Banking & Finance Archive

Wal-Mart's March into Financial Services Unsettling to Some

by Mark Friedman 5/12/2014 12:00 am

When Wal-Mart Stores Inc. abandoned its plans to own a bank operation in 2007, it didn't shelve the idea of offering financial services. Last month, the Bentonville retailer unveiled its latest entry into the financial services arena by offering customers a cheaper way to transfer money to any of its 4,200 Wal-Mart stores in the United States.

LaFrances Lead Investors Through Wisconsin's Greenwood's State Bank

by George Waldon 5/12/2014 12:00 am

What started as a niche lending venture in Wisconsin for the Stephen LaFrance family has morphed into a financial turnaround effort with more extensive Arkansas ties.

Arvest Bank Promotes Marcus Guinn, Keith Carlson

by Arkansas Business Staff 5/12/2014 12:00 am

Arvest Bank has promoted Marcus Guinn to executive vice president and loan manager in Little Rock and Keith Carlson to mortgage loan officer in Sherwood.

Banker's Bank Hires Cara Lank As VP, Credit Officer

by Arkansas Business Staff 5/12/2014 12:00 am

First National Banker's Bankshares Inc. has announced the hiring of Cara Lank to the position of vice president and credit officer for First National Banker's Bank.

Arkansas State Bank Department Makes New Hire, Announces Promotions

by Arkansas Business Staff 5/12/2014 12:00 am

The Arkansas State Bank Department has promoted Bob Henry to bank certified examinations manager.

U.S. Bank Promotes Massie To District Manager in Missouri

by Arkansas Business Staff 5/12/2014 12:00 am

U.S. Bank has promoted Michelle Massie, formerly manager of its Mountain Home office, to the position of district manager for the south district of the southeast Missouri region.

IberiaBank Promotes Jay Meador, Kirk Brinkley, Jennifer Smith

by Arkansas Business Staff 5/12/2014 12:00 am

IberiaBank has announced the promotions of Jay Meador to senior vice president and commercial banker in Little Rock, Kirk Brinkley to vice president in Paragould and Jennifer Smith to vice president in Jonesboro.

Exchange Capital Corp. Hires Amy Ball as Account Manager

by Arkansas Business Staff 5/12/2014 12:00 am

Amy Ball has joined Exchange Capital Corp. in Conway as an account manager.

Terri French Promoted at FNBC Bank of Ash Flat

by Arkansas Business Staff 5/12/2014 12:00 am

Terri French has been promoted to vice president of retail operations by FNBC Bank of Ash Flat — formerly First National Banking Co.

Big Changes to Arkansas' Bank Landscape in Past Year

by Gwen Moritz 5/12/2014 12:00 am

At this point in 2013, Simmons First National Corp. of Pine Bluff was a $3.5 billion holding company with eight subsidiary bank charters and little name recognition outside Arkansas. But by the end of 2014, Simmons' corporate assets will have nearly doubled, making it the third-largest banking concern headquartered in Arkansas as ranked by assets.

Bank of the Ozark's $216M Acquisition Nears Its Summit

by George Waldon 5/12/2014 12:00 am

The pending acquisition of Summit Bancorp Inc. of Arkadelphia by Bank of the Ozarks Inc. of Little Rock is heading into the station. Since the Jan. 30 announcement, the approval process has moved at a rapid clip.

First National Banker's Bank's Jim Franks on Why Your Bank Needs a Backup

by Arkansas Business Staff 5/12/2014 12:00 am

Jim Franks has worked at First National Banker's Bank and its predecessor, Arkansas Bankers Bank, for seven years. Franks worked full time at a financial institution while attending night law school. After a stint in private law practice, he spent 24 years with his family's bank, the Bank of Prescott.

Summit's CEO Ross Whipple To Plant Big Stake in Bank of the Ozarks After Merger

by Arkansas Business Staff 5/12/2014 12:00 am

When the acquisition of Summit Bancorp is completed later this month, Ross Whipple also will become one of the largest shareholders at Bank of the Ozarks Inc. of Little Rock.

Pair of Million-Dollar Deals Milked in Faulkner County

by Arkansas Business Staff 5/12/2014 12:00 am

Commercial space encompassing 8,500 SF rang up a $1.3 million sale in Conway, and land for a Wal-Mart Neighborhood Market in Greenbrier was acquired in a $1.07 million deal.

One Bank Sues Insurance Company, Seeking $2M

by George Waldon 5/9/2014 07:32 am

One Bank & Trust has tried unsuccessfully to collect $2 million on its financial institution bond, and now the Little Rock lender has gone to federal court with its grievance against the Travelers Indemnity Co., an affiliate of St. Paul Mercury Insurance Co.

Southern Bancorp: Record Year for Free Tax Prep Services

by Mark Carter 5/7/2014 01:36 pm

Southern Bancorp announced Wednesday that its annual, free tax preparation service resulted in almost 3,000 tax returns and more than $6 million in refunds and credits for underserved individuals and families in Arkansas and Mississippi in 2014.

Simmons First Grabs Another One: First State Bank of Union City, Tennessee

by Gwen Moritz 5/6/2014 03:58 pm

Simmons First National Corp. of Pine Bluff is continuing its shopping spree by announcing a $243.4 million deal to buy Community First Bancshares Inc. of Union City, Tennessee, and its $1.9 billion subsidiary bank, First State Bank.

George Gleason Receives LR Rotary Club Award

by Lee Hogan 5/6/2014 02:48 pm

George Gleason, chairman, CEO and largest shareholder of Bank of the Ozarks Inc., was honored Tuesday afternoon by the Rotary Club of Little Rock as the 2014 honoree of the Business & Professional Leader of the Year Award.

Incoming ASU Business Dean Shane Hunt Plans for A New Era In Business

by Luke Jones 5/5/2014 12:00 am

Shane Hunt won't officially start his new job as Arkansas State University's business dean until June 16, but he already has plans for future Arkansas entrepreneurs.

Acme Files Chapter 11 to Avoid Takeover

by George Waldon 5/5/2014 12:00 am

The parent company of Allied Bank of Mulberry was steered into bankruptcy to stave off a possible takeover by a fellow lender. The defensive move buys Acme Holding Co. more time to work out a solution with Chambers Bank of Danville and other creditors.