Tagged: allied bank

Allied Bank Not Alone on US List of Bank Failures

by George Waldon 11/21/2016 12:00 am

The September failure of the $66.3 million-asset Allied Bank of Mulberry marked the fifth lender in the nation to go under so far this year.

Last Little Rock Allied Bank Branch Set To Close

by Arkansas Business Staff 11/7/2016 12:00 am

Former Allied Bank customers have been notified that the bank branch at 5701 Kavanaugh Blvd. in Little Rock will be closing in late January.

Allied Auction Saw More Banks Bid; Chambers Garnishes Golden's Last Paycheck

by Arkansas Business Staff 10/24/2016 12:00 am

The OREO component separated Today’s Bank's winning bid of a negative $6.14 million from the pack. And in its collection efforts, Chambers last month garnished an $886 paycheck, one of Lex Golden’s last paydays at Allied.

Two Others in Hunt for Allied Before Today's Bank Took Ownership

by Arkansas Business Staff 10/17/2016 12:00 am

Today’s Bank of Huntsville was awarded ownership of the $66.3-million asset lender with a negative bid of $6.1 million.

Today’s Bank Takes On Teetering Allied

by George Waldon 10/3/2016 12:00 am

The Allied Bank staff was still a little shell-shocked when they convened at the main office in Mulberry on Saturday, Sept. 24. The day after regulators took over the $66.3 million-asset lender, employees gathered to learn what the future held under the new ownership of Today’s Bank of Huntsville.

Today's Bank Named Receiver for Undercapitalized Allied Bank

by Gwen Moritz 9/23/2016 7:17 pm

State and federal bank regulators on Friday named Today's Bank of Huntsville as receiver for Allied Bank, the Mulberry bank whose parent company, Acme Holding Co., is in Chapter 7 bankruptcy.

Allcorp Follows Acme Holding Into Bankruptcy

by George Waldon 8/29/2016 12:00 am

The Chapter 11 filing by Little Rock’s Allcorp Inc. in July marks the third Arkansas bank holding company to enter bankruptcy court in four years.

Federal Reserve Orders Allied Bank to Improve Equity Capital or Sell

by George Waldon 8/22/2016 10:49 am

Allied Bank of Mulberry has been ordered to take action to improve its equity capital or strike a deal to sell during the next 30 days.

Creditors Force Sale of Walter Quinn's Aspen Condo

by Arkansas Business Staff 7/25/2016 12:00 am

A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus.

Chambers Bank Lands $2 Million Golden Judgment

by George Waldon 7/25/2016 12:00 am

The latest ruling is one in a string of lawsuits spawned by the bankruptcy of Acme, the parent company of Allied Bank of Mulberry. Under the Golden family’s ownership and management, the bank has lost more than $14 million since 2010.

Lex Golden Sues Chambers Bank Over Failed Bank Buys

by Arkansas Business Staff 7/18/2016 12:00 am

Lex Golden and his wife, Ellen, sued Chambers Bank of Danville in Crawford County Circuit Court alleging the lender essentially was responsible for causing all their money troubles.

FDIC Asks for Over $1.2M in Judgments Against Alex Golden, Amy McCay

by Arkansas Business Staff 5/9/2016 12:00 am

The FDIC has locally registered judgments of nearly $900,000 against Allied Bank president Alex Golden and more than $324,000 against his sister, Amy McCay.

All’s Quiet on the Acme Bankruptcy Front

by George Waldon 5/9/2016 12:00 am

The parent company of Mulberry’s Allied Bank marked its second year in bankruptcy last month.

Phil Herrington Files for Bankruptcy After $3M Judgment

by Arkansas Business Staff 4/4/2016 12:00 am

The financial woes of dapper Little Rock businessman Phil Herrington have prompted a trip to bankruptcy court.

Allied, Pinnacle, Heartland Score Texas Ratios Over 100

by George Waldon 3/14/2016 12:00 am

Two Arkansas banks generated Texas Ratios above 100 at year-end 2014. Twelve months later, the number grew to three, with Heartland Bank of Bryant (112.28) joining Pinnacle Bank of Rogers (139.3) and Allied Bank of Mulberry (183).

Allied Bank Liquidates Wiederkehr Village OREO

by Arkansas Business Staff 2/29/2016 12:00 am

Allied Bank of Mulberry sold about 382 acres in the wine tourism spot for about $1.2 million.

Heartland Bank Takes Over Allied Bank's Last Little Rock Branch

by Arkansas Business Staff 2/15/2016 12:00 am

The location of Allied Bank’s last operational branch in Little Rock recently was forfeited in lieu of foreclosure.

Trustee Hopes to Avoid Allied Bank Stock Auction

by George Waldon 8/17/2015 12:00 am

A new player has emerged in the bankruptcy case of Acme Holding Co. since its Chapter 11 reorganization was converted to Chapter 7 liquidation by judicial decree last month.

Judge Orders Liquidation of Allied Bank Parent Company

by George Waldon 7/24/2015 11:06 am

U.S. Bankruptcy Court Judge Ben Barry orders the liquidation of Acme Holding Co., the parent company of Allied Bank of Mulberry.

Kavanaugh Branch Kicks Off Allied's Auction Run

by Mark Carter 7/21/2015 10:29 am

The Allied Bank branch at the intersection Kavanaugh and Cantrell in Little Rock's Heights neighborhood took to the auction block Tuesday morning, leading off a four-day run by Blackmon Auctions of Little Rock.