Banking & Finance Archive

Fraud Helped Extend One Bank's Solvency, Hunt Company's Lawsuit Alleges

by George Waldon 10/13/2014 12:00 am

An injection of $17.3 million in U.S. Treasury TARP funds five years ago saved Little Rock's One Bank & Trust from insolvency. A lawsuit against the bank's parent company, One Financial Corp., alleges that deception was deployed to obtain that money.

The Mind of an Entrepreneur (Mitch Bettis Publisher's Note)

by Mitch Bettis 10/13/2014 12:00 am

On Oct. 24, Arkansas Business, in partnership with the College of Business at the University of Arkansas at Little Rock, is hosting another Power Breakfast executive panel.

Relyance Team Continues Bank's Move Into LR Market (Movers & Shakers)

by Arkansas Business Staff 10/13/2014 12:00 am

Nina Castaldi, Sandy Ross, Nikki Pfleger and LaTonja Hill are members of Relyance Bank of Pine Bluff's new Little Rock team.

Paul Hindman Goes Forward With First Community Bank

by Arkansas Business Staff 10/13/2014 12:00 am

Paul Hindman has been named senior vice president and senior credit officer for First Community Bank of Batesville, which has assets of more than $900 million and 17 branch offices. Hindman will work in the office at 1617 S. Caraway Road in Jonesboro.

Mark Millsap on Why the Federal Reserve May Have Zero Interest in Repairing the Economy

by Arkansas Business Staff 10/13/2014 12:00 am

Mark Millsap is a co-owner of Foundation Resource Management, which has a team of six investment professionals and five administrative employees managing approximately $2.1 billion.

John Stacks, Mountain Pure Owner, Convicted of Seven Federal Counts

by Gwen Moritz 10/9/2014 06:13 pm

A federal court jury deliberated for most of three days before reporting that it was hung on three additional counts of money laundering.

Citizens Bank Eyes NWA Expansion, Names Doug Lynch Market President

by Arkansas Business Staff 10/6/2014 02:30 pm

Citizens Bank of Batesville has launched opened a loan production office in Fayettevile, marking the launch of its expansion into northwest Arkansas.

Crittenden Regional Hospital's True Financial Status Surprised Directors

by Mark Friedman 10/6/2014 12:00 am

Directors of Crittenden Regional Hospital learned on Aug. 19 that its monthly revenue was only $2 million — about half what they had previously been led to believe — while expenses were about $5 million, the CEO of the shuttered hospital revealed in a bankruptcy court filing.

Receiver Takes Control of Turner Grain

by Arkansas Business Staff 10/6/2014 12:00 am

U.S. District Court Judge James M. Moody Jr. named bankruptcy attorney Kevin Keech and his North Little Rock law firm to take control of what's left of Turner Grain Merchandising Inc. of Brinkley.

Fed Uncaps Its Case Against Mountain Pure's John Stacks

by Arkansas Business Staff 10/6/2014 12:00 am

The criminal trial of John Stacks, owner of Mountain Pure water bottler and former CEO of HomeBank of Arkansas, commenced last week before U.S. District Judge Leon Holmes, 12 jurors and two alternates.

IberiaBank to Buy Florida Bank Group Inc.

by Arkansas Business Staff 10/3/2014 03:01 pm

IberiaBank Corp. of Lafayette, Louisiana, says it will buy Florida Bank Group Inc. of Tampa, Florida, in a cash and stock deal worth about $87 million.

Report: Northwest Arkansas Job Growth Ahead of Peers

by Marty Cook 10/3/2014 08:02 am

Northwest Arkansas job growth easily beat its peer regions, the state and the nation this past year, according to a report released Thursday by the University of Arkansas.

Frost Acquires Phoenix Accounting Firm

by Gwen Moritz 10/1/2014 03:02 pm

Frost PLLC, with offices in Little Rock and Fayetteville, announced Wednesday that it had acquired Thomson & Co. of Phoenix.

Dominik Mjartan Promoted at Southern Bancorp

by Arkansas Business Staff 10/1/2014 10:22 am

Dominik Mjartan has been named CEO of Southern Bancorp Community Partners and executive vice president of Southern Bancorp Inc., the nonprofit organization announced Wednesday.

Otter Creek Mall Development Decades in the Making

by George Waldon 9/29/2014 12:00 am

Once upon a time, the current site of the Gateway Town Center and Bass Pro developments was slated to be part of a grand 1.1 million-SF regional mall development. The fabled Otter Creek Mall never achieved escape velocity from its drawing board concept unveiled on April Fool's Day in 1980.

Fayetteville Site Draws Starbucks (NWA Real Deals)

by Marty Cook 9/29/2014 12:00 am

The word that Starbucks is coming to Wedington Drive in west Fayetteville is now official, and the coffee shop is bringing some dental care, too.

Forrest City Financial Poised to Sell For $2.7M

by George Waldon 9/29/2014 12:00 am

The countdown to the $2.75 million sale of Forrest City Financial Corp. is nearing zero. The purchase by Cross County Bancshares Inc. of Wynne should close in October when the final regulatory approvals are expected, according to David Dowd, president and CEO of CCBI.

FDIC Sues Members of Acme's Golden Family over Unpaid Loans

by Arkansas Business Staff 9/29/2014 12:00 am

The president of Allied Bank's Acme Holding Co. and his sister are the subjects of federal lawsuits. The Federal Deposit Insurance Corp. sued Alex Golden and Amy Golden McCay in U.S. District Court in Atlanta over delinquent loans totaling more than $1 million.

Eagle Bank Picks Delta's Michael Bynum To Lead Conway Expansion

by Arkansas Business Staff 9/29/2014 12:00 am

Eagle Bank & Trust lured away Michael Bynum, who had been Conway market president for Delta. Bynum joined Delta in 2011 to lead the company's expansion in the Conway area.

Vitamin Shoppe Leads Off Six-Pack of Million-Dollar Deals

by Arkansas Business Staff 9/29/2014 12:00 am

McCain Plaza LLC of Los Angeles bought the Vitamin Shoppe at 4300 McCain Blvd. in North Little Rock for $3.77 million from Quattro North Little Rock LLC of Oak Brook, Illinois.