Banking & Finance Archive

You Can Make Nominations Now for Arkansas Business 40 Under 40

by Arkansas Business Staff 3/4/2016 07:00 am

For the 23rd consecutive year, Arkansas Business is seeking nominations for its 40 Under 40 program, which recognizes 40 professionals under the age of 40 who excel in their profession and are leaving their mark on the Arkansas business and nonprofit community.

Cantu, Tooley Join Arvest Bank in Springdale's Board

by Arkansas Business Staff 3/3/2016 03:08 pm

Arvest Bank in Springdale this week named two new directors to its advisory board: Eddie Cantu of Centro Cristiano Hispano Assembly of God Church and Russell Tooley of Tyson Foods Inc.

Bank of the Ozarks Aims to Add 2 to Board of Directors

by George Waldon 3/1/2016 11:37 am

Two new members are nominated to join the board of directors at Little Rock's Bank of the Ozarks Inc.

Allied Bank Liquidates Wiederkehr Village OREO

by Arkansas Business Staff 2/29/2016 12:00 am

Allied Bank of Mulberry sold about 382 acres in the wine tourism spot for about $1.2 million.

M&M Cleanup Company Meets Messy End

by Mark Friedman 2/29/2016 12:00 am

Instead of soaring under new ownership, M&M Environmental Group, which provided environmental services to the oil and gas industries, went into a tailspin. So did the relationship between McFadin and the Omega Group; eventually the two sides deadlocked on whether to file for bankruptcy protection late last year.

Arkansas Colleges Live With Legacy of 1942 Vote

by Gwen Moritz 2/29/2016 12:00 am

Placed on the statewide ballot by petition and adopted on Nov. 3, 1942, Amendment 33 insulated institutes of higher education and “all charitable, penal or correctional institutions” from the whims and provincialism of politicians.

Scooter Stuart's Fall Still Feeds Litigation

by George Waldon 2/29/2016 12:00 am

Only a handful of lawsuits that erupted from the upheaval at One Bank & Trust continue to wind through the court system.

MacArthur Commons Sells for $10.5 Million (Real Deals)

by George Waldon 2/29/2016 12:00 am

A 59-unit apartment project in downtown Little Rock weighed in at $10.5 million. MacArthur Commons LLC, led by David Thompson, bought its namesake project at 414 E. Capitol Ave.

One Bank Customer Solaroli Sentenced to One Year in Federal Prison

by Gwen Moritz 2/26/2016 06:17 pm

"I think when you steal $1.5 million, you deserve prison," Chief U.S. District Judge Brian Miller of Little Rock told Alberto Solaroli, the Canadian citizen who pleaded guilty to laundering proceeds from a 2007 bank loan.

Simmons Bank to Lead Conference on Declining Delta Population

by Arkansas Business Staff 2/23/2016 04:08 pm

Simmons Bank will sponsor "The Arkansas Delta: Why It Still Matters," a conference on the future of the Arkansas Delta region.

Bear State Suit Puts Walter Quinn Jet on the Radar

by Arkansas Business Staff 2/22/2016 12:00 am

A new lawsuit has taken flight in search of money and assets from Little Rock businessman Walter Quinn.

Auctioneer Punished for Tipping Off John Rogers

by George Waldon 2/22/2016 12:00 am

Doug Allen, a partner with John Rogers in Legendary Auctions, received a stiffer sentence for fraud and other charges because of a March 2014 conversation with Rogers, who was wearing a wire for federal investigators.

Kathy Deck Takes Seat on Real Estate Industry Council (Movers & Shakers)

by Arkansas Business Staff 2/22/2016 12:00 am

Kathy Deck, director of the Center for Business & Economic Research at the Walton College of Business at the University of Arkansas at Fayetteville, has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis.

Arvest Bank Names New Morrilton VP

by Arkansas Business Staff 2/19/2016 10:26 am

Arvest Bank announced Friday that William "Will" Fisher has been hired as a senior vice president in the bank's commercial banking division in Morrilton.

The Future of the Community Bank in an Era of Consolidation (Aaron Brooks Commentary)

by Aaron Brooks 2/18/2016 12:24 pm

Why are community banks — including some in Arkansas — increasingly deciding that now is the time to sell? Aaron Brooks writes that the reasons go well beyond Dodd-Frank.

Heartland Bank Takes Over Allied Bank's Last Little Rock Branch

by Arkansas Business Staff 2/15/2016 12:00 am

The location of Allied Bank's last operational branch in Little Rock recently was forfeited in lieu of foreclosure.

Crestwood Manor Sale Tops $9 Million (Real Deals)

by George Waldon 2/15/2016 12:00 am

Crestwood Manor, a 228-unit apartment project in the Hillcrest area of Little Rock, was purchased by an Alabama affiliate.

Unemployment Falls in Arkansas Metros in 2015

by Arkansas Business Staff 2/15/2016 12:00 am

Unemployment in Arkansas' metropolitan areas has fallen significantly in the last year, notes Michael Pakko, an economist at the University of Arkansas at Little Rock.

Heartland Bank Braces For 2016

by George Waldon 2/15/2016 12:00 am

Heartland Bank of Little Rock and its parent company, Rock Bancshares Inc., have started 2016 amid changes in management, board membership and more.

Arkansas Business Recognizes Finalists of 28th Annual Business of the Year Awards

by Arkansas Business Staff 2/15/2016 12:00 am

Since 1988, Arkansas Business has honored the state's top executives, small businesses and nonprofits with the annual Arkansas Business of the Year Awards. Readers make nominations and an independent panel of judges selects the winners.