Banking & Finance Archive

Thomas Longe Appointed to Home BancShares Board of Directors

by Arkansas Business Staff 10/21/2014 04:38 pm

Home BancShares Inc. of Conway, the parent company Centennial Bank of Conway, has appointed Thomas J. Longe to its board of directors.

UA Study: Well Connected CEOs Can Be Bad for Firms They Lead

by Arkansas Business Staff 10/20/2014 09:28 am

A University of Arkansas study suggests that the more socially connected a chief executive officer is, the less success his firm experiences.

16 Arkansas Public School Superintendent Jobs Top $200,000

by Gwen Moritz 10/20/2014 12:00 am

The list includes 247 current-year superintendents of public school districts and a few charter schools, and it ranks them by the total compensation package — salary plus benefits — paid to the superintendent of that school district in the 2013-14 academic year.

Top College Officials See Sizable Pay Raises

by Mark Friedman 10/20/2014 12:00 am

Arkansas Business reviewed the Administrator's Compensation Survey reports filed with the state Department of Higher Education for the 2010 and 2014 fiscal years. In the four-year period, the number of six-figure employees included in the report increased from 460 to 703.

One Bank Takes Claims Against David Crews to Federal Bankruptcy Court

by Arkansas Business Staff 10/20/2014 12:00 am

The financial tiff between David Crews and Little Rock's One Bank & Trust has shifted venues from Pulaski County Circuit Court to U.S. Bankruptcy Court.

Tom Cotton and Me (Gwen Moritz Editor's Note)

by Gwen Moritz 10/20/2014 12:00 am

If you care about these things, you know that last week I interrupted Rep. Tom Cotton, R-Ark., during his so-called “debate” against three opponents in the race for U.S. Senate in order to ask him to actually address my question.

Maumelle Warehouse Attracts $11.2M Sale (Real Deals)

by George Waldon 10/20/2014 12:00 am

A 484,932-SF warehouse project in Maumelle tipped the scales at $11.2 million. Construction of a 30,000-SF office building is following a $2.3 million land deal in downtown Little Rock. And a North Little Rock car wash is under new ownership after a $1.72 million deal.

Home BancShares 3Q Earnings Up 49 Percent From 2013

by Lee Hogan 10/17/2014 10:08 am

Home BancShares Inc. of Conway, the parent company of Centennial Bank of Conway, announced $24.7 million third quarter earnings, up 49 percent from $18.4 million for the same period of 2013.

First Security Opens LPO in Hot Springs

by Gwen Moritz 10/15/2014 03:57 pm

First Security Bank of Searcy recently opened a loan production office in Hot Springs and is still on the hunt for a location for its first full-service branch in the Garland County, according to Scott Dews, market president.

Bank of the Ozarks 3Q Net Income Up 21 Percent

by George Waldon 10/15/2014 12:32 pm

Bank of the Ozarks Inc. of Little Rock announced net income for the third quarter grew by 21.3 percent to $32.1 million. Profits were backed by record quarterly net interest income of $74.6 million, a 47.4 percent increase from a year ago.

Mark Millsap on Why the Federal Reserve May Have Zero Interest in Repairing the Economy

by Arkansas Business Staff 10/13/2014 12:00 am

Mark Millsap is a co-owner of Foundation Resource Management, which has a team of six investment professionals and five administrative employees managing approximately $2.1 billion.

Paul Hindman Goes Forward With First Community Bank

by Arkansas Business Staff 10/13/2014 12:00 am

Paul Hindman has been named senior vice president and senior credit officer for First Community Bank of Batesville, which has assets of more than $900 million and 17 branch offices. Hindman will work in the office at 1617 S. Caraway Road in Jonesboro.

Relyance Team Continues Bank's Move Into LR Market (Movers & Shakers)

by Arkansas Business Staff 10/13/2014 12:00 am

Nina Castaldi, Sandy Ross, Nikki Pfleger and LaTonja Hill are members of Relyance Bank of Pine Bluff's new Little Rock team.

The Mind of an Entrepreneur (Mitch Bettis Publisher's Note)

by Mitch Bettis 10/13/2014 12:00 am

On Oct. 24, Arkansas Business, in partnership with the College of Business at the University of Arkansas at Little Rock, is hosting another Power Breakfast executive panel.

Fraud Helped Extend One Bank's Solvency, Hunt Company's Lawsuit Alleges

by George Waldon 10/13/2014 12:00 am

An injection of $17.3 million in U.S. Treasury TARP funds five years ago saved Little Rock's One Bank & Trust from insolvency. A lawsuit against the bank's parent company, One Financial Corp., alleges that deception was deployed to obtain that money.

Arvest Extends Lead on List of Largest Trust Departments

by Gwen Moritz 10/13/2014 12:00 am

This week, Arkansas Business presents three industry lists with the common theme of wealth management: trust departments, money managers and broker-dealers.

Court Appoints Former LR Mayor Special Administrator in Scooter Stuart Case

by George Waldon 10/13/2014 12:00 am

Tom Prince, former Little Rock mayor, has entered the fray between Little Rock's One Bank & Trust and the estate of its former controlling owner and CEO, Layton “Scooter” Stuart.

More Baby Boomers' 401(k) Plans Not Financially Ready for Retirement

by Mark Friedman 10/13/2014 12:00 am

Baby boomers between 55 and 64 haven't squirreled away that much money for retirement, though some Arkansas money managers say their clients mostly will be financially ready.

John Stacks, Mountain Pure Owner, Convicted of Seven Federal Counts

by Gwen Moritz 10/9/2014 06:13 pm

A federal court jury deliberated for most of three days before reporting that it was hung on three additional counts of money laundering.

Citizens Bank Eyes NWA Expansion, Names Doug Lynch Market President

by Arkansas Business Staff 10/6/2014 02:30 pm

Citizens Bank of Batesville has launched opened a loan production office in Fayettevile, marking the launch of its expansion into northwest Arkansas.