Banking & Finance Archive

FNBC Bank Elevates Two at Ash Flat (Movers & Shakers)

by Arkansas Business Staff 4/11/2016 12:00 am

Julie Seat has been hired as manager of FNBC's Ash Flat branch. Molly Carpenter has been promoted to vice president of marketing and public relations at FNBC Bank of Ash Flat.

Average US Rate on 30-Year Mortgage Falls to 3.59 Percent

by Associated Press 4/7/2016 10:44 am

Average long-term U.S. mortgage rates slid this week to their lowest level since February 2015, luring prospective purchasers during the spring home-buying season.

Fed Minutes Show Officials Grappled with Global Weakness

by Associated Press 4/6/2016 01:03 pm

Federal Reserve policymakers grappled at their last meeting over how to respond to a slowing global economy.

How Stricter Rules for Brokers Will Affect Retirement Savers

by Associated Press 4/6/2016 11:53 am

The Obama administration is going after a host of perceived rip-offs with the new rules it's unveiling Wednesday for brokers who recommend investments for retirement savers.

Doctor Behind Arkansas Convention Center Files Chapter 11

by Arkansas Business Staff 4/5/2016 10:07 am

Hiren Patel, the Texas doctor who developed the Arkansas Convention Center in Texarkana, Arkansas, filed Chapter 11 bankruptcy, adding to a string of setbacks for Patel and the convention center.

Arkansas Revenue Nearly $73M Ahead of Forecast for Year

by Associated Press 4/4/2016 10:26 am

Arkansas finance officials say a boost in tax collections and lower than expected refunds last month pushed the state's revenue for the year so far nearly $73 million higher than forecast.

Phil Herrington Files for Bankruptcy After $3M Judgment

by Arkansas Business Staff 4/4/2016 12:00 am

The financial woes of dapper Little Rock businessman Phil Herrington have prompted a trip to bankruptcy court.

Simmons First Moves to State Charter

by Lance Turner 3/31/2016 03:26 pm

Simmons First National Corp. of Pine Bluff announced Thursday that, effective today, its bank subsidiary will convert from a national banking association to a state-chartered bank.

Convention Center Woes Still Splitting Texarkana

by Arkansas Business Staff 3/28/2016 12:00 am

Before dueling convention centers became a thing in Jonesboro, they were a thing in Texarkana. And it's not turning out well in Texarkana.

Stephen Parks' Failed Attempt to Become a Coal King

by Mark Friedman 3/28/2016 12:00 am

2013 was supposed to be a banner year for Little Rock businessman Stephen K. Parks' coal businesses, but things were falling apart even before the year arrived.

Whisenhunt's $19M Cash Bet In Northwest Arkansas Pays Off

by Marty Cook 3/28/2016 12:00 am

In March 2012, Joe Whisenhunt placed a $19 million bet on northwest Arkansas and, four years later, it's looking like a winner.

WLR Dealership Combo Generates $10.3M Sale (Real Deals)

by George Waldon 3/28/2016 12:00 am

MAG-AR I Colonel Glenn LLC, led by Mark McLarty, purchased the 17,690-SF North Point Nissan facility at 1 Col. Glenn Plaza Drive. MAG-AR 6030 Landers Road LLC, another McLarty Auto Group affiliate, bought the 18,130-SF North Point Mazda facility at 6030 Landers Road in North Little Rock for $2.8 million.

Matt Brasel Made Area President of Bear State Bank (Movers & Shakers)

by Arkansas Business Staff 3/28/2016 12:00 am

Matt Brasel of Rogers has been promoted to the newly created position of area president of Bear State Bank for northwest, central and southwest Arkansas and eastern Oklahoma.

Burgundy Book: More Arkansans Expect Worsening Economic Conditions

by Arkansas Business Staff 3/25/2016 09:53 am

According to a February survey of business contacts, a little less than 50 percent expect that economic conditions will worsen in 2016 compared with 2015.

Arkansas February Unemployment Rate Falls to 4.2 Percent

by Lance Turner 3/25/2016 09:19 am

Arkansas' February unemployment rate is 4.2 percent, down from 4.4. percent in January and 5.6 percent in the same month last year, according to report Friday from the state Department of Workforce Services.

Downtown Little Rock's Regions Center Building For Sale

by Arkansas Business Staff 3/21/2016 12:00 am

The 30-story Regions Center in downtown Little Rock and its adjoining six-story parking deck are carrying a list price of $40 million.

M&M Bankruptcy Lists Over $8 Million in Debts

by Arkansas Business Staff 3/21/2016 12:00 am

The Conway firm that provided environmental services to the oil and gas industries filed for bankruptcy liquidation last month, but it didn't list many financial details. The amended filing reports M&M has $3.2 million in assets.

Kathryn Hicks Named New Centennial Bank VP at Mountain Home (Movers & Shakers)

by Arkansas Business Staff 3/21/2016 12:00 am

Kathryn Hicks has been named vice president and market leader for Centennial Bank in Mountain Home, and Harrison Young has moved to Mountain Home as a loan officer.

Riverhouse Apartments Sell for $39.6 Million (Real Deals)

by George Waldon 3/21/2016 12:00 am

Riverhouse/ML-BWP LLC and Riverhouse/1031 LLC, both of Nashville, Tennessee, bought the 260-unit apartment project in Little Rock's Riverdale area at 1200 Brookwood Drive.

The Paradox of Optimism (Gwen Moritz Editor's Note)

by Gwen Moritz 3/21/2016 12:00 am

An analysis by national correspondent Ryan Cooper for TheWeek.com declared the 401(k) system to be “a blight on the face of the American republic.” That's the kind of over-the-top headline that is click-bait these days, but when you look at the numbers, the only conclusion one can reach is that a disaster is looming — even if we blame operator error rather than the system itself.