Banking & Finance Archive

First Community of Batesville Reaches $1 Billion Mark

by Gwen Moritz 8/21/2015 04:15 pm

First Community Bank of Batesville reached $1 billion in assets on July 31, four days before its 18th birthday, Chairman and CEO Dale Cole announced.

Securities Department Issues Third Order Against Timothy Lilly

by Gwen Moritz 8/21/2015 03:49 pm

A Mayflower man with a history of problems with state regulators is the subject of a cease-and-desist order issued Thursday by Arkansas Securities Commissioner Edmond Waters.

Trustee Hopes to Avoid Allied Bank Stock Auction

by George Waldon 8/17/2015 12:00 am

A new player has emerged in the bankruptcy case of Acme Holding Co. since its Chapter 11 reorganization was converted to Chapter 7 liquidation by judicial decree last month.

Farmers & Merchants Rakes In Bank of Fayetteville

by George Waldon 8/17/2015 12:00 am

Bankshares of Fayetteville Inc., holding company of Bank of Fayetteville, represents the third acquisition by Farmers & Merchants Bankshares Inc. of Stuttgart in the past seven years.

Exit from Arkansas Imminent for Alabama's SouthBank

by George Waldon 8/17/2015 12:00 am

The pending sale of three Mississippi County branches opens the door for the Arkansas exodus of SouthBank of Huntsville, Alabama.

Party City Purchase Tops $2.8 Million (Real Deals)

by George Waldon 8/17/2015 12:00 am

An 8,100-SF retail project in west Little Rock weighed in at more than $2.8 million. A 1,866-SF KFC in Little Rock changed hands in a $1.65 million sale. And a 13,190-SF warehouse in North Little Rock rang up a $625,000 transaction.

Tech Park Negotiating with Banks to Finance First Phase

by Mark Carter 8/13/2015 10:05 am

The Little Rock Tech Park Authority Board will negotiate with a consortium of local financial institutions on a plan to finance $17.5 million for development of the park's first phase along Main Street in downtown Little Rock.

Dillard's 2Q Net Down 13 Percent, Same-Store Sales Up 1 Percent

by Lance Turner 8/13/2015 06:47 am

Dillard's Inc. of Little Rock on Thursday reported second-quarter net income of $29.9 million, or 75 cents per share, down 13 percent from $34.5 million, or 80 cents per share, in the same quarter last year.

Batesville Chamber, Citizens Bank Plan Women in Business Leadership Conference

by Arkansas Business Staff 8/11/2015 09:36 am

The Batesville Area Chamber of Commerce said Tuesday that Citizens Bank will present the area's first Women in Business Leadership Conference in October.

Conner Eldridge Suggested as Potential Challenger to Boozman in '16

by Arkansas Business Staff 8/10/2015 12:00 am

If you were thinking Republican U.S. Sen. John Boozman might go unchallenged by a Democrat in 2016, think again. The calls that Ross Whipple of Arkadelphia has been making lead us to believe that his son-in-law, W. Conner Eldridge Jr., has moved past the thinking stage and will soon announce his candidacy.

Watergate Apartments Draw $7.8 Million Sale (Real Deals)

by George Waldon 8/10/2015 12:00 am

The sale of a 148-unit apartment complex in Little Rock tipped the scales at $7.8 million.

Centennial Bank Forecloses on Loan for John Rogers Home

by George Waldon 8/7/2015 11:30 am

Centennial Bank of Conway foreclosed on delinquent loans totaling nearly $3.5 million to alleged fraudster John Rogers and his ex-wife, Angelica.

Survey: US Businesses Added 185K Workers in July

by Associated Press 8/5/2015 11:57 am

The rate of hiring by U.S. businesses slowed in July, according to a private survey. But job gains remained at a solid level, which should help boost overall economic growth.

Nightmare on Main Street (U.S. Reps. French Hill and Stephen Fincher Commentary)

by French Hill and Stephen Fincher 8/4/2015 08:30 am

U.S. Reps. French Hill (R-Ark.) and Stephen Fincher (R-Tenn.) write on the fifth anniversary of the Dodd-Frank banking reforms and its effect on small and medium-sized financial institutions and consumers.

What $100 Means in Arkansas: A State-by-State Analysis

by Arkansas Business Staff 8/3/2015 12:00 am

The Tax Foundation, a nonprofit that studies tax policy, last month published a map showing the real value of $100 in each state in the country.

Regions Insurance's Fred Stone on the Most Important Item Your Company Should Protect

by Arkansas Business Staff 8/3/2015 12:00 am

In 2005, Fred Stone became CEO of Rebsamen Insurance, which changed its name in December 2007 to Regions Insurance. Stone lives in Rogers and commutes most weeks to Little Rock.

Mark Wilson Promoted to SVP/Chief Credit Officer at First Arkansas Bank & Trust (Movers & Shakers)

by Arkansas Business Staff 8/3/2015 12:00 am

Mark Wilson, who has been with First Arkansas Bank & Trust of Jacksonville since 2001, has been promoted to senior vice president and chief credit officer. Since he joined the bank as a loan officer, Wilson has been involved in supervising online banking, debit cards and the Customer Service Call Center.

Southern Bank Now Offering Security App

by Austin DuVall 8/3/2015 12:00 am

Southern Bank — a $1.3 billion financial institution based in Missouri, but with locations in seven Arkansas cities — has launched CardValet, a security service in mobile app form allowing customers to control “when, where and how” their credit or debit card is used, a bank news release said.

Bear State Posts $2.5M Profit in 2Q

by Mark Carter 7/31/2015 02:37 pm

Bear State Financial Inc. of Little Rock, the publicly traded holding company for Bear State Bank, announced Friday second quarter 2015 earnings of $2.5 million.

Mary Beth Brooks: Farmers & Merchants' Offer a 'Surprise' But Made Sense

by Gwen Moritz 7/31/2015 11:56 am

Selling the Bank of Fayetteville wasn't urgent, CEO Mary Beth Brooks said Friday morning, but after Farmers & Merchants Bankshares of Stuttgart expressed an interest, the deal made a lot of sense.