Banking & Finance Archive

Lauren James, First Security Reach Settlement in Lawsuit

by Mark Friedman 2/11/2019 12:00 am

First Security Bank of Searcy last week settled its lawsuit against Lauren James Enterprises Inc. of Fayetteville, ending a legal battle that included allegations that the women's clothing company conducted a sham foreclosure sale in August to avoid paying the bank.

Partner in John Daly Steakhouse Venture Files for Bankruptcy

by Arkansas Business Staff 2/11/2019 12:00 am

The minority partner in the failed John Daly Steakhouse project in Conway recently filed for Chapter 7 bankruptcy liquidation, listing $4.7 million in debts.

Allcorp Ownership of Bradley Bank Liquidated for $2.6M

by Arkansas Business Staff 2/11/2019 12:00 am

The long-running Allcorp Inc. bankruptcy case is moving toward a close.

Arkansas' 3E Software Picked for Accelerator

by Sarah Campbell-Miller 2/11/2019 12:00 am

3E Software Inc. of Springdale is one of 10 companies, and the only one from Arkansas, chosen to participate in the inaugural ICBA ThinkTECH Accelerator.

Donna Townsell Joins Boards for Home BancShares, Centennial Bank

by Arkansas Business Staff 2/8/2019 10:32 am

Home BancShares Inc. of Conway says Donna Townsell has been elected as a member of the board of directors for both Home BancShares and its subsidiary, Centennial Bank.

ADEQ Seeking Applications, Nominations for Environmental Awards

by Arkansas Business Staff 2/4/2019 10:30 am

The Arkansas Department of Environmental Quality is seeking the state's top environmental leaders to apply for this year's ADEQ Environmental Awards.

Fraud Allegations Surround Schwyhart's Secret Holdings

by George Waldon 2/4/2019 12:00 am

A creditor gets a peek behind Bill Schwyhart's corporate veil but is not allowed to disclose what he's seen.

Spoofing Scams on the Rise, Costing Arkansas Companies Millions

by Mark Friedman 2/4/2019 12:00 am

Business email compromise (BEC), a type of fraud that uses fake employee emails, on the rise and shows no signs of slowing down.

Cryptojacking Is Trend to Watch

by Sarah Campbell-Miller 2/4/2019 12:00 am

Cryptojacking, the unauthorized use of others' computers to "mine" cryptocurrencies like bitcoin, has surpassed the use of ransomware as the top cybercrime.

Generations Bank Hires Banister, Promotes Three (Movers & Shakers)

by Arkansas Business Staff 2/4/2019 12:00 am

Charlotte Banister is the new director of marketing for Generations Bank in Rogers.

Lindsey Road Project Sells for $10.8M (Real Deals)

by George Waldon 2/4/2019 12:00 am

Affiliates of Eliken Property Management of New York purchased the 557,950-SF industrial project in east Little Rock.

Fed Keeps Key Rate Unchanged and Pledges to be 'Patient'

by Associated Press 1/30/2019 02:04 pm

The Federal Reserve is keeping its key interest rate unchanged and signaling that it could leave rates alone in coming months given economic pressures and mild inflation. The Fed also says it's prepared to slow the reduction of its bond holdings if needed to help the economy.

US Pending Home Sales Fell 2.2 Percent in December

by Associated Press 1/30/2019 09:32 am

Fewer Americans signed contracts to buy homes in December with affordability pressures causing interest from would-be buyers to fall.

Fed Likely to Send Reassuring Note of Patience on Rate Hikes

by Associated Press 1/28/2019 10:57 am

Chairman Jerome Powell is likely to refer this week to a word he's been using to describe the Federal Reserve's latest approach to interest rates: "Patient."

Just My Luck (Gwen Moritz Editor's Note)

by Gwen Moritz 1/28/2019 12:00 am

The vast majority of daily local newspapers are cash-starved — the first industry to starve to death when consumer demand for its product is at an all-time high.

The State of The Union (Editorial)

by Arkansas Business Editors 1/28/2019 12:00 am

We don't need a presidential speech to tell us what the state of the union is. It's broken but held together, at least in Arkansas, by individual and communal acts of goodwill, acts that we salute and appreciate.

Feds Call 'Dibs' on Accountant in Roach Embezzlement Lawsuit

by Arkansas Business Staff 1/28/2019 12:00 am

It looks like the federal government is taking an interest in the former Jonesboro accountant Edward M. Cooper Jr., who allegedly embezzled $8.9 million from his former client — double what was initially revealed.

Will Edwards Steps Up at First Security in Jonesboro (Movers & Shakers)

by Arkansas Business Staff 1/28/2019 12:00 am

Will Edwards has been promoted to loan officer at First Security Bank in Jonesboro.

Chicago Firm Pays $31M For Chancellor Hotel (NWA Real Deals)

by Marty Cook 1/28/2019 12:00 am

AJ Capital bought the Chancellor Hotel in downtown Fayetteville and plans to convert the property into a boutique Graduate Hotel.

Generations Bank Moving Headquarters to Rogers

by George Waldon 1/28/2019 12:00 am

Generations Bank of Hampton is relocating its headquarters from Calhoun County to northwest Arkansas.