Banking & Finance Archive

The Truth Is Out There (Gwen Moritz Editor's Note)

by Gwen Moritz 8/15/2016 12:00 am

This keeps me awake at night: The knowledge that there are important stories of value and interest to my readers, or of importance to our community or our country, that aren't being reported because news organizations don't know about them and there might not be enough warm bodies to do the work even if we did.

Townsell, King Take New Roles at Centennial Bank (Movers & Shakers)

by Arkansas Business Staff 8/15/2016 12:00 am

Donna Townsell has been promoted to director of marketing for Centennial Bank of Conway, and Eric King has been named senior business development officer.

Power and Pain of Consensus (Barry Goldberg On Leadership)

by Barry Goldberg 8/15/2016 12:00 am

Mainstream, action-oriented leadership thinkers tend to hate the idea of consensus, opting instead for rapid-fire, quick-decision meetings. The efficiency of pushing quickly for a clear path forward is hard to resist; however, it often steps over or forces underground the kind of resistance that will kill a new idea or initiative — but usually not until most of the time and money are spent.

Unemployment Rates in Arkansas Cities Vary Widely

by Arkansas Business Staff 8/15/2016 12:00 am

Unemployment rates rose slightly in Arkansas metro areas in June, but rates are still lower than a year ago, notes Michael Pakko, chief economist at the Institute for Economic Advancement at the University of Arkansas at Little Rock.

Sale of Former Remington College Exceeds $4.3 Million (Real Deals)

by George Waldon 8/15/2016 12:00 am

EAI Realty Inc., an affiliate of Education America Inc. of Heathrow, Florida, sold the 35,000-SF building in west Little Rock.

Average US 30-Year Mortgage Rate Ticks Up to 3.45 Percent

by Associated Press 8/11/2016 11:44 am

Long-term U.S. mortgage rates edged higher this week, though rates remain at historically low levels.

State of the Debate on 'Too Big to Fail' (James Bullard Commentary)

by James Bullard 8/8/2016 12:00 am

Even with the enactment of the Dodd-Frank Act, which has yet to be fully imposed, debate continues on whether “too big to fail” remains an issue or whether the risk to the economy has been mitigated.

Ten Arkansas Business Icons Have Stories to Tell

by Gwen Moritz 8/8/2016 12:00 am

Arkansas Business presents these ten Arkansas business icons as a way to acquaint readers with the personalities behind some of the most familiar names in our state's business community.

What's Your Legacy? (Editorial)

by Arkansas Business Editors 8/8/2016 12:00 am

Even among Arkansas Business' largely affluent readers, few have the resources to make million-dollar donations, but many of our readers are business owners and employers, and every job they provide supports an individual or a family.

US Adds A Robust 255K Jobs; Unemployment Stays 4.9 Percent

by Associated Press 8/5/2016 08:02 am

Employers added a healthy 255,000 jobs last month, a sign of confidence amid sluggish growth that points to a resilient U.S. economy.

Bear State Bank Partners with Fintech Startups, One to Stay in Little Rock

by Sarah Campbell 8/4/2016 10:47 am

Bear State Financial Inc. of Little Rock has partnered with two startups — LumoXchange of Atlanta and Monotto of Charleston, South Carolina — that participated in the first FinTech Accelerator program.

FIS, Governor Extend VC FinTech Accelerator Program to 2018

by Sarah Campbell 8/3/2016 02:43 pm

FIS of Jacksonville, Florida, and Gov. Asa Hutchinson announced Wednesday that they aim to extend the VC FinTech Accelerator program until 2018.

ATRS to Get Part of $300M Class-Action Settlement

by Mark Friedman 8/1/2016 10:47 am

Arkansas Teacher Retirement System will receive a percentage of a $300 million class-action settlement it reached last week with its custodial bank in connection with overcharging fees.

Golden Property Allcorp Inc. Goes Bankrupt

by Arkansas Business Staff 8/1/2016 12:00 am

Allcorp Inc. of Little Rock, which owns the $16.9 million-asset Community State Bank of Bradley (Lafayette County), filed for Chapter 11 reorganization late Wednesday.

Loan Loss Models Vary Bank-by-Bank

by George Waldon 8/1/2016 12:00 am

Proportionally, no other Arkansas bank committed more to its loan loss reserves during the first quarter than DeWitt Bank & Trust.

NLR Bowling Project Rolls Out $2.3M Sale (Real Deals)

by George Waldon 8/1/2016 12:00 am

Millennium Bowl of Little Rock LLC, led by Anil Nayar, Aziz Pabani, Akbar Pabani and Kairunnisa Khan, bought its namesake project at 7200 Counts Massie Road. The seller is Millennium Bowl Inc., led by James Moore.

Play Your Own Game (Gwen Moritz Editor's Note)

by Gwen Moritz 8/1/2016 12:00 am

You need to play your own game. Don't let the decisions others are making be more than data points in the mix when making your own decisions, because they aren't working with the exact same factors.

US Regulators: Still Heavy Risk in Big Bank Loans

by Associated Press 7/29/2016 11:34 am

Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.

Demo Day for VC FinTech Accelerator is Aug. 3

by Sarah Campbell 7/26/2016 09:48 am

Seats are filling up, with more than 200 expected to attend the Venture Center's VC FinTech Accelerator's Global Investor Demo Day to be held from 1-5 p.m. Aug. 3 at the Clinton Presidential Library.

Regulatory Costs Hit Smaller Banks Harder, St. Louis Fed Economists Conclude in Report

by Gwen Moritz 7/25/2016 12:00 am

Smaller banks really are hit harder by the cost of regulatory compliance, a report published last week concluded.