Banking & Finance Archive

Fort Smith Keeps Top Spot in Arkansas Tech Business Index

by Arkansas Business Staff 5/6/2015 08:45 am

Fort Smith retained the top spot in the latest Arkansas Tech Business Index, released Wednesday. It has led the index in 10 of the 14 months Tech has produced the ATBI.

Get Tickets Now to Arkansas Business Power Breakfast on Women Business Leaders

by Arkansas Business Staff 5/4/2015 10:48 am

Tickets are available to the next Arkansas Business Power Breakfast, which features experts who will share strategies on recruiting, retaining and inspiring women in the workplace to be leaders.

Rex Nelson Joins Simmons First as Director of Corporate Communications

by Gwen Moritz 5/4/2015 10:11 am

Rex Nelson will leave his job as president of Arkansas Independent Colleges & Universities at the end of May to become director of corporate communications for Simmons First National Corp. of Pine Bluff.

Judge Finds Arvest Violated Bankruptcy Code by Firing Employee

by Arkansas Business Staff 5/4/2015 12:00 am

U.S. Bankruptcy Judge Ben Barry has ordered back pay for David Dwelle of Arkadelphia, who challenged his firing from an Arvest subsidiary because he couldn't repay a credit card issued by Arvest Bank.

Bank of Rison Seeks Rebranding to Gateway Bank

by Arkansas Business Staff 5/4/2015 12:00 am

The Bank of Rison is the second-smallest bank in the state, but its owners — CEO Troy Duke and Hot Springs businessman LR Gardner — have aspirations.

Turner Grain's Dale Bartlett Receives Chapter 7

by Arkansas Business Staff 5/4/2015 12:00 am

Dale C. Bartlett has his Chapter 11 bankruptcy reorganization converted to a Chapter 7 liquidation — and not everyone's happy about it.

Nathan Rutledge Promoted at Crews & Associates

by Arkansas Business Staff 5/4/2015 12:00 am

Nathan Rutledge has worked in the public finance department at Crews & Associates of Little Rock since 2009 in roles that have included in-house attorney, investment banker, financial analyst and business development officer.

Executive Moves Made at Simmons First Investment Group (Movers & Shakers)

by Arkansas Business Staff 5/4/2015 12:00 am

Carolyn May has joined Simmons First Investment Group in Little Rock and Ken Adams, David Seay, Joe France, Reed Willett and Angela Johnson have been promoted.

Sue Owens on the Educational Impact of Economics Arkansas

by Arkansas Business Staff 5/4/2015 12:00 am

After more than 20 years in banking, Sue Owens became executive director of Economics Arkansas — then known as the Arkansas Council on Economic Education — in 2004.

The Underbanked (Editorial)

by Arkansas Business Editors 5/4/2015 12:00 am

There are an awful lot of Arkansans who are “unbanked” and “underbanked,” and there's FDIC data about that too. A report released in October found that, as of 2013, 12.3 percent of our state's residents had no relationship with a bank at all, and another 25.7 percent had bank accounts but also relied on alternative — often very expensive — financial services. That's 38 percent of our state, much higher than national averages (7.7 percent unbanked and 20 percent underbanked).

Partners Work To Revive Back Yard Burgers Brand

by Jan Cottingham 5/4/2015 12:00 am

Josh Powell and his father, Gifford, are working to revive a brand once popular in central Arkansas: Back Yard Burgers.

Holiday Inn Express Visited by $6M Deal (Real Deals)

by George Waldon 5/4/2015 12:00 am

A 138-room hotel in east Little Rock weighed in at $6 million. A 50-room motel in southwest Little Rock changed hands in a $900,000 sale. And a 1,843-SF Little Rock liquor store rang up a $297,929 deal.

Consolidation Pares Roster of Arkansas Banks

by Gwen Moritz 5/4/2015 12:00 am

2014 started with 120 separate banks chartered in Arkansas and ended with 109. Two have become inactive in 2015.

Outside Credit Unions Expand in Arkansas

by Gwen Moritz 5/4/2015 12:00 am

Eleven credit unions chartered outside Arkansas operate branches inside the state. Most are still associated with specific employers — think FedEx Employees Credit Association in Harrison, Eaton Family Credit Union in Searcy and L'Oreal USA Federal Credit Union in North Little Rock — but some are expanding their membership and their branch networks.

Slideshow: 125 Years of Arkansas Bankers Association Leadership

by Gwen Moritz 5/4/2015 12:00 am

Among Arkansas businesses that have lasted more than 100 years, at least two dozen are trade associations and chambers of commerce. Among them: the Arkansas Bankers Association, founded in 1891 and marking this week its 125th annual convention in Little Rock.

New Offer Ready, But Will Money Materialize for John Rogers Collection?

by George Waldon 5/4/2015 12:00 am

John Rogers has been working closely with a would-be buyer of his former sports memorabilia and photo archive, according to a sworn deposition given by one of his many creditors. The proposal, $28 million in cash plus stock, is awaiting court review. It isn't the first problematic business deal visited on Arkansas by Tim Holly and his Red Alert Media Matrix Inc.

April Economic Report Suggests Slow Growth Ahead in Midwest

by Associated Press 5/1/2015 07:33 am

A new monthly survey report says April results suggest that slow economic growth remains ahead for nine Midwestern and Plains states.

Bear State Financial Discloses Raises for Executives, Sets Meeting Date

by George Waldon 4/29/2015 04:46 pm

Bear State Financial Inc. released its annual proxy statement and announced its annual shareholders meeting to be held May 29 at the company's Harrison headquarters.

Matthew Sweet, Former One Bank Controller, Sentenced to Probation

by Gwen Moritz 4/29/2015 04:03 pm

Federal prosecutors agreed to seek no prison time for Sweet, who had repaid One Bank for $110,000 embezzled to pay his personal credit cards.

Simmons First Announces Deal to Buy Missouri Trust Company

by Gwen Moritz 4/29/2015 03:30 pm

Simmons First National Corp. of Pine Bluff will pay approximately $20.7 million in cash and stock for Ozark Trust & Investment Corp. and its wholly owned subsidiary, Trust Co. of the Ozarks, both of Springfield, Missouri.