Banking & Finance Archive

Bank of Rison Sees Assets Rising

by Arkansas Business Staff 2/9/2015 12:00 am

The Bank of Rison is no longer the smallest bank in Arkansas, and CEO Troy Duke is celebrating with two major developments: a new headquarters building on Main Street and the bank's first branch.

Gander Mountain Sale Peaks Recent Million-Dollar Deals

by Arkansas Business Staff 2/9/2015 12:00 am

Retail, residential and multifamily all were represented in this installment of seven-digit real estate transactions in Pulaski County.

Sibling Dispute Leads to Sale of Farm & Hunting Land in Delta

by George Waldon 2/9/2015 12:00 am

A long-running sibling dispute is culminating this month in a court-ordered sale expected to yield a $50 million-plus transaction.

Ross Baldwin Named Finance Director for Arkansas Alumni Association

by Arkansas Business Staff 2/5/2015 09:00 am

Baldwin is a certified public accountant, certified fraud examiner, certified internal auditor and chartered global management accountant. He previously spent seven years as an auditor with the Arkansas Division of Legislative Audit.

Arkansas Gets $21.5M in Settlement With Standard & Poor's

by Arkansas Business Staff 2/3/2015 10:36 am

The Arkansas attorney general's office said Tuesday that Arkansas will share in a multimillion-dollar settlement that the federal government and 18 other states reached with Standard & Poor's Financial Services.

Entergy Arkansas Elevates Three to Economic Development Team (Movers & Shakers)

by Arkansas Business Staff 2/2/2015 12:00 am

Clarissa McWherter, Chris Murphy and Russell Harris have joined Entergy Arkansas in Little Rock as members of the economic development team.

Benefit Bank Transaction Set At $32M

by George Waldon 2/2/2015 12:00 am

The proposed sale of Fort Smith's Benefit Bank represents a cash transaction of nearly $32.2 million. Ironhorse Financial Group Inc. of Muskogee, Oklahoma, intends to merge the $195 million-asset lender into its Armstrong Bank, which operates 17 full-service locations in eastern and northern Oklahoma.

Mountain Pure Liquidates In $6 Million Transaction (Real Deals)

by George Waldon 2/2/2015 12:00 am

The Arkansas assets of Mountain Pure Water changed hands in a $6 million foreclosure sale. Land for future expansion in North Little Rock weighed in at $1.22 million. And a 2,647-SF bank branch in midtown Little Rock tipped the scales at $1.18 million.

Florida Man Indicted in One Bank Case Could Change Plea

by Arkansas Business Staff 2/2/2015 12:00 am

A Florida man who has pleaded not guilty to one count of bank fraud in connection with a $1.5 million loan from One Bank & Trust of Little Rock is scheduled to change his plea on Feb. 6.

Jonesboro School Files for Bankruptcy, Lists $2.1M in Debts

by Mark Friedman 2/2/2015 12:00 am

Ridgefield Christian School Inc., a private Jonesboro school that serves children from pre-K though the 12th grade, last month filed for Chapter 11 bankruptcy reorganization, listing $2.1 million in debts.

Ownership of Charles Conlon Collection in John Rogers Case Up in the Air

by George Waldon 2/2/2015 12:00 am

The famed collection of major league baseball images captured by Charles Conlon (1868-1945) is among the disputed assets associated with John Rogers. But unlike other collections Rogers purportedly acquired, no one doubts that he obtained an estimated 8,400 glass plate negatives produced by Conlon.

Cards Seized During John Rogers FBI Raid Tied to $6M 'Purchase,' Questions of Authenticity

by George Waldon 2/2/2015 12:00 am

Some of the material that federal agents carried away as evidence on Jan. 28 a year ago came from an area of his North Little Rock enterprise not solely under his control: a double-lock safe that also required First Arkansas Bank & Trust officials to open.

Report: State Jobless Rate Down to 5.7 Percent

by Mark Carter 1/27/2015 09:35 am

Arkansas' unemployment rate fell to 5.7 percent in December, dropping two-tenths of a percentage point from November, according to a report from the state Department of Workforce Services.

Arvest Mortgage CEO Bill Roehrenbeck Joins PNC Bank of Delaware

by Arkansas Business Staff 1/26/2015 12:00 am

Bill Roehrenbeck, chairman and CEO of Arvest Mortgage Co. and Central Mortgage Co., has left to join PNC Bank of Wilmington, Delaware.

Central Arkansas Regains Jobs Lost During Recession

by Arkansas Business Staff 1/26/2015 12:00 am

Metroplan last month released its latest “Metro Trends: Economic Review and Outlook,” which examines what it calls “the new economy” in central Arkansas in the aftermath of the Great Recession.

Newly Renamed Anstaff Bank Plans Growth

by Marty Cook 1/26/2015 12:00 am

The former First National Bank of Green Forest changes its name as part of an expansion mode, moving outside of its historic base of operations with a nongeographic label in its name. Anstaff has nine branches in Carroll, Boone, Madison and Newton counties.

Arkansas' Biggest Deals of 2014 Soar While Value Slips

by Jan Cottingham 1/26/2015 12:00 am

The mergers and acquisitions spigots were opened wide last year in Arkansas. The number of big deals — those valued at $9 million or more — soared 38 percent, increasing to 101 in 2014 compared with 73 in 2013.

How A Trans-Atlantic Investment Scam Ensnared Credit Union President Joyce Judy

by Gwen Moritz 1/26/2015 12:00 am

The following story of how the president of a small credit union in Little Rock was ensnared in an international investment scam was pieced together from depositions and exhibits filed in the North Carolina civil case and from official documents filed in the criminal cases.

Simmons First 4Q Earnings Reach $12.6M

by Lance Turner 1/22/2015 09:37 am

Simmons First National Corp. of Pine Bluff reports a 234 percent increase in fourth-quarter earnings, as the financial holding company integrated recent acquisitions, added to revenue streams and controlled expenses.

HoganTaylor Foundation Accepting Grant Applications from Nonprofits

by Arkansas Business Staff 1/19/2015 12:49 pm

The HoganTaylor Foundation, run by HoganTaylor LLP of Tulsa, wants to help nonprofits.