Banking & Finance

Banks Eyeing EMV, But Adoption Slow

Banks Eyeing EMV, But Adoption Slow
A credit card embedded with an EMV chip no longer needs a magnetic strip to make a transaction.

The race to get American consumers to use debit and credit cards equipped with EMV chips has been more of a sluggish walk than a run in recent years.
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Bear State Financial Merges 3 Bank Charters

Bear State Financial Inc. of Little Rock, the holding company for First Federal Bank, First National Bank and Heritage Bank, said it completed a merger of all three bank charters under one name, Bear State Bank.
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Sky's the Limit for Simmons First National Acquisitions

On Jan. 15, the Pine Bluff bank holding company registered a Cessna 560XL with the Federal Aviation Administration.
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Meet the Finalists of the 27th Annual Arkansas 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. Readers make nominations and an independent panel of judges selects the winners. read more >

Bank Earnings Nationally Drop 7.3 Percent in 4Q

U.S. banks' earnings dropped 7.3 percent in the fourth quarter from a year earlier as a few big banks had increased costs to settle legal cases and the industry had declines in income from the mortgage business. read more >

Janet Yellen Reiterates Fed's Patience in Raising Rates

Federal Reserve Chair Janet Yellen said Tuesday that the U.S. economy is making steady progress, but for now the Fed is sticking with patience in raising interest rates because the labor market is still healing and inflation is too low. read more >

Don Walker Named Regional Executive at Arvest Bank

Don Walker has been named regional executive of Arvest Bank, the company announced Monday. Walker has been Arvest's market president in Tulsa since 1998. read more >

Merger Match Brings on Ken Clark as 'Chief Storyteller'

Clark will consult with co-founders Bridget Farris and Alese Stroud and lead the development of strategic relationships for Merger Match's proprietary corporate acquisitions assessment tool. read more >

Dennis Smiley Sr. Sued Over Loans Taken for Son's Business

Community First Bank of Harrison sued Dennis Smiley Sr. last month claiming he owes nearly $250,000 for defaulted loans. read more >

Investors Scoop Up Former Dollar Generals (NWA Real Deals)

An investment group bought two former Dollar General buildings in northwest Arkansas for a total of $775,900. Raymond Merrill paid $1.9 million for University Village Center at 1545 W. 15th St. in Fayetteville. And Adam Yates, owner of Razorback Awning & Ironworks, bought the former home of Dennis Home Furnishings at 3525 S. School Ave. in Fayetteville. read more >

Conway Hopes To Lure Business to New Airport at Cantrell Field

Nearly six months after the opening of the new Conway municipal airport, the facility is already buzzing with activity. The planners behind the project have also set their sights on the next steps to grow its role in the state and attract business. read more >

Valuing John Rogers Assets an ‘Interesting' Exercise

A $59 million offer to buy the photo archives and sports memorabilia collected by John Rogers has proven as ethereal as the wondrous asset valuations the embattled businessman once proclaimed. read more >

FDIC Gets Nearly $900K in Judgment Against Acme's Alex Golden

The award in Atlanta U.S. District Court is divided between more than $780,000 owed on a delinquent loan and nearly $118,000 in attorney fees. read more >

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