Banking & Finance Archive

Simmons' Susan Smith Recognized by National Association of Corporate Directors

by Arkansas Business Staff 6/16/2014 12:00 am

Susan F. Smith, executive vice president of corporate strategy and performance and corporate board secretary of Simmons First National Corp. of Pine Bluff, Susan Smith was recently named a National Association of Corporate Directors fellow.

Jerry Bullard Named CEO of First Financial Bank of El Dorado

by Arkansas Business Staff 6/12/2014 10:03 am

Jerry Bullard, COO of First Financial Bank of El Dorado, has succeeded Steve Cameron as CEO of the lender, the bank said Thursday.

Bear State Buy Poised To Take Assets to $1.5B

by George Waldon 6/9/2014 12:00 am

Bear State Financial Inc. of Harrison, recently renamed from First Federal Bancshares of Arkansas, is days away from almost tripling its size with the pending acquisition of First National Security Co. of Hot Springs.

Acme Creditors Oppose 3-Branch Sale, Say Allied Assets Should Be Separate

by George Waldon 6/9/2014 12:00 am

A proposed $2 million sale of three of Allied Bank's six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock.

Tamika Edwards Joins Arkansas Advocates for Children & Families (Movers & Shakers)

by Arkansas Business Staff 6/9/2014 12:00 am

Tamika Edwards, director of public policy at Southern Bancorp Community Partners, has been hired as director of governmental affairs at Arkansas Advocates for Children & Families, based in Little Rock. Edwards was selected as an Arkansas Business 40 Under 40 honoree in 2010.

Moses & Tucker Lead Refinancing of River Market Tower

by Arkansas Business Staff 6/9/2014 12:00 am

Did you know the River Market Tower in downtown Little Rock is built on a new financial foundation? The ownership group, led by developers Jimmy Moses and Rett Tucker, bought the project's debt from an affiliate of the The Broe Group of Denver for an undisclosed sum.

First Federal Bancshares Changes Name to Bear State Financial

by George Waldon 6/3/2014 10:55 am

First Federal Bancshares of Arkansas Inc. of Harrison is now Bear State Financial Inc. The name change approved by shareholders on March 21 became effective Tuesday.

What's Got Into Simmons? (Editorial)

by Arkansas Business Editors 6/2/2014 12:00 am

We were as surprised as anyone else to hear that Simmons First National Corp. had announced its third acquisition of 2014, even before the first (of Delta Trust & Bank) and second (of First State Bank of Union City, Tennessee) had been completed.

Got Cash? (Craig Douglass On Consumers)

by Craig Douglass 6/2/2014 12:00 am

Are some entities suffering by not adding to their payment options? The answer, of course, is yes.

Arvest Names Tom Dame President in North-Central Arkansas

by Arkansas Business Staff 6/2/2014 12:00 am

Tom Dame has been named local bank president for Arvest Bank in north-central Arkansas. He replaces former bank president Jerry Cunningham, who left in late April. Arvest Bank-NCA has branches in Harrison, Lead Hill (Boone County), Yellville, Bull Shoals (Marion County), Flippin, Mountain Home and West Plains, Missouri.

Simmons First Seeks Foreclosure on Funk

by Arkansas Business Staff 6/2/2014 12:00 am

Simmons First National Corp. of Pine Bluff has filed suit against a local manufacturer for some unpaid loans. According to the suit, filed in Pulaski County Circuit Court, the defendant is O.D. Funk Manufacturing Inc., a company that builds outdoor metal buildings like storage sheds and carports.

Pine Bluff's Relyance Bank Makes Move Into Little Rock

by Arkansas Business Staff 6/2/2014 12:00 am

Relyance Bank of Pine Bluff recently bought a Little Rock branch building from Simmons First National Bank.

Allied Bank Sues for Roof Damage Check Tied to Foreclosed Property

by Arkansas Business Staff 6/2/2014 12:00 am

Allied is trying to recover $46,781 deposited from an insurance check that was issued to Adron and Gwen Gilbert and Allied Bank.

Simmons First to Buy Liberty Bancshares in Missouri in $207M Deal

by Lance Turner and Gwen Moritz 5/28/2014 08:29 am

Simmons First National Corp. of Pine Bluff is buying yet another bank, Liberty Bancshares Inc. of Springfield, Missouri. Per the deal, Simmons First will acquire all outstanding common stock of Liberty in an all-stock transaction valued at about $206.9 million.

Four Join List of 75 Largest Private Companies in Arkansas

by Gwen Moritz 5/26/2014 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $31.15 billion in their most recent fiscal years, and the price of entry to the list was $88.8 million.

Better Business Bureau Announces Torch Award Winners

by Luke Jones 5/26/2014 12:00 am

According to a news release, recipients were the central Arkansas division of Arvest Bank of Fayetteville, Bud Anderson Heating & Cooling Inc. of Lowell, Main Street Service Center of Harrison and Window Mart of Royal.

Your Brain on Lists (Editorial)

by Arkansas Business Editors 5/26/2014 12:00 am

There is something in the human brain that likes to see data organized in lists. In our newsroom, we know that our weekly lists are primarily used for sales leads — that's a service to our audience that we are happy to perform.

I've Got a Tip for You (Gwen Moritz Editor's Note)

by Gwen Moritz 5/26/2014 12:00 am

Every other year since 2000, the Association of Certified Fraud Examiners has issued a big, thick study that it calls, ominously, “Report to the Nations on Occupational Fraud.” The eighth Report to the Nations was released this month, and it came to the same conclusion as earlier ones: A typical organization loses 5 percent of revenue each year to fraud.

Bank of the Ozarks Investment Pays Off for High School Graduate

by Arkansas Business Staff 5/26/2014 12:00 am

George Gleason, chairman and CEO of Little Rock's Bank of the Ozarks Inc., shared an anecdote during the company's recent annual shareholders meeting. It began a decade ago.

Feds Ready To Roll Out Scooter Stuart Autos for Auction

by Arkansas Business Staff 5/26/2014 12:00 am

Five vehicles seized by the government from the family of Layton "Scooter" Stuart finally are heading to the sales block after a recent court order.