Banking & Finance Archive

Future Bank of the Ozarks HQ Site Draws Deals Totaling $12M-Plus (Real Deals)

by George Waldon 10/10/2016 12:00 am

Little Rock's Bank of the Ozarks Inc. acquired about 46.2 acres of mostly undeveloped property for a corporate campus in west Little Rock.

Sandy Straessle Hired at Stone Bank (Movers & Shakers)

by Arkansas Business Staff 10/10/2016 12:00 am

Sandy Straessle has been named a customer service manager for the Little Rock branch of Stone Bank of Mountain View.

Smithsonian Puts Spotlight On AutoMail

by Sarah Campbell 10/10/2016 12:00 am

A northeast Arkansas company, AutoMail, has been added to a new virtual exhibit by the Smithsonian Institution's National Postal Museum in recognition of technology it developed in the 1990s that helped community banks save money through manifest mailing.

Maf Sonko Taps Wire on Little Rock's Tech Community

by Arkansas Business Staff 10/10/2016 12:00 am

Maf Sonko completed the Venture Center's inaugural FinTech Accelerator held in Little Rock. His startup was one of 10 chosen from 150 applicants and is planning to move to Little Rock next year. Participants received a $50,000 initial investment for a 6 percent equity position.

FinTech Accelerator to Host Virtual Roundtable on Regulation

by Sarah Campbell 10/7/2016 11:08 am

The Venture Center's FinTech Accelerator will host a virtual roundtable on Oct. 26 via YouTube Live with Rep. French Hill (R-Ark.) and Rep. Ann Wagner (R-Mo.) over compliance and regulation in the financial technology and banking industries.

Sentences Reduced for Two Walnut Ridge Embezzlers

by Gwen Moritz 10/6/2016 10:28 am

The prison sentences ordered for two Walnut Ridge bank embezzlers were reduced by six months on Wednesday thanks to the sharp eye of their co-defendant's lawyer.

Waltons Among Forbes' Top 20 Richest

by Arkansas Business Staff 10/5/2016 01:31 pm

The Walton family has fallen out of the top 10 of Forbes magazine's list of the country's 400 richest people.

Update: Waldrip Family to Purchase Forrest City Bank

by Gwen Moritz 10/4/2016 11:18 am

Big Creek Bancshares, formed in September by Mark Waldrip of Moro (Lee County) and Nathan Waldrip of Jonesboro, has struck a deal to buy Forrest City Bank from Forrest City Financial Corp.

Report: Arkansas Revenue Down Again in September

by Associated Press 10/4/2016 10:21 am

Arkansas finance officials say the state's revenue in September again fell below expectations and the same month last year.

SPONSORED: Four Steps For A Healthy Medical Practice

by 10/4/2016 08:00 am

Medical professionals should treat their financials like a patient, with plenty of preventive medicine.

Merger Talk Developing Between Pinnacle, Central Banks

by Arkansas Business Staff 10/3/2016 12:00 am

Central Bank had $115.3 million in assets and $17.65 million in equity capital as of June 30. Pinnacle Bank had $89.5 million in assets and $10.4 million in equity capital at midyear.

Today's Bank Takes On Teetering Allied

by George Waldon 10/3/2016 12:00 am

The Allied Bank staff was still a little shell-shocked when they convened at the main office in Mulberry on Saturday, Sept. 24. The day after regulators took over the $66.3 million-asset lender, employees gathered to learn what the future held under the new ownership of Today's Bank of Huntsville.

Marketers Don Hale, Kirby Williams Work Bankers' Hours

by Kyle Massey 10/3/2016 12:00 am

Last month, word got around that Don Hale and Kirby Williams were stepping back from their firms to become marketing chiefs at banks — Hale at Citizens Bank of Batesville and Williams at Stone Bank of Mountain View, working out of Little Rock.

Katie Chandler Promoted at HoganTaylor (Movers & Shakers)

by Arkansas Business Staff 10/3/2016 12:00 am

Katie Chandler has been promoted to tax partner at the Little Rock office of accounting firm HoganTaylor LLP. Chandler, a certified public accountant, was previously with the Little Rock accounting firm of Hart Chandler & Associates PLLC, which merged with HoganTaylor in 2015.

Third Walnut Ridge Defendant Gets Shorter Sentence, Co-Conspirators May Benefit

by Gwen Moritz 9/30/2016 04:06 pm

Sharp-eyed lawyering resulted in a shorter prison term for Peggy Sutton, the last of three defendants to be sentenced for stealing almost $4 million from First National Bank of Lawrence County, and it could bode well for her co-conspirators.

Bank of the Ozarks Contributes to Statewide Deposit Growth

by Gwen Moritz 9/30/2016 10:11 am

Arkansas bank deposits topped $60 billion as of June 30, and Bank of the Ozarks alone accounted for more than $2 billion of $4.28 billion in new deposits.

Update: Brenda Montgomery Gets 57 Months in Prison for Lawrence County Bank Theft

by Gwen Moritz 9/29/2016 04:17 pm

Brenda Montgomery was sentenced to 57 months in federal prison and three years of supervised release for her part in stealing nearly $4 million from First National Bank of Lawrence County, where she was a teller.

Simmons Bank Opens Third Branch in Fayetteville

by Arkansas Business Staff 9/27/2016 09:35 am

Simmons Bank of Pine Bluff has opened a third branch in Fayetteville, at 2025 Crossover Road.

SPONSORED: How To Prepare For The Fourth Quarter

by 9/26/2016 08:00 am

Take a page from the football playbook when planning retirement.

Walnut Ridge Three Scheduled for Sentencing on Bank Fraud

by Arkansas Business Staff 9/26/2016 12:00 am

Three former employees of First National Bank of Lawrence County who have already pleaded guilty to conspiracy to commit bank fraud scheduled to be sentenced in federal court in Little Rock later this week.