Banking & Finance Archive

Simmons Snags Arvest's Greg Martin as Top NWA Executive

by Gwen Moritz 11/20/2015 11:14 am

Greg Martin, a senior vice president at Arvest Bank in Fayetteville, has been hired to succeed James Stobaugh as Simmons First National Bank's top executive in northwest Arkansas.

Arkansas Capital Corp. Changing Funding Model

by Mark Carter 11/20/2015 11:11 am

Arkansas Capital Corp. of Little Rock will no longer work with state government to provide small-business loans. For the first time in the organization's almost 60-year history, its funding model is changing.

Rodney West to Take Over for Mike Flynn as Simmons Fort Smith President

by Arkansas Business Staff 11/19/2015 10:17 am

Rodney West has been named Fort Smith community president for Simmons First National Bank, the bank announced Thursday. West will replace Mike Flynn when Flynn retires at the end of the year.

Financial Quarter Works to Host 'Pop-Up' Event, Finalize Branding

by Alexis Hosticka 11/17/2015 02:50 pm

Financial Quarter organizers are working to implement phase one of a three-phase plan, beginning with a possible event in March that builds on the Little Rock Marathon.

Tech Park Board Extends Property Deadline for Richard Mays

by Mark Carter 11/16/2015 04:25 pm

The Little Rock Technology Park Authority Board votes Monday to give Richard Mays until Friday to accept the board's offer of $845,000 for his 10,000-SF property at 415 Main St.

One Bank Sues Insurance Broker Over 11-Year-Old Loan

by Arkansas Business Staff 11/16/2015 12:00 am

One Bank sues Debra Hoag, the Chicago insurance broker who helped arrange the $20 million life insurance policy for the late Layton “Scooter” Stuart

Average US Rate on 30-Year Mortgage Jumps to 3.98 Percent

by Associated Press 11/12/2015 11:30 am

Average long-term U.S. mortgage rates this week rose sharply for a second straight week as expectations grew that the Federal Reserve may soon raise its key short-term interest rate.

AEDC Hosts Workshops for Minority Business Owners

by Arkansas Business Staff 11/11/2015 09:07 am

The Arkansas Economic Development Commission's Small and Minority Business Division will host two workshops this month geared toward minority business owners.

Malvern National Bank Opens New Branches in Little Rock, Conway

by Arkansas Business Staff 11/10/2015 01:24 pm

MNB announced Friday the opening of two new bank branches, one at Gateway Town Center on Bass Pro Parkway in Little Rock and another on Markham Street in Conway.

Bank of the Ozarks Buys C1 Financial of Florida in $402M Deal

by Lance Turner and George Waldon 11/10/2015 07:14 am

Bank of the Ozarks Inc. of Little Rock said late Monday that it has purchased C1 Financial Inc. of St. Petersburg, Florida, and its wholly owned bank subsidiary, C1 Bank, in all-stock deal worth $402.5 million.

Frank Lyon Jr. Dies at 74; Funeral Set For Thursday

by Arkansas Business Staff 11/9/2015 04:11 pm

Frank Lyon Jr., who served as chairman, president or director of many companies including Coca-Cola Bottling Company of Arkansas, died Sunday, Nov. 8 at his Little Rock home.

Investment Group Headed by Johnelle Hunt Alleges Fraud in One Bank Lawsuit

by Arkansas Business Staff 11/9/2015 12:00 am

Extraordinary items have provided the $329 million-asset One Bank & Trust with three quarterly respites from losses during the past 18 months. But more courtrooms await the bank since being sued by BHL Financing

With No Pending Acquisitions, Simmons Execs Enjoy Bank Holiday

by Arkansas Business Staff 11/9/2015 12:00 am

With no bank conversions on the docket, Simmons First National executives are taking a quick breather.

John Hancock Insurance Loan to Scooter Stuart Gains New Life in Lawsuit

by George Waldon 11/9/2015 12:00 am

Layton "Scooter" Stuart received a $20 million life insurance policy with his family trusts as the beneficiaries. His alleged abuse of the trusts and his borrowing privileges on the policy are the basis of a federal lawsuit headed for trial in February.

Parkway Sale: Failed Foray Sets the Stage

by George Waldon 11/9/2015 12:00 am

The pending sale of Parkway Bankshares Inc. of Portland (Ashley County) will end an 11-year struggle to make profitable inroads in northwest Arkansas.

Deanna Brock Steps Up at First Service Bank of Greenbrier (Movers & Shakers)

by Arkansas Business Staff 11/9/2015 12:00 am

Deanna Brock has been promoted to Conway vice president and commercial loan officer by First Service Bank of Greenbrier.

Downtown Springdale Alliance Hires First Director

by Arkansas Business Staff 11/5/2015 04:10 pm

The Downtown Springdale Alliance hired Misty Murphy to be the organization's first executive director.

Officials Break Ground in Bentonville for $21M 8W Center

by Arkansas Business Staff 11/5/2015 02:36 pm

Developers began construction this week on the $21 million, six-story 8W Center at 8th and Walton Boulevard across from the Wal-Mart Stores Inc. headquarters in Bentonville.

Wingfield, Roberts Honored for Lifetime Achievement at CFO of the Year Event

by Arkansas Business Staff 11/5/2015 10:04 am

Gena Wingfield, CFO of Arkansas Children's Hospital in Little Rock, and Bob Roberts, CFO at Baptist Health in Little Rock, were honored with lifetime achievement awards at the Arkansas Business CFO of the Year luncheon on Wednesday.

Arvest Report: Consumer Sentiment Declines in Arkansas

by Lance Turner 11/3/2015 09:34 am

Arkansans' opinions about the economy have fallen since March, bringing a key consumer sentiment measure more in line with national attitudes, according to a new report sponsored by Arvest Bank.


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