Banking & Finance

Allied Auction Saw More Banks Bid; Chambers Garnishes Golden's Last Paycheck

Allied Auction Saw More Banks Bid; Chambers Garnishes Golden's Last Paycheck

The OREO component separated Today's Bank's winning bid of a negative $6.14 million from the pack. And in its collection efforts, Chambers last month garnished an $886 paycheck, one of Lex Golden's last paydays at Allied.
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No Surprise: Higher Pay Helps Attract, Retain Employees

All industries, from health care to manufacturing, have faced a shortage of workers. Kathy Deck, director of the Center for Business & Economic Research at the Sam M. Walton School of Business at the University of Arkansas, says increasing pay would be the first action she would suggest when companies can't find the right workers to fill positions.
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Planned Bank Buy Not First Time for Pinnacle, Central to Consider Merger

In 2009, Central Bank of Little Rock intended to merge with Pinnacle Bank of Rogers under the Pinnacle Bancshares banner. At the time, Pinnacle Bank's asset total stood at $126 million.
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Two Financial Centre Sold for $11.3M

Two Financial Centre at 10825 Financial Centre Parkway in west Little Rock sold for $11.3 million to local investment group Two Financial Centre Holding Co., the Kelley family and the Flake family. read more >

Bart Hester Proposes $105M Income Tax Cut

An Arkansas lawmaker says he'll file legislation next year to cut income taxes by $105 million, a move he says would benefit nearly 600,000 taxpayers in the state. read more >

Ross Family Gives $1M to Baptist Preparatory School

Mark and Dianne Ross have given $1 million to The Baptist Preparatory School of Little Rock, officials said Tuesday. read more >

Fed's James Bullard: Only One Rate Hike Needed Now

James Bullard, president of the Federal Reserve Bank of St. Louis, says one hike to a key interest rate is all that's needed right now. read more >

Online Recruitment Works If Done Correctly, Experts Say

Automated job-match programs — like Monster, Indeed, Glassdoor, Career Builder, Dice and the state-run Arkansas JobLink — are still useful, but experts say employers have to use them smartly to get the best results. read more >

Signs of the Times (Gwen Moritz Editor's Note)

Most of us who have been in the workplace for a while have encountered the most frustrating kind of co-worker: the one whose hard skills are good, or good enough, but whose soft skills create tension. read more >

A Holiday Proposal (Editorial)

To those who think we already have too many federal holidays, we tend to agree. That's why we're proposing eliminating Columbus Day and replacing it with Election Day. read more >

Employment, Earnings Tied to Education Credentials

Unsurprisingly, the more education a worker has the likelier she is to have a job and the higher her earnings are, although a professional degree — physician, lawyer — means both a lower unemployment rate and higher earnings than a doctoral degree. read more >

Employers Seek Hires With Soft Abilities Like Attitude, Teamwork

“Skills gap” discussions often pivot on abilities or qualifications that employers find in short supply, but broader communication and human interaction traits are more likely to determine success or failure on the job, human resources experts say. read more >

$2.8 Million Transaction Visits LR's Legacy Hotel (Real Deals)

SHG Management LLC, led by Kishan Patel, bought the 86-room Legacy Hotel at 625 W. Capitol Ave. The seller is Southern Comfort Inns Inc., led by Amin Amarshi. read more >

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