Banking & Finance Archive

Stop Payday Lending – Again (Editorial)

by Arkansas Business Editors 3/20/2017 12:00 am

Arkansans have repeatedly affirmed at the ballot box that they oppose predatory lending, but two state legislators are trying to make it easier for predatory lenders to operate.

Memory Care Facility Visited by $14M Sale (Real Deals)

by George Waldon 3/20/2017 12:00 am

The 74-bed assisted living center in west Little Rock was bought by an affiliate of Mainstreet Health Investments of Carmel, Indiana.

Governor Appoints Arkansas CEOs to Study State's Computer, Data Sector

by Arkansas Business Staff 3/17/2017 10:19 am

Gov. Asa Hutchinson forms a blue ribbon commission to study how to grow the state's computer science and data analytics sector. The 19-member commission is co-chaired by Acxiom Corp. founder Charles Morgan and Arkansas Economic Development Commission Executive Director Mike Preston.

Venture Center, Bear State Bank Partner on FinTech Accelerator

by Arkansas Business Staff 3/16/2017 04:26 pm

The Venture Center of Little Rock on Thursday announced its partnership with Bear State Bank for the 2017 VC FinTech Accelerator, which is sponsored by global technology services provider FIS and held at the Little Rock Technology Park.

Fed Hikes Key Rate for Second Time in 3 Months

by Associated Press 3/15/2017 01:41 pm

The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual.

Most Simmons First Executives See Pay Drop in 2016

by George Waldon 3/15/2017 08:28 am

George Makris Jr., 60, chairman and CEO of Simmons First National Corp., received total compensation of more than $2.4 million during 2016 — almost 22.4 percent lower than 2015.

Nominate by Friday for Arkansas Business 40 Under 40

by Arkansas Business Staff 3/14/2017 11:14 am

Arkansas Business is seeking nominations for its 40 Under 40 program, which recognizes 40 professionals under the age of 40 who excel in their profession and are leaving their mark on the Arkansas business and nonprofit community.

Bank of the Ozarks CEO's Pay Up 5 Percent in 2016

by George Waldon 3/13/2017 11:00 am

George Gleason, 63, chairman and chief executive officer of Little Rock's Bank of the Ozarks Inc., received total compensation of $6.2 million during 2016.

Kathy Deck To Leave Arkansas for Alabama-Tuscaloosa

by Arkansas Business Staff 3/13/2017 12:00 am

Economist Kathy Deck is leaving the University of Arkansas at Fayetteville to become the director of community and economic research partnerships at the University of Alabama at Tuscaloosa.

New Loan in the Works for K Lofts

by Arkansas Business Staff 3/13/2017 12:00 am

A new loan from an Alabama lender for the long dormant K Lofts development in downtown Little Rock was supposed to close last week.

Golden Bankruptcy Reveals Allcorp Deal

by George Waldon 3/13/2017 12:00 am

A possible bank stock sale and details of a legal settlement are part of the bankruptcy narrative in the 66-page Chapter 7 filed by Lex and Ellen Golden of Little Rock.

Managing Small-Business Cash Flow (Marcus Guinn Expert Advice)

by Marcus Guinn 3/13/2017 12:00 am

Cash flow is the largest determining factor of a small business' success or failure. Before a company opens for business, there should be a plan in place for managing cash flow.

The Policy Rule Debate: A Simpler Solution (James Bullard Commentary)

by James Bullard 3/13/2017 12:00 am

The Federal Reserve should issue a quarterly monetary policy report to better explain its actions and projections on a regular basis.

Shelia Cannon Turns to Stone Bank (Movers & Shakers)

by Arkansas Business Staff 3/13/2017 12:00 am

Shelia Cannon has been named a professional banker on the retail banking team at Stone Bank in White Hall.

Downtown Startup Space Among Conway Chamber's Priorities

by Sarah Campbell 3/10/2017 11:38 am

The Conway Area Chamber of Commerce said Thursday it will raise public and private money for seven "generation defining" projects, including a startup space that Conway Corp. has said it will pay for.

Simmons Bank Buys Acxiom Building in Downtown Little Rock

by George Waldon 3/10/2017 10:39 am

Simmons Bank of Pine Bluff bought the 12-story Acxiom Building in downtown Little Rock, and Acxiom Corp. will move its headquarters back to Conway, where it was founded, the two companies announced Friday.

Lex Golden Lists Nearly $8 Million in Liabilities in Bankruptcy Filing

by Arkansas Business Staff 3/6/2017 12:00 am

Lex Golden, the Little Rock banker who once controlled two Arkansas financial institutions, recently filed Chapter 7 bankruptcy.

Auto Dealership Buys Surpass $41 Million (Real Deals)

by George Waldon 3/6/2017 12:00 am

Affiliates of Little Rock's McLarty Auto Group bought four auto properties from affiliates of Asbury Automotive Group of Duluth, Georgia.

Podiatrist's Purchase of Convention Center Gives Texarkana Officials Cold Feet

by Mark Friedman 3/6/2017 12:00 am

A Texas podiatrist with a past that includes a federal conviction wants to buy the troubled Arkansas Convention Center & Holiday Inn out of bankruptcy — and that has some Texarkana officials on the Arkansas side concerned.

Midsouth Bank Accuses Arkansas Convention Center Owner of Fraud

by Mark Friedman 3/6/2017 12:00 am

MidSouth Bank of Lafayette, Louisiana, has asked a bankruptcy court judge not to allow Dr. Hiren D. Patel, who owns the Arkansas Convention Center & Holiday Inn in Texarkana, to be allowed to walk away from a $13.3 million debt he owes the bank.

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