Banking & Finance Archive

Summit Mall Developer Back in Arkansas on Conway Project

by Arkansas Business Staff 3/17/2014 12:00 am

The redevelopment of the Conway airport site (dubbed Central Landing) marks a return to Arkansas after more than two decades for Jim Wilson & Associates of Montgomery, Ala.

Harry Rosenblum Moves to Wunderlich From Crews & Associates

by Arkansas Business Staff 3/17/2014 12:00 am

Veteran Little Rock bond broker Harry Rosenblum has departed Crews & Associates after almost six years to join the Little Rock office of Memphis-based Wunderlich Securities Inc.

May Construction Target of New Lawsuit Over 5-Year-Old Projects

by Arkansas Business Staff 3/17/2014 12:00 am

Lewis May, president of dormant May Construction Co., recently was sued by Berkley Regional Insurance Co. of Urbandale, Iowa, to collect nearly $3 million paid out on performance bonds in connection with five construction projects between 2008 and 2009.

Dennis Smiley Leaves CEO Post at Arvest Bank of Benton County

by Marty Cook 3/14/2014 03:53 pm

Dennis Smiley resigned Thursday as president and CEO of Arvest Bank of Benton County.

Arkansas Business Seeking 40 Under 40 Nominations

by Arkansas Business Staff 3/14/2014 08:15 am

The 2014 class of 40 Under 40 honorees will be profiled in the June 23 issue of Arkansas Business. Included in this issue will be a listing of their accomplishments within their businesses, organizations and/or community.

6 Arkansas Banks Lost Money in 2013

by George Waldon 3/11/2014 11:10 am

Six of the 120 lenders based in Arkansas lost money during 2013, according to call reports compiled by BauerFinancial Inc. of Coral Gables, Fla.

Minimum Wage Proposals Spark Disagreement

by Mark Friedman 3/10/2014 12:00 am

Whether raising the minimum wage — a burning issue in the tourism and hospitality industries — will actually help all the people it's aimed at is a question of deep disagreement, even among experts. There does appear to be, however, consensus on the minimum conditions necessary to have a sustainable economy.

Proposed Change in State Securities Law Out of Step With Neighboring States

by George Waldon 3/10/2014 12:00 am

Arbitration clauses and courtroom avoidance are common in the securities business. That norm stands in contrast to a not-so-modest proposal by Stephens Inc. to go straight to a judge to rule on enforcement actions by the Arkansas Securities Department.

WLR Retail Project Trails $1.8M Land Purchase (Real Deals)

by George Waldon 3/10/2014 12:00 am

An 8,245-SF retail project in west Little Rock is in the works after a $1.8 million land deal. A $1.75 million land buy in North Little Rock is preceding development of a 350,000-SF distribution facility. And a north Pulaski County enterprise is under new ownership after a $550,000 foreclosure sale.

IberiaBank Keeps Adding Acquisitions

by George Waldon 3/10/2014 12:00 am

IberiaBank Corp. has remained largely dormant on the acquisition trail in Arkansas since its 2007 buys of Pulaski Investment Corp. of Little Rock ($130 million) and Pocahontas Bancorp of Jonesboro ($30 million).

Community First Bancshares Exits TARP In the Black

by George Waldon 3/10/2014 12:00 am

The U.S. Treasury ended up with nearly $3.7 million more than it “loaned” to Community First Bancshares Inc. of Harrison. The $12.7 million that Uncle Sam invested in Community First was accomplished with preferred stock and warrants issued through the Capital Purchase Program.

Accountability Sans Jerkiness (Barry Goldberg On Leadership)

by Barry Goldberg 3/10/2014 12:00 am

A CEO can delegate just about everything except culture. And every company will have a culture, whether it just happens or is implemented purposefully and continually by leadership in every decision and hire.

Stephanie Purifoy Takes Over Development for Arkansas Hunger Relief Alliance (Movers & Shakers)

by Arkansas Business Staff 3/10/2014 12:00 am

Stephanie Purifoy has been promoted to development director at the Arkansas Hunger Relief Alliance in Little Rock. Purifoy started with the organization as field manager for the alliance's program Cooking Matters at the Store. Leslie Bass will succeed Purifoy as field manager. Bass previously worked in central Arkansas to identify and recruit groups to participate in the alliance's Arkansas No Kid Hungry programs.

Updated: Winner, Loser in Simmons Charters Consolidation

by Arkansas Business Staff 3/10/2014 12:00 am

Last week's news that Simmons First National Corp. will be collapsing its six smaller charters into its flagship Pine Bluff bank was surprising only in that it took so long.

Bank of the Ozarks Settles In at Park Avenue Digs

by Arkansas Business Staff 3/10/2014 12:00 am

Not much has been written about the loan production office opened by Bank of the Ozarks in New York City, a decision that was announced last summer, so your Whispers staff thinks it's time to introduce readers to the classy digs.

UCA, First Arkansas Bank & Trust Announce Credit Card Affinity Program

by Lee Hogan 3/6/2014 02:22 pm

A partnership between the First Arkansas Bank & Trust and the University of Central Arkansas Alumni Association is expected to provide scholarships to UCA students.

Bank of the Ozarks Completes Purchase of Texas Bank

by Lance Turner 3/5/2014 05:05 pm

Bank of the Ozarks Inc. of Little Rock completes its acquisition of Omnibank parent Bancshares Inc., a $301 million-asset holding company based in Houston.

Simmons First Announces Plans to Combine Bank Charters

by Lance Turner 3/5/2014 04:24 pm

Simmons First National Corp. of Pine Bluff says it will collapse its six state bank charters into its flagship Pine Bluff charter, Simmons First National Bank. The company expects the move save money and increase efficiency.

Compensation Unchanged for Most Home BancShares Execs

by George Waldon 3/4/2014 03:38 pm

The 2013 compensation packages among the five top executives at Home BancShares Inc. of Conway didn't grow except for one: Tracy French, regional president of Centennial Bank, was awarded an 18 percent increase.

Centennial Bank Promotes Deana Osment, Ed Way to New Posts

by Lee Hogan 3/4/2014 10:20 am

Centennial Bank has promoted Deana Osment and Ed Way to new positions in the company's northeast Arkansas market.