Banking & Finance

Regions Center Owners Sue Over $32M Default

Regions Center Owners Sue Over $32M Default
The Regions Center in downtown Little Rock, subject of a lawsuit over a default on a $32 million loan.

The owners of the Regions Center say they were thwarted in their efforts to refinance a $32 million loan.
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No Auction in Golden Bankruptcy; FDIC Judgment Gone

As it stands now, there will be no auction of assets owned by fallen banker Lex Golden and his wife, Ellen.
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Arvest Bank Announces Promotion of Mike Willard

Arvest Bank has promoted Mike Willard to president and CEO of the bank's north central Arkansas and West Plains, Missouri, region, effective July 1.
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Bank OZK Expands Board, Adds 2 New Members

Bank OZK of Little Rock, formerly known as Bank of the Ozarks, has increased the size of its board from 16 to 18 directors and elected Beverly Cole and Steven Sadoff to fill the resulting vacancies, effective immediately. read more >

First Security Moves Forward Against Lauren James Following Foreclosure Sale This article is available only in print.

Now that the foreclosure sale of Lauren James' merchandise is over, First Security Bank of Searcy wants to move forward and have a judgment placed against the women's clothing company and its owners for defaulting on a loan. read more >

Trust Planning Smooths Way for Survivors

Financial experts are quick to point out that you don't have to be a millionaire to reap a trust's benefits. The tax benefits are obviously geared to helping the wealthy, but there are other nontax benefits of trusts. read more >

Build Trust If You Must, But Also Explore These Other Options This article is available only in print.

Trusts aren't the only devices people can use to pass down their fortunes, modest or massive. While a will leaves finances open to probate, which can be lengthy and costly and is a matter of public record, it is better than having no plan at all. read more >

Apartment Project Trio Spawns $20.3M Sale (Real Deals) This article is available only in print.

BBR Oil LLC of Iowa City bought the 280-unit Spanish Valley Apartments, the 181-unit Spanish Willows Apartments and the 109-unit Spanish Viento Apartments in southwest Little Rock. read more >

Rodney Showmar Says AFCU Competing Against More Than Just Other Credit Unions and Banks

Arkansas Federal Credit Union has 14 branches, more than $1.2 billion in assets and more than 102,000 members. read more >

Fed Finds Inequality in Wealth Distribution Growing

The distribution of income and wealth in the United States has grown increasingly unequal, according to the Federal Reserve. read more >

US Mortgage Rates Decline; 30-year At 4.59 Percent

Long-term U.S. mortgage rates are down this week amid a restrained home buying season this summer. read more >

Former Tyson CFO Dennis Leatherby Dies

Dennis Leatherby, Tyson Foods Inc.'s longtime CFO who retired in April, died Monday. He was 58. read more >

Open Jobs Outnumber US Unemployed for 3rd Straight Month

U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed people for the third straight month, signaling a solid economy. read more >

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