Banking & Finance Archive

Golden Bankruptcy Reveals Allcorp Deal

by George Waldon 3/13/2017 12:00 am

A possible bank stock sale and details of a legal settlement are part of the bankruptcy narrative in the 66-page Chapter 7 filed by Lex and Ellen Golden of Little Rock.

Managing Small-Business Cash Flow (Marcus Guinn Expert Advice)

by Marcus Guinn 3/13/2017 12:00 am

Cash flow is the largest determining factor of a small business' success or failure. Before a company opens for business, there should be a plan in place for managing cash flow.

The Policy Rule Debate: A Simpler Solution (James Bullard Commentary)

by James Bullard 3/13/2017 12:00 am

The Federal Reserve should issue a quarterly monetary policy report to better explain its actions and projections on a regular basis.

Shelia Cannon Turns to Stone Bank (Movers & Shakers)

by Arkansas Business Staff 3/13/2017 12:00 am

Shelia Cannon has been named a professional banker on the retail banking team at Stone Bank in White Hall.

Downtown Startup Space Among Conway Chamber's Priorities

by Sarah Campbell 3/10/2017 11:38 am

The Conway Area Chamber of Commerce said Thursday it will raise public and private money for seven "generation defining" projects, including a startup space that Conway Corp. has said it will pay for.

Simmons Bank Buys Acxiom Building in Downtown Little Rock

by George Waldon 3/10/2017 10:39 am

Simmons Bank of Pine Bluff bought the 12-story Acxiom Building in downtown Little Rock, and Acxiom Corp. will move its headquarters back to Conway, where it was founded, the two companies announced Friday.

Lex Golden Lists Nearly $8 Million in Liabilities in Bankruptcy Filing

by Arkansas Business Staff 3/6/2017 12:00 am

Lex Golden, the Little Rock banker who once controlled two Arkansas financial institutions, recently filed Chapter 7 bankruptcy.

Auto Dealership Buys Surpass $41 Million (Real Deals)

by George Waldon 3/6/2017 12:00 am

Affiliates of Little Rock's McLarty Auto Group bought four auto properties from affiliates of Asbury Automotive Group of Duluth, Georgia.

Podiatrist's Purchase of Convention Center Gives Texarkana Officials Cold Feet

by Mark Friedman 3/6/2017 12:00 am

A Texas podiatrist with a past that includes a federal conviction wants to buy the troubled Arkansas Convention Center & Holiday Inn out of bankruptcy — and that has some Texarkana officials on the Arkansas side concerned.

Midsouth Bank Accuses Arkansas Convention Center Owner of Fraud

by Mark Friedman 3/6/2017 12:00 am

MidSouth Bank of Lafayette, Louisiana, has asked a bankruptcy court judge not to allow Dr. Hiren D. Patel, who owns the Arkansas Convention Center & Holiday Inn in Texarkana, to be allowed to walk away from a $13.3 million debt he owes the bank.

What Is Economic Nationalism? (Craig Douglass On Consumers)

by Craig Douglass 3/6/2017 12:00 am

Consumers need to understand that the cost of a move toward economic nationalism is a cost that will be borne by us all.

Johnny Poole Joins Arvest Wealth in Little Rock (Movers & Shakers)

by Arkansas Business Staff 3/6/2017 12:00 am

Johnny Poole has joined Arvest Wealth Management in central Arkansas as senior vice president and regional manager.

Home BancShares Leader Gets Pay Boost in 2016

by Lance Turner 3/3/2017 11:14 am

Home BancShares Inc. Chairman Johnny Allison received a $3.6 million compensation package in fiscal 2016, up from $2.8 million in the previous year, according to the company's proxy statement.

IberiaBank to Buy Sabadell United In $1B Deal

by Arkansas Business Staff 3/1/2017 11:34 am

IberiaBank Corp. of Lafayette, Louisiana, agrees to buy Sabadell United Bank N.A. from Banco de Sabadell S.A. of Barcelona in a stock and cash transaction valued at $1.025 billion.

Paul D. Kanneman Named CIO at Simmons Bank

by Arkansas Business Staff 2/28/2017 10:04 am

Simmons Bank says Paul D. Kanneman joined the company as executive vice president and chief information officer.

Sentencing Set for Fort Smith Developer Brandon Woodrome

by Arkansas Business Staff 2/27/2017 12:00 am

Brandon Woodrome, the 29-year-old Fort Smith construction company owner, will be sentenced April 18 for one count each of bank fraud and wire fraud.

'Colorado Craftsman' Project Enters Little Rock Market

by George Waldon 2/27/2017 12:00 am

A failed subdivision in southwest Little Rock has been reimagined as a townhome neighborhood with a Western flair by the partners in Big Rock Development.

Farmers Bank Shareholders Set for $4.5 Million Cash Out

by George Waldon 2/27/2017 12:00 am

The pending $4.5 million sale of Farmers Bank of Hamburg will further pare the headcount of Arkansas lenders with less than $50 million in assets to four.

Diamond Bank Opens Branch In Crowded Ashdown Market

by George Waldon 2/27/2017 12:00 am

Diamond Bank of Murfreesboro is expanding its southwest Arkansas footprint by opening an Ashdown branch.

Tandem Self-Storage Sales Combine for $5.2 Million (Real Deals)

by George Waldon 2/27/2017 12:00 am

SSCP Geyer Springs Rd LLC acquired the 376-unit project at 8015 Geyer Springs Road for $3.16 million, and SSCP Leon Circle LLC purchased the 562-unit project at 6100 Leon Circle for $2.09 million.