Arkansas banks OREO

A decade has passed since OREO portfolios became an especially significant line item as an epic wave of real estate securing bad loans flowed onto many a bank’s balance sheet. read more >

The balance sheet of Mulberry’s Allied Bank is positioned to undergo a third-quarter makeover after a July 21-24 real estate auction. The $107 million-asset lender intends to liquidate a chunk of its OREO portfolio during the four-day event. read more >

When the real estate bubble popped in 2008, it popped big time in northwest Arkansas, which generated more “other real estate owned” than Little Rock. Now, sales and an improving economy are bringing calm to a market once noted for speculation. read more >

The roster of land, homes and buildings in Washington County recovered from bad loans (known as Other Real Estate Owned) has shrunk for some and grown for others through acquisition. read more >

Resurging demand coupled with the paring of an Illinois lender’s OREO portfolio are helping push commercial activity in the heart of Benton County’s fabled Billion-Dollar Mile. Office and retail sectors are seeing positive trends and more dormant OREO sells in northwest Arkansas. read more >

Chambers Bank of Danville posted a nearly $4.3 million loss during the third quarter. The lick comes after the bank generated net income of almost $5.2 million through the first half of 2012. read more >