Banking & Finance

Gleason: Record Loan Growth, Other Factors Boosted Bank of the Ozarks
George Gleason

Gleason: Record Loan Growth, Other Factors Boosted Bank of the Ozarks

Record growth in loans, unfunded loans and deposits helped return Bank of the Ozarks to its familiar road of record earnings. The company held its annual shareholders meeting Monday at the corporate headquarters in west Little Rock.
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Affiliated Foods Bankruptcy Case Lingers with U.S. Bank Lawsuit

Earlier this month, Affiliated Foods Southwest Inc. entered its seventh year in bankruptcy court. Affiliated Foods, once one of the state's largest private companies, reported $47.6 million in assets and $101.5 million in debt — $62.5 million of it unsecured — when it filed for bankruptcy on May 5, 2009.
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Justices Make It Easier to Sue over 401(k) Retirement Plans

The Supreme Court ruled unanimously Monday in favor of participants in employee retirement plans who object to companies' investment decisions that eat into retirement savings.
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Concerns Voiced About Red Alert Proposal in John Rogers Case

The $28 million cash offer to acquire the photo archives and sports memorabilia assets once owned by John Rogers has drawn objections and cautionary filings.
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Farmland, Retail Property Highlight Recent Million-Dollar Deals in Lonoke County

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Contractor Lewis May Resolves One Lawsuit, Faces Others

Embattled Little Rock general contractor Lewis May agreed last week to pay a $3.38 million judgment. read more >

Courtney Little Assumes Role as CareLink Chairman (Movers & Shakers)

Courtney Little, president of ACE Glass Construction in Little Rock, has been named chairman of the CareLink board of directors. He replaces Stacey Duckett, who died in March. Sandra Prater, owner of Prater Auto Sales in Jacksonville, is a newly elected board member. read more >

Familiar Face Leads Bank of the Ozarks In Carolinas

What began in 2001 as a one-woman loan production office in Charlotte, North Carolina, has blossomed into a leading franchise for Little Rock's Bank of the Ozarks. read more >

Future of Allied Bank Could Be Decided by June Ruling in Acme Case

Three of the largest creditors of Acme Holding Co. recently submitted briefs in support of converting the bank holding company's Chapter 11 reorganization to Chapter 7 liquidation. read more >

Wal-Mart Closes on Land for New Fayetteville Store (NWA Real Deals)

Wal-Mart Stores Inc. closed on a 6.1-acre property in south Fayetteville where the company plans to build a Neighborhood Market. read more >

Vantage Point Apartments Attracts $11 Million Sale (Real Deals)

A 228-unit apartment complex in Little Rock's Riverdale area tipped the scales at $11 million. read more >

Big Companies, Big Revenue: 75 Largest Private Companies in Arkansas Worth $32.8B

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $32.8 billion in their most recent fiscal years, up nearly 7 percent in a year. read more >

Arkansas Business Hall of Fame Seeks Nominations

The selection committee for the Arkansas Business Hall of Fame is now accepting nominations for the 2016 class of inductees. read more >

5 Global Banks Fined More Than $5B, to Plead Guilty to Market Rigging

A group of global banks will pay more than $5 billion in penalties and plead guilty to rigging the world's currency market. read more >

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