Banking & Finance

Southern Bancorp CEO Takes Care of Personal Tax Lien
John Olaimey

Southern Bancorp CEO Takes Care of Personal Tax Lien

John T. Olaimey, the president and CEO of Southern Bancorp Bank of of Arkadelphia, quickly paid a federal tax lien that was slapped against him last month.
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Biggest Deals in Arkansas Rise 11 Percent in 2016

Both the value and the volume of mergers and acquisitions in Arkansas rose last year, with the value increasing 11 percent to $9.8 billion and the volume rising 10 percent to 92.
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Searcy Upgrades Infrastructure for Chance at New 'Power Center' for Shopping

Public, private and public-private developments representing tens of millions of dollars in construction are in motion in Searcy. Three projects highlighting each category alone tally more than $42 million.
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Americans Buy Existing Homes at Fastest Pace in a Decade

Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. read more >

US Chamber, French Hill: Less Regulation Will Boost Economic Growth

French Hill and a U.S. Chamber representative say the economy is growing too slowly because regulations designed for international financial institutions have been imposed on community institutions. read more >

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Collision Center Buy Tops $2.5 Million (Real Deals)

LLArk Properties LLC of St. Louis Park, Minnesota, purchased the 40,000-SF Landers Collision Center at 10005 Col. Glenn Road from Aimco Equipment Co. LLC, led by Frank, Herren and Todd Hickingbotham. read more >

Venture Center's 2017 FinTech Accelerator Nets 295 Applicants

The Venture Center of Little Rock says 295 entrepreneur and startup teams have applied for its 2017 FinTech Accelerator, twice the number that applied for the inaugural program held last year. read more >

Arkansas Business Recognizes Finalists of 29th Annual Business of the Year Awards

Since 1988, Arkansas Business has honored the state's top executives, small businesses and nonprofits with the annual Arkansas Business of the Year Awards. read more >

Texarkana Convention Center Could Soon Change Hands

Texarkana Hotels, owned by Dr. Hiren D. Patel, has entered into a $6.6 million purchase agreement with James J. Naples, and will be seeking the court's approval of the sale. read more >

Robert Hopkins Steps Up at Little Rock Branch of Federal Reserve (Movers & Shakers)

Robert Hopkins has been promoted to regional executive and senior vice president of the Little Rock Branch of the Federal Reserve Bank of St. Louis. read more >

Bank of the Ozarks Having a Hot Time in Chicago

Steve Daniels, a senior reporter with Crains Chicago Business, reported last month on how developers of Chicago's "splashiest commercial real estate projects" are getting their loans and financing from an inconspicuous source: Bank of the Ozarks of Little Rock. read more >

Comfort Inn & Suites Transaction Checks In at $3.9M (Real Deals)

Andy & Andrew Hotel Investments LLC, led by Ashok Desai, purchased the Comfort Inn & Suites at 3915 McCain Park Drive, backed with a five-year loan of $4 million from Arkansas Federal Credit Union of Jacksonville. read more >

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