Banking & Finance Archive

Armor Bank Names New Market President in Jonesboro (Movers & Shakers)

by Arkansas Business Staff 8/19/2019 12:00 am

Brock Fletcher has been hired by Armor Bank of Forrest City as president of its new Jonesboro market, and Bryan Wagner has been hired as senior vice president of commercial lending and business development.

Arkansas Unemployment Drops to 3.4%, A Record Low

by Arkansas Business Staff 8/16/2019 10:55 am

Arkansas' unemployment rate dropped by one-tenth of a percentage point in July, to 3.4% from 3.5% in June.

Bryan Scoggins to Lead Arkansas Development Finance Authority

by Arkansas Business Staff 8/15/2019 02:23 pm

Bryan Scoggins has been named president of the Arkansas Development Finance Authority, effective immediately.

Pair of WLR Apartments Sold for Combined $56.5M

by Arkansas Business Staff 8/12/2019 12:00 am

The sale of west Little Rock apartment developments starts this week's procession of million-dollar real estate transactions, followed by a Searcy hotel and three Sherwood properties.

'Tough Luck' Farmer Pleads Guilty to Stealing $17M

by Arkansas Business Staff 8/12/2019 12:00 am

A Louisiana farmer pleaded guilty last month to stealing nearly $17 million by making a series of fraudulent loans and advances from a list of victims.

Livestock Companies Tie for Biggest SBA Loans of FY18

by Arkansas Business Staff 8/12/2019 12:00 am

While the average SBA loan in Arkansas last year was just shy of $600,000, the smallest was only $5,800.

Top Stockholders in Arkansas Buoyed by Runup in Markets

by Gwen Moritz 8/12/2019 12:00 am

It's been almost two years since Arkansas Business listed the state's top stockholders based on the value of publicly disclosed stock. Since then, the Walton family's fortune — the part disclosed publicly — has increased by more than $20 billion.

Texarkana Project Expected to Propel Downtown Growth

by Jan Cottingham 8/12/2019 12:00 am

After a decade of hope and false starts, the revitalization of downtown Texarkana achieved a breakthrough with the sale July 31 of the historic Hotel Grim to a housing development group.

Unemployment Rates Trend Lower in Arkansas

by Arkansas Business Staff 8/12/2019 12:00 am

The unemployment rates in most of Arkansas' metro areas continued to move downward or stay stable in June, with Fayetteville, Jonesboro, Little Rock and Texarkana seeing declines.

Postal Purchase Delivers $2.7M Transaction (Real Deals)

by George Waldon 8/12/2019 12:00 am

An affiliate of Nationwide Postal Management Inc. purchased the 19,500-SF post office administration building at 420 Natural Resources Drive in Little Rock.

Bank of Prescott Attracts $8.4M Purchase Offer

by George Waldon 8/12/2019 12:00 am

The proposed sale of the last lender headquartered in Nevada County represents a nearly $8.4 million cash transaction.

Acquisition of First State Bank of Crossett Expected by 2020

by George Waldon 8/12/2019 12:00 am

The sale of the $34.6 million-asset First State Bank of Crossett to Capital Bancorp Inc. of Delhi, Louisiana, announced 18 months ago, is now expected to close before year's end.

Trump Calls on Fed to Make 'Substantial' Rate Cuts

by Associated Press 8/8/2019 12:47 pm

President Donald Trump is not letting up on his attacks on the Federal Reserve, calling for "substantial" Fed rate cuts to allow the dollar to fall in value against foreign currencies.

US Long-Term Mortgage Rates Fall Sharply

by Associated Press 8/8/2019 12:45 pm

U.S. long-term mortgage rates fell sharply this week, with the benchmark 30-year loan touching its lowest level since November 2016.

Convicted Forger Donna Herring Declares Bankruptcy, Awaits Sentencing

by Arkansas Business Staff 8/5/2019 12:00 am

Donna Herring, the former Camden real estate agent who orchestrated the infamous fake will case, has filed for Chapter 13 reorganization, listing $101,000 in debts and $110,000 in assets.

Lonoke County Farmland, Conway Hardee's Lead Recent Seven-Digit Deals

by Arkansas Business Staff 8/5/2019 12:00 am

Farmland in south-central Lonoke County, a fast-food eatery in Conway, a mini-storage project in downtown Little Rock, a medical office building in west Little Rock and commercial sites in Benton form this week's list of million-dollar real estate transactions.

Sears Bankruptcy Sets Up Second Lawsuit Over Springdale Kmart

by Arkansas Business Staff 8/5/2019 12:00 am

A northwest Arkansas real estate investor has filed a second lawsuit in an attempt to free up an abandoned Kmart building he owns in Springdale.

Walmart CEO Doug McMillon Leads List of Public Companies Executive Compensation

by Gwen Moritz 8/5/2019 12:00 am

The number of publicly traded companies in Arkansas is stable this year thanks to a couple of small IPOs and the federal government shutdown late last year, and Walmart executives continue to dominate the list of highest paid executives.

Distribution Center Tops $20.7M Mark (Real Deals)

by George Waldon 8/5/2019 12:00 am

Glen Una Holdings Little Rock LLC of Los Gatos, California, purchased the 104 Champs Blvd. project from RCS-Little Rock LLC, an affiliate of Real Capital Solutions of Louisville, Colorado.

Jennali Cybulaski Takes VP Position at Arvest (Movers & Shakers)

by Arkansas Business Staff 8/5/2019 12:00 am

Jennali Cybulaski has been named vice president and private banking adviser at Arvest Bank in Little Rock. She will serve central Arkansas in this new role.