Tagged: fdic

Bank of the Ozarks Contributes to Statewide Deposit Growth

by Gwen Moritz 9/30/2016 10:11 am

Arkansas bank deposits topped $60 billion as of June 30, and Bank of the Ozarks alone accounted for more than $2 billion of $4.28 billion in new deposits.

Today's Bank Named Receiver for Undercapitalized Allied Bank

by Gwen Moritz 9/23/2016 7:17 pm

State and federal bank regulators on Friday named Today's Bank of Huntsville as receiver for Allied Bank, the Mulberry bank whose parent company, Acme Holding Co., is in Chapter 7 bankruptcy.

FDIC Points Finger at Accounting Firm for Missed Opportunities in Kevin Lewis Fraud

by Arkansas Business Staff 12/23/2013 12:00 am

The Federal Deposit Insurance Corp. is blaming BKD LLP, the Springfield, Mo., accounting firm with a large Little Rock office, for allowing Kevin Lewis’ fraud to go undetected long enough to destroy First Southern Bank of Batesville.

Regulators Approve Ban on High-Risk Bank Trades

by Associated Press 12/11/2013 7:14 am

U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.

Statewide Bank Deposits Dip Slightly, New FDIC Report Shows

by Gwen Moritz 10/2/2013 9:09 am

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.

A Busy Few Weeks in Banking (Editorial)

by Arkansas Business Editors 7/15/2013 12:00 am

Some of us have watched the banking industry long enough to recognize the cycles, so we were expecting to see bank deals start to happen. We weren’t necessarily expecting three deals involving five of the state’s 20 largest banks in less than two weeks — but when business news is one’s business, that’s an embarrassment of riches.

Bank Failures, Acquisitions Slowing Down

by Arkansas Business Staff 4/8/2013 12:00 am

The flood of FDIC-assisted bank acquisitions that Johnny Allison once called a “generational opportunity” for his Home BancShares Inc. of Conway has slowed to a trickle.