Banking & Finance Archive

Momentum Jonesboro on Pace to Grow Jobs in Key Sectors

by Todd Traub 1/31/2017 06:00 am

Momentum Jonesboro, the economic development fundraising plan targeting job growth in northeast Arkansas, is on track to reach its $3.7 million goal.

US Pending Home Sales Increased in December

by Associated Press 1/30/2017 11:09 am

More Americans signed contracts to buy homes in December. The increase possibly reflects more people scrambling to purchase homes as mortgage rates have been rising and increasing the costs of ownership.

Trumps Signs Order to Cut Regulations on Business

by Ayesha Rascoe, Reuters 1/30/2017 11:00 am

President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced.

Baptist Health Exec Faces Foreclosure on Conway Ranch, Restaurant

by Arkansas Business Staff 1/30/2017 12:00 am

Trouble is brewing for Joanie White-Wagoner, administrator and vice president at the new $150 million Baptist Health Medical Center-Conway.

Regions Center Ownership Comprised of 32 Companies

by Arkansas Business Staff 1/30/2017 12:00 am

The owners of the 30-story Regions Center in downtown Little Rock have filed a more detailed account of their debts and assets for the building in their Chapter 11 reorganization case.

$4.8M Sale Visits Rogers Warehouse (NWA Real Deals)

by Marty Cook 1/30/2017 12:00 am

Breeden Robinson LLC, led by Larry Breeden, bought the facility from Superior Industries International Arkansas LLC, a subsidiary of Superior Industries of Van Nuys, California.

First Financial Bank Branching Out to Little Rock

by George Waldon 1/30/2017 12:00 am

El Dorado's First Financial Bank is no stranger to the Little Rock market. The $901 million-asset lender has operated a mortgage production office in the capital city since 1984.

One Bank & Trust: Sell or Build Capital Base

by George Waldon 1/30/2017 12:00 am

Little Rock's One Bank & Trust continues to operate under an unusual arrangement more than four years after the ouster of its owner and CEO, Layton “Scooter” Stuart.

Kathy Deck: Slower Growth on Tap for Northwest Arkansas

by Marty Cook 1/27/2017 05:01 pm

Kathy Deck said northwest Arkansas and health care services will be strong points for an otherwise less robust Arkansas job market in 2017. Deck, the director of the Center for Business and Economic Research at the University of Arkansas in Fayetteville, made her remarks at the 23rd annual Business Forecast Luncheon in Rogers.

Crossett Banker Beaty Fined $35,000 for Failing to Report Suspicious Activity

by Arkansas Business Staff 1/27/2017 11:11 am

The consent order that Howard M. Beaty, president and CEO of First State Bank of Crossett, entered with the FDIC on Dec. 15 was made public Friday morning.

Correction: Hempstead County Eyes Bank Building for Courthouse

by Lance Turner 1/27/2017 10:32 am

Southern Bancorp is buying Farmers Bank of Hamburg (Ashley County), and not Farmers Bank & Trust of Magnolia (Columbia County).

Asa Hutchinson Makes Appointments to Boards, Commissions

by Arkansas Business Staff 1/27/2017 08:57 am

Gov. Asa Hutchinson announces the appointments to boards and commissions.

Southern Bancorp to Buy Farmers Bank of Hamburg

by George Waldon 1/25/2017 11:39 am

Southern Bancorp Inc. of Arkadelphia said Wednesday that it will acquire Farmers Bank of Hamburg in a $4.5 million cash-and-stock deal.

Farmers Bank & Trust Names Chris Gosnell CEO

by Arkansas Business Staff 1/24/2017 11:21 am

Farmers Bank & Trust of Magnolia says its board of directors has named Chris Gosnell president and CEO, effective immediately.

Simmons to Buy Fort Worth Bank in Third Deal Since November

by Arkansas Business Staff 1/23/2017 05:06 pm

Simmons First National Corp. of Pine Bluff announced Monday a $462 million cash-and-stock deal to acquire First Texas BHC Inc. of Fort Worth and its $2 billion-asset subsidiary Southwest Bank. "We now have the opportunity to substantially grow our presence in the Fort Worth metropolitan area by joining with one of the best run, most respected financial organizations in Texas," Makris said.

John Rogers' Creditors Line Up For $1.5 Million

by George Waldon 1/23/2017 12:00 am

The battle over the biggest asset remaining from John Rogers' murky business dealings and insolvent ventures begins next week in Little Rock.

Regions Center Consultant: 'Improper Actions' Led to Bankruptcy

by Arkansas Business Staff 1/23/2017 12:00 am

The owners of the 30-story Regions Center in downtown Little Rock weren't able to refinance a $32 million loan before it matured on Sept. 1. That put the owners on the road to bankruptcy court.

Financial Trouble Among Competing Convention Centers Split in Texarkana

by Arkansas Business Staff 1/23/2017 12:00 am

MidSouth Bank of Lafayette will be paid proceeds from the sale of a Texarkana hotel which was sold through the bankruptcy of convention center investor Dr. Hiren Patel.

Ty Matlock Takes Associate Seat with United Federal Credit Union (NWA Movers & Shakers)

by Arkansas Business Staff 1/23/2017 12:00 am

Ty Matlock has been named associate director of the board of directors of United Federal Credit Union, headquartered in St. Joseph, Michigan.

4Q, Full-Year Results Up at Home BancShares

by Lance Turner 1/19/2017 07:06 am

Home BancShares Inc. of Conway on Thursday announced fourth-quarter net income of $48.6 million, up nearly 30 percent from the same time last year. "The annual and quarterly earnings performance for 2016 exceeded expectations," Chairman John Allison said.