Tagged: arvest bank

Northwest Arkansas Shows Gains in Housing Market

by Lee Hogan 10/16/2014 11:00 am

The residential market in northwest Arkansas saw increases across the board in the first half of 2014, according to Arvest Bank's Skyline Report released Thursday.

Arvest Forecloses on Downtown LR Building Owned by Matt Lile

by Arkansas Business Staff 9/8/2014 12:00 am

The bank’s foreclosure is on two loans totaling more than $821,500 secured by the 20,332-SF building at the northeast corner of Center and Sixth streets. The property is the home of EJ’s restaurant in downtown Little Rock.

Arvest Skyline Report: NWA Commercial Vacancy Rates Down, Multifamily Rates Up

by Lee Hogan 9/4/2014 10:55 am

Vacancy rates during the first six months of 2014 in the northwest Arkansas commercial real estate market were down nearly 1 percent from a year ago, while multifamily vacancy rates were up more than 2 percent, according to the Skyline Report from Arvest Bank.

First Security Bank Forecloses on Dennis Smiley Home

by George Waldon 8/8/2014 8:02 am

First Security Bank of Searcy files a foreclosure lawsuit on a $200,000 loan secured by Dennis Smiley’s home in Rogers.

Arvest Bank Settles With 18 Dennis Smiley Creditors

by George Waldon 8/8/2014 7:58 am

Arvest Bank of Fayetteville has settled with 18 of 20 creditors who loaned money to one of its former executives, Dennis Smiley Jr. Only First State Bank of De Queen, where Smiley’s namesake father is chairman, and Signature Bank of Arkansas in Fayetteville remain as possible claimants seeking money from Smiley’s Arvest Bank Group stock purchase and stock option plans.

Arkansas Less Optimistic Than Oklahoma, Missouri in Arvest Consumer Survey

by Lee Hogan 8/5/2014 10:29 am

The second phase of Arvest Bank's consumer sentiment survey found Arkansans have a less optimistic outlook on current conditions and expectations than respondents in Oklahoma in Missouri.

Ashley Group Could Bring New Life to Pleasant Crossing in Rogers

by Arkansas Business Staff 7/21/2014 12:00 am

The Ashley Group of North Little Rock, one of the largest commercial property managers in the state, is looking to buy a mostly undeveloped 30.5-acre piece of the Pleasant Crossing development in Rogers.

Arvest Consumer Survey Shows Arkansans Mixed on Economy's Health

by Lee Hogan and Lance Turner 7/17/2014 8:57 am

Arvest Bank’s first consumer sentiment survey finds Arkansans have a dimmer outlook on the economy than their neighbors in Oklahoma and Missouri.

Purchases Spur Redevelopment Of Bank Branch Sites

by George Waldon 7/7/2014 12:00 am

Two competitors recently stepped into the Pulaski County banking market to replace Metropolitan National Bank and National Bank of Arkansas. Even with the redevelopment of four NBA branches, Pulaski County has no shortage of banking locations, with 199 full-service branches operated by more than two dozen lenders.

Jim Bolt Criminal Saga Reveals ‘A Certain Amount Of Genius’

by Gwen Moritz 6/30/2014 12:00 am

A federal judge sentenced James W. Bolt to a sentence 29 months longer than standard sentencing guidelines. It was an acknowledgement that the only way to keep Bolt from breaking the law was to keep him locked up.

Testimony: Arvest Bank Was Jim Bolt's Biggest Victim

by Gwen Moritz 6/24/2014 11:04 am

The Fayetteville bank had to make good on a guarantee it issued when Bolt fraudulently claimed $1.9 million in assets held as unclaimed by the state of California, an FBI agent testified Monday.

Arvest Names Tom Dame President in North-Central Arkansas

by Arkansas Business Staff 6/2/2014 12:00 am

Tom Dame has been named local bank president for Arvest Bank in north-central Arkansas. He replaces former bank president Jerry Cunningham, who left in late April. Arvest Bank-NCA has branches in Harrison, Lead Hill (Boone County), Yellville, Bull Shoals (Marion County), Flippin, Mountain Home and West Plains, Missouri.

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.