Banking & Finance

LR Planning Commission Rejects Regions Bank Rezoning Request in the Heights
Regions Bank's request for a rezoning of the property shaded in red above was denied.

LR Planning Commission Rejects Regions Bank Rezoning Request in the Heights

A proposed 3,200-SF Regions Bank branch in the Heights neighborhood of Little Rock has run up against some opposition.
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Household Debt: Delinquency Rate Hits Lowest Point Since '08

The New York Fed's Quarterly Report on Household Debt and Credit shows that overall household debt in the U.S. fell by $18 billion during the second quarter of 2014 compared with the first quarter. Housing debt stood at $8.62 trillion in the second quarter, while nonhousing debt was $3.02 trillion.
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Bank Branch Count in Arkansas Dwindles After Mergers

After reaching a peak of 1,513 in mid-2008, Arkansas' branch network had fallen to 1,388 as of this year's summary of deposits, which was released on Sept. 29. A net reduction of 54 branches happened in the 12 months that ended June 30.
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Relyance Branching Out Into Heights

On Feb. 15, the Pine Bluff lender will be taking possession of leased quarters at 1801 N. Fillmore St. currently occupied by Regions Bank.
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Arvest Consumer Survey: Arkansans' Opinion of Economy Improving

Arkansas consumer sentiment is up slightly in Arvest Bank's most recent survey, but it's still lower than surrounding states and considerably lower than the national outlook on the economy. read more >

‘I've Got Suits Older Than You' (Gwen Moritz Editor's Note)

When I arrived at Arkansas Business in August 1999, I really didn't know any business leaders in Arkansas. I was born and raised in Arkansas, and I had been a local government reporter in Pine Bluff and an education reporter for the old Arkansas Gazette. But the only business reporting I had done was in Nashville, Tennessee, so even business legends like William H. Bowen were new to me. read more >

Tyson Family Stock Nears $3 Billion; Waltons No. 1 On Top Stockholders List

The second-wealthiest family in northwest Arkansas, the Tysons, saw their stock holdings increase by nearly $1 billion over the past year — an increase of more than 40 percent. read more >

Cameron Smith & Associates' Mission To Put More Women in Public Company Boardrooms

Diversity on corporate boards has been an issue for years. Most companies recognize that having directors from varied backgrounds isn't simply a theoretical matter of equity; it's a matter of performance. Cameron Smith wants to use the contacts built up over 20 years of helping to put women on corporate boards. And women — particularly in Arkansas — could use his help. read more >

Tire Center Transaction Tops $1.5M in NLR (Real Deals)

A 43,444-SF tire center in North Little Rock tipped the scales at $1.52 million. read more >

William H. Bowen Dead at 91; Funeral Details Released

William H. Bowen — lawyer, banker and political adviser — died Wednesday at age 91. The funeral is scheduled for 10 a.m. Monday at First United Methodist Church in Little Rock. read more >

Brad Phelps Named Associate General Counsel for Arkansas State University System (Movers & Shakers)

Brad Phelps, formerly chief deputy attorney general for the state of Arkansas, has been named associate general counsel of the Arkansas State University System. read more >

Barbara Goswick, Don Smith Top List of CFO of the Year Honorees

Arkansas accounting professionals took an unaccustomed turn at center stage last Wednesday at the Arkansas Business CFO of the Year Awards luncheon at the Embassy Suites in west Little Rock. read more >

Report: Midwest Economic Index Drops Again

A monthly economic survey index for nine Midwestern and Plains has dropped again. Creighton University economist Ernie Goss oversees the survey, and he says sharp declines in grain and crude oil prices drove down the overall index for the month. He says the index figure points to slow economic gains ahead. read more >

Vitamin Shoppe Attracts $3.7 Million Transaction (Real Deals)

Big projects in North Little Rock change hands with an 8,200-SF retail project on McCain Blvd., a big piece of a 276,231-SF Gregory Street warehouse, and the closed Belwood Elementary school. read more >

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