Tagged: homebank of arkansas

Simmons First Sues Mountain Pure for Defaulting on $16.5M in Loans

by Mark Friedman 3/25/2014 04:17 pm

Simmons First National Bank has sued Mountain Pure and its owner, John B. Stacks, for defaulting on $16.5 million worth of loans. Meanwhile, Stacks is launching a website to offer his take on events surrounding his indictment in separate case.

John Stacks: Federal Charges 'Without Merit' But Not Surprising

by Gwen Moritz 12/13/2013 01:24 pm

Banker and business owner John Stacks has issued a statement denying any wrongdoing in his dealings with a Small Business Administration loan while complaining that a recent federal indictment was so vague that "we're not exactly sure what it is alleging."

Update: John Stacks, Banker and Owner of Mountain Pure Water, Indicted on 11 Counts

by Gwen Moritz 12/3/2013 09:36 pm

John Stacks, the owner of water bottler Mountain Pure LLC, was indicted Tuesday on 11 felony counts related to what federal prosecutors say was a fraudulent loan from the U.S. Small Business Administration in 2009. Charges include wire fraud and money laundering.