Tagged: arkansas banks oreo

OREO ‘Cleansing’ Helps Stabilize NWA Real Estate

by Marty Cook 1/19/2015 12:00 am

When the real estate bubble popped in 2008, it popped big time in northwest Arkansas, which generated more “other real estate owned” than Little Rock. Now, sales and an improving economy are bringing calm to a market once noted for speculation.

Bank OREO Adds Up In Washington County

by George Waldon 1/27/2014 12:00 am

The roster of land, homes and buildings in Washington County recovered from bad loans (known as Other Real Estate Owned) has shrunk for some and grown for others through acquisition.

Demand, OREO Sales Power Commercial Market Gains in Rogers

by George Waldon 10/7/2013 12:00 am

Resurging demand coupled with the paring of an Illinois lender’s OREO portfolio are helping push commercial activity in the heart of Benton County’s fabled Billion-Dollar Mile. Office and retail sectors are seeing positive trends and more dormant OREO sells in northwest Arkansas.

Chambers Bank of Danville Records Loss Of About $4M

by George Waldon 12/3/2012 12:00 am

Chambers Bank of Danville posted a nearly $4.3 million loss during the third quarter. The lick comes after the bank generated net income of almost $5.2 million through the first half of 2012.

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