Banking & Finance Archive

Burgundy Book: Little Rock Zone's Unemployment Rate Lowest Since Great Recession

by Lee Hogan 9/23/2014 02:11 pm

The Little Rock Zone's unemployment rate is at its lowest level since the Great Recession, according to the latest numbers from the Federal Reserve Bank of St. Louis' Burgundy Books.

Arkansas Business Presents 2014's 'The New Influentials: 20 In Their 20s'

by Gwen Moritz 9/22/2014 12:00 am

Since 2009 Arkansas Business has sought out talented young leaders in our business and nonprofit community to introduce in a feature called The New Influentials: 20 in Their 20s.

Southern Rice & Cotton Says Turner Grain Bounced Million-Dollar Check

by Arkansas Business Staff 9/22/2014 12:00 am

Last week, Southern Rice & Cotton LLC filed a lawsuit in Poinsett County Circuit Court against Turner Grain Merchandising Inc. of Brinkley and a number of defendants, including Jason Coleman, Turner's vice president, and KBX Inc. of Benton.

8 Former Delta Trust Employees Flock to Eagle Bank

by Arkansas Business Staff 9/22/2014 12:00 am

Barely had the ink dried on the sale of Delta Trust & Banking Corp. of Little Rock to Simmons First National Corp. of Pine Bluff when a flock of staffers flew the coop.

Argenta Community Development Corp. Weighs Its Future

by Mark Friedman 9/22/2014 12:00 am

While Argenta Community Development Corp. of North Little Rock ponders its future — including whether to dissolve — the nonprofit first must deal with a foreclosure lawsuit filed against it last month after defaulting on a $560,000 loan.

Landers Auto Dealership Drives $22.1M Toyota Sale (Real Deals)

by George Waldon 9/22/2014 12:00 am

Luther Auto Group's acquisition of Steve Landers Toyota in Little Rock generated a real estate transaction valued at $22.1 million. A former Metropolitan National Bank branch in west Little Rock is under new ownership after a $1.76 million sale. And a 27,832-SF piece of the Arcade Building in downtown Little Rock changed hands in a transaction valued at $1.2 million.

Latt Bachelor Joins Relyance as Hot Springs Regional President (Movers & Shakers)

by Arkansas Business Staff 9/22/2014 12:00 am

Latt Bachelor is Relyance Bank of Pine Bluff's new regional president for Hot Springs. He was previously regional president of Summit Bank in Hot Springs, which was acquired by Bank of the Ozarks earlier this year.

Arkansas Business Honors 'Best Places to Work'

by Arkansas Business Staff 9/19/2014 11:07 am

Arkansas Business and the Best Companies Group on Wednesday honored 12 Arkansas companies with "Best Places to Work" awards, which recognize firms that have exceptional workplace environments.

Harrison Bank Files Lawsuit Against Dennis Smiley

by Marty Cook 9/19/2014 08:11 am

Community First Bank of Harrison files a three-count civil lawsuit against former Arvest Bank executive Dennis Smiley Jr. on Thursday.

Court Formalizes Settlement With Banks Over Dennis Smiley Assets

by George Waldon 9/17/2014 03:26 pm

Eighteen lenders were dismissed from the battle over assets once owned by former Arvest Bank executive Dennis Smiley Jr.

Governor's Quality Awards Go to 28 Arkansas Organizations

by Arkansas Business Staff 9/16/2014 08:28 am

The 20th annual event was held at the Marriott Hotel in downtown Little Rock before an audience of more than 400 business and civic leaders. In addition to recognizing the winers, 16 past awards recipients were recognized.

John Rogers Asks for Dismissal of Brace Suit

by Arkansas Business Staff 9/15/2014 12:00 am

North Little Rock sports memorabilia dealer John Rogers denied the allegations of breaching a contract with a photographic estate and asked for a dismissal in Pulaski County Circuit Court last week.

Regions Bank Adds Waylan Wiggins to Roster

by Arkansas Business Staff 9/15/2014 12:00 am

Regions Bank has scored a nice hire: Waylan Wiggins, previously president of the Stuttgart branch of Arkansas County Bank of DeWitt.

Harvest Problems Crop Up in Turner Grain President's Bankruptcy Case

by Arkansas Business Staff 9/15/2014 12:00 am

Lee County farmer Keith Wilkison has asked for an emergency hearing in the personal bankruptcy case of Turner Grain President Dale Bartlett so Wilkison can harvest more than 400 acres in Lee County.

East-Harding Makes Kathy Robinson New CFO (Movers & Shakers)

by Arkansas Business Staff 9/15/2014 12:00 am

Kathy Robinson has been promoted to chief financial officer for East-Harding Construction of Little Rock. She was formerly controller and has worked for East-Harding for more than 10 years.

Simmons First Trust to Buy Talbot Capital Management

by Arkansas Business Staff 9/12/2014 03:24 pm

Simmons First Trust Co. said Friday that it has agreed to purchase Talbot Capital Management Inc. of Pine Bluff for an undisclosed price.

First Arkansas Bank Sues NLR Businessman John Rogers for $14.2M

by George Waldon 9/8/2014 01:46 pm

First Arkansas Bank & Trust has sued to collect $14.2 million from North Little Rock businessman John Rogers. Meanwhile, Rogers is no longer involved in day-to-day operations of the photo archive and sports memorabilia venture and hasn't been for more than six months, according to Mac Hogan, who's now running the business.

ARK Challenge: Acorn Hours Solving 'Real Problem'

by Mark Carter 9/8/2014 10:41 am

Acorn wants to "intertwine" accountability and service when it comes to tracking service hours, help young people tell their stories and be "catalysts for change," and free up teachers from sometimes tedious paperwork.

Arvest Forecloses on Downtown LR Building Owned by Matt Lile

by Arkansas Business Staff 9/8/2014 12:00 am

The bank's foreclosure is on two loans totaling more than $821,500 secured by the 20,332-SF building at the northeast corner of Center and Sixth streets. The property is the home of EJ's restaurant in downtown Little Rock.

No Banking Future for Former First Southern CEO Woody Castleberry

by Arkansas Business Staff 9/8/2014 12:00 am

Thanks to the fraud of convicted former Little Rock attorney Kevin Lewis, Woody Castleberry will never work in banking again. Castleberry told us last week that his settlement with the Federal Deposit Insurance Corp. was finally approved. He won't have to pay a penalty, but he agreed never to be involved in banking again.