Banking & Finance Archive

Cantrell Office Building Sale Exceeds $2.6 Million (Real Deals)

by George Waldon 6/13/2016 12:00 am

8114 Cantrell LLC, led by Billy Roehrenbeck, purchased its namesake project.

Blocking And Tackling (Gwen Moritz Editor's Note)

by Gwen Moritz 6/13/2016 12:00 am

It's easy in hindsight to spot errors. I don't know enough about auditing to know whether BKD's auditors were incompetent. I do know from hard experience that errors often seem obvious in hindsight, and while they may be the result of lazy technique, some errors are virtually unavoidable.

Matt Hicks Hired at First National Bank of Northwest Arkansas (Movers & Shakers)

by Arkansas Business Staff 6/13/2016 12:00 am

Matt Hicks has joined First National Bank of Northwest Arkansas in Fayetteville. Hicks has accepted the position as vice president and commercial lender.

Nominate Now for Arkansas Business '20 in Their 20s'

by Arkansas Business Staff 6/10/2016 08:44 am

Arkansas Business is once again taking nominations for its annual "20 in Their 20s" list, which honors young professions in their 20s.

Venture Center Holds Inaugural 'Lift the Rock' Event

by Sarah Campbell 6/8/2016 11:34 am

About 30 people attended the Venture Center's first-ever "Lift the Rock" event, featuring VC FinTech Accelerator startup FundSeeder of Westport, Connecticut.

Adviser's Serial Firings Show 'Big Problem' at Brokerages

by Associated Press 6/7/2016 06:46 am

Sen. Elizabeth Warren and Sen. Tom Cotton have asked FINRA to address what it's doing about firms that routinely employ brokers with a history of fleecing clients.

BKD Agrees to $4 Million Settlement with FDIC

by Arkansas Business Staff 6/6/2016 12:00 am

Accounting firm BKD LLP agreed to pay the FDIC $4 million to settle a federal lawsuit tied to the 2010 failure of First Southern Bank of Batesville.

Fifth Amendment Rights Behind One Bank & Trust Trial Delay

by Arkansas Business Staff 6/6/2016 12:00 am

An unusual plea deal struck by former One Bank & Trust executive Gary Rickenbach has delayed the trial of two of his former co-workers, Brad Paul and Mike Heald

Focus in Turner Grain Case Shifts to K.B.X.

by Mark Friedman 6/6/2016 12:00 am

Lonoke County farmers hope to recover the $5.5 million they lost dealing with Turner Grain Inc. from a company they claim worked closely with the Brinkley crop broker: K.B.X. Inc. of Benton.

Businesses in Arkansas Confront Shooter Scenario

by Kyle Massey 6/6/2016 12:00 am

Many Arkansas businesses and institutions now have reaction plans for mass shootings, and some training goes beyond the federal government's basic run-and-hide recommendations.

Data Breaches on the Rise, Even in Arkansas

by Sarah Campbell 6/6/2016 12:00 am

Hacking is costing businesses millions more as sophisticated criminal networks determined to steal information for financial gain have replaced the individuals who were commonplace in the early years of the internet, and Arkansas is not immune.

You Can Go Home Again: More Young Americans Living With Parents

by Arkansas Business Staff 6/6/2016 12:00 am

Living with a parent is the most common living arrangement for 18- to 34-year-olds in the United States, the first time on record that that has been the case, according to the Pew Research Center.

Maumelle Motel Draws $2.4 Million Transaction (Real Deals)

by George Waldon 6/6/2016 12:00 am

New Frontier Hospitality LLC, led by Dilep and Vitesh Patel, bought the Quality Suites at 14322 Frontier Drive.

Doyle Rogers Family Sells Interest In Citizens Bank

by George Waldon 6/6/2016 12:00 am

The Doyle Rogers family sold its 25.82 percent stake in the $722 million-asset lender to a descendant of another founding family: poultry pioneer J.K. Southerland.

First Security Bancorp Invests in CrossFirst

by George Waldon 6/6/2016 12:00 am

First Security Bancorp of Searcy has added to its stake in an out-of-state banking concern: CrossFirst Holdings LLC of Leawood, Kansas. The $2.65 million transaction boosts FSB's direct ownership from 9.78 percent to 10.8 percent.

Farmers Bank & Trust Branches Out to Wilson

by George Waldon 6/6/2016 12:00 am

Farmers Bank & Trust of Blytheville is deepening its market penetration in Mississippi County with a Wilson location. The branch affords an opportunity that belies the size of the community (population 900).

Arkansas Panel not Looking at Raises for Elected Officials

by Associated Press 6/3/2016 03:36 pm

The chairman of an Arkansas commission that sets salaries for the state's top elected officials says the panel is not considering any pay hikes since other state employees didn't get a raise this year.

Fed Member Lael Brainard Urges Caution on Raising Interest Rates

by Associated Press 6/3/2016 11:38 am

An ally of Federal Reserve Chair Janet Yellen who has been a longtime skeptic of raising interest rates is signaling that the Fed should be in no hurry to act, especially after Friday's bleak U.S. jobs report.

Arkansas Revenue Above Last Year, Below Forecast in May

by Associated Press 6/2/2016 10:15 am

Arkansas finance officials say a court settlement and reduced utilities tax collections pushed the state's revenue below expectations in May, but above the same month last year.

Fed's 'Beige Book' Survey Finds Modest Growth in Many Regions

by Associated Press 6/1/2016 02:20 pm

The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors.