Banking & Finance Archive

Bank of the Ozarks' George Gleason Reallocates Time to Oversee Loan Growth

by George Waldon 10/9/2017 12:00 am

George Gleason, chairman and CEO of Bank of the Ozarks, reshuffled his duties earlier this year to devote about 75 percent of his time to the bank's real estate specialties group.

Median Household Income Rises 5.6 Percent in Arkansas

by Arkansas Business Staff 10/9/2017 12:00 am

Arkansas, Louisiana, Mississippi and West Virginia had the lowest median household incomes for 2016.

Signature Bank's Gary Head on Putting a Postive Stamp on Community Commerce

by Arkansas Business Staff 10/9/2017 12:00 am

Gary Head, 57, is chairman, president and CEO of Signature Bank of Arkansas, which he and fellow investors started in 2005 after raising $44 million in startup capital.

Nursing Homes Combine For $9.1M Transaction (Real Deals)

by George Waldon 10/9/2017 12:00 am

Rolling Hills H.C. Inc., led by Joey Wiggins, purchased the 139-room Sandalwood Healthcare project at 2600 John Barrow Road for $5 million and the 70-room Chenal Rehabilitation & Healthcare Center at 3115 S. Bowman Road for $4.1 million.

Bank of McCrory Purchase Carries Price of $9.5 Million

by George Waldon 10/9/2017 12:00 am

The $79 million-asset Bank of McCrory will be merged into First National Bank of Wynne. The combination will boost First National's total assets to more than $358 million.

OCC Order Wraps Up Dispute Over One Bank Loans

by George Waldon 10/9/2017 12:00 am

The Office of the Comptroller of the Currency in August tied up a loose end left dangling for years at Little Rock's One Bank & Trust.

Joseph Dunn Takes Seat on Gateway Bank Board (Movers & Shakers)

by Arkansas Business Staff 10/9/2017 12:00 am

Joseph Dunn, chief credit officer for Gateway Bank of Rison, has been named to the bank's board of directors.

Forfeited Property Sold for $1M

by Arkansas Business Staff 10/5/2017 02:55 pm

AOR LLC, led by John Starling of JTS Financial Services of Little Rock, has purchased a 21,256-SF office building in Little Rock.

Federal Regulator Clamps Down on Payday Lending Industry

by Associated Press 10/5/2017 01:09 pm

A federal regulator announced new restrictions Thursday on the payday lending industry, a move that is likely to face resistance in Congress.

Senate Confirms Trump Pick to Serve on Federal Reserve

by Associated Press 10/5/2017 01:07 pm

The Senate has confirmed President Donald Trump's nomination of Randal Quarles to serve on the Federal Reserve, the first step in the Republican's efforts to remake the nation's powerful central bank.

US 30-Year Mortgage Rates Average Rises to 3.85 Percent

by Associated Press 10/5/2017 01:05 pm

Long-term mortgage rates ticked up slightly this week as the average 30-year fixed-rate mortgage rose to 3.85 percent from 3.83 percent a week ago.

Home BancShares Promotes Kelly Buchanan

by Arkansas Business Staff 10/3/2017 12:26 pm

Home BancShares Inc. of Conway, parent company of Centennial Bank, announces the promotion of Kelly Buchanan to director of corporate branch strategies.

In-State Bank Deposits Grow by 5.6 Percent, Beating National Rate

by Gwen Moritz 10/3/2017 11:20 am

Arkansas bank deposits grew by 5.6 percent in the year that ended June 30, beating the national growth rate of 4.6 percent.

US Construction Spending Rebounded 0.5 Percent in August

by Associated Press 10/2/2017 11:23 am

U.S. construction spending rebounded 0.5 percent in August after two months of contraction, helped by strength in home building, and commercial and government construction.

As State Looks for Banks, Big Names Poised to Enter Medical Marijuana Industry

by Arkansas Business Staff 10/2/2017 12:00 am

If at least one Arkansas bank doesn't step up to the plate by Dec. 1, legislators will look for another option to protect the state from the dangers of an all-cash industry.

WLR Automotive Property Bears $4M Price Tag (Real Deals)

by George Waldon 10/2/2017 12:00 am

An affiliate of Luther Automotive Group of St. Louis Park, Minnesota, acquired the 12.56-acre tract on the west side of Col. Glenn Plaza Loop across from Steve Landers Chrysler Jeep Ram.

Home BancShares Finalizes $820M Stonegate Bank Buy

by Lance Turner 9/27/2017 09:12 am

Home BancShares Inc. of Conway completes its previously announced acquisition of Stonegate Bank of Pompano Beach, Florida, in a transaction worth about $820 million.

Sales of New US Homes Fell 3.4 Percent in August

by Associated Press 9/26/2017 09:12 am

Sales of new U.S. homes slumped 3.4 percent in August, the second straight monthly decline.

John Rogers Faces Pulaski County Hearing, Sentencing in Federal Court

by Arkansas Business Staff 9/25/2017 12:00 am

John Rogers, the North Little Rock sports memorabilia and photo dealer, faces a day in county circuit court later this month before appearing in front of a federal judge for sentencing in November.

Rock Bancshares Also On the Hook to Farmers & Merchants Bank

by Arkansas Business Staff 9/25/2017 12:00 am

Simmons Bank of Pine Bluff wasn't the only bank creditor of Rock Bancshares Inc. Farmers & Merchants Bank of Stuttgart was owed $687,271.

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