Banking & Finance Archive

Bank of the Ozarks 3Q Net Income Up 21 Percent

by George Waldon 10/15/2014 12:32 pm

Bank of the Ozarks Inc. of Little Rock announced net income for the third quarter grew by 21.3 percent to $32.1 million. Profits were backed by record quarterly net interest income of $74.6 million, a 47.4 percent increase from a year ago.

Mark Millsap on Why the Federal Reserve May Have Zero Interest in Repairing the Economy

by Arkansas Business Staff 10/13/2014 12:00 am

Mark Millsap is a co-owner of Foundation Resource Management, which has a team of six investment professionals and five administrative employees managing approximately $2.1 billion.

Paul Hindman Goes Forward With First Community Bank

by Arkansas Business Staff 10/13/2014 12:00 am

Paul Hindman has been named senior vice president and senior credit officer for First Community Bank of Batesville, which has assets of more than $900 million and 17 branch offices. Hindman will work in the office at 1617 S. Caraway Road in Jonesboro.

Relyance Team Continues Bank's Move Into LR Market (Movers & Shakers)

by Arkansas Business Staff 10/13/2014 12:00 am

Nina Castaldi, Sandy Ross, Nikki Pfleger and LaTonja Hill are members of Relyance Bank of Pine Bluff's new Little Rock team.

The Mind of an Entrepreneur (Mitch Bettis Publisher's Note)

by Mitch Bettis 10/13/2014 12:00 am

On Oct. 24, Arkansas Business, in partnership with the College of Business at the University of Arkansas at Little Rock, is hosting another Power Breakfast executive panel.

Fraud Helped Extend One Bank's Solvency, Hunt Company's Lawsuit Alleges

by George Waldon 10/13/2014 12:00 am

An injection of $17.3 million in U.S. Treasury TARP funds five years ago saved Little Rock's One Bank & Trust from insolvency. A lawsuit against the bank's parent company, One Financial Corp., alleges that deception was deployed to obtain that money.

Arvest Extends Lead on List of Largest Trust Departments

by Gwen Moritz 10/13/2014 12:00 am

This week, Arkansas Business presents three industry lists with the common theme of wealth management: trust departments, money managers and broker-dealers.

Court Appoints Former LR Mayor Special Administrator in Scooter Stuart Case

by George Waldon 10/13/2014 12:00 am

Tom Prince, former Little Rock mayor, has entered the fray between Little Rock's One Bank & Trust and the estate of its former controlling owner and CEO, Layton “Scooter” Stuart.

More Baby Boomers' 401(k) Plans Not Financially Ready for Retirement

by Mark Friedman 10/13/2014 12:00 am

Baby boomers between 55 and 64 haven't squirreled away that much money for retirement, though some Arkansas money managers say their clients mostly will be financially ready.

John Stacks, Mountain Pure Owner, Convicted of Seven Federal Counts

by Gwen Moritz 10/9/2014 06:13 pm

A federal court jury deliberated for most of three days before reporting that it was hung on three additional counts of money laundering.

Citizens Bank Eyes NWA Expansion, Names Doug Lynch Market President

by Arkansas Business Staff 10/6/2014 02:30 pm

Citizens Bank of Batesville has launched opened a loan production office in Fayettevile, marking the launch of its expansion into northwest Arkansas.

Fed Uncaps Its Case Against Mountain Pure's John Stacks

by Arkansas Business Staff 10/6/2014 12:00 am

The criminal trial of John Stacks, owner of Mountain Pure water bottler and former CEO of HomeBank of Arkansas, commenced last week before U.S. District Judge Leon Holmes, 12 jurors and two alternates.

Receiver Takes Control of Turner Grain

by Arkansas Business Staff 10/6/2014 12:00 am

U.S. District Court Judge James M. Moody Jr. named bankruptcy attorney Kevin Keech and his North Little Rock law firm to take control of what's left of Turner Grain Merchandising Inc. of Brinkley.

Crittenden Regional Hospital's True Financial Status Surprised Directors

by Mark Friedman 10/6/2014 12:00 am

Directors of Crittenden Regional Hospital learned on Aug. 19 that its monthly revenue was only $2 million — about half what they had previously been led to believe — while expenses were about $5 million, the CEO of the shuttered hospital revealed in a bankruptcy court filing.

IberiaBank to Buy Florida Bank Group Inc.

by Arkansas Business Staff 10/3/2014 03:01 pm

IberiaBank Corp. of Lafayette, Louisiana, says it will buy Florida Bank Group Inc. of Tampa, Florida, in a cash and stock deal worth about $87 million.

Report: Northwest Arkansas Job Growth Ahead of Peers

by Marty Cook 10/3/2014 08:02 am

Northwest Arkansas job growth easily beat its peer regions, the state and the nation this past year, according to a report released Thursday by the University of Arkansas.

Frost Acquires Phoenix Accounting Firm

by Gwen Moritz 10/1/2014 03:02 pm

Frost PLLC, with offices in Little Rock and Fayetteville, announced Wednesday that it had acquired Thomson & Co. of Phoenix.

Dominik Mjartan Promoted at Southern Bancorp

by Arkansas Business Staff 10/1/2014 10:22 am

Dominik Mjartan has been named CEO of Southern Bancorp Community Partners and executive vice president of Southern Bancorp Inc., the nonprofit organization announced Wednesday.

Vitamin Shoppe Leads Off Six-Pack of Million-Dollar Deals

by Arkansas Business Staff 9/29/2014 12:00 am

McCain Plaza LLC of Los Angeles bought the Vitamin Shoppe at 4300 McCain Blvd. in North Little Rock for $3.77 million from Quattro North Little Rock LLC of Oak Brook, Illinois.

Eagle Bank Picks Delta's Michael Bynum To Lead Conway Expansion

by Arkansas Business Staff 9/29/2014 12:00 am

Eagle Bank & Trust lured away Michael Bynum, who had been Conway market president for Delta. Bynum joined Delta in 2011 to lead the company's expansion in the Conway area.