Banking & Finance Archive

Home BancShares to Buy Bank of Commerce in Florida

by Lance Turner 11/17/2016 02:18 pm

A bankruptcy court in Florida declares Home BancShares Inc. of Conway the successful bidder to buy The Bank of Commerce, a Florida state-chartered bank that operates in the Sarasota area.

President-elect Not Affecting Economic Outlook

by Alexis Crowe 11/16/2016 11:21 am

Economists are not expecting a new president to have significant effects on the local or national economy and outlook, according to presentations at the Little Rock Economic Briefing on Wednesday.

Report Outlines Possible Changes to Arkansas Tax Code

by Sarah Campbell 11/14/2016 02:10 pm

The Tax Foundation, a national Washington-based nonprofit, releases "Arkansas: A Road Map for Tax Reform," a report on the state's tax code and recommendations for how to change it.

Trustee: Turner Grain Transferred $100M to Related Firms

by Mark Friedman 11/14/2016 12:00 am

Turner Grain Merchandising Inc. of Brinkley transferred nearly $100 million to its related companies a year before it filed for bankruptcy protection, according to lawsuits recently filed by its Chapter 7 trustee.

Home BancShares' Johnny Allison Dropped Hints of Florida Bank Deal

by Arkansas Business Staff 11/14/2016 12:00 am

Chairman Johnny Allison offered a sly comment during a July interview that may have foreshadowed Home BancShares' recent $88.5 million deal for Giant Holdings Inc., the parent of Landmark Bank of Fort Lauderdale, Florida.

Teresa Sutterfield To Manage Mountain View Service for Stone Bank (Movers & Shakers)

by Arkansas Business Staff 11/14/2016 12:00 am

Teresa Sutterfield's 37-year banking career includes positions as assistant vice president and branch manager for First Security Bank and branch manager for the Bank of Mountain View.

UCA Announces $1M Endowment for Study Abroad Programs

by Arkansas Business Staff 11/11/2016 02:48 pm

The University of Central Arkansas in Conway announced on Friday that Bunny and Carol Adcock have established a $1 million endowment for study abroad opportunities.

UALR, Jacksonville High Announce Promise Program

by Arkansas Business Staff 11/11/2016 10:49 am

The University of Arkansas at Little Rock and Jacksonville High School announced this week their new "Jacksonville Promise" program for JHS juniors and seniors, in the graduating classes of 2017-20.

Arkansas Democrats Secure Majority on House Tax Panel

by Associated Press 11/10/2016 05:01 pm

Democrats will have a majority of seats on an Arkansas House panel that will take up any proposals to cut taxes next year, despite the party's ranks thinning in the majority-Republican Legislature.

Medical Marijuana: A Fact of Life for Arkansas Employers (Stuart Jackson Commentary)

by Stuart Jackson 11/10/2016 09:57 am

Arkansas is the latest of many states to allow medical marijuana. What does the new law do, and how will it play out in the Arkansas workplace?

Executive: Wal-Mart Aims to Add More Mobile Payment Options

by Nandita Bose, Reuters 11/8/2016 08:04 am

Wal-Mart Stores Inc. is in talks with several mobile wallet companies to offer more payment options in its Wal-Mart Pay app, an executive at the world's largest retailer said.

Home BancShares Announces $88.5M Florida Bank Buy

by George Waldon 11/7/2016 04:59 pm

The parent company of Centennial Bank today announced the purchase of Giant Holdings Inc., the parent of Landmark Bank of Fort Lauderdale, for $70 million in stock and $18.5 million in cash.

Beebe, Brooks, Hubbard Join UAMS Foundation Fund Board

by Arkansas Business Staff 11/7/2016 10:24 am

Seven new members have been elected to the University of Arkansas for Medical Sciences Foundation Fund Board.

Last Little Rock Allied Bank Branch Set To Close

by Arkansas Business Staff 11/7/2016 12:00 am

Former Allied Bank customers have been notified that the bank branch at 5701 Kavanaugh Blvd. in Little Rock will be closing in late January.

Lazenbys Face Loss Of Homes, Business

by George Waldon 11/7/2016 12:00 am

Centennial Bank of Conway is restarting its $2.6 million foreclosure action against Little Rock real estate investor Ron Lazenby.

Presumed Innocence II (Gwen Moritz Editor's Note)

by Gwen Moritz 11/7/2016 12:00 am

When the U.S. Attorney's Office in Little Rock is involved, the presumption of a defendant's innocence must be more than theoretic, and confidence that the power of the government is being used fairly and wisely must be tempered.”

Pair Promoted at Robert Half (Movers & Shakers)

by Arkansas Business Staff 11/7/2016 12:00 am

Stephanie Shine and Christopher Chunn have been promoted at Robert Half Finance & Accounting in Little Rock.

D1 Development Attracts $3.1 Million Transaction (Real Deals)

by George Waldon 11/7/2016 12:00 am

An affiliate of the Store Capital real estate investment trust in Scottsdale, Arizona, purchased the D1 project at 10 Viewpointe Cove. The seller is WB Sports of Little Rock LLC, led by Will Bartholomew.

Websites Put Banks at Risk Of Lawsuits

by Mark Friedman 11/7/2016 12:00 am

A Pittsburgh law firm accusing banks of not being compliant with the Americans with Disabilities Act has caused warning bells to go off for Arkansas bankers.

Warren Stephens' Alotian Club to Host 2019 Arnold Palmer Cup

by Arkansas Business Staff 11/4/2016 11:33 am

The Alotian Club, a private golf club owned by Little Rock financier Warren Stephens, will host the 23rd Arnold Palmer Cup in 2019.