Tagged: lex golden

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.

Golden Moments in Acme Bankruptcy Court

by Arkansas Business Staff 4/13/2015 12:00 am

Lex Golden, chairman and CEO of Acme Holding Co., served up some meandering testimony during nearly an hour on the witness stand in bankruptcy court on April 2.

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.

Creditors Urge Acme Liquidation, Auction of Allied Bank Stock

by George Waldon 1/19/2015 12:00 am

Three of the largest creditors of Acme Holding Co. want to see its Chapter 11 bankruptcy reorganization converted to Chapter 7 liquidation.

Best Quotes of 2014

by Arkansas Business Staff 12/30/2014 11:15 am

They said it: The best quotes of the year.

Acme Creditors Oppose 3-Branch Sale, Say Allied Assets Should Be Separate

by George Waldon 6/9/2014 12:00 am

A proposed $2 million sale of three of Allied Bank’s six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock.

Acme Files Chapter 11 to Avoid Takeover

by George Waldon 5/5/2014 12:00 am

The parent company of Allied Bank of Mulberry was steered into bankruptcy to stave off a possible takeover by a fellow lender. The defensive move buys Acme Holding Co. more time to work out a solution with Chambers Bank of Danville and other creditors.

Allied Bank's Holding Company Files for Bankruptcy Reorganization

by George Waldon 4/29/2014 4:24 pm

Acme Holding Co. filed a voluntary petition listing estimated assets of less than $50,000 and estimated liabilities of up to $10 million, including $1.4 million loaned to the employee stock ownership plan.

Search

Latest Arkansas Business Poll

Should Congress renew the Export-Import Bank?