Banking & Finance Archive

David Bush Joins BancorpSouth As Senior Vice President (Banking Movers & Shakers)

by Arkansas Business Staff 11/3/2014 12:00 am

David Bush, formerly senior vice president and commercial lending manager at Delta Trust & Bank, has joined the staff of BancorpSouth in Little Rock as SVP.

Character References Help Brandon Barber Elude 20-Year Sentence

by Marty Cook 11/3/2014 12:00 am

When it came to sentencing in federal court, Brandon Barber could have had the book thrown at him. But facing U.S. District Judge P.K. Holmes last Tuesday, he still had some things going for him.

‘Sovereign' Actions Complicate Foreclosure of West Little Rock Home

by George Waldon 11/3/2014 12:00 am

Documents sold on the Internet and a $700,000 “International Bill of Exchange” weren't able to keep a minister from losing his 5,608-SF west Little Rock home in a long-running foreclosure action.

Apple Pay, CurrentC Shake Up the Checkout

by Mark Friedman 11/3/2014 12:00 am

The battle over mobile payment platforms is heating up. On one side is Apple Pay, which launched Oct. 20 and encourages users to pay for merchandise with Apple's iPhone 6 and 6 Plus. Its rival is the payment system backed by Wal-Mart Stores Inc. of Bentonville and about 50 other retailers: CurrentC, created by a joint venture called MCX, the Merchant Customer Exchange of Boston.

US Economy Grew at 3.5 Percent Rate in 3Q

by Associated Press 10/30/2014 09:14 am

The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.

Fed Keeps Rate at Record Low, Ends Bond Buying

by Associated Press 10/29/2014 02:33 pm

The Federal Reserve plans to keep a key interest rate at a record low. It's also ending a bond purchase program that was intended to keep long-term rates low.

Dennis Smiley's Wife Cynthia Files Chapter 7 Bankruptcy

by Lance Turner 10/29/2014 11:38 am

Cynthia Smiley, the wife of former Arvest Bank executive Dennis Smiley Jr., filed Chapter 7 bankruptcy on Thursday, listing $2.3 million in debts and $34,000 in assets.

Bob Lamb, Longtime State Chamber Leader, Dies at 82

by Jan Cottingham 10/27/2014 08:58 am

Bob Lamb, who headed the Arkansas State Chamber of Commerce/Associated Industries of Arkansas for 25 years and worked on economic development in the state for many more, died Saturday in Fayetteville. He was 82.

Red Lobster Leads Trio of Seven-Digit Deals

by Arkansas Business Staff 10/27/2014 12:00 am

Seafood restaurants, a bank branch in North Little Rock and land for a gated apartment project in west Little Rock assembled this week to form a quartet of million-dollar transactions.

Northeast Arkansas District Fair Files For Chapter 11 Bankruptcy

by Arkansas Business Staff 10/27/2014 12:00 am

The Northeast Arkansas District Fair will list close to $10 million in debts, according to its bankruptcy attorney, James Dowden of Little Rock.

Mountain Pure Has New Owner After Stacks Conviction

by Arkansas Business Staff 10/27/2014 12:00 am

John B. Stacks' rough year continued last week when his Mountain Pure operations were handed over to a new owner after a foreclosure auction on the steps of the Pulaski County Courthouse.

Dominik Mjartan New CEO at for Southern Bancorp Community Partners

by Arkansas Business Staff 10/27/2014 12:00 am

SBCP is a development finance partner organization of Southern Bancorp Inc. As its CEO, Mjartan succeeds Tanya Wright, who will continue with SBCP in an executive role. He will also continue to help manage corporate strategy and other corporate functions for the holding company as executive vice president.

Heartland Bank Finds New HQ in The Heights

by George Waldon 10/27/2014 12:00 am

The 922-SF leased facility at 5100 Kavanaugh Blvd. in the Heights area is likely the smallest bank HQ in all of Arkansas.

No Deal in Pinnacle Bank's Proposed Sale of Forrest City Financial

by George Waldon 10/27/2014 12:00 am

Ongoing balance sheet issues at Pinnacle Bank of Rogers led to the demise of a proposed $2.75 million acquisition in East Arkansas. Cross County Bancshares Inc. of Wynne withdrew its application to purchase Forrest City Financial Corp. on Oct. 3.

Magnolia Banking Makes Texas Play in $31.8M Deal

by George Waldon 10/27/2014 12:00 am

The holding company of $884 million-asset Farmers Bank & Trust of Magnolia should complete the purchase of First National Bancshares of Hempstead County Inc. of Hope before year's end. First National is the parent company of the $310.3 million-asset 1st Bank of Texarkana, Texas.

Windstream Transaction Adds Up to $8.6 Million (Real Deals)

by George Waldon 10/27/2014 12:00 am

A 30,400-SF data center shifted ownership in a sale-leaseback transaction valued at $8.6 million, and land for a future bank branch development in the Heights area of Little Rock tipped the scales at $2.2 million.

First National Bank of Paragould Gains Northwest Arkansas Presence (NWA Real Deals)

by Marty Cook 10/27/2014 12:00 am

First Paragould Bankshares Inc. closed on its acquisition of five former Metropolitan National Bank branches in northwest Arkansas.

Turner Grain Collapse Prompts Legislation

by Mark Friedman 10/24/2014 02:00 pm

The Arkansas Agriculture Department is working on legislation to prevent companies like Turner Grain Merchandising Inc. of Brinkley from suffering similar collapses that cost farmers millions of dollars.

Home BancShares Completes Purchase of Broward Financial

by Lee Hogan 10/24/2014 11:19 am

Home BancShares Inc. of Conway, the parent company of Centennial Bank of Conway, announced Thursday the completion of its acquisition of Broward Financial Holdings Inc.

Simmons First 3Q Earnings Up 27 Percent

by Lance Turner 10/23/2014 08:57 am

Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $8.8 million, or 52 cents per share, up 27 percent from $6.9 million, or 43 cents per share, during the same quarter last year. Simmons also reported “core earnings” of $10.7 million, up 45 percent from the same quarter last year.