Tagged: lex golden

Allied Auction Saw More Banks Bid; Chambers Garnishes Golden's Last Paycheck

by Arkansas Business Staff 10/24/2016 12:00 am

The OREO component separated Today’s Bank's winning bid of a negative $6.14 million from the pack. And in its collection efforts, Chambers last month garnished an $886 paycheck, one of Lex Golden’s last paydays at Allied.

Today’s Bank Takes On Teetering Allied

by George Waldon 10/3/2016 12:00 am

The Allied Bank staff was still a little shell-shocked when they convened at the main office in Mulberry on Saturday, Sept. 24. The day after regulators took over the $66.3 million-asset lender, employees gathered to learn what the future held under the new ownership of Today’s Bank of Huntsville.

Today's Bank Named Receiver for Undercapitalized Allied Bank

by Gwen Moritz 9/23/2016 7:17 pm

State and federal bank regulators on Friday named Today's Bank of Huntsville as receiver for Allied Bank, the Mulberry bank whose parent company, Acme Holding Co., is in Chapter 7 bankruptcy.

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.

Federal Reserve Orders Allied Bank to Improve Equity Capital or Sell

by George Waldon 8/22/2016 10:49 am

Allied Bank of Mulberry has been ordered to take action to improve its equity capital or strike a deal to sell during the next 30 days.

Golden Property Allcorp Inc. Goes Bankrupt

by Arkansas Business Staff 8/1/2016 12:00 am

Allcorp Inc. of Little Rock, which owns the $16.9 million-asset Community State Bank of Bradley (Lafayette County), filed for Chapter 11 reorganization late Wednesday.

Creditors Force Sale of Walter Quinn's Aspen Condo

by Arkansas Business Staff 7/25/2016 12:00 am

A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus.

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.

All’s Quiet on the Acme Bankruptcy Front

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

The parent company of Mulberry’s Allied Bank marked its second year in bankruptcy last month.

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.

Former Allied Ally Latest To File Lawsuit Against Acme Owners

by Arkansas Business Staff 11/2/2015 12:00 am

A new lawsuit has arisen from the financial meltdown of Acme Holding Co., parent company of the $98.6 million-asset Allied Bank of Mulberry (Crawford County).

Allied Access Sore Subject Between Chambers Bank, Acme Holding

by Arkansas Business Staff 9/28/2015 12:00 am

The testy relationship between Acme Holding Co. and the leading creditor in its bankruptcy, evident in a two-day hearing in April, hasn’t improved.

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.

Third Lawsuit Opens Between Chambers Bank, Golden Family

by Arkansas Business Staff 7/27/2015 12:00 am

A third legal front has been opened in the financial disputes between Chambers Bank of Danville and the Lex Golden family of Little Rock.

Judge Orders Liquidation of Allied Bank Parent Company

by George Waldon 7/24/2015 11:06 am

U.S. Bankruptcy Court Judge Ben Barry orders the liquidation of Acme Holding Co., the parent company of Allied Bank of Mulberry.

Allied OREO Auction To Include Bank Branches

by George Waldon 7/20/2015 12:00 am

The balance sheet of Mulberry’s Allied Bank is positioned to undergo a third-quarter makeover after a July 21-24 real estate auction. The $107 million-asset lender intends to liquidate a chunk of its OREO portfolio during the four-day event.

Acme Files New Suit Against Chambers in Branch Tussle

by Arkansas Business Staff 6/29/2015 12:00 am

Acme Holding Co., the parent company of the $107 million-asset Allied Bank of Mulberry, recently opened a new front in the ongoing financial dispute with its lead creditor.

Acme Bankruptcy Proceedings Reveal Kevin Lewis Loss

by Arkansas Business Staff 4/27/2015 12:00 am

A fractious relationship between Hildene Capital Management and Acme Holding Co. was evident in the April 2-3 courtroom interaction between Rex Terry of Fort Smith, Hildene’s local counsel, and Lex and Alex Golden of Little Rock.

Acme Holding: No Dividends Weigh Heavily

by George Waldon 4/27/2015 12:00 am

Did creditors representing $9.5 million worth of debt convince U.S. Bankruptcy Court Judge Ben Barry that Acme Holding Co. is a lost cause? A ruling in their favor could result in the second auction of an Arkansas bank in three years.