Banking & Finance Archive

ARK Challenge: Acorn Hours Solving 'Real Problem'

by Mark Carter 9/8/2014 10:41 am

Acorn wants to "intertwine" accountability and service when it comes to tracking service hours, help young people tell their stories and be "catalysts for change," and free up teachers from sometimes tedious paperwork.

Toymaker Redman's Rough History Doesn't Deter State Investment

by Marty Cook 9/8/2014 12:00 am

The state's top economic development official said he has no undue concerns about a $2 million taxpayer investment in Redman & Associates, despite the CEO's bankruptcy a decade ago and subsequent litigation, including a lawsuit related to the product the company is manufacturing in Rogers.

The Beauty of New Market Tax Credits (James Harkins Commentary)

by James Harkins 9/8/2014 12:00 am

One of the most important parts of my job as a real estate professional is understanding the financial tools available to clients. The goals of most buyers, as well as of those needing help with new construction or substantial rehabilitation projects, would be impossible to achieve without guidance on financing.

Bank of the Ozarks Taps Keesee To Lead Western Division (Movers & Shakers)

by Arkansas Business Staff 9/8/2014 12:00 am

Don Keesee has been named western Arkansas division president at Bank of the Ozarks. Keesee, who has more than 30 years of financial experience in Arkansas, worked for Arkadelphia-based Summit Bank in Fort Smith until its recent acquisition by Bank of the Ozarks.

Relyance Lures Straessle Away from First Security

by Arkansas Business Staff 9/8/2014 12:00 am

David Straessle, who had been president of the Little Rock market for First Security Bank of Searcy since 2011, was hired last Thursday to do the same job for Relyance Bank of Pine Bluff.

No Banking Future for Former First Southern CEO Woody Castleberry

by Arkansas Business Staff 9/8/2014 12:00 am

Thanks to the fraud of convicted former Little Rock attorney Kevin Lewis, Woody Castleberry will never work in banking again. Castleberry told us last week that his settlement with the Federal Deposit Insurance Corp. was finally approved. He won't have to pay a penalty, but he agreed never to be involved in banking again.

Arvest Forecloses on Downtown LR Building Owned by Matt Lile

by Arkansas Business Staff 9/8/2014 12:00 am

The bank's foreclosure is on two loans totaling more than $821,500 secured by the 20,332-SF building at the northeast corner of Center and Sixth streets. The property is the home of EJ's restaurant in downtown Little Rock.

Update: 14 Laid Off By Toy Car Maker in Blow to Wal-Mart's 'Made in USA' Initiative

by Marty Cook and Gwen Moritz 9/5/2014 04:03 pm

Redman & Associates filed a federal lawsuit Friday accusing a Chinese company of engaging in an "underhanded strategy" in an attempt to derail Wal-Mart's attempts to bring manufacturing back to the U.S.

Simmons First Completes Delta Trust Acquisition

by Arkansas Business Staff 9/2/2014 08:43 am

Simmons First National Corp. of Pine Bluff has completed its acquisition of Delta Trust & Banking Corp. of Little Rock.

Scooter Stuart's Tainted Assets Draw More Fire

by George Waldon 9/1/2014 12:00 am

This year's number of new lawsuits surrounding the controversial business affairs of the late Layton “Scooter” Stuart indicates the rancor is only growing.

Simmons' Deal for Delta Trust: 3 Years Coming

by George Waldon 9/1/2014 12:00 am

The acquisition of Little Rock's Delta Trust & Banking Corp. by Simmons First National Corp. of Pine Bluff was announced in March and should be completed by the end of the month. But the merger dance began three years ago.

One Bank Makes Claim on Branch Property Titled to Scooter Stuart Partnership

by Arkansas Business Staff 9/1/2014 12:00 am

A lawsuit challenges who owns the OneBanc branch at 14711 Cantrell Road in west Little Rock. Real estate records indicate a general partnership called Bank Partners. One Bank & Trust claims it is the rightful owner.

Johnny Allison Donates $5M to Arkansas State Athletics Department

by Lee Hogan 8/26/2014 04:06 pm

Johnny Allison, chairman of Home BancShares Inc. of Conway and an Arkansas State University alumnus, made the largest personal gift commitment in the A-State athletics department's history: $5 million.

Former Little Rock Tax Preparer Pleads Guilty; Scam Cost Government $1.1M

by Gwen Moritz 8/26/2014 10:40 am

Christopher T. Craig pleaded guilty to just two cases of diverting tax payments to himself, but he admitted that the loss to the government was much greater.

In Lawsuit, Arvest Bank Seeks $467K From Dennis Smiley Jr.

by George Waldon 8/26/2014 10:33 am

Arvest Bank of Fayetteville has sued to collect more than $467,000 in delinquent debt associated with its former Bentonville market president Dennis Smiley. Arvest's actions make it the 11th bank to file details of delinquent loan claims associated with Dennis Smiley Jr. The two lawsuits pushes the known claims against Smiley to about $2.5 million.

Arvest Consumer Survey: Arkansans Have Debts, Saving Rates Similar to Region

by Lee Hogan 8/26/2014 09:18 am

Arkansas consumers have similar debts and saving rates to their neighbors in Missouri and Oklahoma, according to the final release of the first Arvest Bank Consumer Sentiment Survey.

LR Retail Centers Draw $6.1 Million Transaction (Real Deals)

by George Waldon 8/25/2014 12:00 am

Two retail projects in southwest Little Rock tipped the scales at $6.1 million. Geyer Springs Shopping Center LLC of Brooklyn, New York, bought its namesake 152,852-SF property at 8717 Geyer Springs Road and the 21,760-SF Geyer South project at 8521 Geyer Springs Road.

IberiaBank Sheds Springdale Business Center for $1.78M

by Arkansas Business Staff 8/25/2014 12:00 am

An OREO property of IberiaBank since 2011, the Springdale Business Center was purchased by Hillcrest Holdings LLC of Fayetteville, led by Robert Morgan and Gary Nichols.

Last Chance to Nominate Candidates for Arkansas Business' 20 in Their 20s List

by Arkansas Business Staff 8/19/2014 11:42 am

Nominations are being accepted for the list of the state's most influential young professionals, "The New Influentials: 20 in Their 20s."

Southern Bancorp to Buy Mississippi's Smallest Bank

by Gwen Moritz 8/19/2014 11:18 am

Southern Bancorp Inc. of Arkadelphia announced Tuesday a plan to buy the smallest bank in Mississippi, the Bank of Bolivar County.

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