Tagged: first southern bank of batesville

Creditors Force Sale of Walter Quinn's Aspen Condo

by Arkansas Business Staff 7/25/2016 12:00 am

A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus.

Blocking And Tackling (Gwen Moritz Editor's Note)

by Gwen Moritz 6/13/2016 12:00 am

It's easy in hindsight to spot errors. I don’t know enough about auditing to know whether BKD’s auditors were incompetent. I do know from hard experience that errors often seem obvious in hindsight, and while they may be the result of lazy technique, some errors are virtually unavoidable.

BKD Agrees to $4 Million Settlement with FDIC

by Arkansas Business Staff 6/6/2016 12:00 am

Accounting firm BKD LLP agreed to pay the FDIC $4 million to settle a federal lawsuit tied to the 2010 failure of First Southern Bank of Batesville.

BKD Settles With FDIC Over Kevin Lewis Fraud

by Arkansas Business Staff 5/16/2016 12:00 am

The Federal Deposit Insurance Corp. last week settled its lawsuit against the accounting firm BKD LLP, just days before the trial was scheduled to begin in U.S. District Court in Little Rock.

In Fraud By Kevin Lewis, Blame Is On Trial

by Mark Friedman 5/9/2016 12:00 am

In a civil trial scheduled to start next Monday, the Federal Deposit Insurance Corp. will blame regional accounting firm BKD LLC for failing to uncover the massive fraud that led to the 2010 failure of First Southern Bank of Batesville.

First Southern Bank Missed Red Flags With Kevin Lewis Fraud, BKD Says

by Mark Friedman 1/19/2015 12:00 am

The accounting firm BKD LLC is blaming the collapse of First Southern Bank in Batesville on the failure of bank officers and officials to detect former Little Rock attorney Kevin Lewis’ fraud.

No Banking Future for Former First Southern CEO Woody Castleberry

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

Thanks to the fraud of convicted former Little Rock attorney Kevin Lewis, Woody Castleberry will never work in banking again. Castleberry told us last week that his settlement with the Federal Deposit Insurance Corp. was finally approved. He won’t have to pay a penalty, but he agreed never to be involved in banking again.

FDIC Still Mopping Up Kevin Lewis’ Fraud Mess

by Mark Friedman 8/4/2014 12:00 am

More than two-and-a-half years after former Little Rock attorney Kevin Lewis was sentenced to 10 years in federal prison for bank fraud, the Federal Deposit Insurance Corp. continues to clean up his mess.

Process Server Relates ‘Look of Terror’ on Face of Bond Scammer Kevin Lewis

by George Waldon 3/31/2014 12:00 am

Kevin Lewis wasn’t a high-profile guy until he started attracting lawsuits and the attention of federal investigators in connection with allegations of bank fraud involving multiple lenders. The day-to-day whereabouts of Lewis might be as enigmatic as the man, but Andy Myers can tell you where Lewis was on Feb. 3. That’s the day he caught up with Lewis at his parents’ home in Searcy.

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.