Banking & Finance Archive

St. Vincent West Attracts $14.1 Million Transaction (Real Deals)

by George Waldon 9/26/2016 12:00 am

An affiliate of Physicians Realty Trust of Milwaukee bought the 45,952-SF St. Vincent West medical office building in west Little Rock from St. Vincent Infirmary Medical Center.

Wells Fargo's Other Victims (Gwen Moritz Editor's Note)

by Gwen Moritz 9/26/2016 12:00 am

Customers of Wells Fargo whose personal information was used to create accounts they didn't want, need or request were also victims. Those unauthorized accounts could reflect negatively on the unsuspecting customer's credit score, and that could cost them far more for far longer.

Community First Bancshares Price Tag Rises to $77M In Equity Deal

by George Waldon 9/26/2016 12:00 am

The potential value of the Community First Bancshares Inc. sale has climbed to more than $77 million since the deal was announced two months ago.

Today's Bank Named Receiver for Undercapitalized Allied Bank

by Gwen Moritz 9/23/2016 07:17 pm

State and federal bank regulators on Friday named Today's Bank of Huntsville as receiver for Allied Bank, the Mulberry bank whose parent company, Acme Holding Co., is in Chapter 7 bankruptcy.

Developer Brandon Woodrome Pleads Guilty to Fraud

by Arkansas Business Staff 9/22/2016 04:31 pm

Brandon Woodrome, a northwest Arkansas real estate developer, pleads guilty to one count each of bank fraud and wire fraud.

United Federal Credit Union Wins Top Honor at Best Places to Work Awards

by Arkansas Business Staff 9/22/2016 11:35 am

Arkansas Business and the Best Companies Group honors 29 Arkansas companies with "Best Places to Work" awards, which honor firms that have exceptional workplace environments.

Skyline Report: New Construction, Occupancy Strong in Northwest Arkansas

by Arkansas Business Staff 9/21/2016 11:01 am

The vacancy rate on commercial property in northwest Arkansas is 12.7 percent, up from 12.4 percent in the second half of 2015, according to the Arvest Bank's Skyline Reports for the first six months of 2016.

Arkansas Unemployment Rate Unchanged at 3.9 Percent

by Lance Turner 9/20/2016 09:28 am

Arkansas' August unemployment rate was unchanged at 3.9 percent, according to the state Department of Workforce Services.

SPONSORED: Deferring Real Estate Tax Gains Can Be An Effective Tax Strategy

by 9/19/2016 08:00 am

If you're considering selling commercial property or trading up on a second home, you should consider a like-kind exchange.

Phil Herrington Files Bankruptcy as Attorney for Oklahoma Development

by Arkansas Business Staff 9/19/2016 12:00 am

Little Rock developer Philip Herrington recently filed a Chapter 11 reorganization for one of his developments in Oklahoma City.

Batesville Impact Plan Living Up to Its Name

by Gwen Moritz 9/19/2016 12:00 am

Fresh eyes, strategic planning, youthful energy and cold, hard cash are shaking up Batesville, a college town on the jagged edge of the Ozarks that is burdened with many of the same challenges as the Delta that's just minutes away.

Education a Cornerstone of Batesville's Strategic Plan

by Gwen Moritz 9/19/2016 12:00 am

Making sure the children of Independence County have the educational opportunities necessary to escape poverty is a cornerstone of the Impact strategic plan that Baldwin worked on when he was chairman of the Batesville Area Chamber of Commerce.

Towne Oaks Duo Draws $10 Million Transaction (Real Deals)

by George Waldon 9/19/2016 12:00 am

An affiliate of the AndMark real estate investment firm of Los Angeles bought the 152-unit Towne Oaks Apartments at 9300 Treasure Hill Road and the 64-unit Towne Oaks Village Apartments at 9600 Southedge Drive.

Thanks A Million, Wells Fargo (Gwen Moritz Editor's Note)

by Gwen Moritz 9/19/2016 12:00 am

It is undeniably the smaller banks — the ones that don't have 1.5 million real customers, much less that many phony accounts — who have paid and are paying and will continue to pay the most for the bad acts of the banks that are too big to fail.

Walmart Canada to Extend Visa Ban to More Stores

by Ismail Shakil and Ethan Lou, Reuters 9/15/2016 07:22 am

Walmart Canada will stop accepting Visa Inc. cards at its 16 stores in the province of Manitoba starting on Oct. 24, a spokesman said on Wednesday, raising the stakes in a high-profile fee dispute.

Meet 20 In Their 20s: The New Influentials Class of 2016

by Gwen Moritz 9/12/2016 12:00 am

Twenty of Arkansas' young leaders show the energy and ambition and adventurous spirit that is obvious in our state's business legends, even decades after they were in their 20s. We're proud to introduce these New Influentials and to consider all the potential they offer our state in the decades to come.

TEDx Coming Back to Little Rock (Barry Goldberg On Leadership)

by Barry Goldberg 9/12/2016 12:00 am

You may not agree with what you hear at a TEDx conference, but you will learn something new. You may not get the full picture — since speakers are given 18 minutes — but you will be escorted into territory occupied by that speaker that is likely to be new, controversial and challenging.

McCain Plaza Transaction Surpasses $23 Million Mark (Real Deals)

by George Waldon 9/12/2016 12:00 am

The 296,000-SF retail project at 4200 E. McCain Blvd. in North Little Rock tipped the scales at $23.15 million.

Three Advance in Generations Bank's Northwest Market (Movers & Shakers)

by Arkansas Business Staff 9/12/2016 12:00 am

Joe Ruddell has been promoted to northwest Arkansas regional president of Generations Bank, and Bryn Bagwell has been hired as president of the Fayetteville market.

Simmons First Completes Acquisition of Tennessee Bank

by Arkansas Business Staff 9/9/2016 03:27 pm

Simmons First National Corp. of Pine Bluff completes its previously announced acquisition of Citizens National Bank of Athens, Tennessee. The move lifts Simmons First to $8.1 billion in assets and expand Simmons' footprint further east into Tennessee.