Banking & Finance Archive

Left in Hole by Former President, Arkansas Baptist Rebuilds Enrollment

by George Waldon 8/6/2018 12:00 am

Little Rock's Arkansas Baptist College should be nearing completion of its second academic year of financial stability heading toward the start of the 2018 fall semester. That was the plan.

Promises Are Kept, Paving A Broader Path To College

by Sarah Campbell-Miller 8/6/2018 12:00 am

Southern Bancorp Inc., the Ross Foundation and Murphy Oil Corp. are spending millions on Promise scholarships that sponsors and an administrator say have increased the college-going rate of high school graduates in Arkadelphia and El Dorado.

David Erstine Joins United Federal Credit Union Board (Movers & Shakers)

by Arkansas Business Staff 8/6/2018 12:00 am

David Erstine has been named an associate board director for the United Federal Credit Union, which is based in Michigan but has branches in Arkansas.

WLR Comfort Suites Hosts $6.1M Transaction (Real Deals)

by George Waldon 8/6/2018 12:00 am

LR Markham Apartments LLC bought the 90-room hotel at 11 Crossings Court in west Little Rock.

LJ Apparel Asks to Go Forward with Lauren James Foreclosure Sale

by Mark Friedman 8/3/2018 03:42 pm

LJ Apparel LLC is asking to go forward with a foreclosure sale that First Security Bank called a sham.

First National Bank Completes One Bank & Trust Purchase

by Lance Turner 8/1/2018 01:07 pm

First National Bank of Paragould completes its acquisition of Little Rock's One Bank & Trust.

Bank Calls Lauren James' Foreclosure Sale A Sham

by Mark Friedman 8/1/2018 11:35 am

First Security Bank has asked a Washington County Circuit judge to prevent women's clothing company Lauren James from going forward with a "sham" foreclosure sale next week.

FNBC Hires 4 For New Jonesboro Office

by Arkansas Business Staff 7/31/2018 11:56 am

FNBC Bank of Ash Flat has hired Brad Snider as community president; Brock Fletcher as vice president and commercial lender; J.R. Blackburn as senior vice president and commercial lender; and Laura McCain as client relationship assistant for its new loan production office in Jonesboro.

US Home Prices March Higher in May, Throttling Sales

by Associated Press 7/31/2018 11:44 am

U.S home prices rose rapidly in May, a trend that is thwarting some would-be buyers and pulling down home sales.

US Pending Home Sales Rose 0.9 Percent in June

by Associated Press 7/30/2018 10:45 am

More Americans signed contracts to purchase homes in June compared to May, but the volume of pending sales has slipped over the past year.

Former Insurance Agent Berry Bishop Acknowledges Fraud

by Mark Friedman 7/30/2018 12:00 am

Berry Bishop, the failed insurance agent, under oath in bankruptcy proceedings, has described some of his borrowings from the Bank of Prescott over the past three or four years as loan fraud.

Community State Bank Awaits Bankruptcy Clarity

by George Waldon 7/30/2018 12:00 am

More than a year has passed since an investment group led by Jeff Hobbs took on the role of would-be buyer of Community State Bank in Bradley.

Calhoun County Tops List of Smallest Bank Markets in Arkansas

by George Waldon 7/30/2018 12:00 am

Community State Bank retains its title as the smallest bank in Arkansas, but its Lafayette County market is not the smallest.

NLR Apartments Sale Tops $3.8M Mark (Real Deals)

by George Waldon 7/30/2018 12:00 am

An Oklahoma company bought the 210-unit New Horizon Apartments at 4907 August Circle and the eight-unit New Haven Apartments at 1815 Broken Arrow Drive.

Average US Mortgage Rates Edge Up; 30-Year at 4.54 Percent

by Associated Press 7/26/2018 09:51 am

Long-term U.S. mortgage rates edged up slightly this week, reaching their highest levels since late June.

Simmons Bank Names EVP

by Arkansas Business Staff 7/25/2018 01:32 pm

Simmons Bank has named Chad Rawls executive vice president and executive director of credit and loan operations.

New-Home Sales Fall 5.3 Percent in June ... A Warning Light?

by Associated Press 7/25/2018 11:33 am

Sales of new U.S. homes tumbled 5.3 percent in June and the median sales price also slipped, a potentially ominous sign for the U.S. housing market.

Simmons First 2Q Net Income Up 132 Percent

by Arkansas Business Staff 7/24/2018 09:24 am

Simmons First National Corp. of Pine Bluff on Monday announced record net income of $53.6 million, up 132 percent from the same quarter last year.

US Existing-Home Sales Fell 0.6 Percent in June

by Associated Press 7/23/2018 11:19 am

U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline, as higher prices and a limited supply of listings have sidelined many would-be buyers.

U.S. Banks: 2018 Return on Average Equity Almost Even With '84

by Arkansas Business Staff 7/23/2018 12:00 am

During this period, return on average equity at banks in the United States reached a low of minus 5.94 percent in the second quarter of 1987. It saw a high of 16.29 percent in the first quarter of 2000.