Banking & Finance Archive

Bank: John Rogers Misrepresented Price of Hoffman Collection

by George Waldon 12/22/2014 07:09 pm

First Arkansas Bank & Trust says photo dealer John Rogers misrepresented the purchase price of an archive he bought in 2012, leading the bank to loan almost five times the collection's value. Rogers denies misleading the bank.

Daryl Bassett Named Workforce Services Director; Danny Games Named AEDC Deputy Director

by Arkansas Business Staff 12/22/2014 03:21 pm

Gov.-elect Asa Hutchinson has announced Danny Games as deputy director of the Arkansas Economic Development Commission, and Daryl Bassett as the new director of the Department of Workforce Services.

John Roberts Elected to Board of Fed's Eighth District

by Arkansas Business Staff 12/22/2014 11:25 am

John Roberts III, CEO of JB Hunt Transportation Services, is elected to a three-year term on the St. Louis Fed's board of directors. Ray Dillon, CEO of Deltic Timber Corp., is named chairman of the Fed's Little Rock branch.

Steve Massanelli Returns to His Roots in Joining Simmons First National

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

In joining Simmons First National Corp., Steve Massanelli is returning to his geographic roots: He is a native of Pine Bluff who began his career with Simmons First National Bank as an assistant vice president of correspondent banking.

Angela Wilcoxon, Janet Moore Join Citizens Bank of Batesville (Movers & Shakers)

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

Angela Wilcoxon has been promoted to senior vice president of enterprise risk management for Citizens Bank in Batesville. Janet Moore has joined Citizens Bank in Batesville as senior vice president of operations. She will lead account services and information technology.

Southern Bancorp's Mississippi Acquisition Tops $1M

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

Southern Bancorp Inc. of Arkadelphia is paying $1.15 million for the $15.9 million-asset Bank of Bolivar County.

West Little Rock Retail Rings Up $4.5M Purchase (Real Deals)

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

An 8,245-SF retail project in west Little Rock tipped the scales at $4.56 million. An investment group purchased the 11400 Cantrell Road property from Chi-Little Rock LLC of Greenville, South Carolina.

UA, UALR Forecasters See More Improvement in Arkansas' Economy in 2015

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

Arkansas' leading economists say the state should have an improved economy next year. One of the highlights: the unemployment rate is expected to continue to drop to 5.5 percent by the end of 2015 and then slip to 5.3 percent in 2016.

The Best & Worst of 2014

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

From best investment to worst financial projects, Arkansas Business recaps the best and worst of 2014.

First Arkansas Bank Wins $14.5M Default Judgment Against John Rogers

by George Waldon 12/19/2014 11:57 am

First Arkansas Bank & Trust of Jacksonville landed a $14.5 million default judgment against sports memorabilia and photo archivist mogul John Rogers.

Arkansas Jobless Rate Down to 5.8 Percent in November

by Mark Carter 12/19/2014 09:38 am

The unemployment Rate in Arkansas fell to 5.8 percent in November, down from 6.1 percent in October. The 5.8 jobless rate matches the U.S. rate, which remained stable between October and November.

Arvest Survey: Mortgage Debt Down, Savings Up in Arkansas

by Lee Hogan 12/16/2014 10:27 am

Arkansans reported less mortgage debt than their neighbors in Oklahoma and Missouri, according to the latest consumer sentiment survey from Arvest Bank.

Sherwood Walgreens Tops Million-Dollar Quartet of Sales in Pulaski County

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

A Walgreens in Sherwood is the leader of this week's quartet of million-dollar transactions in Pulaski County.

IberiaBank Says Funeral Home Mortgage Payments Have Gone Cold

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

Gunn Funeral Home of Little Rock is the subject of a foreclosure action filed by IberiaBank of Lafayette, Louisiana.

Lawsuit Says Turner Grain Companies Shared Assets as 'Same Entity'

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

The financial mess at Turner Grain Merchandising Inc. of Brinkley is getting messier.

SAU President David Rankin on the Importance of Economic Literacy

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

David Rankin was named the president of Southern Arkansas University in January 2002 and plans to retire next June.

Arkansas Highway & Transportation Department Hits High Road with 5 Promotions (Movers & Shakers)

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

Lorie Tudor, Emanuel Banks, Tony Sullivan, Kevin Thornton and Joe Sartini were promoted with the Arkansas Highway & Transportation Department at its central office in Little Rock.

Funding a College Education (Jane Wayland Commentary)

by Jane Wayland 12/15/2014 12:00 am

Many articles and reports have been written about the value of a college education. The cost continues to climb, and the opportunities in the marketplace are a struggle for some college graduates. It is no wonder that the value of earning the degree is being questioned.

Shadow Lake, Turtle Creek Apartments Tandem Sales Surpass $40.5 Million (Real Deals)

by George Waldon 12/15/2014 12:00 am

The 296-unit Shadow Lake Apartments at 13111 W. Markham St. sold for $26.87 million and the 216-unit Turtle Creek Apartments at 601 Napa Valley Drive went for $13.71 million.

Steve Standridge: No Personal Gain From $7M Fraud

by Gwen Moritz 12/15/2014 12:00 am

Steve Standridge was emotional but conspicuously unapologetic when he explained to a federal judge why he committed the crimes for which she had just sentenced him to five years in prison.