Simmons First National Corp. of Pine Bluff reports first-quarter profit of $67.4 million, down 13% from the same quarter. But earnings per share and revenue results beat analysts' expectations.
White River Bancshares Co. says net income increased to $1.55 million, up 109% from the same quarter last year.
Encore Bank's Texas aspirations stand at three offices and counting. So far, the Little Rock bank has full-service branches in the works for Austin, Fort Worth and Dallas.
Mortgage rates fell for the third straight week, dipping below 3% for the first time in two months. read more >
Sales of previously occupied U.S. homes fell for the second consecutive month in March because there are so few on the market, and the fierce competition for those that do exist are pushing prices to new highs. read more >
Magnolia's Farmers Bank & Trust expanded its Texas branch network into Paris. read more >
A 240-unit apartment project in west Little Rock tipped the scales at $16.67 million. read more >
Dana Watkins has been named senior vice president of First Security Bank in Jonesboro, while Seth Williams has been named vice president and Kathy Gardner, Alex Beasley and Will Edwards have all been named assistant vice presidents. read more >
Home BancShares Inc. of Conway reports record first-quarter net income of $91.6 million, up from $507,000 in the same quarter last year. read more >
A Federal Reserve survey finds that the economy rebounding in late February through early April, helped by billions of dollars in a new round of stimulus payments and the stepped-up rollout of coronavirus vaccines. read more >
Arkansas Business is accepting nominations for its annual "20 In Their 20s" class of young professionals who are making a difference in their companies, organizations and communities. read more >
The nation's largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again. read more >
Top Federal Reserve policymakers underscore their concern that Black and Hispanic people are sharply underrepresented in the economics field, which lessens the perspectives that economists can bring to key policy issues. read more >
BancorpSouth Bank of Tupelo, Mississippi, is acquiring Cadence Bank N.A. of Houston in an all-stock deal that will create a regional bank, branded as Cadence Bank, with more than $40 billion assets. read more >
Nearly 350 items of Jacob “Kade” Holliday's property sold at an auction last month for $782,000. read more >
Arvest Bank accuses a Fulton County pig farmer of submitting false financial statements to obtain millions of dollars in loans to raise pigs, instead using the money for other debts. read more >
Affiliates of Advanced Precision Group of Jackson, New Jersey, purchased a mixture of triplexes, duplexes and a single unit in the Village at the Gateway read more >
Lisa Hunter has been named executive vice president and new chief data officer of the Data Office at Simmons Bank in Little Rock. read more >
The residential construction market in the Little Rock area boomed last year despite the COVID-19 pandemic, with the number of new single-family housing units permitted hitting their highest level since 2007, at more than 1,500. read more >
Mortgage rates fell for the first time in more than two months as buyers continue to be stifled by high prices and limited supply. read more >
The distribution of COVID-19 vaccines is fueling optimism that Americans will increasingly return to the ways they used to shop, travel and work before the pandemic. read more >
Loanpal made headlines last month with its plan for a 100-employee operation in Bentonville, but the sustainable home improvement lender's arrival is a “big deal” for a reason nobody reported at the time. read more >
A west Little Rock bank bank branch-office building is sold while a new spec warehouse project takes shape and land for an apartments project approaches its acquisition date. read more >
During federal fiscal years 2017-20, Arkansas lenders made more than $658 million loans through the Small Business Administration's 7(a) program. Of that total, only about $10 million or 1.5% went to Black-owned businesses in the state. read more >
A recent analysis of overdraft fees by one of the country's oldest think tanks included Arvest Bank of Fayetteville on a list of banks that “are no more than check cashers with a charter.” read more >
The American Rescue Plan of 2021 seeks to help the United States recover from the economic downturn caused by the COVID-19 pandemic. read more >
Banks prioritizing innovation are better positioned to retain customers while expanding their footprint, bringing more into the fold. read more >
If we serve our communities — all parts of our communities — then we must bring more women, more people of color and more diverse people into positions of leadership. read more >
Carrie Price has been hired as senior vice president and chief marketing officer for First Community Bank in Batesville. read more >
New Arkansas Market President Heather Albright says Bank of America is deploying resources to address social issues locally. read more >
With deep pockets and unmatched scale, Loanpal opens a planned 100-employee operation in Bentonville and is staffing up. read more >
Even after the pandemic, banks and credit unions will need to offer multiple service-delivery options to stay competitive, and many will determine that brick-and-mortar is an important part of the mix. read more >
Longtime employee Jennifer Hardin has been promoted to serve as northwest Arkansas market president of Farmers and Merchants Bank and The Bank of Fayetteville. read more >
