Banking & Finance Archive

Simmons First Expects More Merger Expenses

by Arkansas Business Staff 8/11/2014 12:00 am

You may have missed this in Simmons First National Corp.'s second-quarter numbers, but it spent $2.6 million on merger-related costs for the quarter that ended June 30.

Bonding Company Gets OK To Garnish Portion of Joyce Judy's Paycheck

by Arkansas Business Staff 8/11/2014 12:00 am

Cumis Insurance Society Inc., the bonding company that was stung by Joyce Judy, will start to recover some of the money she swiped when she was president of the Arkansas Employees Federal Credit Union in Little Rock.

Disaster Planning Should Start Early

by Mark Friedman 8/11/2014 12:00 am

After a disaster strikes is not the time for the business owner to develop a plan to reopen the company.

Jerry Claret Moves Up at Nations Equipment Finance (Movers & Shakers)

by Arkansas Business Staff 8/11/2014 12:00 am

Jerry Claret has been hired as senior vice president of business development at Nations Equipment Finance, serving Alabama, Arkansas, Florida, Louisiana, Mississippi and Oklahoma. Claret was previously business development manager at ENGS Commercial Finance

Details of Delinquent Dennis Smiley Loans

by George Waldon 8/8/2014 08:06 am

Ten banks that loaned money to Dennis H. Smiley Jr. included details about their claims in court filings. Total outstanding on the 20 loans is nearly $2 million.

First Security Bank Forecloses on Dennis Smiley Home

by George Waldon 8/8/2014 08:02 am

First Security Bank of Searcy files a foreclosure lawsuit on a $200,000 loan secured by Dennis Smiley's home in Rogers.

Gary Head: Smiley Told Me He'd Made Mistakes

by George Waldon 8/8/2014 08:00 am

Gary Head, chairman, president and CEO of Fayetteville's Signature Bank of Arkansas, says he learned of the multimillion-dollar loan scandal involving Dennis Smiley Jr. in a phone call from Smiley himself.

Arvest Bank Settles With 18 Dennis Smiley Creditors

by George Waldon 8/8/2014 07:58 am

Arvest Bank of Fayetteville has settled with 18 of 20 creditors who loaned money to one of its former executives, Dennis Smiley Jr. Only First State Bank of De Queen, where Smiley's namesake father is chairman, and Signature Bank of Arkansas in Fayetteville remain as possible claimants seeking money from Smiley's Arvest Bank Group stock purchase and stock option plans.

Nominate Now for Arkansas Business' CFO of the Year Awards

by Arkansas Business Staff 8/5/2014 11:28 am

Arkansas Business is searching for the state's most outstanding chief financial officers for its sixth "CFO of the Year" awards. You can nominate CFOs here.

Market Disruption Opens New Doors for Bear State Financial

by George Waldon 8/4/2014 12:00 am

The June acquisition of First National Security Co. propelled Bear State Financial Inc. of Harrison into the top tier of Arkansas bank holding companies.

FDIC Still Mopping Up Kevin Lewis' Fraud Mess

by Mark Friedman 8/4/2014 12:00 am

More than two-and-a-half years after former Little Rock attorney Kevin Lewis was sentenced to 10 years in federal prison for bank fraud, the Federal Deposit Insurance Corp. continues to clean up his mess.

Delta Trust Shareholders 3Q Payday Approaching

by Arkansas Business Staff 8/4/2014 12:00 am

The value of the pending acquisition of Little Rock's Delta Trust & Banking Corp. stands at about $67.2 million. That number is based on a recent closing price of $39.65 per share for Simmons First National Corp. of Pine Bluff.

Bank of America's Donnie Cook on the Value of Classroom Economics

by Arkansas Business Staff 8/4/2014 12:00 am

Donnie Cook has more than 40 years of experience in banking. He's the Arkansas state president and Little Rock market president for Bank of America as well as its senior client manager in its Commercial Bank Specialized Industries Division, overseeing the development of nonprofit, religious and health care clients.

Simmons First Continues To Prune Branches in Little Rock, Northwest Arkansas

by Arkansas Business Staff 8/4/2014 12:00 am

Simmons First National Bank of Pine Bluff has sold off three more leftover Pulaski County branches.

Bank of the Ozarks Acquires Intervest Bancshares Corp. In $228.5M Deal

by Arkansas Business Staff 8/1/2014 08:41 am

Bank of the Ozarks Inc of Little Rock announces a $228.5 million deal to acquire Intervest Bancshares Corp. and its wholly-owned bank subsidiary, Intervest National Bank.

Home BancShares Announces Purchase of Another Florida Bank

by Gwen Moritz 7/30/2014 08:51 am

The parent company of Centennial Bank of Conway will pay between $33 million and $33.9 million in cash and stock for Broward Financial Holdings Inc.

A Closer Look: Arkansas Unemployment and Employment

by Arkansas Business Staff 7/28/2014 12:00 am

The unemployment rate in Arkansas fell in June to 6.2 percent, but the number of people employed “continues to be a source of concern,” state economic forecaster Michael Pakko noted recently.

Arkansas Business Presents the 2014 Power List

by Gwen Moritz 7/28/2014 12:00 am

Arkansas Business introduced “The Power List” in 2006, and after updating it annually for a few years, we decided to spread it out. That means there have been a lot of changes in 20 industries and professions since our last installment in 2011, so we've been doing a lot of rounding up of resumes and photos in the last few weeks.

One Bank Turns Attention to Scooter Stuart Life Insurance Payouts

by Arkansas Business Staff 7/28/2014 12:00 am

The leadership at One Bank & Trust has steered the Little Rock lender back to court in a new lawsuit connected with its former owner, Layton “Scooter” Stuart

Brandon Barber Should Serve About 20 Years, Feds Say

by Arkansas Business Staff 7/25/2014 08:52 am

Brandon Barber's day of reckoning approaches — he's scheduled for sentencing in Fort Smith on Aug. 13 — and federal prosecutors think the bankrupt northwest Arkansas real estate developer should spend a very, very long time in prison.