Banking & Finance

Bear State's Matt Machen to Lead Enhanced Services at Arvest Bank
Matt Machen

Bear State's Matt Machen to Lead Enhanced Services at Arvest Bank

Arvest Bank of Fayetteville names Matt Machen regional executive of enhanced banking services.
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Sued for Malpractice, Vaughn-Michael Cordes Files for Bankruptcy This article is available only in print.

A Fayetteville attorney who was involved in an adoption case that resulted in a malpractice lawsuit against him has filed for Chapter 13 bankruptcy reorganization, listing potentially $1.9 million in debts.
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Jerome Powell: Fed Concerned About Rural Poverty

Federal Reserve Chairman Jerome Powell said Thursday that the U.S. economy overall is strong but many rural areas are falling farther behind.
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First Security Adds Three in Russellville (Movers & Shakers)

Rance Looney has accepted the position of senior vice president, lender, at First Security Bank in Russellville. Kristen Jeffery and Carolyn Hottinger are also new members of the team.
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Winrock Innovation Fund Get $576K from Commerce Department

The U.S. Department of Commerce awards a $576,302 grant to Winrock International's Innovation Fund, or I-Fund, through the Economic Development Administration's Regional Innovation Strategies program. read more >

MediPays Rebrands Online Platform for Marijuana Businesses

MediPays of Little Rock has rebrands its full-service online banking platform for marijuana-related businesses with a new name, Abaca. read more >

US Wholesale Prices Rise 0.1 Percent, A Sign Inflation In Check

U.S. wholesale prices barely rose last month as a sharp decline in the cost of gas offset pricier freight trucking services and mobile phone plans. read more >

Rett Hatcher Joins Gilmore Strategy Group

Gilmore Strategy Group of Little Rock, a political consulting and lobbying firm, adds Rett Hatcher as a partner in the firm. read more >

Largest Commercial Projects in Arkansas Top $2.1B

This marks the fifth consecutive year that the roster of largest commercial construction projects in Arkansas topped $2 billion. The 2018 list consists of 160 projects around the state that represent a combined dollar total of $2.1 billion. read more >

Little Rock Voters Choose Frank Scott Jr. for Mayor

A banking executive and former highway commissioner won Tuesday's runoff for Little Rock mayor, becoming the first African-American elected to lead Arkansas' capital six decades after it was the center of a school desegregation crisis. read more >

Simmons Sues Soul of the South Investors

Simmons Bank of Pine Bluff sued to recover the a $1.4 million collection effort from the leading investors in the troubled Soul of the South venture. read more >

Partners Bank Picked as New Name for HNB

The new management of the bank formerly known as Helena National Bank has settled on a new name following its conversion to a state charter in October read more >

No Word on Whether HomeBank Plans to Pass on Cannabis Banking

It's been almost exactly a year since Whispers first reported that HomeBank had hooked up with a third-party vendor of cannabis banking services, Safe Harbor Services LLC, a subsidiary of Partner Colorado Credit Union. read more >

Accounting Firm 'Merger Mania' Comes to Arkansas

Three major mergers involving Arkansas companies over the past year have shuffled this year's list of largest accounting firms in Arkansas considerably. read more >

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