Banking & Finance Archive

Mike Beebe Joins Board of Home BancShares, Stock to Split in June

by Gwen Moritz 4/22/2016 07:39 am

Former Gov. Mike Beebe has been named to the board of directors of Home BancShares Inc., the publicly traded parent company of Centennial Bank that is headed by his college fraternity brother, Chairman John Allison.

Makris: Simmons First Looking at Nearby States for Expansion

by Gwen Moritz 4/20/2016 10:31 am

Simmons First National Corp., having moved into Tennessee and expanded its presence in Missouri and Kansas, is now casting eyes on more neighboring states, CEO George Makris Jr. said Tuesday night.

Despite First Steps, ESP's Jefferson County Fuel Factory Not Set in Stone

by Arkansas Business Staff 4/18/2016 12:00 am

Jefferson County taxpayers have picked up the tab for nearly $3 million worth of land, and Energy Security Partners has signed a lease, but the plant site is still not quite a done deal, according to CEO Roger Williams.

Taxing Times: IRS Data on Refunds

by Arkansas Business Staff 4/18/2016 12:00 am

The IRS issued more than 119 million refunds amounting to almost $403.3 billion in fiscal year 2015 after collecting more than $3.3 trillion in gross taxes.

Executive Recruiter Cameron Smith on Assessing Assistants

by Arkansas Business Staff 4/18/2016 12:00 am

Cameron Smith founded the executive recruitment firm Cameron Smith & Associates in 1992. The firm has gone on to become the top provider of executive talent to the almost 1,400 vendors doing business with Wal-Mart Stores Inc.

Zoe's Kitchen Serves $2.2 Million WLR Sale (Real Deals)

by George Waldon 4/18/2016 12:00 am

A California company bought the Zoe's Kitchen restaurant at 12900 Chenal Parkway from Zoe's Arkansas LLC of Plano, Texas.

Julie Bridgforth Fills Executive Spot at Relyance (Movers & Shakers)

by Arkansas Business Staff 4/18/2016 12:00 am

Julie Bridgforth has joined Relyance Bank of Pine Bluff as vice president of corporate sales and community relations.

Tech Park Board Approves Phase 1 Rental Rates

by Sarah Campbell 4/13/2016 06:34 pm

The Little Rock Technology Park Authority Board approved rental rates ranging from $200 to $1,100 for furnished slots at 48,264-SF of space under construction at 415 and 417 Main St.

Citizens Bank Announces $10M Low-Interest Loan Fund for Downtown Batesville

by Gwen Moritz 4/12/2016 08:18 pm

The locally owned bank will also make up to $100,000 worth of cash grants for small exterior improvements to downtown properties.

Bank of Ozarks Reports Record 1Q Net Income

by Lance Turner 4/12/2016 11:32 am

Bank of the Ozarks Inc. of Little Rock on Monday reported first-quarter net income of $51.7 million, a new record, and up nearly 30 percent from the same quarter last year.

Benton, Washington Counties Show Increase in Homes Sold

by Arkansas Business Staff 4/12/2016 10:22 am

A new report shows northwest Arkansas saw an increase in building permits and existing homes sold in the second half of 2015 compared with the same period last year.

Big Stipulations from Energy Security Partners Gets Cheap Lease on Land

by Arkansas Business Staff 4/11/2016 12:00 am

So how do you get a 10-year lease on a big chunk of land and pay just $10 a year in rent? If the $100 deal between Energy Security Partners LLC and the Economic Development Corp. of Jefferson County is any indication, you have to make some big promises.

Plea Deal Could Be Coming in First National Bank of Lawrence County Embezzlement Case

by Arkansas Business Staff 4/11/2016 12:00 am

More details about a $3.9 million employee theft at First National Bank of Lawrence County could be revealed if a former employee waives indictment and enters a plea deal.

Calling Out Boss Hogg (Gwen Moritz Editor's Note)

by Arkansas Business Staff 4/11/2016 12:00 am

Federal Reserve examiners will be trained to look for signs of a bank executive who dominates subordinates or assumes too many roles. You and I might call him a Boss Hogg.

IRS Collected Over $3.3 Trillion in FY 2015

by Arkansas Business Staff 4/11/2016 12:00 am

The Internal Revenue Service has released its 2015 IRS Data Book, containing information about returns filed, taxes collected and other tax-related subjects.

Shale Play Loan Hits Nonaccrual at Heartland Bank

by George Waldon 4/11/2016 12:00 am

Among Heartland's biggest and worst energy-related loans is one connected with a shale play in the New Albany formation of eastern Illinois.

Bear State Latest Bank Going for State Charter

by George Waldon 4/11/2016 12:00 am

Bear State Bank of Little Rock, which now has a national bank charter despite its name, intends to convert to a state charter.

Merchants & Planters Ready for 3rd Branch in Batesville

by George Waldon 4/11/2016 12:00 am

A Jackson County bank is moving to increase its presence in the neighboring $815 million-deposit Independence County market.

Tandem Apartment Sales Add Up to $11.2 Million (Real Deals)

by George Waldon 4/11/2016 12:00 am

Shorter College Gardens Apartments in North Little Rock sold for $7.05 million while Willow Bend Apartments in Jacksonville sold for $4.25 million.

Developing Your Bench (Barry Goldberg On Leadership)

by Barry Goldberg 4/11/2016 12:00 am

A succession plan means not only knowing who could move into an open slot, but what development gaps the candidate has for readiness and what the plans are for filling those gaps.