Tagged: allied bank of mulberry

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.