Banking & Finance Archive

Home Ownership in Arkansas (Scott McElmurry Commentary)

by Scott McElmurry 6/29/2015 12:00 am

For several generations, owning a home has represented the biggest investment most people make, and it's at the top of the list of items that define the “American Dream.” Conventional wisdom has held that homeownership is a critical facet to overall financial stability. A recent survey revealed that while most respondents thought that owning a home is a good investment, their perception of the investment as “safe” has changed.

Arvest Survey: Arkansans Making Major Household Purchases

by Alexis Hosticka 6/23/2015 10:25 am

Arkansas consumers have more student loans but are carefully paying bills and making large purchases, according to the third installment of the spring 2015 Arvest Consumer Sentiment Survey. The survey said that 24 percent of Arkansas respondents plan to make a major household purchase in the next six months.

Number of Women-Owned Arkansas Businesses Rises

by Alexis Hosticka 6/23/2015 09:59 am

The number of women-owned businesses in Arkansas has increased by 73 percent since 1997, according to the fifth annual State of Women-Owned Business Report.

Bear State to Buy Missouri Bank for $70M

by Gwen Moritz 6/22/2015 04:29 pm

Bear State Financial Inc. of Little Rock, the publicly traded holding company for Bear State Bank, announced Monday that it will pay $70 million for a bank in Springfield, Missouri. The deal will push Bear State's asset base to about $2 billion and expand its network to 55 branches.

Bryan Burks Named VP of Advancement at Harding

by Arkansas Business Staff 6/22/2015 11:11 am

Burks currently is dean of the Paul R. Carter College of Business Administration at Harding. His appointment becomes effective July 15. He will direct Harding's advancement efforts and lead a team of seven fundraising professionals in the office.

Arkansas Business Presents the 40 Under 40 Class of 2015

by Gwen Moritz 6/22/2015 12:00 am

This week's Arkansas Business is dedicated to our 22nd class of 40 Under 40 honorees, those young leaders of business, government and nonprofits that our internal selection team believes readers need to know.

Eagle Bank To Make New Nest in Saline County

by Arkansas Business Staff 6/22/2015 12:00 am

Eagle Bank eased into the Conway market last year by opening a loan-production office and then converting it to a full-service branch. Now the Little Rock bank is planning the same kind of assault on Saline County.

No Timetable for Plea Deal in Dennis Smiley Jr. Case

by Arkansas Business Staff 6/22/2015 12:00 am

Whispers admitted it was going out on a limb by predicting in April that a plea deal for Arvest Bank's former Benton County market president Dennis Smiley Jr. was likely within a couple of weeks.

Bruised Lender Makes Showing Atop Best ROAs

by George Waldon 6/22/2015 12:00 am

An eclectic group emerged from the first quarter as top-performing lenders based in Arkansas. Measured by return on assets, the group of 10 represented large and small banks sprinkled around the state and a credit union. Two of the lenders are led by women.

McClelland Consulting Engineers Adds Three to Fayetteville Office (Movers & Shakers)

by Arkansas Business Staff 6/22/2015 12:00 am

Adam Lesso, William Fellows and Nick Batker have been hired by McClelland Consulting Engineers Inc. and will work from its Fayetteville office.

NLR Warehouse Draws $1.4 Million Transaction (Real Deals)

by George Waldon 6/22/2015 12:00 am

A 22,500-SF warehouse in North Little Rock tipped the scales at $1.46 million. A 13.7-acre residential parcel in west Little Rock weighed in at $1.25 million. And a 1,866-SF fast-food eatery in Little Rock is under new ownership after a $1 million transaction.

The Value of Humility (Editorial)

by Arkansas Business Editors 6/22/2015 12:00 am

Interviewing our 40 Under 40 honorees remains for the Arkansas Business staff an interesting and often uplifting assignment despite years of experience. Reading the stories of so many productive people is a cure for cynicism.

Arkansas Jobless Rate Steady at 5.7 Percent

by Arkansas Business Staff 6/19/2015 09:30 am

The state's unemployment rate was steady at 5.7 percent in May, according to data released Friday by the Arkansas Department for Workforce Services.

Simmons Unveils Ad Featuring Justin Moore

by Gwen Moritz 6/19/2015 08:42 am

A new advertising campaign featuring Justin Moore, the country music artist originally from Poyen, was unveiled Thursday night at Simmons First National Corp.'s annual shareholders meeting.

Phil Baldwin Tells Independence County to 'Dream Big'

by Alexis Hosticka 6/18/2015 03:12 pm

Through citizen involvement and a potluck of ideas, Independence County is aiming to leverage its strengths to improve its prospects in five key areas, including economic development. In doing so, Citizens Bank CEO Phil Baldwin is urging the county to aim high.

UA Names Colleen Briney to Business Affairs Post

by Arkansas Business Staff 6/18/2015 02:27 pm

Colleen Briney has been named the new associate vice chancellor for business affairs at the University of Arkansas, the university announced Thursday.

Report: Benton County Tops in US in Wage Growth

by Mark Carter 6/18/2015 09:07 am

The bureau measured the nation's 339 largest "jobs" counties, and Benton County's 9.9 percent wage growth from December 2013 to December 2014 was the highest in the U.S.

Home BancShares to Buy Florida Business BancGroup of Tampa

by George Waldon 6/17/2015 04:07 pm

Home BancShares Inc. of Conway is making another Florida bank buy, scooping up Florida Business BancGroup Inc. of Tampa. The $101.6 million transaction will push the company's asset total to $8.5 billion and its Tampa area branch network to 12.

Hutchinson Financial Sold to United Capital of California

by Arkansas Business Staff 6/16/2015 10:43 am

United Capital Financial Advisers LLC of Newport Beach, California, announced on Monday that it had entered the Arkansas market by acquiring Hutchinson Financial Inc., the Little Rock financial advisory founded by Eric Hutchinson in 1988.

Update: Judge Rejects Red Alert Media Matrix's $18M Offer For John Rogers Archive

by George Waldon 6/15/2015 01:45 pm

Pulaski County Circuit Judge Chris Piazza rejects a proposed $18 million offer to buy assets from embattled photo archivist and sports memorabilia dealer John Rogers.