Banking & Finance Archive

Dennis Smiley Sr. Sued Over Loans Taken for Son's Business

by Arkansas Business Staff 2/23/2015 12:00 am

Community First Bank of Harrison sued Dennis Smiley Sr. last month claiming he owes nearly $250,000 for defaulted loans.

Investors Scoop Up Former Dollar Generals (NWA Real Deals)

by Arkansas Business Staff 2/23/2015 12:00 am

An investment group bought two former Dollar General buildings in northwest Arkansas for a total of $775,900. Raymond Merrill paid $1.9 million for University Village Center at 1545 W. 15th St. in Fayetteville. And Adam Yates, owner of Razorback Awning & Ironworks, bought the former home of Dennis Home Furnishings at 3525 S. School Ave. in Fayetteville.

Conway Hopes To Lure Business to New Airport at Cantrell Field

by Sean Beherec 2/23/2015 12:00 am

Nearly six months after the opening of the new Conway municipal airport, the facility is already buzzing with activity. The planners behind the project have also set their sights on the next steps to grow its role in the state and attract business.

Valuing John Rogers Assets an ‘Interesting' Exercise

by George Waldon 2/16/2015 12:00 am

A $59 million offer to buy the photo archives and sports memorabilia collected by John Rogers has proven as ethereal as the wondrous asset valuations the embattled businessman once proclaimed.

FDIC Gets Nearly $900K in Judgment Against Acme's Alex Golden

by Arkansas Business Staff 2/16/2015 12:00 am

The award in Atlanta U.S. District Court is divided between more than $780,000 owed on a delinquent loan and nearly $118,000 in attorney fees.

Lakewood Manor Buy Checks In at $3.7M (Real Deals)

by George Waldon 2/16/2015 12:00 am

An 85-bed nursing home in North Little Rock tipped the scales at $3.7 million. A 42,500-SF mini-storage facility in southwest Little Rock weighed in at $2.35 million. And a 47,906-SF building in downtown Little Rock changed hands in a $1.6 million deal.

Greater Little Rock Home Builders Pick Nathan Cooper as President (Movers & Shakers)

by Arkansas Business Staff 2/16/2015 12:00 am

Nathan Cooper of River Valley Builders has been named 2015 president of the Home Builders Association of Greater Little Rock. Cooper has been a member of the Home Builders Association since 2009 and has served on the board of directors. Justin Keener of Billy Hartness Construction will be vice president, and Tony Dillon of The Dillon Group will be secretary/treasurer.

Simmons First Gets Approval for 2 Acquisitions

by Gwen Moritz 2/12/2015 04:00 pm

The Federal Reserve has approved two previously announced acquisitions by Simmons First National Corp., the publicly traded bank holding company revealed in a filing with the Securities & Exchange Commission on Thursday.

Edmond Waters Named Commissioner of the Arkansas Securities Department

by Arkansas Business Staff 2/10/2015 04:04 pm

Gov. Asa Hutchinson names Edmond Waters as commissioner of the Arkansas Securities Department. He also appointed leaders for the Arkansas Department of Environmental Quality and the Arkansas Department of Veterans Affairs.

University of Arkansas Touts $1.2B Economic Impact in 2014

by Arkansas Business Staff 2/10/2015 10:56 am

The University of Arkansas released a report Tuesday that says the university has an economic impact on "state and local economies" of $1.2 billion, up 66 percent from the previous year.

Businesses in 33 Counties Have 1 Month to Apply for Loans

by Associated Press 2/10/2015 07:23 am

Small, non-farm businesses in 33 Arkansas counties have one month left to apply for a federal disaster loan for economic injury caused by the severe storms that ripped through the state last year.

Steven Plaisance Named CEO at Arvest Mortgage Co., Central Mortgage Co.

by Arkansas Business Staff 2/9/2015 11:28 am

Steven Plaisance of Tulsa has been named CEO for Arvest Mortgage Co. and Central Mortgage Co., a wholly owned subsidiary of Arvest Bank, the company announced Monday.

Michael Hocutt Selected To Head General Contractors Association (Movers & Shakers)

by Arkansas Business Staff 2/9/2015 12:00 am

Michael Hocutt, president of Clark Power Corp. of Little Rock, has been chosen to lead the Associated General Contractors of Arkansas as 2015 president. Hocutt represents the utility division and has 37 years of industry experience.

Bank of Rison Sees Assets Rising

by Arkansas Business Staff 2/9/2015 12:00 am

The Bank of Rison is no longer the smallest bank in Arkansas, and CEO Troy Duke is celebrating with two major developments: a new headquarters building on Main Street and the bank's first branch.

Gander Mountain Sale Peaks Recent Million-Dollar Deals

by Arkansas Business Staff 2/9/2015 12:00 am

Retail, residential and multifamily all were represented in this installment of seven-digit real estate transactions in Pulaski County.

Sibling Dispute Leads to Sale of Farm & Hunting Land in Delta

by George Waldon 2/9/2015 12:00 am

A long-running sibling dispute is culminating this month in a court-ordered sale expected to yield a $50 million-plus transaction.

Ross Baldwin Named Finance Director for Arkansas Alumni Association

by Arkansas Business Staff 2/5/2015 09:00 am

Baldwin is a certified public accountant, certified fraud examiner, certified internal auditor and chartered global management accountant. He previously spent seven years as an auditor with the Arkansas Division of Legislative Audit.

Arkansas Gets $21.5M in Settlement With Standard & Poor's

by Arkansas Business Staff 2/3/2015 10:36 am

The Arkansas attorney general's office said Tuesday that Arkansas will share in a multimillion-dollar settlement that the federal government and 18 other states reached with Standard & Poor's Financial Services.

Entergy Arkansas Elevates Three to Economic Development Team (Movers & Shakers)

by Arkansas Business Staff 2/2/2015 12:00 am

Clarissa McWherter, Chris Murphy and Russell Harris have joined Entergy Arkansas in Little Rock as members of the economic development team.

Benefit Bank Transaction Set At $32M

by George Waldon 2/2/2015 12:00 am

The proposed sale of Fort Smith's Benefit Bank represents a cash transaction of nearly $32.2 million. Ironhorse Financial Group Inc. of Muskogee, Oklahoma, intends to merge the $195 million-asset lender into its Armstrong Bank, which operates 17 full-service locations in eastern and northern Oklahoma.