Banking & Finance Archive

Crowdfunding Eases Cash Crunch for Arkansas Startups

by Jan Cottingham 5/6/2013 12:00 am

A profound shift in how capital is raised means anyone can become a venture capitalist and anyone can solicit funds to support startup dreams.

Simmons First National, CEO Stay Put in Pine Bluff

by Gwen Moritz 5/6/2013 12:00 am

George Makris Jr. is a product of Pine Bluff, leaving his hometown only for college (a bachelor's in business administration from Rhodes College at Memphis in 1978 and an MBA from the University of Arkansas in 1980) and for a four-year stint in Little Rock so that the youngest of his three sons could play tennis for Little Rock Central High.

Churches Introduce Electronic Tithing

by Chris Bahn 5/6/2013 12:00 am

While the act of tithing might be centuries old, churches are doing what they can to provide parishioners with 21st century giving options. The use of cash and checks continues to decline in most areas of day-to-day life. E-commerce sales topped $1 trillion globally in 2012, so churches — institutions that have relied for years on cash and check donations — are finding it critical to adapt to changing consumer habits.

Bank Reporter War Stories (Gwen Moritz Editor's Note)

by Gwen Moritz 5/6/2013 12:00 am

In journalism, you have to train yourself to take no quarter when reporting on the newsmakers. However, you may need some quarters for the weekend laundry.

Fed: Tax Increases, Spending Cuts Have Hurt Economy

by Associated Press 5/1/2013 02:59 pm

The Federal Reserve stood by its aggressive efforts to stimulate the economy and reduce unemployment. And it indicated that tax increases and spending cuts are slowing the economy.

Get Tickets to See Dale Dawson at Arkansas Business 40 Under 40 Event

by Arkansas Business Staff 4/29/2013 11:31 am

Dale Dawson, an investment banker and entrepreneur who founded Bridge2Rwanda, will be the keynote speaker at this year's Arkansas Business 40 Under 40 luncheon June 14 at the Marriott Hotel in downtown Little Rock.

Chris Wewers, Incoming CEO, Gets 46 Percent Pay Boost at First Federal

by George Waldon 4/29/2013 10:58 am

The CEO in-waiting at Harrison's First Federal Bancshares of Arkansas Inc. recorded the biggest gain in total compensation among the company's four top executives.

Good News for Affiliated Foods Creditors as Claims Shrink

by Arkansas Business Staff 4/29/2013 12:00 am

The total amount financial experts helped recover for creditors of the defunct Affiliated Foods Southwest Inc. of Little Rock now stands at about $3.6 million.

Arkansas Still Ranks Low in Commuting Time

by Arkansas Business Staff 4/29/2013 12:00 am

Arkansas workers don't spend as much time getting to and from work as do most other states.

Bank of the Ozarks Shareholders Like George Gleason Show

by George Waldon 4/29/2013 12:00 am

His skills with PowerPoint may be rusty, but Bank of the Ozarks chairman and CEO George Gleason's ability to lead Bank of the Ozarks to record earnings in 14 of the past 16 years helps build a mountain of goodwill.

6 Steps to Maximize Transport Profits (Jeff Lovelady Commentary)

by Jeff Lovelady 4/29/2013 12:00 am

Carriers know they should be more efficient and work smarter, not harder. But sometimes they confuse increasing revenue with maximizing profits. Want to maximize profits instead of just increase revenue? Any carrier, of any size, can by using these six steps.

Taco Kidd Offers Mexican Fare to Jonesboro Diners

by Liz Fox 4/29/2013 12:00 am

Taco Kidd has opened its doors in northeast Arkansas to provide Mexican fare to the residents of Jonesboro.

J. David Daniel Newest Senior VP at Simmons First Trust (Movers & Shakers)

by Arkansas Business Staff 4/29/2013 12:00 am

J. David Daniel has been promoted to senior vice president of Simmons First Trust Co. Daniel has more than 20 years of experience, 16 of which have been with the company.

Metropolitan Posts Second Consecutive Quarterly Profit

by Gwen Moritz 4/26/2013 03:43 pm

Metropolitan National Bank had net income of $662,000 in the first quarter of 2013 following a profit of $761,000 in the fourth quarter of 2012.

US Economy Accelerates at 2.5 Percent Rate in 1Q

by Associated Press 4/26/2013 10:50 am

U.S. economic growth accelerated to an annual rate of 2.5 percent from January through March, buoyed by the strongest consumer spending in more than two years. Government spending fell, though, and tax increases and federal budget cuts could slow growth later this year.

Moody's: Expanding Health Insurance 'Credit Positive' for Arkansas Hospitals

by Lance Turner 4/25/2013 10:09 am

A credit outlook report by Moody's Investor Service says the state Legislature's move to expand health insurance in Arkansas through the "private option" is good for the state's hospitals.

Friday's the Last Day to Sign Up for 'Best Places to Work' Survey

by Arkansas Business Staff 4/24/2013 11:07 am

Arkansas Business has launched a workforce evaluation program to help companies gauge their employees' engagement and satisfaction.

FDIC Scores $6.4M Judgment in ANB Financial Case

by Arkansas Business Staff 4/22/2013 12:00 am

The Federal Deposit Insurance Corp., acting as the receiver of the defunct ANB Financial of Bentonville, easily scored another multimillion-dollar judgment last week against a Benton County developer.

Preacher's Assets Frozen in Alleged Securities Violation Case

by Mark Friedman 4/19/2013 04:49 pm

Thomas E. James, associate pastor of a church in Fort Smith, is accused of persuading a church member to invest in a bond fund "that did not actually exist."

OCC Releases Legacy Bank From Order

by Gwen Moritz 4/19/2013 02:37 pm

Legacy Bank of Springdale has been released from the oversight agreement it entered with federal regulators five years ago.