Allcorp Inc.
Duke-Led Group to Buy Community State for $5.1M
The smallest bank in Arkansas is poised for its second ownership change in three years. read more >
by George Waldon -
Allcorp Ownership of Bradley Bank Liquidated for $2.6M
The long-running Allcorp Inc. bankruptcy case is moving toward a close. read more >
Community State Bank Awaits Bankruptcy Clarity
More than a year has passed since an investment group led by Jeff Hobbs took on the role of would-be buyer of Community State Bank in Bradley. read more >
by George Waldon -
No Auction in Golden Bankruptcy; FDIC Judgment Gone
As it stands now, there will be no auction of assets owned by fallen banker Lex Golden and his wife, Ellen. read more >
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The would-be buyers of the smallest bank in Arkansas have withdrawn their application to acquire Community State Bank of Bradley.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 >
by George Waldon -
Court Approves Heartland’s Sale of Community State Bank
A bankruptcy judge signed off on the sale of Community State Bank of Bradley, the prime asset of its parent company, Allcorp Inc. read more >
by George Waldon -
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 >
by George Waldon -
Investigations Of Dallas Firm Hit Bank Deal
Government scrutiny of Harbor Portfolio Advisors of Dallas has contributed more baggage to weigh down a would-be sale of Arkansas’ smallest bank. read more >
by George Waldon -
Goldens’ Meltdown Was Years In Making
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 >
by George Waldon -
Update: Heartland, Onebanc End 1Q in the Red
Two Little Rock lenders continue to battle through losses in search of a return to sustained profitability: Heartland Bank and One Bank & Trust. read more >
by George Waldon -
Golden Bankruptcy Reveals Allcorp Deal
A possible bank stock sale and details of a legal settlement are part of the bankruptcy narrative in the 66-page Chapter 7 filed by Lex and Ellen Golden of Little Rock. read more >
by George Waldon -
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 >
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 -
Federal Reserve Orders Allied Bank to Improve Equity Capital or Sell
Allied Bank of Mulberry has been ordered to take action to improve its equity capital or strike a deal to sell during the next 30 days. read more >
by George Waldon -
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 >
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 -
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 -
Acme Creditors Oppose 3-Branch Sale, Say Allied Assets Should Be Separate
A proposed $2 million sale of three of Allied Bank’s six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock. read more >
by George Waldon -
Sign up for Daily E-news
Sign Up
THIS WEEK’S EDITION
This Week’s Stories
View Digital Edition
