Banking & Finance Archive

Millie Ward of Stone Ward on 40 Years in Advertising

by Jan Cottingham 3/16/2015 12:00 am

Millie Ward, president of Stone Ward of Little Rock, has been in the advertising business for 40 years and she was recently inducted into the University of Arkansas Business Hall of Fame. But spend any time with her and you'll see — it's subtle, noticeable only in retrospect — that she'd rather tell her clients' stories than her own.

State Treasurer Dennis Milligan Pays $1,000 Fine for Hiring Relative

by Associated Press 3/13/2015 10:50 am

Arkansas Treasurer Dennis Milligan has agreed to pay a $1,000 fine for hiring his cousin to work in the treasurer's office and is reimbursing the state nearly $7,000 in salary his cousin was paid.

Former Fayetteville Business Owner Found Guilty of Bank Fraud

by Mark Friedman 3/9/2015 05:39 pm

A U.S. District Court jury in Fayetteville found the former owner of a defunct Fayetteville leasing company guilty Monday of two counts of bank fraud against First Security Bank.

Justices Side with Labor Department in Overtime Pay Dispute

by Associated Press 3/9/2015 11:31 am

The Supreme Court has sided with the Obama administration in upholding a rule making mortgage brokers eligible for overtime pay under federal labor law.

Anstaff CEO Steve Stafford Recovering from Heart Surgery

by Arkansas Business Staff 3/9/2015 12:00 am

Stafford, 65, is the CEO and chairman of Anstaff Bank, formerly known as First National Bank of Green Forest. Stafford was at the Cleveland Clinic for his annual checkup on his aorta, which was surgically repaired 13 years ago with a bovine valve and artificial tube after he was diagnosed with an aneurysm.

Arkansas Blue Cross Blue Shield Promotes Two (Movers & Shakers)

by Arkansas Business Staff 3/9/2015 12:00 am

Dan Stevens has been named director of provider network operations with Arkansas Blue Cross & Blue Shield in Little Rock and Joy Evans has been named director of internal operations training.

Gander Mountain Draws $7.2 Million Transaction (Real Deals)

by George Waldon 3/9/2015 12:00 am

The sale of a 123,872-SF store in Sherwood tipped the scales at $7.2 million. A 25,000-SF office-warehouse facility in North Little Rock weighed in at $2.19 million. And the location for a convenience store development in west Little Rock was assembled in two deals totaling $2.1 million.

‘Sovereign' Actions Delay, Fail to Stop Foreclosures

by George Waldon 3/9/2015 12:00 am

Two long-running foreclosure actions involving the west Little Rock homes of similarly named brothers are winding down as their legal maneuverings are playing out.

Crop Prices Create New Lending Landscape

by Rick Fahr 3/9/2015 12:00 am

Starting in July, soybean contracts started downward, hovering between $9.60 and $10 per bushel for the rest of the year. Bumper crops certainly depressed prices and uncertainties tied to federal farm bill legislation didn't help either.

Average US Rate on 30-Year Mortgage Drops to 3.75 Percent

by Associated Press 3/5/2015 10:44 am

Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013.

ADFA Invests $5M in Atlanta's Noro-Moseley Partners, Early Investor in Acumen Brands

by Mark Carter 3/5/2015 10:17 am

Noro-Moseley is a venture-capital fund that has been increasing its activity in Arkansas. In 2010, it invested $3.5 million in Fayetteville's Acumen Brands.

Grand Jury Indicts 4 Tied to One Bank Loans to Alberto Solaroli

by George Waldon 3/4/2015 05:06 pm

A grand jury indictment names a quartet of former top executives at One Bank & Trust in an alleged conspiracy to defraud the federal government.

Centennial Bank Names Greg Sanson Division President

by Arkansas Business Staff 3/4/2015 10:11 am

Centennial Bank has named Greg Sanson its division president for Centennial's Conway, north central Arkansas and Alabama divisions, according to Tracy French, the bank's CEO.

Nine Billionaires with Arkansas Ties Make Forbes 500 List

by Mark Carter 3/2/2015 10:33 am

Nine billionaires with Arkansas ties find themselves on the most recent Forbes 500 list of the world's richest people, released this week.

Texas Ratios Mostly Improve For Lenders

by George Waldon 3/2/2015 12:00 am

Seven Arkansas lenders recorded Texas Ratios higher than 50 during the third quarter in 2014. Four of those improved their balance sheet by year's end to fall below that line.

Pyramid Transaction Adds Up to $2.9M (Real Deals)

by George Waldon 3/2/2015 12:00 am

A 17,192-SF commercial project in west Little Rock weighed in at $2.9 million. More than 168 acres near Maumelle are under new ownership after a $1.2 million foreclosure sale. And an 11.5-acre apartment tract in west Little Rock changed hands in a $1.1 million deal.

Turner Grain Trustee Asks for Chapter 7 Liquidation

by Arkansas Business Staff 3/2/2015 12:00 am

Acting United States Trustee Daniel Casamatta says keeping the company in Chapter 11 is just costing the company additional administrative expenses.

Centennial Bank Acquires Florida Branches in FDIC-Assisted Deal

by Lance Turner 2/27/2015 04:09 pm

Centennial Bank said Friday that it has acquired the Florida Panhandle deposits and assets of a Puerto Rican bank that was shut down by the Federal Deposit Insurance Corp.

Simmons First Completes Missouri, Tennessee Aquisitions

by Gwen Moritz 2/27/2015 03:26 pm

The acquisition of Liberty Bank of Springfield, Missouri, and First State Bank of Union City, Tennessee, pushes the holding company's assets to $7.6 billion.

Book Excerpt: Charles Morgan on Jeff Ubben, Acxiom's Battle With ValueAct

by Charles D. Morgan 2/27/2015 09:11 am

An excerpt from Charles Morgan's book, "Matters of Life and Data: A Memoir," about his dealings with investor Jeff Ubben and Ubben's company, ValueAct Capital Partners.