Not long ago, crossing the $10 billion-asset threshold for a bank was merely a big round-number achievement. Now, however, banks surpassing $10 billion in assets face additional costs, fee restrictions and new layers of regulatory oversight.
Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, according to the annual summary of deposits released Sept. 28 by the Federal Deposit Insurance Corp., a pace somewhat slower than the 5.4 percent growth in bank deposits nationally.
Jeff Lynch, president and CEO of Eagle Bank & Trust in Heber Springs, has been appointed to a three year term on the Community Depository Institutions Advisory Council of the Federal Reserve Bank of St. Louis.
When the real estate bubble popped in 2008, it popped big time in northwest Arkansas, which generated more “other real estate owned” than Little Rock. Now, sales and an improving economy are bringing calm to a market once noted for speculation.
The criminal trial of John Stacks, owner of Mountain Pure water bottler and former CEO of HomeBank of Arkansas, commenced last week before U.S. District Judge Leon Holmes, 12 jurors and two alternates.