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Bank of America

Banking & Finance / Industry / Real Estate

Southern Bancorp Adds 20th Branch in Mississippi

Meanwhile, Simmons Bank is opening new branches in Tennessee and Texas. read more >

Bank of America Hit With $250M in Fines and Refunds for ‘Double-Dipping’ Fees

It is one of the highest financial penalties in years against Bank of America, which has largely spent the last 15 years trying to clean up its reputation and market itself to the public as a bank focused on financial health and not on overdraft fee income. read more >
Real Estate

Apartment Threesome Adds Up to $19.6M (Real Deals)

A series of apartment transactions encompassing 290 units tipped the scales at $19.6 million. read more >

Banks’ Growing Reliance on Chatbots to Handle Customer Service Worries Consumer Watchdog

Poorly designed chatbots could run afoul of federal laws that govern how debts are collected or how personal information is being used. read more >
Construction / Real Estate

Riverdale Industrial Building Sells for $7.5M

Dake OK LLC, led by Merritt Dake purchased the 69,609-SF industrial flex building on the northern end of the 2201 Brookwood Drive project. read more >
Eight business leaders in Arkansas share career lessons, advice and management tips.
Banking & Finance / Construction / Education / Energy / Government & Politics / Health Care / Insurance / Manufacturing / Media & Marketing / Public Companies / Real Estate / Small Business

Lessons Learned: Women in Business Offer Leadership AdviceLock Icon

Read what eight Arkansas women have to say about their management experience. read more >
Banking & Finance

Lessons Learned: Listen to Your Team (Heather Albright)Lock Icon

Heather Albright was the first woman and youngest president Bank of America had in the Arkansas market when she was named to the position in March 2021. read more >
A Bank of America branch in New York City
Banking & Finance

Banks Feel Sting of Fed Fight Against Inflation

As the Fed raises its benchmark interest rate, the value of bonds, typically a stable asset, are starting to fall. read more >
The north entrance to the redesigned Arkansas Museum of Fine Arts in Little Rock
Banking & Finance / Nonprofits / Tourism

Arkansas Museum of Fine Arts Gets $250K Grant From Bank of America

The funds bring the museum in Little Rock closer to completing its years-long redesign and renovation. read more >
A Bank of America branch in New York City
Banking & Finance

Bank of America Profit Falls as Bank Sets Aside Money for Downturn

BofA put $378 million into its loan-loss reserves this quarter — a similar level to Citigroup and Wells Fargo. read more >
Arvest Bank of Fayetteville extended its long run as the state’s deposit leader with modest deposit growth of 3.6%.
Banking & Finance / Government & Politics / Insurance

Bank Deposit Growth Settles Down After COVID

Statewide deposit growth slowed to 5.5% after two consecutive years in which COVID stimulus cash fueled unusually strong deposit growth. read more >
A Bank of America branch in New York City
Banking & Finance

Bank of America CEO: Struggling Americans Feel They Are in a Recession

Brian Moynihan cited two major issues negatively impacting average Americans — gas prices and rent — as reasons to be concerned. read more >
Occupying six floors, the Wright Lindsey & Jennings law firm is the largest tenant in the Bank of America Plaza in downtown Little Rock.
Banking & Finance / Public Companies / Real Estate

Bank of America Leaving Namesake Tower in Downtown Little Rock

The bank is moving operations to an office building on the city's west side. read more >
A Disney store sign in Venice, Italy, in 2019
Banking & Finance / Business Services / Government & Politics / Health Care / Insurance / Legal / Nonprofits / Public Companies / Retail / Transportation

Abortion Ruling Thrusts Companies into Divisive Arena

Some companies spoke up for the first time, including The Walt Disney Company. Others, including Walmart, are silent. read more >
The Bank of Rogers at 114 S. First St. in Rogers, circa 1910. 
Banking & Finance / Construction / Real Estate

Historic Site A New Home For Banco Sí

Signature Bank of Arkansas will take over the former Bank of Rogers building, which first opened in 1906, to open a bilingual-staffed banking office. read more >
Bank of America Building in Little Rock
Banking & Finance / Business Services / Investments / Legal / Real Estate

Bank of America Building Passes to New Owner at AuctionLock Icon

First Security Bank of Searcy recovered the property at a foreclosure sale earlier this month. read more >
Darrin Williams, CEO of Southern Bancorp Inc., talks about urban branching and more at Little Rock’s 12th Street Station.
Banking & Finance / Business Services / Investments / Public Companies / Real Estate / Small Business

Southern Bancorp Poised to Double Capital, Expand Financial ReachLock Icon

It took more than a decade for Southern Bancorp Bank to double its tally of total assets from $1 billion to $2 billion. The top executive of the bank’s parent company expects the journey to $4 billion will be much shorter. read more >
Banking & Finance / Business Services / Public Companies

Bank Overdraft Fees Fading

Once a big source of income, overdraft protection fees fall out of step in banking. read more >
The Federal Deposit Insurance Corp. in Washington, D.C.

In-state Bank Deposits Grow by 9.6% Over Past Year

Arkansas bank deposits exceeded $90 billion on June 30, an increase of 9.6% in 12 months and almost identical to the national trend line. read more >
Brad McBride, left, and Phillip Hutchins 
Banking & Finance

Bank of America Promotes Brad McBride, Philip Hutchins in Arkansas

Bank of America on Monday announced a pair of promotions in Arkansas.  Brad McBride of Little Rock was elevated to vice president and senior manager of global commercial banking. He’ll […] read more >