Banking & Finance

Financial Quarter Planned to Revitalize More of Downtown Little Rock

Financial Quarter Planned to Revitalize More of Downtown Little Rock

With hopes of revitalizing more of downtown Little Rock, studioMAIN is leading an effort to create the Financial Quarter, an area stretching from Sixth Street to the Arkansas River and Main Street to Broadway.
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Peoples Bank Names Debbie Arnold as VP

Debbie Arnold has joined Peoples Bank as Vice President of Marketing according to Mary Fowler, President and CEO.
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Home BancShares Names Stephen Tipton New COO

Stephen Tipton has been named the new Chief Operating Officer for Home BancShares and Centennial Bank.
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Southern Bancorp Community Partners Raises $2.5M to Expand Loans

Southern Bancorp Community Partners has raised $2.5 million toward a $5 million goal to expand its revolving loan fund for underserved communities in Arkansas and Mississippi. read more >

Bentonville Retains Top Spot on ATBI

Bentonville retains its spot atop the Arkansas Tech Business Index, while eight of the 18 cities listed on the index finished the second quarter of 2015 with a rating greater than 100. read more >

First National Bank of Lawrence County Bilked of at Least $3.9M

First National Bank of Lawrence County has been the victim of a fraud valued at approximately $3.9 million, President and CEO Milton Smith has acknowledged. read more >

AFCU Withdrawn from Tech Park Package

Arkansas Federal Credit Union was uninvited from participating in the consortium of lenders providing a $17.5 million financing package for the Little Rock Tech Park at the request of the Arkansas Bankers Association. read more >

Park Avenue Lofts Sells In $36M Transaction (Real Deals)

ER Park Avenue Apartments LLC, an affiliate of Equity Resources LLC of Birmingham, Alabama, purchased Park Avenue Lofts at 320 S. University Ave. The development previously was linked with a February 2012 mortgage of $21.6 million held by Arvest Bank of Fayetteville. read more >

Sins of Commission And Omission (Gwen Moritz Editor's Note)

Waiving his right to be indicted by a federal grand jury and pleading guilty has made Dennis Smiley Jr.'s prosecution faster and cheaper for all concerned, but it also means that there are a lot of things we'll probably never know about his crimes. read more >

‘Living Beyond His Means' Catches Up With Dennis Smiley Jr.

Henry Dennis Smiley Jr. — the Jr. matters in this case — pleaded guilty Tuesday to a single count of bank fraud. But the plea agreement identifies 23 banks as his victims, and that doesn't include Arvest Bank, which had trusted him to be president of its Benton County market. read more >

Update: Judge Sentences Martha Shoffner to 30 Months in Prison

U.S. District Court Judge Leon Holmes on Friday sentenced former Arkansas Treasurer Martha Shoffner to 30 months in federal prison, followed by two years of supervised release. read more >

US Economy Surged at 3.7 Percent Rate in April-June Quarter

The U.S. economy posted a much bigger rebound in growth during the spring than previously reported, thanks to improvements in a number of areas including consumer spending and business investment. read more >

Update: Dennis Smiley Jr. Pleads Guilty to Bank Fraud

H. Dennis Smiley Jr., the former president of Arvest Bank's Benton County market, waived indictment and pleaded guilty to defrauding 20 banks out of more than $4 million. read more >

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