Allied Bank of Mulberry

Little Rock’s Encore Bank posted a $1.6 million loss in the first quarter, while Bank of England recorded a $1.5 million loss. read more >

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 >

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 >

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 >

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 >

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 >

Twenty-one Arkansas banks recorded a first-quarter profit of less than $200,000. Of that group, only five booked losses. read more >

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 >

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 >

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 >

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 >

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 >

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 >

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 >

Three of the largest creditors of Acme Holding Co. want to see its Chapter 11 bankruptcy reorganization converted to Chapter 7 liquidation. read more >

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 >

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 >

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 >

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 >