Q1 Loss Lingers For Arvest Bank
by George Waldon – 5 days ago
Fayetteville's Arvest Bank lost nearly $1.4 million for the six months ending June 30, compared with an $81 million profit during the first half of 2022.
Fayetteville's Arvest Bank lost nearly $1.4 million for the six months ending June 30, compared with an $81 million profit during the first half of 2022.
Staci Avery and Jennifer Scarbrough join First Community Bank of Batesville.
The Employee Retention Credit was designed help small businesses keep paying their employees during the height of the pandemic if they were fully or partly suspended from operating.
Girard was previously the bank's director of operations. She has nearly 25 years of experience in the industry. read more >
The program offers loans, lines of credit and lending-related financial education to small business customers that fall just below existing bank credit requirements. read more >
The agency said in a statement that including medical debt in credit scores is problematic because "mistakes and inaccuracies in medical billing are common." read more >
The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.29%. read more >
The more measured approach to rate increases the Fed is now taking reflects an awareness among the officials that the risks to the economy of raising rates too high is growing. read more >
It's the first increase since October. Meanwhile, Arkansas' labor force participation rate was unchanged. read more >
Union Bankshares Inc. of Mena says it will combine its two bank charters, Union Bank and First National Bank at Paris, and operate all its bank branches under one name, Union Bank. read more >
The focus for Wall Street investors and analysts now is shifting toward what comes next. Some clues could come in the updated interest rate projections it releases each quarter and at a news conference with Chair Jerome Powell. read more >
Smith joined Colliers in 2003 as a broker, became a principal in 2009 and was named president in 2017. read more >
The average rate on the benchmark 30-year home loan rose to 7.18% from 7.12% last week, according to Mortgage buyer Freddie Mac on Thursday. A year ago, the rate averaged 6.02%. read more >
About 1.1 million individual income taxpayers will receive a tax reduction. read more >
Despite the seemingly divergent figures, the decline in the core measure points to inflation coming under control. read more >
The agency said 1,600 millionaires and 75 large business partnerships owe hundreds of millions of dollars in past due taxes. read more >
Population growth in central Arkansas has slowed since 2010 to about 0.5% annually, Metroplan, the area's planning agency, noted in a report released in July. read more >
Carroll Penick and Bryan Scoggins have been elected. read more >
The 10,168-SF office project in Maumelle was purchased by Siya Properties LLC. read more >
Rising mortgage rates and low inventory hit Arkansas home sales hard. read more >
We know an editor who says her favorite word is “context.” She is a good editor. read more >
As we did with this year's 40 Under 40 class, we asked each of these honorees a variety of questions about Arkansas' strengths, its challenges and ways it can be more attractive to young professionals. Their answers are thoughtful, honest and well worth your time. read more >
Montgomery, Crawford and Washington counties led the way with annualized increases averaging more than 12.8%. read more >
Our annual list of engaging young leaders who are doing great things for Arkansas' people and economy. read more >
An index that tracks mortgage application volume shows applications for loans to buy a home fell last week to the lowest level in 28 years, according to the Mortgage Bankers Association. read more >
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 7.12% from 7.18% last week. A year ago, the rate averaged 5.89%. read more >
He's the vice president of I.F. Anderson Farms Inc. in Lonoke. read more >
Turner first began working for First Trust Bank in 2003 as a part-time teller. read more >
Collections came in above forecast by $17.3 million, or 3.5% higher than projected. read more >
Rapid P&P LLC hopes to save money and be out of bankruptcy reorganization quicker by using a bankruptcy procedure that went into effect in February 2020. read more >
Using behavioral economics, Southern Bancorp is studying how it could help grow the bank's geographic footprint without opening more brick-and-mortar locations. read more >
A Corning printing company is facing a foreclosure lawsuit, accused of defaulting on a multimillion-dollar loan it took out in 2016. read more >
Teaching coaching as a leadership and managerial skill at all levels of an organization can be transformative. read more >
