Banking & Finance

Arkansas Nonprofits Hold Breath For Year-End

Arkansas Nonprofits Hold Breath For Year-End
Sonya Murphy, CEO of Camp Aldersgate in Little Rock, is waiting to see what effect changes in the tax code might have on charitable giving.

As a result of changes to the federal tax code, donations to charities are expected to fall by $13.1 billion annually in the United States, according to a May 2017 study by the Lilly Family School of Philanthropy at Indiana University.
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US Employers Post Record Number of Open Jobs in August

U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth.
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David Norris Promoted at Arvest (NEA Movers & Shakers)

David Norris has accepted the vice president and mortgage lending position for the northeast Arkansas market of Arvest Bank in Jonesboro.
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Simmons First 3Q Net Income Up 91 Percent

Simmons First National Corp. of Pine Bluff on Monday announced record net income of $55.2 million, up 91 percent from the same quarter last year. read more >

Small Banks Find Niche in Arkansas While Facing Unique Challenges This article is available only in print.

Bank consolidation nationally is continuing on a similar pace to recent years, but it has been a slower year in Arkansas, especially for the smallest banks. read more >

Schwyhart Creditor Raises Fraud Claim This article is available only in print.

A renewed debt collection effort against Bill Schwyhart, the once prominent Rogers real estate developer, has followed him to Texas and rekindled the interest of dormant creditors. read more >

With Converted Charter, Helena National Plans Name Change, Bigger Territory This article is available only in print.

Helena National Bank completed the conversion of its national charter to an Arkansas state bank charter on Thursday, and is now officially (and temporarily) known as HNB Bank. read more >

Entrepreneur John James Starts Engine, Raising $4M for E-Commerce Software Firm This article is available only in print.

Fayetteville entrepreneur John James has raised nearly $4 million for his latest startup, Engine, which sells business management software to e-commerce retailers. read more >

Rosalyn M. Anthony Says OCC Stays Charter Member of the Community

From her post at the Office of the Comptroller of the Currency, Rosalyn M. Anthony looks at a trend of dwindling national banks. read more >

Lorrie Trogden Named CEO of Arkansas Bankers Association

Trogden, formerly associate executive director and director of government relations at the Arkansas Bar Association, succeeded William R. “Bill” Holmes. read more >

Simmons Bank Brings New Deposits to Pine Bluff

Arkansas bank deposits grew by almost $2.5 billion to $66.7 billion in the year that ended June 30. Almost three-quarters of the additional deposits — $1.8 billion — flowed into a single institution. read more >

Signature Bank Makes Return to Rogers Mix

Fayetteville's Signature Bank of Arkansas is re-entering the Rogers market with a full-service branch at 3712 S. Pinnacle Hills Parkway. read more >

Diamond Bank Heads Into Hector

Diamond Bank of Murfreesboro has targeted a bankless community in Pope County for its next expansion. read more >

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