Banking & Finance Archive

Tourism Department, Arvest Unveil Specialty Debit Cards

by Arkansas Business Staff 9/7/2016 03:57 pm

The Arkansas Department of Parks & Tourism and Arvest Bank announced on Wednesday that they've created eight limited-edition specialty debit cards that showcase some of the state's most scenic and popular attractions.

Applications For 2017 FinTech Accelerator Now Open

by Arkansas Business Staff 9/7/2016 12:22 pm

Startups can now apply through Oct. 31 to participate in the Venture Center's 2017 FinTech Accelerator, which has been extended until 2018 to the tune of $2 million.

Citizens Bank Adds Don Hale, Tim Byers to Marketing Team

by Arkansas Business Staff 9/7/2016 08:51 am

Citizens Bank of Batesville added two to its marketing team: Don Hale, formerly of the Diamond Agency of El Dorado, and Tim Byers, who has worked for companies including Acxiom Corp. of Little Rock and Merkle Inc. of Baltimore.

First National Bank to Expand Branch in Jonesboro

by Arkansas Business Staff 9/6/2016 11:05 am

First National Bank of Paragould on announces the start of construction on an expansion to its branch at 3500 E. Johnson Ave. in Jonesboro.

Two Former One Bank Execs Set for October Trial

by Arkansas Business Staff 9/5/2016 12:00 am

The knottiest white-collar criminal case in recent memory should finally go to trial next month, but only half of the original defendants will face the jury.

Fiscal Pain Shared By Walter Quinn, Heartland Bank

by George Waldon 9/5/2016 12:00 am

More than five years down the road from the bursting real estate bubble, Little Rock's Heartland Bank and its largest shareholder were battered by loans related to another sector: oil and gas.

Slideshow: 9 Inductees Honored at Arkansas Women's Hall of Fame

by Gwen Moritz 9/5/2016 12:00 am

Eight women and a congregation of Catholic nuns were the second class of inductees honored by the Arkansas Women's Hall of Fame at a banquet in Little Rock on Aug. 25.

State Bank Department Names John Ahlen as Chief Counsel (Movers & Shakers)

by Arkansas Business Staff 9/5/2016 12:00 am

In his new position, Ahlen will be responsible for preparing case strategy and serving as an expert litigator before federal and state courts and agencies.

Arkansas Revenue Lagged in August, Finance Office Says

by Associated Press 9/2/2016 11:23 am

Arkansas finance officials say the state's revenue in August fell below expectations and below the same month last year.

Acxiom Completes $22M Sale of Email Business

by Arkansas Business Staff 9/1/2016 02:48 pm

Acxiom Corp. of Little Rock on Thursday announced that it has completed the sale of its Impact email business to Zeta Interactive of New York City for $22 million.

Jim Cargill Named President, CEO for Arvest Central Arkansas

by Arkansas Business Staff 9/1/2016 10:54 am

Arvest Bank announces the promotion of Jim Cargill to president and CEO for the bank's central Arkansas market. He will succeed CEO John Womack, who will retire on Sept. 30. The market includes more than 450 employees and 32 banking locations.

SPONSORED: Looking At Leadership Through A Different Lens

by 8/30/2016 12:00 am

Key principles in employee management will help achieve much more than bottom-line success.

Scott Reed Faces New Foreclosure Over K Lofts

by Arkansas Business Staff 8/29/2016 12:00 am

IberiaBank of Lafayette, Louisiana, sued to recover more than $1.4 million owed on an original June 2013 loan of $1.3 million to Scott Reed's K Lofts project.

Property, Cash Included in One Bank's Settlement with BHL

by Arkansas Business Staff 8/29/2016 12:00 am

Johnelle Hunt's BHL Financing LLC received assets valued at $2.8 million in its settlement with Little Rock's One Bank & Trust.

Marion Bank Ordered To Pay Letter of Credit Related to Crittenden Regional Bankruptcy

by Arkansas Business Staff 8/29/2016 12:00 am

An insurance company had a straightforward $300,000 commercial letter of credit from First Community Bank of Eastern Arkansas, and that's bad news for the Marion bank with $150.8 million in assets.

Colonial Arms, Oakwood Place Apartments Sell For $5M In Fayetteville (NWA Real Deals)

by Marty Cook 8/29/2016 12:00 am

White Rock Investments LLC, led by Tim Brisiel of Fayetteville, paid $5 million for two apartment complexes.

Wal-Mart's McMillon Tops Compensation List of 100 Arkansas Public Company Execs

by Gwen Moritz 8/29/2016 12:00 am

C. Douglas McMillon, CEO of Wal-Mart Stores Inc., has returned to the No. 1 spot on the annual list of executive compensation at publicly traded companies headquartered in the state.

Madison Health & Rehab Draws $4M Transaction (Real Deals)

by George Waldon 8/29/2016 12:00 am

Dixon Realty LLC of Wood-Ridge, New Jersey, purchased the 140-bed nursing home in south Pulaski County from Trinik Holdings LLC, led by Saeed Niksefat.

Allcorp Follows Acme Holding Into Bankruptcy

by George Waldon 8/29/2016 12:00 am

The Chapter 11 filing by Little Rock's Allcorp Inc. in July marks the third Arkansas bank holding company to enter bankruptcy court in four years.

Federal Reserve Orders Allied Bank to Improve Equity Capital or Sell

by George Waldon 8/22/2016 10:49 am

Allied Bank of Mulberry has been ordered to take action to improve its equity capital or strike a deal to sell during the next 30 days.