Tagged: heartland bank

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.

Chambers Bank Lands $2 Million Golden Judgment

by George Waldon 7/25/2016 12:00 am

The latest ruling is one in a string of lawsuits spawned by the bankruptcy of Acme, the parent company of Allied Bank of Mulberry. Under the Golden family’s ownership and management, the bank has lost more than $14 million since 2010.

Lex Golden Sues Chambers Bank Over Failed Bank Buys

by Arkansas Business Staff 7/18/2016 12:00 am

Lex Golden and his wife, Ellen, sued Chambers Bank of Danville in Crawford County Circuit Court alleging the lender essentially was responsible for causing all their money troubles.

Colony West Apartments Draw $6.3 Million Sale (Real Deals)

by George Waldon 7/18/2016 12:00 am

A 126-unit apartment complex in west Little Rock weighed in at $6.3 million, and a Heights retail project tipped the scales at $1.34 million.

5 Arkansas Banks Tally 1Q Losses

by George Waldon 7/4/2016 12:00 am

Twenty-one Arkansas banks recorded a first-quarter profit of less than $200,000. Of that group, only five booked losses.

Despite Individual Victories, Progress Slow For Women in Arkansas Banking

by Gwen Moritz 5/9/2016 12:00 am

For women in Arkansas’ banking industry, every encouraging development seems to be matched by discouraging reality.

OCC-Regulated Banks Continue To Grow Scarce

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

Once two recent proposals are approved, the number of Arkansas financial institutions regulated by the Office of the Comptroller of the Currency will fall to 18. The roster of banks regulated by the Arkansas State Bank Department will climb to 86.

Shale Play Loan Hits Nonaccrual at Heartland Bank

by George Waldon 4/11/2016 12:00 am

Among Heartland’s biggest and worst energy-related loans is one connected with a shale play in the New Albany formation of eastern Illinois.

Allied, Pinnacle, Heartland Score Texas Ratios Over 100

by George Waldon 3/14/2016 12:00 am

Two Arkansas banks generated Texas Ratios above 100 at year-end 2014. Twelve months later, the number grew to three, with Heartland Bank of Bryant (112.28) joining Pinnacle Bank of Rogers (139.3) and Allied Bank of Mulberry (183).

Bear State Suit Puts Walter Quinn Jet on the Radar

by Arkansas Business Staff 2/22/2016 12:00 am

A new lawsuit has taken flight in search of money and assets from Little Rock businessman Walter Quinn.

Heartland Bank Takes Over Allied Bank's Last Little Rock Branch

by Arkansas Business Staff 2/15/2016 12:00 am

The location of Allied Bank’s last operational branch in Little Rock recently was forfeited in lieu of foreclosure.

Heartland Bank Braces For 2016

by George Waldon 2/15/2016 12:00 am

Heartland Bank of Little Rock and its parent company, Rock Bancshares Inc., have started 2016 amid changes in management, board membership and more.

Judy Lawton, Heartland Bank (Bank CFO Finalist)

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

Judy Lawton has worked as a chief financial officer for most of her 34-year career in banking. She recently celebrated her 11th anniversary as CFO and chief operating officer at Bryant’s Heartland Bank, which she helped transform from a $44 million-asset thrift into today’s $244 million-asset lender.

Trustee Hopes to Avoid Allied Bank Stock Auction

by George Waldon 8/17/2015 12:00 am

A new player has emerged in the bankruptcy case of Acme Holding Co. since its Chapter 11 reorganization was converted to Chapter 7 liquidation by judicial decree last month.

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