Banking & Finance Archive

Court Blows Out Hanna's Candle Case

by Arkansas Business Staff 8/14/2017 12:00 am

Last week, the 8th U.S. Circuit Court of Appeals ended Hanna's Candle Co.'s nearly seven-year legal battle with Bank of America.

Westrock, Circumference Join Money Managers List

by Gwen Moritz 8/14/2017 12:00 am

Stephens Inc. remains the largest broker dealer operating in the state, and its two registered investment advisers have combined assets under management approaching $12 billion to dominate the money managers list.

Crawford Succeeds Brock at Citizens' Trust Department

by Gwen Moritz 8/14/2017 12:00 am

G. Gene Crawford II, who had been CEO of First National Bank of Crossett, has returned to his hometown to succeed Robin Brock as head of trust services at Citizens Bank of Batesville.

Adviser's Cash Withdrawals Lead Feds to Sportsbook in Rogers

by Mark Friedman 8/14/2017 12:00 am

A federal investigation into suspicious cash withdrawals from a financial adviser's personal bank accounts led agents to uncover a large-scale illegal gambling operation in Benton County.

AI Advisers See New World in Wealth Management

by Jan Cottingham 8/14/2017 12:00 am

Artificial intelligence — AI — software that employs “machine learning” has made huge strides in the past few years, primarily because of improvements in computer processing power and data storage.

Whose Freedom Wins? (Paul Dodds Commentary)

by Paul Dodds 8/14/2017 12:00 am

Americans typically have no effective individual power to refuse when companies hand us “take it or leave it” one-sided agreements of adhesion. Without regulatory limits and access to courts, we are constantly subject to corporate tyranny of contract.

Heartland, One Bank Rack Up More Losses

by George Waldon 8/14/2017 12:00 am

The second-quarter results continued in the red at two Little Rock banks doing business under regulatory agreements.

First Security Bank Plans Mixed-Use Branch in Bentonville

by George Waldon 8/14/2017 12:00 am

The $5.4 billion-asset lender is developing a three-story mixed-use facility a half-block from the historic town square.

Court Approves Heartland's Sale of Community State Bank

by George Waldon 8/14/2017 12:00 am

A bankruptcy judge signed off on the sale of Community State Bank of Bradley, the prime asset of its parent company, Allcorp Inc.

Bowman Curve Draws $7.1M Transaction (Real Deals)

by George Waldon 8/14/2017 12:00 am

Bowman Curve I & II LLC, an affiliate of Cooper Realty Investments Inc. of Rogers, sold its 60,779-SF retail center in west Little Rock.

U.S. Household Debt Passes 2008 Peak

by Arkansas Business Staff 8/14/2017 12:00 am

Household debt in the United States reached $12.73 trillion in the first quarter of 2017, finally surpassing its $12.68 trillion peak reached in the third quarter of 2008, the height of the financial crisis.

Bank Street Partners Names Centennial Bank Best in State

by Arkansas Business Staff 8/11/2017 01:47 pm

Bank Street Partners has named Centennial Bank the top overall bank in Arkansas, parent company Home BancShares Inc. of Conway announced Wednesday.

Citizens Bank To Break Ground on New Headquarters

by Arkansas Business Staff 8/11/2017 01:39 pm

Citizens Bank on Wednesday announced that a groundbreaking ceremony for its new headquarters at 655 St. Louis St. in Batesville has been scheduled for 5:30 p.m. Tuesday.

Citizens Bank Won't Fill Marketing Position After Don Hale Departure

by Arkansas Business Staff 8/7/2017 12:00 am

Don Hale's back in the workaday world, having left his marketing post as a senior vice president of Citizens Bank of Batesville a couple of months ago.

Arvest Takes Aim at Brisiel with Fayetteville Foreclosures

by Arkansas Business Staff 8/7/2017 12:00 am

Arvest Bank of Fayetteville has initiated foreclosure on several properties owned by Tim Brisiel of Legacy Ventures.

Ecclesia College Woes Multiply Under Federal Investigation

by George Waldon 8/7/2017 12:00 am

Ecclesia, the private Christian college in Springdale, is facing yet another federal investigation, this one by the U.S. Department of Education.

Barr, Archer Named Department Chairs at UAMS (Movers & Shakers)

by Arkansas Business Staff 8/7/2017 12:00 am

Dr. Frederick “Rick” E. Barr has been hired as chair of the Department of Pediatrics and associate dean for child health at the University of Arkansas for Medical Sciences, as well as pediatrician-in-chief for Arkansas Children's Hospital, and Dr. Robert L. “Lee” Archer has been named chair of the Department of Neurology.

Total Student Loan Debt Reached $1.3 Trillion in 2016

by Arkansas Business Staff 8/7/2017 12:00 am

Student loan debt hit $1.3 trillion by the end of 2016, an increase of 170 percent over debt totals in 2006, the Federal Reserve Bank of New York reported earlier this year.

Ashburry Apartments Visited by $18.6M Sale (Real Deals)

by George Waldon 8/7/2017 12:00 am

An affiliate of Olympus Property in Fort Worth, Texas, purchased The Ashburry at Chenal at 16401 Chenal Valley Drive.

Slicing the Pie (Craig Douglass On Consumers)

by Craig Douglass 8/7/2017 12:00 am

Consumption of goods and services is dramatically changing. The traditional retailing business model is experiencing downward pressure on foot traffic, browsing and sales. The browsing is happening online as online sales increase. But is that the whole mosaic?

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