Banking & Finance

Machen, Billings Promoted at Bear State Financial

Machen, Billings Promoted at Bear State Financial

Bear State Financial Inc. of Little Rock, the holding company for Bear State Bank, announced Wednesday that it had promoted James M. Machen and Sherri Billings within the bank.
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Simmons First 1Q Net Income Up 170 Percent

Simmons First National Corp. of Pine Bluff on Thursday reported first-quarter net income of $23.5 million, up 170 percent from $8.7 million in the same quarter last year.
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10 Startups Chosen For FinTech Accelerator Launching May 16

Ten startups have been offered the opportunity to participate in the VC FinTech Acceleration program powered by global technology services provider FIS and hosted by the Venture Center in Little Rock.
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Home BancShares 1Q Net Income Up 33 Percent

Home BancShares Inc. of Conway on Thursday announced record first-quarter net income of $41.4 million for the quarter ended March 31, a 33 percent increase compared to the same period in 2015.
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Hanna's Candle Gets Burned in Court Judgment

Last week, Bank of America received a final judgment totaling $6.2 million against Hanna's Candle Co. of Fayetteville, its owner, Burt Hanna, and two of his limited liability companies. read more >

US Employment, Earnings Gains Rose in March

The U.S. economy continued to rebound in March, as private-sector employment and average hourly earnings rose. read more >

Crittenden Hospital Association Bankruptcy Case Could Last Into 2018

It might take another two years before the Crittenden Hospital Association's Chapter 7 bankruptcy liquidation is over, the trustee in the case said last week. read more >

Gateway Town Center Tracts Top $10.4M (Real Deals)

Undeveloped commercial land in Little Rock's Gateway Town Center project generated two seven-digit transactions. read more >

Cara Lank Joins Ranks at Stone Bank of Mountain View (Movers & Shakers)

Cara Lank has joined Stone Bank of Mountain View as vice president and credit officer. read more >

Fed Keeps Key Rate Unchanged; No Hint on Timing of Next Hike

The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur. read more >

No Fed Rate Hike Expected Today, But What About in June?

On this, pretty much every economist agrees: The Federal Reserve will keep interest rates unchanged when it ends its latest policy meeting Wednesday. read more >

US New-Home Sales Fall in March for Third Straight Month

Americans stepped back from buying new homes in March, the third straight monthly decline as sales plunged sharply in the Western states. read more >

AMR Construction Begins Foreclosure Action on Main Street Lofts

Little Rock's AMR Construction LLC staked a priority claim to recover $896,756 for unpaid work on the unfinished three-building, 125,000-SF redevelopment at 510-524 Main St. read more >

Construction Booms in a Growing Northwest Arkansas Market

The costs of building things have gone up in northwest Arkansas, developers say. It's not just that land value has risen, but construction and labor costs have also grown. read more >

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