to complete his studies in 2024.<\/p>\n\n\n\n

In 2023, Arkansas Capital is celebrating 65 years of work and successful partnerships with commercial banks, government agencies, and other organizations from the local, state, regional, and national levels in providing fair and responsible financing packages to distressed areas.<\/p>\n\n\n\n

Since 1957, nearly $2.4 billion has been deployed, resulting in over 11,000 jobs created. In 2015, Arkansas Capital was designated by the U.S. Department of Treasury as a Community Development Financial Institution<\/a> (CDFI), which is only for organizations with a proven track record of generating economic growth and opportunities in distressed areas.<\/p>\n\n\n\n

CDFIs must also demonstrate future commitment to serve these areas. According to CEO Sam Walls, the internship was also designed for staff to learn from the intern\u2019s real-life experiences to help steer the company\u2019s strategic focus of advancing opportunities for minority and female small business owners.<\/p>\n\n\n\n

\u201cMinorities are still under-represented in the lending industry,\u201d said Walls. Arkansas Capital feels creating this opportunity is a natural extension of our work as a CDFI and our team is very excited about this initiative. We appreciate UALR for working with us to make it happen. It is our hope that in the future we can expand this program to other colleges and universities around Arkansas.\u201d<\/p>\n\n\n\n

According to Dr. Deborah Baldwin, interim dean of the UALR College of Business, Health, and Human Services<\/a>, college students tend to rely on the experiences of their families and their family networks when choosing careers and often follow in their parents\u2019 footsteps. \u201cFinding pathways into banking and finance can be a challenge. Arkansas Capital\u2019s new internship program opens a new door for those who have not previously considered careers in finance and banking,\u201d she said.<\/p>\n\n\n\n

Townsend says his internship experience has proven to be beyond his expectations. \u201cI have learned so much about Arkansas Capital and its SBA lending<\/a> and New Markets Tax Credits <\/a>programs,\u201d he said, adding, \u201cIt has been the best internship I\u2019ve had so far.\u201d<\/p>","protected":false},"excerpt":{"rendered":"

Arkansas Capital, in partnership with the University of Arkansas at Little Rock (UALR), has launched a new \u201cMinority Careers in Lending\u201d internship program for the 2023 spring semester and is pleased to welcome Lamar Townsend, a student at UALR, as its inaugural intern. Townsend is pursuing bachelor\u2019s degrees in Finance\/Real Estate and in Political Science. […]<\/p>\n","protected":false},"author":8,"featured_media":138503109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-138503108","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","entry"],"acf":[],"yoast_head":"\nFirst Intern Hired for Arkansas Capital’s Initiative to Increase Minority Representation in Lending Career Fields | ACC Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acccapital.com\/hi\/new-acc-internship\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Intern Hired for Arkansas Capital’s Initiative to Increase Minority Representation in Lending Career Fields | ACC Capital\" \/>\n<meta property=\"og:description\" content=\"Arkansas Capital, in partnership with the University of Arkansas at Little Rock (UALR), has launched a new \u201cMinority Careers in Lending\u201d internship program for the 2023 spring semester and is pleased to welcome Lamar Townsend, a student at UALR, as its inaugural intern. 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