Banking & Finance Archive

Update: Dennis Smiley Jr. Pleads Guilty to Bank Fraud

by Gwen Moritz and Marty Cook 8/25/2015 11:28 am

H. Dennis Smiley Jr., the former president of Arvest Bank's Benton County market, waived indictment and pleaded guilty to defrauding 20 banks out of more than $4 million.

By the Numbers: Gambling in Arkansas

by Arkansas Business Staff 8/24/2015 12:00 am

Oaklawn, Southland, lottery and bingo: a look at wagers and payouts from games of chance in Arkansas.

Correlation ≠ Causation (Gwen Moritz Editor's Note)

by Gwen Moritz 8/24/2015 12:00 am

American Banker published last week a thought-provoking article by Victoria Finkle headlined “Is Dodd-Frank Really Killing Community Banks?” I'm not one of those old-school editors who object to questions as headlines — we use them in Arkansas Business and no apologies — and the question intrigued me. Have I been suckered?

The Grad Student Debt Bomb (Editorial)

by Arkansas Business Editors 8/24/2015 12:00 am

Federal programs that encourage massive borrowing by grad students and then allow much of the debt to be “forgiven,” a deceptively benign term, are behind this disturbing trend. And critics from both the left and the right are critical of the situation.

Being Interesting to Buyers (Jim Karrh On Marketing)

by Jim Karrh 8/24/2015 12:00 am

The rules of customer engagement have changed dramatically in recent years: Your potential buyers know more — or at least believe that they know more — than ever.

First Community of Batesville Reaches $1 Billion Mark

by Gwen Moritz 8/21/2015 04:15 pm

First Community Bank of Batesville reached $1 billion in assets on July 31, four days before its 18th birthday, Chairman and CEO Dale Cole announced.

Securities Department Issues Third Order Against Timothy Lilly

by Gwen Moritz 8/21/2015 03:49 pm

A Mayflower man with a history of problems with state regulators is the subject of a cease-and-desist order issued Thursday by Arkansas Securities Commissioner Edmond Waters.

Peoples Bank Names Debbie Arnold as VP

by Alexis Hosticka 8/19/2015 01:20 pm

Debbie Arnold has joined Peoples Bank as Vice President of Marketing according to Mary Fowler, President and CEO.

Financial Quarter Planned to Revitalize More of Downtown Little Rock

by Alexis Hosticka 8/18/2015 03:20 pm

With hopes of revitalizing more of downtown Little Rock, studioMAIN is leading an effort to create the Financial Quarter, an area stretching from Sixth Street to the Arkansas River and Main Street to Broadway.

Home BancShares Names Stephen Tipton New COO

by Arkansas Business Staff 8/18/2015 09:23 am

Stephen Tipton has been named the new Chief Operating Officer for Home BancShares and Centennial Bank.

David Bartlett to Retire from Simmons; Ledbetter, Others Promoted

by Gwen Moritz 8/17/2015 11:54 am

David Bartlett will retire in January as president of Simmons First National Corp. of Pine Bluff, and Barry Ledbetter will assume his duties as chief banking officer of Simmons First National Bank.

Trustee Hopes to Avoid Allied Bank Stock Auction

by George Waldon 8/17/2015 12:00 am

A new player has emerged in the bankruptcy case of Acme Holding Co. since its Chapter 11 reorganization was converted to Chapter 7 liquidation by judicial decree last month.

Farmers & Merchants Rakes In Bank of Fayetteville

by George Waldon 8/17/2015 12:00 am

Bankshares of Fayetteville Inc., holding company of Bank of Fayetteville, represents the third acquisition by Farmers & Merchants Bankshares Inc. of Stuttgart in the past seven years.

Exit from Arkansas Imminent for Alabama's SouthBank

by George Waldon 8/17/2015 12:00 am

The pending sale of three Mississippi County branches opens the door for the Arkansas exodus of SouthBank of Huntsville, Alabama.

Party City Purchase Tops $2.8 Million (Real Deals)

by George Waldon 8/17/2015 12:00 am

An 8,100-SF retail project in west Little Rock weighed in at more than $2.8 million. A 1,866-SF KFC in Little Rock changed hands in a $1.65 million sale. And a 13,190-SF warehouse in North Little Rock rang up a $625,000 transaction.

Tech Park Negotiating with Banks to Finance First Phase

by Mark Carter 8/13/2015 10:05 am

The Little Rock Tech Park Authority Board will negotiate with a consortium of local financial institutions on a plan to finance $17.5 million for development of the park's first phase along Main Street in downtown Little Rock.

Dillard's 2Q Net Down 13 Percent, Same-Store Sales Up 1 Percent

by Lance Turner 8/13/2015 06:47 am

Dillard's Inc. of Little Rock on Thursday reported second-quarter net income of $29.9 million, or 75 cents per share, down 13 percent from $34.5 million, or 80 cents per share, in the same quarter last year.

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.