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Berry Bishop

Nathan Price and his Arkadelphia insurance agency are moving forward.
Banking & Finance / Insurance / Legal

Rice Cuts Price from Alliance Insurance Bankruptcy CaseLock Icon

Last month the Chapter 7 trustee for the bankrupt Alliance Insurance Group of Arkadelphia Inc. dismissed its suit against Nathaniel Price. read more >
Alliance Insurance Group of Arkadelphia, which had 21 employees, filed for Chapter 7 bankruptcy liquidation on May 30, 2018, listing $5.5 million in assets and $8.2 million in debts.  Its owner, Berry Bishop, is serving a prison sentence for bank fraud.
Banking & Finance / Legal / Small Business

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 >
Berry Bishop’s defunct Alliance Insurance Group of Arkadelphia reported $2.9 million in gross revenue in 2017. It filed for Chapter 7 bankruptcy in May 2018.
Banking & Finance / Insurance / Legal

Final Restitution Amount Owed by Berry Bishop? $4,129,132.35Lock Icon

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 >
Banking & Finance / Business Services / Insurance / Legal

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 >
Berry Bishop’s defunct Alliance Insurance Group of Arkadelphia reported $2.9 million in gross revenue in 2017. It filed for Chapter 7 bankruptcy in May 2018.
Government & Politics / Legal

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 >
Berry Bishop’s defunct Alliance Insurance Group of Arkadelphia reported $2.9 million in gross revenue in 2017. It filed for Chapter 7 bankruptcy in May 2018.
Banking & Finance / Insurance / Legal

Berry Bishop Faces Pressure from Feds for Prison TimeLock Icon

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 >
Chris Gosnell
Banking & Finance / Insurance

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 >
Berry Bishop’s defunct Alliance Insurance Group of Arkadelphia reported $2.9 million in gross revenue in 2017. It filed for Chapter 7 bankruptcy in May 2018.
Banking & Finance / Insurance / Legal

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 >
Berry Bishop’s defunct Alliance Insurance Group of Arkadelphia reported $2.9 million in gross revenue in 2017. It filed for Chapter 7 bankruptcy in May 2018.
Banking & Finance / Education / Legal / Retail

Former Insurance Agent Berry Bishop Acknowledges FraudLock Icon

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 >
Banking & Finance / Legal

Berry Bishop’s Alliance Insurance Group Files for BankruptcyLock Icon

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 >
Banking & Finance / Insurance / Legal

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 >
Banking & Finance / Insurance / Legal

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 >
Insurance

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 >
Banking & Finance / Insurance / Legal

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 >
Banking & Finance / Insurance / Legal

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 >