Berry Bishop
Rice Cuts Price from Alliance Insurance Bankruptcy Case
Last month the Chapter 7 trustee for the bankrupt Alliance Insurance Group of Arkadelphia Inc. dismissed its suit against Nathaniel Price. read more >
Trustee Sues Alliance’s Officers for $7.3M
Officials of a bankrupt Arkadelphia insurance agency ignored red flags indicating owner Berry Bishop was committing bank fraud, according to a trustee suing to recover $7.3 million. read more >
by Mark Friedman -
Final Restitution Amount Owed by Berry Bishop? $4,129,132.35
According to the amended order entered by U.S. District Judge Susan Hickey, Berry Bishop owes restitution totaling almost $4.13 million to six entities. Here’s how it breaks down read more >
The Appearance Of Wealth (Gwen Moritz Editor’s Note)
I feel compelled to make this point every year or two, since it is the most important lesson I’ve learned from two decades as your business editor: Wealth and the appearance of wealth are two different things. read more >
by Gwen Moritz -
Berry Bishop Sentenced to 60 Months for Bank Fraud
Supportive family members cried in a Hot Springs courtroom Friday morning as Berry R. Bishop, the Hot Springs insurance agent who also had offices in Prescott and Arkadelphia, was sentenced to five years in federal prison for bank fraud totaling more than $4.3 million. read more >
by Gwen Moritz -
Berry Bishop Faces Pressure from Feds for Prison Time
Berry Bishop, the Hot Springs insurance agent who also had offices in Prescott and Arkadelphia, is scheduled to be sentenced in U.S. District Court in Hot Springs on Friday morning. read more >
Farmers B&T of Magnolia to Acquire Bank of Prescott
Farmers Bank & Trust of Magnolia announces a deal to acquire the Bank of Prescott in the third quarter of 2019, but the financial terms of the deal were not released. read more >
by Gwen Moritz -
Former Insurance Agent Berry Bishop Pleads Guilty to Bank Fraud
A sentencing date has not been set for 67-year-old Berry Bishop, whose insurance license was suspended earlier this year. read more >
by Gwen Moritz -
Former Insurance Agent Berry Bishop Acknowledges Fraud
Berry Bishop, the failed insurance agent, under oath in bankruptcy proceedings, has described some of his borrowings from the Bank of Prescott over the past three or four years as loan fraud. read more >
by Mark Friedman -
Berry Bishop’s Alliance Insurance Group Files for Bankruptcy
Bishop’s Alliance Insurance Group of Arkadelphia Inc. filed for Chapter 7 bankruptcy protection late last month and listed $8.2 million in debts and $5.5 million in assets. read more >
Third Lawsuit Pushes Claims Against Berry Bishop to $3M
An insurance conglomerate has sued Alliance Insurance Group of Arkadelphia and its owner, Berry R. Bishop, pushing the total value of claims filed against them to more than $3 million. read more >
by Gwen Moritz -
Two Banks Allege $2.4M in Fraud by Arkadelphia Insurance Agent Berry Bishop
The Bank of Prescott and Citizens Bank of Batesville filed civil suits Monday alleging frauds totaling $2.4 million by former insurance agent Berry Bishop and his agency, Alliance Insurance Group of Arkadelphia Inc. read more >
by Gwen Moritz -
New Hot Springs Agency Licensed in Wake of Alliance Meltdown
The Arkansas Insurance Department on Thursday granted an agency license to Newman Insurance Agency in Hot Springs, and owner Bart Newman said Employers Mutual Casualty Insurance Cos. had agreed to contract with the new agency. read more >
by Gwen Moritz -
Alliance Insurance Agents Surprised by AID Order; Plan to Buy Insolvent Agency
Bart Newman discovered irregularities and spent weeks working on a plan to rescue Alliance Insurance Group of Arkadelphia. Then he saw Arkansas Business' report that Alliance's license had been suspended. read more >
by Gwen Moritz -
Insurance Agent Berry Bishop Accused of Fraud, Misuse of Premium
A prominent Arkadelphia insurance agent, Berry Bishop, had his insurance license suspended Tuesday morning in an emergency order alleging seven-figure bank fraud and conversion of premium to personal use. read more >
by Gwen Moritz -