Banking & Finance

Bank of the Ozarks Responds to 'Say on Pay' Vote

Bank of the Ozarks Responds to 'Say on Pay' Vote

Say-on-pay votes are not binding in the first place, and the vast majority pass, but say on pay is having an impact even for companies whose compensation packages get voter approval, and a perfect example is in Little Rock: Bank of the Ozarks Inc.
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Home BancShares Raises Quarterly Dividend 33 Percent

Home BancShares Inc. of Conway raises its quarterly dividend 33 percent to 10 cents per share.
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Businesses Have 3 Weeks Left to Apply for Loans

Arkansas small businesses have three weeks left to apply for U. S. Small Business Administration loans because of the drought that began last July.
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Brandon Barber Should Serve About 20 Years, Feds Say

Brandon Barber's day of reckoning approaches — he's scheduled for sentencing in Fort Smith on Aug. 13 — and federal prosecutors think the bankrupt northwest Arkansas real estate developer should spend a very, very long time in prison. read more >

Proposal Would Raise Arkansas' Minimum Wage Rate

Arkansas' minimum wage of $6.25 an hour, which applies to all employers with four or more employees, is one of only four state minimums that remain below the federal wage of $7.25 hourly. read more >

Carrington Complex Draws $21.5 Million Transaction (Real Deals)

A 202-unit apartment complex in west Little Rock weighed in at $21.5 million, and a 1,209-SF bank branch in west Little Rock is under new ownership after a $1.22 million sale. read more >

Lessons Learned (Editorial)

One of our best additions to the pages of Arkansas Business in our redesign three years ago has turned out to be the weekly Executive Q&A. It's a good way of getting new voices into the paper, voices largely unfiltered by editors because the Q&As are usually done via email and we publish the answers largely as written (though sometimes abbreviated because of space constraints). read more >

Simmons Bank's Daniel Robinson Promoted to Northeast Arkansas Community President

Daniel Robinson has been promoted from commercial loan officer to northeast Arkansas community president at Simmons Bank of Jonesboro. He joins Barry Ledbetter, who was recently promoted to regional chairman for central and northeast Arkansas. read more >

Ashley Group Could Bring New Life to Pleasant Crossing in Rogers

The Ashley Group of North Little Rock, one of the largest commercial property managers in the state, is looking to buy a mostly undeveloped 30.5-acre piece of the Pleasant Crossing development in Rogers. read more >

Layoffs, Branch Closures Firming Up as Simmons Readies To Close on Delta Trust

Some employees of Delta Trust & Bank were given notice last week that they might not be with the company after it is acquired by Simmons First National Corp. of Pine Bluff next month. read more >

One Bank Sells Former Scooter Stuart House

Syed and Ayesha Samad acquired the 12,350-SF mansion in west Little Rock's gated Hickory Creek neighborhood for $1.6 million. read more >

Home BancShares Completes Purchase of Florida Traditions Bank

Home BancShares Inc. of Conway, the parent company of Centennial Bank, completes its previously announced acquisition of Florida Traditions Bank. read more >

Arkansas Federal Credit Union Names Rodney Showmar President, CEO

Arkansas Federal Credit Union said Thursday that Rodney Showmar had been named its new president and CEO. read more >

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