Banking & Finance Archive

Relyance Lures Straessle Away from First Security

by Arkansas Business Staff 9/8/2014 12:00 am

David Straessle, who had been president of the Little Rock market for First Security Bank of Searcy since 2011, was hired last Thursday to do the same job for Relyance Bank of Pine Bluff.

Bank of the Ozarks Taps Keesee To Lead Western Division (Movers & Shakers)

by Arkansas Business Staff 9/8/2014 12:00 am

Don Keesee has been named western Arkansas division president at Bank of the Ozarks. Keesee, who has more than 30 years of financial experience in Arkansas, worked for Arkadelphia-based Summit Bank in Fort Smith until its recent acquisition by Bank of the Ozarks.

The Beauty of New Market Tax Credits (James Harkins Commentary)

by James Harkins 9/8/2014 12:00 am

One of the most important parts of my job as a real estate professional is understanding the financial tools available to clients. The goals of most buyers, as well as of those needing help with new construction or substantial rehabilitation projects, would be impossible to achieve without guidance on financing.

Toymaker Redman's Rough History Doesn't Deter State Investment

by Marty Cook 9/8/2014 12:00 am

The state's top economic development official said he has no undue concerns about a $2 million taxpayer investment in Redman & Associates, despite the CEO's bankruptcy a decade ago and subsequent litigation, including a lawsuit related to the product the company is manufacturing in Rogers.

Update: 14 Laid Off By Toy Car Maker in Blow to Wal-Mart's 'Made in USA' Initiative

by Marty Cook and Gwen Moritz 9/5/2014 04:03 pm

Redman & Associates filed a federal lawsuit Friday accusing a Chinese company of engaging in an "underhanded strategy" in an attempt to derail Wal-Mart's attempts to bring manufacturing back to the U.S.

Simmons First Completes Delta Trust Acquisition

by Arkansas Business Staff 9/2/2014 08:43 am

Simmons First National Corp. of Pine Bluff has completed its acquisition of Delta Trust & Banking Corp. of Little Rock.

One Bank Makes Claim on Branch Property Titled to Scooter Stuart Partnership

by Arkansas Business Staff 9/1/2014 12:00 am

A lawsuit challenges who owns the OneBanc branch at 14711 Cantrell Road in west Little Rock. Real estate records indicate a general partnership called Bank Partners. One Bank & Trust claims it is the rightful owner.

Simmons' Deal for Delta Trust: 3 Years Coming

by George Waldon 9/1/2014 12:00 am

The acquisition of Little Rock's Delta Trust & Banking Corp. by Simmons First National Corp. of Pine Bluff was announced in March and should be completed by the end of the month. But the merger dance began three years ago.

Scooter Stuart's Tainted Assets Draw More Fire

by George Waldon 9/1/2014 12:00 am

This year's number of new lawsuits surrounding the controversial business affairs of the late Layton “Scooter” Stuart indicates the rancor is only growing.

Johnny Allison Donates $5M to Arkansas State Athletics Department

by Lee Hogan 8/26/2014 04:06 pm

Johnny Allison, chairman of Home BancShares Inc. of Conway and an Arkansas State University alumnus, made the largest personal gift commitment in the A-State athletics department's history: $5 million.

Former Little Rock Tax Preparer Pleads Guilty; Scam Cost Government $1.1M

by Gwen Moritz 8/26/2014 10:40 am

Christopher T. Craig pleaded guilty to just two cases of diverting tax payments to himself, but he admitted that the loss to the government was much greater.

In Lawsuit, Arvest Bank Seeks $467K From Dennis Smiley Jr.

by George Waldon 8/26/2014 10:33 am

Arvest Bank of Fayetteville has sued to collect more than $467,000 in delinquent debt associated with its former Bentonville market president Dennis Smiley. Arvest's actions make it the 11th bank to file details of delinquent loan claims associated with Dennis Smiley Jr. The two lawsuits pushes the known claims against Smiley to about $2.5 million.

Arvest Consumer Survey: Arkansans Have Debts, Saving Rates Similar to Region

by Lee Hogan 8/26/2014 09:18 am

Arkansas consumers have similar debts and saving rates to their neighbors in Missouri and Oklahoma, according to the final release of the first Arvest Bank Consumer Sentiment Survey.

IberiaBank Sheds Springdale Business Center for $1.78M

by Arkansas Business Staff 8/25/2014 12:00 am

An OREO property of IberiaBank since 2011, the Springdale Business Center was purchased by Hillcrest Holdings LLC of Fayetteville, led by Robert Morgan and Gary Nichols.

LR Retail Centers Draw $6.1 Million Transaction (Real Deals)

by George Waldon 8/25/2014 12:00 am

Two retail projects in southwest Little Rock tipped the scales at $6.1 million. Geyer Springs Shopping Center LLC of Brooklyn, New York, bought its namesake 152,852-SF property at 8717 Geyer Springs Road and the 21,760-SF Geyer South project at 8521 Geyer Springs Road.

Last Chance to Nominate Candidates for Arkansas Business' 20 in Their 20s List

by Arkansas Business Staff 8/19/2014 11:42 am

Nominations are being accepted for the list of the state's most influential young professionals, "The New Influentials: 20 in Their 20s."

Southern Bancorp to Buy Mississippi's Smallest Bank

by Gwen Moritz 8/19/2014 11:18 am

Southern Bancorp Inc. of Arkadelphia announced Tuesday a plan to buy the smallest bank in Mississippi, the Bank of Bolivar County.

Turner Grain Possibly Tilting Toward Bankruptcy

by Arkansas Business Staff 8/18/2014 12:00 am

Sources say Turner Grain Merchandising Inc. of Brinkley is on the verge of filing for bankruptcy protection.

Clarion Hotel Medical Center Recycled for $5M (Real Deals)

by George Waldon 8/18/2014 12:00 am

A 262-room hotel in midtown Little Rock changed hands in a $5 million foreclosure sale. The 5.22-acre development was tied to a November 2003 mortgage of $14 million held by Jonesboro's Liberty Bank of Arkansas, which became part of Centennial Bank in 2013.

Public Company Board Service Can Mean Lots of Work and Risk

by Gwen Moritz 8/18/2014 12:00 am

This week we list all directors of 19 publicly traded companies headquartered in Arkansas and the compensation they received for service on the boards in the most recent fiscal year. It's work that's “a whole lot harder” than it used to be.