Tagged: first security bank

First Security Bank First in Faulkner County

by Arkansas Business Staff 10/26/2015 12:00 am

First Security Bank, the Searcy bank owned by Reynie Rutledge, overtook publicly traded Centennial Bank in Faulkner County — Centennial’s home county.

Deposits Grow as Number of Arkansas Banks Shrinks

by Gwen Moritz 10/26/2015 12:00 am

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.

Arkansas Bankers Engage in Efficiency Contest

by George Waldon 10/26/2015 12:00 am

The sub-40 percent efficiency ratio, which has grown in profile in the post-2008 finance world, reflects how many pennies it costs a company to make a buck. The average efficiency ratio among all Arkansas banks through the first half of 2015 is about 70 percent.

FDIC: Arkansas Bank Deposits Reach $56.5B

by Gwen Moritz 9/29/2015 11:30 am

Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, a pace somewhat slower than the 5.4 percent growth in bank deposits nationally.

Fayetteville Businessman Gets 1 Year for Defrauding First Security Bank

by Gwen Moritz 9/4/2015 12:59 pm

Former Fayetteville businessman Andrew C. Judkins was sentenced Thursday to 12 months in federal prison and ordered to pay $438,500 in restitution for two counts of bank fraud.

Return on Equity: Top 14 Performers Dot Arkansas

by George Waldon 3/30/2015 12:00 am

Fourteen lenders based in Arkansas produced returns on equity (ROE) that topped 13 percent during 2014. The banks were scattered across the state and represented some of the largest and smallest financial institutions.

Former Fayetteville Business Owner Found Guilty of Bank Fraud

by Mark Friedman 3/9/2015 5:39 pm

A U.S. District Court jury in Fayetteville found the former owner of a defunct Fayetteville leasing company guilty Monday of two counts of bank fraud against First Security Bank.

Southern Bancorp's Mississippi Acquisition Tops $1M

by George Waldon 12/22/2014 12:00 am

Southern Bancorp Inc. of Arkadelphia is paying $1.15 million for the $15.9 million-asset Bank of Bolivar County.

Arkansas Baptist Gets $30M to Repay Debt, Get Back on Track

by George Waldon 12/15/2014 12:00 am

Little Rock’s Arkansas Baptist College recently secured a $30 million funding agreement that has helped calm its troubled financial waters. The deal is a significant event to restore order at the 130-year-old private college after 18 months of trial and tribulation.

Watson Furniture Gets New Lease on Life (NWA Real Deals)

by Marty Cook 11/24/2014 12:00 am

Philip Taldo has had a busy, happy month. Top on his list is his purchase of Watson Furniture Store on Main Street in downtown Springdale. Taldo, a Springdale real estate agent, paid $250,000 for the two-story, 10,720-SF building that he remembers fondly as the place his father started working at in 1951.

First Security Opens LPO in Hot Springs

by Gwen Moritz 10/15/2014 3:57 pm

First Security Bank of Searcy recently opened a loan production office in Hot Springs and is still on the hunt for a location for its first full-service branch in the Garland County, according to Scott Dews, market president.

Relyance Lures Straessle Away from First Security

by Arkansas Business Staff 9/8/2014 12:00 am

David Straessle, who had been president of the Little Rock market for First Security Bank of Searcy since 2011, was hired last Thursday to do the same job for Relyance Bank of Pine Bluff.

First Security Bank Forecloses on Dennis Smiley Home

by George Waldon 8/8/2014 8:02 am

First Security Bank of Searcy files a foreclosure lawsuit on a $200,000 loan secured by Dennis Smiley’s home in Rogers.

Moses & Tucker Lead Refinancing of River Market Tower

by Arkansas Business Staff 6/9/2014 12:00 am

Did you know the River Market Tower in downtown Little Rock is built on a new financial foundation? The ownership group, led by developers Jimmy Moses and Rett Tucker, bought the project’s debt from an affiliate of the The Broe Group of Denver for an undisclosed sum.

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.

Convicted Beebe Banker Banned From Industry

by Gwen Moritz 2/28/2014 11:09 am

A Beebe banker scheduled to enter federal prison in less than two weeks has been banned from working in the banking industry in the future.

Simmons First Promotes Kish Ivey as Senior Vice President (Movers & Shakers)

by Arkansas Business Staff 2/24/2014 12:00 am

Kish Ivey was recently promoted to senior vice president at Simmons First National Corp. in Pine Bluff. Ivey has more than six years of experience with Simmons and previously held the position of compliance manager for Simmons First National Bank.

Former Fayetteville Business Owner Indicted

by Gwen Moritz 1/7/2014 1:51 pm

The former owner of a defunct Fayetteville leasing company has been charged with 12 federal felonies, including bank fraud against Bank of the Ozarks and First Security Bank.

Payroll Vault Opens in Conway

by Eric Monson 11/25/2013 12:00 am

Payroll Vault, a payroll services company based out of Littleton, Colo., now has a franchise in Conway.

McCain Place Building Draws $2 Million Sale (Real Deals)

by George Waldon 11/25/2013 12:00 am

First Security Bank of Searcy purchased the McCain Place Building at 2504 McCain Blvd. from Woodcrest Co. LLP, led by James Matthews. And a Dollar General store in Sherwood is under new ownership after a $1.24 million sale.