Banking & Finance Archive

Southern Bancorp to Buy Farmers Bank of Hamburg

by George Waldon 1/25/2017 11:39 am

Southern Bancorp Inc. of Arkadelphia said Wednesday that it will acquire Farmers Bank of Hamburg in a $4.5 million cash-and-stock deal.

Farmers Bank & Trust Names Chris Gosnell CEO

by Arkansas Business Staff 1/24/2017 11:21 am

Farmers Bank & Trust of Magnolia says its board of directors has named Chris Gosnell president and CEO, effective immediately.

Simmons to Buy Fort Worth Bank in Third Deal Since November

by Arkansas Business Staff 1/23/2017 05:06 pm

Simmons First National Corp. of Pine Bluff announced Monday a $462 million cash-and-stock deal to acquire First Texas BHC Inc. of Fort Worth and its $2 billion-asset subsidiary Southwest Bank. "We now have the opportunity to substantially grow our presence in the Fort Worth metropolitan area by joining with one of the best run, most respected financial organizations in Texas," Makris said.

John Rogers' Creditors Line Up For $1.5 Million

by George Waldon 1/23/2017 12:00 am

The battle over the biggest asset remaining from John Rogers' murky business dealings and insolvent ventures begins next week in Little Rock.

Regions Center Consultant: 'Improper Actions' Led to Bankruptcy

by Arkansas Business Staff 1/23/2017 12:00 am

The owners of the 30-story Regions Center in downtown Little Rock weren't able to refinance a $32 million loan before it matured on Sept. 1. That put the owners on the road to bankruptcy court.

Financial Trouble Among Competing Convention Centers Split in Texarkana

by Arkansas Business Staff 1/23/2017 12:00 am

MidSouth Bank of Lafayette will be paid proceeds from the sale of a Texarkana hotel which was sold through the bankruptcy of convention center investor Dr. Hiren Patel.

Ty Matlock Takes Associate Seat with United Federal Credit Union (NWA Movers & Shakers)

by Arkansas Business Staff 1/23/2017 12:00 am

Ty Matlock has been named associate director of the board of directors of United Federal Credit Union, headquartered in St. Joseph, Michigan.

4Q, Full-Year Results Up at Home BancShares

by Lance Turner 1/19/2017 07:06 am

Home BancShares Inc. of Conway on Thursday announced fourth-quarter net income of $48.6 million, up nearly 30 percent from the same time last year. "The annual and quarterly earnings performance for 2016 exceeded expectations," Chairman John Allison said.

Simmons Reports 4Q Net Income of $27M

by Gwen Moritz 1/18/2017 05:05 pm

Simmons First National Corp. earned $27 million in the fourth quarter of 2016, a year-over-year increase of 13.4 percent, pushing its net income for the year to $96.8 million, an increase of more than 30 percent.

Machen Succeeds McFatridge as CEO of Bear State Financial

by Gwen Moritz 1/18/2017 04:06 pm

Mark McFatridge has resigned as CEO of Bear State Financial, and the board of directors of the publicly traded bank holding company announced Wednesday that Matt Machen will be his replacement.

Bank of the Ozarks Posts Record 4Q, Yearly Net Income

by George Waldon 1/17/2017 09:56 am

Bank of the Ozarks Inc. on Tuesday announced record fourth quarter net income of $87.8 million, a 71 percent increase from quarterly net income of $51.5 million a year ago.

SPONSORED: Four Essential Team Members Every New Business Needs

by 1/17/2017 08:00 am

Forming the proper team and doing your research are vital to getting a new business off the ground. Here are the four teammates you have to recruit first.

Simmons First Names Jerry Hunter, Mindy West to Board

by Arkansas Business Staff 1/16/2017 09:37 am

Simmons First National Corp. of Pine Bluff announced Friday the addition of Jerry M. Hunter of St. Louis, Missouri, and Mindy West of El Dorado to its board of directors.

Relyance, Citizens Banks Plan Hot Springs Branches

by Arkansas Business Staff 1/16/2017 12:00 am

Relyance Bank of Pine Bluff and Citizens Bank of Batesville are the first two buyers in a new light commercial development on the southeast side of Hot Springs, developer Ross Whipple confirmed last week.

Madeline Kurrus Moore Returns To Arvest HR

by Arkansas Business Staff 1/16/2017 12:00 am

Madeline Kurrus Moore has been hired as human resources manager for Arvest Bank's central Arkansas market.

Are 401(k) Costs Fair? Firms Can Analyze Fees

by Gwen Moritz 1/16/2017 12:00 am

The suspicion that one's 401(k) plan might be costing more in fees than necessary has taken root in the American consciousness.

American Household Debt Rises in 2016

by Arkansas Business Staff 1/16/2017 12:00 am

Total household debt in the United States rose by $63 billion to $12.35 trillion, a 0.5 percent increase, during the third quarter of 2016 compared with second-quarter 2016. That's according to the Federal Reserve Bank of New York, which issued its latest “Quarterly Report on Household Debt & Credit” Nov. 30.

Simmons First Eyes Downtown Acxiom Building in Little Rock

by Arkansas Business Staff 1/16/2017 12:00 am

If Simmons First National Corp. moves forward with an acquisition, it would facilitate the consolidation of about 200 staffers scattered around town.

Simmons, Home BancShares Set To Vault Into $10B Club

by George Waldon 1/16/2017 12:00 am

Arkansas membership in the $10 billion bank club should double by the end of September. Home BancShares Inc. and Simmons First National Corp. have two pending acquisitions that will help take them beyond $10 billion to join Arvest Bank Group Inc. and Bank of the Ozarks Inc.

Election Effect Boosts Arkansas Banks

by George Waldon 1/16/2017 12:00 am

Simmons First National Corp. and Home BancShares Inc. were among those companies enjoying sizable stock price bumps during the past two months.

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