Robert "Ro" Arrington has been selected as the next president of the Arkansas Development Finance Authority, the state's largest bond issuer, the authority's board said.

Arrington, who has been serving as interim president since former authority President Mark Conine resigned in August, assumes the role immediately. He has worked at the authority since 2014 and was most recently vice president of homeownership and public finance, where he oversaw all aspects of the authority's bond issuance and administered the Single Family Homeownership Program, according to a news release.

The program closed a record $323.5 million in mortgage loans last year, according to a news release.

Arrington will now be responsible for leading a staff of more than 55 and administering the state's bond programs

See Full Page