Tagged: arvest bank

Better Business Bureau Announces Torch Award Winners

by Luke Jones 5/26/2014 12:00 am

According to a news release, recipients were the central Arkansas division of Arvest Bank of Fayetteville, Bud Anderson Heating & Cooling Inc. of Lowell, Main Street Service Center of Harrison and Window Mart of Royal.

Arvest: Was Unaware of Agreement Involving Dennis Smiley’s Loan Collateral

by Lance Turner 5/14/2014 11:32 am

Arvest Bank says it was unaware of documents purportedly signed by one of its executives that allowed Dennis Smiley to use his stock in an Arvest executive incentive account as loan collateral at First National Bank of Fort Smith.

Big Changes to Arkansas' Bank Landscape in Past Year

by Gwen Moritz 5/12/2014 12:00 am

At this point in 2013, Simmons First National Corp. of Pine Bluff was a $3.5 billion holding company with eight subsidiary bank charters and little name recognition outside Arkansas. But by the end of 2014, Simmons’ corporate assets will have nearly doubled, making it the third-largest banking concern headquartered in Arkansas as ranked by assets.

Arvest Bank Promotes Marcus Guinn, Keith Carlson

by Arkansas Business Staff 5/12/2014 12:00 am

Arvest Bank has promoted Marcus Guinn to executive vice president and loan manager in Little Rock and Keith Carlson to mortgage loan officer in Sherwood.

In Little Rock, Study Says Buying a Home Cheaper Than Renting

by Lee Hogan 5/2/2014 9:31 am

It's the age-old dilemna: buying vs. renting a home. Some research says it's cheaper to buy a home than rent in the central Arkansas area.

First Bank of Hampton Joins Line of Lawsuits Against Dennis Smiley

by Lance Turner 5/1/2014 11:58 am

First Bank of Hampton joins the expanding roster of banks seeking to recover money loaned to Dennis Smiley, a former Arvest Bank executive who is under federal criminal investigation for loan fraud.

Trust but Verify (Editorial)

by Arkansas Business Editors 4/28/2014 12:00 am

We don’t pretend to be bankers here at Arkansas Business — or lawyers, for that matter. We’re just journalists, paid to tell our audience information we can glean from events, statements, documents, interviews and direct observation.

Three More Banks File Claims Against Dennis Smiley Collateral

by George Waldon 4/23/2014 1:43 pm

Three more banks have responded to the growing litigation surrounding the alleged serial loan fraud by former Arvest Bank executive Dennis Smiley. Integrity First Bank of Mountain Home, First State Bank of Russellville and First Security Bank of Searcy each filed actions Monday.

First Western: First for Dennis Smiley Cash?

by George Waldon 4/21/2014 12:00 am

Of all the Arkansas banks ensnared in the alleged serial loan fraud by Dennis Smiley Jr., First Western Bank of Booneville could be in the best position to recover money from him.

Three More Banks Sue Dennis Smiley Over Loans

by George Waldon 4/14/2014 12:29 pm

Three more lenders have joined the growing line of banks suing former Arvest Bank executive H. Dennis Smiley Jr. of Rogers.

Multifamily Vacancy Up, Development 'Hot' Along I-540 in Bentonville, Rogers

by Marty Cook 4/8/2014 10:15 am

Vacancy rates for multifamily housing in northwest Arkansas rose in the second half of 2013, according to a Skyline Report from Arvest Bank released Tuesday.

Ex-Arvest Banker Dennis Smiley Draws Criminal Scrutiny

by George Waldon and Gwen Moritz 4/7/2014 12:00 am

An apparent loan fraud scheme that imploded in northwest Arkansas has drawn a criminal investigation, and lawsuits have also started to flow. In the middle of it all is H. Dennis Smiley Jr. of Rogers, who resigned March 13 as CEO of Arvest Bank’s operations in Benton County.

Delta Trust Sues Dennis Smiley Over $245,000 Loan

by George Waldon 4/2/2014 12:08 pm

Delta Trust & Bank filed a lawsuit last week against the former CEO of Arvest Bank's Benton County operations after he failed to make the first payment on a loan made in February.

Former Arvest Officer Dennis Smiley Under Investigation for Loan Fraud

by George Waldon and Gwen Moritz 4/2/2014 12:01 am

H. Dennis Smiley Jr., the former CEO of Arvest Bank's operations in Benton County, is the subject of a federal criminal investigation for loan fraud.

Skyline Report: New Home Occupancy Up 60 Percent in Northwest Arkansas

by Mark Carter 3/19/2014 10:17 am

New home occupancy in northwest Arkansas was up 60.7 percent in the second half of 2013, according to the most recent Skyline Report from Arvest Bank, released Wednesday.

Dennis Smiley Leaves CEO Post at Arvest Bank of Benton County

by Marty Cook 3/14/2014 3:53 pm

Dennis Smiley resigned Thursday as president and CEO of Arvest Bank of Benton County.

Springhill Suites Hosts $4.5M Transaction (Real Deals)

by George Waldon 2/17/2014 12:00 am

The sale of a 78-room hotel in west Little Rock tipped the scales at $4.5 million. A 66,000-SF industrial facility in North Little Rock weighed in at $1.5 million. And an 8,320-SF Family Dollar Store in southwest Little Rock rang up a $1.2 million transaction.

After Target Heist, Credit Cards Set for an Overhaul

by Luke Jones 1/27/2014 12:00 am

The heavily publicized theft of credit card data from Target servers in November has highlighted a glaring issue that Arkansas banks and retailers must soon address: Our plastic technology is obsolete.

Arvest Bank in Little Rock Names Virgil Miller as New CRA Director

by Arkansas Business Staff 1/13/2014 12:00 am

Virgil Miller recently joined Arvest Bank in Little Rock as the Community Reinvestment Act director. In his new position, he will be responsible for the Arvest Banking Group’s CRA compliance.

Consolidation Likely for Arvest Overlap With National Bank Branches

by Arkansas Business Staff 12/16/2013 12:00 am

Arvest Bank has made no official announcement of its plans for consolidating the seven branches acquired in the recent purchase of North Little Rock’s National Bank of Arkansas and letters won’t be mailed to customers until Dec. 27, according to John Womack, CEO for the central Arkansas market.