Banking & Finance Archive

US Bank Earnings Dip 2 Percent in 1Q Amid Low Oil Prices

by Associated Press 6/1/2016 10:34 am

The impact of low oil prices has continued to hobble the finances of U.S. banks, which posted increased loan losses in the first quarter driven by a huge jump in delinquent energy loans.

Mark Zweig Scoops Up University Village (NWA Real Deals)

by Marty Cook 5/30/2016 12:00 am

Builder Mark Zweig of Fayetteville paid $2.25 million for the 20,000-SF University Village shopping center on West 15th Street in Fayetteville.

2 Banks Join Arkansas Business' Largest Private Companies List

by Gwen Moritz 5/30/2016 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $34.2 billion in their most recent fiscal years, up more than 4 percent in a year.

Rehab & Health Care Center Attracts $3.5M Transaction (Real Deals)

by George Waldon 5/30/2016 12:00 am

FC Encore Properties B Holdco LLC, an affiliate of Formation Capital of Atlanta, purchased Chenal Rehabilitation & Healthcare Center at 3115 S. Bowman Road.

Eyenalyze Receives Funding From Cadron Creek Capital

by Arkansas Business Staff 5/27/2016 10:58 am

The funding will be used to further Eyenalyze's solution which simplifies restaurant back-office business including inventory, plating cost and employee tracking – all while providing end data that is useful and compatible with financial analysis and reporting.

Eyenalyze Gets Seed Funding from Cadron Creek Capital

by Sarah Campbell 5/27/2016 10:38 am

Eyenalyze of Conway, which provides CPA-friendly back-office solutions for restaurants, announced Friday that it has received seed funding from seed capital investment fund Cadron Creek Capital of Conway.

Simmons First Increases Quarterly Dividend by 4.3 Percent

by Arkansas Business Staff 5/26/2016 04:19 pm

The Simmons First National Corp. board of directors declared a regular $0.24 per share quarterly cash dividend payable July 1, to shareholders of record June 15.

Home BancShares Celebrates 10 Years as Nasdaq Company

by Arkansas Business Staff 5/25/2016 10:30 am

Home BancShares Inc., parent company of Centennial Bank, was featured on the Nasdaq Tower in Times Square in celebration of the Company's 10th anniversary as a Nasdaq listed company and John W. Allison, chairman, rang the Nasdaq Opening Bell.

SPONSORED: 3 Ways Wharton Business Scholars Challenge Retirement Thinking

by 5/25/2016 12:00 am

Conventional wisdom is being turned on its head in many ways these days. From politics to healthcare, there seems to be a revolution in thinking about how we arrive at the outcomes that are in our best interest.

Trial Set for June 1 for Former One Bank Execs

by Arkansas Business Staff 5/23/2016 12:00 am

The federal criminal trial of two remaining defendants formerly of One Bank & Trust of Little Rock is still scheduled to start next week, although indications are that it will be June 1 rather than May 30.

In Retirement, Mike McFarland Swings for the Fences

by Arkansas Business Staff 5/23/2016 12:00 am

After retiring from Arvest Bank earlier this year, Mike McFarland bought Modern Fence & Supply Co. of Springdale. McFarland and partner Rick Barrows paid $2.3 million for the company, which has a 12,165-SF office on a 1.8-acre lot at 1864 Ford Ave.

Pulaski County's Most Expensive Home Sales of 2015

by Mark Friedman 5/23/2016 12:00 am

Sales of seven-figure homes in Pulaski County jumped in 2015, but the million-dollar houses remain a small part of the market.

Northwest Arkansas' Most Expensive Home Sales of 2015

by Marty Cook 5/23/2016 12:00 am

There was a drop in seven-figure home sales in Washington and Benton counties in 2015. In 2014, 18 homes in the two counties sold for $1 million or more; in 2015, only 10 such homes were sold.

Top Residential Firms in Arkansas Enjoy Home Sales Rebound

by George Waldon 5/23/2016 12:00 am

2015 was a good year for buying and selling houses in Arkansas as reflected by growth among the 10 largest residential realty firms.

Banking on Success (Editorial)

by Arkansas Business Editors 5/23/2016 12:00 am

You don't know what you don't know, and if you've never been exposed to a particular career or seen someone who looks like you in a position of influence, it's hard to imagine entering that field or wielding that influence.

RPM Group's Kris Upton on How Technology Brings an Agent's Success Back Home

by Arkansas Business Staff 5/23/2016 12:00 am

Kris Upton, 46, is president of the RPM Group, where he's worked since 2003, and previously has served the company as treasurer, chief financial officer and chief operating officer.

Scott Lambert Steps Up to Senior Examiner at State Bank Department (Movers & Shakers)

by Arkansas Business Staff 5/23/2016 12:00 am

Lambert, formerly a credit analyst at Farmers & Merchants Bank of Stuttgart, joined the bank department in 2013.

Simmons First to Buy Citizens National Bank of Athens In Deal Worth $77M

by Lance Turner 5/18/2016 03:35 pm

Simmons First National Corp. of Pine Bluff said Wednesday that it agreed to purchase Citizens National Bank of Athens, Tennessee, in a deal valued at $77 million.

Inside New Overtime Regulations, Traps to Avoid, How to Prepare (Stuart Jackson Commentary)

by Stuart Jackson 5/18/2016 01:22 pm

The U.S. Department of Labor published the final rule updating overtime regulations under the Fair Labor Standards Act. More than 50,000 employees and their employers in Arkansas will be affected. Here's how to prepare.

Arkansas Consumer Sentiment Continues to Climb

by Arkansas Business Staff 5/18/2016 09:36 am

The current consumer sentiment index for Arkansas is 84.9, up from 77.8 in September, according to the spring 2016 Arvest Consumer Sentiment Survey, released Tuesday.