Banking & Finance

Home BancShares Announces Purchase of Another Florida Bank
John Allison, chairman of Home BancShares Inc., said his latest Florida bank deal is "a nice opportunistic acquisition."

Home BancShares Announces Purchase of Another Florida Bank

The parent company of Centennial Bank of Conway will pay between $33 million and $33.9 million in cash and stock for Broward Financial Holdings Inc.
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Arkansas Business Presents the 2014 Power List

Arkansas Business introduced “The Power List” in 2006, and after updating it annually for a few years, we decided to spread it out. That means there have been a lot of changes in 20 industries and professions since our last installment in 2011, so we've been doing a lot of rounding up of resumes and photos in the last few weeks.
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A Closer Look: Arkansas Unemployment and Employment

The unemployment rate in Arkansas fell in June to 6.2 percent, but the number of people employed “continues to be a source of concern,” state economic forecaster Michael Pakko noted recently.
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One Bank Turns Attention to Scooter Stuart Life Insurance Payouts

The leadership at One Bank & Trust has steered the Little Rock lender back to court in a new lawsuit connected with its former owner, Layton “Scooter” Stuart
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Bank of the Ozarks Acquires Intervest Bancshares Corp. In $228.5M Deal

Bank of the Ozarks Inc of Little Rock announces a $228.5 million deal to acquire Intervest Bancshares Corp. and its wholly-owned bank subsidiary, Intervest National Bank. read more >

Brandon Barber Should Serve About 20 Years, Feds Say

Brandon Barber's day of reckoning approaches — he's scheduled for sentencing in Fort Smith on Aug. 13 — and federal prosecutors think the bankrupt northwest Arkansas real estate developer should spend a very, very long time in prison. read more >

Businesses Have 3 Weeks Left to Apply for Loans

Arkansas small businesses have three weeks left to apply for U. S. Small Business Administration loans because of the drought that began last July. read more >

Home BancShares Raises Quarterly Dividend 33 Percent

Home BancShares Inc. of Conway raises its quarterly dividend 33 percent to 10 cents per share. read more >

Bank of the Ozarks Responds to 'Say on Pay' Vote

Say-on-pay votes are not binding in the first place, and the vast majority pass, but say on pay is having an impact even for companies whose compensation packages get voter approval, and a perfect example is in Little Rock: Bank of the Ozarks Inc. read more >

Wal-Mart Execs Naturally Dominate List of Executive Compensation

Top executives at the world's largest company continue to dominate Arkansas Business' annual list of public company executive compensation, starting with the new CEO, Doug McMillon. read more >

Proposal Would Raise Arkansas' Minimum Wage Rate

Arkansas' minimum wage of $6.25 an hour, which applies to all employers with four or more employees, is one of only four state minimums that remain below the federal wage of $7.25 hourly. read more >

Carrington Complex Draws $21.5 Million Transaction (Real Deals)

A 202-unit apartment complex in west Little Rock weighed in at $21.5 million, and a 1,209-SF bank branch in west Little Rock is under new ownership after a $1.22 million sale. read more >

Lessons Learned (Editorial)

One of our best additions to the pages of Arkansas Business in our redesign three years ago has turned out to be the weekly Executive Q&A. It's a good way of getting new voices into the paper, voices largely unfiltered by editors because the Q&As are usually done via email and we publish the answers largely as written (though sometimes abbreviated because of space constraints). read more >

Simmons Bank's Daniel Robinson Promoted to Northeast Arkansas Community President

Daniel Robinson has been promoted from commercial loan officer to northeast Arkansas community president at Simmons Bank of Jonesboro. He joins Barry Ledbetter, who was recently promoted to regional chairman for central and northeast Arkansas. read more >

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