Banking & Finance Archive

Home BancShares Completes Purchase of Florida Traditions Bank

by Lance Turner 7/17/2014 02:01 pm

Home BancShares Inc. of Conway, the parent company of Centennial Bank, completes its previously announced acquisition of Florida Traditions Bank.

Arkansas Federal Credit Union Names Rodney Showmar President, CEO

by Arkansas Business Staff 7/17/2014 11:36 am

Arkansas Federal Credit Union said Thursday that Rodney Showmar had been named its new president and CEO.

Simmons First National 2Q Profit Up 50 Percent

by Lance Turner 7/17/2014 09:10 am

Simmons First National Corp. of Pine Bluff reports a 50 percent rise in second-quarter profit, part of what CEO George Makris called a "landmark quarter" for the fast-growing financial holding company.

Arvest Consumer Survey Shows Arkansans Mixed on Economy's Health

by Lee Hogan and Lance Turner 7/17/2014 08:57 am

Arvest Bank's first consumer sentiment survey finds Arkansans have a dimmer outlook on the economy than their neighbors in Oklahoma and Missouri.

Another Record: Home BancShares' 2Q Profit Up 60 Percent

by Lance Turner 7/17/2014 08:30 am

Home BancShares Inc. of Conway reports second quarter profit of $28.4 million or 43 cents per share, another record and a 60 percent increase from the $17.7 million or 31 cents per share it reported in the same quarter last year.

Green Forest Bank Has New Name: Anstaff

by Gwen Moritz 7/15/2014 11:20 am

Another Arkansas bank has changed its name in order to position itself for growth outside its traditional geographic area: First National Bank of Green Forest is becoming Anstaff Bank.

Farmers Bank of Magnolia Makes Deal to Buy 1st Bank of Texarkana, Texas

by Gwen Moritz 7/14/2014 05:28 pm

No price tag on the deal was included in the announcement; 1st Bank's equity capital stood at $30.9 million as of March 31.

Bank of the Ozarks 2Q Earnings Up 30 Percent

by George Waldon 7/14/2014 04:51 pm

Bank of the Ozarks Inc. of Little Rock today reported second quarter net income of $26.5 million, a 29.9 percent increase compared to 2013, and net income for the first two quarters was up more than 28 percent. CEO George Gleason noted recent acquisitions but said it's the company's "ability to organically grow our portfolio of high quality, good yielding loans and leases" that have been even more important.

No Daily Report, E-newsletters on Friday

by Arkansas Business Staff 7/3/2014 10:01 am

Arkansas Business will not send the Daily Report or weekly industry e-newsletters on Friday, the Fourth of July. Arkansas Business Publishing Group offices will be closed Friday as well, reopening on Monday. ABPG wishes everyone a happy Fourth.

Insurance Agent Steve Standridge Pleads Guilty, With Caveats

by Gwen Moritz 7/2/2014 11:43 am

Steve Standridge pleaded guilty to two of the 35 federal felony counts against him, but he reserved the right to withdraw the plea.

Survey: Midwest Economy Growing

by Associated Press 7/1/2014 09:23 am

The economy in nine Midwestern and Plains states including Arkansas should continue growing steadily in the months ahead, according to a monthly survey of business leaders released Tuesday.

Jim Bolt Criminal Saga Reveals ‘A Certain Amount Of Genius'

by Gwen Moritz 6/30/2014 12:00 am

A federal judge sentenced James W. Bolt to a sentence 29 months longer than standard sentencing guidelines. It was an acknowledgement that the only way to keep Bolt from breaking the law was to keep him locked up.

After 9 Years, Larry Biernacki Leaves Bigger Arkansas Federal Credit Union

by Gwen Moritz 6/30/2014 12:00 am

Arkansas Federal Credit Union was a good organization with $405 million in assets when Biernacki arrived nine years ago this month, having been well and carefully managed into its position as largest credit union in the state by Hank Klein.

NLR Acreage Acquisition Approaches $2.7 Million (Real Deals)

by George Waldon 6/30/2014 12:00 am

More than 420 acres on the eastern edge of North Little Rock changed hands in a transaction valued at $2.69 million. The sale of two Citgo convenience stores added up to a $1.4 million combo deal. And a 7,460-SF industrial project in North Little Rock changed hands in a $450,000 sale.

Help Card Offers Funeral Financing

by Brandon Riddle 6/30/2014 12:00 am

The Help Card in Springdale and Continental Computer Corp. in Jonesboro have joined forces to provide a processing component to the Directors Assistant program, a service for funeral directors.

Fed Industry Councils Play Key Role (Mark A. Bentley Commentary)

by Mark A. Bentley 6/30/2014 12:00 am

Last year I was invited to become a member of one of the Federal Reserve Bank of St. Louis' four industry councils. The councils are made up of business leaders in four key industry sectors: real estate, agribusiness, health care and transportation. I have the privilege of representing the commercial real estate industry in Arkansas.

First Arkansas Bank & Trust Also Absorbing Bank Branches

by Arkansas Business Staff 6/30/2014 12:00 am

Larry Wilson, CEO of First Arkansas, confirms his bank's purchase of old Simmons branch in Jacksonville. And he threw in a couple more for good measure: the former Metropolitan branches at the intersection of Highways 321 and 89 in Cabot and at Kiehl and Brockington in Sherwood.

Chris Bagley Named President, COO of BancorpSouth

by Associated Press 6/26/2014 03:20 pm

Chris Bagley, a 31-year veteran of the banking industry, has been named BancorpSouth's new president and chief operating officer.

Jim Bolt: 100 Months 'Essentially a Life Sentence'

by Gwen Moritz 6/24/2014 11:14 am

U.S. District Judge Timothy Brooks of Fayetteville threw the book at the career criminal because "there's a high likelihood that Mr. Bolt will recidivate."

Testimony: Arvest Bank Was Jim Bolt's Biggest Victim

by Gwen Moritz 6/24/2014 11:04 am

The Fayetteville bank had to make good on a guarantee it issued when Bolt fraudulently claimed $1.9 million in assets held as unclaimed by the state of California, an FBI agent testified Monday.