Banking & Finance Archive

Searcy Upgrades Infrastructure for Chance at New 'Power Center' for Shopping

by George Waldon 2/20/2017 12:00 am

Public, private and public-private developments representing tens of millions of dollars in construction are in motion in Searcy. Three projects highlighting each category alone tally more than $42 million.

Collision Center Buy Tops $2.5 Million (Real Deals)

by George Waldon 2/20/2017 12:00 am

LLArk Properties LLC of St. Louis Park, Minnesota, purchased the 40,000-SF Landers Collision Center at 10005 Col. Glenn Road from Aimco Equipment Co. LLC, led by Frank, Herren and Todd Hickingbotham.

Venture Center's 2017 FinTech Accelerator Nets 295 Applicants

by Arkansas Business Staff 2/15/2017 03:42 pm

The Venture Center of Little Rock says 295 entrepreneur and startup teams have applied for its 2017 FinTech Accelerator, twice the number that applied for the inaugural program held last year.

Arkansas Business Recognizes Finalists of 29th Annual Business of the Year Awards

by Arkansas Business Staff 2/13/2017 12:00 am

Since 1988, Arkansas Business has honored the state's top executives, small businesses and nonprofits with the annual Arkansas Business of the Year Awards.

Texarkana Convention Center Could Soon Change Hands

by Arkansas Business Staff 2/13/2017 12:00 am

Texarkana Hotels, owned by Dr. Hiren D. Patel, has entered into a $6.6 million purchase agreement with James J. Naples, and will be seeking the court's approval of the sale.

Robert Hopkins Steps Up at Little Rock Branch of Federal Reserve (Movers & Shakers)

by Arkansas Business Staff 2/13/2017 12:00 am

Robert Hopkins has been promoted to regional executive and senior vice president of the Little Rock Branch of the Federal Reserve Bank of St. Louis.

Bank of the Ozarks Having a Hot Time in Chicago

by Arkansas Business Staff 2/13/2017 12:00 am

Steve Daniels, a senior reporter with Crains Chicago Business, reported last month on how developers of Chicago's "splashiest commercial real estate projects" are getting their loans and financing from an inconspicuous source: Bank of the Ozarks of Little Rock.

Comfort Inn & Suites Transaction Checks In at $3.9M (Real Deals)

by George Waldon 2/13/2017 12:00 am

Andy & Andrew Hotel Investments LLC, led by Ashok Desai, purchased the Comfort Inn & Suites at 3915 McCain Park Drive, backed with a five-year loan of $4 million from Arkansas Federal Credit Union of Jacksonville.

Pakko: State Housing Numbers Continue Upward Trend

by Todd Traub 2/9/2017 04:19 pm

Prices and sales figures show the state still bouncing back from the housing market bust.

Teletech in Sherwood Aims to Hire for 90 Positions

by Arkansas Business Staff 2/7/2017 11:29 am

Teletech Holdings Inc. of Denver said Tuesday that it is hosting hiring events in Sherwood this month aiming to fill 90 new positions.

HoganTaylor Accounting Firm Names New Partners

by Arkansas Business Staff 2/6/2017 11:16 am

HoganTaylor, a large public accounting firm in Oklahoma and Arkansas, announced Monday that it has named Dan Bomhoff, John Cooper, Jeff Koweno and Bret Little as partners.

Walton Foundation Contributes $750K to Delta Business Loans

by Arkansas Business Staff 2/6/2017 10:09 am

The Walton Family Foundation says it is partnering with Southern Bancorp Community Partners to promote economic development in the Delta with a $750,000 investment.

Herrington Bankruptcy Case Ends

by Arkansas Business Staff 2/6/2017 12:00 am

Little Rock developer Philip Herrington's Chapter 11 bankruptcy reorganization has been dismissed.

Heartland Endures Another Ugly 4Q

by George Waldon 2/6/2017 12:00 am

Heartland Bank of Little Rock recorded a nearly $7.9 million loss for 2016. The lion's share of that loss occurred in the fourth quarter.

Stonehaven Purchase Surpasses $7.1 Million (Real Deals)

by George Waldon 2/6/2017 12:00 am

The 60-unit assisted living project in Maumelle was sold by Stonehaven Assisted Living LLC, led by James Thomas. The deal is financed with a $5.2 million loan from First Security Bank of Searcy.

Citizens Bank, Blair & Stroud Make Promotions in Batesville (Movers & Shakers)

by Arkansas Business Staff 2/6/2017 12:00 am

Karen Shaw and Pam Jones have been promoted to executive vice presidents at Citizens Bank of Batesville. Barrett Moore and Michelle Huff have been promoted to partners at Blair & Stroud.

Trump Takes First Step to Scale Back Financial Regulations

by Associated Press 2/3/2017 10:18 am

President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signaling that it's eager to help.

Workers Contributing More to, Borrowing Less from 401(k)s

by Associated Press 2/2/2017 11:29 am

A rare double shot of encouraging news on retirement savings: Workers are contributing more to their 401(k) accounts, and they're taking out fewer loans from them.

Unemployment in Arkansas MSAs Down From 2015

by Todd Traub 2/1/2017 09:58 am

December unemployment was down in Arkansas from a year ago, according to Bureau of Labor Department figures released Wednesday.

Momentum Jonesboro on Pace to Grow Jobs in Key Sectors

by Todd Traub 1/31/2017 06:00 am

Momentum Jonesboro, the economic development fundraising plan targeting job growth in northeast Arkansas, is on track to reach its $3.7 million goal.

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