Banking & Finance Archive

Christopher Wewers Elected CEO of First Federal Bancshares

by Lance Turner 3/28/2013 03:39 pm

First Federal Bancshares of Arkansas Inc. of Harrison says president and COO Christopher M. Wewers will be CEO of company and its bank, First Federal Bank, effective June 30.

Arkansas Improves to C- Grade for Transparency of Government Spending

by Mark Friedman 3/27/2013 10:23 am

The state of Arkansas improved from F to a C- grade for its government spending transparency, according to an annual report released Tuesday by the United States Public Interest Research Group Education Fund of Boston.

Former One Bank CEO Layton 'Scooter' Stuart Dies at 62

by Arkansas Business Staff 3/26/2013 04:00 pm

Layton "Scooter" Stuart, the former chairman and CEO of One Bank & Trust, died Tuesday afternoon at St. Vincent Infirmary Medical Center in Little Rock. He was 61. Stuart was the owner of OneFinancial Corp., the holding company for One Bank.

Arvest Closes on Purchase of 29 Bank of America Branches

by Lance Turner 3/25/2013 10:22 am

Arvest Bank of Fayetteville says it has closed on its purchase of 29 bank branches in four states, including Arkansas, from Bank of America Corp.

Feds Studying Suspect Paperwork Tied to One Bank

by George Waldon 3/25/2013 12:00 am

Officials at Hydco Inc., a North Little Rock general contracting firm, and the Little Rock architectural firm of Witsell Evans & Rasco are among those who have been questioned about alleged work done for the $439.7 million-asset lender.

One Bank Rebuilds Its Leadership

by George Waldon 3/25/2013 12:00 am

The Feb. 15 hiring of Larry Brown as senior vice president and manager of credit administration marks the second step in rebuilding the executive cadre at Little Rock's One Bank & Trust.

ContourMed Moves From Bankruptcy, Changes Business Model

by Mark Friedman 3/25/2013 12:00 am

ContourMed Inc. of Little Rock surfaced from Chapter 11 bankruptcy earlier this month. CEO Barry Corkern says he expects to have $500,000 in revenue by the end of this year.

University Clarion Target of $13.5 Million Foreclosure Suit

by Arkansas Business Staff 3/25/2013 12:00 am

Liberty Bank of Arkansas has filed a foreclosure lawsuit in Pulaski County Circuit Court in an attempt to recover the property at 925 S. University Ave. in Little Rock that until recently was known as the Hilton Medical Center.

Tamika Edwards Named to Federal Reserve Advisory Council (Movers & Shakers)

by Arkansas Business Staff 3/25/2013 12:00 am

Tamika Edwards has been appointed to a three-year term on the Federal Reserve Bank of St. Louis' Community Development Advisory Council.

Tommy May's Total Pay Reaches $1.1 Million in 2012

by Lance Turner 3/21/2013 03:14 pm

J. Thomas May, chairman and CEO of Simmons First National Bank Corp. of Pine Bluff, made more than $1.1 million in compensation in 2012, according to the financial holding company's annual proxy, filed on Monday.

Texas Mortgages Sold by Metropolitan to The Broe Group

by Arkansas Business Staff 3/18/2013 12:00 am

We don't have a lot of details yet, but the year-end sale of assets by Little Rock's Metropolitan National Bank to The Broe Group of Denver included mortgages in Texas.

IRS Eying Builder Mike Hill After Bankruptcy

by Arkansas Business Staff 3/18/2013 12:00 am

Earlier this month, Mike Hill agreed that the Internal Revenue Service could slap a $468,815 judgment against him personally. The amount was for unpaid federal employment taxes owed from MDH Builders. The taxes are owned for parts of 2008 and 2009, according to the government's lawsuit filed in U.S. District Court in Little Rock.

Gary Rickenbach Officially Out, Larry Brown In at One Bank

by Arkansas Business Staff 3/18/2013 12:00 am

Little Rock's One Bank & Trust executive revolving door continues to turn with a new hire to its executive team and the formal exit of one of its top execs, Gary Rickenbach, executive vice president, chief loan officer and director, who was placed on paid administrative leave back on Jan. 30.

Legislative Roundup: Lawmakers Set to Move Ahead With Steel Mill

by Mark Carter 3/15/2013 09:44 am

Arkansas lawmakers this week received reports from two consultants hired by the state to study the economic impact of the proposed $1 billion Big River Steel project in Mississippi County.

Skyline Report: Northwest Arkansas Housing Market On The Rebound

by Chris Bahn 3/12/2013 03:22 pm

Building permits issued for the final six months of 2012 represented a 53 percent increase from that same period in 2011, according to the Skyline Report, released by Arvest Bank and the Center for Business and Economic Research at the University of Arkansas' Walton College of Business.

George Gleason's 2012 Salary Tops $1.2M

by George Waldon 3/11/2013 10:53 am

George Gleason, chairman and chief executive officer of Little Rock's Bank of the Ozarks Inc., receives a 15.3 percent raise that boosts his salary to more than $1.2 million.

Broe Group Invests Cash In Arkansas Loans, More

by George Waldon 3/11/2013 12:00 am

The Broe Group of Denver dipped its considerable toe in the state when Metropolitan National Bank of Little Rock sold assets to raise cash and tidy its balance sheet.

3 Downtown Little Rock Projects on Track for Completion This Year

by Luke Jones 3/11/2013 12:00 am

Three of the most imminent projects are the new Residence Inn by Marriott next to the Interstate 30 ramp at 219 River Market Ave., the Mann on Main Redevelopment at Fourth and Main streets and the Arcade Building, a new multi-use office and retail space at 100 River Market Ave.

Value of Top Commercial Deals Slips 17 Percent

by George Waldon 3/11/2013 12:00 am

This year's top 30 commercial real estate transactions in Pulaski County carry a total value of more than $151 million. That represents a 17 percent drop compared with last year's total of more than $183 million.

Gun Trusts Offer Legal Protection To Owners

by Mark Friedman 3/11/2013 12:00 am

For gun owners who fear their weapons might be taken away through bankruptcy liquidation or a possible future ban on the transfer of assault weapons, there's a relatively new legal maneuver that might help: a gun trust.

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