Banking & Finance Archive

Red Lobsters Serve Up $8.4M Transaction (Real Deals)

by George Waldon 11/24/2014 12:00 am

ARCP RL Portfolio V LLC purchased the Red Lobster at 3707 McCain Blvd. in North Little Rock for $4.98 million. ARCP RL Portfolio VI LLC bought the Red Lobster at 8407 W. Markham St. in Little Rock for $3.44 million

Arvest Consumer Survey: Arkansans' Opinion of Economy Improving

by Lee Hogan 11/18/2014 09:31 am

Arkansas consumer sentiment is up slightly in Arvest Bank's most recent survey, but it's still lower than surrounding states and considerably lower than the national outlook on the economy.

‘I've Got Suits Older Than You' (Gwen Moritz Editor's Note)

by Gwen Moritz 11/17/2014 12:00 am

When I arrived at Arkansas Business in August 1999, I really didn't know any business leaders in Arkansas. I was born and raised in Arkansas, and I had been a local government reporter in Pine Bluff and an education reporter for the old Arkansas Gazette. But the only business reporting I had done was in Nashville, Tennessee, so even business legends like William H. Bowen were new to me.

Tyson Family Stock Nears $3 Billion; Waltons No. 1 On Top Stockholders List

by Gwen Moritz 11/17/2014 12:00 am

The second-wealthiest family in northwest Arkansas, the Tysons, saw their stock holdings increase by nearly $1 billion over the past year — an increase of more than 40 percent.

Cameron Smith & Associates' Mission To Put More Women in Public Company Boardrooms

by Jan Cottingham 11/17/2014 12:00 am

Diversity on corporate boards has been an issue for years. Most companies recognize that having directors from varied backgrounds isn't simply a theoretical matter of equity; it's a matter of performance. Cameron Smith wants to use the contacts built up over 20 years of helping to put women on corporate boards. And women — particularly in Arkansas — could use his help.

Tire Center Transaction Tops $1.5M in NLR (Real Deals)

by George Waldon 11/17/2014 12:00 am

A 43,444-SF tire center in North Little Rock tipped the scales at $1.52 million.

William H. Bowen Dead at 91; Funeral Details Released

by Gwen Moritz 11/13/2014 11:38 am

William H. Bowen — lawyer, banker and political adviser — died Wednesday at age 91. The funeral is scheduled for 10 a.m. Monday at First United Methodist Church in Little Rock.

Brad Phelps Named Associate General Counsel for Arkansas State University System (Movers & Shakers)

by Arkansas Business Staff 11/10/2014 12:00 am

Brad Phelps, formerly chief deputy attorney general for the state of Arkansas, has been named associate general counsel of the Arkansas State University System.

Barbara Goswick, Don Smith Top List of CFO of the Year Honorees

by Arkansas Business Staff 11/10/2014 12:00 am

Arkansas accounting professionals took an unaccustomed turn at center stage last Wednesday at the Arkansas Business CFO of the Year Awards luncheon at the Embassy Suites in west Little Rock.

LR Planning Commission Rejects Regions Bank Rezoning Request in the Heights

by Arkansas Business Staff 11/10/2014 12:00 am

A proposed 3,200-SF Regions Bank branch in the Heights neighborhood of Little Rock has run up against some opposition.

Relyance Branching Out Into Heights

by Arkansas Business Staff 11/3/2014 12:00 am

On Feb. 15, the Pine Bluff lender will be taking possession of leased quarters at 1801 N. Fillmore St. currently occupied by Regions Bank.

Vitamin Shoppe Attracts $3.7 Million Transaction (Real Deals)

by George Waldon 11/3/2014 12:00 am

Big projects in North Little Rock change hands with an 8,200-SF retail project on McCain Blvd., a big piece of a 276,231-SF Gregory Street warehouse, and the closed Belwood Elementary school.

Household Debt: Delinquency Rate Hits Lowest Point Since '08

by Arkansas Business Staff 11/3/2014 12:00 am

The New York Fed's Quarterly Report on Household Debt and Credit shows that overall household debt in the U.S. fell by $18 billion during the second quarter of 2014 compared with the first quarter. Housing debt stood at $8.62 trillion in the second quarter, while nonhousing debt was $3.02 trillion.

Bank Branch Count in Arkansas Dwindles After Mergers

by Gwen Moritz 11/3/2014 12:00 am

After reaching a peak of 1,513 in mid-2008, Arkansas' branch network had fallen to 1,388 as of this year's summary of deposits, which was released on Sept. 29. A net reduction of 54 branches happened in the 12 months that ended June 30.

David Bush Joins BancorpSouth As Senior Vice President (Banking Movers & Shakers)

by Arkansas Business Staff 11/3/2014 12:00 am

David Bush, formerly senior vice president and commercial lending manager at Delta Trust & Bank, has joined the staff of BancorpSouth in Little Rock as SVP.

Character References Help Brandon Barber Elude 20-Year Sentence

by Marty Cook 11/3/2014 12:00 am

When it came to sentencing in federal court, Brandon Barber could have had the book thrown at him. But facing U.S. District Judge P.K. Holmes last Tuesday, he still had some things going for him.

‘Sovereign' Actions Complicate Foreclosure of West Little Rock Home

by George Waldon 11/3/2014 12:00 am

Documents sold on the Internet and a $700,000 “International Bill of Exchange” weren't able to keep a minister from losing his 5,608-SF west Little Rock home in a long-running foreclosure action.

Apple Pay, CurrentC Shake Up the Checkout

by Mark Friedman 11/3/2014 12:00 am

The battle over mobile payment platforms is heating up. On one side is Apple Pay, which launched Oct. 20 and encourages users to pay for merchandise with Apple's iPhone 6 and 6 Plus. Its rival is the payment system backed by Wal-Mart Stores Inc. of Bentonville and about 50 other retailers: CurrentC, created by a joint venture called MCX, the Merchant Customer Exchange of Boston.

Dennis Smiley's Wife Cynthia Files Chapter 7 Bankruptcy

by Lance Turner 10/29/2014 11:38 am

Cynthia Smiley, the wife of former Arvest Bank executive Dennis Smiley Jr., filed Chapter 7 bankruptcy on Thursday, listing $2.3 million in debts and $34,000 in assets.

Bob Lamb, Longtime State Chamber Leader, Dies at 82

by Jan Cottingham 10/27/2014 08:58 am

Bob Lamb, who headed the Arkansas State Chamber of Commerce/Associated Industries of Arkansas for 25 years and worked on economic development in the state for many more, died Saturday in Fayetteville. He was 82.