Banking & Finance Archive

FDIC Sues Members of Acme's Golden Family over Unpaid Loans

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

The president of Allied Bank's Acme Holding Co. and his sister are the subjects of federal lawsuits. The Federal Deposit Insurance Corp. sued Alex Golden and Amy Golden McCay in U.S. District Court in Atlanta over delinquent loans totaling more than $1 million.

Forrest City Financial Poised to Sell For $2.7M

by George Waldon 9/29/2014 12:00 am

The countdown to the $2.75 million sale of Forrest City Financial Corp. is nearing zero. The purchase by Cross County Bancshares Inc. of Wynne should close in October when the final regulatory approvals are expected, according to David Dowd, president and CEO of CCBI.

Fayetteville Site Draws Starbucks (NWA Real Deals)

by Marty Cook 9/29/2014 12:00 am

The word that Starbucks is coming to Wedington Drive in west Fayetteville is now official, and the coffee shop is bringing some dental care, too.

Otter Creek Mall Development Decades in the Making

by George Waldon 9/29/2014 12:00 am

Once upon a time, the current site of the Gateway Town Center and Bass Pro developments was slated to be part of a grand 1.1 million-SF regional mall development. The fabled Otter Creek Mall never achieved escape velocity from its drawing board concept unveiled on April Fool's Day in 1980.

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.

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.

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.

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.

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.

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.

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.

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.

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