History of Llama Company in Timeline
The Llama Company was an investment bank established in 1988 by Alice Walton, operating as a subsidiary of Walton Enterprises. Based in Fayetteville, Arkansas, it provided services in corporate, public, structured, and real estate finance, along with sales and trading. Alice Walton held the positions of President, Chairperson, and CEO. The Walton family's involvement in both Llama Company and Arvest Bank, a commercial bank, suggests a broad financial portfolio. Alice Walton's ownership in Llama likely meant that she could not have any equity in Arvest bank at the same time.
1988: Llama Company Founded
In 1988, Alice Walton founded The Llama Company, an investment bank and subsidiary of Walton Enterprises, headquartered in Fayetteville, Arkansas. The company engaged in various financial activities including corporate finance, public and structured finance, real estate finance, and sales and trading.
1998: Llama Company Closed
In 1998, The Llama Company closed due to Alice Walton's legal problems and economic uncertainty, including the failure of Long-Term Capital Management. The closure occurred approximately one month after Walton resigned as chief executive. At the time of closure, the bank employed around ninety people.
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