Acme Holding Co.
Allcorp Ownership of Bradley Bank Liquidated for $2.6M
The long-running Allcorp Inc. bankruptcy case is moving toward a close. read more >
Dozens of Arkansas Companies Rank on List of Largest ESOPs
This week Arkansas Business debuts a new list of ESOPs — employee stock ownership plans — ranked by net assets at the end of the most recent fiscal year for which data is publicly available. read more >
by Gwen Moritz -
Regulators Question Valuations of Acme Holdings’ ESOP
The Acme Holding Co. Employee Stock Ownership Plan once was considered a source of pride for Allied Bank. The chairman and CEO of Acme Holding gushed about the ESOP’s value for retirement-minded Allied staffers. read more >
by George Waldon -
Fed Report: Examiners Tried to Remove Goldens Years Before Bank Failure
A report concludes that federal bank regulators recognized that Lex Golden was a poor banker and that his family was abusing its control of Allied Bank for years. read more >
by Gwen Moritz -
Amy Golden McCay Files for Chapter 7 Bankruptcy
The outstanding balance of an FDIC $324,632 summary judgment from January 2015 against Amy Golden McCay is now part of her recently filed Chapter 7 bankruptcy. read more >
Roles Shift in Golden Bankruptcy
The early stages of the Chapter 7 bankruptcy of Lex and Ellen Golden have had a revolving door quality. read more >
Lex Golden Lists Nearly $8 Million in Liabilities in Bankruptcy Filing
Lex Golden, the Little Rock banker who once controlled two Arkansas financial institutions, recently filed Chapter 7 bankruptcy. read more >
Allied Auction Saw More Banks Bid; Chambers Garnishes Golden’s Last Paycheck
The OREO component separated Today’s Bank's winning bid of a negative $6.14 million from the pack. And in its collection efforts, Chambers last month garnished an $886 paycheck, one of Lex Golden’s last paydays at Allied. read more >
Today’s Bank Takes On Teetering Allied
The Allied Bank staff was still a little shell-shocked when they convened at the main office in Mulberry on Saturday, Sept. 24. The day after regulators took over the $66.3 million-asset lender, employees gathered to learn what the future held under the new ownership of Today’s Bank of Huntsville. read more >
by George Waldon -
Allcorp Follows Acme Holding Into Bankruptcy
The Chapter 11 filing by Little Rock’s Allcorp Inc. in July marks the third Arkansas bank holding company to enter bankruptcy court in four years. read more >
by George Waldon -
Chambers Bank Lands $2 Million Golden Judgment
The latest ruling is one in a string of lawsuits spawned by the bankruptcy of Acme, the parent company of Allied Bank of Mulberry. Under the Golden family’s ownership and management, the bank has lost more than $14 million since 2010. read more >
by George Waldon -
Lex Golden Sues Chambers Bank Over Failed Bank Buys
Lex Golden and his wife, Ellen, sued Chambers Bank of Danville in Crawford County Circuit Court alleging the lender essentially was responsible for causing all their money troubles. read more >
All’s Quiet on the Acme Bankruptcy Front
The parent company of Mulberry’s Allied Bank marked its second year in bankruptcy last month. read more >
by George Waldon -
FDIC Asks for Over $1.2M in Judgments Against Alex Golden, Amy McCay
The FDIC has locally registered judgments of nearly $900,000 against Allied Bank president Alex Golden and more than $324,000 against his sister, Amy McCay. read more >
Heartland Bank Takes Over Allied Bank’s Last Little Rock Branch
The location of Allied Bank’s last operational branch in Little Rock recently was forfeited in lieu of foreclosure. read more >
Former Allied Ally Latest To File Lawsuit Against Acme Owners
A new lawsuit has arisen from the financial meltdown of Acme Holding Co., parent company of the $98.6 million-asset Allied Bank of Mulberry (Crawford County). read more >
Allied Access Sore Subject Between Chambers Bank, Acme Holding
The testy relationship between Acme Holding Co. and the leading creditor in its bankruptcy, evident in a two-day hearing in April, hasn’t improved. read more >
Trustee Hopes to Avoid Allied Bank Stock Auction
A new player has emerged in the bankruptcy case of Acme Holding Co. since its Chapter 11 reorganization was converted to Chapter 7 liquidation by judicial decree last month. read more >
by George Waldon -
Third Lawsuit Opens Between Chambers Bank, Golden Family
A third legal front has been opened in the financial disputes between Chambers Bank of Danville and the Lex Golden family of Little Rock. read more >
Judge Orders Liquidation of Allied Bank Parent Company
U.S. Bankruptcy Court Judge Ben Barry orders the liquidation of Acme Holding Co., the parent company of Allied Bank of Mulberry. read more >
by George Waldon -