House Speaker Davy Carter will not run for governor

LITTLE ROCK (KATV) - House Speaker Davy Carter announced Friday morning he will not seek the Republican nomination for governor but will instead serve the state in private sector.

Friday morning Carter released this statement:

"After much deliberation, I have decided against a campaign for Governor at this time. In the past weeks I have had many calls of encouragement and offers of support from fellow Republicans, Independents and yes, even Democrats, all of which I very much appreciate. I love this state and I love public service. Although I will be returning to the private sector, I will find ways to remain involved in public service in Arkansas in the years ahead."

Home BancShares Inc. in Conway released a statement Friday morning announcing Carter as Executive Vice President. Carter formerly served as division president for Centennial Bank in Cabot, and he remains a member of the Centennial Bank Board.

Confirmed candidates for the gubernatorial race pursuing the Republican nomination include former U.S. Rep. Asa Hutchinson, State Rep. Debra Hobbs, and Little Rock Businessman Curtis Coleman.

Former Congressman Mike Ross and Former Lt. Gov. Bill Halter are seeking the Democratic nomination.