Insurance & Benefits

Marion Bank Ordered To Pay Letter of Credit Related to Crittenden Regional Bankruptcy

Marion Bank Ordered To Pay Letter of Credit Related to Crittenden Regional Bankruptcy
First Community Bank of Eastern Arkansas in Marion.

An insurance company had a straightforward $300,000 commercial letter of credit from First Community Bank of Eastern Arkansas, and that's bad news for the Marion bank with $150.8 million in assets.
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Colonial Arms, Oakwood Place Apartments Sell For $5M In Fayetteville (NWA Real Deals)

White Rock Investments LLC, led by Tim Brisiel of Fayetteville, paid $5 million for two apartment complexes.
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Madison Health & Rehab Draws $4M Transaction (Real Deals)

Dixon Realty LLC of Wood-Ridge, New Jersey, purchased the 140-bed nursing home in south Pulaski County from Trinik Holdings LLC, led by Saeed Niksefat.
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Wal-Mart's McMillon Tops Compensation List of 100 Arkansas Public Company Execs

C. Douglas McMillon, CEO of Wal-Mart Stores Inc., has returned to the No. 1 spot on the annual list of executive compensation at publicly traded companies headquartered in the state. read more >

Latest Numbers Factor in Arkansas Medicaid Debate (Andrew DeMillo Analysis)

The proposed insurance rate increases for Arkansas' exchange and the announcement that the state's hybrid Medicaid expansion's enrollment has topped more than 300,000 may complicate the debate next year over the future of the expanded coverage. read more >

Flooding in Arkansas, Louisiana Puts a Damper on US Rice Harvest

Heavy rain that brought record flooding to Louisiana recently has put a damper on the nation's harvest of rice, a food staple that usually likes water as it grows but can't be gathered by machine if fields are inundated. read more >

Defense Attorneys Appeal Ruling in Class-Action Case

Three defense attorneys last week followed the path of the plaintiffs' attorneys and filed notice that they will appeal Chief U.S. District Court Judge P.K. Holmes III's finding that they abused the court system in a controversial class-action case. read more >

Sandra Robertson Greenwood To Retire from UALR (Movers & Shakers)

Sandra Robertson Greenwood will retire as director of budget and strategic initiatives for the University of Arkansas at Little Rock on Sept. 20, her 70th birthday. read more >

Holiday Inn Express Sale Checks In at $5.1 Million (Real Deals)

A limited liability company led by Ishverbhai Govind purchased the 1.5-acre, 69-room hotel on East McCain Boulevard in North Little Rock. read more >

Arkansas Unemployment Unchanged at 3.9 Percent

Arkansas' seasonally adjusted unemployment rate was unchanged at 3.9 percent in July, according to a report Friday by the state Department of Workforce Services. read more >

3 Things Every Business Should Know About Attorney-Client Privilege (Rodney Moore Commentary)

Understanding how the attorney-client privilege works is important for businesses of all types and sizes. Here's three key things every business should know about attorney-client privilege. read more >

SPONSORED: New Regulations Affect Trustees Of Retirement Plans

A retirement plan review with experts can reduce risk and maximize benefit to employees. read more >

Arkansas Homeowners No Longer Playing With House Money

Once upon a time, homeowners thought it was perfectly fine — smart even — to carry greater debt on their houses and take out the equity as cash for investments. After all, interest rates were low, homebuyers were eager, and everyone knew that housing could never decline in value. Well, that last part turned out to be a fairy tale. read more >

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