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Allied Bank of Mulberry

Luke Quinn
Banking & Finance / Investments

Collection Suit Against Luke Quinn DismissedLock Icon

From the Quinn camp, we heard the case went away because Today’s Bank of Huntsville didn’t own the Allied Bank loan associated with the alleged bad debt. read more >
Luke Quinn
Banking & Finance / Investments / Legal

Today’s Bank Files Suit Over $54,000 Loan to Luke QuinnLock Icon

The successor to the failed Allied Bank of Mulberry is trying to collect $53,898 associated with another failed lender: Little Rock’s Heartland Bank. 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 >
Michael Avenatti speaks to the media April 16 in New York following an appearance in federal court representing his client Stormy Daniels.
Banking & Finance / Government & Politics / Legal / Public Companies

Anatomy of a Leak (Gwen Moritz Editor’s Note)

A Trump voter of my acquaintance referred to Michael Avenatti as “that idiot attorney for Stormy Daniels.” May all of us be represented by such idiots. read more >
Clockwise from top left: Lex Golden; Ellen Golden; former Heights location of Allied Bank, Golden home, and Terry's Finer Foods properties, all in Little Rock; and Community State Bank in Bradley.
Banking & Finance / Investments / Legal / Real Estate / Retail

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 >
Banking & Finance

5 Arkansas Banks Tally 1Q Losses

Twenty-one Arkansas banks recorded a first-quarter profit of less than $200,000. Of that group, only five booked losses. read more >
Alex Golden
Banking & Finance / Investments / Legal

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 >
Lex Golden
Banking & Finance / Legal

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 >
Lex Golden
Banking & Finance / Legal

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 >
Lex Golden
Banking & Finance / Legal

Acme Files New Suit Against Chambers in Branch Tussle

Acme Holding Co., the parent company of the $107 million-asset Allied Bank of Mulberry, recently opened a new front in the ongoing financial dispute with its lead creditor. read more >
Banking & Finance / Investments / Legal

Future of Allied Bank Could Be Decided by June Ruling in Acme Case

Three of the largest creditors of Acme Holding Co. recently submitted briefs in support of converting the bank holding company’s Chapter 11 reorganization to Chapter 7 liquidation. read more >
Allied Bank's last remaining operational presence in Little Rock at the corner of Kavanaugh Blvd and Fillmore Street.
Banking & Finance / Investments / Legal

Acme Holding: No Dividends Weigh Heavily

Did creditors representing $9.5 million worth of debt convince U.S. Bankruptcy Court Judge Ben Barry that Acme Holding Co. is a lost cause? A ruling in their favor could result in the second auction of an Arkansas bank in three years. 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 / Investments / Legal

Bankruptcy Judge Considers Allied Bank Auction

The continued ownership of Allied Bank by the Lex Golden family is under judicial review after a recent two-day bankruptcy hearing in Fayetteville. U.S. Bankruptcy Judge Ben Barry will decide in the coming weeks whether Acme Holding Co. should be liquidated, resulting in the sale of Allied, the $111 million-asset bank chartered in Crawford County. 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 / Insurance / Investments / Legal

Creditors Urge Acme Liquidation, Auction of Allied Bank Stock

Three of the largest creditors of Acme Holding Co. want to see its Chapter 11 bankruptcy reorganization converted to Chapter 7 liquidation. read more >
Lex and Alex Golden, father and son executives at Acme Holding Co., are fending off creditors with a Chapter 11 bankruptcy filing in hopes of preserving equity in Acme’s ownership of the $138 million-asset  Allied Bank of Mulberry (Crawford County). | (Photo by Jason Burt)
Banking & Finance / Investments / Legal

Acme Files Chapter 11 to Avoid Takeover

The parent company of Allied Bank of Mulberry was steered into bankruptcy to stave off a possible takeover by a fellow lender. The defensive move buys Acme Holding Co. more time to work out a solution with Chambers Bank of Danville and other creditors. 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 / Legal

Allied Bank’s Holding Company Files for Bankruptcy Reorganization

Acme Holding Co. filed a voluntary petition listing estimated assets of less than $50,000 and estimated liabilities of up to $10 million, including $1.4 million loaned to the employee stock ownership plan. read more >
Banking & Finance / Investments / Public Companies

6 Arkansas Banks Lost Money in 2013

Six of the 120 lenders based in Arkansas lost money during 2013, according to call reports compiled by BauerFinancial Inc. of Coral Gables, Fla. read more >
Phil Herrington (inset) is the focus of creditors linked with the Gaillardia Golf & Country Club and its 55,000-SF clubhouse in Oklahoma City.
Banking & Finance / Legal / Real Estate / Tourism

Phil Herrington’s Oklahoma City Golf Club Poised for Auction Block

The proposed auction of the Gaillardia Golf & Country Club next month is threatening to remove the last Arkansas ties to the Oklahoma City country club. read more >