Raymond Rebsamen (Arkansas Capital Corporation)
Overview
Raymond Rebsamen (1898-1975) was an influential businessman and philanthropist based in Little Rock, Arkansas. He is most notably recognized for founding Rebsamen Insurance, which became one of the nation's top 50 brokers before being sold to Regions Financial Corporation. Additionally, Rebsamen was a prominent figure in urban development and planning, contributing significantly to the economic and cultural landscape of Arkansas. His philanthropic endeavors include donating land for educational institutions and supporting urban renewal initiatives. Rebsamen played a pivotal role in the establishment of the Arkansas Capital Corporation, a key player in transforming Arkansas from an agricultural to an industrial economy.
Recent Developments
Despite his passing in 1975, Raymond Rebsamen's legacy continues to impact Arkansas, particularly through the institutions and initiatives he supported:
- 2023: Arkansas Capital Corporation, an entity Rebsamen helped establish, continues to make significant contributions to economic development in Arkansas. With over 1,300 loans disbursed and $2 billion in capital mobilized, the corporation remains a crucial economic driver.
- 2021: The Raymond Rebsamen Investment Trust remains active in educational and community service sectors, underscoring Rebsamen's enduring commitment to civic contributions.
- 2018: The Arkansas Governor's Cup, an initiative supported by Arkansas Capital Corporation to foster entrepreneurial skills among college students, celebrated significant involvement and achievements, reflecting Rebsamen’s vision for economic growth.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Raymond Henry Rebsamen |
| Born | April 8, 1898, in Lancaster, Texas |
| Nationality | American |
| Occupation | Businessman, Philanthropist |
| Known For | Founder of Rebsamen Insurance |
| Net Worth | Not publicly available |
| Education | University of Arkansas (did not complete) |
Early Life and Education
Raymond Rebsamen was born in Lancaster, Texas. His family later relocated to Fort Smith, Arkansas, where he was educated in public schools. Rebsamen attended the University of Arkansas, studying accounting, but his education was interrupted by World War I, during which he served in the U.S. Army. Despite not completing his degree, he became a certified public accountant in several states. His early career involved work in banking and as a field auditor for the U.S. Treasury Department, experiences that shaped his subsequent business ventures.
Career and Notable Achievements
Rebsamen's career was marked by numerous entrepreneurial achievements:
- Rebsamen Insurance (1928): Founded and grew into one of the top 50 insurance brokers in the U.S., eventually acquired by Regions Financial Corporation for $40 million in 2001.
- Business Ventures: Established several businesses, including Providential Life Insurance Company and Eagle Realty, organized under Rebsamen Companies, Inc.
- Philanthropy: Donated 80 acres for what became the University of Arkansas at Little Rock campus, and contributed significantly to local urban development.
- Urban Development: A founding member of the planning organization Metroplan and engaged in various civic initiatives promoting urban renewal and development.
Current Work and Impact
Though Rebsamen passed away in 1975, his impact remains through the entities he established and enriched, such as Arkansas Capital Corporation and Rebsamen Insurance. His philanthropic contributions and active roles in planning organizations have left lasting legacies in the state’s economic and social frameworks. His influence is still celebrated in Arkansas business and community spheres, with ongoing financial and infrastructural initiatives reflecting his commitment to growth and societal improvement.
Conclusion
Raymond Rebsamen's legacy is cemented in Arkansas's history through his innovative business practices and philanthropic efforts. His contributions to urban planning and economic development were foundational in transforming Little Rock into a thriving economic hub. The institutions he supported continue to thrive, reflecting his enduring impact. His pioneering spirit and civic dedication serve as a significant influence in Arkansas’s continued economic and educational advancements.