Tagged: heartland bank

'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.

Heartland Bank's Walter Quinn Building Loan Settlement with Texas Bank

by Arkansas Business Staff 7/6/2015 12:00 am

Walter Quinn, a leading investor in Heartland Bank of Little Rock, is working through some financial difficulties in Oklahoma.

Allied Bank Assets Undervalued — or Not

by George Waldon 4/13/2015 12:00 am

Among the Allied Bank assets discussed during Acme Holding’s recent bankruptcy hearing were energy stocks valued at $3.8 million in a 2012-13 appraisal.

Bankruptcy Judge Considers Allied Bank Auction

by George Waldon 4/13/2015 12:00 am

The continued ownership of Allied Bank by the Lex Golden family is under judicial review after a recent two-day bankruptcy hearing in Fayetteville. U.S. Bankruptcy Judge Ben Barry will decide in the coming weeks whether Acme Holding Co. should be liquidated, resulting in the sale of Allied, the $111 million-asset bank chartered in Crawford County.

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.

Heartland Foundation Donates $97k to Nonprofits in 2014

by Arkansas Business Staff 12/8/2014 2:02 pm

Throughout 2014, the Heartland Foundation of Little Rock, the charitable outlet of Heartland Bank, has donated nearly $100,000 to nine nonprofits.

Heartland Bank Finds New HQ in The Heights

by George Waldon 10/27/2014 12:00 am

The 922-SF leased facility at 5100 Kavanaugh Blvd. in the Heights area is likely the smallest bank HQ in all of Arkansas.