Banking & Finance Archive

Pine Bluff's Relyance Bank Makes Move Into Little Rock

by Arkansas Business Staff 6/2/2014 12:00 am

Relyance Bank of Pine Bluff recently bought a Little Rock branch building from Simmons First National Bank.

Allied Bank Sues for Roof Damage Check Tied to Foreclosed Property

by Arkansas Business Staff 6/2/2014 12:00 am

Allied is trying to recover $46,781 deposited from an insurance check that was issued to Adron and Gwen Gilbert and Allied Bank.

Simmons First to Buy Liberty Bancshares in Missouri in $207M Deal

by Lance Turner and Gwen Moritz 5/28/2014 08:29 am

Simmons First National Corp. of Pine Bluff is buying yet another bank, Liberty Bancshares Inc. of Springfield, Missouri. Per the deal, Simmons First will acquire all outstanding common stock of Liberty in an all-stock transaction valued at about $206.9 million.

Four Join List of 75 Largest Private Companies in Arkansas

by Gwen Moritz 5/26/2014 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $31.15 billion in their most recent fiscal years, and the price of entry to the list was $88.8 million.

Better Business Bureau Announces Torch Award Winners

by Luke Jones 5/26/2014 12:00 am

According to a news release, recipients were the central Arkansas division of Arvest Bank of Fayetteville, Bud Anderson Heating & Cooling Inc. of Lowell, Main Street Service Center of Harrison and Window Mart of Royal.

Your Brain on Lists (Editorial)

by Arkansas Business Editors 5/26/2014 12:00 am

There is something in the human brain that likes to see data organized in lists. In our newsroom, we know that our weekly lists are primarily used for sales leads — that's a service to our audience that we are happy to perform.

I've Got a Tip for You (Gwen Moritz Editor's Note)

by Gwen Moritz 5/26/2014 12:00 am

Every other year since 2000, the Association of Certified Fraud Examiners has issued a big, thick study that it calls, ominously, “Report to the Nations on Occupational Fraud.” The eighth Report to the Nations was released this month, and it came to the same conclusion as earlier ones: A typical organization loses 5 percent of revenue each year to fraud.

Bank of the Ozarks Investment Pays Off for High School Graduate

by Arkansas Business Staff 5/26/2014 12:00 am

George Gleason, chairman and CEO of Little Rock's Bank of the Ozarks Inc., shared an anecdote during the company's recent annual shareholders meeting. It began a decade ago.

Feds Ready To Roll Out Scooter Stuart Autos for Auction

by Arkansas Business Staff 5/26/2014 12:00 am

Five vehicles seized by the government from the family of Layton "Scooter" Stuart finally are heading to the sales block after a recent court order.

Export Awards Honor Arkansas Steel, Triangle Engineering, SweepScrub, Harris International, POM

by Mark Carter 5/22/2014 02:11 pm

Five Arkansas companies that do business overseas were honored at the fifth annual Governor's Award for Excellence in Global Trade awards luncheon.

Arkansas Business to Honor 21st 40 Under 40 Class

by Arkansas Business Staff 5/20/2014 10:24 am

For the 21st consecutive year, Arkansas Business will honor the state's outstanding young professionals at a luncheon for its 40 Under 40 class.

George Gleason Casts An Eye Back to Record Profits

by George Waldon 5/20/2014 09:18 am

George Gleason likes where Bank of the Ozarks Inc. is heading and believes the $6.8 billion-plus asset concern is tracking back toward its record-setting path.

Bank of the Ozarks Expands Board to 15 Members

by George Waldon 5/19/2014 11:19 am

Greg McKinney, Bank of the Ozarks' chief financial officer and chief accounting officer, is elected to the firm's board of directors during its annual shareholders' meeting. The 45-year-old executive joined the company in 2003.

Conway Gets A Purple Cow Near Hendrix

by Jan Cottingham 5/19/2014 12:00 am

This year marks the 25th anniversary of the opening of the first Purple Cow restaurant, in Little Rock, and April 2 marked the opening of the fourth Purple Cow, at The Village at Hendrix in Conway.

Decision-Making in an Uncertain Environment (Karen Moustafa Leonard Expert Advice)

by Karen Moustafa Leonard 5/19/2014 12:00 am

We all make decisions every day. But in uncertain external and internal business environments, organizational decision-making is becoming a more complicated art. Both environments offer unique challenges for every leader.

Shady Enewsletter Spreads Fake News on Centennial, First Security

by Arkansas Business Staff 5/19/2014 12:00 am

A screenshot that appeared to be an e-newsletter called “Arkansas Banking News” made the rounds Thursday afternoon. Its top headline: “Bank of America to Acquire Centennial Bank,” with what looked to be a link to the Arkansas Times.

Arkansas Jobless Rate Falls to 6.6 Percent

by Arkansas Business Staff 5/16/2014 09:51 am

The Arkansas unemployment rate for April dropped to 6.6 percent, according to data released Friday by the state's Department of Workforce Services.

Arvest: Was Unaware of Agreement Involving Dennis Smiley's Loan Collateral

by Lance Turner 5/14/2014 11:32 am

Arvest Bank says it was unaware of documents purportedly signed by one of its executives that allowed Dennis Smiley to use his stock in an Arvest executive incentive account as loan collateral at First National Bank of Fort Smith.

One Bank Close to $3M Payday From Scooter Stuart Account

by George Waldon 5/13/2014 04:48 pm

The U.S. government is on the brink of releasing more than $3 million seized from a life insurance payout after the death of Layton "Scooter" Stuart.

The Wall Street Journal on Banks, Overdraft Fees and Wal-Mart

by Lance Turner 5/12/2014 10:42 am

Mark Friedman's cover story this week examining Wal-Mart Stores Inc.'s push into financial services happens to coincide with a Wall Street Journal report on one aspect of Wal-Mart's financial services arsenal: allowing independent banks to lease space inside Wal-Mart's Supercenters.