Banking & Finance

Rickenbach Indictment Reveals More Details of One Bank Under Scooter Stuart
Gary Rickenbach

Rickenbach Indictment Reveals More Details of One Bank Under Scooter Stuart

One Bank & Trust's foolhardy loan of $1.5 million to a penny-stock operator resulted in a federal criminal indictment of former EVP Gary Rickenbach. But a second indictment brings new revelations about the management mess there under the late Layton “Scooter” Stuart.
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13 Lenders Produce ROE Of More Than 13 Percent

A baker's dozen of Arkansas banks generated returns on equity that topped 13 percent during 2013. Positioned No. 1 among this profitable group is Riverside Bank, headquartered in Little Rock but chartered in Sparkman (Dallas County).
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Three More Banks Sue Dennis Smiley Over Loans

Three more lenders have joined the growing line of banks suing former Arvest Bank executive H. Dennis Smiley Jr. of Rogers.
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NWA Housing Rebound Cheers Homebuilders

The housing collapse and subsequent recession were body blows to housing developments in northwest Arkansas, but now, there are signs of life and hope.
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Wal-Mart Jumps Into the Money Transfer Business, Loudly

Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business. read more >

Home BancShares Eyes Another Florida Bank, Expects More Acquisitions

Home BancShares Inc. of Conway is pursuing a deal to purchase Florida Traditions Bank, which has eight branches between Orlando and Tampa, Home BancShares Chairman Johnny Allison said Thursday night at the company's annual shareholders meeting in Little Rock. read more >

Simmons First 1Q Profit Down 27 Percent

Simmons First National Corp. of Pine Bluff on Thursday reported a 27 percent decline in first-quarter profit but said "core earnings," which exclude one-time costs related to its purchase of Metropolitan National Bank of Little Rock, rose compared to the same quarter last year. read more >

Home BancShares' 1Q Profit A Record, Up 56 Percent

Home BancShares Inc. of Conway on Thursday announced another record quarterly profit as it continues to integrate the operations of Liberty Bancshares Inc. of Jonesboro. read more >

April Beige Book Reports Overall Activity Down Across Arkansas, 8th District

The April book reports a net decrease in manufacturing activity across the district, a decrease in residential real estate activity, mixed results in commercial real estate, and a decrease in lending from district banks. read more >

Simmons Name Appears on Arkansas' Tallest Building

The new logo of Simmons First National Bank appeared over the weekend on the south side of Little Rock's tallest building, an installation timed specifically so that a photo of the high-profile branding could be shown at the Simmons First National Corp. annual shareholders meeting. read more >

Deadline to Nominate for Arkansas Export Awards is April 30

The awards honor Arkansas businesses that excel in the international marketplace, and will be presented at a Governor's Mansion luncheon on May 22. All Arkansas companies that sell in international markets are eligible to be nominated. read more >

Bank of the Ozarks 1Q Profit Up 26 Percent

The purchase of Omnibank of Houston pushed the Little Rock banking company's total assets above $5 billion. read more >

Rebounding Home Sales Grow Real Estate Agency Totals

Resurging home sales boosted the 2013 tally for many a real estate company in Arkansas. A measuring stick of the trend is the combined dollar volume of the 10 largest firms in the state, which grew by 23.4 percent. read more >

Bank of Fayetteville Sues Dennis Smiley, Arvest Bank

The Bank of Fayetteville sued former banker H. Dennis Smiley Jr. of Rogers on Monday to collect nearly $480,000 owed for defaulted loans. It also named Smiley's former employer, Arvest Bank, as a defendant. Sources have told Arkansas Business that Smiley is facing a criminal investigation into allegations of loan fraud. read more >

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