Tagged: chambers bank

Steve Standridge: No Personal Gain From $7M Fraud

by Gwen Moritz 12/15/2014 12:00 am

Steve Standridge was emotional but conspicuously unapologetic when he explained to a federal judge why he committed the crimes for which she had just sentenced him to five years in prison.

Acme Creditors Oppose 3-Branch Sale, Say Allied Assets Should Be Separate

by George Waldon 6/9/2014 12:00 am

A proposed $2 million sale of three of Allied Bank’s six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock.

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.

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.

Fayetteville Council OKs Mount Kessler Purchase

by Marty Cook 2/24/2014 12:00 am

The Fayetteville City Council voted unanimously Tuesday to use $1.6 million from the city’s reserve fund to complete the purchase of 376 acres that include Mount Kessler.

Benton County Residential OREO Sampler

by George Waldon 6/24/2013 12:00 am

A bank-by-bank look at some of the Other Real Estate Owned properties in Benton County, which includes residential lots and undeveloped acreage.

Federal Judge Turns Down Deposition Request in Steve Standridge Case

by Arkansas Business Staff 6/10/2013 12:00 am

U.S. District Judge Brian Miller, the third federal judge to take on the bank fraud case of former Mount Ida insurance agent Steve Standridge, has said no to Standridge’s request to depose one of the government’s two primary witnesses.

Brandon Barber, 4 Others Indicted for Fraud, Money Laundering

by Lance Turner and Gwen Moritz 3/20/2013 1:12 pm

Former northwest Arkansas real estate developer Brandon Barber has been arrested in New York and charged with multiple counts of bank fraud, money laundering, conspiracy to commit bankruptcy fraud, bankruptcy fraud, false statements and concealment of assets

Chambers' Hold of Decatur State Bank Not Meant To Last Forever

by George Waldon 3/4/2013 12:00 am

Chambers Bank took control of Decatur State Bank when its owners had to forfeit Peterson Holding Co. shares to make good on a loan gone bad. Peterson Holding owns DSB.

Bad Debt Triggers Chambers Bank Deal

by George Waldon 2/4/2013 12:00 am

The mid-November purchase of Peterson Holding Co. by Chambers Bank of Danville wasn’t your typical transaction.

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.

Little Rock Bank Branch Resale Closes at $1.1 Million (Real Deals)

by George Waldon 10/29/2012 12:00 am

A bank branch in downtown Little Rock repurchased in a $1.1 million transaction and a 7.3-acre piece of west Little Rock sold for $612,000 highlight this week's transactions.

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