Banking & Finance Archive

Bear State Financial 3Q Earnings Up 47 Percent

by Arkansas Business Staff 10/21/2016 11:31 am

Bear State Financial Inc. of Little Rock reports third-quarter earnings of $4.7 million, up 47 percent from the same time last year.

Venture Center Announces New Dates for FinTech Accelerator

by Arkansas Business Staff 10/21/2016 10:22 am

The Venture Center of Little Rock on Friday announced that dates for its 2017 FinTech Accelerator have changed.

Report: Arkansas Medical Pot Plan Costs More Than It Raises

by Associated Press 10/20/2016 03:22 pm

Arkansas finance officials say competing proposals to legalize medical marijuana would cost the state more to enforce than they would generate in new tax revenue.

Simmons First 3Q Net Income Up 8 Percent

by Lance Turner 10/20/2016 11:12 am

Simmons First National Corp. of Pine Bluff on Wednesday reported third-quarter net income of $23.4 million, up 8 percent from the same quarter last year.

Report: Building Permits, Homes Sold Increase in Northwest Arkansas

by Arkansas Business Staff 10/20/2016 11:00 am

In northwest Arkansas, building permits have increased, the supply of remaining lots continued to fall and the number of complete but unoccupied houses remains low, according to a new residential real estate market report.

In Little Rock, Chase Economist Finds Economic Recovery Going Well

by Sarah Campbell 10/20/2016 10:29 am

"We're not in crisis; we're getting back on our feet," economist Jim Glassman told business professionals Wednesday at an economic outlook luncheon.

Home BancShares 3Q Profit Up 22 Percent

by Lance Turner 10/20/2016 07:06 am

Home BancShares Inc. of Conway reports record quarterly profit of $43.6 million, up 22 percent from the same quarter last year.

Pete Yuan Off to Texas, IberiaBank Names New Arkansas Leader

by Lance Turner 10/18/2016 01:55 pm

IberiaBank Corp. says Gregory K. Smithers, an executive vice president and regional president of the bank's Tennessee operations, will now also oversee the bank's Arkansas operations.

US Homebuilders' Confidence Eases Slightly

by Associated Press 10/18/2016 11:17 am

U.S. homebuilders' confidence eased this month after surging to the highest level in nearly a year in September.

McLarty Capital Partners, USDA Launch Private Investment Fund

by Arkansas Business Staff 10/17/2016 09:19 am

The U.S. Department of Agriculture has partnered with McLarty Capital Partners of Little Rock to launch a private investment fund the two groups said could inject $100 million in rural small businesses.

Two Others in Hunt for Allied Before Today's Bank Took Ownership

by Arkansas Business Staff 10/17/2016 12:00 am

Today's Bank of Huntsville was awarded ownership of the $66.3-million asset lender with a negative bid of $6.1 million.

Farmers Bank of Magnolia Looks To Prosper with Texas Branch

by Arkansas Business Staff 10/17/2016 12:00 am

Twelve of the 103 banks chartered in Arkansas have branches in other states. One of them is Farmers Bank & Trust of Magnolia, which was doing business 50 miles away in Texarkana, Texas, even before it acquired 1st Bank early last year.

Arvest Introduces Asa Cottrell as SVP, Sales Manager for Central Arkansas (Movers & Shakers)

by Arkansas Business Staff 10/17/2016 12:00 am

Most recently, Cottrell served as a senior vice president and manager of Arvest Wealth Management for the bank's Little Rock and Fort Smith markets.

Maumelle Townhomes Attract $8.5M Transaction (Real Deals)

by George Waldon 10/17/2016 12:00 am

EIIC LLC, led by Jean Eiler, purchased 61 townhomes in The Villas at Audubon near the northwest corner of Audubon and Club Manor drives.

Luter Family Gives $1M to ASU College of Business

by Arkansas Business Staff 10/14/2016 08:56 am

A northeast Arkansas banker and his wife have given $1 million to the Arkansas State University business college.

Report: Arkansas Consumer Sentiment at Highest in 2 Years

by Arkansas Business Staff 10/12/2016 09:21 am

As the nation's economy expanded this summer, Arkansans reported feeling more confident than at any time in the past two years, an Arvest report says.

Arkansas Casino Backers Project $122M Tax Revenue Boost

by Associated Press 10/11/2016 03:50 pm

Supporters of a plan to legalize casinos in three Arkansas counties are projecting the move would create an additional $122 million in tax revenue each year and thousands of new jobs, but opponents of the ballot measure are rejecting the study as "propaganda."

Bank of the Ozarks' 3Q Net Income Up 65 Percent

by Lance Turner 10/11/2016 09:45 am

Bank of the Ozarks Inc. of Little Rock reports record third-quarter net income of $76.0 million, up 65 percent from the same quarter last year, as it completed two major bank acquisitions.

Deadline Extended in Phil Herrington Bankruptcy Case

by Arkansas Business Staff 10/10/2016 12:00 am

The trustee for Little Rock developer Philip Herrington withdrew a request last week that his bankruptcy be converted from reorganization to Chapter 7 liquidation.

National Rate for Unbanked Falls to 7 Percent in 2015

by Arkansas Business Staff 10/10/2016 12:00 am

The percentage of U.S. households that are “unbanked,” meaning no one in the household has a bank account, fell to 7 percent in 2015, compared with 7.7 percent in 2013, according to preliminary results of an FDIC survey, the “2015 FDIC National Survey of Unbanked and Underbanked Households.”