Banking & Finance Archive

Overtime Rule Big Change for Business (Missy Duke Commentary)

by Missy Duke 7/13/2015 12:00 am

On June 30, the U.S. Department of Labor released a proposed rule that would increase the minimum salary for employees exempt under the “white-collar” exemptions of the Fair Labor Standards Act to $970 per week, the equivalent of $50,440 annually, which represents the 40th percentile of earnings for all full-time salaried workers throughout the United States.

Home BancShares Names Brian S. Davis CFO

by Alexis Hosticka 7/8/2015 03:57 pm

Home BancShares Inc. of Conway announced that Brian S. Davis has been elected chief financial officer, treasurer and director of Home BancShares and its wholly owned subsidiary, Centennial Bank.

Federal Prosecutors Sue Scooter Stuart's Estate, Family Trusts

by Gwen Moritz 7/8/2015 10:27 am

The lawsuit is the latest in a cascade of civil and criminal cases alleging widespread and long-term fraud by Stuart and other executives of One Bank & Trust and its holding company.

Simmons Bank Names New VP Chris Dunn

by Alexis Hosticka 7/6/2015 09:11 am

Chris Dunn has joined Simmons First National Corp. as executive vice president for regulatory affairs and risk strategy.

Allied Bank Properties Put Up On the Block

by Arkansas Business Staff 7/6/2015 12:00 am

Allied Bank of Mulberry has retained the services of Little Rock's Blackmon Auctions to sell real estate collected mostly from borrowers on loans gone bad.

Heartland Bank's Walter Quinn Building Loan Settlement with Texas Bank

by Arkansas Business Staff 7/6/2015 12:00 am

Walter Quinn, a leading investor in Heartland Bank of Bryant, is working through some financial difficulties in Oklahoma.

St. John's Troubles Continue with Chapter 11

by Arkansas Business Staff 7/6/2015 12:00 am

In the bankruptcy filing, St. John's showed $8.5 million in debts and $3.03 million in assets.

Duo of Million-Dollar Properties Highlight Recent Pulaski County Sales

by Arkansas Business Staff 7/6/2015 12:00 am

A grand Little Rock home and a North Little Rock medical office provide our tandem of million-dollar transactions.

Consumer Suits Against Collection Firms Growing

by Mark Friedman 7/6/2015 12:00 am

A growing number of Arkansas consumers, with the encouragement of plaintiffs' lawyers, are suing debt collection firms alleging the way the debt was collected violated the Fair Debt Collection Practices Act.

Millennials Rising as Biggest Share of Workforce

by Arkansas Business Staff 7/6/2015 12:00 am

The millennial generation earlier this year passed Generation X to become the largest share of the U.S. workforce, the Pew Research Center says.

Snapshot: A Guide to John Rogers' Legal Problems

by George Waldon 7/6/2015 12:00 am

After federal agents came calling at his business and home on Jan. 28, 2014, John Rogers lost control of his chaotic financial world. The known claims against the photo archivist and sports memorabilia dealer total more than $45 million, not counting $49 million in requested punitive damages.

Bank Documents Illuminate John Rogers' Dealings

by George Waldon 7/6/2015 12:00 am

Bank of Little Rock's position among creditors battered by the financial wheeling and dealing of John Rogers is uncertain. But the $203 million-asset lender was first in line to accuse Rogers of fraud among the growing crowd of litigants pursuing him in Pulaski County Circuit Court.

Growing Participation Means Longer List of Largest Trade & Professional Unions

by Austin DuVall 7/6/2015 12:00 am

The Arkansas Business list of the state's largest trade and professional associations is back after a four-year hiatus, complete with 15 new entries because of greater participation.

Woodland Heights Sells In $13.9M Transaction (Real Deals)

by George Waldon 7/6/2015 12:00 am

A 142-unit independent living center in Little Rock tipped the scales at $13.9 million. A nearly 1,150-acre farm in southeast Pulaski County weighed in at $2.25 million. And a 3,708-SF residence-turned-business in Little Rock's Hillcrest area changed hands in a $525,000 deal.

Dean Jane Wayland on Keeping UALR's College of Business in the Mix

by Arkansas Business Staff 7/6/2015 12:00 am

Before being named dean, Jane Wayland was interim dean of the UALR College of Business for two years. She also has served as associate dean of graduate studies and chairwoman of the Marketing & Advertising Department. The College of Business Advising Center was established within a year of her appointment, and she initiated the Ambassador program to showcase top students.

Hutchinson Announces State Board Appointments

by Arkansas Business Staff 7/2/2015 09:29 am

Gov. Asa Hutchinson announced the latest round of appointments to state boards, panels and committees.

New Construction Boosts Conway on Business Index

by Mark Carter 6/30/2015 09:37 am

New home construction boosted Conway to near the top of the Arkansas Tech Business Index for April 2015.

Diane Gilleland on the 'Dramatic Change' of a Diverse Board of Directors

by Alexis Hosticka 6/30/2015 08:56 am

Diane Gilleland, an adjunct professor at UALR and an independent director for Navient Corp., talks to Arkansas Business about how the company worked to achieve more diversity on its board of directors.

Slideshow: 40 Under 40 Honorees Recognized At Luncheon

by Alexis Hosticka 6/29/2015 12:00 am

The 2015 class of Arkansas Business' 40 Under 40 were honored at a luncheon at the Embassy Suites in Little Rock on Wednesday. Each honoree gave a brief acceptance speech and answered questions such as, “What advice would you give your 20-year-old self?” and “What do you want your legacy to be 20 years from now?”

Acme Files New Suit Against Chambers in Branch Tussle

by Arkansas Business Staff 6/29/2015 12:00 am

Acme Holding Co., the parent company of the $107 million-asset Allied Bank of Mulberry, recently opened a new front in the ongoing financial dispute with its lead creditor.