Banking & Finance Archive

FNBC Receives a $600K Federal Grant

by Arkansas Business Staff 10/9/2018 10:28 am

FNBC Bancorp, the holding company for FNBC Bank, has been awarded a $600,000 Financial Assistance grant by the U.S. Treasury Department's CDFI fund for its service to rural and underserved communities.

Skyline Report: Homes Prices Rise, Lot Supply Remains Low

by Sarah Campbell-Miller 10/9/2018 10:18 am

In northwest Arkansas, home prices continued to rise in the first half of 2018, while the supply of available lots for residential construction stayed low, according to Arvest Bank's Skyline Report.

Sam McFadin, Businessman and Former CEO of John Daly's Steakhouse, Files for Bankruptcy

by Arkansas Business Staff 10/8/2018 12:00 am

Sam McFadin, the former CEO of the John Daly Steakhouse in Conway, estimated his debts and assets were between $1 million and $10 million, according to the Sept. 14 bankruptcy filing.

MediPays Service for Medical Marijuana Could Happen Sooner in Oklahoma

by Arkansas Business Staff 10/8/2018 12:00 am

It's starting to look like MediPays of Little Rock will serve the medical marijuana industry in Oklahoma before Arkansas.

The New Influentials: 20 In Their 20s Seem to Get Younger Every Year

by Gwen Moritz 10/8/2018 12:00 am

These ā€œ20 in Their 20sā€ have risen to our attention through nominations, generally by employers who are mighty proud to have been able to attract such promising talent. When you read about them, you are going to understand why.

Ecclesia Moves to Convert Property to Cash, Shed Debt

by George Waldon 10/8/2018 12:00 am

New leadership at Ecclesia College plans to sell Benton County acreage linked with a grant kickback scandal that ensnared the president of Ecclesia College, two state legislators and a lobbyist middleman.

Millennial Salaries Adjusted State by State

by Arkansas Business Staff 10/8/2018 12:00 am

The map, created by the website HowMuch.net, a cost information website, shows median annual salaries for millennials on an adjusted basis.

Little Rock Lawyer Dies, Stranding Clients' Cash

by Mark Friedman 10/8/2018 12:00 am

Two of Robert Holitik's newest clients are scrambling to get their retainer money back after Holitik died unexpectedly and without a succession plan for his solo law practice.

Still Big on Little Rock (Millie Ward Commentary)

by Millie Ward 10/8/2018 12:00 am

here has recently been what seems to be an unbalanced portrayal of Little Rock — a great deal of criticism and glass-half-empty viewpoints. I'd like to present an alternative glass-half-full view of Little Rock.

Bill Reznicek Named Jonesboro's COO, Will Be Chief of Staff

by Arkansas Business Staff 10/1/2018 09:50 am

Bill Reznicek, who has served as the city of Jonesboro's CFO for the past year, will also take on the title of chief operations officer for the remainder of 2018.

Accounting Firms Merge to Form Landmark PLC

by Arkansas Business Staff 10/1/2018 09:13 am

The Little Rock office of Thomas & Thomas LLP and Beall Barclay & Co. PLC have completed their previously announced merger and revealed the name of their new firm on Monday: Landmark PLC, Certified Public Accountants.

Hillview Village, Properties at Maumelle Exit Lead Recent Real Estate Details

by Arkansas Business Staff 10/1/2018 12:00 am

A 56-unit apartment complex in North Little Rock, a fast food-convenience store project in Maumelle and a 6,046-SF house in Little Rock generated a trio of multimillion-dollar transactions.

FBI Cracks Shell Game Defrauding Egg Companies

by Arkansas Business Staff 10/1/2018 12:00 am

The FBI has seized nearly $550,000 from a North Carolina woman's bank account that allegedly has been tied to wire fraud made against Noble Foods Inc. of Rogers.

Neither a Borrower nor A Lender Be (Editorial)

by Arkansas Business Staff 10/1/2018 12:00 am

Although no state law appears to forbid lawmakers from lending money to each other, taxpayers should not have to worry whether legislators have leverage over or obligations to each other that might influence their votes.

Rock Plaza Transaction Tops $9 Million Mark (Real Deals)

by George Waldon 10/1/2018 12:00 am

Rock Plaza, a 54,772-SF office building in Little Rock's Riverdale area, weighed in at $7.95 million.

Stone Bank Shifts Staff at White Hall (Movers & Shakers)

by Arkansas Business Staff 10/1/2018 12:00 am

Britanny Griffin has been promoted to loan assistant and Angela Lowry has been hired as a customer service representative and teller at Stone Bank's White Hall branch.

US Economy Grew at Robust 4.2 Rercent Rate in 2Q

by Associated Press 9/27/2018 08:03 am

The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade.

Fed Raises Rates for 3rd Time This Year; 1 More Expected

by Associated Press 9/26/2018 01:04 pm

The Federal Reserve has raised a key interest rate for the third time this year in response to a strong U.S. economy and signaled that it expects to maintain a pace of gradual rate hikes.

After A Lull, New-Home Sales Up 3.5 Percent in August

by Associated Press 9/26/2018 09:50 am

Sales of new U.S. homes climbed 3.5 percent in August, snapping a two-month decline as buying surged in the pricey Northeast and West housing markets.

Arvest Bank Completes Bear State Conversion

by Sarah Campbell-Miller 9/25/2018 01:15 pm

Arvest Bank announced Tuesday that it has completed the transition and conversion process of Bear State Bank customers, branches and systems.