Banking & Finance

Bear State's Matt Machen to Lead Enhanced Services at Arvest Bank
Matt Machen

Bear State's Matt Machen to Lead Enhanced Services at Arvest Bank

Arvest Bank of Fayetteville names Matt Machen regional executive of enhanced banking services.
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Sued for Malpractice, Vaughn-Michael Cordes Files for Bankruptcy

A Fayetteville attorney who was involved in an adoption case that resulted in a malpractice lawsuit against him has filed for Chapter 13 bankruptcy reorganization, listing potentially $1.9 million in debts.
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Jerome Powell: Fed Concerned About Rural Poverty

Federal Reserve Chairman Jerome Powell said Thursday that the U.S. economy overall is strong but many rural areas are falling farther behind.
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First Security Adds Three in Russellville (Movers & Shakers)

Rance Looney has accepted the position of senior vice president, lender, at First Security Bank in Russellville. Kristen Jeffery and Carolyn Hottinger are also new members of the team.
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Man Must Repay Nearly $1.5M in Bank Embezzlement Scheme

A former bank officer must serve two years in federal prison and repay $1.46 million to his former employer. read more >

Document Details How Schwyhart Hid Millions, Mansion from Creditors

An unsealed court filing lays bare how Bill Schwyhart allegedly hid as much as $4.4 million and a $1.5 million mansion from creditors for the past five years. read more >

Governor, Business Leaders Form New Innovation Council

Key leaders from Arkansas businesses, research universities, philanthropic organizations and state agencies will form the new Arkansas Innovation Council at Gov. Asa Hutchinson's request. read more >

Big Deals of 2018 Skyrocket in Arkansas by 267 Percent This article is available only in print.

The value of big deals in Arkansas leaped to $53.9 billion in 2018, a 267 percent increase over the $14.7 billion figure of 2017. read more >

In Buyers' Market, Little Rock Office Towers Look to Sell This article is available only in print.

With several big pieces of the downtown Little Rock skyline in play, it's a tower buyer's market. Amid a stagnant office market, for-sale signs are competing with space for rent. Leading the way is the 24-story Bank of America Plaza. read more >

Central Arkansas Lags U.S. in Slow-Growing Economy

Job growth in central Arkansas has lagged behind that for the nation as a whole since 2010-11, though it's starting to catch up. read more >

Lauren James, First Security Reach Settlement in Lawsuit

First Security Bank of Searcy last week settled its lawsuit against Lauren James Enterprises Inc. of Fayetteville, ending a legal battle that included allegations that the women's clothing company conducted a sham foreclosure sale in August to avoid paying the bank. read more >

Partner in John Daly Steakhouse Venture Files for Bankruptcy This article is available only in print.

The minority partner in the failed John Daly Steakhouse project in Conway recently filed for Chapter 7 bankruptcy liquidation, listing $4.7 million in debts. read more >

Allcorp Ownership of Bradley Bank Liquidated for $2.6M This article is available only in print.

The long-running Allcorp Inc. bankruptcy case is moving toward a close. read more >

Arkansas' 3E Software Picked for Accelerator

3E Software Inc. of Springdale is one of 10 companies, and the only one from Arkansas, chosen to participate in the inaugural ICBA ThinkTECH Accelerator. read more >

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