Banking & Finance Archive

Foreclosure Hearing Delayed Amid Possible Main Street Lofts Sale

by George Waldon 7/22/2016 10:53 am

A court hearing that would have kept the foreclosure train moving on the Main Street Lofts project was postponed Friday morning.

Former Hamburg Bank Manager Sentenced to Prison for Fraud

by Associated Press 7/21/2016 12:25 pm

A former branch manager at a south Arkansas bank has been sentenced to 21 months in federal prison after pleading guilty to bank fraud.

Bear State Financial: 2Q Net Income Up 80 Percent

by Lance Turner 7/21/2016 10:40 am

Bear State Financial Inc. of Little Rock reports second-quarter net income of $4.5 million, up 80 percent from the same quarter last year.

Home BancShares 2Q Net Income Up 28 Percent to New Record

by Lance Turner 7/21/2016 07:09 am

Home BancShares Inc. of Conway reports second-quarter net income of $43.5 million, up 28 percent from the same quarter last year.

Simmons First 2Q Net Income Up 14 Percent

by Lance Turner 7/21/2016 07:00 am

Simmons First National Corp. of Pine Bluff announces second-quarter net income of $22.9 million, up 14 percent from the same quarter last year, as the company continued to integrate recent acquisitions.

Wall Street Journal: Bank of the Ozarks Fills Loan Void in Big Markets

by Lance Turner 7/20/2016 10:33 am

The Wall Street Journal today takes a look at Bank of the Ozarks Inc. of Little Rock, which it says is filling a loan void in big markets like New York and Houston.

Lex Golden Sues Chambers Bank Over Failed Bank Buys

by Arkansas Business Staff 7/18/2016 12:00 am

Lex Golden and his wife, Ellen, sued Chambers Bank of Danville in Crawford County Circuit Court alleging the lender essentially was responsible for causing all their money troubles.

Chip's Barbeque Falls Off Grill with Bankruptcy

by Arkansas Business Staff 7/18/2016 12:00 am

Chip's Barbeque of Little Rock recently closed and filed for bankruptcy protection, listing $400,000 in debts.

Generations Bank Promotes Two in Camden (Movers & Shakers)

by Arkansas Business Staff 7/18/2016 12:00 am

Jennifer Garcia and Dana Ferguson, loan officers at Generations Bank in Camden, have been promoted to vice president/mortgage loan officer and assistant vice president/loan officer.

Colony West Apartments Draw $6.3 Million Sale (Real Deals)

by George Waldon 7/18/2016 12:00 am

A 126-unit apartment complex in west Little Rock weighed in at $6.3 million, and a Heights retail project tipped the scales at $1.34 million.

Bank of the Ozarks Reports Record 2Q Net Income

by Arkansas Business Staff 7/11/2016 06:56 am

Bank of the Ozarks Inc. of Little Rock on Monday announced record second quarter net income of $54.5 million, up nearly 22 percent increase from the same quarter last year.

Conway Horse Ranch Leads Recent Seven-Digit Deals in Central Arkansas

by Arkansas Business Staff 7/11/2016 12:00 am

Equestrian acreage, an office project and a convenience store provide a Conway trio of million-dollar transactions.

Multifamily Acreage Sells for $3.3 Million (Real Deals)

by George Waldon 7/11/2016 12:00 am

Richardson Properties LLC, led by Keith Richardson, purchased 69 acres in west Little Rock with apartments in mind.

Keys to a Fast Professional Start (Jim Karrh On Marketing)

by Jim Karrh 7/11/2016 12:00 am

Here are three practices that should help graduate business students — and anyone who wants to get off to a fast start in his career — to stand out among the waves of millennial professionals.

Peggy Pierson Promoted to VP at Generations Bank (Movers & Shakers)

by Arkansas Business Staff 7/11/2016 12:00 am

Peggy Pierson has been promoted to vice president and loan officer at Generations Bank of Van Buren.

Wal-Mart Now Lets You Pay With Phone at All 4,600 US Stores

by Associated Press 7/6/2016 04:12 pm

Wal-Mart will now let you pay with its phone app at all 4,600 stores nationwide. The effort is part of Wal-Mart's strategy to make shopping easier and faster, while learning more about consumer behavior.

US Services Firms Grew in June at Fastest Pace in 7 Months

by Associated Press 7/6/2016 11:34 am

U.S. services firms expanded last month at the fastest pace since November, good news for the U.S. economy.

Chick-fil-A Site Rings Up $1.8 Million Transaction (Real Deals)

by George Waldon 7/4/2016 12:00 am

Chick-fil-A Inc. of Atlanta purchased the 2.34-acre site at the southwest corner of Bass Pro Drive and Interstate 30 Frontage Road from Bass Pro Outdoor World LLC of Springfield, Missouri.

5 Arkansas Banks Tally 1Q Losses

by George Waldon 7/4/2016 12:00 am

Twenty-one Arkansas banks recorded a first-quarter profit of less than $200,000. Of that group, only five booked losses.

Citizens Bank Branching Out to Cedarville

by George Waldon 7/4/2016 12:00 am

Citizens Bank & Trust Co. of Van Buren is working to entrench itself deeper in the Crawford County market.