Banking & Finance Archive

National Charter Conversions to State a One-Way Street

by Gwen Moritz 1/18/2016 12:00 am

Most regulated industries don't get to choose who regulates them, but, to a limited degree, banks do. And while the door can swing both ways, in reality the traffic has flowed in one direction: converting from national charters to state charters.

US Bank's Michael A. Shelley on Banking in Arkansas, Singing in Alabama

by Arkansas Business Staff 1/18/2016 12:00 am

As State President of U.S. Bank, Michael A. Shelley is responsible for commercial, consumer and trust banking throughout Arkansas. He has more than 30 years of experience as a commercial banking executive, corporate CFO and CPA.

Bank of the Ozarks Reports Record 4Q Net Income

by Arkansas Business Staff 1/14/2016 04:23 pm

Bank of the Ozarks Inc. of Little Rock on Thursday announced record fourth-quarter net income of $51.5 million, up 48 percent from the same quarter last year. It also said full-year net income was a record $182.3 million, up 54 percent from $118.6 million for the full year of 2014.

US Chamber of Commerce Sees Many Risks For 2016

by Associated Press 1/14/2016 11:30 am

America's most influential business lobby says American businesses are facing numerous risks and few upsides as they enter 2016.

Heartland Foundation Gives $105K to Nonprofits

by Alexis Hosticka 1/13/2016 10:17 am

Heartland Foundation, the charitable outlet of Heartland Bank, contributed $105,00 dollars to 13 nonprofits in 2015.

Bank of the Ozarks to Buy WLR Land for New Headquarters

by George Waldon 1/12/2016 04:12 pm

Bank of the Ozarks has put about 44 acres under contract for a new corporate headquarters campus in west Little Rock. The company intends to pay $12.7 million for property on the western end of The Ranch. First-phase construction of a 180,000-SF building is expected to begin late this year or early 2017.

Centennial Bank Acquires Former John Rogers Properties in Auction

by Arkansas Business Staff 1/11/2016 12:00 am

Centennial Bank of Conway recovered four North Little Rock properties formerly owned by alleged fraudster John Rogers and his ex-wife, Angelica.

Another OneFinancial Asset Eyed by Johnelle Hunt's BHL

by Arkansas Business Staff 1/11/2016 12:00 am

BHL Financing is making a claim on $1.2 million worth of trust-preferred shares issued by West Tennessee Bancshares Inc., holding company for the $337 million-asset Bank of Bartlett.

Crittenden County Hopes to Build New $21M Hospital

by Mark Friedman 1/11/2016 12:00 am

If Crittenden County voters approve a tax measure on March 1, an approximately $21 million hospital will be built to replace the bankrupt Crittenden Regional Hospital, which has been closed since September 2014.

Marty Sellars Assumes CEO Role at FNBC Bank (Movers & Shakers)

by Arkansas Business Staff 1/11/2016 12:00 am

Marty Sellars was promoted to CEO and president of FNBC Bank of Ash Flat effective Jan. 1, succeeding Martin Carpenter, who retired after 30 years as CEO..

2015: The Year in Executive Q&A

by Gwen Moritz 1/4/2016 12:00 am

This week, for the second time, Arkansas Business offers a compilation that appeals to the universal interest in other people: all 50 of 2015's “Executive Q&A” features in the first issue of Arkansas Business for 2016.

No Daily Report, Morning Roundup on Friday

by Arkansas Business Staff 12/31/2015 07:59 am

Arkansas Business will not send the Daily Report and Morning Roundup on Friday, New Year's Day.

Burgundy Book: Manufacturing Struggles, Retail Construction Strong

by Alexis Hosticka 12/22/2015 10:39 am

According to a November survey of business contacts, 48 percent expect that economic conditions in 2016 will be somewhat better than in 2015.

Sibling Land Dispute, Glasgow Discovery Drove Clicks in 2015

by Lance Turner 12/21/2015 12:01 am

A long-running sibling dispute involving the national president of Ducks Unlimited that culminated in a multimillion-dollar land sale was the most-read story on ArkansasBusiness.com in 2015.

Allens Inc. Cited by USDA for Unpaid Produce

by Arkansas Business Staff 12/21/2015 12:00 am

Bankrupt Allens Inc. of Siloam Springs has been cited by the U.S. Department of Agriculture for failing to pay for $9.8 million worth of produce.

Centennial Bank Submits Plans for Midtown Branch in NYC

by Arkansas Business Staff 12/21/2015 12:00 am

Centennial Bank's plans for a commercial loan operation housed in New York are continuing to develop.

Arkansas Business Looks Back at Notable Deaths of 2015

by Arkansas Business Staff 12/21/2015 12:00 am

John Paul Hammerschmidt, Buddy Sutton, Dick Bell, Jim Gaston, Bill Valentine and John Correnti were among the Arkansas political, business and sports leaders who died in 2015.

‘We Were All Going To Get Rich': Arkansas Business' Best Quotes of 2015

by Arkansas Business Staff 12/21/2015 12:00 am

It's what they said: A look back at the spoken gems from some of the biggest newsmakers of the year in Arkansas.

Arkansas Business Presents The Best & Worst of 2015

by Arkansas Business Staff 12/21/2015 12:00 am

From truths to tall tales, Arkansas Business takes a look at the highs and lows of 2015.

Buying Sprees of Arkansas Banks Tops List of Top 10 Arkansas Business Stories of 2015

by George Waldon 12/21/2015 12:00 am

The acquisition trail was well traveled by Arkansas lenders in 2015, with the most prominent destinations for new deals lying in Georgia, Florida and Missouri.