Banking & Finance Archive

Speculation Brimming Over Potential Sale of Acxiom Building

by Arkansas Business Staff 11/21/2016 12:00 am

Simmons First National Corp. of Pine Bluff could be buying the Acxiom Corp. building in downtown Little Rock.

Malvern National Enters Walter Quinn Foreclosure

by Arkansas Business Staff 11/21/2016 12:00 am

Another party has joined foreclosure litigation against Little Rock businessman Walter Quinn, his wife, Terry, and the Quinn Living Trust.

Pinnacle, Central Bank Combo Builds Assets To $200M

by George Waldon 11/21/2016 12:00 am

There are a lot of moving parts to the acquisition equation in the pending merger of Pinnacle Bank of Rogers and Central Bank of Little Rock.

Allied Bank Not Alone on US List of Bank Failures

by George Waldon 11/21/2016 12:00 am

The September failure of the $66.3 million-asset Allied Bank of Mulberry marked the fifth lender in the nation to go under so far this year.

Confidence Continues Slump in US Institutions

by Arkansas Business Staff 11/21/2016 12:00 am

Americans' confidence in the country's major institutions remains low, lagging behind historical averages, according to the pollster Gallup.

Industrial Space Attracts $5.6 Million Transaction (Real Deals)

by George Waldon 11/21/2016 12:00 am

A company led by Rick Ferguson sells a 223,880-SF industrial project adjacent to the Goodwill facility on Scott Hamilton Drive in Little Rock to a group of four investment companies.

Simmons First to Pay $72M for Third Bank in Tennessee

by Gwen Moritz 11/17/2016 07:04 pm

Simmons First National Corp. of Pine Bluff has struck a deal to acquire another Tennessee bank: First South Bank of Jackson.

Home BancShares to Buy Bank of Commerce in Florida

by Lance Turner 11/17/2016 02:18 pm

A bankruptcy court in Florida declares Home BancShares Inc. of Conway the successful bidder to buy The Bank of Commerce, a Florida state-chartered bank that operates in the Sarasota area.

President-elect Not Affecting Economic Outlook

by Alexis Crowe 11/16/2016 11:21 am

Economists are not expecting a new president to have significant effects on the local or national economy and outlook, according to presentations at the Little Rock Economic Briefing on Wednesday.

Report Outlines Possible Changes to Arkansas Tax Code

by Sarah Campbell 11/14/2016 02:10 pm

The Tax Foundation, a national Washington-based nonprofit, releases "Arkansas: A Road Map for Tax Reform," a report on the state's tax code and recommendations for how to change it.

Trustee: Turner Grain Transferred $100M to Related Firms

by Mark Friedman 11/14/2016 12:00 am

Turner Grain Merchandising Inc. of Brinkley transferred nearly $100 million to its related companies a year before it filed for bankruptcy protection, according to lawsuits recently filed by its Chapter 7 trustee.

Home BancShares' Johnny Allison Dropped Hints of Florida Bank Deal

by Arkansas Business Staff 11/14/2016 12:00 am

Chairman Johnny Allison offered a sly comment during a July interview that may have foreshadowed Home BancShares' recent $88.5 million deal for Giant Holdings Inc., the parent of Landmark Bank of Fort Lauderdale, Florida.

Teresa Sutterfield To Manage Mountain View Service for Stone Bank (Movers & Shakers)

by Arkansas Business Staff 11/14/2016 12:00 am

Teresa Sutterfield's 37-year banking career includes positions as assistant vice president and branch manager for First Security Bank and branch manager for the Bank of Mountain View.

UCA Announces $1M Endowment for Study Abroad Programs

by Arkansas Business Staff 11/11/2016 02:48 pm

The University of Central Arkansas in Conway announced on Friday that Bunny and Carol Adcock have established a $1 million endowment for study abroad opportunities.

UALR, Jacksonville High Announce Promise Program

by Arkansas Business Staff 11/11/2016 10:49 am

The University of Arkansas at Little Rock and Jacksonville High School announced this week their new "Jacksonville Promise" program for JHS juniors and seniors, in the graduating classes of 2017-20.

Medical Marijuana: A Fact of Life for Arkansas Employers (Stuart Jackson Commentary)

by Stuart Jackson 11/10/2016 09:57 am

Arkansas is the latest of many states to allow medical marijuana. What does the new law do, and how will it play out in the Arkansas workplace?

Executive: Wal-Mart Aims to Add More Mobile Payment Options

by Nandita Bose, Reuters 11/8/2016 08:04 am

Wal-Mart Stores Inc. is in talks with several mobile wallet companies to offer more payment options in its Wal-Mart Pay app, an executive at the world's largest retailer said.

Home BancShares Announces $88.5M Florida Bank Buy

by George Waldon 11/7/2016 04:59 pm

The parent company of Centennial Bank today announced the purchase of Giant Holdings Inc., the parent of Landmark Bank of Fort Lauderdale, for $70 million in stock and $18.5 million in cash.

Beebe, Brooks, Hubbard Join UAMS Foundation Fund Board

by Arkansas Business Staff 11/7/2016 10:24 am

Seven new members have been elected to the University of Arkansas for Medical Sciences Foundation Fund Board.

Last Little Rock Allied Bank Branch Set To Close

by Arkansas Business Staff 11/7/2016 12:00 am

Former Allied Bank customers have been notified that the bank branch at 5701 Kavanaugh Blvd. in Little Rock will be closing in late January.

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