Tagged: layton “scooter” stuart

Settlement Reached Between One Bank, BHL Financing

by Arkansas Business Staff 6/27/2016 12:00 am

The litigation between Johnelle Hunt’s BHL Financing LLC and Little Rock’s One Bank & Trust is no more.

Trial Set for June 1 for Former One Bank Execs

by Arkansas Business Staff 5/23/2016 12:00 am

The federal criminal trial of two remaining defendants formerly of One Bank & Trust of Little Rock is still scheduled to start next week, although indications are that it will be June 1 rather than May 30.

One Bank & Trust Capitalization Plan Forms

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

Little Rock’s One Bank & Trust hasn’t generated a normal quarterly profit since the Office of the Comptroller of the Currency ousted Layton “Scooter” Stuart as CEO in September 2012.

Calling Out Boss Hogg (Gwen Moritz Editor's Note)

by Arkansas Business Staff 4/11/2016 12:00 am

Federal Reserve examiners will be trained to look for signs of a bank executive who dominates subordinates or assumes too many roles. You and I might call him a Boss Hogg.

Arkansas Surgical Hospital Registers $56.6 Million Sale (Real Deals)

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

Broadstone Ash Arkansas LLC, an affiliate of Broadstone Real Estate of Rochester, New York, bought the Arkansas Surgical Hospital at 5201 Northshore Drive.

Scooter Stuart’s Fall Still Feeds Litigation

by George Waldon 2/29/2016 12:00 am

Only a handful of lawsuits that erupted from the upheaval at One Bank & Trust continue to wind through the court system.

Another OneFinancial Asset Eyed by Johnelle Hunt's BHL

by Arkansas Business Staff 1/11/2016 12:00 am

BHL Financing is making a claim on $1.2 million worth of trust-preferred shares issued by West Tennessee Bancshares Inc., holding company for the $337 million-asset Bank of Bartlett.

Judge Dismisses 4-Count Indictment Against Tom Whitehead

by Gwen Moritz 12/14/2015 11:17 am

The four-count criminal indictment against former One Bank & Trust executive Tom Whitehead was dismissed Thursday by U.S. District Judge Kristine G. Baker at the request of federal prosecutors.

Gary Rickenbach Offers Conditional Guilty Plea in One Bank Case

by Gwen Moritz 11/24/2015 11:37 am

Gary Rickenbach, the former senior executive vice president of One Bank & Trust of Little Rock, offered a conditional guilty plea in federal court provided the judge agrees to sentence him to two years of probation.

BHL Makes Claim Against OneFinancial on Maumelle Office Building

by Arkansas Business Staff 11/23/2015 12:00 am

Johnelle Hunt, through BHL Financing LLC, filed a lien on the Parker Building in Maumelle in connection with a default judgment of $14.7 million against OneFinancial, the holding company of One Bank & Trust.

One Bank Sues Insurance Broker Over 11-Year-Old Loan

by Arkansas Business Staff 11/16/2015 12:00 am

One Bank sues Debra Hoag, the Chicago insurance broker who helped arrange the $20 million life insurance policy for the late Layton “Scooter” Stuart

Investment Group Headed by Johnelle Hunt Alleges Fraud in One Bank Lawsuit

by Arkansas Business Staff 11/9/2015 12:00 am

Extraordinary items have provided the $329 million-asset One Bank & Trust with three quarterly respites from losses during the past 18 months. But more courtrooms await the bank since being sued by BHL Financing

John Hancock Insurance Loan to Scooter Stuart Gains New Life in Lawsuit

by George Waldon 11/9/2015 12:00 am

Layton "Scooter" Stuart received a $20 million life insurance policy with his family trusts as the beneficiaries. His alleged abuse of the trusts and his borrowing privileges on the policy are the basis of a federal lawsuit headed for trial in February.

Settlement Will Boost One Bank’s Capital

by George Waldon 10/5/2015 12:00 am

A financial decision that Layton “Scooter” Stuart made in the weeks preceding his death in March 2013 is breathing fiscal life into Little Rock’s One Bank & Trust. The de facto capital injection is happening in a way that he didn’t plan and couldn’t have foreseen.

One Bank Announces Settlement Over 'Scooter' Stuart Money

by Arkansas Business Staff 10/1/2015 11:50 am

One Bank & Trust of Little Rock on Thursday announced the settlement of an $18 million lawsuit over assets seized from entities connected with the late Layton "Scooter" Stuart, its former CEO.

Parties Close to Final Settlement Over 'Scooter' Stuart Money

by George Waldon 9/28/2015 11:39 am

The final paperwork is nearing completion on a settlement agreement that will boost the equity capital at Little Rock's One Bank & Trust by $6.9 million.

Countdown Ticks: Cash Or Court for One Bank & Trust?

by George Waldon 9/14/2015 12:00 am

The third anniversary of the regulator-mandated regime change at Little Rock’s One Bank & Trust is approaching. The national bank has endured a tumultuous ride since Layton “Scooter” Stuart was removed as chairman, president and CEO on Sept. 28, 2012.

'Scooter' Stuart Family, Bank Reach Settlement Over $14.9M Forfeiture

by George Waldon 7/27/2015 12:45 pm

A tentative settlement has been reached in the civil forfeiture of $14.9 million seized from Layton "Scooter" Stuart and his estate. The development has led to the postponement of the scheduled start of a trial in U.S. District Court on Aug. 17.

Federal Prosecutors Sue Scooter Stuart's Estate, Family Trusts

by Gwen Moritz 7/8/2015 10:27 am

The lawsuit is the latest in a cascade of civil and criminal cases alleging widespread and long-term fraud by Stuart and other executives of One Bank & Trust and its holding company.

Matthew Sweet, Former One Bank Controller, Sentenced to Probation

by Gwen Moritz 4/29/2015 4:03 pm

Federal prosecutors agreed to seek no prison time for Sweet, who had repaid One Bank for $110,000 embezzled to pay his personal credit cards.