A couple who farmed in Monroe County allegedly tried to shield assets from creditors before filing a multimillion-dollar bankruptcy, according to a lawsuit filed last month by a bankruptcy trustee. read more >
Anderia Mahon has been hired as branch manager and loan officer for First Service Bank in its Little Rock market. read more >
U.S. long-term mortgage rates rose slightly this week to their highest point in 12 weeks, though they remain far below their levels of a year ago. read more >
Arkansas Federal Credit Union of Jacksonville has agreed to merge with the Arkansas Democrat-Gazette Federal Credit Union of Little Rock. read more >
The Arkansas Association of Asian Businesses will host a workshop on the U.S.-China trade dispute and its effect on the Arkansas economy on Nov. 7 in Little Rock. read more >
The four-day Northwest Arkansas Tech Summit kicked off its first full day on Monday amid blown-out windows in the John Q. Hammons Center in Rogers and downed trees in the parking lot, evidence of the strong overnight storms. read more >
Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $81.8 million, up 48 percent from the same quarter last year. read more >
Bank deposits in Arkansas grew by 6.5% in the 12-month period that ended June 30, outpacing the national growth rate of 4.2% and topping $70 billion for the first time, according to data released in September by the Federal Deposit Insurance Corp. read more >
Walmart's recent patent application for a cryptocurrency system hints at the Bentonville retailer's next move into the financial services sector. read more >
Regulatory requirements, legal uncertainties blunt lending opportunities to the state's medical marijuana industry. read more >
If an annual trophy was given for the Arkansas bank voted least likely to survive, Community State Bank in Bradley could very well be a multiyear winner. read more >
SAFE Banking will also enable more banks to begin offering conventional loan products to cannabis operators, with a lower cost of capital than currently available from the mostly nonbank lenders filling this void today. read more >
Since 2009, continued attrition that extended to Arkansas banks of all sizes further reduced the headcount of the smallest of the small. read more >
The $2.9 million sale of a Benton County custom blinds company has left wreckage in its wake, with the buyers filing for personal bankruptcy and the sellers suing the deal's broker, alleging fraud. read more >
Kevin Williams has been appointed president of Union Bank of Mena, and Jarrod Yarnell has been named chief executive officer of Union Bankshares, the holding company for Union Bank and First National Bank of Paris. read more >
Household debt in the United States rose for the 19th straight quarter, reaching $13.67 trillion as of March 31. It's now 7.8% or $993 billion higher than the previous peak of $12.68 trillion, reached in the third quarter of 2008. read more >
Robert Hopkins, the chief of the Little Rock branch of the Fed in St. Louis, says the recession taught him some important lessons. read more >
Arkansas' seasonally adjusted unemployment rate rose one-tenth of a percentage point, from 3.4 percent in August to 3.5 percent in September, the state Division of Workforce Services reports. read more >
Arvest Bank, United Bank and First Security Bank will work with the Downtown Springdale Alliance to make available a total of $30 million to small businesses and investors for Downtown Springdale Master Plan projects. read more >
TruService Community Federal Credit Union of Little Rock has closed on its $310,000 purchase of a new branch at 4140 JFK Blvd. in North Little Rock. read more >
Home Bancshares Inc. of Conway reports third-quarter net income of $72.8 million, down 9 percent from the same quarter last year. read more >
The Federal Reserve Board has approved the previously announced merger of the $67 million-asset Bank of Prescott with the $1.6 billion-asset Farmers Bank & Trust of Magnolia. read more >
Simmons Bank launched a new mobile app Wednesday that was developed in collaboration with Jack Henry's Banno software and led by recently recruited Alejandro “Alex” Carriles. read more >
As the youngest baby boomers close in on retirement and begin to contemplate what their legacies will be, nonprofits and universities are looking to consistent donors for their slice of an expected multitrillion-dollar wealth transfer. read more >
An investment group composed of companies led by Haitham Alley and Bradley Davis purchased the Petsmart-Banfield Pet Hospital at 11400 Financial Centre Parkway. read more >
Bob Roberts, a former CFO of Baptist Health, is now chief operating officer of Legacy Capital. read more >
Arkansas Business' 2019 CFO of the Year finalists and Lifetime Achievement Award winners will be recognized at a luncheon on Thursday, Nov. 7, at the Embassy Suites in Little Rock. read more >
Four business leaders who have made contributions to the banking, construction, publishing and real estate industries will be inducted into the Arkansas Business Hall of Fame on Feb. 7 at the Statehouse Convention Center in Little Rock. read more >
The 200-room Hotel Hot Springs & Spa will be sold at a foreclosure sale to help pay a $128.9 million judgment its owner received in June. read more >
An apartment project, medical office building, workforce center and bank branch-office building all in Little Rock combine with a grocery store in Damascus to form this week's five-piece group of million-dollar transactions. read more >
