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Banking & Finance

Allied Bank Not Alone on US List of Bank Failures

The September failure of the $66.3 million-asset Allied Bank of Mulberry marked the fifth lender in the nation to go under so far this year. read more >
Banking & Finance / Legal / Real Estate

Last Little Rock Allied Bank Branch Set To Close

Former Allied Bank customers have been notified that the bank branch at 5701 Kavanaugh Blvd. in Little Rock will be closing in late January. read more >
Banking & Finance / Legal

Allied Auction Saw More Banks Bid; Chambers Garnishes Golden’s Last Paycheck

The OREO component separated Today’s Bank's winning bid of a negative $6.14 million from the pack. And in its collection efforts, Chambers last month garnished an $886 paycheck, one of Lex Golden’s last paydays at Allied. read more >
Banking & Finance / Legal

Two Others in Hunt for Allied Before Today’s Bank Took Ownership

Today’s Bank of Huntsville was awarded ownership of the $66.3-million asset lender with a negative bid of $6.1 million. read more >
Banking & Finance / Government & Politics / Insurance

Today’s Bank Takes On Teetering Allied

The Allied Bank staff was still a little shell-shocked when they convened at the main office in Mulberry on Saturday, Sept. 24. The day after regulators took over the $66.3 million-asset lender, employees gathered to learn what the future held under the new ownership of Today’s Bank of Huntsville. 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 / Government & Politics

Today’s Bank Named Receiver for Undercapitalized Allied Bank

State and federal bank regulators on Friday named Today's Bank of Huntsville as receiver for Allied Bank, the Mulberry bank whose parent company, Acme Holding Co., is in Chapter 7 bankruptcy. read more >
Banking & Finance / Investments / Legal

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 >
Lex Golden
Banking & Finance

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 >
Lex Golden, chairman, CEO and lead shareholder in the bankrupt Acme Holding Co.
Banking & Finance / Insurance / Investments

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 >
Walter Quinn’s Colorado home near Aspen is marked for sale.
Banking & Finance / Investments / Legal

Creditors Force Sale of Walter Quinn’s Aspen Condo

A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus. read more >
Lex Golden and his son, Alex Golden.
Banking & Finance / Legal

Lex Golden Sues Chambers Bank Over Failed Bank Buys

Lex Golden and his wife, Ellen, sued Chambers Bank of Danville in Crawford County Circuit Court alleging the lender essentially was responsible for causing all their money troubles. read more >
Lex Golden and his son, Alex Golden.
Banking & Finance / Legal

All’s Quiet on the Acme Bankruptcy Front

The parent company of Mulberry’s Allied Bank marked its second year in bankruptcy last month. read more >
Alex Golden and his sister, Amy McCay.
Banking & Finance / Government & Politics / Insurance

FDIC Asks for Over $1.2M in Judgments Against Alex Golden, Amy McCay

The FDIC has locally registered judgments of nearly $900,000 against Allied Bank president Alex Golden and more than $324,000 against his sister, Amy McCay. read more >
Phil Herrington
Banking & Finance / Construction / Legal

Phil Herrington Files for Bankruptcy After $3M Judgment

The financial woes of dapper Little Rock businessman Phil Herrington have prompted a trip to bankruptcy court. read more >
Banking & Finance / Real Estate

Allied, Pinnacle, Heartland Score Texas Ratios Over 100

Two Arkansas banks generated Texas Ratios above 100 at year-end 2014. Twelve months later, the number grew to three, with Heartland Bank of Bryant (112.28) joining Pinnacle Bank of Rogers (139.3) and Allied Bank of Mulberry (183). read more >
Banking & Finance / Real Estate / Restaurants & Food

Allied Bank Liquidates Wiederkehr Village OREO

Allied Bank of Mulberry sold about 382 acres in the wine tourism spot for about $1.2 million. read more >
Allied Bank's last remaining operational presence in Little Rock at the corner of Kavanaugh Blvd and Fillmore Street.
Banking & Finance / Legal / Real Estate

Heartland Bank Takes Over Allied Bank’s Last Little Rock Branch

The location of Allied Bank’s last operational branch in Little Rock recently was forfeited in lieu of foreclosure. read more >
Banking & Finance / Investments / Legal

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 >
Lex Golden
Banking & Finance / Legal / Real Estate

Judge Orders Liquidation of Allied Bank Parent Company

U.S. Bankruptcy Court Judge Ben Barry orders the liquidation of Acme Holding Co., the parent company of Allied Bank of Mulberry. read more >
Allied Bank’s 4900 Kavanaugh Blvd. branch in Little Rock is on a list of properties to be auctioned later this month.
Banking & Finance / Business Services / Investments

Kavanaugh Branch Kicks Off Allied’s Auction Run

The Allied Bank branch at the intersection Kavanaugh and Cantrell in Little Rock's Heights neighborhood took to the auction block Tuesday morning, leading off a four-day run by Blackmon Auctions of Little Rock. read more >