FAYETTEVILLE, Ark., Sept. 17 -- The University of Arkansas issued the following news release:

Judy and Lance McReynolds of Fort Smith have committed $500,000 to the University of Arkansas' Sam M. Walton College of Business to support Mandy and Bill Dillard II Hall, the college's newly planned academic building.

In recognition of the gift, a 135-seat classroom on the third floor of Dillard Hall will be named the Judy and Lance McReynolds Classroom. The space will become part of a new academic facility designed to bring more Walton College students and classes together while creating additional opportunities for learning, collaboration and engagement.

"Supporting Dillard Hall is important to us because it's an investment in the future of W...