Banking & Finance Archive

Arvest, Bear State Transaction Progresses

by Arkansas Business Staff 4/9/2018 12:00 am

The biggest bank buy to date for Fayetteville's Arvest Bank is headed for completion around April 20 at last report. But some loose ends are still in play.

Bank of Cave City, First Security Branching Out

by George Waldon 4/9/2018 12:00 am

Bank of Cave City is entering the Independence County market for the first time while First Security Bank is planning to build a new branch in Sherwood.

Arkansas Sees Increase in Personal Income

by Arkansas Business Staff 4/9/2018 12:00 am

Personal income in Arkansas rose 3.2 percent in 2017, the U.S. Bureau of Economic Analysis reported late last month. That increase beat the average for all the states of 3.1 percent.

Alcoa Credit Union Adds Cheryl Lucier-Tullos (Movers & Shakers)

by Arkansas Business Staff 4/9/2018 12:00 am

Cheryl Lucier-Tullos has been hired as vice president of finance and accounting for the Alcoa Community Federal Credit Union in Benton.

Update: BB&T to Acquire Regions Insurance

by Gwen Moritz 4/6/2018 11:46 am

BB&T Corp., a financial services holding company based in North Carolina, announced Friday that its insurance brokerage subsidiary, BB&T Insurance Holdings Inc., would acquire Regions Insurance, which has a large presence in Arkansas.

Chad May Named CEO of Armor Bank Ahead of Central Arkansas Expansion

by Gwen Moritz 4/6/2018 11:10 am

The Forrest City bank, owned by Mark and Nathan Waldrip, plans to expand into central Arkansas, where May will continue to be based.

Long-Term US Mortgage Rates Fall; 30-Year at 4.4 Percent

by Associated Press 4/5/2018 09:20 am

Long-term U.S. mortgage rates fell this week, benefiting potential homebuyers with the spring buying season underway.

Little Rock Broker Named to St. Louis Fed's Real Estate Council

by Arkansas Business Staff 4/4/2018 08:52 am

Greg Joslin of Little Rock has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis.

Boss Hogg 2.0 (Gwen Moritz Editor's Note)

by Gwen Moritz 4/2/2018 12:00 am

Even after Allied Bank was shut down by the Arkansas State Bank Department in 2016, I wasn't expecting a 40-page report from the Office of Inspector General. But Allied was special.

Quinn Says Gibbons Promissory Note Already Paid

by Arkansas Business Staff 4/2/2018 12:00 am

That promissory note, assigned to Tom Gibbons on Aug. 29, 2016, originally was held by Lex Golden, the former controlling party of defunct Allied Bank.

U.S. Personal Saving Rate Near Historic Low

by Arkansas Business Staff 4/2/2018 12:00 am

Although the personal saving rate in the United States ticked up in January to 3.2 percent, up from 2.5 percent in December, it remains near historic lows.

Simmons Bank: Darren McFadden Gave Adviser Bank Access

by Mark Friedman 4/2/2018 12:00 am

Simmons First National Corp. has denied any wrongdoing in its handling of the bank account of Darren McFadden, the former Arkansas Razorback and NFL player. McFadden has blamed the Pine Bluff bank for failing to warn him about more than $10 million in cash withdrawals and transfers by his financial adviser.

How the Goldens Ruled: Fed Report on Allied Notes Self-Dealing, Insider Abuse

by George Waldon 4/2/2018 12:00 am

The narrative of the report is dominated by criticism of the Goldens, by title rather than name, and the bank board they held sway over.

$8.5M Transaction Visits Residence Inn (Real Deals)

by George Waldon 4/2/2018 12:00 am

The 96-room Residence Inn by Marriott in west Little Rock was the big ticket item of three recent hotel sales in Pulaski County.

Mark Skelton to Support FNBC Small Business Expansion (Movers & Shakers)

by Arkansas Business Staff 4/2/2018 12:00 am

Mark Skelton has been promoted to vice president and senior commercial lender for FNBC Small Business in Batesville.

Adam Mitchell of Citizens Bank Says Expansion in Arkansas Will Come Naturally

by Arkansas Business Staff 4/2/2018 12:00 am

Adam Mitchell talks about his recent move from Simmons Bank to Citizens Bank as president and chief lending officer.

Long-Term US Mortgage Rates Move Little; 30-Year at 4.44 Percent

by Associated Press 3/29/2018 10:54 am

Long-term U.S. mortgage rates moved little this week after a months-long stretch of increases.

US Home Prices Post 6.2 Percent Annual Gain in January

by Associated Press 3/27/2018 09:08 am

U.S. home prices posted another big gain in January, pushed higher by a shortage of homes for sale.

Survey of Business Economists Finds Growing Optimism

by Associated Press 3/26/2018 11:29 am

Business economists are expressing optimism that tax cuts and increased government spending will accelerate economic growth over the next two years.

Tom Gibbons Fires Latest Shot in Walter Quinn Disputes

by Arkansas Business Staff 3/26/2018 12:00 am

A new lawsuit has been filed against Walter Quinn and his Quinn Investments Ltd. and Quinn Management Co.