Banking & Finance Archive

Northeast Arkansas District Fair Files For Chapter 11 Bankruptcy

by Arkansas Business Staff 10/27/2014 12:00 am

The Northeast Arkansas District Fair will list close to $10 million in debts, according to its bankruptcy attorney, James Dowden of Little Rock.

Mountain Pure Has New Owner After Stacks Conviction

by Arkansas Business Staff 10/27/2014 12:00 am

John B. Stacks' rough year continued last week when his Mountain Pure operations were handed over to a new owner after a foreclosure auction on the steps of the Pulaski County Courthouse.

Dominik Mjartan New CEO at for Southern Bancorp Community Partners

by Arkansas Business Staff 10/27/2014 12:00 am

SBCP is a development finance partner organization of Southern Bancorp Inc. As its CEO, Mjartan succeeds Tanya Wright, who will continue with SBCP in an executive role. He will also continue to help manage corporate strategy and other corporate functions for the holding company as executive vice president.

Heartland Bank Finds New HQ in The Heights

by George Waldon 10/27/2014 12:00 am

The 922-SF leased facility at 5100 Kavanaugh Blvd. in the Heights area is likely the smallest bank HQ in all of Arkansas.

No Deal in Pinnacle Bank's Proposed Sale of Forrest City Financial

by George Waldon 10/27/2014 12:00 am

Ongoing balance sheet issues at Pinnacle Bank of Rogers led to the demise of a proposed $2.75 million acquisition in East Arkansas. Cross County Bancshares Inc. of Wynne withdrew its application to purchase Forrest City Financial Corp. on Oct. 3.

Magnolia Banking Makes Texas Play in $31.8M Deal

by George Waldon 10/27/2014 12:00 am

The holding company of $884 million-asset Farmers Bank & Trust of Magnolia should complete the purchase of First National Bancshares of Hempstead County Inc. of Hope before year's end. First National is the parent company of the $310.3 million-asset 1st Bank of Texarkana, Texas.

Windstream Transaction Adds Up to $8.6 Million (Real Deals)

by George Waldon 10/27/2014 12:00 am

A 30,400-SF data center shifted ownership in a sale-leaseback transaction valued at $8.6 million, and land for a future bank branch development in the Heights area of Little Rock tipped the scales at $2.2 million.

First National Bank of Paragould Gains Northwest Arkansas Presence (NWA Real Deals)

by Marty Cook 10/27/2014 12:00 am

First Paragould Bankshares Inc. closed on its acquisition of five former Metropolitan National Bank branches in northwest Arkansas.

Turner Grain Collapse Prompts Legislation

by Mark Friedman 10/24/2014 02:00 pm

The Arkansas Agriculture Department is working on legislation to prevent companies like Turner Grain Merchandising Inc. of Brinkley from suffering similar collapses that cost farmers millions of dollars.

Home BancShares Completes Purchase of Broward Financial

by Lee Hogan 10/24/2014 11:19 am

Home BancShares Inc. of Conway, the parent company of Centennial Bank of Conway, announced Thursday the completion of its acquisition of Broward Financial Holdings Inc.

Simmons First 3Q Earnings Up 27 Percent

by Lance Turner 10/23/2014 08:57 am

Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $8.8 million, or 52 cents per share, up 27 percent from $6.9 million, or 43 cents per share, during the same quarter last year. Simmons also reported “core earnings” of $10.7 million, up 45 percent from the same quarter last year.

Thomas Longe Appointed to Home BancShares Board of Directors

by Arkansas Business Staff 10/21/2014 04:38 pm

Home BancShares Inc. of Conway, the parent company Centennial Bank of Conway, has appointed Thomas J. Longe to its board of directors.

UA Study: Well Connected CEOs Can Be Bad for Firms They Lead

by Arkansas Business Staff 10/20/2014 09:28 am

A University of Arkansas study suggests that the more socially connected a chief executive officer is, the less success his firm experiences.

16 Arkansas Public School Superintendent Jobs Top $200,000

by Gwen Moritz 10/20/2014 12:00 am

The list includes 247 current-year superintendents of public school districts and a few charter schools, and it ranks them by the total compensation package — salary plus benefits — paid to the superintendent of that school district in the 2013-14 academic year.

Top College Officials See Sizable Pay Raises

by Mark Friedman 10/20/2014 12:00 am

Arkansas Business reviewed the Administrator's Compensation Survey reports filed with the state Department of Higher Education for the 2010 and 2014 fiscal years. In the four-year period, the number of six-figure employees included in the report increased from 460 to 703.

One Bank Takes Claims Against David Crews to Federal Bankruptcy Court

by Arkansas Business Staff 10/20/2014 12:00 am

The financial tiff between David Crews and Little Rock's One Bank & Trust has shifted venues from Pulaski County Circuit Court to U.S. Bankruptcy Court.

Tom Cotton and Me (Gwen Moritz Editor's Note)

by Gwen Moritz 10/20/2014 12:00 am

If you care about these things, you know that last week I interrupted Rep. Tom Cotton, R-Ark., during his so-called “debate” against three opponents in the race for U.S. Senate in order to ask him to actually address my question.

Maumelle Warehouse Attracts $11.2M Sale (Real Deals)

by George Waldon 10/20/2014 12:00 am

A 484,932-SF warehouse project in Maumelle tipped the scales at $11.2 million. Construction of a 30,000-SF office building is following a $2.3 million land deal in downtown Little Rock. And a North Little Rock car wash is under new ownership after a $1.72 million deal.

Home BancShares 3Q Earnings Up 49 Percent From 2013

by Lee Hogan 10/17/2014 10:08 am

Home BancShares Inc. of Conway, the parent company of Centennial Bank of Conway, announced $24.7 million third quarter earnings, up 49 percent from $18.4 million for the same period of 2013.

First Security Opens LPO in Hot Springs

by Gwen Moritz 10/15/2014 03:57 pm

First Security Bank of Searcy recently opened a loan production office in Hot Springs and is still on the hunt for a location for its first full-service branch in the Garland County, according to Scott Dews, market president.