Banking & Finance Archive

Walter Quinn Sues Heartland Bank, Richard O' Brien

by Arkansas Business Staff 12/4/2017 12:00 am

Once the largest stockholder in the Little Rock bank, Quinn claims O'Brien contributed to his financial difficulties and pushed him out of Heartland. His complaint alleges breach of fiduciary duty and fraud.

Tracing Path to Big Buys by Simmons Bank

by George Waldon 12/4/2017 12:00 am

Here's a look at some highlights along the path traveled by Simmons First National Corp. to bring two of its biggest deals home and grow the bank holding company into a $14 billion-asset concern.

Coca-Cola Plant Transaction Approaches $11 Million (Real Deals)

by George Waldon 12/4/2017 12:00 am

The largest independent Coca-Cola bottler in the nation bought the 22.2-acre complex from Atlanta's Coca-Cola Refreshments USA Inc., a subsidiary of the Coca-Cola Co.

Surgeon Logan Lynch Starts at St. Bernards (NEA Movers & Shakers)

by Arkansas Business Staff 12/4/2017 12:00 am

Lynch completed an internship and residency at the University of Mississippi Medical Center, where he spent the last year as administrative chief resident of general surgery.

Jim Fram Takes Committee Seat at International Economic Development Council (Movers & Shakers)

by Arkansas Business Staff 12/4/2017 12:00 am

Jim Fram has been appointed to the Accredited Economic Development Organization Advisory Committee by the International Economic Development Council.

Legislative Auditor Roger Norman Examines Where Most Accounting Issues Take Place

by Arkansas Business Staff 12/4/2017 12:00 am

Norman, a past president of the National State Auditors Association, serves on the board of the Arkansas Society of CPAs.

Fed Board Member, State Economic Forecaster Assess Economy

by Sarah Campbell-Miller 12/1/2017 10:53 am

James Bullard, president of the Federal Reserve Bank of St. Louis, fielded questions Friday about President Donald Trump's pick to head the Federal Reserve Board, the GOP tax plan and the future of banking regulations.

US Construction Spending Up a Strong 1.4 Percent in October

by Associated Press 12/1/2017 10:34 am

U.S. construction spending surged 1.4 percent in October, the best gain in five months, with all major categories of building posting gains.

Bank of the Ozarks Hires Contractor for New HQ

by Sarah Campbell-Miller 11/30/2017 08:47 am

Bank of the Ozarks has hired CDI Contractors LLC to build its new headquarters in west Little Rock and plans to break ground in December.

Fed Report: Employers Raising Wages in Tight Labor Market

by Lance Turner 11/29/2017 03:22 pm

Employers in the Federal Reserve's Eighth District, which includes all of Arkansas and parts of six nearby states, say they are raising starting wages and salaries to attract new workers amid a tight labor market.

US Economy Expanded at Brisk 3.3 Percent Pace

by Associated Press 11/29/2017 10:03 am

Led by a rise in business investment, the U.S. economy grew at an annual pace of 3.3 percent from July through September, its fastest rate in three years.

US New-Home Sales Jumped 6.2 Percent in October

by Associated Press 11/27/2017 09:13 am

Americans bought new homes in October at the fastest pace in a decade — a 6.2 percent monthly increase.

New Frauds Land John Rogers in Prison

by George Waldon 11/27/2017 12:00 am

Testimony at the Nov. 20 bond revocation hearing of serial fraudster John Rogers shed more light on new evidence uncovered by federal investigators.

Ex-Partner Alleges Walter Quinn Used Straw Borrowers

by Mark Friedman 11/27/2017 12:00 am

A former business partner has alleged under oath that he and others served as straw borrowers so that Walter Quinn of Little Rock could access money from Heartland Bank, where Quinn was a director and its leading shareholder.

Generations Bank Forecloses on Former Gravette Mayor

by Arkansas Business Staff 11/27/2017 12:00 am

Generations Bank has filed a foreclosure suit in Benton County Circuit Court against a former Gravette mayor who ran a since-closed restaurant.

Ross Whipple Branches Out, Logs Time Away from Boardroom

by Arkansas Business Staff 11/27/2017 12:00 am

Ross Whipple manages more than 120,000 acres of Arkansas timberland as chairman of the Ross Foundation and president of Horizon Timber Services Inc.

As Interest Rates Rise, Banks Are Paying More For Deposits

by Associated Press 11/22/2017 09:04 am

For years after the recession, banks paid next to nothing on deposits — much to the detriment of savers everywhere. Now, banks have increased lending and need more deposits, so they're willing to pay higher interest rates.

As Data Breach Costs Rise, Cyber Insurance Looks Good

by Sarah Campbell-Miller 11/20/2017 12:00 am

Companies are becoming more interested in purchasing cyber liability coverage as they become more aware of data breaches and the damage they can inflict on a business.

With Health Care, Allen Kerr Seeks Freedom from Fed

by Arkansas Business Staff 11/20/2017 12:00 am

Arkansas Insurance Commissioner Allen W. Kerr has over three decades of experience in insurance and financial services.

New Staff Members Start at Stone Bank in North Arkansas (Movers & Shakers)

by Arkansas Business Staff 11/20/2017 12:00 am

Casey Patrick Whitney has joined Stone Bank in Harrison as assistant vice president and customer service manager, and Melissa Ring is a new customer service representative at the Mountain View office.