Banking & Finance Archive

Bank of the Ozarks 3Q Profit Up 44 Percent

by Lance Turner 10/13/2015 04:45 pm

Bank of the Ozarks Inc. of Little Rock on Tuesday reported third-quarter net income of $46.1 million, up 44 percent from the same quarter last year.

Angelica Rogers Hit With $15.6M Consent Judgment

by Arkansas Business Staff 10/12/2015 12:00 am

The judgment is linked with her personal guaranty on four loans that had a total delinquent balance of $14.2 million back in November when the bank filed suit.

Bank of Fayetteville Sale Registers 1.34x Book

by George Waldon 10/12/2015 12:00 am

As expected, Bank of Fayetteville will be merged into the $702 million-asset Farmers & Merchants Bank of Stuttgart.

Census Says Arkansas Household Income Stagnates

by Arkansas Business Staff 10/12/2015 12:00 am

Real median household income in Arkansas was $41,262 in 2014, rising by 0.2 percent compared with 2013, according to the U.S. Census Bureau. The bureau, however, does not consider the rise statistically significant.

Colin Gorman Named Managing Partner at EGP (Movers & Shakers)

by Arkansas Business Staff 10/12/2015 12:00 am

Gorman's former firm, the firm of Jerry, Gor­man and Asso­ciates, PLLC in Bryant, became part of EGP PLLC Certified Public Accountants & Consultants in 2011.

United Federal Credit Union Names Sean Yaffe Associate Director (Movers & Shakers)

by Arkansas Business Staff 10/12/2015 12:00 am

The newly created associate director program is designed to provide a prepared and ready supply of succession candidates for the board of directors, ensuring continuity of board leadership.

Arvest Names Greg Stanfill Director of Community Banks

by Arkansas Business Staff 10/8/2015 02:36 pm

Arvest Bank on Thursday named Greg Stanfill director of Community Banks for Arvest Bank in Benton County. Stanfill will continue in his previous position as the community executive for Rogers and Lowell.

Settlement Will Boost One Bank's Capital

by George Waldon 10/5/2015 12:00 am

A financial decision that Layton “Scooter” Stuart made in the weeks preceding his death in March 2013 is breathing fiscal life into Little Rock's One Bank & Trust. The de facto capital injection is happening in a way that he didn't plan and couldn't have foreseen.

NLR Warehouse Draws $2.9 Million Transaction (Real Deals)

by George Waldon 10/5/2015 12:00 am

A 57,705-SF warehouse in North Little Rock tipped the scales at $2.91 million. A 1.55-acre commercial redevelopment is in motion after a $1.03 million land deal. And a 2.11-acre commercial site in North Little Rock rang up a $737,104 transaction.

Jennifer Joyner Joins Signature Bank in Bentonville (Movers & Shakers)

by Arkansas Business Staff 10/5/2015 12:00 am

Jennifer Joyner has joined Signature Bank of Arkansas in Bentonville as a mortgage banker. She was previously a business development representative for Waco Title Co.

Report Shows Northwest Arkansas Competing Well With Bigger Cities

by Marty Cook 10/2/2015 03:04 pm

The fifth annual State of Northwest Arkansas Region Report shows the region competitive in key metrics with other areas, including Austin, Texas, and Madison, Wisconsin.

Simmons First National Bank Names New VP

by Arkansas Business Staff 10/1/2015 02:05 pm

Rosalind M. Mouser of Pine Bluff has joined Simmons First National Bank as senior vice president and deputy general counsel.

One Bank Announces Settlement Over 'Scooter' Stuart Money

by Arkansas Business Staff 10/1/2015 11:50 am

One Bank & Trust of Little Rock on Thursday announced the settlement of an $18 million lawsuit over assets seized from entities connected with the late Layton "Scooter" Stuart, its former CEO.

Home BancShares Completes $101.6M Deal for Florida Bank Company

by Lance Turner 10/1/2015 10:05 am

Home BancShares Inc. of Conway completes a $101.6 million deal to buy Florida Business BancGroup Inc., the parent company of Bay Cities Bank.

Mark McFatridge Named CEO of Bear State Financial

by Lance Turner 10/1/2015 09:10 am

Bear State Financial Inc. of Little Rock announced that Mark McFatridge had been appointed CEO and director of both Bear State Financial and Bear State Bank effective immediately. McFatridge is the former CEO of Metropolitan National Bank of Springfield, Missouri, which Bear State acquired.

Forbes List of Richest People for 2015 Includes 10 with Arkansas Ties

by Mark Carter 9/30/2015 09:53 am

The list once again is led by Microsoft's Bill Gates. Wal-Mart heir Jim Walton leads a group of Arkansans and those with close ties to the state included on the list.

Governor: Arkansas Will Be in 'Top Tier' of Trading Partners with Cuba

by Lance Turner 9/29/2015 11:57 am

Gov. Asa Hutchinson talked to reporters via telephone from Havana Tuesday as his economic development trip continues.

FDIC: Arkansas Bank Deposits Reach $56.5B

by Gwen Moritz 9/29/2015 11:30 am

Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, a pace somewhat slower than the 5.4 percent growth in bank deposits nationally.

Parties Close to Final Settlement Over 'Scooter' Stuart Money

by George Waldon 9/28/2015 11:39 am

The final paperwork is nearing completion on a settlement agreement that will boost the equity capital at Little Rock's One Bank & Trust by $6.9 million.

Allied Access Sore Subject Between Chambers Bank, Acme Holding

by Arkansas Business Staff 9/28/2015 12:00 am

The testy relationship between Acme Holding Co. and the leading creditor in its bankruptcy, evident in a two-day hearing in April, hasn't improved.