Tagged: allied bank of mulberry

Former Allied Ally Latest To File Lawsuit Against Acme Owners

by Arkansas Business Staff 11/2/2015 12:00 am

A new lawsuit has arisen from the financial meltdown of Acme Holding Co., parent company of the $98.6 million-asset Allied Bank of Mulberry (Crawford County).

Allied Access Sore Subject Between Chambers Bank, Acme Holding

by Arkansas Business Staff 9/28/2015 12:00 am

The testy relationship between Acme Holding Co. and the leading creditor in its bankruptcy, evident in a two-day hearing in April, hasn’t improved.

Third Lawsuit Opens Between Chambers Bank, Golden Family

by Arkansas Business Staff 7/27/2015 12:00 am

A third legal front has been opened in the financial disputes between Chambers Bank of Danville and the Lex Golden family of Little Rock.

Acme Files New Suit Against Chambers in Branch Tussle

by Arkansas Business Staff 6/29/2015 12:00 am

Acme Holding Co., the parent company of the $107 million-asset Allied Bank of Mulberry, recently opened a new front in the ongoing financial dispute with its lead creditor.

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 Holding: No Dividends Weigh Heavily

by George Waldon 4/27/2015 12:00 am

Did creditors representing $9.5 million worth of debt convince U.S. Bankruptcy Court Judge Ben Barry that Acme Holding Co. is a lost cause? A ruling in their favor could result in the second auction of an Arkansas bank in three years.

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.

Creditors Urge Acme Liquidation, Auction of Allied Bank Stock

by George Waldon 1/19/2015 12:00 am

Three of the largest creditors of Acme Holding Co. want to see its Chapter 11 bankruptcy reorganization converted to Chapter 7 liquidation.

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.

6 Arkansas Banks Lost Money in 2013

by George Waldon 3/11/2014 11:10 am

Six of the 120 lenders based in Arkansas lost money during 2013, according to call reports compiled by BauerFinancial Inc. of Coral Gables, Fla.

Phil Herrington's Oklahoma City Golf Club Poised for Auction Block

by George Waldon 12/16/2013 12:00 am

The proposed auction of the Gaillardia Golf & Country Club next month is threatening to remove the last Arkansas ties to the Oklahoma City country club.