Banking & Finance Archive

Arkansas Chamber of Commerce Announces New Leadership Class

by Arkansas Business Staff 9/18/2015 11:41 am

The Arkansas State Chamber of Commerce/Associated Industries of Arkansas on Friday announced the 57 new members of its Leadership Arkansas Class X.

Fed Leaves Key Interest Rate Unchanged, Citing Low Inflation

by Associated Press 9/17/2015 01:04 pm

The Federal Reserve is keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.

Arkansas Governor's Quality Award Winners Announced

by Arkansas Business Staff 9/16/2015 08:00 am

Gov. Asa Hutchinson recognized winners at the Governor's Quality Award Program held at the Marriott Hotel in Little Rock. North Arkansas College of Harrison took top honors in receiving the Governor's Award for Performance Excellence.

Birch: First Phase of Little Rock Tech Park to Open in Fall 2016

by Mark Carter 9/15/2015 03:19 pm

The first phase of the planned Little Rock Technology Park is targeted to open in the fall of 2016 with 40,000-SF of incubator and office space at 417 Main, Tech Park Executive Director Brent Birch said Tuesday.

As Fed Meets, Decision on Rate Hike Seems Like a Toss-Up

by Associated Press 9/15/2015 11:42 am

Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero. Unless they don't.

Southern Bancorp Awarded $2M by Treasury CDFI Fund

by Arkansas Business Staff 9/15/2015 09:34 am

Southern Bancorp Inc. is awarded $2 million, the maximum available under the Financial Assistance program of the U.S. Treasury's CDFI Fund.

Of Banks and the AFCU (Feedback)

by B. Dan Berger 9/14/2015 12:00 am

The misinformation employed by the Arkansas Bankers Association to exclude Arkansas Federal Credit Union from the bidding process for the Little Rock Technology Park community development project is reprehensible. The ABA put politics above the potential jobs and economic growth of the community, which speaks volumes about its self-serving agenda.

Brick-and-Mortar Banking: Physical Presence in a Virtual World

by Arkansas Business Staff 9/14/2015 12:00 am

Despite the increasing dominance of online banking, financial institutions in the United States have continued to rely on physical offices, according to the FDIC Quarterly, which recently examined long-term trends in banking offices from 1935 to 2014.

Bankers See Growth In Commercial Real Estate

by Arkansas Business Staff 9/14/2015 12:00 am

Banks have been finding most of their growth in loans to businesses and commercial real estate, a recent survey by Bank Director magazine found.

Mayor Mark Stodola Looks to Keep Main Street Makeover Moving

by George Waldon 9/14/2015 12:00 am

A mix of retail and of-fice buildings that decades ago were part of the city's historic commercial core have combined with new construction to recast a string of properties. A foundation of restaurants, apartments and the performing arts will be joined by a high-rise hotel redevelopment and the Little Rock Tech Park.

Flake & Kelley's Matthew Dearnley Sees More Preleasing, Money Upfront on NWA Properties

by Arkansas Business Staff 9/14/2015 12:00 am

Matthew Dearnley, the CEO of Flake & Kelley Commercial Northwest, says the northwest Arkansas market has reached a point of possible correction, with certain areas overbuilt.

Countdown Ticks: Cash Or Court for One Bank & Trust?

by George Waldon 9/14/2015 12:00 am

The third anniversary of the regulator-mandated regime change at Little Rock's One Bank & Trust is approaching. The national bank has endured a tumultuous ride since Layton “Scooter” Stuart was removed as chairman, president and CEO on Sept. 28, 2012.

One Bank & Trust Lawsuit Moves to Federal Court

by Arkansas Business Staff 9/7/2015 12:00 am

The legal donnybrook was started by Donna Adams, former senior vice president at Little Rock's One Bank & Trust. She sued the bank, its president and CEO, Jerry Pavlas, and its chief financial officer James Schnoes.

A Decision To Make (Editorial)

by Arkansas Business Editors 9/7/2015 12:00 am

In the wake of an opinion issued by state Attorney General Leslie Rutledge, Arkansas property owners and tenants — including individuals, churches and businesses — have another decision to make: Will you allow the open carry of firearms?

Mark Barnett Added To Manage Audits at Jones & Co.

by Arkansas Business Staff 9/7/2015 12:00 am

Mark P. Barnett Jr., a certified public accountant, has been hired as an audit manager with Jones & Co. Ltd. in Jonesboro. Barnett's areas of expertise include external audits of small businesses, construction companies and financial institutions as well as small business consulting.

Fayetteville Businessman Gets 1 Year for Defrauding First Security Bank

by Gwen Moritz 9/4/2015 12:59 pm

Former Fayetteville businessman Andrew C. Judkins was sentenced Thursday to 12 months in federal prison and ordered to pay $438,500 in restitution for two counts of bank fraud.

Arvest Puts Matt Kendall, Kathleen Craig in New Posts

by Arkansas Business Staff 9/3/2015 11:50 am

Arvest Bank promoted Matt Kendall to executive director of its mortgage operations, and it hired Kathleen Craig to fill his previous role as director of mortgage productions operations.

Beige Book Indicates Economic Growth in St. Louis District

by Arkansas Business Staff 9/2/2015 02:04 pm

Economic activity in the St. Louis District has continued to increase at a moderate pace since the previous "Beige Book" in July and year-over-year home sales in June increased 7 percent in Little Rock.

Southern Bancorp Community Partners Raises $2.5M to Expand Loans

by Arkansas Business Staff 9/1/2015 10:38 am

Southern Bancorp Community Partners has raised $2.5 million toward a $5 million goal to expand its revolving loan fund for underserved communities in Arkansas and Mississippi.

Bentonville Retains Top Spot on ATBI

by Mark Carter 9/1/2015 09:33 am

Bentonville retains its spot atop the Arkansas Tech Business Index, while eight of the 18 cities listed on the index finished the second quarter of 2015 with a rating greater than 100.