Bank of Fayetteville

John Calipari, the new head basketball coach at the University of Arkansas, paid $2.2 million for a home in the Clear Creek subdivision in Fayetteville. read more >

She previously served as foundation relations manager at Conway Regional Health System. read more >

He previously served as the deputy communications director and director of visual media for the Arkansas attorney general’s office. read more >

Sarah Fortner has joined Legacy Capital Wealth Partners of Little Rock as a wealth adviser. read more >

Longtime employee Jennifer Hardin has been promoted to serve as northwest Arkansas market president of Farmers and Merchants Bank and The Bank of Fayetteville. read more >

Haley Stotts has been hired as business development and marketing officer by First Security Bank in Jonesboro. read more >

Brad Chambless has been named CEO and president of Farmers and Merchants Bank and the Bank of Fayetteville, effective Jan. 1. read more >

Farmers and Merchants Bank and the Bank of Fayetteville recently announced that President and CEO Thomas “Gary” Hudson will retire on Dec. 31, after leading the bank for the past 11 years. read more >

Farmers & Merchants Bank of Stuttgart on Friday named Bob King its community bank president for The Bank of Fayetteville, which Farmers purchased in November. read more >

Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, according to the annual summary of deposits released Sept. 28 by the Federal Deposit Insurance Corp., a pace somewhat slower than the 5.4 percent growth in bank deposits nationally. read more >

As expected, Bank of Fayetteville will be merged into the $702 million-asset Farmers & Merchants Bank of Stuttgart. read more >

Bankshares of Fayetteville Inc., holding company of Bank of Fayetteville, represents the third acquisition by Farmers & Merchants Bankshares Inc. of Stuttgart in the past seven years. read more >

Selling the Bank of Fayetteville wasn't urgent, CEO Mary Beth Brooks said Friday morning, but after Farmers & Merchants Bankshares of Stuttgart expressed an interest, the deal made a lot of sense. read more >

The Kum & Go store in Farmington has a new owner after a sale-leaseback. A Springdale self-storage complex has been sold again after less than one year. read more >

Of all the Arkansas banks ensnared in the alleged serial loan fraud by Dennis Smiley Jr., First Western Bank of Booneville could be in the best position to recover money from him. read more >

The Bank of Fayetteville sued former banker H. Dennis Smiley Jr. of Rogers on Monday to collect nearly $480,000 owed for defaulted loans. It also named Smiley's former employer, Arvest Bank, as a defendant. Sources have told Arkansas Business that Smiley is facing a criminal investigation into allegations of loan fraud. read more >

H. Dennis Smiley Jr., the former CEO of Arvest Bank's operations in Benton County, is the subject of a federal criminal investigation for loan fraud. read more >

Stricklin, who is also Bank of Fayetteville executive vice president, has worked in accounting, lending, data processing and operations management in a banking career that began when he was in college. Throw in work with a bank consulting firm in Houston, and it is clear Stricklin knows a little something about the business. read more >