Banking & Finance Archive

One Bank Sells Former Scooter Stuart House

by Arkansas Business Staff 7/21/2014 12:00 am

Syed and Ayesha Samad acquired the 12,350-SF mansion in west Little Rock's gated Hickory Creek neighborhood for $1.6 million.

Home BancShares Completes Purchase of Florida Traditions Bank

by Lance Turner 7/17/2014 02:01 pm

Home BancShares Inc. of Conway, the parent company of Centennial Bank, completes its previously announced acquisition of Florida Traditions Bank.

Arkansas Federal Credit Union Names Rodney Showmar President, CEO

by Arkansas Business Staff 7/17/2014 11:36 am

Arkansas Federal Credit Union said Thursday that Rodney Showmar had been named its new president and CEO.

Simmons First National 2Q Profit Up 50 Percent

by Lance Turner 7/17/2014 09:10 am

Simmons First National Corp. of Pine Bluff reports a 50 percent rise in second-quarter profit, part of what CEO George Makris called a "landmark quarter" for the fast-growing financial holding company.

Arvest Consumer Survey Shows Arkansans Mixed on Economy's Health

by Lee Hogan and Lance Turner 7/17/2014 08:57 am

Arvest Bank's first consumer sentiment survey finds Arkansans have a dimmer outlook on the economy than their neighbors in Oklahoma and Missouri.

Another Record: Home BancShares' 2Q Profit Up 60 Percent

by Lance Turner 7/17/2014 08:30 am

Home BancShares Inc. of Conway reports second quarter profit of $28.4 million or 43 cents per share, another record and a 60 percent increase from the $17.7 million or 31 cents per share it reported in the same quarter last year.

Green Forest Bank Has New Name: Anstaff

by Gwen Moritz 7/15/2014 11:20 am

Another Arkansas bank has changed its name in order to position itself for growth outside its traditional geographic area: First National Bank of Green Forest is becoming Anstaff Bank.

Farmers Bank of Magnolia Makes Deal to Buy 1st Bank of Texarkana, Texas

by Gwen Moritz 7/14/2014 05:28 pm

No price tag on the deal was included in the announcement; 1st Bank's equity capital stood at $30.9 million as of March 31.

Bank of the Ozarks 2Q Earnings Up 30 Percent

by George Waldon 7/14/2014 04:51 pm

Bank of the Ozarks Inc. of Little Rock today reported second quarter net income of $26.5 million, a 29.9 percent increase compared to 2013, and net income for the first two quarters was up more than 28 percent. CEO George Gleason noted recent acquisitions but said it's the company's "ability to organically grow our portfolio of high quality, good yielding loans and leases" that have been even more important.

Prosecutors Plan Appeal in Case of Brandon Barber's Attorney, K. Vaughn Knight

by Gwen Moritz 7/8/2014 04:56 pm

Conner Eldridge, U.S. Attorney for the Western District of Arkansas, and First Assistant U.S. Attorney Wendy L. Johnson filed notice that they will appeal U.S. District Judge P.K. Holmes' decision to throw out a jury's conviction of Knight on eight felony charges.

Simmons to Donate Eudora Bank Branch to Southern Bancorp

by Gwen Moritz 7/7/2014 10:21 am

Simmons is acquiring the branch with its pending purchase of Delta Trust & Bank but is being required under federal regulations to divest itself of the additional market share in the same Federal Reserve market area as Simmons' existing Lake Village branches.

Purchases Spur Redevelopment Of Bank Branch Sites

by George Waldon 7/7/2014 12:00 am

Two competitors recently stepped into the Pulaski County banking market to replace Metropolitan National Bank and National Bank of Arkansas. Even with the redevelopment of four NBA branches, Pulaski County has no shortage of banking locations, with 199 full-service branches operated by more than two dozen lenders.

Bank Charter Conversions Drop State's Number of Thrifts to Three

by Arkansas Business Staff 7/7/2014 12:00 am

United Bank of Springdale and Benefit Bank of Fort Smith received approval from the Arkansas State Bank Department to convert from federal savings banks to state banks.

No Daily Report, E-newsletters on Friday

by Arkansas Business Staff 7/3/2014 10:01 am

Arkansas Business will not send the Daily Report or weekly industry e-newsletters on Friday, the Fourth of July. Arkansas Business Publishing Group offices will be closed Friday as well, reopening on Monday. ABPG wishes everyone a happy Fourth.

Insurance Agent Steve Standridge Pleads Guilty, With Caveats

by Gwen Moritz 7/2/2014 11:43 am

Steve Standridge pleaded guilty to two of the 35 federal felony counts against him, but he reserved the right to withdraw the plea.

Survey: Midwest Economy Growing

by Associated Press 7/1/2014 09:23 am

The economy in nine Midwestern and Plains states including Arkansas should continue growing steadily in the months ahead, according to a monthly survey of business leaders released Tuesday.

Jim Bolt Criminal Saga Reveals ‘A Certain Amount Of Genius'

by Gwen Moritz 6/30/2014 12:00 am

A federal judge sentenced James W. Bolt to a sentence 29 months longer than standard sentencing guidelines. It was an acknowledgement that the only way to keep Bolt from breaking the law was to keep him locked up.

After 9 Years, Larry Biernacki Leaves Bigger Arkansas Federal Credit Union

by Gwen Moritz 6/30/2014 12:00 am

Arkansas Federal Credit Union was a good organization with $405 million in assets when Biernacki arrived nine years ago this month, having been well and carefully managed into its position as largest credit union in the state by Hank Klein.

NLR Acreage Acquisition Approaches $2.7 Million (Real Deals)

by George Waldon 6/30/2014 12:00 am

More than 420 acres on the eastern edge of North Little Rock changed hands in a transaction valued at $2.69 million. The sale of two Citgo convenience stores added up to a $1.4 million combo deal. And a 7,460-SF industrial project in North Little Rock changed hands in a $450,000 sale.

Help Card Offers Funeral Financing

by Brandon Riddle 6/30/2014 12:00 am

The Help Card in Springdale and Continental Computer Corp. in Jonesboro have joined forces to provide a processing component to the Directors Assistant program, a service for funeral directors.