Banking & Finance Archive

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.

Alton Bean Trucking Files for Bankruptcy

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

In the initial filing, Alton listed debts of between $1 million and $10 million and assets in the same range. A more detailed filing will come later.

Home BancShares Feels Effects of Hurricane Irma

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

By the time you read this, Johnny Allison should have had a firsthand look at the impact Hurricane Irma had on the Centennial Bank branches in Florida.

As Factory Closes, Allens Foods Remains in Bankruptcy

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

Allens remains in bankruptcy, and its trustee in the Chapter 7 liquidation continues to fight some of the creditors that he accused of scheming to buy the vegetable and food processor out of bankruptcy in order to save themselves millions while leaving most creditors holding an empty bag.

20 in Their 20s: New Influentials of 2017 Take Courage, Drive and Heart to Every Corner of Arkansas

by Gwen Moritz 9/25/2017 12:00 am

This is the ninth year that Arkansas Business has sought out talented young leaders in our business and nonprofit community to introduce to readers in a feature called the New Influentials: 20 in Their 20s.

Tim Hicks Takes Over Investor Relations at BOZ (Movers & Shakers)

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

Tim Hicks has been named chief administrative officer and executive director of investor relations at Bank of the Ozarks of Little Rock.

Stretch, Little Rock, Stretch (Natalie Ghidotti Commentary)

by Natalie Ghidotti 9/25/2017 12:00 am

I'm not so bold as to believe that Little Rock will be a top contender for Amazon, even though we are certainly worthy of consideration. It's only because Amazon was very specific about the needs for its next location — things we don't have right now. But I get Mayor Mark Stodola's reasoning. Dreaming big is important.

Simmons First's Burt Hicks Reflects Upon Impact

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

Burt Hicks is the president and CEO of Simmons First Investment Group Inc.

JPMS Cox, HoganTaylor Announce Merger

by Arkansas Business Staff 9/22/2017 05:19 pm

Accounting firms JPMS Cox of Little Rock and HoganTaylor of Oklahoma announced Friday they will merge on Jan. 1, then operate under the HoganTaylor name.

UA System Names Gina Terry as CFO

by Arkansas Business Staff 9/20/2017 11:15 am

University of Arkansas System President Donald R. Bobbitt names longtime senior audit director Gina Terry as chief financial officer for the UA System.

Bank of the Ozarks Formally Announces New Headquarters

by Sarah Campbell-Miller 9/19/2017 02:09 pm

Bank of the Ozarks Inc. of Little Rock, which has been planning a new headquarters in west Little Rock, joined Gov. Asa Hutchinson and Little Rock Mayor Mark Stodola to formally announce those plans, including a timeline for construction and completion.

Commercial Vacancy in Northwest Arkansas is Lowest Since 2004

by Sarah Campbell-Miller 9/19/2017 11:32 am

In northwest Arkansas, the commercial real estate market's vacancy rate for the first half of 2017 is the lowest it has been since the inception of Arvest Bank's Skyline Report in 2004.

Williams & Anderson, Allen Law Firm Announce Merger

by Gwen Moritz 9/19/2017 11:15 am

Allen Law Firm will merge with Williams & Anderson effective Oct. 1, the two Little Rock law firms announced Tuesday.

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