Banking & Finance Archive

Phil Baldwin of Citizens Bank Says Nonprofit Experience Adds Perspective to Banking

by Arkansas Business Staff 1/19/2015 12:00 am

Phil Baldwin is the president and CEO of Citizens Bank of Batesville. Before joining Citizens Bank, Baldwin was president and CEO of CredAbility, a nonprofit credit counseling agency based in Atlanta.

Development Duo Joins Centennial Bank in Jonesboro (Movers & Shakers)

by Arkansas Business Staff 1/19/2015 12:00 am

Joey Speir and Brock Ferguson have joined Centennial Bank in Jonesboro as business development officers.

First Southern Bank Missed Red Flags With Kevin Lewis Fraud, BKD Says

by Mark Friedman 1/19/2015 12:00 am

The accounting firm BKD LLC is blaming the collapse of First Southern Bank in Batesville on the failure of bank officers and officials to detect former Little Rock attorney Kevin Lewis' fraud.

Sherwood Walgreens Sells For $3.3 Million (Real Deals)

by Arkansas Business Staff 1/19/2015 12:00 am

A Walgreens in Sherwood tipped the scales at $3.38 million. A 240-unit apartment project in southwest Little Rock weighed in at $2.8 million. And land for a 49-lot residential project in west Little Rock was assembled in two deals totaling $930,000.

Pulaski County Ranked High on U.S. List of Average Net Capital Gains

by Arkansas Business Staff 1/19/2015 12:00 am

This map reflects the percentage of taxpayers reporting net capital gains — the profits from sales of capital assets such as stock or real estate — by county in 2012. The shading of the counties is based on their rank out of 3,124 counties in the United States, with darker shades indicating higher values.

Banks Seek Court-Held Dennis Smiley Funds

by George Waldon 1/19/2015 12:00 am

Two of the remaining banks in the serial loan controversies of Dennis Smiley Jr. hold judgments against the former Arvest executive.

OREO ‘Cleansing' Helps Stabilize NWA Real Estate

by Marty Cook 1/19/2015 12:00 am

When the real estate bubble popped in 2008, it popped big time in northwest Arkansas, which generated more “other real estate owned” than Little Rock. Now, sales and an improving economy are bringing calm to a market once noted for speculation.

Creditors Urge Acme Liquidation, Auction of Allied Bank Stock

by George Waldon 1/19/2015 12:00 am

Three of the largest creditors of Acme Holding Co. want to see its Chapter 11 bankruptcy reorganization converted to Chapter 7 liquidation.

Farmers Bank Completes Consolidation with 1st Bank of Texas

by George Waldon 1/16/2015 11:25 am

The operations of 1st Bank of Texarkana, Texas, were consolidated today with Farmers Bank & Trust of Magnolia.

Bank of the Ozarks Net Income Up 42 Percent

by Arkansas Business Staff 1/16/2015 09:03 am

Bank of the Ozarks Inc. of Little Rock on Thursday reported a 42 percent increase in fourth-quarter net income.

Second Former Partner of John Rogers Files Suit, Seeks $12.3 Million

by George Waldon 1/15/2015 05:47 pm

The new lawsuit by Mac Hogan pushes the claims against the embattled newspaper archivist and sports memorabilia dealer upwards of $40 million. Hogan alleges that Rogers committed multiple acts of fraud as part of a Ponzi-style scheme that often involved phantom transactions.

New Lawsuit Says John Rogers Owes $9.6M in Loans, Unpaid Bill

by George Waldon 1/15/2015 11:09 am

Another collection lawsuit alleging fraud has been filed against embattled newspaper archivist and sports memorabilia dealer John Rogers.

Powered by Growth, Home BancShares Reports Record Annual, Quarterly Earnings

by Lance Turner 1/15/2015 08:29 am

Home BancShares Inc. of Conway, the parent company of Centennial Bank, on Thursday reported record annual and quarterly earnings as the bank holding company continued to grow through acquisitions.

Darrin Williams Appointed to Little Rock Tech Park Board

by Arkansas Business Staff 1/14/2015 03:29 pm

Appointed by University of Arkansas at Little Rock Chancellor Joel Anderson, Williams will complete the term of former board member Bob Johnson, who resigned in November.

LR Startup Looking to Make Merger Matches

by Mark Carter 1/14/2015 10:13 am

Merger Match from Little Rock startup founders and IT consultants Bridget Farris and Alese Stroud seeks to make proper matches out of potential mergers and acquisitions, and when necessary, stop them from happening.

Atlanta Group Offers $59M for John Rogers' Former Business Assets

by George Waldon 1/13/2015 10:48 am

Red Alert Media Matrix Inc. has signed a letter of intent to buy the photo archive and sports memorabilia assets of Sports Cards Plus Inc., which did business as Rogers Photo Archive; Planet Giant LLC and Digital Stock Planet LLC and Photo Archive Partners LLC, which did business as John Rogers Partners LLC.

Tammy Passafiume Cuts Into Diamond Lakes Federal as President/CEO (Movers & Shakers)

by Arkansas Business Staff 1/12/2015 12:00 am

Tammy Passafiume has been named president and CEO of Diamond Lakes Federal Credit Union in Malvern. She has 23 years of credit union experience and was previously president and CEO of River Valley Federal Credit Union in Camden.

Holiday Inn Express Attracts $4.2M Sale (Real Deals)

by George Waldon 1/12/2015 12:00 am

A 138-room hotel in east Little Rock tipped the scales at $4.2 million. A 44-unit apartment project in southwest Little Rock weighed in at $1.65 million. And a 37,000-SF grocery store project is in motion in Sherwood after a $944,000 land deal.

Joyce Judy's 'Series of Bad Decisions' Comes to End in North Carolina

by Arkansas Business Staff 1/12/2015 12:00 am

One of the saddest cases of white-collar crime in Whispers' long memory has come to an unsatisfying conclusion.

Cynthia Smiley Bankruptcy Case Could Be Closing Soon

by Arkansas Business Staff 1/12/2015 12:00 am

It looks like Dennis Smiley Jr.'s wife's $2.3 million bankruptcy case is coming to an end.