Banking & Finance Archive

The Art of the Plea Deal (Gwen Moritz Editor's Note)

by Gwen Moritz 2/1/2016 12:00 am

While the sentence was up to Judge Holmes, defense lawyer W.H. Taylor of Fayetteville negotiated a deal in which Dennis Smiley Jr. pleaded guilty to only a single count of bank fraud — but he had to accept responsibility and restitution for more than 20 bank victims and their combined losses of nearly $5 million.

Update: Dennis Smiley Sentenced to 97 Months, Restitution of $4.9M

by Marty Cook 1/28/2016 11:16 am

H. Dennis Smiley Jr., the former bank president who pleaded guilty last year to bank fraud, was sentenced Thursday to 97 months in federal prison followed by two years of supervised release.

As Sentencing Approaches, Dennis Smiley Attorney Says Banks Share Responsibility

by Arkansas Business Staff 1/25/2016 12:00 am

H. Dennis Smiley Jr., the former president of Arvest Bank's Benton County market, expects to go to federal prison after he is sentenced Thursday for bank fraud.

Oklahoma Bank Registers $3M Judgment Against Phil Herrington

by Arkansas Business Staff 1/25/2016 12:00 am

The judgment represents the outstanding balance on a $4 million loan from First Commercial Bank of Edmond, Oklahoma.

A Matter of Life in Debt (Editorial)

by Arkansas Business Editors 1/25/2016 12:00 am

Dennis Smiley is almost a caricature. How could any intelligent, well-educated person — a banker, no less — mistake debt for wealth? How could he have overspent more than the vast majority of Americans, even well-paid ones, will earn in a lifetime of honest work?

New List of Shopping Centers Shows Trend

by Gwen Moritz 1/25/2016 12:00 am

In 2006, the last time Arkansas Business published a list of the largest shopping centers in the state, University Mall in Little Rock was still open and Pinnacle Hills Promenade in Rogers was the big new thing.

Judge Approves Sale of John Rogers Photos

by George Waldon 1/25/2016 12:00 am

One of the historic treasures of early 20th century major league baseball is headed toward the auction block, but conflicting claims on the famed Conlon Collection still await courtroom resolution.

A Master Class in Feedback (Barry Goldberg On Leadership)

by Barry Goldberg 1/25/2016 12:00 am

Every year, aspiring singers participate in auditions for the New York Metropolitan Opera. Judges provide feedback to each of the singers. Most of the conversations were great examples of powerful feedback, delivered with skill and impact.

Simmons First 4Q Net Income Up 90 Percent

by Arkansas Business Staff 1/21/2016 11:57 am

Simmons First National Corp. of Pine Bluff on Thursday reported fourth-quarter net income of $23.9 million, up 90 percent from $12.6 million it reported in the same quarter last year.

Home BancShares 4Q Net Income Up 25 Percent

by Alexis Hosticka 1/21/2016 09:30 am

Home BancShares Inc. of Conway on Thursday announced fourth-quarter net income of $37.4 million, up 25 percent from the same quarter last year and its 19th straight quarter of record profit.

Little Rock Chamber Appoints Paul Latture as VP

by Arkansas Business Staff 1/20/2016 03:25 pm

The Little Rock Regional Chamber of Commerce announced Wednesday that Paul Latture will begin work immediately as vice president of economic development as well as executive director of the Metro Little Rock Alliance.

Albert Solaroli Due To Be Sentenced in One Bank Case

by Arkansas Business Staff 1/18/2016 12:00 am

Albert Solaroli, the Florida businessman who pleaded guilty last April to money laundering related to an infamous $1.5 million loan from One Bank & Trust, is scheduled to be sentenced Thursday by U.S. District Judge Brian Miller in Little Rock.

NLR Chuy's Rings Up $4.5M Transaction (Real Deals)

by George Waldon 1/18/2016 12:00 am

The sale of a North Little Rock eatery tipped the scales at $4.5 million. A Sherwood car wash transaction weighed in at $2.5 million. And apartments in midtown Little Rock changed hands in a $1.74 million deal.

Central Arkansas Economy Shows Growth in 2015

by Arkansas Business Staff 1/18/2016 12:00 am

The economic recovery in central Arkansas accelerated in 2015, with job growth surpassing the national average since March, said Metroplan, the federally designated planning agency for Pulaski, Faulkner, Saline and Lonoke counties.

Twin Lakes Sale Closes At $15.3M, 1.42x Book

by George Waldon 1/18/2016 12:00 am

The sale of Twin Lakes Community Bank of Flippin (Marion County) marked the fourth Arkansas lender to change hands during 2015 for a book value multiple in the 1.34-1.45 range.

Arvest Promotes David McBee, Keri Yarbrough

by Arkansas Business Staff 1/18/2016 12:00 am

David McBee has been promoted to branch administrator at Arvest Bank in Yellville, and Keri Yarbrough has been promoted to private banking adviser at Arvest in Conway.

Crews' Derek Whitehead Moves to Conway

by Arkansas Business Staff 1/18/2016 12:00 am

Derek Whitehead has been named account executive in the Conway office of Crews & Associates of Little Rock.

Blake Fletcher Joins Stone Bank in LR

by Arkansas Business Staff 1/18/2016 12:00 am

Blake Fletcher has been hired as senior lending officer for the new Little Rock loan production office of Stone Bank of Mountain View.

State Bank Department Promotes Andrew McCormick

by Arkansas Business Staff 1/18/2016 12:00 am

Andrew McCormick has been promoted to bank junior examiner by the Arkansas State Bank Department.

Big Arkansas Banks Gear Up For $10B Threshold

by George Waldon 1/18/2016 12:00 am

Not long ago, crossing the $10 billion-asset threshold for a bank was merely a big round-number achievement. Now, however, banks surpassing $10 billion in assets face additional costs, fee restrictions and new layers of regulatory oversight.