Banking & Finance Archive

Gary Head: Smiley Told Me He'd Made Mistakes

by George Waldon 8/8/2014 08:00 am

Gary Head, chairman, president and CEO of Fayetteville's Signature Bank of Arkansas, says he learned of the multimillion-dollar loan scandal involving Dennis Smiley Jr. in a phone call from Smiley himself.

Arvest Bank Settles With 18 Dennis Smiley Creditors

by George Waldon 8/8/2014 07:58 am

Arvest Bank of Fayetteville has settled with 18 of 20 creditors who loaned money to one of its former executives, Dennis Smiley Jr. Only First State Bank of De Queen, where Smiley's namesake father is chairman, and Signature Bank of Arkansas in Fayetteville remain as possible claimants seeking money from Smiley's Arvest Bank Group stock purchase and stock option plans.

Nominate Now for Arkansas Business' CFO of the Year Awards

by Arkansas Business Staff 8/5/2014 11:28 am

Arkansas Business is searching for the state's most outstanding chief financial officers for its sixth "CFO of the Year" awards. You can nominate CFOs here.

Market Disruption Opens New Doors for Bear State Financial

by George Waldon 8/4/2014 12:00 am

The June acquisition of First National Security Co. propelled Bear State Financial Inc. of Harrison into the top tier of Arkansas bank holding companies.

FDIC Still Mopping Up Kevin Lewis' Fraud Mess

by Mark Friedman 8/4/2014 12:00 am

More than two-and-a-half years after former Little Rock attorney Kevin Lewis was sentenced to 10 years in federal prison for bank fraud, the Federal Deposit Insurance Corp. continues to clean up his mess.

Delta Trust Shareholders 3Q Payday Approaching

by Arkansas Business Staff 8/4/2014 12:00 am

The value of the pending acquisition of Little Rock's Delta Trust & Banking Corp. stands at about $67.2 million. That number is based on a recent closing price of $39.65 per share for Simmons First National Corp. of Pine Bluff.

Bank of America's Donnie Cook on the Value of Classroom Economics

by Arkansas Business Staff 8/4/2014 12:00 am

Donnie Cook has more than 40 years of experience in banking. He's the Arkansas state president and Little Rock market president for Bank of America as well as its senior client manager in its Commercial Bank Specialized Industries Division, overseeing the development of nonprofit, religious and health care clients.

Simmons First Continues To Prune Branches in Little Rock, Northwest Arkansas

by Arkansas Business Staff 8/4/2014 12:00 am

Simmons First National Bank of Pine Bluff has sold off three more leftover Pulaski County branches.

Bank of the Ozarks Acquires Intervest Bancshares Corp. In $228.5M Deal

by Arkansas Business Staff 8/1/2014 08:41 am

Bank of the Ozarks Inc of Little Rock announces a $228.5 million deal to acquire Intervest Bancshares Corp. and its wholly-owned bank subsidiary, Intervest National Bank.

Home BancShares Announces Purchase of Another Florida Bank

by Gwen Moritz 7/30/2014 08:51 am

The parent company of Centennial Bank of Conway will pay between $33 million and $33.9 million in cash and stock for Broward Financial Holdings Inc.

A Closer Look: Arkansas Unemployment and Employment

by Arkansas Business Staff 7/28/2014 12:00 am

The unemployment rate in Arkansas fell in June to 6.2 percent, but the number of people employed “continues to be a source of concern,” state economic forecaster Michael Pakko noted recently.

Arkansas Business Presents the 2014 Power List

by Gwen Moritz 7/28/2014 12:00 am

Arkansas Business introduced “The Power List” in 2006, and after updating it annually for a few years, we decided to spread it out. That means there have been a lot of changes in 20 industries and professions since our last installment in 2011, so we've been doing a lot of rounding up of resumes and photos in the last few weeks.

One Bank Turns Attention to Scooter Stuart Life Insurance Payouts

by Arkansas Business Staff 7/28/2014 12:00 am

The leadership at One Bank & Trust has steered the Little Rock lender back to court in a new lawsuit connected with its former owner, Layton “Scooter” Stuart

Brandon Barber Should Serve About 20 Years, Feds Say

by Arkansas Business Staff 7/25/2014 08:52 am

Brandon Barber's day of reckoning approaches — he's scheduled for sentencing in Fort Smith on Aug. 13 — and federal prosecutors think the bankrupt northwest Arkansas real estate developer should spend a very, very long time in prison.

Home BancShares Raises Quarterly Dividend 33 Percent

by Arkansas Business Staff 7/21/2014 11:21 am

Home BancShares Inc. of Conway raises its quarterly dividend 33 percent to 10 cents per share.

Bank of the Ozarks Responds to 'Say on Pay' Vote

by Gwen Moritz 7/21/2014 12:00 am

Say-on-pay votes are not binding in the first place, and the vast majority pass, but say on pay is having an impact even for companies whose compensation packages get voter approval, and a perfect example is in Little Rock: Bank of the Ozarks Inc.

Wal-Mart Execs Naturally Dominate List of Executive Compensation

by Gwen Moritz 7/21/2014 12:00 am

Top executives at the world's largest company continue to dominate Arkansas Business' annual list of public company executive compensation, starting with the new CEO, Doug McMillon.

Proposal Would Raise Arkansas' Minimum Wage Rate

by Arkansas Business Staff 7/21/2014 12:00 am

Arkansas' minimum wage of $6.25 an hour, which applies to all employers with four or more employees, is one of only four state minimums that remain below the federal wage of $7.25 hourly.

Carrington Complex Draws $21.5 Million Transaction (Real Deals)

by George Waldon 7/21/2014 12:00 am

A 202-unit apartment complex in west Little Rock weighed in at $21.5 million, and a 1,209-SF bank branch in west Little Rock is under new ownership after a $1.22 million sale.

Lessons Learned (Editorial)

by Arkansas Business Editors 7/21/2014 12:00 am

One of our best additions to the pages of Arkansas Business in our redesign three years ago has turned out to be the weekly Executive Q&A. It's a good way of getting new voices into the paper, voices largely unfiltered by editors because the Q&As are usually done via email and we publish the answers largely as written (though sometimes abbreviated because of space constraints).