Magnolia is a city in Columbia County, Arkansas, United States, that was founded in 1853. At the time of its incorporation in 1858, the city had a population of about 1,950. The city grew slowly as an agricultural and regional cotton market until the discovery of oil just east of the city in March, 1938, with the Barnett #1 drilled by the Kerr-Lynn Company. The Magnolia Oil Field was an important discovery, not just for the city but for the nation, as it was the largest producing field (in volume) during the early years of World War II, helping to fuel the American war effort. According to 2006 Census Bureau estimates, the population of the city is 10,478. The city is the county seat of Columbia County. It is also home to the World's Largest Charcoal Grill and the World Championship Steak Cookoff, part of the Magnolia Blossom Festival.

Banking And Finance Law Lawyers In Magnolia Arkansas

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What is banking and finance law?

Banking & Finance Law involves individuals and businesses in transactions with federal and state-chartered financial institutions -- including issues related to bank accounts, negotiable instruments, loans, interest rates, regulatory compliance, taxes, and more. Banking and finance law applies to those individuals and institutions that lend or borrow money. Lenders typically include banks, leasing companies, finance companies and other financial institutions. Borrowers are individuals, corporations, institutions or the government.