Tagged: chambers bank

Parkway Sale: Failed Foray Sets the Stage

by George Waldon 11/9/2015 12:00 am

The pending sale of Parkway Bankshares Inc. of Portland (Ashley County) will end an 11-year struggle to make profitable inroads in northwest Arkansas.

Allied Access Sore Subject Between Chambers Bank, Acme Holding

by Arkansas Business Staff 9/28/2015 12:00 am

The testy relationship between Acme Holding Co. and the leading creditor in its bankruptcy, evident in a two-day hearing in April, hasn’t improved.

Chambers Bank Lets Go of Westside Village OREO Property

by Arkansas Business Staff 9/21/2015 12:00 am

Chambers Bank of Danville has agreed to sell one of its seven OREO properties in Springdale to a Fayetteville investment group.

Trustee Hopes to Avoid Allied Bank Stock Auction

by George Waldon 8/17/2015 12:00 am

A new player has emerged in the bankruptcy case of Acme Holding Co. since its Chapter 11 reorganization was converted to Chapter 7 liquidation by judicial decree last month.

Third Lawsuit Opens Between Chambers Bank, Golden Family

by Arkansas Business Staff 7/27/2015 12:00 am

A third legal front has been opened in the financial disputes between Chambers Bank of Danville and the Lex Golden family of Little Rock.

Judge Orders Liquidation of Allied Bank Parent Company

by George Waldon 7/24/2015 11:06 am

U.S. Bankruptcy Court Judge Ben Barry orders the liquidation of Acme Holding Co., the parent company of Allied Bank of Mulberry.

Allied OREO Auction To Include Bank Branches

by George Waldon 7/20/2015 12:00 am

The balance sheet of Mulberry’s Allied Bank is positioned to undergo a third-quarter makeover after a July 21-24 real estate auction. The $107 million-asset lender intends to liquidate a chunk of its OREO portfolio during the four-day event.

Acme Files New Suit Against Chambers in Branch Tussle

by Arkansas Business Staff 6/29/2015 12:00 am

Acme Holding Co., the parent company of the $107 million-asset Allied Bank of Mulberry, recently opened a new front in the ongoing financial dispute with its lead creditor.

Future of Allied Bank Could Be Decided by June Ruling in Acme Case

by George Waldon 5/25/2015 12:00 am

Three of the largest creditors of Acme Holding Co. recently submitted briefs in support of converting the bank holding company’s Chapter 11 reorganization to Chapter 7 liquidation.

Acme Holding: No Dividends Weigh Heavily

by George Waldon 4/27/2015 12:00 am

Did creditors representing $9.5 million worth of debt convince U.S. Bankruptcy Court Judge Ben Barry that Acme Holding Co. is a lost cause? A ruling in their favor could result in the second auction of an Arkansas bank in three years.

Bankruptcy Judge Considers Allied Bank Auction

by George Waldon 4/13/2015 12:00 am

The continued ownership of Allied Bank by the Lex Golden family is under judicial review after a recent two-day bankruptcy hearing in Fayetteville. U.S. Bankruptcy Judge Ben Barry will decide in the coming weeks whether Acme Holding Co. should be liquidated, resulting in the sale of Allied, the $111 million-asset bank chartered in Crawford County.

Creditors Urge Acme Liquidation, Auction of Allied Bank Stock

by George Waldon 1/19/2015 12:00 am

Three of the largest creditors of Acme Holding Co. want to see its Chapter 11 bankruptcy reorganization converted to Chapter 7 liquidation.

Jerry Jones Buys Land for $7M, Gives Ownership to Razorback Foundation

by Marty Cook 1/7/2015 1:31 pm

Dallas Cowboys owner Jerry Jones bought 254 acres in south Fayetteville for about $7.3 million. Jones purchased the property from Chambers Bank of Danville.

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.