Tagged: allied bank

Today’s Bank Lands On a Different Plane in Walter Quinn Lawsuit

by Arkansas Business Staff 9/11/2017 12:00 am

Another lawsuit against Little Rock businessman Walter Quinn surfaced in Pulaski County Circuit Court.

Amy Golden McCay Files for Chapter 7 Bankruptcy

by Arkansas Business Staff 7/31/2017 12:00 am

The outstanding balance of an FDIC $324,632 summary judgment from January 2015 against Amy Golden McCay is now part of her recently filed Chapter 7 bankruptcy.

NLR's West Scenic Apartments Tops $3.9 Million Mark (Real Deals)

by George Waldon 7/24/2017 12:00 am

West Scenic Partners LLC of St. Louis purchased Scenic Hill Apartments at 605 and 1207 W. Scenic Drive. The seller is Scenic Hill Properties Ltd., led by James Kincannon.

Purchase Offer Calls on Allcorp Bankruptcy

by George Waldon 7/10/2017 12:00 am

A new investment group of Texans makes a $2.3M pitch to buy Community State Bank of Bradley (Lafayette County).

Fuqua's Jewelry Makes Move from Star City to Little Rock

by Arkansas Business Staff 7/3/2017 12:00 am

The former Allied Bank location at 1022 W. Capitol Ave. will house Fuqua’s Jewelry.

Goldens' Meltdown Was Years In Making

by George Waldon 6/12/2017 12:00 am

Instead of saving Allied Bank from the ruinous meltdown of a radio-active loan portfolio he built, Little Rock banker Lex Golden rode the same downward spiral to insolvency.

Today's Bank Expands Footprint with Van Buren Branch

by George Waldon 4/24/2017 12:00 am

The $181 million-asset lender is setting up shop in a former bank branch at 615 E. Pointer Trail previously used by Arkansas Valley Electric Cooperative.

Roles Shift in Golden Bankruptcy

by Arkansas Business Staff 3/27/2017 12:00 am

The early stages of the Chapter 7 bankruptcy of Lex and Ellen Golden have had a revolving door quality.

Lex Golden Lists Nearly $8 Million in Liabilities in Bankruptcy Filing

by Arkansas Business Staff 3/6/2017 12:00 am

Lex Golden, the Little Rock banker who once controlled two Arkansas financial institutions, recently filed Chapter 7 bankruptcy.

Comfort Inn & Suites Transaction Checks In at $3.9M (Real Deals)

by George Waldon 2/13/2017 12:00 am

Andy & Andrew Hotel Investments LLC, led by Ashok Desai, purchased the Comfort Inn & Suites at 3915 McCain Park Drive, backed with a five-year loan of $4 million from Arkansas Federal Credit Union of Jacksonville.

First Community Bank of Batesville To Open Little Rock Location

by Arkansas Business Staff 12/19/2016 12:00 am

An $850,000 deal was struck to acquire the dormant branch at 4900 Kavanaugh Blvd. from Allied’s regulator-assisted successor: Today’s Bank of Huntsville (Madison County).

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.