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Allied Bank

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 >
Walter Quinn
Investments / Legal

Quinn Investments LP Agrees to $2.2M JudgmentLock Icon

The judgment settles a legal tiff involving a promissory note. 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, CEO and lead shareholder in the bankrupt Acme Holding Co.
Banking & Finance / Legal

Debt Discharged for Lex and Ellen GoldenLock Icon

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 >
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 >
Tom Gibbons of Frost PLLC thanks his colleagues after accepting the Arkansas Business CFO Lifetime Achievement Award in Accounting at a luncheon held Nov. 14 at Embassy Suites in Little Rock.
Banking & Finance / Investments / Legal / Real Estate

Tom Gibbons Fires Latest Shot in Walter Quinn DisputesLock Icon

A new lawsuit has been filed against Walter Quinn and his Quinn Investments Ltd. and Quinn Management Co. 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 >
Walter Quinn
Banking & Finance / Legal / Transportation

Today’s Bank Lands On a Different Plane in Walter Quinn LawsuitLock Icon

Another lawsuit against Little Rock businessman Walter Quinn surfaced in Pulaski County Circuit Court. 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 >
Banking & Finance / Construction / Investments / Real Estate / Retail / Small Business

NLR’s West Scenic Apartments Tops $3.9 Million Mark (Real Deals)Lock Icon

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 >
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 >
Future home of Fuqua’s Jewelry at 1022 W. Capitol Ave. in downtown LIttle Rock.
Banking & Finance / Real Estate / Retail

Fuqua’s Jewelry Makes Move from Star City to Little RockLock Icon

The former Allied Bank location at 1022 W. Capitol Ave. will house Fuqua’s Jewelry. 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 >
Today's Bank will add a former Arkansas Valley Electric Cooperative location in Van Buren as its tenth branch.
Banking & Finance / Business Services / Real Estate

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 >
Lex Golden
Banking & Finance / Investments / Legal / Real Estate

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
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 >
Comfort Inn & Suites at 3915 McCain Park Drive in North Little Rock.
Banking & Finance / Business Services / Construction / Investments / Nonprofits / Real Estate / Restaurants & Food

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 >
The former Allied Bank branch in Little Rock's Heights neighborhood, shortly before its auction this past summer.
Banking & Finance / Real Estate

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 >