Tagged: alex golden

Future of Allied Bank Could Be Decided by June Ruling in Acme Case

by George Waldon 5/25/2015 12:00 am

Three of the largest creditors of Acme Holding Co. recently submitted briefs in support of converting the bank holding company’s Chapter 11 reorganization to Chapter 7 liquidation.

Acme Bankruptcy Proceedings Reveal Kevin Lewis Loss

by Arkansas Business Staff 4/27/2015 12:00 am

A fractious relationship between Hildene Capital Management and Acme Holding Co. was evident in the April 2-3 courtroom interaction between Rex Terry of Fort Smith, Hildene’s local counsel, and Lex and Alex Golden of Little Rock.

Golden Moments in Acme Bankruptcy Court

by Arkansas Business Staff 4/13/2015 12:00 am

Lex Golden, chairman and CEO of Acme Holding Co., served up some meandering testimony during nearly an hour on the witness stand in bankruptcy court on April 2.

Bankruptcy Judge Considers Allied Bank Auction

by George Waldon 4/13/2015 12:00 am

The continued ownership of Allied Bank by the Lex Golden family is under judicial review after a recent two-day bankruptcy hearing in Fayetteville. U.S. Bankruptcy Judge Ben Barry will decide in the coming weeks whether Acme Holding Co. should be liquidated, resulting in the sale of Allied, the $111 million-asset bank chartered in Crawford County.

FDIC Gets Nearly $900K in Judgment Against Acme's Alex Golden

by Arkansas Business Staff 2/16/2015 12:00 am

The award in Atlanta U.S. District Court is divided between more than $780,000 owed on a delinquent loan and nearly $118,000 in attorney fees.

FDIC Sues Members of Acme's Golden Family over Unpaid Loans

by Arkansas Business Staff 9/29/2014 12:00 am

The president of Allied Bank’s Acme Holding Co. and his sister are the subjects of federal lawsuits. The Federal Deposit Insurance Corp. sued Alex Golden and Amy Golden McCay in U.S. District Court in Atlanta over delinquent loans totaling more than $1 million.

Acme Files Chapter 11 to Avoid Takeover

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

The parent company of Allied Bank of Mulberry was steered into bankruptcy to stave off a possible takeover by a fellow lender. The defensive move buys Acme Holding Co. more time to work out a solution with Chambers Bank of Danville and other creditors.

Allied Bank's Holding Company Files for Bankruptcy Reorganization

by George Waldon 4/29/2014 4:24 pm

Acme Holding Co. filed a voluntary petition listing estimated assets of less than $50,000 and estimated liabilities of up to $10 million, including $1.4 million loaned to the employee stock ownership plan.

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