Investments Archive

George Gleason Casts An Eye Back to Record Profits

by George Waldon 5/20/2014 09:18 am

George Gleason likes where Bank of the Ozarks Inc. is heading and believes the $6.8 billion-plus asset concern is tracking back toward its record-setting path.

Ascendant Dx Closes $2M Funding Round, Adds Board Members

by Mark Carter 5/20/2014 08:22 am

Ascendant Dx of Fayetteville, has developed an early detection test for breast cancer, closes a $2 million funding round and adds two members to its board of directors.

Inuvo CEO Salary Down, Compensation Up

by Luke Jones 5/19/2014 04:56 pm

The salary for Inuvo Inc. CEO Richard Howe fell in 2013, but his total compensation rose.

Bank of the Ozarks Expands Board to 15 Members

by George Waldon 5/19/2014 11:19 am

Greg McKinney, Bank of the Ozarks' chief financial officer and chief accounting officer, is elected to the firm's board of directors during its annual shareholders' meeting. The 45-year-old executive joined the company in 2003.

WLR Tech Buy Hits $1.5M (Real Deals)

by George Waldon 5/19/2014 12:00 am

A 13,965-SF commercial building in west Little Rock changed hands in a $1.5 million sale. A 6,575-SF office building in west Little Rock drew a $745,000 transaction. And land beneath a south Little Rock convenience store rang up a $400,000 transaction.

Conway Gets A Purple Cow Near Hendrix

by Jan Cottingham 5/19/2014 12:00 am

This year marks the 25th anniversary of the opening of the first Purple Cow restaurant, in Little Rock, and April 2 marked the opening of the fourth Purple Cow, at The Village at Hendrix in Conway.

Decision-Making in an Uncertain Environment (Karen Moustafa Leonard Expert Advice)

by Karen Moustafa Leonard 5/19/2014 12:00 am

We all make decisions every day. But in uncertain external and internal business environments, organizational decision-making is becoming a more complicated art. Both environments offer unique challenges for every leader.

Shady Enewsletter Spreads Fake News on Centennial, First Security

by Arkansas Business Staff 5/19/2014 12:00 am

A screenshot that appeared to be an e-newsletter called “Arkansas Banking News” made the rounds Thursday afternoon. Its top headline: “Bank of America to Acquire Centennial Bank,” with what looked to be a link to the Arkansas Times.

VEC Investments Raises $3 Million

by Arkansas Business Staff 5/19/2014 12:00 am

VEC Investments LLC reported $3 million in new funding in a U.S. Securities & Exchange Commission filing earlier this month.

Dillard's Expects More Cash to Flow to Shareholders

by Mark Friedman 5/17/2014 11:14 am

Dillard's Inc. CEO William Dillard II said at the company's annual meeting on Saturday that the department store chain has paid $1.7 billion to shareholders over the last five years — and that trend should continue.

USA Truck Falls, Dillard's Rises in Friday Trading

by Lance Turner 5/16/2014 02:46 pm

A tale of two stocks on Friday, as Dillard's Inc. of Little Rock has resumes its bull run and shares of USA Truck Inc. of Van Buren sink after a shareholder sells some of its holdings.

Arkansas Jobless Rate Falls to 6.6 Percent

by Arkansas Business Staff 5/16/2014 09:51 am

The Arkansas unemployment rate for April dropped to 6.6 percent, according to data released Friday by the state's Department of Workforce Services.

Dillard's 1Q Profit Down 5 Percent, Revenue Flat

by Lance Turner 5/15/2014 03:36 pm

Dillard's Inc. of Little Rock on Thursday reported first-quarter profit of $111.7 million, down about 5 percent from the $117.2 million it reported in the same quarter last year.

Dillard's Shares Break Record Again

by Mark Friedman 5/14/2014 10:48 am

Dillard's Inc. of Little Rock smashed its own all-time record on Tuesday when its share price closed at $100.19, up 1.58 percent from Monday's close.

The Wall Street Journal on Banks, Overdraft Fees and Wal-Mart

by Lance Turner 5/12/2014 10:42 am

Mark Friedman's cover story this week examining Wal-Mart Stores Inc.'s push into financial services happens to coincide with a Wall Street Journal report on one aspect of Wal-Mart's financial services arsenal: allowing independent banks to lease space inside Wal-Mart's Supercenters.

LaFrances Lead Investors Through Wisconsin's Greenwood's State Bank

by George Waldon 5/12/2014 12:00 am

What started as a niche lending venture in Wisconsin for the Stephen LaFrance family has morphed into a financial turnaround effort with more extensive Arkansas ties.

Big Changes to Arkansas' Bank Landscape in Past Year

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

At this point in 2013, Simmons First National Corp. of Pine Bluff was a $3.5 billion holding company with eight subsidiary bank charters and little name recognition outside Arkansas. But by the end of 2014, Simmons' corporate assets will have nearly doubled, making it the third-largest banking concern headquartered in Arkansas as ranked by assets.

Bank of the Ozark's $216M Acquisition Nears Its Summit

by George Waldon 5/12/2014 12:00 am

The pending acquisition of Summit Bancorp Inc. of Arkadelphia by Bank of the Ozarks Inc. of Little Rock is heading into the station. Since the Jan. 30 announcement, the approval process has moved at a rapid clip.

Finding Truck Drivers Remains a Tough Job

by Marty Cook 5/12/2014 12:00 am

Driver recruiting and retention — we'll lump them together as one entity — is one of the biggest challenges facing the industry. Recent federal regulations with strict guidelines regarding drive and break times only complicate trucking companies' ability to attract and keep drivers, officials said.

Summit's CEO Ross Whipple To Plant Big Stake in Bank of the Ozarks After Merger

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

When the acquisition of Summit Bancorp is completed later this month, Ross Whipple also will become one of the largest shareholders at Bank of the Ozarks Inc. of Little Rock.