Banking & Finance Archive

Student Loan Debt: A $1.3 Trillion Burden

by Arkansas Business Staff 5/7/2018 12:00 am

Student loan debt in the United States has soared in the last decade, reaching $1.3 trillion at the end of June 2017, according to the Pew Research Center. That's more than two and a half times what student borrowers owed 10 years previously.

More Losses Precede Sale of One Bank

by George Waldon 5/7/2018 12:00 am

Little Rock's One Bank & Trust extended its string of quarterly operational losses to 23, heading toward a pre-insolvency sale later this year.

Relyance Expands, Takes Possession of Heartland Branches

by George Waldon 5/7/2018 12:00 am

Three former Heartland Bank locations have expanded the footprint of Pine Bluff's Relyance Bank to Dallas and Grant counties.

Mike Carroll Named Chairman of Arkansas CPAs (Movers & Shakers)

by Arkansas Business Staff 5/7/2018 12:00 am

Mike Carroll of Fort Smith has been appointed chairman of the Arkansas Society of Certified Public Accountants.

Legacy BancShares to Acquire Gravett Bancshares, Bank of Gravett

by Arkansas Business Staff 5/4/2018 10:56 am

Legacy BancShares Inc. announced Friday that it will acquire the outstanding stock of Gravett Bancshares Inc. and its subsidiary, Bank of Gravett.

FIS, Venture Center Name Fintech Accelerator Participants

by Sarah Campbell-Miller 5/3/2018 10:28 am

Global financial services company FIS of Jacksonville, Florida, and the Venture Center in Little Rock have named the 10 startup companies selected to participate in their 2018 VC FinTech Accelerator program.

Home BancShares Names Donna Townsell Investor Relations Director

by Arkansas Business Staff 4/30/2018 10:55 am

Home BancShares Inc. of Conway and Centennial Bank announced today the appointment of Senior Executive Vice President Donna Townsell to director of investor relations for Home BancShares.

The Cobbler's Kid (Barry Goldberg On Leadership)

by Barry Goldberg 4/30/2018 12:00 am

The reasons that change projects take too long, cost too much, do not deliver promised results or never get over the line point to failures in leadership far more often than failures in execution.

Residential Lots Scarce As Northwest Arkansas Draws a Crowd

by Marty Cook 4/30/2018 12:00 am

Space is not the problem for northwest Arkansas as thousands of new arrivals show up each year. The struggle is with affordability.

More Front Porches Coming to Rockwater Village

by George Waldon 4/30/2018 12:00 am

The near build-out of The Residences at Rockwater is putting new development activity in play for North Little Rock's Lower Baring Cross neighborhood.

Rock Town Distillery Buys $2 Million Home (Real Deals)

by George Waldon 4/30/2018 12:00 am

Rock Town Distillery Inc., led by Phil Brandon, bought the onetime home of Jungkind Photographic at 1201 Main St.

Springdale Ridge Property Bought for $11.25 Million (NWA Real Deals)

by Marty Cook 4/30/2018 12:00 am

A California real estate investment firm paid more than $11 million for the Springdale Ridge Apartments.

Gary Griffin Promoted to EVP at Stone Bank (Movers & Shakers)

by Arkansas Business Staff 4/30/2018 12:00 am

Gary Griffin has almost 40 years of U.S. Small Business Administration lending experience and is a past board member of the National Association of Government Guaranteed Lenders.

Third Lawsuit Pushes Claims Against Berry Bishop to $3M

by Gwen Moritz 4/26/2018 06:20 am

An insurance conglomerate has sued Alliance Insurance Group of Arkadelphia and its owner, Berry R. Bishop, pushing the total value of claims filed against them to more than $3 million.

Minority Interest in LR Investment Firm Sold to Staff

by Arkansas Business Staff 4/25/2018 01:40 pm

Greg Hartz, founder and co-owner of registered investment advising firm Foundation Resource Management, and Mark Millsap, co-owner, recently sold a minority interest in the firm to five staff members.

Southern Bancorp Raises $17.7M in First Close of Capital Campaign

by Arkansas Business Staff 4/25/2018 10:44 am

Southern Bancorp Inc. of Little Rock raises $17.7 million through a recent capital campaign.

Two Banks Allege $2.4M in Fraud by Arkadelphia Insurance Agent Berry Bishop

by Gwen Moritz 4/24/2018 11:41 am

The Bank of Prescott and Citizens Bank of Batesville filed civil suits Monday alleging frauds totaling $2.4 million by former insurance agent Berry Bishop and his agency, Alliance Insurance Group of Arkadelphia Inc.

Makris: Simmons First's 1Q Shows 'Productive Start' to 2018

by Arkansas Business Staff 4/24/2018 10:11 am

Simmons First National Corp. of Pine Bluff reports quarterly net income of $51.3 million, up 132 percent from the same quarter last year, as the company completed integrating Southwest Bank into its subsidiary bank.

Stone Bank Opens New Branch in Little Rock

by Arkansas Business Staff 4/23/2018 10:44 am

Stone Bank of Mountain View has finished renovating an 18,000-SF space in Little Rock for $1 million and opened its fourth retail banking location in Arkansas there.

First National Bank of Paragould to Buy One Bank & Trust

by George Waldon 4/23/2018 09:56 am

First National Bank of Paragould announced Monday that it is buying One Bank & Trust of Little Rock.