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Alex Golden

Banking & Finance / Government & Politics / Industry / Investments

Just Following Orders (Gwen Moritz Editor’s Note)

Banking isn’t the only industry plagued by dominant executives. read more >
Banking & Finance / Government & Politics / Industry / Investments

Pig Butchering (Gwen Moritz Editor’s Note)

A Kansas bank failure reminds me of episodes closer to home. read more >
Parcel lines are approximate and shown for illustration purposes only.
Construction / Investments / Nonprofits / Real Estate / Restaurants & Food

The Fitzroy Chenal Sells for $65M (Real Deals)Lock Icon

An affiliate of Passco Companies bought the 294-unit apartment project in west Little Rock from Madison at Chenal LLC, led by Brandon Huffman. read more >
Paul Greenberg
Media & Marketing

Media Comings, Goings, and a Colleague’s Death

Paul Greenberg died on April 6 and was remembered as a sophisticated writer and thinker. read more >
Lex Golden
Banking & Finance / Investments / Legal

No Auction in Golden Bankruptcy; FDIC Judgment GoneLock Icon

As it stands now, there will be no auction of assets owned by fallen banker Lex Golden and his wife, Ellen. read more >
Lex Golden, chairman and CEO of Acme Holding Co., and his son, Alex, president and CEO of Acme’s prime asset: Allied Bank.
Banking & Finance / Government & Politics / Investments / Legal

Regulators Question Valuations of Acme Holdings’ ESOPLock Icon

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 >
In 2010, Lex Golden and his son, Alex Golden, were photographed in front of what would become an Allied Bank branch at 4900 Kavanaugh Blvd. in Little Rock. Five years later, the location was on a list of properties to be auctioned.
Banking & Finance / Business Services / Government & Politics / Investments / Legal / Retail

How the Goldens Ruled: Fed Report on Allied Notes Self-Dealing, Insider AbuseLock Icon

The narrative of the report is dominated by criticism of the Goldens, by title rather than name, and the bank board they held sway over. read more >
Banking & Finance / Government & Politics / Investments / Legal

Boss Hogg 2.0 (Gwen Moritz Editor’s Note)

Even after Allied Bank was shut down by the Arkansas State Bank Department in 2016, I wasn’t expecting a 40-page report from the Office of Inspector General. But Allied was special. read more >
Lex and Alex Golden, in file art from 2010, control Acme Holding Co., the holding company for Allied Bank of Mulberry.
Banking & Finance

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 >
Community State Bank at 208 W. Fourth St. in Bradley
Banking & Finance / Investments / Legal / Public Companies

Suitors Revising Bid For State’s Tiniest Bank

The would-be buyers of the smallest bank in Arkansas have withdrawn their application to acquire Community State Bank of Bradley. read more >
Banking & Finance / Investments / Legal

Amy Golden McCay Files for Chapter 7 BankruptcyLock Icon

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 >
Community State Bank at 208 W. Fourth St. in Bradley
Business Services / Legal / Real Estate

Purchase Offer Calls on Allcorp Bankruptcy

A new investment group of Texans makes a $2.3M pitch to buy Community State Bank of Bradley (Lafayette County). read more >
Lex Golden
Banking & Finance / Legal

Goldens’ Meltdown Was Years In MakingLock Icon

Instead of saving Allied Bank from the ruinous meltdown of a radio-active loan portfolio he built, Little Rock banker Lex Golden rode the same downward spiral to insolvency. read more >
Lex Golden
Banking & Finance / Investments / Legal / Retail

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 >
Banking & Finance / Government & Politics / Insurance / Investments / Legal

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 >
Banking & Finance / Investments / Legal

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 >
Banking & Finance / Investments / Legal

Golden Property Allcorp Inc. Goes Bankrupt

Allcorp Inc. of Little Rock, which owns the $16.9 million-asset Community State Bank of Bradley (Lafayette County), filed for Chapter 11 reorganization late Wednesday. read more >
Lex Golden, chairman, CEO and lead shareholder in the bankrupt Acme Holding Co.
Banking & Finance / Insurance / Investments / Legal / Retail

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 >
Lex Golden and his son, Alex Golden.
Banking & Finance / Legal

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 >
Alex Golden and his sister, Amy McCay.
Banking & Finance / Government & Politics / Insurance / Investments / Legal

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 >