Banking & Finance Archive

Main Street Lofts Could Find Buyer Before Foreclosure

by Arkansas Business Staff 6/13/2016 12:00 am

A sale may be in motion at the money-troubled Main Street Lofts. This latest version involves all three buildings at the downtown Little Rock project.

Cantrell Office Building Sale Exceeds $2.6 Million (Real Deals)

by George Waldon 6/13/2016 12:00 am

8114 Cantrell LLC, led by Billy Roehrenbeck, purchased its namesake project.

Blocking And Tackling (Gwen Moritz Editor's Note)

by Gwen Moritz 6/13/2016 12:00 am

It's easy in hindsight to spot errors. I don't know enough about auditing to know whether BKD's auditors were incompetent. I do know from hard experience that errors often seem obvious in hindsight, and while they may be the result of lazy technique, some errors are virtually unavoidable.

Matt Hicks Hired at First National Bank of Northwest Arkansas (Movers & Shakers)

by Arkansas Business Staff 6/13/2016 12:00 am

Matt Hicks has joined First National Bank of Northwest Arkansas in Fayetteville. Hicks has accepted the position as vice president and commercial lender.

Venture Center Holds Inaugural 'Lift the Rock' Event

by Sarah Campbell 6/8/2016 11:34 am

About 30 people attended the Venture Center's first-ever "Lift the Rock" event, featuring VC FinTech Accelerator startup FundSeeder of Westport, Connecticut.

BKD Agrees to $4 Million Settlement with FDIC

by Arkansas Business Staff 6/6/2016 12:00 am

Accounting firm BKD LLP agreed to pay the FDIC $4 million to settle a federal lawsuit tied to the 2010 failure of First Southern Bank of Batesville.

Fifth Amendment Rights Behind One Bank & Trust Trial Delay

by Arkansas Business Staff 6/6/2016 12:00 am

An unusual plea deal struck by former One Bank & Trust executive Gary Rickenbach has delayed the trial of two of his former co-workers, Brad Paul and Mike Heald

Focus in Turner Grain Case Shifts to K.B.X.

by Mark Friedman 6/6/2016 12:00 am

Lonoke County farmers hope to recover the $5.5 million they lost dealing with Turner Grain Inc. from a company they claim worked closely with the Brinkley crop broker: K.B.X. Inc. of Benton.

Businesses in Arkansas Confront Shooter Scenario

by Kyle Massey 6/6/2016 12:00 am

Many Arkansas businesses and institutions now have reaction plans for mass shootings, and some training goes beyond the federal government's basic run-and-hide recommendations.

Data Breaches on the Rise, Even in Arkansas

by Sarah Campbell 6/6/2016 12:00 am

Hacking is costing businesses millions more as sophisticated criminal networks determined to steal information for financial gain have replaced the individuals who were commonplace in the early years of the internet, and Arkansas is not immune.

You Can Go Home Again: More Young Americans Living With Parents

by Arkansas Business Staff 6/6/2016 12:00 am

Living with a parent is the most common living arrangement for 18- to 34-year-olds in the United States, the first time on record that that has been the case, according to the Pew Research Center.

Maumelle Motel Draws $2.4 Million Transaction (Real Deals)

by George Waldon 6/6/2016 12:00 am

New Frontier Hospitality LLC, led by Dilep and Vitesh Patel, bought the Quality Suites at 14322 Frontier Drive.

Doyle Rogers Family Sells Interest In Citizens Bank

by George Waldon 6/6/2016 12:00 am

The Doyle Rogers family sold its 25.82 percent stake in the $722 million-asset lender to a descendant of another founding family: poultry pioneer J.K. Southerland.

First Security Bancorp Invests in CrossFirst

by George Waldon 6/6/2016 12:00 am

First Security Bancorp of Searcy has added to its stake in an out-of-state banking concern: CrossFirst Holdings LLC of Leawood, Kansas. The $2.65 million transaction boosts FSB's direct ownership from 9.78 percent to 10.8 percent.

Farmers Bank & Trust Branches Out to Wilson

by George Waldon 6/6/2016 12:00 am

Farmers Bank & Trust of Blytheville is deepening its market penetration in Mississippi County with a Wilson location. The branch affords an opportunity that belies the size of the community (population 900).

Mark Zweig Scoops Up University Village (NWA Real Deals)

by Marty Cook 5/30/2016 12:00 am

Builder Mark Zweig of Fayetteville paid $2.25 million for the 20,000-SF University Village shopping center on West 15th Street in Fayetteville.

2 Banks Join Arkansas Business' Largest Private Companies List

by Gwen Moritz 5/30/2016 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $34.2 billion in their most recent fiscal years, up more than 4 percent in a year.

Rehab & Health Care Center Attracts $3.5M Transaction (Real Deals)

by George Waldon 5/30/2016 12:00 am

FC Encore Properties B Holdco LLC, an affiliate of Formation Capital of Atlanta, purchased Chenal Rehabilitation & Healthcare Center at 3115 S. Bowman Road.

Eyenalyze Receives Funding From Cadron Creek Capital

by Arkansas Business Staff 5/27/2016 10:58 am

The funding will be used to further Eyenalyze's solution which simplifies restaurant back-office business including inventory, plating cost and employee tracking – all while providing end data that is useful and compatible with financial analysis and reporting.

Eyenalyze Gets Seed Funding from Cadron Creek Capital

by Sarah Campbell 5/27/2016 10:38 am

Eyenalyze of Conway, which provides CPA-friendly back-office solutions for restaurants, announced Friday that it has received seed funding from seed capital investment fund Cadron Creek Capital of Conway.