Tagged: heartland bank

Relyance Bank to Acquire Heartland Bank Branches

by Lance Turner 12/13/2017 10:32 am

Relyance Bank of Pine Bluff said Wednesday that it will acquire Heartland Bank branches in Bryant, Fordyce and Sheridan and take on certain deposit accounts at Heartland locations in Little Rock.

Walter Quinn Sues Heartland Bank, Richard O' Brien

by Arkansas Business Staff 12/4/2017 12:00 am

Once the largest stockholder in the Little Rock bank, Quinn claims O’Brien contributed to his financial difficulties and pushed him out of Heartland. His complaint alleges breach of fiduciary duty and fraud.

Ex-Partner Alleges Walter Quinn Used Straw Borrowers

by Mark Friedman 11/27/2017 12:00 am

A former business partner has alleged under oath that he and others served as straw borrowers so that Walter Quinn of Little Rock could access money from Heartland Bank, where Quinn was a director and its leading shareholder.

Heartland, One Bank See More Red in 3Q

by George Waldon 11/6/2017 12:00 am

Two Little Rock banks in need of capital are traveling divergent paths in search of balance sheet stability.

Judgment Ordered Against Plaintiff in Walter Quinn Case

by Arkansas Business Staff 10/30/2017 12:00 am

A Colorado businessman was hit last week with a $1.9 million judgment after defaulting on a loan that he said was tied to a business deal with Walter Quinn of Little Rock.

Rock Bancshares Also On the Hook to Farmers & Merchants Bank

by Arkansas Business Staff 9/25/2017 12:00 am

Simmons Bank of Pine Bluff wasn’t the only bank creditor of Rock Bancshares Inc. Farmers & Merchants Bank of Stuttgart was owed $687,271.

Simmons Bank Becomes Sole Shareholder of Heartland Bank

by Gwen Moritz 8/28/2017 4:29 pm

Simmons Bank of Pine Bluff is the successful bidder for the capital stock of Heartland Bank of Little Rock, which was auctioned Monday morning.

Heartland, One Bank Rack Up More Losses

by George Waldon 8/14/2017 12:00 am

The second-quarter results continued in the red at two Little Rock banks doing business under regulatory agreements.

Court Approves Heartland's Sale of Community State Bank

by George Waldon 8/14/2017 12:00 am

A bankruptcy judge signed off on the sale of Community State Bank of Bradley, the prime asset of its parent company, Allcorp Inc.

Purchase Offer Calls on Allcorp Bankruptcy

by George Waldon 7/10/2017 12:00 am

A new investment group of Texans makes a $2.3M pitch to buy Community State Bank of Bradley (Lafayette County).

Investigations Of Dallas Firm Hit Bank Deal

by George Waldon 6/19/2017 12:00 am

Government scrutiny of Harbor Portfolio Advisors of Dallas has contributed more baggage to weigh down a would-be sale of Arkansas’ smallest bank.

House of Cards: How John Rogers Bilked Banks, Conned Collectors

by George Waldon 5/29/2017 12:00 am

Not many people know that John Rogers was a millionaire real estate investor before he began serious work building his sports memorabilia and photo empire in North Little Rock. That’s because he wasn’t. It’s a big, fat lie.

Update: Heartland, Onebanc End 1Q in the Red

by George Waldon 5/22/2017 12:00 am

Two Little Rock lenders continue to battle through losses in search of a return to sustained profitability: Heartland Bank and One Bank & Trust.

Foreclosure Suit Takes Aim at Home of Walter Quinn

by Arkansas Business Staff 4/10/2017 12:00 am

Malvern National Bank claims more than $1.2 million is outstanding on a loan secured by the Riverview Point residence. The loan has been in default since November, according to the bank.

Heartland Endures Another Ugly 4Q

by George Waldon 2/6/2017 12:00 am

Heartland Bank of Little Rock recorded a nearly $7.9 million loss for 2016. The lion’s share of that loss occurred in the fourth quarter.

Heartland Bank Sees $7.9M Loss in 2016

by George Waldon 2/1/2017 11:26 am

Heartland Bank of Little Rock recorded a nearly $7.9 million loss for 2016. The lion's share of that loss occurred in the fourth quarter.

Heartland Bank, Stung in NY Bankruptcy, Enters Agreement With Federal Reserve

by George Waldon and Gwen Moritz 12/20/2016 11:34 am

Heartland Bank of Little Rock enters a written agreement with the Federal Reserve a day after emerging as a creditor to a hedge fund that federal prosecutors have described as "Ponzi-esque." Heartland and its lead shareholder, Walter Quinn, have suffered from the collapse of the oil and gas industry.

Fiscal Pain Shared By Walter Quinn, Heartland Bank

by George Waldon 9/5/2016 12:00 am

More than five years down the road from the bursting real estate bubble, Little Rock’s Heartland Bank and its largest shareholder were battered by loans related to another sector: oil and gas.

Allcorp Follows Acme Holding Into Bankruptcy

by George Waldon 8/29/2016 12:00 am

The Chapter 11 filing by Little Rock’s Allcorp Inc. in July marks the third Arkansas bank holding company to enter bankruptcy court in four years.

'Problem Assets' Spur Fundraising at Heartland Bank

by Arkansas Business Staff 8/15/2016 12:00 am

The parent company of Heartland Bank is raising $3 million “to meet the working capital needs of the holding company while we’re preserving the capital of Heartland Bank,” said Judy Lawton, president.