Tagged: lex golden

Debt Discharged for Lex and Ellen Golden

by Arkansas Business Staff 4/23/2018 12:00 am

While Lex and Ellen Golden were discharged from bankruptcy last week, their Chapter 7 liquidation remains active with a pending auction of household furnishings and other assets.

Boss Hogg 2.0 (Gwen Moritz Editor's Note)

by Gwen Moritz 4/2/2018 12:00 am

Even after Allied Bank was shut down by the Arkansas State Bank Department in 2016, I wasn’t expecting a 40-page report from the Office of Inspector General. But Allied was special.

Quinn Says Gibbons Promissory Note Already Paid

by Arkansas Business Staff 4/2/2018 12:00 am

That promissory note, assigned to Tom Gibbons on Aug. 29, 2016, originally was held by Lex Golden, the former controlling party of defunct Allied Bank.

How the Goldens Ruled: Fed Report on Allied Notes Self-Dealing, Insider Abuse

by George Waldon 4/2/2018 12:00 am

The narrative of the report is dominated by criticism of the Goldens, by title rather than name, and the bank board they held sway over.

Tom Gibbons Fires Latest Shot in Walter Quinn Disputes

by Arkansas Business Staff 3/26/2018 12:00 am

A new lawsuit has been filed against Walter Quinn and his Quinn Investments Ltd. and Quinn Management Co.

Fed Report: Examiners Tried to Remove Goldens Years Before Bank Failure

by Gwen Moritz 3/22/2018 11:44 am

A report concludes that federal bank regulators recognized that Lex Golden was a poor banker and that his family was abusing its control of Allied Bank for years.

Suitors Revising Bid For State’s Tiniest Bank

by George Waldon 1/15/2018 12:00 am

The would-be buyers of the smallest bank in Arkansas have withdrawn their application to acquire Community State Bank of Bradley.

Amy Golden McCay Files for Chapter 7 Bankruptcy

by Arkansas Business Staff 7/31/2017 12:00 am

The outstanding balance of an FDIC $324,632 summary judgment from January 2015 against Amy Golden McCay is now part of her recently filed Chapter 7 bankruptcy.

Purchase Offer Calls on Allcorp Bankruptcy

by George Waldon 7/10/2017 12:00 am

A new investment group of Texans makes a $2.3M pitch to buy Community State Bank of Bradley (Lafayette County).

Investigations Of Dallas Firm Hit Bank Deal

by George Waldon 6/19/2017 12:00 am

Government scrutiny of Harbor Portfolio Advisors of Dallas has contributed more baggage to weigh down a would-be sale of Arkansas’ smallest bank.

Goldens' Meltdown Was Years In Making

by George Waldon 6/12/2017 12:00 am

Instead of saving Allied Bank from the ruinous meltdown of a radio-active loan portfolio he built, Little Rock banker Lex Golden rode the same downward spiral to insolvency.

Hergets Give Heights Icon New Chance

by Jan Cottingham 4/3/2017 12:00 am

The venerable Terry’s Finer Foods in the Heights lives now as the Heights Corner Market, a rebirth greeted with relief by all who relied on Terry’s for great meat, seafood, desserts and its selection of hard-to-find groceries.

Golden Bankruptcy Reveals Allcorp Deal

by George Waldon 3/13/2017 12:00 am

A possible bank stock sale and details of a legal settlement are part of the bankruptcy narrative in the 66-page Chapter 7 filed by Lex and Ellen Golden of Little Rock.

Lex Golden Lists Nearly $8 Million in Liabilities in Bankruptcy Filing

by Arkansas Business Staff 3/6/2017 12:00 am

Lex Golden, the Little Rock banker who once controlled two Arkansas financial institutions, recently filed Chapter 7 bankruptcy.

Last Little Rock Allied Bank Branch Set To Close

by Arkansas Business Staff 11/7/2016 12:00 am

Former Allied Bank customers have been notified that the bank branch at 5701 Kavanaugh Blvd. in Little Rock will be closing in late January.

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.