Uninsured Deposits at Large Arkansas Banks
Almost 94% of the $175.4 billion deposited in failed Silicon Valley Bank as of Dec. 30 were uninsured. Here's how the banks with the most deposits in Arkansas compare. read more >
Almost 94% of the $175.4 billion deposited in failed Silicon Valley Bank as of Dec. 30 were uninsured. Here's how the banks with the most deposits in Arkansas compare. read more >
Mangham, who joined the credit union in 2012 as a senior financial analyst, is now responsible for all financial functions including accounting, finance and card services. read more >
The fallout from two major business news stories last week will linger. read more >
The 122-unit apartment complex in west Little Rock was purchased by VA8 Stagecoach LLC. read more >
Minorities can take advantage of several Arkansas programs to help them launch and sustain new businesses. read more >
Nearly half the money — $143 billion — went to holding companies for two major banks that failed over the past week, Silicon Valley Bank and Signature Bank. read more >
Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate slid back to 6.60% from 6.73% last week. The average rate a year ago was 4.16%. read more >
The report also says that home construction slowed in the second half of 2022. read more >
Collier International Arkansas, which represented the seller, said the new owners plan to redevelop the property for a new use. read more >
Regulators, policymakers and bankers are looking at the role that digital messaging and social media may have played in the collapse, and whether banks are entering an age when the psychological behavior behind a bank run — mass fear from depositors of losing their savings — may be amplified and go viral quicker than bank officers and regulators can successfully respond. read more >
Now the consequences of the fall of Silicon Valley Bank, along with New York-based Signature Bank, which failed over the weekend, are complicating the Fed's upcoming decisions about how high to raise its benchmark interest rate. read more >
Bruce Murphy, CEO of Arkansas Heart Hospital of Little Rock, won the Business Executive of the Year Award, and Thomas F. "Mack" McLarty was honored for a lifetime of leadership in business and government at the 35th Arkansas Business of the Year Awards. read more >
U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system. read more >
President Joe Biden insists that the nation's banking system is safe, seeking to project calm after the collapse of two banks stirred fears of a broader upheaval. read more >
Bingman is the vice president of commercial sales and a commercial sales broker at RPM Group of Little Rock. read more >
Orduña became executive director of The Venture Center, a nonprofit entrepreneurial support organization, in January. read more >
The $22.8 billion-asset lender sued 17 ex-Happy employees who left last year and allegedly took confidential information on their way out the door to join American State Bank of Arp, Texas. read more >
The biggest changes were in the wholesale trade and especially the transportation-warehouse-utility sectors. read more >
The fintech company, which helped simplify the PPP loan forgiveness process during the pandemic, has its sights on new projects. read more >
As the Fed raises its benchmark interest rate, the value of bonds, typically a stable asset, are starting to fall. read more >
There had been hope that categorizing credit and debit card purchases would allow authorities to potentially see red flags — like significant ammunition purchases — before a mass shooting could happen. read more >
Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate climbed to 6.73% from 6.65% last week. The average rate a year ago was 3.85%. read more >
Public pension funds are caught in the debate as big institutional investors. read more >
The bank says its federal student loan refinancing business has suffered because borrowers have little incentive to refinance while payments and interest remain on hold. read more >
Harrington's first term began in 2018. He served as board chair for the previous two years. read more >
He was promoted to executive vice president and commercial loan officer in the bank's central Arkansas market. read more >
In his new role, Pennington will conduct training and familiarize potential new and existing banks with SBA loan programs and offerings to ensure small businesses are able to access the money they need to start, grow and expand. read more >
Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting March 21-22, after having carried out a quarter-point hike in early February. read more >
Christopher Waller, a member of the Fed's influential Board of Governors, said that if the economy continued to show strength and inflation remained elevated, the central bank would have to lift its key rate above 5.4%. read more >
Just a month ago, the economy appeared to be cooling and inflation steadily declining. But a spate of government data has since painted a very different picture. read more >
