Banking & Finance Archive

Batesville Chamber, Citizens Bank Plan Women in Business Leadership Conference

by Arkansas Business Staff 8/11/2015 09:36 am

The Batesville Area Chamber of Commerce said Tuesday that Citizens Bank will present the area's first Women in Business Leadership Conference in October.

Conner Eldridge Suggested as Potential Challenger to Boozman in '16

by Arkansas Business Staff 8/10/2015 12:00 am

If you were thinking Republican U.S. Sen. John Boozman might go unchallenged by a Democrat in 2016, think again. The calls that Ross Whipple of Arkadelphia has been making lead us to believe that his son-in-law, W. Conner Eldridge Jr., has moved past the thinking stage and will soon announce his candidacy.

Watergate Apartments Draw $7.8 Million Sale (Real Deals)

by George Waldon 8/10/2015 12:00 am

The sale of a 148-unit apartment complex in Little Rock tipped the scales at $7.8 million.

Centennial Bank Forecloses on Loan for John Rogers Home

by George Waldon 8/7/2015 11:30 am

Centennial Bank of Conway foreclosed on delinquent loans totaling nearly $3.5 million to alleged fraudster John Rogers and his ex-wife, Angelica.

Nightmare on Main Street (U.S. Reps. French Hill and Stephen Fincher Commentary)

by French Hill and Stephen Fincher 8/4/2015 08:30 am

U.S. Reps. French Hill (R-Ark.) and Stephen Fincher (R-Tenn.) write on the fifth anniversary of the Dodd-Frank banking reforms and its effect on small and medium-sized financial institutions and consumers.

What $100 Means in Arkansas: A State-by-State Analysis

by Arkansas Business Staff 8/3/2015 12:00 am

The Tax Foundation, a nonprofit that studies tax policy, last month published a map showing the real value of $100 in each state in the country.

Regions Insurance's Fred Stone on the Most Important Item Your Company Should Protect

by Arkansas Business Staff 8/3/2015 12:00 am

In 2005, Fred Stone became CEO of Rebsamen Insurance, which changed its name in December 2007 to Regions Insurance. Stone lives in Rogers and commutes most weeks to Little Rock.

Mark Wilson Promoted to SVP/Chief Credit Officer at First Arkansas Bank & Trust (Movers & Shakers)

by Arkansas Business Staff 8/3/2015 12:00 am

Mark Wilson, who has been with First Arkansas Bank & Trust of Jacksonville since 2001, has been promoted to senior vice president and chief credit officer. Since he joined the bank as a loan officer, Wilson has been involved in supervising online banking, debit cards and the Customer Service Call Center.

Southern Bank Now Offering Security App

by Austin DuVall 8/3/2015 12:00 am

Southern Bank — a $1.3 billion financial institution based in Missouri, but with locations in seven Arkansas cities — has launched CardValet, a security service in mobile app form allowing customers to control “when, where and how” their credit or debit card is used, a bank news release said.

Bear State Posts $2.5M Profit in 2Q

by Mark Carter 7/31/2015 02:37 pm

Bear State Financial Inc. of Little Rock, the publicly traded holding company for Bear State Bank, announced Friday second quarter 2015 earnings of $2.5 million.

Mary Beth Brooks: Farmers & Merchants' Offer a 'Surprise' But Made Sense

by Gwen Moritz 7/31/2015 11:56 am

Selling the Bank of Fayetteville wasn't urgent, CEO Mary Beth Brooks said Friday morning, but after Farmers & Merchants Bankshares of Stuttgart expressed an interest, the deal made a lot of sense.

Bank of the Ozarks Tops Bank Performance Scorecard

by Alexis Hosticka 7/30/2015 11:17 am

Three Arkansas banks ranked among Bank Director magazine's list of top mid-size performers in the country, with Bank of the Ozarks of Little Rock taking the No. 1 spot.

Arkansas Capital Corp. Gets CDFI Designation

by Arkansas Business Staff 7/28/2015 01:28 pm

The exclusive designation as a CDFI was made by the U.S. Department of Treasury Community Development Financial Institutions Fund. A CDFI is a specialized financial institution working in market niches underserved by traditional financial institutions.

'Scooter' Stuart Family, Bank Reach Settlement Over $14.9M Forfeiture

by George Waldon 7/27/2015 12:45 pm

A tentative settlement has been reached in the civil forfeiture of $14.9 million seized from Layton "Scooter" Stuart and his estate. The development has led to the postponement of the scheduled start of a trial in U.S. District Court on Aug. 17.

Third Lawsuit Opens Between Chambers Bank, Golden Family

by Arkansas Business Staff 7/27/2015 12:00 am

A third legal front has been opened in the financial disputes between Chambers Bank of Danville and the Lex Golden family of Little Rock.

Dennis Smiley Lawsuits Settling Down

by Arkansas Business Staff 7/27/2015 12:00 am

While Dennis Smiley Jr. awaits indictment or a plea deal on criminal charges, civil litigation continues in an effort to recoup losses from his financial wheeling and dealing.

Bank Office Numbers in the U.S. Outpace Population

by Arkansas Business Staff 7/27/2015 12:00 am

Despite the increased use of online and mobile banking, brick-and-mortar offices retain their dominance in the provision of banking services, at least for FDIC-insured institutions.

Community Banks Feel Regulatory Pinch

by Marty Cook 7/27/2015 12:00 am

The Dodd-Frank Act celebrated its fifth anniversary last week, but it's probably safe to assume many community bankers in Arkansas didn't feel like partying.

Simmons First National Ramps Up Growth Via Acquisition

by George Waldon 7/27/2015 12:00 am

Simmons First National Corp. covered some serious ground among growth-minded Arkansas lenders on the acquisition trail. Tandem out-of-state, stock-swap purchases during the first quarter increased the size of the Pine Bluff bank holding company by a whopping 65 percent.

A Depressing Motivator (Gwen Moritz Editor's Note)

by Gwen Moritz 7/27/2015 12:00 am

Chances are students aren't being taught good economics principles at home. Their parents very likely don't understand money — and this is true even of parents who have adequate income. If parents don't budget, don't plan, don't prioritize, then children don't even know that they should — much less how to do it. Many families never discuss money with their children, even though money is a factor in virtually every facet of family life and the root of much household stress.