Banking & Finance

Rodney Showmar Says AFCU Competing Against More Than Just Other Credit Unions and Banks

Rodney Showmar Says AFCU Competing Against More Than Just Other Credit Unions and Banks
Rodney Showmar   President and CEO of Arkansas Federal Credit Union of Jacksonville

Arkansas Federal Credit Union has 14 branches, more than $1.2 billion in assets and more than 102,000 members.
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Bank OZK Expands Board, Adds 2 New Members

Bank OZK of Little Rock, formerly known as Bank of the Ozarks, has increased the size of its board from 16 to 18 directors and elected Beverly Cole and Steven Sadoff to fill the resulting vacancies, effective immediately.
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Fed Finds Inequality in Wealth Distribution Growing

The distribution of income and wealth in the United States has grown increasingly unequal, according to the Federal Reserve.
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Farm Owners Say They Were 'Hoodwinked' Over Convoluted Loan Process This article is available only in print.

A Springdale couple is suing the buyers, the real estate agent and the bank involved in the sale of their chicken farm, saying they were “hoodwinked” in the convoluted process. read more >

Wellington Apartments Attract $17.8M Purchase (Real Deals) This article is available only in print.

An affiliate of Maxus Properties of North Kansas City, Missouri, bought the 12.22-acre Wellington at Chenal Apartments at 15000 Chenal Parkway. read more >

First Security Moves Forward Against Lauren James Following Foreclosure Sale

Now that the foreclosure sale of Lauren James' merchandise is over, First Security Bank of Searcy wants to move forward and have a judgment placed against the women's clothing company and its owners for defaulting on a loan. read more >

Trust Planning Smooths Way for Survivors

Financial experts are quick to point out that you don't have to be a millionaire to reap a trust's benefits. The tax benefits are obviously geared to helping the wealthy, but there are other nontax benefits of trusts. read more >

Build Trust If You Must, But Also Explore These Other Options

Trusts aren't the only devices people can use to pass down their fortunes, modest or massive. While a will leaves finances open to probate, which can be lengthy and costly and is a matter of public record, it is better than having no plan at all. read more >

Apartment Project Trio Spawns $20.3M Sale (Real Deals)

BBR Oil LLC of Iowa City bought the 280-unit Spanish Valley Apartments, the 181-unit Spanish Willows Apartments and the 109-unit Spanish Viento Apartments in southwest Little Rock. read more >

US Mortgage Rates Decline; 30-year At 4.59 Percent

Long-term U.S. mortgage rates are down this week amid a restrained home buying season this summer. read more >

Former Tyson CFO Dennis Leatherby Dies

Dennis Leatherby, Tyson Foods Inc.'s longtime CFO who retired in April, died Monday. He was 58. read more >

Open Jobs Outnumber US Unemployed for 3rd Straight Month

U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed people for the third straight month, signaling a solid economy. read more >

Left in Hole by Former President, Arkansas Baptist Rebuilds Enrollment

Little Rock's Arkansas Baptist College should be nearing completion of its second academic year of financial stability heading toward the start of the 2018 fall semester. That was the plan. read more >

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