Banking & Finance Archive

Builders Optimism Slides for 3rd Consecutive Month

by Associated Press 3/15/2018 10:14 am

A new survey reveals fading optimism among homebuilders, and a downward revision in sentiment from February suggests a more sustained perception of deterioration.

February Retail Sales Slip as Auto, Gas Purchases Fade

by Associated Press 3/14/2018 10:50 am

U.S. consumers spent less at auto dealers, gas stations and department stores in February, causing overall retail sales to slip 0.1 percent despite signs elsewhere of a robust economy and the tax cuts signed into law by President Donald Trump starting to take effect.

State Lawmakers Advance Bills on College Savings, Bank Loans to Farmers

by Associated Press 3/13/2018 11:49 am

A panel of the Arkansas House has approved a bill imposing limits on how and when people can raise challenges to farms that hold special permits to discharge liquid animal waste.

Manila Company Claims Assets of $100 in Bankruptcy

by Arkansas Business Staff 3/12/2018 12:00 am

More details emerge in the case of Jim Ed Robins LLC of Manila, along with information about the personal bankruptcy filing of Jim Ed Robins, who listed many of the same debts as his namesake company.

Sherwood Pediatrics Plus Sold for $9.5M

by Arkansas Business Staff 3/12/2018 12:00 am

A Sherwood developmental preschool, a North Little Rock hotel, farmland in Faulkner County, a real estate trade in Conway and residential acreage in Saline County combine for this week's group of million-dollar transactions.

Bentonville Man Faces $900K Foreclosure from BancorpSouth

by Arkansas Business Staff 3/12/2018 12:00 am

BancorpSouth Bank of Tupelo, Mississippi, has filed a foreclosure suit against a Bentonville man and his nearly $900,000 home.

A Reason for Every Regulation (Gwen Moritz Editor's Note)

by Gwen Moritz 3/12/2018 12:00 am

Regulations are a way that our society, through our elected government, levels out playing fields and creates transparency and protects the weak from abuse by the strong.

Washington County Banks Host Big Rise in Deposits

by George Waldon 3/12/2018 12:00 am

During the past 10 years, banks have come and gone in the Washington County market, but the headcount of lenders and tally of branches has grown.

Surgery Center Performs $3.4 Million Transaction (Real Deals)

by George Waldon 3/12/2018 12:00 am

PTCOA Freeway ASC LLC, led by Drs. Meraj Siddiqui and Ronald Tilley, bought the 11,372-SF medical office-outpatient surgery center at 9 Freeway Drive.

Blair Parnell Promoted by BancorpSouth to Fort Smith Market President (Movers & Shakers)

by Arkansas Business Staff 3/12/2018 12:00 am

Blair Parnell has been promoted to Fort Smith president of the BancorpSouth bank of Tupelo, Mississippi. Parnell will handle all banking operations in Sebastian and Crawford counties.

With Democratic Support, Senate Eyes Rollback of Banking Law

by Associated Press 3/6/2018 11:09 am

Ten years after a financial crisis rocked the nation's economy, the Senate is poised to pass legislation that would roll back some of the safeguards Congress put into place to prevent a relapse.

Why Are Banks Shuttering Branches? (Julie Stackhouse Commentary)

by Julie Stackhouse 3/5/2018 12:00 am

It seems inevitable that this long-term trend in branch closings will continue as consumer preferences evolve and financial technology becomes further ingrained in credit and payment services.

Energy Security Partners CEO: Vision of Pine Bluff GTL Plant Alive

by Kyle Massey 3/5/2018 12:00 am

Roger Williams' vision to put a $3.7 billion gas-to-liquid fuel plant in Jefferson County has him arguing in two directions: convincing some people that the largest economic development project in state history can realistically happen, and explaining to others why it's not happening quicker.

Storage World Attracts $2.8M Transaction (Real Deals)

by George Waldon 3/5/2018 12:00 am

The 675-unit mini-storage project in west Little Rock was purchased by Modern SW LLC, led by Keith Richardson.

Matt Twyford Promoted to Senior Position at AEDC (Movers & Shakers)

by Arkansas Business Staff 3/5/2018 12:00 am

Matt Twyford has been named senior agency manager for community development at the Arkansas Economic Development Commission in Little Rock.

Arkansas Revenue Up, Above Forecast For February

by Arkansas Business Staff 3/2/2018 02:03 pm

Arkansas' February net available general revenue totaled $313.4 million, up 13.3 percent from the same month last year and 4.7 percent above forecast, according to a report Friday by the state Department of Finance and Administration.

Adam Mitchell Named President at Citizens Bank

by George Waldon 3/1/2018 06:55 am

Adam Mitchell of Simmons Bank joins Batesville's Citizens Bank as president and chief lending officer.

Pay Package for Allison Up 34 Percent in 2016

by George Waldon 2/28/2018 01:36 pm

Home BancShares Inc. Chairman Johnny Allison led the way for executive compensation at the $14.4 billion-asset banking concern during 2017.

Arvest Bank Names New Board Member

by Arkansas Business Staff 2/28/2018 01:09 pm

Arvest Bank says Cathy Tuggle has joined its central Arkansas board of directors.

US Pending Home Sales Slump 4.7 Percent in January

by Associated Press 2/28/2018 09:50 am

The pace of Americans signing contracts to buy homes fell 4.7 percent in January to its lowest level in more than three years, due to a lack of homes for sale, higher prices and rising mortgage rates.