Banking & Finance Archive

Vitamin Shoppe Leads Off Six-Pack of Million-Dollar Deals

by Arkansas Business Staff 9/29/2014 12:00 am

McCain Plaza LLC of Los Angeles bought the Vitamin Shoppe at 4300 McCain Blvd. in North Little Rock for $3.77 million from Quattro North Little Rock LLC of Oak Brook, Illinois.

Average US 30-Year Mortgage Rate at 4.20 Percent

by Associated Press 9/25/2014 11:37 am

Average long-term U.S. mortgage rates declined slightly this week, after marking their largest one-week gain of the year the previous week.

Community Bankers Group Responds to Wal-Mart's GoBank Checking Accounts

by Lance Turner 9/25/2014 11:05 am

We've reported how banks have cast a wary eye at Wal-Mart's ever-expanding foray into financial services. The retailer unveiled its latest move yesterday: a mobile checking account produced in partnership with Green Dot called GoBank.

Arkansas Banks Continue to Outpace Peers Across District, Nation

by Lee Hogan 9/24/2014 01:41 pm

Arkansas banks continued to outpace its fellow banks in the Eighth District and peer banks across the country in the second quarter, according to the latest numbers from the Federal Reserve Bank of St. Louis' Burgundy Book.

Arkansans Trim Mortgage, Credit Card Debt, Add More Auto Loans

by Lee Hogan 9/24/2014 12:47 pm

Following the national trend, Arkansans lowered their mortgage and credit card debts while auto loans continued to rise in the second quarter, according to the Federal Reserve Bank of St. Louis' Burgundy Book.

'Jobs Now' Summit Examines Growing Skills Gap

by Mark Carter 9/24/2014 07:30 am

Ways to address a growing manufacturing skills gap was the focus of Tuesday's "Jobs Now: Arkansas Works When We Do" summit hosted by the Arkansas State Chamber of Commerce.

Wal-Mart Launching Mobile Checking Account

by Associated Press 9/24/2014 07:24 am

Wal-Mart is launching a mobile checking account for its customers that will eliminate some of the fees charged by banks.

Burgundy Book: Little Rock Zone's Unemployment Rate Lowest Since Great Recession

by Lee Hogan 9/23/2014 02:11 pm

The Little Rock Zone's unemployment rate is at its lowest level since the Great Recession, according to the latest numbers from the Federal Reserve Bank of St. Louis' Burgundy Books.

Latt Bachelor Joins Relyance as Hot Springs Regional President (Movers & Shakers)

by Arkansas Business Staff 9/22/2014 12:00 am

Latt Bachelor is Relyance Bank of Pine Bluff's new regional president for Hot Springs. He was previously regional president of Summit Bank in Hot Springs, which was acquired by Bank of the Ozarks earlier this year.

Landers Auto Dealership Drives $22.1M Toyota Sale (Real Deals)

by George Waldon 9/22/2014 12:00 am

Luther Auto Group's acquisition of Steve Landers Toyota in Little Rock generated a real estate transaction valued at $22.1 million. A former Metropolitan National Bank branch in west Little Rock is under new ownership after a $1.76 million sale. And a 27,832-SF piece of the Arcade Building in downtown Little Rock changed hands in a transaction valued at $1.2 million.

Argenta Community Development Corp. Weighs Its Future

by Mark Friedman 9/22/2014 12:00 am

While Argenta Community Development Corp. of North Little Rock ponders its future — including whether to dissolve — the nonprofit first must deal with a foreclosure lawsuit filed against it last month after defaulting on a $560,000 loan.

8 Former Delta Trust Employees Flock to Eagle Bank

by Arkansas Business Staff 9/22/2014 12:00 am

Barely had the ink dried on the sale of Delta Trust & Banking Corp. of Little Rock to Simmons First National Corp. of Pine Bluff when a flock of staffers flew the coop.

Southern Rice & Cotton Says Turner Grain Bounced Million-Dollar Check

by Arkansas Business Staff 9/22/2014 12:00 am

Last week, Southern Rice & Cotton LLC filed a lawsuit in Poinsett County Circuit Court against Turner Grain Merchandising Inc. of Brinkley and a number of defendants, including Jason Coleman, Turner's vice president, and KBX Inc. of Benton.

Arkansas Business Presents 2014's 'The New Influentials: 20 In Their 20s'

by Gwen Moritz 9/22/2014 12:00 am

Since 2009 Arkansas Business has sought out talented young leaders in our business and nonprofit community to introduce in a feature called The New Influentials: 20 in Their 20s.

Arkansas Business Honors 'Best Places to Work'

by Arkansas Business Staff 9/19/2014 11:07 am

Arkansas Business and the Best Companies Group on Wednesday honored 12 Arkansas companies with "Best Places to Work" awards, which recognize firms that have exceptional workplace environments.

Harrison Bank Files Lawsuit Against Dennis Smiley

by Marty Cook 9/19/2014 08:11 am

Community First Bank of Harrison files a three-count civil lawsuit against former Arvest Bank executive Dennis Smiley Jr. on Thursday.

Court Formalizes Settlement With Banks Over Dennis Smiley Assets

by George Waldon 9/17/2014 03:26 pm

Eighteen lenders were dismissed from the battle over assets once owned by former Arvest Bank executive Dennis Smiley Jr.

Governor's Quality Awards Go to 28 Arkansas Organizations

by Arkansas Business Staff 9/16/2014 08:28 am

The 20th annual event was held at the Marriott Hotel in downtown Little Rock before an audience of more than 400 business and civic leaders. In addition to recognizing the winers, 16 past awards recipients were recognized.

East-Harding Makes Kathy Robinson New CFO (Movers & Shakers)

by Arkansas Business Staff 9/15/2014 12:00 am

Kathy Robinson has been promoted to chief financial officer for East-Harding Construction of Little Rock. She was formerly controller and has worked for East-Harding for more than 10 years.

Harvest Problems Crop Up in Turner Grain President's Bankruptcy Case

by Arkansas Business Staff 9/15/2014 12:00 am

Lee County farmer Keith Wilkison has asked for an emergency hearing in the personal bankruptcy case of Turner Grain President Dale Bartlett so Wilkison can harvest more than 400 acres in Lee County.