Investments Archive

Arvest Bank Settles With 18 Dennis Smiley Creditors

by George Waldon 8/8/2014 07:58 am

Arvest Bank of Fayetteville has settled with 18 of 20 creditors who loaned money to one of its former executives, Dennis Smiley Jr. Only First State Bank of De Queen, where Smiley's namesake father is chairman, and Signature Bank of Arkansas in Fayetteville remain as possible claimants seeking money from Smiley's Arvest Bank Group stock purchase and stock option plans.

Update: Cliff Beckham to Resign From USA Truck

by Marty Cook 8/7/2014 01:36 pm

USA Truck Inc. of Van Buren says Clifton R. Beckham, the company's former CEO and now its executive vice president and CFO, will resign effective Sept. 30, part of a planned transition that began when Beckham helped hire the trucking firm's chief executive John Simone.

Update: Windstream 2Q Net Income Down 65 Percent

by Lance Turner 8/7/2014 07:19 am

Windstream Holdings Corp. of Little Rock reports second-quarter net income of $14 million, or 2 cents per share, down 65 percent from $40 million, or 6 cents per share, the same quarter last year.

Knight Transportation Unloads More USA Truck Shares

by Marty Cook 8/6/2014 08:38 am

Knight Transportation Inc. of Phoenix sold another 142,000 shares of USA Truck this past week according to a filing with the Securities & Exchange Commission.

Nominate Now for Arkansas Business' CFO of the Year Awards

by Arkansas Business Staff 8/5/2014 11:28 am

Arkansas Business is searching for the state's most outstanding chief financial officers for its sixth "CFO of the Year" awards. You can nominate CFOs here.

Acxiom Reports 1Q Loss, Revenue Drops 6 Percent

by Arkansas Business Staff 8/4/2014 03:26 pm

Acxiom Corp. of Little Rock reported a net loss and a 6 percent revenue decline for its first quarter, as the data services firm restructured operations in Europe, saw less money from its IT infrastructure management business and acquired a San Francisco startup called LiveRamp.

Market Disruption Opens New Doors for Bear State Financial

by George Waldon 8/4/2014 12:00 am

The June acquisition of First National Security Co. propelled Bear State Financial Inc. of Harrison into the top tier of Arkansas bank holding companies.

FDIC Still Mopping Up Kevin Lewis' Fraud Mess

by Mark Friedman 8/4/2014 12:00 am

More than two-and-a-half years after former Little Rock attorney Kevin Lewis was sentenced to 10 years in federal prison for bank fraud, the Federal Deposit Insurance Corp. continues to clean up his mess.

Fountains at Chenal Apartments Transaction Approaches $8 Million (Real Deals)

by George Waldon 8/4/2014 12:00 am

A 176-unit apartment complex in west Little Rock tipped the scales at $7.95 million. A 25,585-SF commercial project in North Little Rock is under new ownership after a $2.08 million sale. And a 5,000-SF home in the Germay Court neighborhood of west Little Rock's Chenal Valley development changed hands in a $1.1 million transaction.

Delta Trust Shareholders 3Q Payday Approaching

by Arkansas Business Staff 8/4/2014 12:00 am

The value of the pending acquisition of Little Rock's Delta Trust & Banking Corp. stands at about $67.2 million. That number is based on a recent closing price of $39.65 per share for Simmons First National Corp. of Pine Bluff.

Two Steps Forward, One Back (Editorial)

by Arkansas Business Editors 8/4/2014 12:00 am

Last week's economic news was of the motion sickness-inducing two steps forward, one step back kind.

CapRocq Creates New Real Estate Fund

by Arkansas Business Staff 8/4/2014 12:00 am

Little Rock's CapRocq Core Real Estate Fund LP, a partnership that buys properties in the South and Midwest, has created a new real estate investment fund that has already raised $20 million.

Bank of the Ozarks Acquires Intervest Bancshares Corp. In $228.5M Deal

by Arkansas Business Staff 8/1/2014 08:41 am

Bank of the Ozarks Inc of Little Rock announces a $228.5 million deal to acquire Intervest Bancshares Corp. and its wholly-owned bank subsidiary, Intervest National Bank.

Murphy Oil 2Q Earnings Off, Production Projection Revised Downward

by Michelle Corbet 7/31/2014 11:43 am

Income from continuing operations in the second quarter was $142.7 million, or 79 cents per diluted share, on flat revenue of $1.3 billion.

Inuvo 2Q Profit Flat, Revenue Down 17 Percent

by Arkansas Business Staff 7/31/2014 10:44 am

Internet marketing and technology company Inuvo Inc. of Conway reports second-quarter net income of $382,291, or 2 cents per share, flat compared to the same quarter last year.

ArcBest 2Q Profit Triples From Last Year

by Marty Cook 7/31/2014 09:45 am

ArcBest Corp. of Fort Smith reports its most profitable quarter in six years, driven by stronger performance in two of its subsidiaries, ABF Freight and Panther Premium Logistics.

USA Truck Reports First Profitable Quarter Since 2011

by Marty Cook 7/31/2014 08:59 am

USA Truck of Van Buren reported its first profitable quarter since 2011 on Thursday, bringing in net income of $700,000, or 7 cents per share. The profit came even after a tough first half of the year marked by hard winter weather and a driver shortage that continues to dog the industry.

America's Car-Mart Adds Kenny Gunderman to Board

by Marty Cook 7/30/2014 02:42 pm

America's Car-Mart Inc. of Bentonville adds Kenny Gunderman to its board of directors at the company's shareholders meeting Wednesday.

Home BancShares Announces Purchase of Another Florida Bank

by Gwen Moritz 7/30/2014 08:51 am

The parent company of Centennial Bank of Conway will pay between $33 million and $33.9 million in cash and stock for Broward Financial Holdings Inc.

Windstream to Spin Off Some Assets Into Publicly Traded REIT

by Lance Turner 7/29/2014 06:32 am

Windstream Holdings Corp. of Little Rock says it will spin off certain assets, including its fiber and copper network, into a publicly traded real estate investment trust, a move that will lower its debt by $3.2 billion.