The Llama Company was an investment bank founded by

Alice Walton Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart. In September 2016, she owned over in Walmart shares. As of October 2022, Walton has a net worth of $59 billion, making her the 19th-richest person, and ...

as a subsidiary of Walton Enterprises. It was headquartered in

Fayetteville, Arkansas Fayetteville () is the second-largest city in Arkansas, the county seat of Washington County, and the biggest city in Northwest Arkansas. The city is on the outskirts of the Boston Mountains, deep within the Ozarks. Known as Washington until ...

, 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. The

Walton family The Walton family is an American family whose collective fortune derived from Walmart makes them the richest family in the United States of America. Overview The three most prominent living members (Jim, Rob, and Alice Walton) have consist ...

also operates a commercial bank,

Arvest Bank Arvest Bank is a bank headquartered in Bentonville, Arkansas, with branches in Arkansas, Kansas, Oklahoma, and Missouri. It is the oldest bank in Arkansas and is on the list of largest banks in the United States. It is almost entirely owned by ...

. Alice's ownership stake in Llama likely prevented her from having equity in Arvest. 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 Long-Term Capital Management L.P. (LTCM) was a highly-leveraged hedge fund. In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York. LTCM was founded in 1 ...

, a hedge fund. Llama went defunct approximately one month after Walton resigned from her role as its chief executive. Upon closure, the bank employed roughly ninety people.

References

Banks established in 1988 Defunct financial services companies of the United States Banks disestablished in 1998 {{Bank-stub