Banking & Finance

2 Banks Join Arkansas Business' Largest Private Companies List

2 Banks Join Arkansas Business' Largest Private Companies List

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $34.2 billion in their most recent fiscal years, up more than 4 percent in a year.
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Fed's 'Beige Book' Survey Finds Modest Growth in Many Regions

The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors.
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US Bank Earnings Dip 2 Percent in 1Q Amid Low Oil Prices

The impact of low oil prices has continued to hobble the finances of U.S. banks, which posted increased loan losses in the first quarter driven by a huge jump in delinquent energy loans.
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SPONSORED: It's Time for Arkansans to say, 'No More Dumb Money!'

Partnership provides SmartDollar education and planning program to improve financial wellness. read more >

Burgundy Book: Most Arkansans Expect Economic Conditions To Stay the Same

According to a May survey of business contacts, 69 percent expect economic conditions in 2016 will be about the same as last year, an improvement from three months earlier, when a little less than half expected conditions to worsen. read more >

Man Sentenced in Fraud Scheme at More Than a Dozen Banks

An Arkansas man who led a bank fraud conspiracy has been sentenced to 11 years and two months in federal prison without parole. read more >

NLR Bowling Alley Picks Up $2.3M Deal

A bowling center in North Little Rock, an apartment project in downtown Little Rock, commercial land in west Little Rock and a former antiques store-floral shop-bank branch property in the Heights area of Little Rock. read more >

Arkansas Business Presents the 40 Under 40 Class of 2016

This week's Arkansas Business is dedicated to our 23rd class of 40 Under 40 honorees, those young leaders of business, government and nonprofits that our internal selection team believes readers need to know. read more >

Former Clinton Museum Store Draws $2.3M Sale (Real Deals)

610 President Clinton Avenue LLC, led by Mark Dake, bought its namesake property and former home of the Clinton Museum Store from the Bill, Hillary & Chelsea Clinton Foundation. read more >

Todd Connelly Promoted by Wells Fargo Advisors (Movers & Shakers)

Todd Connelly, branch manager of the El Dorado office of Wells Fargo Advisors LLC, has been promoted to managing director of investments. Connelly has 30 years of experience in the financial service industry. read more >

Main Street Lofts Could Find Buyer Before Foreclosure

A sale may be in motion at the money-troubled Main Street Lofts. This latest version involves all three buildings at the downtown Little Rock project. read more >

Cantrell Office Building Sale Exceeds $2.6 Million (Real Deals)

8114 Cantrell LLC, led by Billy Roehrenbeck, purchased its namesake project. read more >

Blocking And Tackling (Gwen Moritz Editor's Note)

It's easy in hindsight to spot errors. I don't know enough about auditing to know whether BKD's auditors were incompetent. I do know from hard experience that errors often seem obvious in hindsight, and while they may be the result of lazy technique, some errors are virtually unavoidable. read more >

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