Banking & Finance

Federal Reserve Orders Allied Bank to Improve Equity Capital or Sell
Lex Golden

Federal Reserve Orders Allied Bank to Improve Equity Capital or Sell

Allied Bank of Mulberry has been ordered to take action to improve its equity capital or strike a deal to sell during the next 30 days.
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Bank of the Ozarks Getting Ready for Groundbreaking on New HQ

Bank of the Ozarks acquired more than 46 acres of mostly undeveloped property this summer, in preparation for its new headquarters. Those deals on the western end of The Ranch development totaled more than $12.5 million.
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Presumed Innocent (Gwen Moritz Editor's Note)

While I firmly believe in the presumption of innocence, I used to also assume that the awesome power of the government — especially the federal government — is never wielded cavalierly. The John Stacks case has challenged that assumption at every turn.
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No Changes Expected in First State Bank Change of Control Approval

The Arkansas State Bank Department has given preliminary approval to an application for a change of control at First State Bank of Russellville.
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OK Foods Promotes Pair in Fort Smith (Movers & Shakers)

Amy Szadziewicz has been promoted to vice president of quality and food safety at OK Foods Inc. of Fort Smith, and Brent Glasgow has been promoted to vice president of operations. read more >

Holiday Inn Express Sale Checks In at $5.1 Million (Real Deals)

A limited liability company led by Ishverbhai Govind purchased the 1.5-acre, 69-room hotel on East McCain Boulevard in North Little Rock. read more >

Mike Malone Stepping Down As Northwest Arkansas Council CEO

Mike Malone announced he will leave the Northwest Arkansas Council where he has served as president and CEO of the nonprofit since 2006. read more >

3 Things Every Business Should Know About Attorney-Client Privilege (Rodney Moore Commentary)

Understanding how the attorney-client privilege works is important for businesses of all types and sizes. Here's three key things every business should know about attorney-client privilege. read more >

SPONSORED: New Regulations Affect Trustees Of Retirement Plans

A retirement plan review with experts can reduce risk and maximize benefit to employees. read more >

'Problem Assets' Spur Fundraising at Heartland Bank

The parent company of Heartland Bank is raising $3 million “to meet the working capital needs of the holding company while we're preserving the capital of Heartland Bank,” said Judy Lawton, president. read more >

Arkansas Employers Help With Retirement Advice, Tools

David George doesn't apologize for using scare tactics when he gives seminars at part of the Investor Education Program for the Arkansas Securities Department. read more >

Arkansas Homeowners No Longer Playing With House Money

Once upon a time, homeowners thought it was perfectly fine — smart even — to carry greater debt on their houses and take out the equity as cash for investments. After all, interest rates were low, homebuyers were eager, and everyone knew that housing could never decline in value. Well, that last part turned out to be a fairy tale. read more >

The Truth Is Out There (Gwen Moritz Editor's Note)

This keeps me awake at night: The knowledge that there are important stories of value and interest to my readers, or of importance to our community or our country, that aren't being reported because news organizations don't know about them and there might not be enough warm bodies to do the work even if we did. read more >

Townsell, King Take New Roles at Centennial Bank (Movers & Shakers)

Donna Townsell has been promoted to director of marketing for Centennial Bank of Conway, and Eric King has been named senior business development officer. read more >

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