Banking & Finance Archive

Taco Kidd Offers Mexican Fare to Jonesboro Diners

by Liz Fox 4/29/2013 12:00 am

Taco Kidd has opened its doors in northeast Arkansas to provide Mexican fare to the residents of Jonesboro.

J. David Daniel Newest Senior VP at Simmons First Trust (Movers & Shakers)

by Arkansas Business Staff 4/29/2013 12:00 am

J. David Daniel has been promoted to senior vice president of Simmons First Trust Co. Daniel has more than 20 years of experience, 16 of which have been with the company.

Metropolitan Posts Second Consecutive Quarterly Profit

by Gwen Moritz 4/26/2013 03:43 pm

Metropolitan National Bank had net income of $662,000 in the first quarter of 2013 following a profit of $761,000 in the fourth quarter of 2012.

US Economy Accelerates at 2.5 Percent Rate in 1Q

by Associated Press 4/26/2013 10:50 am

U.S. economic growth accelerated to an annual rate of 2.5 percent from January through March, buoyed by the strongest consumer spending in more than two years. Government spending fell, though, and tax increases and federal budget cuts could slow growth later this year.

Moody's: Expanding Health Insurance 'Credit Positive' for Arkansas Hospitals

by Lance Turner 4/25/2013 10:09 am

A credit outlook report by Moody's Investor Service says the state Legislature's move to expand health insurance in Arkansas through the "private option" is good for the state's hospitals.

Friday's the Last Day to Sign Up for 'Best Places to Work' Survey

by Arkansas Business Staff 4/24/2013 11:07 am

Arkansas Business has launched a workforce evaluation program to help companies gauge their employees' engagement and satisfaction.

FDIC Scores $6.4M Judgment in ANB Financial Case

by Arkansas Business Staff 4/22/2013 12:00 am

The Federal Deposit Insurance Corp., acting as the receiver of the defunct ANB Financial of Bentonville, easily scored another multimillion-dollar judgment last week against a Benton County developer.

Preacher's Assets Frozen in Alleged Securities Violation Case

by Mark Friedman 4/19/2013 04:49 pm

Thomas E. James, associate pastor of a church in Fort Smith, is accused of persuading a church member to invest in a bond fund "that did not actually exist."

OCC Releases Legacy Bank From Order

by Gwen Moritz 4/19/2013 02:37 pm

Legacy Bank of Springdale has been released from the oversight agreement it entered with federal regulators five years ago.

Home BancShares Announces Stock Split, Quarterly Dividend Hike

by Gwen Moritz 4/19/2013 08:20 am

Chairman John Allison had a couple of surprises for shareholders who attended Home BancShares Inc.'s annual meeting in Conway Thursday night: Their stock will be split 2-for-1 on May 22, and their quarterly dividend will be increased from 13 cents to 15 cents per share.

Correction: Simmons First 1Q Profit Down 8 Percent to $5.9M

by Lance Turner 4/18/2013 12:31 pm

Simmons First National Corp. of Pine Bluff reports first-quarter net income of $5.9 million, down 8 percent from the same quarter last year.

Home BancShares' 1Q Profit Up 21 Percent to $17.5M

by Lance Turner 4/18/2013 08:19 am

Home BancShares Inc. of Conway on reports first-quarter net income of $17.5 million, up 21 percent from $14.5 million during the same quarter last year.

Simmons First Announces New Foundation Led by Tommy May

by Gwen Moritz 4/17/2013 09:57 am

Simmons First National Corp. shareholders speeded through routine business at the annual meeting Tuesday night to concentrate on the upcoming changing of the guard.

Brandon Barber Pleads Not Guilty, Faces Business, Travel Restrictions

by Chris Bahn 4/15/2013 12:27 pm

Former northwest Arkansas real estate developer Brandon Barber pleaded not guilty to an assortment of money laundering and fraud charges during an arraignment hearing Monday in Fayetteville.

George Gleason: Bank Still A Player for FDIC-Assisted Deals

by George Waldon 4/15/2013 11:31 am

George Gleason says the company remains a player in bidding on FDIC-assisted acquisitions although efforts during 2012 proved unsuccessful.

Top Employers in Arkansas Keep Steady Payroll of Workers

by Luke Jones 4/15/2013 12:00 am

The top five largest employers in Arkansas have seen some bumps since last year, but they remain in the same order. Four of the top five saw increases in employment during 2012.

One Bank Selects Jim Schnoes as New Financial Officer

by Arkansas Business Staff 4/15/2013 12:00 am

Little Rock's One Bank & Trust has tapped Jim Schnoes, chief financial officer of FTJ Group LLC of Rogers and a former senior vice president at J.B. Hunt Transportation, as its new chief financial officer.

Farmers Bank Alleges Improper Management of Bruce Burrow Estate

by Arkansas Business Staff 4/15/2013 12:00 am

A creditor of Jonesboro developer Bruce Burrow is demanding that his Chapter 11 bankruptcy reorganization be converted to a Chapter 7 liquidation or tossed out.

Receiver Appointed for Clarion Hotel Medical Center on University

by Arkansas Business Staff 4/15/2013 12:00 am

A receiver has been appointed to run the Clarion at 925 S. University Ave. while it makes its way through a foreclosure lawsuit.

Arkansas Best Corp. Granted Confidentiality in SEC Filings

by Arkansas Business Staff 4/15/2013 12:00 am

Information pertaining to a letter of credit agreement between Arkansas Best Corp. and PNC Bank of Pittsburgh was allowed to be redacted in an SEC filing based on "competitive purposes." Because of “competitive purposes,” the company was allowed to redact specifics of the agreement. Those deletions include basis points and a commitment fee.