Allied Bank
Just Following Orders (Gwen Moritz Editor’s Note)
Banking isn’t the only industry plagued by dominant executives. read more >
by Gwen Moritz -
Pig Butchering (Gwen Moritz Editor’s Note)
A Kansas bank failure reminds me of episodes closer to home. read more >
by Gwen Moritz -
Quinn Investments LP Agrees to $2.2M Judgment
The judgment settles a legal tiff involving a promissory note. read more >
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 >
Debt Discharged for Lex and Ellen Golden
While Lex and Ellen Golden were discharged from bankruptcy last week, their Chapter 7 liquidation remains active with a pending auction of household furnishings and other assets. read more >
How the Goldens Ruled: Fed Report on Allied Notes Self-Dealing, Insider Abuse
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 >
by George Waldon -
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 >
by Gwen Moritz -
Tom Gibbons Fires Latest Shot in Walter Quinn Disputes
A new lawsuit has been filed against Walter Quinn and his Quinn Investments Ltd. and Quinn Management Co. read more >
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 -
Today’s Bank Lands On a Different Plane in Walter Quinn Lawsuit
Another lawsuit against Little Rock businessman Walter Quinn surfaced in Pulaski County Circuit Court. read more >
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 >
NLR’s West Scenic Apartments Tops $3.9 Million Mark (Real Deals)
West Scenic Partners LLC of St. Louis purchased Scenic Hill Apartments at 605 and 1207 W. Scenic Drive. The seller is Scenic Hill Properties Ltd., led by James Kincannon. 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 -
Fuqua’s Jewelry Makes Move from Star City to Little Rock
The former Allied Bank location at 1022 W. Capitol Ave. will house Fuqua’s Jewelry. read more >
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 -
Today’s Bank Expands Footprint with Van Buren Branch
The $181 million-asset lender is setting up shop in a former bank branch at 615 E. Pointer Trail previously used by Arkansas Valley Electric Cooperative. read more >
by George Waldon -
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 >
Comfort Inn & Suites Transaction Checks In at $3.9M (Real Deals)
Andy & Andrew Hotel Investments LLC, led by Ashok Desai, purchased the Comfort Inn & Suites at 3915 McCain Park Drive, backed with a five-year loan of $4 million from Arkansas Federal Credit Union of Jacksonville. read more >
by George Waldon -
First Community Bank of Batesville To Open Little Rock Location
An $850,000 deal was struck to acquire the dormant branch at 4900 Kavanaugh Blvd. from Allied’s regulator-assisted successor: Today’s Bank of Huntsville (Madison County). read more >
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