The Llama Company was an investment bank founded by Alice Walton as a subsidiary of Walton Enterprises. It was headquartered in Fayetteville, Arkansas, 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 also operates a commercial bank, Arvest Bank. Alice's ownership stake in Llama likely prevented her from having equity in Arvest.