Banking & Finance Archive

HoganTaylor Accounting Firm Names New Partners

by Arkansas Business Staff 2/6/2017 11:16 am

HoganTaylor, a large public accounting firm in Oklahoma and Arkansas, announced Monday that it has named Dan Bomhoff, John Cooper, Jeff Koweno and Bret Little as partners.

Walton Foundation Contributes $750K to Delta Business Loans

by Arkansas Business Staff 2/6/2017 10:09 am

The Walton Family Foundation says it is partnering with Southern Bancorp Community Partners to promote economic development in the Delta with a $750,000 investment.

Herrington Bankruptcy Case Ends

by Arkansas Business Staff 2/6/2017 12:00 am

Little Rock developer Philip Herrington's Chapter 11 bankruptcy reorganization has been dismissed.

Heartland Endures Another Ugly 4Q

by George Waldon 2/6/2017 12:00 am

Heartland Bank of Little Rock recorded a nearly $7.9 million loss for 2016. The lion's share of that loss occurred in the fourth quarter.

Stonehaven Purchase Surpasses $7.1 Million (Real Deals)

by George Waldon 2/6/2017 12:00 am

The 60-unit assisted living project in Maumelle was sold by Stonehaven Assisted Living LLC, led by James Thomas. The deal is financed with a $5.2 million loan from First Security Bank of Searcy.

Citizens Bank, Blair & Stroud Make Promotions in Batesville (Movers & Shakers)

by Arkansas Business Staff 2/6/2017 12:00 am

Karen Shaw and Pam Jones have been promoted to executive vice presidents at Citizens Bank of Batesville. Barrett Moore and Michelle Huff have been promoted to partners at Blair & Stroud.

Trump Takes First Step to Scale Back Financial Regulations

by Associated Press 2/3/2017 10:18 am

President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signaling that it's eager to help.

Workers Contributing More to, Borrowing Less from 401(k)s

by Associated Press 2/2/2017 11:29 am

A rare double shot of encouraging news on retirement savings: Workers are contributing more to their 401(k) accounts, and they're taking out fewer loans from them.

Unemployment in Arkansas MSAs Down From 2015

by Todd Traub 2/1/2017 09:58 am

December unemployment was down in Arkansas from a year ago, according to Bureau of Labor Department figures released Wednesday.

Momentum Jonesboro on Pace to Grow Jobs in Key Sectors

by Todd Traub 1/31/2017 06:00 am

Momentum Jonesboro, the economic development fundraising plan targeting job growth in northeast Arkansas, is on track to reach its $3.7 million goal.

US Pending Home Sales Increased in December

by Associated Press 1/30/2017 11:09 am

More Americans signed contracts to buy homes in December. The increase possibly reflects more people scrambling to purchase homes as mortgage rates have been rising and increasing the costs of ownership.

Trumps Signs Order to Cut Regulations on Business

by Ayesha Rascoe, Reuters 1/30/2017 11:00 am

President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced.

Baptist Health Exec Faces Foreclosure on Conway Ranch, Restaurant

by Arkansas Business Staff 1/30/2017 12:00 am

Trouble is brewing for Joanie White-Wagoner, administrator and vice president at the new $150 million Baptist Health Medical Center-Conway.

Regions Center Ownership Comprised of 32 Companies

by Arkansas Business Staff 1/30/2017 12:00 am

The owners of the 30-story Regions Center in downtown Little Rock have filed a more detailed account of their debts and assets for the building in their Chapter 11 reorganization case.

$4.8M Sale Visits Rogers Warehouse (NWA Real Deals)

by Marty Cook 1/30/2017 12:00 am

Breeden Robinson LLC, led by Larry Breeden, bought the facility from Superior Industries International Arkansas LLC, a subsidiary of Superior Industries of Van Nuys, California.

First Financial Bank Branching Out to Little Rock

by George Waldon 1/30/2017 12:00 am

El Dorado's First Financial Bank is no stranger to the Little Rock market. The $901 million-asset lender has operated a mortgage production office in the capital city since 1984.

One Bank & Trust: Sell or Build Capital Base

by George Waldon 1/30/2017 12:00 am

Little Rock's One Bank & Trust continues to operate under an unusual arrangement more than four years after the ouster of its owner and CEO, Layton “Scooter” Stuart.

Kathy Deck: Slower Growth on Tap for Northwest Arkansas

by Marty Cook 1/27/2017 05:01 pm

Kathy Deck said northwest Arkansas and health care services will be strong points for an otherwise less robust Arkansas job market in 2017. Deck, the director of the Center for Business and Economic Research at the University of Arkansas in Fayetteville, made her remarks at the 23rd annual Business Forecast Luncheon in Rogers.

Crossett Banker Beaty Fined $35,000 for Failing to Report Suspicious Activity

by Arkansas Business Staff 1/27/2017 11:11 am

The consent order that Howard M. Beaty, president and CEO of First State Bank of Crossett, entered with the FDIC on Dec. 15 was made public Friday morning.

Correction: Hempstead County Eyes Bank Building for Courthouse

by Lance Turner 1/27/2017 10:32 am

Southern Bancorp is buying Farmers Bank of Hamburg (Ashley County), and not Farmers Bank & Trust of Magnolia (Columbia County).