Banks Are Set For Steady Rise In Interest Rate
Predicting mortgage dip due to high interest rates, Arkansas bankers say their job is "managing the spread." read more >
by Marty Cook -
Bank Overdraft Fees Fading
Once a big source of income, overdraft protection fees fall out of step in banking. read more >
Banks Adapt as Money Goes Digital (Jim Cargill Commentary)
A complex and rapidly evolving ecosystem of digital first cryptocurrency-related products has arisen in the financial world. read more >
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Women Bankers See Progress in Industry
White male bankers still predominate, but the face of the business is changing. read more >
by Marty Cook -
Arvest Disputes Criticism of Its Overdraft Fee Profits
A recent analysis of overdraft fees by one of the country’s oldest think tanks included Arvest Bank of Fayetteville on a list of banks that “are no more than check cashers with a charter.” read more >
by Gwen Moritz -
Toward More Diverse Bank Leadership (Jim Cargill Commentary)
If we serve our communities — all parts of our communities — then we must bring more women, more people of color and more diverse people into positions of leadership. read more >
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Arkansas Banks Branches to Help With Vaccine Effort
At least seven Arkansas banks are participating in "Operation Vax Speed," an initiative between the Arkansas Bankers Association and the Arkansas Pharmacists Association to offer COVID-19 vaccines at bank branches throughout the state. read more >
Cooke, Brandon Named to Helena Health Board (Movers & Shakers)
Stephanie Cooke and Jimmy Lou Brandon have been appointed to the board of the Helena Health Foundation. read more >
Clark Joins Union Bank in Mena (Movers & Shakers)
Tim Clark has been hired as vice president of lending at Union Bank in Mena. read more >
Arkansas Banks Start to See Forgiveness on PPP Loans
Bankers get some money back, but federal process should be simpler, they say. read more >
Update: In Arkansas, Bankers Grow Frustrated Awaiting PPP Loan Forgiveness
Arkansas bankers who fronted money to thousands of businesses participating in the Payment Protection Program now say they are frustrated by the federal government's failure to repay the forgivable loans in a timely manner. read more >
ABA Joins Banking Associations, Others In Decrying Refinance Fee
The Arkansas Bankers Association is one of 51 state banking associations during the Federal Housing Finance Agency to rescind a 0.5% fee on refinance loans offered by Fannie Mae and Freddie Mac. read more >
As New Bankers Chair, Jon Harrell of Generations Lists Priorities
Jon Harrell, the CEO of Generations Bank, says the pandemic has allowed community banks to demonstrate their value. read more >
Bankers Decry $22.4M Award in Fax Case
A $22.4 million judgment against Wells Fargo Bank tied to a case over unwanted faxes wasn’t based in reality, according to bankers’ associations. read more >
by Mark Friedman -
Overload of SBA System Predictable, Arkansas Bankers Say
The technical difficulties that plagued the U.S. Small Business Administration's loan application system was no surprise, two Arkansas bank executives said Tuesday. read more >
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Arkansas Banks Approve $2B in PPP Loans
Arkansas banks had approved approximately 15,000 loans worth more than $2 billion as part of the federal Paycheck Protection Program as of Tuesday, the Arkansas Bankers Association announced. read more >
Pandemic Pushing Banks Deeper Into Digital Realm
Banking officials in the state say the pandemic has driven home an unmistakable truth: Banks without a digital presence are at a drastic disadvantage. read more >
by Marty Cook -
Arkansas Banks Alter Lobby Access, Push Customers to Digital Channels
The Arkansas Bankers Association says Arkansas banks are taking "aggressive steps" to keep customers and employees safe amid the COVID-19 outbreak. read more >
by Lance Turner -
Abaca Fires Up Services for Cannabis Commerce
A North Little Rock enterprise, launched in the Little Rock Technology Park and given flight with venture capital from Colorado, keeps pioneering its way into the burgeoning billions of cannabis commerce. read more >
by George Waldon -
Arkansas Banks Navigate Marijuana Road
Regulatory requirements, legal uncertainties blunt lending opportunities to the state's medical marijuana industry. read more >
by Marty Cook -