Tagged: one bank & trust

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.

Allied, Pinnacle, Heartland Score Texas Ratios Over 100

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

Two Arkansas banks generated Texas Ratios above 100 at year-end 2014. Twelve months later, the number grew to three, with Heartland Bank of Bryant (112.28) joining Pinnacle Bank of Rogers (139.3) and Allied Bank of Mulberry (183).

Albert Solaroli Restitution in One Bank Case Fails to Appear

by Arkansas Business Staff 3/7/2016 12:00 am

A $120,000 restitution payment from Alberto Solaroli as part of his plea deal still hadn’t been paid by Wednesday, and First Assistant U.S. Attorney Pat Harris was not amused.

'When You Steal $1.5 Million …' (Gwen Moritz Editor's Note)

by Gwen Moritz 3/7/2016 12:00 am

For the second straight week, I’m going to write about listening to the Chief U.S. District Judge deliver a well-reasoned message on fair play.

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.

One Bank Customer Solaroli Sentenced to One Year in Federal Prison

by Gwen Moritz 2/26/2016 6:17 pm

"I think when you steal $1.5 million, you deserve prison," Chief U.S. District Judge Brian Miller of Little Rock told Alberto Solaroli, the Canadian citizen who pleaded guilty to laundering proceeds from a 2007 bank loan.

Oklahoma Bank Registers $3M Judgment Against Phil Herrington

by Arkansas Business Staff 1/25/2016 12:00 am

The judgment represents the outstanding balance on a $4 million loan from First Commercial Bank of Edmond, Oklahoma.

Albert Solaroli Due To Be Sentenced in One Bank Case

by Arkansas Business Staff 1/18/2016 12:00 am

Albert Solaroli, the Florida businessman who pleaded guilty last April to money laundering related to an infamous $1.5 million loan from One Bank & Trust, is scheduled to be sentenced Thursday by U.S. District Judge Brian Miller in Little Rock.

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.

James Schnoes, One Bank & Trust (Bank CFO Finalist)

by Arkansas Business Staff 10/26/2015 12:00 am

The J.B. Hunt family lured James Schnoes away from banking back in 1988, which led to more than 20 years of trucking-related work. In 2013, Johnelle Hunt lured him back with an assignment to help reverse the financial fortunes of One Bank & Trust of Little Rock.

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.