Banking & Finance Archive

NLR Manufacturer Files for Chapter 11

by Arkansas Business Staff 4/13/2015 12:00 am

O.D. Funk Manufacturing Inc. of North Little Rock, which has been in business since 1976, has filed for Chapter 11 reorganization.

Bridgeway Hospital Sells for $17.3 Million (Real Deals)

by George Waldon 4/13/2015 12:00 am

A North Little Rock psychiatric hospital weighed in at $17.3 million. A west Little Rock bowling project scored a $3.02 million transaction. And a 7,605-SF medical office building in west Little Rock tipped the scales at $1.6 million.

Allied Bank Assets Undervalued — or Not

by George Waldon 4/13/2015 12:00 am

Among the Allied Bank assets discussed during Acme Holding's recent bankruptcy hearing were energy stocks valued at $3.8 million in a 2012-13 appraisal.

Bankruptcy Judge Considers Allied Bank Auction

by George Waldon 4/13/2015 12:00 am

The continued ownership of Allied Bank by the Lex Golden family is under judicial review after a recent two-day bankruptcy hearing in Fayetteville. U.S. Bankruptcy Judge Ben Barry will decide in the coming weeks whether Acme Holding Co. should be liquidated, resulting in the sale of Allied, the $111 million-asset bank chartered in Crawford County.

Quarterly Business Analysis Luncheon Set for May 8 in Fayetteville

by Arkansas Business Staff 4/9/2015 11:49 am

Kathy Deck, director of the Center for Business and Economic Research, will present her regular Quarterly Business Analysis as a luncheon on Friday, May 8.

Fort Smith Retakes Top Spot in Arkansas Tech Business Index

by Mark Carter 4/7/2015 09:36 am

The index is a comprehensive measure that provides a snapshot of economic activity in Arkansas cities. It encompasses a labor index, housing market index, construction index and retail sales index.

Plea Deal for Dennis Smiley Jr. In the Works

by Arkansas Business Staff 4/6/2015 12:00 am

A plea deal for Dennis Smiley Jr., former Benton County market president for Arvest Bank, is nigh.

Foreclosure Sales Lead Off Recent Million-Dollar Deals

by Arkansas Business Staff 4/6/2015 12:00 am

Little Rock provides a trio of million-dollar transactions this week with an apartment complex, mansion and high-rise condo.

Bear State's Chris Wewers Moves to Southern Bancorp

by Arkansas Business Staff 4/6/2015 12:00 am

Perhaps you heard that a top executive at Little Rock's Bear State Bank has migrated to a new job: chief financial officer at Southern Bancorp Inc.

Vistage Provides Group Therapy for Executives

by Gwen Moritz 4/6/2015 12:00 am

When Arkansas CEOs come together at their Vistage support group, egos are checked at the door.

Arvest Firing Challenged in Bankruptcy Court

by Mark Friedman 4/6/2015 12:00 am

An Arkadelphia man says following bankruptcy law was a violation of Arvest's policy on employee debt and cost him his job.

Stonebridge Apartments Draw $31M Transaction (Real Deals)

by George Waldon 4/6/2015 12:00 am

A 260-unit apartment complex in west Little Rock tipped the scales at $31.58 million. The sale of a west Little Rock Walgreens weighed in at $6.2 million. And an 87,100-SF warehouse in the Little Rock Port area is under new ownership after a $2.55 million transaction.

Skyline Report: Residential Permits Down But Value Up in 2014's Second Half

by Lance Turner 4/2/2015 11:25 am

The number of residential building permits issued in northwest Arkansas fell in the second half of 2014 compared with the same time in 2013, but the value of those permits increased, a report says.

In Northwest Arkansas, Boozman Talks GMOs, Bank Regulations, Highways

by Marty Cook 4/2/2015 09:35 am

U.S. Sen. John Boozman talks GMO labeling, banking regulations and the Federal Highway Trust Fund in meetings with northwest Arkansas political and business leaders Wednesday.

Home BancShares Buys $289M in Loans, Plans Office in New York

by Arkansas Business Staff 4/1/2015 04:21 pm

Home BancShares Inc. of Conway, the parent company of Centennial Bank, said Wednesday that it has purchased $289 million in national commercial real estate loans from JC Flowers & Co. LLC.

Bean Lumber Case Closed Over 'Failure To Communicate'

by Arkansas Business Staff 3/30/2015 12:00 am

U.S. District Judge James Moody Jr. recently tossed out a case that Grady Bean, CEO of the defunct Bean Lumber Co. of Glenwood, and his company filed back in 2013 because of Bean's “failure to communicate,” according to Moody's order.

Niel Crowson Appointed to A-State Board of Trustees (Movers & Shakers)

by Arkansas Business Staff 3/30/2015 12:00 am

Niel Crowson has been appointed to a five-year term on the ASU Board of Trustees. Crowson currently serves as president and CEO of E.C. Barton & Co. in Jonesboro.

Return on Equity: Top 14 Performers Dot Arkansas

by George Waldon 3/30/2015 12:00 am

Fourteen lenders based in Arkansas produced returns on equity (ROE) that topped 13 percent during 2014. The banks were scattered across the state and represented some of the largest and smallest financial institutions.

Arkansas Labor Force Rises by 9,000

by Arkansas Business Staff 3/30/2015 12:00 am

As the unemployment rate in Arkansas is falling the size of the labor force is increasing, as these charts by Michael Pakko, the state's economic forecaster, show.

Jonesboro Developer Bruce Burrow's Pyrrhic Victory

by George Waldon 3/30/2015 12:00 am

Officially launched 11 years ago, The Mall at Turtle Creek represents a landmark development long envisioned for the property by Bruce Burrow. The hybrid retail project — part mall and part lifestyle center — became a high-water mark in his storied career.