Banking & Finance Archive

Demo Day for VC FinTech Accelerator is Aug. 3

by Sarah Campbell 7/26/2016 09:48 am

Seats are filling up, with more than 200 expected to attend the Venture Center's VC FinTech Accelerator's Global Investor Demo Day to be held from 1-5 p.m. Aug. 3 at the Clinton Presidential Library.

Regulatory Costs Hit Smaller Banks Harder, St. Louis Fed Economists Conclude in Report

by Gwen Moritz 7/25/2016 12:00 am

Smaller banks really are hit harder by the cost of regulatory compliance, a report published last week concluded.

Creditors Force Sale of Walter Quinn's Aspen Condo

by Arkansas Business Staff 7/25/2016 12:00 am

A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus.

At Least One Offer Pending on John Rogers Lakewood Mansion in NLR

by Arkansas Business Staff 7/25/2016 12:00 am

It looks like there's a buyer for the foreclosed Lakewood mansion of troubled North Little Rock businessman John Rogers.

Johnny Allison Plays Market for Gains After Brexit 'Bank Sale'

by Arkansas Business Staff 7/25/2016 12:00 am

The U.K.'s June 23 vote to leave the European Union, which sent a brief shockwave through the U.S. stock market, presented Home BancShares Inc. CEO Johnny Allison with an opportunity to do some bank investing.

Gaillardia Club Woes Spawned Phil Herrington Bankruptcy

by Mark Friedman 7/25/2016 12:00 am

Herrington's $13.45 million Chapter 11 reorganization, filed on March 18, represents one of the largest debt totals in a personal bankruptcy filing in recent years in Arkansas. He listed $5.1 million in assets.

Survey: Branch Banking in the U.S. Still a Robust Service

by Arkansas Business Staff 7/25/2016 12:00 am

Bank customers continue to seek the human touch provided by bank branches, according to a survey by Protiviti, a global consulting firm based in Menlo Park, California. The survey, released late last year, found that 84 percent of bank customers visit their branches at least once a month.

Online Banking Rises in Use, but Arkansas Branches Remain Important

by Marty Cook 7/25/2016 12:00 am

Physical branches are still important and will remain vital, bankers say, even as the number inches downward as customers increasingly bank online.

Chambers Bank Lands $2 Million Golden Judgment

by George Waldon 7/25/2016 12:00 am

The latest ruling is one in a string of lawsuits spawned by the bankruptcy of Acme, the parent company of Allied Bank of Mulberry. Under the Golden family's ownership and management, the bank has lost more than $14 million since 2010.

Stacey Hogue Promoted at Pulaski Tech (Movers & Shakers)

by Arkansas Business Staff 7/25/2016 12:00 am

Stacey Hogue was recently named chief financial officer and vice president of finance at Pulaski Technical College, replacing Pat Palmer, who retired after 35 years of service.

Banker Randy Scott Plays Part on East Arkansas Farm Team

by Arkansas Business Staff 7/25/2016 12:00 am

Randy Scott is the president and chief operating officer of Farmers Bank & Trust in Blytheville. A 26-year veteran of banking, he has worked the last 16 years at Farmers.

North Little Rock Apartment Land Draws $2.8M Sale (Real Deals)

by George Waldon 7/25/2016 12:00 am

Richardson Properties LLC, led by Keith Richardson, purchased the undeveloped 64.5-acre tract adjoining Foothills Apartments at 2401 Lakeview Road.

Bank of the Ozarks Seals 2 Deals, Is Biggest in Arkansas by Assets

by Arkansas Business Staff 7/22/2016 11:15 am

Bank of the Ozarks Inc. of Little Rock completes acquisitions of Community & Southern Bank of Atlanta and C1 Bank of St. Petersburg, Florida, and leaps over Arvest in asset size.

Foreclosure Hearing Delayed Amid Possible Main Street Lofts Sale

by George Waldon 7/22/2016 10:53 am

A court hearing that would have kept the foreclosure train moving on the Main Street Lofts project was postponed Friday morning.

Bear State Financial: 2Q Net Income Up 80 Percent

by Lance Turner 7/21/2016 10:40 am

Bear State Financial Inc. of Little Rock reports second-quarter net income of $4.5 million, up 80 percent from the same quarter last year.

Home BancShares 2Q Net Income Up 28 Percent to New Record

by Lance Turner 7/21/2016 07:09 am

Home BancShares Inc. of Conway reports second-quarter net income of $43.5 million, up 28 percent from the same quarter last year.

Simmons First 2Q Net Income Up 14 Percent

by Lance Turner 7/21/2016 07:00 am

Simmons First National Corp. of Pine Bluff announces second-quarter net income of $22.9 million, up 14 percent from the same quarter last year, as the company continued to integrate recent acquisitions.

Wall Street Journal: Bank of the Ozarks Fills Loan Void in Big Markets

by Lance Turner 7/20/2016 10:33 am

The Wall Street Journal today takes a look at Bank of the Ozarks Inc. of Little Rock, which it says is filling a loan void in big markets like New York and Houston.

Lex Golden Sues Chambers Bank Over Failed Bank Buys

by Arkansas Business Staff 7/18/2016 12:00 am

Lex Golden and his wife, Ellen, sued Chambers Bank of Danville in Crawford County Circuit Court alleging the lender essentially was responsible for causing all their money troubles.

Chip's Barbeque Falls Off Grill with Bankruptcy

by Arkansas Business Staff 7/18/2016 12:00 am

Chip's Barbeque of Little Rock recently closed and filed for bankruptcy protection, listing $400,000 in debts.