Banking & Finance Archive

Governor: Arkansas Will Be in 'Top Tier' of Trading Partners with Cuba

by Lance Turner 9/29/2015 11:57 am

Gov. Asa Hutchinson talked to reporters via telephone from Havana Tuesday as his economic development trip continues.

FDIC: Arkansas Bank Deposits Reach $56.5B

by Gwen Moritz 9/29/2015 11:30 am

Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, a pace somewhat slower than the 5.4 percent growth in bank deposits nationally.

Parties Close to Final Settlement Over 'Scooter' Stuart Money

by George Waldon 9/28/2015 11:39 am

The final paperwork is nearing completion on a settlement agreement that will boost the equity capital at Little Rock's One Bank & Trust by $6.9 million.

From the Cheap Seats (Editorial)

by Arkansas Business Editors 9/28/2015 12:00 am

AFCU was originally included in the group of banks that bid to lend money to the Little Rock Tech Park. The Arkansas Bankers Association talked the banks into tossing AFCU out of the club — but not until after the bid deadline had passed, so AFCU couldn't make its own competing bid.

Janet Yellen Expects Fed to Raise Rates by Year's End

by Associated Press 9/25/2015 11:38 am

Chair Janet Yellen said Thursday that she expects the Federal Reserve to begin raising interest rates from record lows by the end of the year.

Fed Report Shows Jonesboro Employment Growth Outpacing Others

by Alexis Hosticka 9/23/2015 10:02 am

Employment growth in Jonesboro has exceeded the nation's growth for the ninth consecutive quarter, according to an August survey by the Federal Reserve Bank of St. Louis.

State Report: Half of Workplace Fatalities Transportation Related

by Arkansas Business Staff 9/23/2015 08:47 am

About half the workplace fatalities that occur in Arkansas are transportation related, according to a report released this week by the Arkansas Department of Labor.

Why Europe Isn't Creating Any Googles or Facebooks

by Associated Press 9/22/2015 11:46 am

As technology upends industries and lifestyles at breakneck pace, the Old Continent is not producing any of the online giants like Google, eBay or Facebook.

SAU Board Chairman Buddy Franks Dies

by Arkansas Business Staff 9/22/2015 10:18 am

O.A. "Buddy" Franks Jr., the chairman of the Southern Arkansas University board of trustees, died Monday morning at his home in Magnolia, the university announced Tuesday.

Chambers Bank Lets Go of Westside Village OREO Property

by Arkansas Business Staff 9/21/2015 12:00 am

Chambers Bank of Danville has agreed to sell one of its seven OREO properties in Springdale to a Fayetteville investment group.

Fayetteville Couple Loses House After Suing Mortgage Trustee

by Arkansas Business Staff 9/21/2015 12:00 am

A Fayetteville couple was hit with a judgment of more than $700,000 and their home was foreclosed on earlier this month because they went to court over which company, if any, should get their mortgage payment.

Arkansas Business Presents 2015's 'New Influentials: 20 In Their 20s'

by Gwen Moritz 9/21/2015 12:00 am

This is the seventh year that Arkansas Business has sought out talented young leaders in our business and nonprofit community to introduce to readers in a feature called The New Influentials: 20 in Their 20s.

Convenient Redevelopment Drives $2.9M Transaction (Real Deals)

by George Waldon 9/21/2015 12:00 am

A west Little Rock convenience store development is in motion after a $2.9 million transaction. And an undeveloped 64.5-acre apartment tract in North Little Rock tipped the scales at $2 million.

Lori Case Melton Advances to Market President for First Service Bank

by Arkansas Business Staff 9/21/2015 12:00 am

A 30-year veteran of the banking industry has been named president of the Conway market and commercial loan officer by First Service Bank of Greenbrier, a bank with $250 million in assets.

Phillip Partain Joins Arvest as Saline County Market President

by Gwen Moritz 9/18/2015 01:34 pm

Arvest Bank announced Friday that it has hired Phillip Partain, formerly of Simmons First National Bank, as president of its Saline County market.

Arkansas Chamber of Commerce Announces New Leadership Class

by Arkansas Business Staff 9/18/2015 11:41 am

The Arkansas State Chamber of Commerce/Associated Industries of Arkansas on Friday announced the 57 new members of its Leadership Arkansas Class X.

Fed Leaves Key Interest Rate Unchanged, Citing Low Inflation

by Associated Press 9/17/2015 01:04 pm

The Federal Reserve is keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.

Arkansas Governor's Quality Award Winners Announced

by Arkansas Business Staff 9/16/2015 08:00 am

Gov. Asa Hutchinson recognized winners at the Governor's Quality Award Program held at the Marriott Hotel in Little Rock. North Arkansas College of Harrison took top honors in receiving the Governor's Award for Performance Excellence.

Birch: First Phase of Little Rock Tech Park to Open in Fall 2016

by Mark Carter 9/15/2015 03:19 pm

The first phase of the planned Little Rock Technology Park is targeted to open in the fall of 2016 with 40,000-SF of incubator and office space at 417 Main, Tech Park Executive Director Brent Birch said Tuesday.

As Fed Meets, Decision on Rate Hike Seems Like a Toss-Up

by Associated Press 9/15/2015 11:42 am

Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero. Unless they don't.