Banking & Finance Archive

Testimony: Arvest Bank Was Jim Bolt's Biggest Victim

by Gwen Moritz 6/24/2014 11:04 am

The Fayetteville bank had to make good on a guarantee it issued when Bolt fraudulently claimed $1.9 million in assets held as unclaimed by the state of California, an FBI agent testified Monday.

Burgundy Book: Slight Economic Improvement in Arkansas

by Mark Carter 6/24/2014 09:07 am

According to a May survey of business leaders in the state, the near-term outlook for the Little Rock zone improved slightly.

Bank-Owned Property Draws $3.9M Buyer (Real Deals)

by George Waldon 6/23/2014 12:00 am

A 49,100-SF office building in west Little Rock weighed in at $3.9 million. A four-building, 22,912-SF office project in west Little Rock changed hands in a nearly $1.66 million transaction.

Don McDonald of Merrill Lynch Honored as Top Financial Adviser by Financial Times

by Arkansas Business Staff 6/23/2014 12:00 am

Don McDonald was recently named one of the 2014 Top 400 Financial Advisers by the Financial Times. The honor is given to financial advisers who show excellence as professionals for high net-worth clients.

Kevin Huchingson of Colliers on What Makes Commercial Real Estate in Arkansas Attractive

by Arkansas Business Staff 6/23/2014 12:00 am

Kevin Huchingson is president and CEO of Colliers International Arkansas, a commercial and residential real estate services firm. He's been a principal there since 1997 and has led Arkansas' Colliers offices since 2002.

Arkansas Business Presents the 40 Under Forty Class of 2014

by Gwen Moritz 6/23/2014 12:00 am

This week, Arkansas Business presents its 21st class of 40 Under 40 honorees. This year's honorees represent our state's geography — Pine Bluff, England, Jonesboro, Conway, Fort Smith, Rogers — and the diversity of our business community — farming, finance, medicine, academia, nonprofits.

Pay Tops $1 Million For Seven on Highest-paid Nonprofit Employees List

by Gwen Moritz 6/16/2014 12:00 am

Seven nonprofit employees in Arkansas who earned more than $1 million in the 2012 tax year are either medical doctors or hospital administrators, as are the vast majority of the 262 nonprofit employees whose compensation exceeding $215,000 is reported in this issue.

Federal Tax Credits Help Our House Build Center

by Mark Friedman 6/16/2014 12:00 am

Our House Inc.'s $5 million Children's Center that opened June 7 was paid for with help from New Markets Tax Credits.

Chateau West Moves In $2.8 Million Sale (Real Deals)

by George Waldon 6/16/2014 12:00 am

The sale of a 141-unit apartment complex in south Little Rock weighed in at $2.86 million. A carwash in downtown Little Rock is under new ownership after a $491,000 sale. And a 1,744-SF office building in west Little Rock changed hands in a $300,000 deal.

Simmons' Susan Smith Recognized by National Association of Corporate Directors

by Arkansas Business Staff 6/16/2014 12:00 am

Susan F. Smith, executive vice president of corporate strategy and performance and corporate board secretary of Simmons First National Corp. of Pine Bluff, Susan Smith was recently named a National Association of Corporate Directors fellow.

Jerry Bullard Named CEO of First Financial Bank of El Dorado

by Arkansas Business Staff 6/12/2014 10:03 am

Jerry Bullard, COO of First Financial Bank of El Dorado, has succeeded Steve Cameron as CEO of the lender, the bank said Thursday.

Bear State Buy Poised To Take Assets to $1.5B

by George Waldon 6/9/2014 12:00 am

Bear State Financial Inc. of Harrison, recently renamed from First Federal Bancshares of Arkansas, is days away from almost tripling its size with the pending acquisition of First National Security Co. of Hot Springs.

Acme Creditors Oppose 3-Branch Sale, Say Allied Assets Should Be Separate

by George Waldon 6/9/2014 12:00 am

A proposed $2 million sale of three of Allied Bank's six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock.

Tamika Edwards Joins Arkansas Advocates for Children & Families (Movers & Shakers)

by Arkansas Business Staff 6/9/2014 12:00 am

Tamika Edwards, director of public policy at Southern Bancorp Community Partners, has been hired as director of governmental affairs at Arkansas Advocates for Children & Families, based in Little Rock. Edwards was selected as an Arkansas Business 40 Under 40 honoree in 2010.

Moses & Tucker Lead Refinancing of River Market Tower

by Arkansas Business Staff 6/9/2014 12:00 am

Did you know the River Market Tower in downtown Little Rock is built on a new financial foundation? The ownership group, led by developers Jimmy Moses and Rett Tucker, bought the project's debt from an affiliate of the The Broe Group of Denver for an undisclosed sum.

First Federal Bancshares Changes Name to Bear State Financial

by George Waldon 6/3/2014 10:55 am

First Federal Bancshares of Arkansas Inc. of Harrison is now Bear State Financial Inc. The name change approved by shareholders on March 21 became effective Tuesday.

What's Got Into Simmons? (Editorial)

by Arkansas Business Editors 6/2/2014 12:00 am

We were as surprised as anyone else to hear that Simmons First National Corp. had announced its third acquisition of 2014, even before the first (of Delta Trust & Bank) and second (of First State Bank of Union City, Tennessee) had been completed.

Got Cash? (Craig Douglass On Consumers)

by Craig Douglass 6/2/2014 12:00 am

Are some entities suffering by not adding to their payment options? The answer, of course, is yes.

Arvest Names Tom Dame President in North-Central Arkansas

by Arkansas Business Staff 6/2/2014 12:00 am

Tom Dame has been named local bank president for Arvest Bank in north-central Arkansas. He replaces former bank president Jerry Cunningham, who left in late April. Arvest Bank-NCA has branches in Harrison, Lead Hill (Boone County), Yellville, Bull Shoals (Marion County), Flippin, Mountain Home and West Plains, Missouri.

Simmons First Seeks Foreclosure on Funk

by Arkansas Business Staff 6/2/2014 12:00 am

Simmons First National Corp. of Pine Bluff has filed suit against a local manufacturer for some unpaid loans. According to the suit, filed in Pulaski County Circuit Court, the defendant is O.D. Funk Manufacturing Inc., a company that builds outdoor metal buildings like storage sheds and carports.