Banking & Finance

Coal Company Digs Hole in Bankruptcy Case

Coal Company Digs Hole in Bankruptcy Case

Mississippi Minerals Inc. in Hartford (Sebastian County) and related companies filed for Chapter 11 bankruptcy protection last week, listing estimated debts of between $50 million and $100 million.
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Judge Bobby McCallister to Resign Dec. 15

Saline County Circuit Judge Bobby McCallister on Friday agreed to resign Dec. 15 following disciplinary charges linked to four felony counts related to tax evasion.
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Yellen to Step Down From Federal Reserve Board

Janet Yellen on Monday submitted her resignation from the Federal Reserve Board to President Donald Trump, announcing that she will leave the board when her successor is sworn in as Fed chairman.
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US 30-Year, Fixed-Rate Mortgage Rate Slips to 3.93 Percent

The rate on 30-year fixed-rate U.S. mortgages slipped to 3.93 percent this week. read more >

Fed Rate Increase is 3rd This Year; Foresees 3 More in 2018

The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8½ years after the end of the Great Recession. read more >

5 Things Small Business Owners Should Know About Tax Bills

Some small business owners may pay lower taxes under the Republican tax overhaul, but accountants and consultants will want to read the fine print carefully. read more >

Relyance Bank to Acquire Heartland Bank Branches

Relyance Bank of Pine Bluff said Wednesday that it will acquire Heartland Bank branches in Bryant, Fordyce and Sheridan and take on certain deposit accounts at Heartland locations in Little Rock. read more >

Centennial Bank, Johnny Allison Donate $10M to A-State Athletics

Arkansas State University renames the football field and names a planned athletics operations center following donations of $5 million each by Centennial Bank and the family of Johnny Allison. read more >

Fed Set to Raise Rates as Yellen Gives Final News Conference

Investors seem certain about this: The Federal Reserve is going to raise interest rates this week for the third time this year. read more >

Arkansas Bank 'Moving Forward' on Servicing Medical Marijuana Industry This article is available only in print.

An Arkansas bank says it's moving forward with plans to provide accounts for the state's forthcoming medical marijuana businesses and customers. read more >

Are Bank Holding Company Structures Still Beneficial? (Julie Stackhouse Expert Advice)

While the costs of maintaining a bank holding company form of ownership have been highlighted by those proposing to abandon it, numerous benefits exist. read more >

Education Construction Dots the State, Dominating Commercial Projects List

The tally of largest commercial projects in Arkansas reached $2 billion for the fourth consecutive year, powered in large part by education. read more >

Canopy Apartments Sale Tops $9.4 Million Mark (Real Deals) This article is available only in print.

An affiliate of DavisRE of Dallas bought the 240-unit apartment project in west Little Rock. The seller is Out In The Woods LLLP, led by James Jackson and Haskell Dickinson II. read more >

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