Investments Archive

Home BancShares Completes Purchase of Florida Traditions Bank

by Lance Turner 7/17/2014 02:01 pm

Home BancShares Inc. of Conway, the parent company of Centennial Bank, completes its previously announced acquisition of Florida Traditions Bank.

Simmons First National 2Q Profit Up 50 Percent

by Lance Turner 7/17/2014 09:10 am

Simmons First National Corp. of Pine Bluff reports a 50 percent rise in second-quarter profit, part of what CEO George Makris called a "landmark quarter" for the fast-growing financial holding company.

Another Record: Home BancShares' 2Q Profit Up 60 Percent

by Lance Turner 7/17/2014 08:30 am

Home BancShares Inc. of Conway reports second quarter profit of $28.4 million or 43 cents per share, another record and a 60 percent increase from the $17.7 million or 31 cents per share it reported in the same quarter last year.

J.B. Hunt Quarterly Profit Rises 6.5 Percent to $93.4M

by Marty Cook 7/15/2014 08:37 am

J.B. Hunt Transport Services Inc. of Lowell reports second-quarter profit of $93.4 million, or 79 cents per share, up 6.5 percent from $87.7 million, or 73 cents per share, in the same quarter last year. But CEO John Roberts III cited a "difficult driver recruiting environment" that has challenged growth.

Bank of the Ozarks 2Q Earnings Up 30 Percent

by George Waldon 7/14/2014 04:51 pm

Bank of the Ozarks Inc. of Little Rock today reported second quarter net income of $26.5 million, a 29.9 percent increase compared to 2013, and net income for the first two quarters was up more than 28 percent. CEO George Gleason noted recent acquisitions but said it's the company's "ability to organically grow our portfolio of high quality, good yielding loans and leases" that have been even more important.

Sources Say Former CJRW Employee Still Waiting for Stock Payout

by Arkansas Business Staff 7/14/2014 12:00 am

The Arkansas Democrat-Gazette's July 6 article catching up on the transitions underway at Cranford Johnson Robinson Woods touched on the touchy topic of the advertising agency's employee stock ownership plan. Several executives who have departed in recent years still have ownership in the company through the ESOP.

Steve Landers Sr. On His Lessons Learned Before Leaving the Lot

by Arkansas Business Staff 7/14/2014 12:00 am

Steve Landers Sr. has been in the auto sales business for 43 years but has been transitioning out of the day-to-day operation of the enterprise. He will remain a consultant at the former Landers Auto Group, taking care of customers and working on putting together auto groups.

LR Tech Park Board Hears Main Street Site Recommendations

by Arkansas Business Staff 7/10/2014 09:53 am

The real estate firm selected by the Little Rock Technology Park Authority Board to help search for a downtown site for the planned tech park on Wednesday recommended the acquisition of five properties along Main and Scott streets.

UALR College of Business Endowment Sits at More Than $2M

by Arkansas Business Staff 7/7/2014 01:51 pm

The University of Arkansas at Little Rock College of Business says the balance of its Stephen Harrow Smith Dean of Business endowment now sits at more than $2 million after more than $500,000 was donated as result of the George W. Donaghey Foundation Challenge Match.

Simmons to Donate Eudora Bank Branch to Southern Bancorp

by Gwen Moritz 7/7/2014 10:21 am

Simmons is acquiring the branch with its pending purchase of Delta Trust & Bank but is being required under federal regulations to divest itself of the additional market share in the same Federal Reserve market area as Simmons' existing Lake Village branches.

$6.2M Transaction Visits Village Green Apartments (Real Deals)

by George Waldon 7/7/2014 12:00 am

A 172-unit apartment project in southwest Little Rock weighed in at $6.2 million. Entities with common ownership were on either side of a $960,000 transaction in downtown Little Rock's The Residences at Building 5.

ARK Challenge Readies for Third Installment

by Mark Carter 7/7/2014 12:00 am

The third installment of the ARK Challenge startup accelerator in Fayetteville, scheduled to run for three months beginning later this summer through September, will be leaner and meaner.

Acxiom CEO Scott Howe's Salary Tops $5 Million in Fiscal 2013

by Gwen Moritz 7/3/2014 10:25 am

Howe's compensation and that of four other named executive officers was revealed a proxy statement filed with the U.S. Securities & Exchange Commission, which also announced the Aug. 7 date of the annual shareholders meeting.

No Daily Report, E-newsletters on Friday

by Arkansas Business Staff 7/3/2014 10:01 am

Arkansas Business will not send the Daily Report or weekly industry e-newsletters on Friday, the Fourth of July. Arkansas Business Publishing Group offices will be closed Friday as well, reopening on Monday. ABPG wishes everyone a happy Fourth.

Survey: Midwest Economy Growing

by Associated Press 7/1/2014 09:23 am

The economy in nine Midwestern and Plains states including Arkansas should continue growing steadily in the months ahead, according to a monthly survey of business leaders released Tuesday.

Big River Closes Financing for Steel Mill

by Arkansas Business Staff 7/1/2014 09:09 am

A formal groundbreaking ceremony will be held later this summer. Big River plans to employ more than 500 workers at an average annual salary of $75,000.

Pinnacle Foods Scraps Sale Plans, Freeing Tyson to Acquire Hillshire

by Associated Press 6/30/2014 04:43 pm

Hillshire Brands Co. agreed to buy Pinnacle Foods for $4.23 billion in May. But Tyson and Pilgrim's Pride went after Hillshire two weeks later, and on June 9, Hillshire accepted Tyson's $7.75 billion offer.

Jim Bolt Criminal Saga Reveals ‘A Certain Amount Of Genius'

by Gwen Moritz 6/30/2014 12:00 am

A federal judge sentenced James W. Bolt to a sentence 29 months longer than standard sentencing guidelines. It was an acknowledgement that the only way to keep Bolt from breaking the law was to keep him locked up.

After 9 Years, Larry Biernacki Leaves Bigger Arkansas Federal Credit Union

by Gwen Moritz 6/30/2014 12:00 am

Arkansas Federal Credit Union was a good organization with $405 million in assets when Biernacki arrived nine years ago this month, having been well and carefully managed into its position as largest credit union in the state by Hank Klein.

Steve Landers Sr. Pumps Brakes Pedal, Looks Forward to Future

by Arkansas Business Staff 6/30/2014 12:00 am

Steve Landers Sr. has sold his remaining one-third interest in Steve Landers Auto Group to Luther Auto Group of Minneapolis.