Banking & Finance Archive

Simmons First Announces Plans to Combine Bank Charters

by Lance Turner 3/5/2014 04:24 pm

Simmons First National Corp. of Pine Bluff says it will collapse its six state bank charters into its flagship Pine Bluff charter, Simmons First National Bank. The company expects the move save money and increase efficiency.

Compensation Unchanged for Most Home BancShares Execs

by George Waldon 3/4/2014 03:38 pm

The 2013 compensation packages among the five top executives at Home BancShares Inc. of Conway didn't grow except for one: Tracy French, regional president of Centennial Bank, was awarded an 18 percent increase.

Centennial Bank Promotes Deana Osment, Ed Way to New Posts

by Lee Hogan 3/4/2014 10:20 am

Centennial Bank has promoted Deana Osment and Ed Way to new positions in the company's northeast Arkansas market.

More Workers Earning Graduate College Degrees, Earnings

by Arkansas Business Staff 3/3/2014 12:00 am

The U.S. Census Bureau reports that the number of adults who finished some graduate school rose 24 percent from 2008 to 2013, increasing from 29 million to 36 million.

AY Drops Publication of Talk Business

by Luke Jones 3/3/2014 12:00 am

A shakeup has occured between former publication partners Vicki Vowell and Roby Brock. Since 2012, Vowell Inc., which publishes Little Rock's AY Magazine, had also been printing Brock's bimonthly Talk Business Arkansas publication. But late last month Brock announced that he and Vowell were no longer working together.

Matt Hicks New Market President at Rogers and Bentonville Centennial Bank

by Arkansas Business Staff 3/3/2014 12:00 am

Matt Hicks was recently promoted to market president of Centennial Bank in Rogers and Bentonville. “Matt is very involved in the community and his leadership skills will help further build upon our reputation for strength and service,” said Scott Hancock, Centennial Bank Division president.

Convicted Beebe Banker Banned From Industry

by Gwen Moritz 2/28/2014 11:09 am

A Beebe banker scheduled to enter federal prison in less than two weeks has been banned from working in the banking industry in the future.

Sale of Bald Knob Bank Completed

by Gwen Moritz 2/26/2014 11:18 am

Southern Missouri Bancorp Inc. of Poplar Bluff completes its acquisition of Citizens State Bankshares of Bald Knob Inc. on Friday.

OZRK CEO George Gleason's Pay, Options Exceed $8M in 2013

by Gwen Moritz 2/26/2014 11:08 am

George Gleason, chairman, CEO and largest shareholder of Bank of the Ozarks Inc., was paid $4.3 million in total compensation last year and realized an additional $3.8 million by exercising stock options.

John Hugg, Jill Darling Named Top Executives at Arkansas Business of the Year Awards

by Arkansas Business Staff 2/26/2014 07:31 am

Each year, Arkansas Business Publishing Group sponsors the awards to honor businesses in three categories related to number of employees as well as business executives, nonprofit executives and nonprofit organizations in Arkansas.

Simmons First Promotes Kish Ivey as Senior Vice President (Movers & Shakers)

by Arkansas Business Staff 2/24/2014 12:00 am

Kish Ivey was recently promoted to senior vice president at Simmons First National Corp. in Pine Bluff. Ivey has more than six years of experience with Simmons and previously held the position of compliance manager for Simmons First National Bank.

Beebe Taps Gene Eagle To Head Arkansas Development Finance Authority

by Arkansas Business Staff 2/24/2014 12:00 am

Gene Eagle was recently appointed president of the Arkansas Development Finance Authority by Gov. Mike Beebe, succeeding Mac Dodson, who retired on Jan. 31. The ADFA specializes in low-cost financing for low- to moderate-income housing development, small industries and agricultural businesses.

Judge To Rule On Rogers Bancshares Liquidation Plan in March

by Arkansas Business Staff 2/24/2014 12:00 am

As the Chapter 11 bankruptcy of Rogers Bancshares Inc. of Little Rock winds down, it looks like the secured creditors will be taken care of to the tune of nearly $45 million.

First National Banking Co. Changes Name to FNBC Bank

by Arkansas Business Staff 2/24/2014 12:00 am

First National Banking Co. of Ash Flat is no longer a national bank, having been approved for conversion to a state bank charter in January.

First Federal Bancshares Plans Stock Buyback

by Gwen Moritz 2/20/2014 07:07 am

First Federal Bancshares of Arkansas Inc., the holding company for First Federal Bank of Harrison and prospective buyer of First National Bank of Hot Springs and Heritage Bank of Jonesboro, announces the buyback of up to $1 million worth of publicly traded stock.

One Bank, Dick Torti Reach Deal on Dual Role in Scooter Stuart Case

by Arkansas Business Staff 2/17/2014 12:00 am

Officials at the $386.4 million-asset bank agreed not to challenge Torti's dual role as executor of Layton “Scooter” Stuart's estate and trustee of the Stuart family trust.

Creating an Engaged Workforce (John Hendon Commentary)

by John Hendon 2/17/2014 12:00 am

Employee engagement is simply a combination of job satisfaction, ability and a willingness to perform for one's organization at a high level and over an extended time. This combination of satisfaction, ability and willingness is more critical today than ever before in business.

Meet the Finalists of the 26th Annual Arkansas Business of the Year Awards

by Arkansas Business Staff 2/17/2014 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.

Central Arkansas Office Space Vacancy Rate Slips

by Arkansas Business Staff 2/10/2014 12:00 am

The vacancy rate for commercial office space in central Arkansas fell to 11.5 percent in fourth-quarter 2013, compared with 11.9 percent in third-quarter 2013 and 11.8 percent in the year-earlier quarter. The national average in the fourth quarter was 15.6 percent, according to the Central Arkansas Commercial Data Exchange.

Time Magazine Recognizes Jeff Teague with National Dealer Honor

by Gwen Moritz 2/10/2014 12:00 am

Jeff Teague, president of Teague Auto Group in El Dorado, was named Time magazine's national Dealer of the Year for 2014 at the National Automobile Dealers Association's recent convention in New Orleans.