Banking & Finance

In Lawsuit, Arvest Bank Seeks $467K From Dennis Smiley Jr.
Dennis Smiley Jr.

In Lawsuit, Arvest Bank Seeks $467K From Dennis Smiley Jr.

Arvest Bank of Fayetteville has sued to collect more than $467,000 in delinquent debt associated with its former Bentonville market president Dennis Smiley. Arvest's actions make it the 11th bank to file details of delinquent loan claims associated with Dennis Smiley Jr. The two lawsuits pushes the known claims against Smiley to about $2.5 million.
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IberiaBank Sheds Springdale Business Center for $1.78M

An OREO property of IberiaBank since 2011, the Springdale Business Center was purchased by Hillcrest Holdings LLC of Fayetteville, led by Robert Morgan and Gary Nichols.
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Arvest Consumer Survey: Arkansans Have Debts, Saving Rates Similar to Region

Arkansas consumers have similar debts and saving rates to their neighbors in Missouri and Oklahoma, according to the final release of the first Arvest Bank Consumer Sentiment Survey.
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Johnny Allison Donates $5M to Arkansas State Athletics Department

Johnny Allison, chairman of Home BancShares Inc. of Conway and an Arkansas State University alumnus, made the largest personal gift commitment in the A-State athletics department's history: $5 million.
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Scooter Stuart's Tainted Assets Draw More Fire

This year's number of new lawsuits surrounding the controversial business affairs of the late Layton “Scooter” Stuart indicates the rancor is only growing. read more >

Simmons' Deal for Delta Trust: 3 Years Coming

The acquisition of Little Rock's Delta Trust & Banking Corp. by Simmons First National Corp. of Pine Bluff was announced in March and should be completed by the end of the month. But the merger dance began three years ago. read more >

One Bank Makes Claim on Branch Property Titled to Scooter Stuart Partnership

A lawsuit challenges who owns the OneBanc branch at 14711 Cantrell Road in west Little Rock. Real estate records indicate a general partnership called Bank Partners. One Bank & Trust claims it is the rightful owner. read more >

Former Little Rock Tax Preparer Pleads Guilty; Scam Cost Government $1.1M

Christopher T. Craig pleaded guilty to just two cases of diverting tax payments to himself, but he admitted that the loss to the government was much greater. read more >

LR Retail Centers Draw $6.1 Million Transaction (Real Deals)

Two retail projects in southwest Little Rock tipped the scales at $6.1 million. Geyer Springs Shopping Center LLC of Brooklyn, New York, bought its namesake 152,852-SF property at 8717 Geyer Springs Road and the 21,760-SF Geyer South project at 8521 Geyer Springs Road. read more >

Bank of America Agrees to Nearly $17B Settlement

The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday. read more >

Last Chance to Nominate Candidates for Arkansas Business' 20 in Their 20s List

Nominations are being accepted for the list of the state's most influential young professionals, "The New Influentials: 20 in Their 20s." read more >

Southern Bancorp to Buy Mississippi's Smallest Bank

Southern Bancorp Inc. of Arkadelphia announced Tuesday a plan to buy the smallest bank in Mississippi, the Bank of Bolivar County. read more >

Public Company Board Service Can Mean Lots of Work and Risk

This week we list all directors of 19 publicly traded companies headquartered in Arkansas and the compensation they received for service on the boards in the most recent fiscal year. It's work that's “a whole lot harder” than it used to be. read more >

Clarion Hotel Medical Center Recycled for $5M (Real Deals)

A 262-room hotel in midtown Little Rock changed hands in a $5 million foreclosure sale. The 5.22-acre development was tied to a November 2003 mortgage of $14 million held by Jonesboro's Liberty Bank of Arkansas, which became part of Centennial Bank in 2013. read more >

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