Arkansas bank deposits grew at a 7.5 percent clip in the year that ended June 30, handily beating the national growth rate and topping $60 billion for the first time as the number of separate banks and branch locations operating in the state continued to decline.
Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, according to the annual summary of deposits released Sept. 28 by the Federal Deposit Insurance Corp., a pace somewhat slower than the 5.4 percent growth in bank deposits nationally.
The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.
Donnie Cook has more than 40 years of experience in banking. He’s the Arkansas state president and Little Rock market president for Bank of America as well as its senior client manager in its Commercial Bank Specialized Industries Division, overseeing the development of nonprofit, religious and health care clients.
Bank deposits in Arkansas declined by about a half-percent in the 12 months that ended June 30, according to the annual summary of deposits released Monday by the Federal Deposit Insurance Corp. Total deposits statewide dropped back to $53.1 billion, down $267.6 million in a year.
Roger Stephen "Steve" Clary pleaded guilty Thursday to a single count of mail fraud, admitting that he misused almost $1.6 milion of a $4.5 million loan he received from Bank of America Leasing Capital in 2008. Four other federal felony counts were dismissed.
Thirty new applications in January were filed by Arvest Bank of Fayetteville, and 29 of those seek approval to buy Bank of America branches in Arkansas, Missouri, Oklahoma and Kansas as announced in December.
Arvest Bank of Fayetteville announces that it has agreed to buy 29 bank branches in four states, including Arkansas, from Bank of America Corp. The agreement includes nine branches in Arkansas in Harrison, Hot Springs, Hot Springs Village, Mountain Home and Russellville.