Banking & Finance Archive

Bank of the Ozarks 3Q Profit Up 26 Percent

by George Waldon 10/11/2017 08:24 am

Bank of the Ozarks this morning announced record profits of $96 million for the third quarter. The performance topped last year's third quarter net income of $76 million by 26.3 percent.

Bank of the Ozarks Director Recognized by Savoy Magazine

by Arkansas Business Staff 10/10/2017 12:13 pm

Bank of the Ozarks announced Tuesday that board member Paula Cholmondeley has been recognized by Savoy magazine as one of its 2017 Most Influential Black Corporate Directors.

Even With Lien Lifted, Lawyers Still Squabble Over Quapaw House

by Arkansas Business Staff 10/9/2017 12:00 am

Former law partners Scott Poynter and John Emerson continue to fight in court over liens and loans tied to 1887 Rozelle-Murphy House.

Generations Bank Files Foreclosure on Reams

by Arkansas Business Staff 10/9/2017 12:00 am

Generations Bank filed a foreclosure suit in Benton County Circuit Court in an attempt to recoup more than $800,000 in loans provided to a Siloam Springs company.

Arkansas Banks Sub ITMs for Tellers to Gain Competitive Edge

by Sarah Campbell-Miller 10/9/2017 12:00 am

Several Arkansas banks are using interactive teller machines to offer extended hours and better service to their customers, grow their deposits and gain a competitive edge, especially in new markets.

Bank of the Ozarks Move Slices Reporting Obligations to Fed

by George Waldon 10/9/2017 12:00 am

When Bank of the Ozarks absorbed its parent company in June, the $20 billion-asset lender shed itself of two regulators.

Bank of the Ozarks' George Gleason Reallocates Time to Oversee Loan Growth

by George Waldon 10/9/2017 12:00 am

George Gleason, chairman and CEO of Bank of the Ozarks, reshuffled his duties earlier this year to devote about 75 percent of his time to the bank's real estate specialties group.

Median Household Income Rises 5.6 Percent in Arkansas

by Arkansas Business Staff 10/9/2017 12:00 am

Arkansas, Louisiana, Mississippi and West Virginia had the lowest median household incomes for 2016.

Arvest Again Tops List of Largest Banks in Arkansas

by Gwen Moritz 10/9/2017 12:00 am

Total deposits in the state rose to almost $64.2 billion even as the number of separate bank charters and branch locations continued to decline.

Signature Bank's Gary Head on Putting a Postive Stamp on Community Commerce

by Arkansas Business Staff 10/9/2017 12:00 am

Gary Head, 57, is chairman, president and CEO of Signature Bank of Arkansas, which he and fellow investors started in 2005 after raising $44 million in startup capital.

Nursing Homes Combine For $9.1M Transaction (Real Deals)

by George Waldon 10/9/2017 12:00 am

Rolling Hills H.C. Inc., led by Joey Wiggins, purchased the 139-room Sandalwood Healthcare project at 2600 John Barrow Road for $5 million and the 70-room Chenal Rehabilitation & Healthcare Center at 3115 S. Bowman Road for $4.1 million.

Bank of McCrory Purchase Carries Price of $9.5 Million

by George Waldon 10/9/2017 12:00 am

The $79 million-asset Bank of McCrory will be merged into First National Bank of Wynne. The combination will boost First National's total assets to more than $358 million.

OCC Order Wraps Up Dispute Over One Bank Loans

by George Waldon 10/9/2017 12:00 am

The Office of the Comptroller of the Currency in August tied up a loose end left dangling for years at Little Rock's One Bank & Trust.

Joseph Dunn Takes Seat on Gateway Bank Board (Movers & Shakers)

by Arkansas Business Staff 10/9/2017 12:00 am

Joseph Dunn, chief credit officer for Gateway Bank of Rison, has been named to the bank's board of directors.

Forfeited Property Sold for $1M

by Arkansas Business Staff 10/5/2017 02:55 pm

AOR LLC, led by John Starling of JTS Financial Services of Little Rock, has purchased a 21,256-SF office building in Little Rock.

Federal Regulator Clamps Down on Payday Lending Industry

by Associated Press 10/5/2017 01:09 pm

A federal regulator announced new restrictions Thursday on the payday lending industry, a move that is likely to face resistance in Congress.

Senate Confirms Trump Pick to Serve on Federal Reserve

by Associated Press 10/5/2017 01:07 pm

The Senate has confirmed President Donald Trump's nomination of Randal Quarles to serve on the Federal Reserve, the first step in the Republican's efforts to remake the nation's powerful central bank.

US 30-Year Mortgage Rates Average Rises to 3.85 Percent

by Associated Press 10/5/2017 01:05 pm

Long-term mortgage rates ticked up slightly this week as the average 30-year fixed-rate mortgage rose to 3.85 percent from 3.83 percent a week ago.

Home BancShares Promotes Kelly Buchanan

by Arkansas Business Staff 10/3/2017 12:26 pm

Home BancShares Inc. of Conway, parent company of Centennial Bank, announces the promotion of Kelly Buchanan to director of corporate branch strategies.

In-State Bank Deposits Grow by 5.6 Percent, Beating National Rate

by Gwen Moritz 10/3/2017 11:20 am

Arkansas bank deposits grew by 5.6 percent in the year that ended June 30, beating the national growth rate of 4.6 percent.