Banking & Finance Archive

Simmons First Completes $21M Deal for Ozark Trust

by Gwen Moritz 10/30/2015 11:16 am

Simmons First National Corp. announced Friday that it had completed the acquisition of Ozark Trust & Investment Corp. of Springfield, Missouri.

First Bank Settles on New Name: Generations Bank

by Gwen Moritz 10/28/2015 11:20 am

Harrell Bancshares Inc. of Camden announced Wednesday that it plans to rename its bank subsidiary from First Bank to Generations Bank.

Bank Wants Back John Rogers SUV Sold for $100

by Arkansas Business Staff 10/26/2015 12:00 am

On paper, someone got an automotive bargain at a public auction two months ago. However, a high bid of $100 for an SUV once owned by alleged serial fraudster John Rogers is now in controversy.

First Security Bank First in Faulkner County

by Arkansas Business Staff 10/26/2015 12:00 am

First Security Bank, the Searcy bank owned by Reynie Rutledge, overtook publicly traded Centennial Bank in Faulkner County — Centennial's home county.

Deposits Grow as Number of Arkansas Banks Shrinks

by Gwen Moritz 10/26/2015 12:00 am

Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, according to the annual summary of deposits released Sept. 28 by the Federal Deposit Insurance Corp., a pace somewhat slower than the 5.4 percent growth in bank deposits nationally.

Big Data Means Big Business for Arkansas Banks

by Marty Cook 10/26/2015 12:00 am

The Northwest Arkansas Technology Council recently held a panel discussion on big data, and Kinsey was one of the featured panelists. The panel discussion was about how companies can use information gleaned from the production of so much data in today's world.

Arkansas Bankers Engage in Efficiency Contest

by George Waldon 10/26/2015 12:00 am

The sub-40 percent efficiency ratio, which has grown in profile in the post-2008 finance world, reflects how many pennies it costs a company to make a buck. The average efficiency ratio among all Arkansas banks through the first half of 2015 is about 70 percent.

Johnny Allison Not Shy About Tooting His Own Horn

by George Waldon 10/26/2015 12:00 am

Johnny Allison considered the first-time quarterly posting of a sub-40 percent efficiency ratio at Home BancShares Inc. worthy of some celebratory skylarking and corporate levity.

John Tipton Promoted at Home BancShares (Movers & Shakers)

by Arkansas Business Staff 10/26/2015 12:00 am

John “Stephen” Tipton was recently promoted to chief operating officer of Home BancShares Inc. of Conway and its subsidiary, Centennial Bank.

IberiaBank's Pete Yuan on Regulation's Fine Line Between Helping and Hindering

by Arkansas Business Staff 10/26/2015 12:00 am

Pete Yuan, in his role as president of IberiaBank's Arkansas region, also is responsible for the bank's title business, operated under Lender's Title, United Title and American Abstract.

Anstaff Bank to Acquire Twin Lakes Community Bank at Flippin

by Marty Cook and George Waldon 10/23/2015 10:57 am

First National Bancorp Inc. of Green Forest, the holding company for Anstaff Bank, has reached an agreement to expand its north Arkansas footprint eastward by acquiring $109 million-asset Twin Lakes Community Bank at Flippin.

Simmons First 3Q Net Income Up 145 Percent

by Lance Turner 10/22/2015 08:27 am

Simmons First National Corp. of Pine Bluff on Thursday reported third quarter net income of $21.6 million, up 145 percent from $8.8 million in the same quarter last year.

Arkansas Unemployment Drops to 5.2 Percent; Construction Strong

by Alexis Hosticka 10/20/2015 11:05 am

Arkansas' seasonally adjusted unemployment rate dropped two-tenths of percentage point, from 5.4 percent in August to 5.2 percent in September.

Bank of the Ozarks' $800M Deal Gives It Big Presence in Georgia

by Gwen Moritz 10/20/2015 08:46 am

Bank of the Ozarks' record-setting deal to buy Community & Southern Bank of Atlanta will mean the bank George Gleason built will have almost as many branches in Georgia as it has in Arkansas. The deal will grow its assets — $9.3 billion as of Sept. 30 — by nearly 50 percent in a single gulp.

Citizens Bank Not Cooling Off in Hot Springs

by Arkansas Business Staff 10/19/2015 12:00 am

Last week's news that Citizens Bank of Batesville is buying Parkway Bank of Rogers should surprise exactly no one who has been watching Citizens since Phil Baldwin was hired as CEO two years ago.

Relyance Bank To Add New Little Rock Location in 2016

by Arkansas Business Staff 10/19/2015 12:00 am

Relyance Bank of Pine Bluff is gearing up for its third Little Rock branch, a 2,656-SF office at 14220 Cantrell Road.

Richard Mays Disputes Property Valuation as Tech Park Considers Eminent Domain

by Mark Carter 10/15/2015 11:51 am

The Little Rock Technology Park Authority Board is eyeing the last piece of the park's Phase 1 puzzle and is prepared to claim eminent domain to put it into place.

Home BancShares 3Q Profit Up 31 Percent to $36M

by Lance Turner 10/15/2015 07:10 am

Home BancShares Inc. of Conway on Thursday reported third-quarter profit of $35.7 million, up 30.6 percent from the same quarter last year.

Update: Citizens Bank of Batesville To Acquire Parkway Bank of Rogers

by Gwen Moritz 10/14/2015 05:54 pm

Citizens Bank, the expansion-minded Batesville bank that opened a full-service branch in Fayetteville earlier this year, announced late Wednesday afternoon that it will buy Parkway Bank of Rogers before the end of the year.

Arkansas Business Hall of Fame to Induct 4

by Arkansas Business Staff 10/14/2015 10:56 am

The 2016 inductees are: William T. Dillard II of Dillards Inc.; Dr. George K. Mitchell, former Arkansas Blue Cross and Blue Shield CEO; former Gov. Winthrop Rockefeller; and Patricia P. Upton of Aromatique.