Banking & Finance Archive

Higher Standard: Will New Deduction Rules Hit Arkansas Tax Pros?

by Kyle Massey 12/3/2018 12:00 am

Doing your own taxes can be like changing your own motor oil, Little Rock CPA Brian Thompson says. Even if it's simple, it can be a mess.

Accountant Stole Trust Plus $4M, Lawsuit Says

by Mark Friedman 12/3/2018 12:00 am

Accountant Edward M. Cooper Jr. occasionally asked for a few extra blank checks in case he made a mistake preparing payments for Roach Manufacturing Corp. in Trumann.

Marsha Moffitt Looking for Future CPAs Down for the Count

by Arkansas Business Staff 12/3/2018 12:00 am

Marsha Moffitt, the chief of the Arkansas Society of CPAs, says more guidance is needed from the IRS on last year's tax laws overhaul.

Trailer Transaction Hauls in $3.6M (Real Deals)

by George Waldon 12/3/2018 12:00 am

Michael Rivalto of Memphis acquired the Superior Trailer Sales project at 10600 Maybelline Road from NLR Ark Investments LLC, led by Frank Deel III.

US Pending Home Sales Fell 2.6 Percent in October

by Associated Press 11/29/2018 10:19 am

Fewer people signed contracts in October to purchase homes, as higher mortgage rates have worsened the affordability and dampened enthusiasm among would-be buyers.

Powell: US Economy, Banks Seem Sturdy But Face Some Risks

by Associated Press 11/28/2018 11:08 am

Federal Reserve Chairman Jerome Powell says he's pleased with the state of the U.S. economy but cautions that some forms of corporate debt have reached risky levels.

Arkansas Business Concludes 2018 Executive Leadership Academy, Sets 2019 Dates

by Chris Bahn 11/26/2018 12:52 pm

Leaders from a mix of business, nonprofit and policy sectors concluded the Arkansas Business Executive Leadership Academy on Oct. 26.

Disputes Doomed John Daly Steakhouse

by Mark Friedman 11/26/2018 12:00 am

The John Daly Steakhouse belatedly opened on Front Street in Conway in September 2017 with high hopes of becoming the flagship of a national chain. Instead, it crashed in just 10 months.

Mission of New Program at SAU: Incubating Poultry Managers

by Sarah Campbell-Miller 11/26/2018 12:00 am

A $100K grant and new facilities at Southern Arkansas University in Magnolia offer a workforce pipeline for a big Arkansas industry.

Chapel Ridge Project Draws $11M Transaction (Real Deals)

by George Waldon 11/26/2018 12:00 am

Affiliates of Zimmerman Properties of Springfield, Missouri, bought the Chapel Ridge project at 10401 Brockington Road in Sherwood.

'Hey Boss — You're Fired!' (Barry Goldberg On Leadership)

by Barry Goldberg 11/26/2018 12:00 am

The fired boss is more and more left out of the loop, not consulted, worked around and occasionally even publicly challenged by his direct reports. And the worst part is, the more he is ignored by the organization that reports to him, the more he grasps for control.

New Officers Join First Service Bank (Movers & Shakers)

by Arkansas Business Staff 11/26/2018 12:00 am

Corey Throneberry and Justin Zimmerman have been hired as loan officers and business development staffers at First Service Bank in Conway. Janet McPhate has joined as a senior operations officer.

Asa Hutchinson Announces Appointments

by Arkansas Business Staff 11/21/2018 02:17 pm

Gov. Asa Hutchinson on Wednesday announces appointments to boards and commissions.

Simmons Bank Donating $50K to Junior Achievement of Arkansas

by Arkansas Business Staff 11/21/2018 09:39 am

In honor of Giving Tuesday, Simmons Bank will present a $50,000 check to Junior Achievement of Arkansas at 10 a.m. on Nov. 27 in the Simmons Tower Lobby, 425 W. Capitol Ave. in Little Rock.

DOJ Seeks Schwyhart Exam In Developer's Chapter 7 Case

by George Waldon 11/19/2018 12:00 am

The corporate veil protecting Bill Schwyhart from creditors holding millions of dollars in claims is showing further signs of fraying.

Bank OZK Buzz Draws Talk of Class Action

by George Waldon 11/19/2018 12:00 am

Bank OZK recorded a $74.2 million profit in the third quarter, a 22.7 percent decrease compared with the third quarter of 2017.

Gateway Bank Makes Headway in Saline County

by George Waldon 11/19/2018 12:00 am

After two years, Rison's Gateway Bank is converting its Bryant loan production office at 6110 Hwy. 5 N. into a full-service branch. The $71.4 million-asset lender has offices in Rison and Malvern.

FNBC Bank Makes Push Into Jonesboro

by George Waldon 11/19/2018 12:00 am

FNBC Bank of Ash Flat is working its way toward converting the LPO it opened in August at 1118 Windover Road into a full-service branch.

Stogsdill Steps Into SVP Role at Simmons (Movers & Shakers)

by Arkansas Business Staff 11/19/2018 12:00 am

David Stogsdill is the new senior vice president of commercial banking at Simmons Bank in Little Rock.

State Unemployment Unchanged at 3.5 Percent

by Arkansas Business Staff 11/16/2018 10:19 am

Arkansas' unemployment rate was 3.5 percent in October and unchanged from the previous month, according to a report released Friday by the state Department of Workforce Services.