Banking & Finance

Simmons Bank Drops National, Applies for State Charter

Simmons Bank Drops National, Applies for State Charter

Simmons First National Bank of Pine Bluff, the largest national bank chartered in Arkansas, filed a conversion application with the Arkansas State Bank Department.
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Personal Income in Arkansas Metro Areas See Increase

The eight metropolitan areas of Arkansas reported increases in local area personal income in 2014, with growth ranging from 1.6 percent in Pine Bluff to 4.1 percent in Fort Smith.
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Arkansas Sees Volume, Value of Biggest Deals Drop

The value of mergers and acquisitions last year reached a record high worldwide and in the United States, but Arkansas was a different story.
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Developmental Center Sells for $3.2 Million (Real Deals)

The sale of a 30,565-SF clinic in Little Rock, a string of apartments in the Hillcrest area and an 82-room motel in southwest Little Rock top the latest real estate transactions in Pulaski County.
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Donny Rogers Named President of Arvest Trust

Arvest Wealth Management CEO Jim King said Tuesday that Donny Rogers has been selected to replace Diane Wells as Arvest Trust president following Wells' planned retirement earlier this year. read more >

Yellen: Slower Rate Hikes On Tap If Economy Disappoints

Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could hamper growth and compel the Fed to slow the pace of future interest rate hikes. read more >

Arvest Adds Bill Jeffs to Central Arkansas Team (Movers & Shakers)

Bill Jeffs has joined Arvest Bank in central Arkansas as a wealth management and regional investment officer. Jeffs has more than 40 years of experience, including executive management positions in several large, multinational financial service firms. read more >

Dennis Milligan Signs Settlement in Ethics Violation

Arkansas Treasurer Dennis Milligan signed a settlement letter with the Arkansas Ethics Commission on Wednesday, agreeing to four findings of probable campaign reporting violations. read more >

Tech Park Plans to Close on Phase 1 Friday

The Little Rock Tech Park plans to close Friday on the purchase of downtown properties for the park's first phase, Director Brent Birch said during a meeting Wednesday. read more >

Arkansas Officials Predict Boost in Revenue Next Year

Arkansas finance officials are predicting the state will have more money available for its budget next year, forecasting a $106.8 million increase in revenue. read more >

Southern Bancorp Community Partners Names New Policy Director

Southern Bancorp Community Partners announced Monday the hiring of Jennifer Johnson as the organization's new director of public policy. read more >

Facebook Posts Raise Questions For Employers

The Arkansas Court of Appeals ruled in December that a woman who was fired for posting “arguably” critical comments about her employer on Facebook could receive unemployment benefits. It's the latest decision in an escalating legal war between employment and social media. read more >

The Art of the Plea Deal (Gwen Moritz Editor's Note)

While the sentence was up to Judge Holmes, defense lawyer W.H. Taylor of Fayetteville negotiated a deal in which Dennis Smiley Jr. pleaded guilty to only a single count of bank fraud — but he had to accept responsibility and restitution for more than 20 bank victims and their combined losses of nearly $5 million. read more >

Update: Dennis Smiley Sentenced to 97 Months, Restitution of $4.9M

H. Dennis Smiley Jr., the former bank president who pleaded guilty last year to bank fraud, was sentenced Thursday to 97 months in federal prison followed by two years of supervised release. read more >

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