Tagged: fdic

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.

Statewide Bank Deposits Dip Slightly, New FDIC Report Shows

by Gwen Moritz 10/2/2013 09:09 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.